IT services will continue to be significant part of India’s job environment: TCS CEO Rajesh Gopinathan
4 years, 3 months ago

IT services will continue to be significant part of India’s job environment: TCS CEO Rajesh Gopinathan

Live Mint  

IT services will remain a significant part of the job environment in India as the demand for talent and services continues to grow in the country, according to Tata Consultancy Services CEO and MD Rajesh Gopinathan. The relative ratio of IT to other industries is a factor of what happens in the larger economic scenario.in the foreseeable future, IT services will remain very attractive and a significant part of the job environment in India," Gopinathan said in a recent webinar on LinkedIn. Gopinathan, who heads the USD 22-billion firm, was recently named as a LinkedIn Influencer, joining the list of eminent personalities like Satya Nadella, Vani Kola, Punit Renjen and Kiran Mazumdar Shaw. Gopinathan said the youngsters coming into workforce are native to many of the technologies that are leading the disruption and learn about the tools "by default" because that is the environment they are coming into.

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History of this topic

Tiruchi's IT Landscape Booming: A Steady Rise for IT and ITEs
2 months, 1 week ago

Tiruchi's IT Landscape Booming: A Steady Rise for IT and ITEs

The Hindu  

Tiruchi is emerging as an IT destination, with a surge in software and IT-enabled services companies. The growth trajectory shows a clear momentum, with more companies setting up units and employing IT professionals. The recent spurt in employment by IT and ITES companies, especially ITES providers, indicates a promising future for the IT industry in Tiruchi.

India's top 5 IT firms continue headcount decline for 7th straight quarter
4 months, 3 weeks ago

India's top 5 IT firms continue headcount decline for 7th straight quarter

Business Standard  

TCS led the ranking with total 606,998 employees, while Infosys came in second with 315,332 employees For the seventh consecutive quarter, India’s top five IT services firms have experienced a decline in headcount. The news report quoted Deepti S, business head of technology staff augmentation at staffing company Xpheno saying, “The gradual slowdown of the degrowth with the quantum of …

Bridging the Gap: How India Can Unlock the Potential of its Service Sector - News18
6 months, 3 weeks ago

Bridging the Gap: How India Can Unlock the Potential of its Service Sector - News18

News 18  

The service sector has undeniably been the primary driver of India’s growth since the year 2000. Skill Gap In India, the skill gap in the labour force is a significant challenge, with only 51 per cent of the youth deemed employable due to a lack of necessary skills. Efforts to bridge this gap must include public-private partnerships, such as the …

Manufacturing versus services: A false binary
10 months ago

Manufacturing versus services: A false binary

Hindustan Times  

The debate around India’s policy focus — whether it should be on manufacturing or services — is once again heating up. India’s share of global services exports is currently ~4.4%, and the country is already the largest provider of telecom and information services. The other pillar of the country’s export strategy — services exports — is where India already has …

Top 10 IT Consulting Companies in India 2024
10 months, 2 weeks ago

Top 10 IT Consulting Companies in India 2024

The Hindu  

IT consulting companies play an important part in today’s modern world by developing creative solutions to fulfill the ever-increasing needs of corporations, organizations, and individuals. Various professionals from top IT consulting companies assist global organizations in implementing digital solutions that integrate cutting-edge technologies such as Artificial Intelligence, Machine Learning, and others in a way that improves their business requirements and …

TCS, Infosys, Wipro, HCL Tech: Hiring In IT Sector To Remain Slow For 2-3 Quarters, Says Report
1 year ago

TCS, Infosys, Wipro, HCL Tech: Hiring In IT Sector To Remain Slow For 2-3 Quarters, Says Report

News 18  

IT companies in India, including TCS, Infosys, HCL Tech and Wipro, have hired fewer employees in the past four quarters, due to demand slowdown, reduction in attrition levels and excessive hiring during the pandemic, according to a report by ratings agency ICRA. However, the average last twelve-month attrition for IT companies declined to 14 per cent as of September 2023, …

Will GCCs disrupt India’s IT services industry?
1 year, 6 months ago

Will GCCs disrupt India’s IT services industry?

Live Mint  

The release of Nasscom’s GCC 4.0 report, prepared in association with global management consultancy firm Zinnov, marks a possible inflection point for the $200-billion Indian IT services industry. Nasscom clearly sees global capability centres as a big growth area that could tap India’s large, low-cost pool of technical talent. According to Nasscom’s analysis, the first wave established GCCs as outposts, …

New challenges in the Indian IT industry are changing the employer-employee dynamic
1 year, 6 months ago

New challenges in the Indian IT industry are changing the employer-employee dynamic

Hindustan Times  

Indian IT has been a poster child for India not just because of its size and scale but, more important, for its continuous innovation in response to changing market dynamics. First, fast growth in machine learning and Artificial Intelligence is making many old low-tech jobs redundant and creating massive demand at the very top end, which the industry cannot meet …

TS's tech muscle grows, IT exports likely to zoom 20%
1 year, 7 months ago

TS's tech muscle grows, IT exports likely to zoom 20%

Deccan Chronicle  

Hyderabad: Exports in the Information Technology sector from Telangana are likely to cross Rs. 2.2 lakh crore for the 2023-24 fiscal, a 20 per cent growth from the previous fiscal’s export figure of Rs. According to the IT and communications department, the growth rate in job creation was 24 per cent in 2021-22, on over 6.28 lakh jobs created in …

India IT services biz set to sink to three-year lows in March qtr
1 year, 8 months ago

India IT services biz set to sink to three-year lows in March qtr

Live Mint  

NEW DELHI : Homegrown IT services firms are likely to close the last financial year on a sombre note, with analysts predicting three-year lows for the sector on various metrics such as deal bookings and revenue growth. The March quarter performance could also set the tone for FY24, in which experts expect deferred deals for the industry leading to slower …

Watch | Business Matters: Will global layoffs jolt India’s IT industry?
1 year, 11 months ago

Watch | Business Matters: Will global layoffs jolt India’s IT industry?

The Hindu  

There has been a slew of layoff announcements in the Western corporate world these past months, gathering pace over recent weeks. E. Balaji, currently Global chief HR officer at TVS Supply Chain Solutions, who has also been a senior leader in the manpower placement industry for more than a decade prior to this position, says fear of reputation loss and …

IT, startups may cut up to 20,000 jobs in next 6 months
1 year, 11 months ago

IT, startups may cut up to 20,000 jobs in next 6 months

Live Mint  

India’s IT and startup sectors may lay off 15,000 to 20,000 employees in the next six months, battling slowing demand after the hiring frenzy of the last two years inflated salary costs. Over the last year, companies faced the fear of missing out on talent hiring and recruited in large numbers and paid them many folds more than inflation and …

TCS, Infosys, Wipro, HCL Tech Face High Attrition Rates; Know What Experts Say On The Issue
2 years, 2 months ago

TCS, Infosys, Wipro, HCL Tech Face High Attrition Rates; Know What Experts Say On The Issue

News 18  

IT companies — Tata Consultancy Services, Infosys, Wipro and HCL Tech, among others — are facing high attrition rates and the IT sector’s average attrition rate is currently as high as 25 per cent. HCL Tech’s attrition remained at 23.8 per cent in Q2FY23, TCS attrition rate in IT services was 21.5 per cent during the September 2022 quarter. Wipro’s …

TCS Adds Net 9,840 Employees in Q2FY23, Lower Than Q1; Attrition Rate Continues To Rise
2 years, 2 months ago

TCS Adds Net 9,840 Employees in Q2FY23, Lower Than Q1; Attrition Rate Continues To Rise

News 18  

India’s largest IT services company Tata Consultancy Services on Monday reported a net addition of 9,840 employees during July-September 2022. TCS has been meeting demand for services around new technologies by continually investing in organic talent development,” TCS said in a BSE filing on Monday. Its attrition rate in IT services stood at 21.5 per cent during the September 2022 …

57% of IT Professionals Would not Consider Returning to IT Services Sector: Survey
2 years, 2 months ago

57% of IT Professionals Would not Consider Returning to IT Services Sector: Survey

News 18  

As many as 57 per cent of IT professionals claim that they would not consider returning to the IT services sector in the future in a recent survey ‘Talent Exodus Report’ released by tech staffing firm, TeamLease Digital. The survey reveals that employees’ preference has changed from salary to flexibility, career growth, and value proposition. Read | In World of …

India@75: IT sector’s historic rise since Independence to become a global powerhouse
2 years, 3 months ago

India@75: IT sector’s historic rise since Independence to become a global powerhouse

Firstpost  

Considering its fast growth pace, India is at the centre of global IT attraction with players betting big on the future of IT in India Technology has changed the way we communicate, pay bills, commute, interact with governance, and even the way we perceive entertainment. Our government’s flagship initiative, Digital India, has aided in spreading internet access in the remotest …

The growing appeal of gig workers to IT companies
2 years, 4 months ago

The growing appeal of gig workers to IT companies

Live Mint  

Some years ago, I wrote in IT Matters that we will see a fundamental shift in how services are delivered by information technology firms, where managing large employee pools would become passe. Service providers would also make the case that their firms were indeed a better place for client employees whose focus was IT since these resources wouldn’t be relegated …

TCS, Wipro, HCL chalk out plans to retain employees amid high attrition
2 years, 5 months ago

TCS, Wipro, HCL chalk out plans to retain employees amid high attrition

Live Mint  

The rising attrition rate has continued to be a big concern for the IT companies in India due to increased demand for technology talent. As per the regulatory filing to the stock exchanges, the attrition rate in the Indian IT services major Tata Consultancy Services was at 19.7% in the past 12 months. Here are some of the significant strategies …

How top Indian IT companies Infosys and TCS are fighting attrition
2 years, 6 months ago

How top Indian IT companies Infosys and TCS are fighting attrition

Live Mint  

Attrition rates have been high across IT companies through the last few quarters as demand for technology talent with digital skills continued to outstrip supply with increasing labor costs. “The companies have taken various measures such as offering competitive compensation, improving employee engagement, employee wellbeing, reskilling, and providing better opportunities to acquire and retain talent. Though attrition remained elevated, companies …

TCS sees fall in staff attrition, robust demand for IT services
2 years, 6 months ago

TCS sees fall in staff attrition, robust demand for IT services

Live Mint  

India's top software services exporter Tata Consultancy Services expects the rate of staff departures to fall and demand for its services to rise as companies continue with their pandemic-hastened digitisation processes, a company executive said. More tech talent is expected to enter the job market from startups facing funding crunches, as central banks withdraw stimulus and hike rates, TCS Asia …

IT Jobs in India: IT BPM Sector to Hire 3.75 Lakh Employees in FY22; Know Details
3 years ago

IT Jobs in India: IT BPM Sector to Hire 3.75 Lakh Employees in FY22; Know Details

News 18  

The Information Technology and Business Process Management sector is expected to see a hiring boom in 2021-22 amid increased investments as well as rapid growth of adoption in technology by enterprises across India. While full-time employment commands the volume, with 17 per cent growth it is contract staffing that will gain significantly from the positivity in the market, said the …

TCS Work From Home Ends: IT Firm to Gradually Open Offices from Next Week, Know Plan
3 years, 1 month ago

TCS Work From Home Ends: IT Firm to Gradually Open Offices from Next Week, Know Plan

News 18  

India is returning to normalcy after almost two years, with dipping Covid-19 cases, more vaccinations and opening up of different fronts. Along with schools, colleges and other work sectors, the IT sector, too, is gradually opening up by bringing its employees back to office — ending a months-long culture of working from home. In a statement to the Economic Times, …

India poised to achieve Services export target of USD 1 trillion by 2030: Piyush Goyal
3 years, 1 month ago

India poised to achieve Services export target of USD 1 trillion by 2030: Piyush Goyal

India TV News  

Terming the 'Services' sector as the key driver of India's economic growth, Union Minister Piyush Goyal on Tuesday said that India is poised to achieve the Services Export target of USD 1 trillion by 2030. Goyal while speaking at the ' Export PromServicesotion Council- Global Services Conclave 2021' at the national capital said, "Services sector provides employment to nearly 2.6 …

TCS adds over 7,000 employees in UK, now employs over 18,000 persons
3 years, 5 months ago

TCS adds over 7,000 employees in UK, now employs over 18,000 persons

India TV News  

India's largest IT firm Tata Consultancy Services on Wednesday said it has added over 7,000 employees in the UK, including 1,800 trainees over the past five years. "To support its growth, it has added more than 7,000 employees, including 1,800 trainees, over the last five years, making it among the top UK recruiters of IT services talent. "Our deep contextual …

Indian IT sector continues to be net hirer, top 5 IT cos to add over 96,000 employees: Nasscom
3 years, 6 months ago

Indian IT sector continues to be net hirer, top 5 IT cos to add over 96,000 employees: Nasscom

Live Mint  

IT industry body Nasscom on Thursday said the sector continues to be a net hirer of skilled talent, and the top 5 Indian IT companies are planning to add over 96,000 employees in 2021-22. The industry continues to be a net hirer of skilled talent, adding 1,38,000 people in FY2021," Nasscom said in a statement. "The industry is upskilling more …

‘IT sector will lead digital transformation wave’
3 years, 10 months ago

‘IT sector will lead digital transformation wave’

Live Mint  

The Indian information technology services sector has evolved over the last two decades from being a provider of talent and capabilities to partnering with clients in driving critical business decisions and digital transformation, top IT executives said. “Client expectation has changed over the years from driving operational efficiencies and cutting costs,” Thierry Delaporte, chief executive officer and managing director, Wipro …

Tata Consultancy Services to Recruit 1,500 Tech Staff in UK over Next Year
3 years, 10 months ago

Tata Consultancy Services to Recruit 1,500 Tech Staff in UK over Next Year

News 18  

India’s largest software services firm Tata Consultancy Services on Wednesday said it will recruit 1,500 technology employees across the UK over the next year. The announcement followed Monday’s meeting in Mumbai between visiting UK Trade Secretary Liz Truss and TCS CEO Rajesh Gopinathan. During the meeting, the two sides discussed TCS’ commitment to continue investing in the UK economy, innovation, …

53% Indian Firms Plan Hirings, 60% Set to Increase Salaries as IT Sector Leads Rebound
3 years, 11 months ago

53% Indian Firms Plan Hirings, 60% Set to Increase Salaries as IT Sector Leads Rebound

News 18  

With TCS piping Accenture to become the most valuable IT company in the world, India’s IT sector has successfully negated the naysayers. Now, according to according to professional recruitment services firm Michael Page India’s ‘Talent Trends 2021 Report’, 53 per cent of companies say they are planning to increase their headcounts in 2021. According to the report, India projects an …

Tata Consultancy Services to Recruit 40,000 from Campuses in FY22, Says CFO Ramakrishnan
3 years, 11 months ago

Tata Consultancy Services to Recruit 40,000 from Campuses in FY22, Says CFO Ramakrishnan

News 18  

India’s largest IT services provider Tata Consultancy Services said it would recruit 40,000 trainees from campuses in Financial year 2021-2022, after the firm reported its strongest results in the last nine years for the quarter ending December 2020. TCS CEO Rajesh Gopinathan said recently the company is confident about achieving a double-digit growth trajectory in FY22 “on the back of …

India’s IT and business services market to reach $13 billion by Dec 2020: IDC
4 years, 1 month ago

India’s IT and business services market to reach $13 billion by Dec 2020: IDC

Live Mint  

India's IT and business services market is expected to grow 5.4% annually to reach $13 billion by December this year, research firm IDC said. "During H1 2020, application hosting services and infrastructure hosting services continued to be higher growth markets on account of increasing adoption of cloud applications and cloud infrastructure," IDC said. "In H1 2020, the role of IT …

Indian IT Services Growth Set for Comeback in 2021, Pandemic to Fuel Digital Spends: Fitch Ratings
4 years, 2 months ago

Indian IT Services Growth Set for Comeback in 2021, Pandemic to Fuel Digital Spends: Fitch Ratings

News 18  

The Indian IT services sector is expected to return to high single-digit revenue growth in 2021-2022 galvanised by higher demand for digital transformation after a flattish 2020, according to Fitch Ratings. In a new report titled ‘Spotlight: Indian IT Services Sector’, Fitch said the impact of the coronavirus pandemic is seen to be only moderate and short term, as customers …

TCS CEO Rajesh Gopinathan has tips for job seekers in IT sector
4 years, 3 months ago

TCS CEO Rajesh Gopinathan has tips for job seekers in IT sector

Live Mint  

India's Information Technology sector will remain an attractive destination for job seekers in future, said Rajesh Gopinathan, chief executive officer, Tata Consultancy Services. In a live interaction with LinkedIn, Gopinath said "India’s IT sector employment potential will continue to be quite strong and will relatively keep growing in pace with where we see the opportunity." TCS CEO further added, "I …

Charting a New Path to Make India’s Services Sector Self-Reliant
4 years, 4 months ago

Charting a New Path to Make India’s Services Sector Self-Reliant

News 18  

The services sector is the lifeline for socio-economic growth of any country in the world. Renewed focus on skilling In order to make the services sector more self-reliant, it needs to be viewed as a serious and crucial cog in the bigger economic wheel of the country. Which is why, skilling, especially soft skilling becomes crucial in improving the quality …

India’s economy grew in Q1, but deep slump is expected
4 years, 6 months ago

India’s economy grew in Q1, but deep slump is expected

Al Jazeera  

Though Q1 GDP topped estimates, coronavirus lockdowns have economists betting that negative growth is on the cards. India’s economy grew at a faster pace than economists expected last quarter with a deeper slump likely to come after the nation of 1.3 billion people went into lockdown to contain the coronavirus outbreak. The strict stay-at-home restrictions imposed late March brought India’s …

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