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Big revival of campus hiring! Infosys invites senior employees on panels for interviews in colleges; details here – The Times of India

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Big revival of campus hiring! Infosys invites senior employees on panels for interviews in colleges; details here – The Times of India


Major IT companies, including Tata Consultancy Services, Infosys and Wipro, had reduced both campus and lateral recruitment since Covid due to business deceleration. (AI image)

Infosys, India’s second largest IT services firm, is gearing up to recruit employees through campus hiring. Infosys has asked its senior staff members to participate in panel interviews at universities for recruitment purposes, marking a revival in campus hiring after two years.Major IT companies, including Tata Consultancy Services, Infosys and Wipro, had reduced both campus and lateral recruitment since Covid due to business deceleration. Infosys reported a significant reduction in fresher recruitment, hiring only 11,900 in FY24, down from 50,000 in the previous year.In FY25, the figure increased to 15,000, with the Bengaluru-based IT firm maintaining its fresher recruitment target of 15,000-20,000 through combined off and on-campus initiatives for the fiscal year ending March 2026.

Infosys campus hiring

These staff members will travel to educational institutions nationwide to recruit digital specialist engineers (DSE), sources familiar with the matter informed ET.For the first time, Infosys has sent a mass email communication to employees at managerial levels and above. According to the email quoted in the report, the Infosys representatives will evaluate candidates’ fundamental programming abilities and problem-solving capabilities required for entry-level DSE positions.Employees at job-level five (JL5) or higher positions who have served the company for at least one year and achieved a minimum performance rating of ‘met expectations’ are eligible to volunteer for these interview panels. The selected panellists will conduct face-to-face interviews at various campuses for positions across the company’s development centres in India.

Freshers hiring in IT sector

Freshers hiring in IT sector

According to a source, the emails to senior staff indicated Infosys’s commitment to interviewing numerous students during the upcoming campus recruitment period, scheduled between October and November end. The organisation had previously conducted virtual interviews during the Covid pandemic.The fresh graduate recruitment follows Infosys’s decision to terminate approximately 800 trainees from the 2022 cohort since February, due to their inability to pass internal evaluations.As a component of the current campus recruitment strategy, Infosys plans to organise on-site evaluation processes including aptitude assessment, group interaction, technical interview, managerial discussion and HR consultation. The initial four stages will be conducted at various tier-2 and -3 engineering institutions. Students from diverse disciplines including electrical, electronics, telecom, computer science, information technology, civil and mechanical will participate in this process.“In reputed colleges, we will get up to 1,000 students from all branches. We interview students in the seventh semester as those found fit will have to head for training at the global education centre at Mysuru campus after the eighth semester,” a person familiar with the process was quoted as saying.These positions are designated for freshers who join as trainees. Their permanent employment status depends on successfully finishing the training programme at Mysuru.In June, Infosys implemented an incentive scheme for senior staff members, providing monetary benefits for conducting lateral recruitment interviews.

TCS has campus hiring plans too

Despite TCS announcing layoffs of over 2% (approximately 12,000) at senior and mid-level positions, the Tata Group enterprise and three other leading IT companies collectively aim to recruit more than 70,000 graduates in FY26, suggesting improved employment prospects for new graduates, the ET report said.Campus recruitment continues whilst the $283 billion IT outsourcing sector experiences AI-driven transformation. Organisations are prioritising AI-native and specialised competencies for new appointments whilst focusing on reskilling and upskilling their current workforce.





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D-St blues! Sensex sheds 1.5K, biggest drop on a Budget day – The Times of India

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D-St blues! Sensex sheds 1.5K, biggest drop on a Budget day – The Times of India


Of 30 Index Stocks, 26 Close In Red

At a time when global markets are witnessing high volatility due to geopolitical uncertainties, the hike in securities transaction tax (STT) on derivatives trades hit investor sentiment on Dalal Street on the Budget day. This in turn led to a sharp sell-off that pulled the sensex down by nearly 1,500 points—its biggest points loss on a Budget day—to close at 80,773 points. The sell-off also left investors poorer by Rs 9.4 lakh crore, the biggest Budget day loss in BSE’s market capitalisation.The day’s trading was marked by high volatility. The sensex rallied over 400 points as FM started her speech, fell about 1,100 points after the STT hike proposal was announced, partially recovered by mid-session to trade 600 points down on the day and then sold-off to close below the 81K mark for the first time in four months.On the NSE, Nifty too treaded a similar path to close 495 points (2%) lower at 24,825 points. Fund managers and market players feel the day’s sell-off was overdone, compounded by the absence of most institutional players since it was a Sunday. “The market’s reaction (to the hike in STT rates) was a bit overdone, although the decision itself was unexpected,” said Taher Badshah, President & Chief Investment Officer, Invesco Mutual Fund. “I think markets should settle down in 2-3 days.” Badshah said the Budget was in line with govt’s set path of the past few years, showing a conservative approach to setting targets.“The revenue and expenditure targets for FY27 are achievable. And since the rate of inflation is lower now, the nominal GDP growth rate of 10% may turn out to be on the higher side as inflation normalises during the year,” the top fund manager said. In Sunday’s market, of the 30 sensex stocks, 26 closed in the red. Among index constituents, Reliance Industries, SBI and ICICI Bank contributed the most to the day’s loss. Buying in software services majors Infosys and TCS cushioned the slide. In all, 2,444 stocks closed in the red compared to 1,699 that closed in the green, BSE data showed.STT hike aimed at curbing F&O speculation The decision to raise securities transaction tax (STT) for trading in equity derivatives means trading futures & options (F&O) will be more expensive from April 1. STT on futures trading rises from 0.02% to 0.05% now, and on options premium and exercise of options to 0.15% from 0.1% and 0.125% respectively. This could more than double statutory costs of trading F&O contracts.While the move is to curb excessive speculation by retail traders who mostly suffer losses, investors sold stocks of those companies that derive a large portion of their turnover from this segment. Stock price of Angel One crashed nearly 9%, BSE crashed 8.1%, Billionbrains Garage Ventures that runs the Groww trading platform, lost 5.1% and Nuvama Wealth Management lost 7.3%. STT hike follows a Sebi survey that showed that 91% of the retail investors lost money in the F&O market with average loss per investor surpassing Rs 1 lakh per year. Institutional and some high net worth players took home most of the profits from the segment.18% GST on brokerage for FPIs removedThe Budget proposed to do away with 18% GST charged on the brokerage that foreign portfolio investors pay in India. Among the host of changes to the GST laws that the finance minister proposed, one was abolishing clause (b) of sub-section (8) of section 13 of the Integrated Goods and Services Tax Act, 2017. This is being “omitted so as to provide that the place of supply for ‘intermediary services’ will be determined as per the default provision under section 13(2) of the IGST Act,” the Budget proposal said.



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Buying property from NRIs? Time to lose the TAN – The Times of India

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Buying property from NRIs? Time to lose the TAN – The Times of India


Buying property from an NRI? Worried about obtaining TAN? Not anymore. To relax the compliance burden, the Budget has proposed that resident individuals and HUFs need not have a Tax Deduction and Collection Account Number (TAN) if they are purchasing a property from a non-resident Indian (NRI). The amendment will take effect from Oct 1, 2026.Under the proposed framework, resident individuals or HUFs can report the tax deducted at source (TDS) by quoting PAN, as is done when the transactions are between two residents. Presently, if a person buys an immovable property from a resident seller, the person is not required to obtain TAN to deduct tax at source. However, where the seller of the immovable property is a non-resident, the buyer is required to obtain TAN to deduct tax at source.Ameet Patel, partner at Manohar Chowdhry & Associates, said this used to be a detailed process. “At present, if a resident were to purchase an immovable property from an NRI, there is no separate relaxation regarding compliance with TDS responsibilities. As a result, in such cases, the buyer needs to obtain a TAN, register on the portal, and then deduct TDS u/s. 195, and pay to the govt. Under section 195, as with all other regular TDS sections, a quarterly e-TDS statement is required. A buyer would need professional help for all this.”Hinesh Doshi, CA, welcomed the move. “There used to be an unnecessary compliance burden due to this. While the process to obtain TAN is simple, people used to obtain TAN for just one transaction. So, this is a good riddance.”



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Harry Styles and Anthony Joshua among UK’s top tax payers

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Harry Styles and Anthony Joshua among UK’s top tax payers



The former One Direction member-turned-solo artist appears on the Sunday Times list for the first time.



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