Service Sectors

Engineering firms expect pipeline to remain robust amid West Asia crisis

Engineering exports to West Asia countries such as the UAE rose by 50 per cent

Services sector firms led India Inc's job creation in FY23, says study

The study by the state-run bank sums the number of employees of close to 3,000 companies in the corporate sector in the past five years

Accenture GenAI offering sees momentum in Q1 FY24, signs $450 mn bookings

The growth trajectory in Q1 for GenAI is of significance for the top IT services players who are eyeing this segment as the next growth area

US service sector slowed for second straight month in October: ISM survey

Some economists view the ISM services prices paid measure as a good predictor of personal consumption expenditures inflation, tracked by the U.S. central bank for monetary policy

India's Oct services PMI falls to 58.4 vs 61 in Sept on rising inflation

In October, there were faster increases in input costs and output charges, with rates of inflation outpacing their respective long-run averages

India's services exports rise record 27% in FY23, shows RBI data

Services imports grow 22%; surplus at $142 bn: RBI data

Mixed bag of job opportunities await aspirants in 2023; skills in spotlight

A mixed bag of opportunities is likely to greet job aspirants in the New Year as telecom and services-oriented sectors are anticipated to accelerate hiring after recent gloomy months of pink slips in the technology segment amid global economic turmoil. Short-term opportunities will be on the rise and companies will focus on building a work-life integrated culture, nurturing niche talent, enhancing skills and providing flexible work arrangements, experts opined. Experts also said one of the major recruitment trends of 2023 is expected to be companies looking to boost internal mobility of talent. After 2022, especially the second half, resonated with reports of mass layoffs and hiring freeze amid the pandemic-related business disruptions, experts said it is not going to be all gloom and doom in 2023. According to staffing firms and job portals, it will be a mixed bag for the Indian job market next year. Amid subdued tech hiring, some of the non-tech hiring, especially in telecom and

Three-fourth employers in services sector willing to hire: TeamLease

The hiring boom in India's services sector is likely to continue in the third quarter, with 73 per cent of employers willing to increase their resource pool

Are exports holding up?

Strong export volumes have been a major driver of India's growth over the last few years; high technology exports have clearly outperformed medium and low technology exports

Factory output grew by just 1.3% in January despite favourable base

Omicron-led lockdowns across the country reduced demand for goods and services

China's services sector activity expands at faster pace in October

The improved readings in the private survey, focuses more on small firms in coastal regions, stood in contrast to an official survey, which showed the expansion in the services sector lost some steam.

Manufacturing, services firms to drive apprentice hiring in H2 2019: Report

The apprentice hiring sentiment is expected to grow by 41 per cent from second half of 2019, as manufacturing and services sectors have opened their doors for apprentices, according to a report. According to TeamLease Skills University report, 'The Apprenticeship Outlook and Index', the apprentice hiring sentiment is expected to grow from current levels of 36 per cent to 41 per cent in JulyDecember 2019. The report revealed that the top manufacturing sectors to hire apprentices in the second half of this year are FMCG & durables (45 per cent) and automobile and ancillaries (42 per cent). It is followed by services sector with retail (45 per cent) and travel and hospitality (44 per cent), it added. The growth is primarily attributed to employers increasingly invested in the apprenticeship model over the last two years especially for cost effective talent creation and enhancedproductivity, it said. The other factors that are driving apprenticeship adoption are the ...

Services sector package: Govt yet to decide what it will spend funds on

The Rs 50 billion package seeks to jump-start growth in 12 services sectors