TOP RECRUITERS
Top startup and tech stories this week
Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories that we covered this week. Here’s a recap if you missed them.
NIT Mizoram achieves impressive placement record for 2023-2024 academic session with 86.7% overall placement
NIT Mizoram posted an 86.7% placement rate for 2023-2024, with the highest salary package at 14.5 LPA and an average over 7 LPA. Over 75 companies, including Adobe, Deloitte, Vedanta, and Mahindra & Mahindra, recruited students. Among the students, Shristi Sharma and Nishant Nitin Mishra, who secured four job offers, praised the Training and Placement Office. Internships, part of the curriculum, involved 100% student participation with organizations like SAIL, Indian Railways, and Google, offering stipends between ₹5,000 to ₹20,000 per month.
Amazon Pay India top up; GST summons for egaming firms
Amazon has pumped Rs 600 crore in its local fintech unit Amazon Pay India. This and more today’s ETtech Top 5.
Prosus writes off Byju's stake; Swiggy, PayU India report card
Dutch investment major Prosus said its investment in Byju’s is worth zero. This and more in today’s ETtech Top 5.
Nearly nine in 10 recruiters use AI for sourcing candidates: Survey
India Inc. is grappling with a shortage of workers skilled in AI, despite over half of recruiters being prepared for AI adoption. Lack of knowledge or training is cited as a major barrier, emphasizing the need for educational initiatives to bridge the skills gap. A survey from Talent500 indicates a strong inclination among companies to incorporate AI-driven tools into their recruitment processes.
Flexibility, salary key jobseeker parameters for new roles in India: Report
Indian workers are demanding higher salaries to cope with rising living costs and to feel valued. Flexibility is another key concern, as per Michael Page India's Talent Trends 2024 report. Employers need to focus on broader aspects like workplace culture, diversity, equity, and inclusion to attract and retain talent. The report highlighted workplace discrimination in India and emphasised the need to address various generational priorities and challenges in different sectors.
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1.52 lakh safety category posts vacant, says Railways in RTI reply
The Indian Railways faces a significant vacancy of over 1.5 lakh posts out of around 10 lakh sanctioned under the safety category, according to the Railway Ministry's response to an RTI application. This includes critical roles like train drivers and signal maintainers crucial for safe train operations.
IIIT Delhi places 86% of students at average salary of Rs 20.46 lakh per annum
86% of IIIT-Delhi's Class of 2024 secure job offers with highest domestic offer at Rs 49 lakh per annum. Highest international offer at $114,000. 113 companies participate, including regular top-tier recruiters, mid-segment firms, and startups. Average salary is Rs 20.46 lpa.
BTS‘ J-Hope bags top prize at military contest; pics go viral
J-Hope officially commenced his mandatory military service on April 18, 2023, with a scheduled discharge date of October 17, 2024. He earned a promotion for his outstanding service and was awarded a reward of 50,000 won, equivalent to USD 360.
Meet the Chinese military's newest recruit: A gun-wielding robot dog showcased during Golden Dragon 2024 exercise
China unveiled its latest military innovation, gun-toting robot dogs, during a joint exercise with Cambodia. These robots, equipped for combat and reconnaissance, highlighted China's technological prowess. The Golden Dragon 2024 exercise, involving 2,060 troops, emphasized non-traditional security threats like counter-terrorism and anti-piracy. This event underscores China's strategic partnership with Cambodia, reflecting its significant investments and geopolitical interests in Southeast Asia and the South China Sea.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 44%
After a short phase where bears were seen on the street, at least on the index level bulls were back in control as they touched a new high. Given the event risk in terms of election results, the market breadth might remain probably in equilibrium territory till the time exit polls come. In this short period if one is not a trader and knows how to hedge, it would be better to be cautious before investing. If one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned.These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
PM Modi calls Himachal Pradesh Congress government 'talabaaz sarkar,' accuses it of shutting recruitment commission
Prime Minister Narendra Modi criticised the Congress government in Himachal Pradesh, calling them a "talabaaz sarkar" for closing the staff selection commission and accused them of planning to lock the Ram temple in Ayodhya. Speaking at a rally in Nahan, he warned of a conspiracy to take away reservation benefits from SCs, STs, and OBCs and give it to Muslims. He also highlighted his government's initiatives.
Our Agnipath remarks criticism of policy not of forces, within model code: Congress on EC letter
Congress defends criticism of Agnipath scheme, accuses PM Modi of taking Election Commission's support within Model Code of Conduct. Chaudhry challenges the scheme, claiming it creates discrimination and weakens national security if elected, will scrap it.
Corporate India's big push for diversity: Companies intensify efforts to recruit women from entry level
Corporate giants in India, such as RPG Group, Deloitte, Tata Steel, Amazon, and Zinnov, are doubling down on diversity by ramping up efforts to recruit more women from the ground up. Strategies include targeted campus hiring, incentivizing recruitment agencies to bring in high-potential female candidates, and creating networking platforms to link women with leadership. These initiatives aim to cultivate a diverse workforce from the start, fostering a culture of inclusion and innovation.
FMS Delhi completes summer placement season with 289 students bagging offers
FMS Delhi wrapped up its summer placement process with 289 students receiving offers from 101 companies. The average stipend for the Class of 2025 is Rs 2.96 lakh, with top students earning up to Rs 4.22 lakh.
HSBC and Deloitte withdraw job offers for foreign graduates in UK after visa rule change
HSBC and Deloitte retract job offers to foreign graduates in the UK due to stricter visa rules. Graduates, who invested in UK education, face uncertainty. Companies like KPMG also reassess hiring strategies. Visa changes impact recruitment in digital innovation sector. Immigration concerns loom ahead of UK general election.
Job site Indeed cuts around 1,000 jobs in second layoff in two years
Indeed's layoffs were announced by chief executive officer Chris Hyams in a company memo. This development comes as the job listing platform grapples with a significant downturn in job postings and a cooling labor market.
West Bengal teachers' recruitment 'scam': TMC MLA withdraws plea from SC
Manik Bhattacharya withdrew his bail plea related to teacher recruitment irregularities in Supreme Court. Justices allowed a fresh plea for High Court with additional documents. He was arrested by Enforcement Directorate on October 11, 2022.
IIM Shillong placements recorded highest CTC of Rs 71.50 lakh
IIM Shillong's 2022-24 batch achieved a highest CTC of Rs 71.50 lakh per annum, with significant improvements in placements across various domains. The institute's focus on excellence and quality education reflects in the lucrative job offers received.
Freelancer’s guide to the galaxy of danger zones in recruitment platforms
The gig economy is booming globally, with India seeing a surge in freelancers seeking work opportunities. While challenges exist in finding the right projects, online platforms are playing a crucial role in connecting freelancers with relevant opportunities. To succeed in this competitive landscape, freelancers need to showcase their skills, work with quality clients, and constantly upskill. However, they must also be cautious of red flags.
SC stays Calcutta HC order cancelling over 24,000 appointments
The Supreme Court has stayed the operation of a Calcutta High Court order that cancelled over 24,000 jobs of teaching and non-teaching staff recruited by the West Bengal School Service Commission in 2016. The court ordered an expedited hearing and a resumed hearing on July 16. The CBI probe will continue, but there will be no coercive action against West Bengal government officials. The court emphasized the need to distinguish between valid and invalid recruitments and reprimanded the West Bengal government for calling it "systemic fraud."
BITSoM secures 100% summer internship for Class of 2025
BITSoM, Mumbai, achieved full summer internship placement for its MBA class of 2023-25 with a median stipend of Rs 2 lakh from 55 companies. Top recruiters like Tata Sons, Aditya Birla Group, and Hindustan Unilever offered internships.
West Bengal SSC recruitment case: SC stays CBI probe; sets May 6 to hear state govt's plea
The Indian Supreme Court has halted the Central Bureau of Investigation's (CBI) investigation into the recruitment of School Service Commission (SSC) teachers and set May 6 as the date for further hearing of the West Bengal Government's plea against the Calcutta High Court decision that declared the entire panel of 2016 SSC teachers' recruitment null and void and cancelled appointments of 24,000 teachers and non-teaching staff.
Firms rush to recruit chief AI officers amid tech frenzy
Companies scramble for AI talent, hiring CAIOs and other AI leadership roles. Top firms like Harman, Blackrock, and Deloitte emphasize the importance of AI leadership as AI becomes more integral to business operations worldwide.
Bengal school jobs verdict: Ex-HC judge Abhijit Gangopadhyay calls for Mamata Banerjee's resignation
Former Calcutta High Court judge Abhijit Gangopadhyay praised the court's decision to cancel appointments made through the State Level Selection Test-2016 (SLST) in West Bengal government-sponsored and aided schools, calling it an "appropriate judgment." Gangopadhyay demanded the "immediate resignation" of Chief Minister Mamata Banerjee, alleging involvement of "the entire group of fraudsters in the state administration" in the scam.
Consulting, technology firms top recruiters at ISB, 70 first-time recruiters make 190-plus offers
Consulting and professional advisory services firms dominated recruitment for the Indian School of Business PGP Class of 2024, representing 37% of offers. Overall, 394 companies, including over 70 first-time recruiters, extended 1,206 job offers to 850 students. As of early April, over 95% of the batch had secured placements.
Accenture with 26 offers, followed by BCG with 23 emerge top recruiters in IIM Ahmedabad final placements
Accenture emerged as the top recruiter in the final placements for the PGP Class of 2024 at IIM Ahmedabad, with 26 offers. BCG followed closely with 23 offers. Goldman Sachs led among investment banks with nine offers, while Adani made the highest number of offers in the general management domain. The placement season saw a decline in management consulting offers but an increase in niche consulting and conglomerate hiring. TCS and PwC were prominent recruiters as well.
IIM(C) MBA programme records 100 per cent placement, consulting sector top recruiter
Accenture Strategy emerged as the top recruiter among the consulting sector which included firms like EY-Parthenon, Monitor Deloitte, KPMG, Pricewaterhousecoopers (PWC), Vector Consulting and Arthur D Little, McKinsey, BCG, Bain, Kearney amongst others, it said.
Paytm hiring for various positions; claims high interest from top talents
The company is going through a crisis situation due to restrictions imposed by the Reserve Bank of India on its associate entity Paytm Payments Bank Limited (PPBL), which houses wallet and UPI services that are provided through the Paytm app.
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