Azim Premji and his family claimed the 9th spot in the top 10 richest Indians list with a wealth of Rs 1,90,700 crore. India’s billionaire population has surged, adding one every five days in the last year, according to the Hurun India Rich List 2024. The country now boasts a total of 334 billionaires. The…
Infosys added 2,456 employees during the second quarter of fiscal year 2025, the company announced at its earnings call yesterday. Infosys total headcount was 3,17,788 at the end of September. Infosys added 2,456 employees during the second quarter of fiscal year 2025 (July-September), reversing a six-quarter hiring decline. The headcount was 3,15,332 in the previous…
The board of Infosys has declared an interim dividend of Rs 21 per share. Infosys Q2 results: Infosys, India’s second-largest software exporter, announced a 5% increase in its consolidated net profit for the second quarter, reaching Rs 6,506 crore compared to Rs 6,212 crore in the same period last year. The company has also revised…
Representative image Jewellery brand Giva on Monday announced the closure of its extended series B funding round raising Rs 225 crore led by Premji Invest with new investors Epiq Capital, Edelweiss Discover Fund, and the company’s top management joining the round. The round consisted of 35% primary investment and 65% secondary transaction, enabling a partial…
India’s IT sector is reportedly gearing up for a significant increase in campus hiring this fiscal year. According to a report in Economic Times, quoted industry experts, IT campus hiring is expected to surge 20-25% this fiscal, backed by growing demand for talent in AI, cybersecurity, cloud computing, and data analytics. After a slowdown in…
Infosys aims to prevent fraudulent recruitment practices and enhance the hiring experience for candidates. Infosys, one of India’s leading software services companies, has implemented a new hiring process that eliminates the practice of sending job offer letters and attachments to new recruits via email. Instead, the company now requires candidates, including both freshers and laterals,…
Oil prices surged and major stock markets retreated on Thursday, October 3, as investors grappled with escalating tensions in the Middle East. Brent crude topped $77 per barrel, while WTI flirted with $74, both rising over 5% before paring some gains.The Dow and S&P 500 declined in New York, while the Nasdaq gained. European markets…
<p>The Indian IT industry experienced a turning point in the June quarter, with several companies reporting net headcount additions. (AI image) <br></p> Indian IT sector to see hiring revival: The IT services sector is poised for a significant resurgence in fresher hiring this year, with estimates suggesting a nearly twofold increase in entry-level recruitment compared…
Wipro has become the latest Indian IT company to implement a strict work-from-office policy, tying the employees’ work from home shifts to their leaves. As per a report, the Bengaluru-based tech major sent an email to its staff asking them to attend office at least three days in a week or risk losing the day’s…
Infosys onboarding delay: After a complaint by the IT union Nascent Information Technology Employees Senate (NITES) to the Ministry of Labour and Employment regarding the delayed onboarding of over 2,000 candidates by Infosys, the Labour Ministry has directed the Karnataka State Labour Commissioner’s Office to take appropriate action under the relevant labour laws. According to…
