Indian IT Sector

The IT sector, which is on the path of recovery, is expected to witness 15-20 per cent growth in job opportunities across various industries in 2025, talent solutions company NLB Services said on Monday. The IT industry has gained back momentum in H2 2024 and is gearing up for a promising 2025 on multiple fronts, said NLB Services. In the coming year, fresher hiring in the Indian IT sector is poised for significant growth, with an anticipated increase of 15-20 per cent in job opportunities across various industries, it added. At the same time, the demand for highly specialised tech roles, including artificial intelligence, machine learning (ML), data analytics, and cloud technologies, is expected to surge by 30-35 per cent, driven by the increasing reliance on emerging technologies, it said. This surge in demand is not limited to hiring but extends to a strategic focus on tech upskilling, with companies investing heavily in training initiatives to equip their workforce with the ...

Ups growth projection to 3.75-4.5%

Chief Minister Mohan Charan Majhi on Friday inaugurated operation centres of four new IT companies here which is expected to strengthen Odisha's position as a key destination for IT, professional services, and Innovation. Majhi inaugurated the operation centres of Chubb Business Services, Integreon Managed Solutions, Bourntec Solutions, and Secuodsoft Technologies virtually. The presence of these companies in Odisha is a testament to our state's commitment to fostering a business-friendly environment. From IT to Manufacturing, from Research and Development to Professional Services, Odisha's diverse industrial landscape is expanding rapidly, Majhi said. Stating that Odisha has set a target to make Odisha a USD 500 Billion economy by 2036 and a USD 1.5 trillion economy by 2047, the chief minister said the IT/ITeS and the larger services sector will play a critical role in helping us achieve these goals. "Our focus is and will remain on creating an environment that nurtures businesses

For India, leading the charge in technology adoption remains paramount. Our meticulously crafted blueprint ensures agility, allowing us to weather the storm and flourish

Over the next few months, the implementation of the EPFO 2.01 Project will ease the processes and turnaround time for various member and employer transactions

Companies are actively hiring for roles such as application developer, software engineer, full-stack developer, and senior software engineer, said the report

Prior to this, the IT sector was divided into software, services and hardware technology

On the bourses, Infosys's stock witnessed a decline, falling 1.32% to an intraday low of Rs 1,828.10 per share on the NSE. In comparison, the Nifty IT index dropped 1.64% to a low of 40,038.25 levels.

The mid-year summit of the GPAI members welcomed Serbia as incoming chair of grouping

Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector

What Accenture results mean for Indian IT: Analysts believe FY25 Street estimates for Indian IT companies have been adequately rationalised, implying little downgrade risk from current levels

The surge in share price came on the back of a divided announcement, coupled with Accenture's Q3 performance, which met street expectations

As of 6:39 AM, GIFT Nifty futures showed a slight increase, trading 7 points higher at 23,589.5 from their previous close

The platform to be implemented jointly by Digital India Corporation and National Informatics Centre

The uptick in share price came after the IT major announced that it has entered into a long-term strategic partnership agreement with Google Cloud, to drive innovative solutions

The share was also the top gainer on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)

Tier-2 companies added nearly 100 senior executives from Tier-1 firms over the past couple of years in a range of roles including presidents and vice-presidents

As the NDA is set to form government for a third term, tech initiatives are expected to maintain pace, with IT Secretary S Krishnan on Wednesday saying that Meity will take up a slew of new initiatives as planned, while building on the legacy of past successes and outcomes. Krishnan, speaking on the sidelines of a Software Technology Park of India (STPI) event, said the ministry has a "number of initiatives which have been planned and are in the works" and those will be taken up once the new government is in place. To a question on whether the work on Digital Personal Data Protection (DPDP) rules and shaping Digital India legislation framework will continue at speed, he said, "the legacy in terms of what we have in the organisation in terms of...institutional memory continues." Asked in particular about the status of the proposed Digital India legislation -- which would provide guardrails and define regulatory approach on new age technologies like AI - he said, "We will see how we .

IT major Wipro on Monday said it has appointed Bruno Schenk as the Country Head and Managing Director for Switzerland, with immediate effect. He will report to Wipro's Europe CEO Pierre Bruno. Schenk is taking over from Ren Mulder, who has decided to explore new opportunities beyond Wipro, the company said. Schenk was previously the CEO of Eviden Switzerland, an Atos business. "I extend a warm welcome to Schenk, and I look forward to the insights, energy and rigour he will bring to our clients and teams in Switzerland and as part of our Europe Leadership Team," said Pierre Bruno. "Ren and Schenk will work together closely over the coming weeks to ensure a smooth transition. I'd like to thank Ren for his leadership over the last four years, delivering outstanding value and innovation and for building a strong, client-focused team in the region," he said. In May, Wipro appointed Sarat Chand as regional head and managing director of its northern Europe region.

Thierry Delaporte earned $20 mn in FY24 and $10 mn the year before; he resigned last month