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recruitment: IT services majors may recruit 40% less in FY24

IT services majors are estimated to hire between 50,000 to 100,000 employees during fiscal 2024, according to data from staffing firm Xpheno, a precipitous decline from the net hiring of over 250,000 by these companies in the previous year. ....

It Services ,

Sensex today: Sensex rises over 100 points, Nifty above 19,550 in early trade

From the Sensex pack, M&M, NTPC, Bajaj Finserv, HCL Tech, Wipro, and TCS opened with gains, while ITC, Kotak Bank, Asian Paints, HUL, IndusInd Bank and Nestle opened with cuts. ....

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Founder Vijay Shekhar Sharma's stake in Paytm touches 20%; Data Bill passed in Lok Sabha

In a move that Vijay Shekhar Sharma no doubt hopes will please regulators and convince them to greenlight the Paytm founders business plans, Ant Financial has transferred a 10% stake in the fintech major to an entity owned by Sharma. The transaction will reduce Chinese representation on the cap table of One 97 Communications, Paytms parent. This and more in todays ETtech Top 5. ....

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fii sectoral picks: Bull market frenzy? FIIs pardon IT companies despite muted growth, weak guidance

A bulk of the investment (Rs 11,514 crore) went into financial services, which have been a favourite of all big boys of Dalal Street amid solid credit growth. However, the pace of inflow in financial stocks slowed down compared to June when FIIs invested over 19,000 crore in the sector. Capital goods continued to be in the list of top FII favourites as foreign investors spent Rs 5,633 crore in the sector. ....

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TCS, Wipro, Tech Mahindra: As AI projects take centrestage, Indian IT companies bet big on employee skilling

This trend in investment in employee skilling at IT companies comes at the back of peaked interest in generative AI among clients in the sector. ....

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