Page 10 - It Industry

Only our India hub has SAP's full product portfolio: SAP Labs India MD

'SAP, it's about retaining talent because, being a product company, we cannot have people staying with us for just a year or so'

IT industry logged 25% attrition in FY22, trend to continue: Report

Non-technology lapping up as employees seek work flexibility and opportunities for career development

Moonlighting not ethical: IBM India's Patel joins IT industry debate

Wipro's leader Rishad Premji and Infosys have warned against practice before

India's hiring outlook ranked second globally: ManpowerGroup report

The report showed that India has the strongest net employment outlook for the December quarter in the Asia- Pacific region, followed by China (46 per cent), and Australia (38 per cent)

TMS Ep253: Reliance FMCG, IT industry, Shapoorji Pallonji, Nord Stream 1

Will Reliance's FMCG entry be another Nirma moment? Will margin pressures end IT's glory days? What next for Shapoorji Pallonji Group after Mistry's death? What's Nord Stream 1 pipeline? Answers here

Return to workplace may ease moonlighting concerns in IT industry: Experts

The issue of moonlighting by tech professionals has ignited a fresh debate, polarising opinions and raising thorny legal questions, though many believe that staff's gradual return to office floors will likely ease the concerns. Moonlighting refers to employees taking up side gigs to work on more than one job at a time. With the vexed issue now in the spotlight, some industry watchers expect employers to consider extra safeguards to protect proprietary information and operating models, especially where employees are working remotely. Companies, analysts say, could also turn tougher on exclusivity clauses in employment contracts. That said, employers may feel somewhat reassured as tech workers trickle back in, and the office cubicles start to get occupied more regularly. While the practice of moonlighting emerged as a big talking point after Wipro Chairman Rishad Premji flagged the issue, equating it to "cheating", the industry's take on it is rather divided. Tech Mahindra CEO C P .

Indore to soon start working 24X7 to facilitate IT, BPO sectors, start-ups

The Indore district administration in Madhya Pradesh is all set to open round-the-clock working activities in areas around the Bus Rapid Transit System (BRTS) corridors to attract investment especially in the Information Technology sector, an official said. Efforts are being made to start this within a week, he said. Local administration held a meeting with police officials, business establishments and elected representatives on Saturday in Indore to discuss the roadmap for opening of such activities in certain areas of the state's biggest city. After the meeting, Indore Collector Manish Singh told reporters that Chief Minister Shivraj Singh Chouhan had in a workshop announced to make Indore the start-up capital of the state. "It was suggested to open round-the-clock working not only to support IT companies, Business Process Outsourcing (BPO) establishments, but also to strengthen the city economy. The CM had issued directives to work in this direction, he said. The issue was dela

IT services companies' salary costs growing faster than revenues

The six IT services firms, on average, earned net sales of around Rs 38 lakh per employee in FY22, up from Rs 33.5 lakh in FY17 and Rs 37.3 lakh in FY20

IT industry's 'people' conundrum may delay its revenue growth targets

The current talent crisis may delay the industry's efforts to move up the value chain by delinking headcount and revenue streams

Personal data protection bill: IT industry seeks part in consultation

IT industry players have appreciated the government's move to withdraw the personal data protection bill and have sought participation in the consultation process for the fresh draft.

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

Ex-L&T Infotech CEO Sanjay Jalona joins ChrysCapital as operating partner

Sanjay Jalona will be based in the US, look after investments in the business services sector

IT firms seek talent with strong foundation as they move to smaller town

The demand is for skills that can address new technology demands such as AI/ML, data analytics, cloud etc, which may not be easily available in these cities

IT analysts in wait-and-watch mode as experts see mild recession in the US

Analysts predict that if a slowdown does happen by 2022-end, the impact will be seen only in second half of FY23

Infosys goes all out to retain talent, increases promotions, ESOP coverage

The IT industry, facing an alarming rate of attrition, has been doubling down on reskilling and retaining talent using various monetary and non-monetary compensations

Slowing profits

Inflation is affecting demand and margins

ITC Infotech eyes $500 mn revenue over five years from new business unit

Last month, ITC Infotech said it would be acquiring a part of PTC's product lifecycle management (PLM) implementation services business and create a new business unit, DxP Services

Goa to bridge gap between manpower and IT industry requirements: Minister

IT minister chaired a "brain storming session" with the academia, IT industry and government officials in Panaji to understand the gap existing between the manpower and the industry requirement

From double-digit hikes to promotions, India's IT talent takes the cake

The salary increases are not restricted to the Indian IT industry. Globally too, tech talent is being rewarded as never before

Residential plot prices shoot up in big cities amid strong demand

Property consultants and developers say demand is rising owing to an increase in incomes in the IT industry and families preferring independent homes post-pandemic