Hiring of freshers by IT companies likely to go off-campus in FY25
Business Standard|August 01, 2024
On the campuses of India's engineering colleges, the usual buzz of anticipation is noticeably tempered this year.
SHIVANI SHINDE & ASHUTOSH MISHRA
Hiring of freshers by IT companies likely to go off-campus in FY25

Although the top four IT services players-Tata Consultancy Services (TCS), Infosys, Wipro, and HCLTechhave announced their 2024-25 plans to embark on the campus recruitment trail, there is a sense of restraint compared to the bustling hiring seasons of the past.

There is a shift in hiring trends, according to human resource (HR) experts, suggesting a lean towards the off-campus recruitment season.

Business Standard's conversations with several colleges reveal that while IT firms have expressed interest in campus recruitment, many are yet to commit to specific timelines for their visits.

Still, according to HR experts, 202425 appears to be more promising than the last. According to estimates from Xpheno, a staffing consultancy, the IT sector's campus intake may range between 100,000 and 120,000, significantly higher than the sub70,000 figure recorded last year.

The engineering campus hiring season typically stretches from July to September, with off-campus recruitment commencing as late as December and extending into March.

Bu hikaye Business Standard dergisinin August 01, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Business Standard dergisinin August 01, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

BUSINESS STANDARD DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
FY25 as weak-earnings year is gradually getting priced in
Business Standard

FY25 as weak-earnings year is gradually getting priced in

Even as many blame record foreign portfolio outflows for the market downturn, the real culprit is weak earnings amid rich valuations, says GAUTAM CHHAOCHHARIA, head of global markets, India, UBS. In an interview with Samie Modak in Mumbai ahead of the UBS India Summit, Chhaochharia highlights that 2024-25 (FY25) weak earnings growth is now factoring into market expectations. Investors are shifting their focus to the actions of the Reserve Bank of India (RBI) and the central government, as well as the outcome of upcoming state elections. Edited excerpts:

time-read
2 dak  |
November 12, 2024
Business Standard

Non-disclosure of foreign property invites ₹10 lakh penalty per yr

Many high-net-worth individuals who allegedly own undeclared properties in Dubai have received notices from the tax office.

time-read
2 dak  |
November 12, 2024
Modest increase in SBI share price after Q2
Business Standard

Modest increase in SBI share price after Q2

Brokerages positively revise their earnings forecasts, maintain target price

time-read
1 min  |
November 12, 2024
Strong growth, margin metrics could support LIC's valuations
Business Standard

Strong growth, margin metrics could support LIC's valuations

In the September quarter (Q2FY25), LIC reported net premium income of ₹1.2 trillion, up 12 per cent year-on-year (Y-o-Y).

time-read
2 dak  |
November 12, 2024
Business Standard

Mkts settle flat on FPI selling

Benchmark stock indices Sensex and Nifty closed flat in highly volatile trade on Monday as continuous foreign portfolio investors (FPI) selling, disappointing quarterly earnings and weak trends from Asian markets dented investor sentiment.

time-read
1 min  |
November 12, 2024
Rising retail ownership to spur equity cult in India: Morgan Stanley
Business Standard

Rising retail ownership to spur equity cult in India: Morgan Stanley

Retail investors have become a force to reckon with as their ownership of Indian equities has risen by 800 basis points or 8 per cent to 23.4 per cent in the last 10 years, suggests a recent note from Morgan Stanley.

time-read
2 dak  |
November 12, 2024
China wrests MSCI EM IMI top spot from India
Business Standard

China wrests MSCI EM IMI top spot from India

Change in the pecking order comes amid a sharp rally in Chinese equities

time-read
3 dak  |
November 12, 2024
HAVING A TRUCK WITH LNG
Business Standard

HAVING A TRUCK WITH LNG

Things are changing rapidly with the entry of the private sector, but the path of LNG trucks in India is strewn with rocks

time-read
4 dak  |
November 12, 2024
Accounting for climate finance
Business Standard

Accounting for climate finance

The climate negotiations meeting of the Conference of Parties signatory to the convention, COP29, at Baku, Azerbaijan, where most nations of the world have gathered currently, shall deal with various concerns relating to climate change.

time-read
3 dak  |
November 12, 2024
Business Standard

Re-examine trade pacts

India must consider entering CPTPP, RCEP

time-read
2 dak  |
November 12, 2024