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Indian IT firms face rising wage bills as demand for skilled professionals grows

Indian IT firms face rising wage bills as demand for skilled professionals grows

Jan 15, 2025, at 04:37 pm

New Delhi: As Indian IT companies experience higher revenue productivity amid slower workforce expansion, HCLTech CEO C Vijayakumar has underscored the sustained demand for skilled professionals, which will contribute to escalating wage costs, media reports said.

Mobile manufacturing investment under PLI scheme exceeds targets, says IT Secretary

Mobile manufacturing investment under PLI scheme exceeds targets, says IT Secretary

Sep 26, 2024, at 07:16 am

New Delhi: Investment and production in mobile phone manufacturing under the Production Linked Incentive (PLI) scheme have significantly surpassed expectations, according to Electronics and IT Secretary S. Krishnan, media reports said.

Hiring in the IT sector dropped by 21% in December 2023; AI job offers increase

Hiring in the IT sector dropped by 21% in December 2023; AI job offers increase

Jan 12, 2024, at 05:56 am

New Delhi: Hiring in the IT sector declined by 21% in December 2023 as against the same month of 2022 and by 4% as compared to the immediately preceding month of November 2023, revealed the Naukri JobSpeak Index.

Infosys decides to defer salary hikes of employees below senior management level: Report

Infosys decides to defer salary hikes of employees below senior management level: Report

Jul 13, 2023, at 05:40 am

Bengaluru: IT services company Infosys has decided to postpone salary hikes for employees below the senior management level, according to a report in Moneycontrol.

Amended PLI scheme for IT sector to produce 3 lakh jobs: Ashwini Viashnaw

Amended PLI scheme for IT sector to produce 3 lakh jobs: Ashwini Viashnaw

May 18, 2023, at 04:50 am

New Delhi: Union Minister Ashwini Vaishnaw on Wednesday said that the recently approved modified production-linked incentive scheme for IT hardware manufacturing is expected to create approximately 75,000 direct employment opportunities as well as three times as many indirect jobs.

'Don't support dual employment, we have let go of moonlighters': Infosys CEO Salil Parekh

'Don't support dual employment, we have let go of moonlighters': Infosys CEO Salil Parekh

Oct 15, 2022, at 04:19 am

India's second-largest IT services company Infosys said Thursday that it doesn't allow moonlighting and fired several employees for dual employment over the past 12 months, according to media reports.

Major impetus to IT sector: Centre eases 'work from anywhere' rules

Major impetus to IT sector: Centre eases 'work from anywhere' rules

Nov 07, 2020, at 05:44 am

New Delhi/IBNS: The government on Thursday relaxed the registration and compliance requirements for IT/ITeS/ BPO companies to carry out operations beyond their offices, allowing them to work from any location permanently.