HIRING 2021
IT hiring slump: Indian IT firms experience drop in average training hours IT jobs: Training hours at Infosys, Wipro, and Tech Mahindra dropped in FY24 due to fewer freshers and just-in-time hiring, e.g., Infosys down to 74.6. TCS doubled to 87. Richard Lobo anticipates future upskilling. Cost optimization prioritizes bill...
12 Jul, 2024, 04.03 PM ISTGCCs on the hunt: IT companies becoming hotspots for senior talent According to the findings, there are about 120 top GCCs in India with some 21,000 senior executive roles, including those of vice-president, assistant vice-president, senior vice-president and director. These senior executives have a minimum experie...
06 Jul, 2024, 07.41 AM IST'We hire more women because they are more disciplined', says Ola founder Bhavish Aggarwal on Foxconn controversy Ola's founder Bhavish Aggarwal reaffirmed the company's commitment to employing women, including married women, amid reports of Foxconn's discriminatory practices. Ola's FutureFactory in Tamil Nadu employs an all-women workforce, with plans to exten...
01 Jul, 2024, 02.16 PM IST- ADVERTISEMENT
BPCL adds fuel to capex fire, hires I-bank for Rs 31,000 crore loan Bharat Petroleum Corp Ltd has mandated SBI Capital Markets to arrange a Rs 31,000 crore loan for the planned capital expenditure at its Bina refinery complex in Madhya Pradesh.
13 Jun, 2024, 05.30 AM ISTSebi to hire 49 officers; invites application Sebi initiated the hiring process for 49 Officer Grade A (Assistant Manager) positions in various departments to enhance regulatory functions.
11 Jun, 2024, 04.05 PM ISTHow startups are changing their hiring strategies to streamline costs Facing a prolonged funding drought, startups are trying a new approach to cost-cutting. Layoffs continue, but some companies, like Swiggy and Ola, are strategically refilling certain open positions with lower-salaried junior staff, according to indu...
06 Jun, 2024, 07.29 AM ISTAttrition for MBA campus talent highest across degrees; employee turnover among campus hires drops in 2023 vs 2022, survey shows A survey by Deloitte has revealed that the attrition rate among MBA graduates hired directly from campus was the highest across disciplines in 2023, with the highest one-year (40%) and two-year (38%) attrition rates. Infant attrition was the highest...
22 May, 2024, 08.09 AM ISTSmall cities home to big dream jobs: Hiring scene in tier 2, 3 cities gets busy Job opportunities are growing across sectors in tier 2 and 3 cities, and professionals are eager to join, recruiters and firms said. Escalating living costs and infrastructural challenges in metros are prompting executives to move to smaller cities....
21 May, 2024, 11.35 AM ISTGAIL hires LNG ship from CoolCo GAIL (India) Ltd has contracted a newbuild LNG carrier from NYSE-listed Cool Company for 14 years, enhancing its transportation capacity to meet India's rising gas needs. The agreement includes partnerships with Sabine Pass Liquefaction LLC and Cove...
18 May, 2024, 11.43 AM ISTAxis Bank to groom LGBTQIA+ talent for careers in banking Axis Bank has introduced the ‘ARISE ComeAsYouAre’ talent acquisition programme to recruit individuals from the LGBTQIA+ community across India for careers in banking. The initiative focuses on skills-based hiring, offering equal opportunities to fre...
16 May, 2024, 01.43 PM ISTCarlyle hires 5 I-banks for $1 bn Hexaware IPO Carlyle plans to list Hexaware, aiming to raise $1 billion at a valuation of $5.5-6 billion. The move follows Carlyle's acquisition of Hexaware in 2021 from Baring PE Asia. If successful, it would mark India's largest technology sector IPO.
14 May, 2024, 01.00 PM ISTIndia Inc hunts for new cyber warriors Corporate India is actively seeking cybersecurity professionals amidst rising concerns over data breaches, evolving regulatory requirements, and the emergence of advanced artificial intelligence platforms. To address vulnerabilities in security cont...
12 May, 2024, 08.06 AM ISTCiel HR’s Aditya Narayan Mishra on IT hiring and salary trends Aditya Narayan Mishra highlights the impact of AI, ML, cloud, and full stack development on pay packages. Global competency centers pay freshers more for problem-solving skills. Market shifts towards newer technologies, impacting attrition rates and...
23 Apr, 2024, 10.51 AM ISTJob market witnessing rebalancing after rush of cash flow seen immediately after Covid-19, says Upgrad co-founder Ronnie Screwvala Upgrad co-founder highlights job market trends, growth in placements, and focus on future careers in data, tech, ML, and AI. Emphasis on upskilling and intellectual capital creation in small towns and hinterlands for India's transition.
14 Apr, 2024, 04.23 PM ISTRBI penalises IDFC First Bank, LIC Housing Finance The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on IDFC First Bank and Rs 49.70 lakh on LIC Housing Finance for violating certain norms. IDFC First Bank's penalty is for non-compliance with directions on 'Loans and Advances - Sta...
05 Apr, 2024, 07.46 PM ISTNASA is looking for astronauts after 4 years. Are you ready? Check qualifications and selection process NASA is seeking astronauts for the first time in four years, aiming for diversity in candidates. From thousands of applicants, only a select few will join the rigorous Astronaut Candidate training program.
03 Apr, 2024, 02.42 PM ISTPool of ‘unemployed CXOs’ grows as old firms refuse to match startup salaries Several CXOs laid off by startups are struggling to find new roles as traditional companies are unwilling to hire them at the inflated salary levels and fancy designations that attracted them to startups in the first place. This situation has led to...
27 Mar, 2024, 07.54 PM ISTUnicorn hiring trends; smartphone makers to gain further ground The ongoing funding winter and concerns over profitability have not deterred homegrown unicorns from onboarding top talent. This and more in today’s ETtech Top 5.
22 Mar, 2024, 08.26 PM ISTTop Indian unicorns continue to add talent despite funding, growth challenges Data from top 15 unicorns by talent movements– including the likes of BigBasket, Delhivery, Flipkart, IndiaMART, Meesho, Ola, PhonePe, Swiggy, Udaan, Zoho, Zomato - showed that over the last 12 months, this cohort of firms let go 33,000 employees bu...
21 Mar, 2024, 08.59 PM ISTIT campus hiring tumbles to two-decade low Indian software services companies will end FY24 having hired between 70,000 and 80,000 fresh engineers —the lowest intake in over two decades. The decline in fresher hiring marks a significant climbdown for a sector that was once regarded as the ub...
01 Feb, 2024, 06.00 AM IST