It Sector Jobs
Tech Mahindra to invest Rs 700 cr in products, platforms division in 2 yrs
IT services company Tech Mahindra on Friday said it will invest up to Rs 700 crore in the newly carved out division of products and platforms in the next two years. The Mahindra group company is already present in the products and platforms business with its acquisition of the telecom sector-focused Comviva and other offerings which are delivering an annual revenue run rate of USD 450 million, company's chief executive and managing director C P Gurnani said. In the next two-three years, we are aiming to take the revenue from products and platforms to USD 1 billion, he told PTI in a virtual interaction in Pune after making the announcement about the new division at 'investor day'. The investment in the new division, to be led by Gurugram-headquartered Comviva's team, will be Rs 500-700 crore over the next two-and-half years, Gurnani said. The Comviva team, which also has presence in Bhubaneswar and Bengaluru, has been tasked with leading the entire products and platforms play,he ...
 "Tech Mahindra to invest Rs 700 cr in products, platforms division in 2 yrs")
TMS Ep368: IT hiring, govt vacancies, Gaurav Ratnaparkhi, Aero India 2023
Bad time for engineering graduates? Is increasing govt size a good thing? Are Adani stocks worth your money? What is Aero India 2023? All answers here
 "TMS Ep368: IT hiring, govt vacancies, Gaurav Ratnaparkhi, Aero India 2023")
Smart pickup in good jobs
The estimated 0.7 million additional jobs created by listed companies may easily more than offset the recent layoffs seen in tech companies
Indian IT industry to hire 200,000 people in near term: Kris Gopalakrishnan
'Ups and downs' in global economy will not impact Indian industry for long, he says
 "Indian IT industry to hire 200,000 people in near term: Kris Gopalakrishnan")
Pandemic boom to season of layoffs: How big tech and startups got it wrong
It is not just Meta which is looking at becoming capital efficient. Alphabet, the parent company of Google and Microsoft have already sent messages that focus will be on increasing productivity
 "Pandemic boom to season of layoffs: How big tech and startups got it wrong")
80% of IT employees need better reason to go to office, says report
Several companies, the report claims, have introduced higher variable pay and employee engagement budgets while cutting down the internet allowance to make employees return to the office
 "80% of IT employees need better reason to go to office, says report")
IT, BPM industry to add more 300,000 jobs by FY2023: TeamLease report
Companies looking for candidates with digital skills and engineering graduates from smaller cities
 "IT, BPM industry to add more 300,000 jobs by FY2023: TeamLease report")
Nasscom feels attrition problem in IT sector may have hit its peak
'If one looks at the data from the top-10 IT companies for the December quarter announced recently, attrition levels seem to be plateauing if not trending down'
 "Nasscom feels attrition problem in IT sector may have hit its peak")
Spread of digital economy leads to demand surge in tech space: Study
The top-five digital skill domains in demand in September-November 2021 are Testing, Platform Technologies, Java, Cloud Infra, and Data Analytics
 "Spread of digital economy leads to demand surge in tech space: Study")
 "Talent-starved Indian IT sector on a hiring spree, but trouble looms?")
Spike in localised hiring, travel curbs may prune visa demand in top IT cos
TCS, Infosys ramp up onshore hiring; Infosys committed to hire 25,000 over 5 yrs
 "Spike in localised hiring, travel curbs may prune visa demand in top IT cos")
IIT Delhi students get nearly 1,000 offers in phase 1 of placement season
More than 20 selections for international profiles have been confirmed up to now
 "IIT Delhi students get nearly 1,000 offers in phase 1 of placement season")
Stimulus package to boost growth, but need sector-wise bailout: CEO poll
Want cash dole for poor, I-T cut to create demand
 "Stimulus package to boost growth, but need sector-wise bailout: CEO poll")
Slowdown blues: Demand worries likely to dim IT firms' growth outlook
Besides slow growth in BFSI and retail verticals, deal conversion is taking time and may impact revenues and stock valuations
 "Slowdown blues: Demand worries likely to dim IT firms' growth outlook")
IT industry on hiring spree, adds record number of employees in Q1
Around 85,000 employees added on net basis, highest in six years
 "IT industry on hiring spree, adds record number of employees in Q1")
IT sector recruitment up by 8% in Sept, major focus on re-skilling: Survey
Industry focus for fresh hires is mostly on niche skills around new digital tools and services
 "IT sector recruitment up by 8% in Sept, major focus on re-skilling: Survey")
Good luck getting an IT job armed with only BTech degree: Mohandas Pai
About salary of freshers not growing in IT sector in past 20 yrs, Pai termed it as a 'great tragedy'
 "Good luck getting an IT job armed with only BTech degree: Mohandas Pai")
Outlook for Indian IT sector is optimistic
Despite the threat of automation, the industry will continue to be an important driver of growth
 "Outlook for Indian IT sector is optimistic")
