India Service Sector

Over 7 in 10 employers keen to hire in services sector in India: Report

The first three months of 2023 projects a strong outlook, especially for fresh graduates and entry-level employees, with 79 per cent employers willing to hire from this cohort

Top headlines: ESMA-RBI tussle, India's services exports, Paytm Q2 results

Business Standard brings you the top headlines this hour

India's services activity cools to 6-month low in Sep; job creation slows

PMI for services sector released by S&P Global dipped to 54.3 in September from 57.2 in August as weak external demand weighed on overall sales, with international order declining during the month

IT company Hexaware Tech to add 10,000 more to headcount in 2022

To offset the high attrition rate and execute about USD 2-billion order pipeline, global private equity major Carlyle Group-controlled Hexaware Technologies is adding 10,000 more to its 25,000-strong headcount this year, a senior company official has said. Last October, the Carlyle Group offered a reported USD 3 billion to Baring Private Equity Asia for the city-based software firm founded by technology veteran Atul K Nishar in 1990. PTI was the first to report in late August 2021 that Carlyle, the Washington-based private equity, alternative asset management and financial services giant set to pip bulge bracket rivals such as Bain Capital, KKR & Co and the Paris-based outsourcer Teleperformance, was the winner with a USD 3-billion bid for the company. None of the three parties has yet officially announced the deal completion. Nishar, who was founder and chairman of Hexaware Technologies, had in 2013 sold majority stake to Baring PE Asia for Rs 1,687 crore, with an open offer for .

India's services growth at 6-month low in Jan, input costs at decade high

The IHS Markit Services Purchasing Managers' Index slumped to 51.5 in January from 55.5 in December

July manufacturing PMI falls to 46; overall activity shrinks for 4th month

Job losses continue as domestic demand struggles as lockdowns return in states and export orders vanish

Service sector shrinks for second straight month, PMI falls to 49.2 in Oct

The data showed that the rate of deceleration also declined in October from September, providing a ray of hope in these times of slowdown.

Govt's move to promote services may fail if it can't address core concerns

The services sector has been growing faster than the physical infrastructure sector that should ideally be a necessary

GST woes: India services activity contracts again in August on weak demand

Though the downturn was less severe than in July, jobs were shed due to fewer workloads