After an extended lull, major IT companies are showing signs of increased hiring activity — the first such rise in 20 months. This and more in todays ETtech Top 5.
IT sector consultants said that the conversation for FY25 is still heavily focused on more dilution of the bench, increasing automation, improving efficiency and targeted hiring mostly in niche areas such as AI and GenAI amid continued macroeconomic uncertainty and hardly any signals of demand recovery yet.
Indias software exporters will end this financial year having hired between 70,000 and 80,000 fresh engineers — the lowest intake in over two decades — for the storied $245-billion industry, which is battling sliding global demand for technology services in the post-Covid era.
The Reserve Bank of India dealt Patym a severe blow, barring the listed fintechs payment bank from offering banking services after February. This and more in todays ETtech Morning Dispatch.