Page 26 - It Sector News Today

India Business News: Indian stock indices, Sensex and Nifty, continued their decline for the third consecutive session due to concerns over a more hawkish stance by the US

GenAI will generate an economic value of $2.6-4.4 trillion annually, the report said. Of this, 75% will be concentrated in areas that form core service lines for the technology service providers, including software engineering, customer operations, product and R&D, and sales and marketing.

IT companies say its still too early to give a verdict on the impact on project delivery timelines but see greater promise, even as analysts express concerns about reduction in headcount

The stock valuations of Tech Mahindra are at par or slightly lower than TCS and Infosys  

HSBC sees growth bottoming out in most verticals in Q2 amid likely pick-up in segments like hi-tech and manufacturing.

The government already has the steel import monitoring system in place under which, importers do not need a licence but get registered online. A unique code is generated that has to be put on the bill of entry for carrying out imports. Something similar could be tried out for laptops and computers

Srivatsa said the differential in rates should support flows into emerging markets and make them attractive. He said the long-term underperformance between the US and other emerging markets leaves scope for catch up.

Staffing firm TeamLease Digital predicts a 30% year-on-year decline in hiring for FY24. But the Indian IT sector was not always known for its gloomy hiring scene.

The average earnings in the IT sector have increased at a greater rate than the wider UK economy, despite a slowdown in hiring, indicating a continued s...

Despite the turbulence in the IT sector, it remains the preferred area for job seekers in India, according to data from employment specialist firm Indeed. The data also showed an increase in white-collar hiring, with production/manufacturing, sales, and marketing roles being favored options. The survey included data from over 1,000 employers and 2,500 job seekers or employees and indicated a growing demand for skills such as critical thinking, problem-solving, and communication.