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Indian Tech Industry Anticipates To Add 60,000 New Jobs In FY24 Vs 2.7 Lakh In FY23: Nasscom Report

The tech industry is gearing up to usher in a wave of 60,000 new jobs during the upcoming financial year of 2023-24, a significant drop from the 2.7 lakh jobs created in the previous fiscal year. This adjustment comes against the ...

Indian IT Revenues Grow Fastest In A Decade To USD 227 Billion In Pandemic Hit FY22

India's information technology sector is set to become a USD 227 billion industry in FY'22, registering a 15.5 per cent growth, industry body Nasscom said on Tuesday. The 15.5 per cent growth is the highest in over a decade ...

Nasscom Advises E-Comm Laws To Be Rationalised Based on Activities, Limit Fallback Liability To Timely Refund

Rationalising obligations in line with activities of relevant entities, and limiting fallback liability of online retailers to ensuring timely refund to consumers are among the recommendations suggested by Nasscom to the proposed e-commerce rules. The IT industry body on Friday said ...

NASSCOM Clarifies On Job Losses In IT Industry, Says Losses Are Incorrect

In view of some recent news reports based on a talking about the apparent job losses in the Indian IT/BPM industry, NASSCOM in a recent release has decided to clarify and put things in perspective around hiring and job creation in ...

30-40% Start-ups Have Halted Operations Or Are Closing Down: NASSCOM

Around 30 to 40 per cent of Start-ups have either halted their operations or are in the process of closing down, a report by NASSCOM has stated. About 34 per cent of start-ups are suffering revenue decline of over 80 per ...

IT Industry To Hire 1.5 Lakh Employees This Year: Nasscom Chairman

There looms economic slowdown fears and while job losses have been reported for auto, FMCG space, Indian IT space is expected to be net hirer and only those skills which now remain no longer relevant, may see a pink slip coming ...

Over 1,000 Tech Startups Added In 2017: Nasscom

The country has seen an addition of over 1,000 startups this year, strengthening its position as the third largest startup ecosystem across the world, amidst intensifying competition from countries like UK and Israel. This takes the total number of technology startups ...

Re-Skill Or Perish: Nasscom To India's Techies

Nasscom refuted reports of mass layoffs in the IT sector saying the industry will hire about 1.5 lakh people this year on "net" basis although techies will have to re-skill themselves to stay relevant. Over the past few weeks, there have ...

No Mass Layoffs By Indian IT Companies: Nasscom

Industry body Nasscom on Friday sought to allay fears of mass layoffs in the Indian IT sector and claimed the industry continues to be a "net hirer" with over 1.5 lakh people being employed on net basis every year. Stating that ...

Suspension On Expedited H-1B Visa To Affect IT Companies: Nasscom

Industry body Nasscom said that US' decision to temporarily suspend the expedited premium processing of H-1B visas will lead to process delays for Indian IT firms too. However, Nasscom feels that the move will not be a "significant impediment" for the ...

Infosys falls as UBS downgrades stock to “Sell”

Foreign brokerage firm, UBS has downgraded the Infosys stock to "sell" from "buy" and cut its target price to Rs 2,750 from Rs 4,050, a Reuters report has stated. UBS has said that it expects the next wave of growth ...

Infosys stock hits 6 month low as institutions sell following Q4 results

After jumping as much as four per cent following its results on Tuesday, the stock of Infosys gave up almost all of the gains on Tuesday and has now fallen by almost 3 per cent in trade today. The stocks ...

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