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Top global IT firms halt hiring in India
Experts believe that things unlikely to change in this respect during the second half of FY24
Revenue leakage a big worrisome factor for IT cos
Revenue addition coming from new projects not able to compensate for the loss of volume arising from existing projects as many existing projects are...
Headcount shrinking at top IT cos in India
Involuntary attrition, no backfilling leading to fall in employee count
IT consulting biz feeling heat of lower spend now
Discretionary spend likely to remain subdued, putting pressure on digital deal flows
Days of hefty pay hikes for techies over
Further, some IT firms may skip appraisal all together given the pressure on margin, low demand and high wage cost
Most valuable Indian brands hit by supply chain challenges
Top brands have effectively bounced back post-Covid to retain value
India's top 10 companies' profit in FY23
According to Ace Equity Data, the top 10 Indian companies made Rs 3,56,652 crore in 2023.
Highly paid IT execs averse to job change
2nd, 3rd level leaders with over Rs1-cr salary reluctant to change jobs; Hiring activity likely to remain subdued for next 2 qtrs
