Page 18 - It Sector News Today

Mangaluru: The builders here are betting big on the potential of the IT sector in the coastal district, which was declared as the first startup distri.

In addition to these functional skill suites, incremental demand for skills related to Gen AI, Data Science, DevOps, Cloud, Automotive Engineering, Cyber Security, Networking Specialists and more were also noted in Q2. 📲 IT Recruitment Remains Muted While Demand for Talent With Functional Skills Rises in Q2 of FY24: Report.

Tech Mahindra stock has given a return of 9.65 percent over the last six months. The benchmark Nifty50 index has given a return of 7.53 percent over the same duration.

Kapil Joshi, Deputy CEO, Quess IT Staffing, a provider of staff augmentation solutions, says that they have observed a sustained demand for early career professionals in roles related to data engineering, development (Java, Angular), ERPs, Power BI, network engineering, cybersecurity and UI/UX.

In India, women faced a decline in non-inclusive behaviours in the workplace, with a fall of almost 10 percentage points to 48%, according to a report by Deloitte. Women face higher pay gaps as they climb up the corporate ladder.

IT services companies already have billions of dollars at stake, earmarked to be invested in strengthening their AI capabilities and training workforces over the next couple of years.  

The country is offering cash-backs to manufacturers on sales of locally made goods that exceed an annual target. The scheme is key to Indias ambitions to become a powerhouse in the global electronics supply chain, with the country targeting an annual output worth $300 billion by 2026.

Employees who fall below the manager category and above entry levels will be eligible for this range of payout

Persistent Systems, L&T Technology Services, Cyient, KPIT Technologies, and Tata Elxsi will benefit from this trend, driven by large deal wins, continued investment from customers for digital engineering services for their end products, and inorganic growth through M&As.

The Nascent Information Technology Employees Senate (NITES), an IT sector employee rights organisation, has reportedly filed a complaint with the labo.