Rise in diversity ratio of IT services majors also crawled down to negligible levels after the pandemic in spite of an increase in absolute numbers
In an environment of high interest rates, the domestic IT sector has been grappling with weak demand from clients in major markets like the US and Eur
Analysts say they anticipate a turnaround based on the uptick in demand and management interpretation of the same
IT sector is facing global headwinds and has seen a decline in the number of hiring in the last few months.
Revenue from the IT services industry is expected to touch $22.41 billion by the end of the year and expand at 13.97% compounded annual growth rate, t
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HCL Tech was the top gainer in the Sensex pack, rising around 3 per cent, followed by Tech Mahindra, Tata Steel, Wipro, NTPC and Titan
Infosys had increased its fresher hiring target for this year from 35,000 (planned target three months ago) to 45,000
Tata Consultancy Services, Infosys, Wipro, and HCL Technologies are the four IT giants likely to together hire around 60,000 women from campuses.
Some respite may come later in the day as Union Finance Minister Nirmala Sitharaman announced the much-awaited fiscal package to revive the economy.