Home ยป tcs
Tag:

tcs

Business

Now hiring: Specialists, not freshers

by Priya Shah โ€“ Business Editor
written by Priya Shah โ€“ Business Editor

India’s Top IT Firms Slash Fresher Hires Amid AI Shift

Demand for Specialists Surges as Automation Handles Entry-Level Tasks

India’s major IT corporations are significantly curtailing recruitment of fresh graduates, signaling a profound shift towards hiring seasoned domain specialists. This recalibration reflects persistent uncertainty in market demand and the increasing capability of artificial intelligence to manage foundational technical operations.

IT Sector’s Recruitment Strategy Evolves

The country’s top five IT services companiesโ€”TCS, Infosys, Wipro, HCLTech, and Tech Mahindraโ€”collectively onboarded a mere 4,787 new employees in the June quarter. This figure represents a stark contrast to previous years, with TCS leading new additions at 6,071. However, Infosys added only 210, while HCLTech, Wipro, and Tech Mahindra saw net employee reductions of 269, 114, and 1,111, respectively. This trend underscores the growing preference for experienced professionals possessing cross-functional, full-stack capabilities that can be integrated across diverse teams.

Dramatic Decline in Graduate Intake

The hiring numbers for the June quarter reveal a sharp downturn compared to the pandemic-influenced periods. In the June quarter of fiscal year 2021, the same group of companies recorded net additions of 53,652 employees. This figure dropped to 59,704 in FY2022-23 and then further to 21,838 in the June quarter of FY2023-24. The current contraction is largely driven by Wipro, Infosys, and Tech Mahindra.

โ€œTraditional metrics like net hiring and utilisation no longer reflect growth in the IT services industry. These numbers also carry social implications. In the context of AI and digital, there is an urgent need for India to reimagine its higher education system. We need to emphasise applied problem-solving, interdisciplinary thinking, creativity, and adaptability to remain relevant.โ€

โ€”Ramkumar Ramamoorthy, Partner at technology advisory firm Catalincs

AI and Cloud Drive Specialized Hiring

Industry analysts indicate that current hiring efforts are heavily concentrated in high-demand areas such as artificial intelligence, cloud computing, and cybersecurity. This specialized recruitment is primarily fueled by significant new contract wins. For context, the global IT services market is projected to grow to $1.5 trillion by 2027, according to Statista, indicating continued demand for skilled IT professionals in specific domains.

India’s top IT firms are prioritizing specialists over fresh graduates.
0 comments
0 FacebookTwitterPinterestEmail
World

Markets: Mid and smallcap earnings to outshine Nifty 50 despite valuation concerns: Manish Sonthalia

by Priya Shah โ€“ Business Editor
written by Priya Shah โ€“ Business Editor

here’s a breakdown of the key points from the provided text:

Market Outlook:

Positive Outlook: The speaker is generally optimistic about the market, believing it’s unlikely to “fall off a cliff.”
 Earnings Support: Earnings are expected to be around 22-23% for the broader market and 10-15% for small caps, providing a supportive base.
Liquidity and Cost of Capital: A “frontloaded dose of liquidity and cost of capital” will keep valuations “slightly elevated.”
 Price Inflation: The speaker anticipates “price inflation” due to RBI actions, which will support the market.
Overshooting Expected: Due to earnings support and RBI actions, the market is more likely to “overshoot” rather than undershoot or stay in equilibrium.

Sector-Specific Views:

Pharma:
The speaker has liked the pharma sector for some time.
 Overhang of 200% Tariff: The speaker dismisses the idea of a 200% tariff on pharma, stating it’s “not doable.” They beleive there’s a holiday on such tariffs for the next 1-1.5 years.
Impact of Tariffs: If a 200% tariff were to be passed on, it would be “extremely adverse” for the US healthcare sector, as generics are crucial to the US pharma industry.India-US Tariffs:

Market Reaction to Tariffs:
The market has digested tariffs up to around 10%.
 Any number between 10% and 15% would be positive for the markets.
A number around 26% would be taken very adversely.
 Anything more than 15%, in the vicinity of 20% or 26%, would be “negatively looked at by the market.”
Other Tariffs: The speaker also mentions the importance of whether 500% tariffs on oil imported from Russia will materialize.

Impact of Tariffs on US Macros:

Harmful to US Economy: The speaker believes tariffs are doing “more harm than good” to the US economy.
Inflationary: Tariffs will ultimately be paid by American consumers and will be “quiet inflationary.”
 US Dollar Pressure: The speaker suggests that tariffs are contributing to pressure on the US dollar, indicating it’s “headed on the downsi” (likely meaning downside).

0 comments
0 FacebookTwitterPinterestEmail
World

Content Writing Tips: Improve Your Skills & Productivity

by Priya Shah โ€“ Business Editor
written by Priya Shah โ€“ Business Editor
The Indian market extended losses for a second consecutive week on Friday, dragged down by concerns over a delayed U.S. trade deal and disappointing quarterly results from Tata Consultancy Services.

The Nifty 50 declined 1.22% to close at 25,149.85, while the BSE Sensex slipped 1.12% to 82,500.47 for the week. On the day, the Nifty shed 0.8%, closing at 25,149.85, while the Sensex was also down 0.8% at 82,500.47.


Here’s how analysts read the market pulse:

Table of Contents

The domestic market experienced a negative close due to a sober start to Q1 earnings season and a ramp-up in the tariff threat by the US to impose a 35% tariff on Canada, said Vinod Nair, Head of Research, Geojit Investments, adding that investors may continue to be focused on quarterly earnings for a buy-on-dips strategy.

โ€œHowever, in the near term, the current premium valuation and the global headwinds like low spending & tariff uncertainties may restrain new inflows. The IT index underperformed due to deferment in orders and new investments, which may impact FY26 earnings estimates,” said Nair.

Also read | 5 Wall Street moguls who dismissed Bitcoin as a fad โ€” Guess what theyโ€™re saying now!

US markets

Wall Street closed lower on Friday, dragged down by Meta Platforms and renewed trade tensions after former President Donald Trump escalated his tariff rhetoric against Canada. Trump announced plans to impose a 35% tariff on Canadian imports starting next month, along with blanket tariffs of 15โ€“20% on most other trade partners, stoking uncertainty around U.S. trade policy.
The S&P 500 slipped 0.33% to 6,259.75, while the Nasdaq shed 0.22% to 20,585.53. The Dow Jones Industrial Average fell the most among the three, dropping 0.63% to 44,371.51.


European Markets

European stocks ended lower on Friday, pressured by declines in banking and healthcare shares, as markets reacted to a turbulent week dominated by tariff threats from former U.S. President Donald Trump. Investor sentiment was further clouded by anticipation of a formal communication on levies from Trump to the European Union.The pan-European STOXX 600 fell 1%, snapping a four-day winning streak and recording its steepest single-day drop in over three months.


Tech View

The Nifty continues to remain weak as the index slipped below the previous swing low on the hourly chart, said Rupak De, Senior Technical Analyst at LKP Securities, adding that the index has fallen below the 21 EMA on the daily timeframe.

โ€œMomentum also remains weak in the short term, with the RSI in a negative crossover. However, after the recent decline, the index has approached the support of the 200-hourly moving average. A move above 25,150-25,160 in the initial trading hour could trigger a rally towards 25,250 and 25,400. On the downside, support is placed at 25,090 and 24,900,” said De.

Also read | Warren Buffettโ€™s biggest investment isnโ€™t Apple, BofA or Coca-Cola โ€” itโ€™s a stock hidden in plain sight

Most active stocks in terms of turnover

Glenmark Pharma (Rs 3,427 crore), Bharti Airtel (Rs 2,522 crore), TCS (Rs 2,516 crore), HUL (Rs 1,821 crore), Infosys (Rs 1,812 crore), BSE (Rs 1,710 crore) and HDFC Bank (Rs 1,244 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.


Most active stocks in volume terms

JP Power (Traded shares: 49.97 crore), Vodafone Idea (Traded shares: 34.18 crore), Sagility India (Traded shares: 6.94 crore), YES Bank (Traded shares: 4.32 crore), IREDA (Traded shares: 4.05 crore), NTPC Green Energy (Traded shares: 3.76 crore) and NMDC (Traded shares: 3.55 crore) were among the most actively traded stocks in volume terms on NSE.


Stocks showing buying interest

Shares of Glenmark Pharma, Netweb Technologies, Asahi India Glass, Piramal Enterprises, HUL, Anand Rathi Wealth and EID Parry were among the stocks that witnessed strong buying interest from market participants.

Also read | Ola, Paytm, Swiggy tumble up to 50% in 2025: Are your loss-making tech bets still worth it?

52 Week high

Over 133 stocks hit their 52 week highs today while 42 stocks slipped to their 52-week lows.


Stocks seeing selling pressure

Stocks which witnessed significant selling pressure were IREDA, ABB Power, Elecon Engineering, Metropolis Healthcare, BSE, BEML and Raymond Lifestyle.


Sentiment meter bearish

The market sentiments were bearish. Out of the 4,165 stocks that traded on the BSE on Friday, 2,516 stocks witnessed declines, 1,503 saw advances, while 146 stocks remained unchanged.

Also read | Eternal shares up 30% since March. Investors are feasting, but can Zomatoโ€™s parent justify the appetite?

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

0 comments
0 FacebookTwitterPinterestEmail
@2025 - All Right Reserved.

Hosted by Byohosting – Most Recommended Web Hosting – for complains, abuse, advertising contact: contact@world-today-news.com