India s demographic dividend and large talent pool are attracting global capability centres (GCCs) to the country, leading to an increased demand for leadership roles. India is projected to have 1,900 GCCs by 2025, with the market size expected to reach $110 billion.
After startups and Big Tech, the layoff season may have begun at the $245 billion Indian information-technology (IT) industry.
Bengaluru-based IT major Wipro is looking to cut hundreds of jobs, targeting mid-level employees working onsite as the company looks to improve margins, according to a media report, citing two sources.
The company has said it is aligning its business and talent to the changing market environment.
The sudden rise in active job seekers is seen as the compound effect of two major events: Paytm laying off 1,000 employees due to AI automation and RBI restricting PPBL from offering almost all major banking services.
The industry on Thursday hailed the government's push towards 'green growth' with a new scheme of bio-manufacturing and bio-foundry that will foster sustainable mobility.Government said that such steps will provide environment-friendly .
Industry Hails Govt Push For 'Green Growth', Sustainable Mobility menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.