Infosys Share Price Live Updates: Infosys Closes at Rs 1460.3
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Economic Times
2 hours ago
- Economic Times
Muted IT hiring to focus on skill-driven freshers
iStock Despite soft peddling on hiring mid and senior level employees, software services firms are set to hire cautiously with a focus on skill-driven freshers that is estimated to grow 3-5% compared to the first half (H1) of the year, recruitment experts said. A large part of the new hiring is likely to be focused around junior and entry level positions driven by lesser employee expenses and a steeper learning curve. 'Hiring may remain muted in H2 unless there is a clear uptick in client spending. Lateral hiring will be need-based, while fresh hiring could be calibrated to future deal visibility. Overall, H2 may see 3–5% hiring growth compared to H1, driven largely by demand for AI, cloud, and platform roles,' said Neeti Sharma, chief executive officer at mass staffing firm Teamlease Digital. Sharma said the hiring is concentrated at junior and niche mid-levels with in-demand skills. While the ongoing trade and macro uncertainties have slowed down business demand with cumulative workforce additions by top five IT firms - Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro and Tech Mahindra – shrinking to below 5,000 in the April-June quarter. While overall net additions have been on the decline for the past four years from over 53,000 employees added in FY21, stronger deal momentum amid hopes of clarity on tariff policy in the second half of the year, and the need for specialised skills is making outsourcing firms optimistic about recruitment of freshers. For the full fiscal year that ends in March 2026, TCS and Wipro have continued to maintain fresher hiring targets of up to 40,000 and 12,000, respectively. Neck-to-neck rivals Cognizant – Indian-origin US-headquartered – and homegrown Infosys aim to hire 15,000-20,000 freshers each. Cognizant has over 70% of its employee base in India. This comes on the back of strong deal bookings expected to convert into execution sooner than later. For now, experts are unanimous that most IT services companies are focused on optimising costs, improving utilisation, and recalibrating talent for future-ready roles. Peer companies are not expected to follow suit expansively with TCS' July decision to lay off 2% of its employees – around 12,000 there are visible fissures of the slowing or deferred business impact.'Over the next couple of quarters, we expect a measured approach rather than a widespread wave of retrenchments. Hiring is concentrated at the entry level, a strategic move to manage costs and invest in future talent. Companies are equipping freshers with new-age skills through robust training programs,' said Aditya Narayan Mishra, MD & CEO of mass recruitment firm CIEL Sharma added that restructuring is 'more visible at mid to senior levels, especially in roles with lower billability, overlap due to M&A, or outdated tech stacks.'Mishra anticipates a slight uptick in hiring activity in H2, particularly in high-demand skill areas like AI/ML, cybersecurity, cloud engineering, and digital consulting.'With many AI pilots underway, companies will begin identifying the real ROI (return on investment) and start hiring talent that can scale viable projects. However, the growth will be selective and skills-led, not volume-driven,' Mishra said.A Randstad Digital 'India Talent Insights Report 2025' report by showed that AI and ML roles alone saw a 39% demand surge in 2024 despite overall IT hiring declining by 7% due to macroeconomic pressures and global points to a sustained shift that will continue over the next 12–18 months.'Tier-2 cities are gaining momentum, with locations like Chandigarh and Coimbatore leading growth in junior and mid-level IT hiring—driven largely by GCC expansion and distributed workforce models. We expect selective hiring in niche areas, a focus on outcome-based talent, and growing demand for AI-led transformation skills,' the report said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. IndiGo's GIFT City unit: Simple expansion or is there more to it than meets the eye? GST cut to benefit; but who gains the most? Good, bad, ugly: How will higher ethanol in petrol play out for you? Why are mid-cap stocks fizzling out? It's not just about Trump tariffs. Stock Radar: This hotel stock is showing signs of bottoming out; time to buy? Logistics sector: Be tactical in the face of head & tailwinds; 6 logistics stocks with an upside potential of over 30% Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 25% in 1 year History of wealth creators: Everything should be in context, whether it is PE or PEG; on a standalone basis they mean nothing
Time of India
3 hours ago
- Time of India
Muted IT hiring to focus on skill-driven freshers
Academy Empower your mind, elevate your skills ETtech Despite soft peddling on hiring mid and senior level employees, software services firms are set to hire cautiously with a focus on skill-driven freshers that is estimated to grow 3-5% compared to the first half (H1) of the year, recruitment experts said.A large part of the new hiring is likely to be focused around junior and entry level positions driven by lesser employee expenses and a steeper learning curve.'Hiring may remain muted in H2 unless there is a clear uptick in client spending. Lateral hiring will be need-based, while fresh hiring could be calibrated to future deal visibility. Overall, H2 may see 3–5% hiring growth compared to H1, driven largely by demand for AI, cloud, and platform roles,' said Neeti Sharma, chief executive officer at mass staffing firm Teamlease said the hiring is concentrated at junior and niche mid-levels with in-demand the ongoing trade and macro uncertainties have slowed down business demand with cumulative workforce additions by top five IT firms - Tata Consultancy Services (TCS), Infosys , HCLTech, Wipro and Tech Mahindra – shrinking to below 5,000 in the April-June overall net additions have been on the decline for the past four years from over 53,000 employees added in FY21, stronger deal momentum amid hopes of clarity on tariff policy in the second half of the year, and the need for specialised skills is making outsourcing firms optimistic about recruitment of the full fiscal year that ends in March 2026, TCS and Wipro have continued to maintain fresher hiring targets of up to 40,000 and 12,000, respectively. Neck-to-neck rivals Cognizant – Indian-origin US-headquartered – and homegrown Infosys aim to hire 15,000-20,000 freshers each. Cognizant has over 70% of its employee base in comes on the back of strong deal bookings expected to convert into execution sooner than later. For now, experts are unanimous that most IT services companies are focused on optimising costs, improving utilisation, and recalibrating talent for future-ready companies are not expected to follow suit expansively with TCS' July decision to lay off 2% of its employees – around 12,000 there are visible fissures of the slowing or deferred business impact.'Over the next couple of quarters, we expect a measured approach rather than a widespread wave of retrenchments. Hiring is concentrated at the entry level, a strategic move to manage costs and invest in future talent. Companies are equipping freshers with new-age skills through robust training programs,' said Aditya Narayan Mishra, MD & CEO of mass recruitment firm CIEL Sharma added that restructuring is 'more visible at mid to senior levels, especially in roles with lower billability, overlap due to M&A, or outdated tech stacks.'Mishra anticipates a slight uptick in hiring activity in H2, particularly in high-demand skill areas like AI/ML, cybersecurity, cloud engineering, and digital consulting.'With many AI pilots underway, companies will begin identifying the real ROI (return on investment) and start hiring talent that can scale viable projects. However, the growth will be selective and skills-led, not volume-driven,' Mishra said.A Randstad Digital 'India Talent Insights Report 2025' report by showed that AI and ML roles alone saw a 39% demand surge in 2024 despite overall IT hiring declining by 7% due to macroeconomic pressures and global points to a sustained shift that will continue over the next 12–18 months.'Tier-2 cities are gaining momentum, with locations like Chandigarh and Coimbatore leading growth in junior and mid-level IT hiring—driven largely by GCC expansion and distributed workforce models. We expect selective hiring in niche areas, a focus on outcome-based talent, and growing demand for AI-led transformation skills,' the report said.
Indian Express
19 hours ago
- Indian Express
Stocks to Watch on Monday, August 18: Infosys, Indian Oil, Ashok Leyland, Hindustan Copper and more
Stocks to Watch: Shares of several companies will remain in focus on Monday (August 18) including Infosys, Indian Oil, Ashok Leyland, Hindustan Copper, Vodafone Idea, etc. On Thursday (August 14), the benchmark stock indices Sensex and Nifty ended flat in a highly volatile trade. The 30-share BSE Sensex climbed 57.75 points or 0.07 per cent to settle at 80,597.66. The 50-share NSE Nifty rose by 11.95 points or 0.05 per cent to 24,631.30. IT company Infosys plans to acquire 75 per cent stake in Versent Group, a wholly-owned subsidiary of Australian telecom firm Telstra, for 233.25 million Australian dollars or about Rs 1,336 crore, the company said in a regulatory filing. The acquisition is part of strategic collaboration between Infosys and Telstra to form a joint venture to provide AI-enabled cloud and digital solutions for Australian businesses. State-owned Indian Oil Corporation Ltd (IOC) on Thursday reported more than doubling of its first quarter net profit, as marketing margins surged because of holding of retail prices despite a drop in input oil cost. Its standalone net profit of Rs 5,688.60 crore in April-June – the first quarter of the 2025-26 fiscal year – compared to Rs 2,643.18 crore earnings in the same period of the last year, according to a stock exchange filing by the company. The first quarter profit is nearly half of the company's full 2024-25 (April 2024 to March 2025) fiscal year earnings of Rs 12,961.57 crore. Amara Raja Energy & Mobility Ltd reported a 33 per cent decline in consolidated profit after tax at Rs 164.8 crore in the first quarter ended June 30, 2025, impacted by higher expenses. The company had posted a consolidated Profit After Tax (PAT) of Rs 249.12 crore in the corresponding period of last fiscal, Amara Raja Energy & Mobility Ltd said in a regulatory filing. Ashok Leyland reported a 19.44 per cent rise in consolidated net profit at Rs 657.72 crore in the first quarter ended June 30, 2025, riding on record volumes. The company had posted a consolidated net profit of Rs 550.65 crore in the corresponding period of the last fiscal, Ashok Leyland said in a regulatory filing. State-owned Hindustan Copper on Thursday posted an over 18 per cent rise in consolidated net profit to Rs 134.28 crore in the June quarter of FY26, supported by higher revenues. The company, which is engaged in copper ore mining, had logged a net profit of Rs 113.40 crore in the April-June period of preceding 2024-25 financial year. According to an exchange filing, Hindustan Copper's total income rose to Rs 526.65 crore in the first quarter from Rs 500.44 crore in the same period a year ago. Inox Wind's consolidated net profit more than doubled to Rs 97.34 crore in the June quarter compared to the year-ago period, mainly due to higher revenues. It had posted a consolidated net profit of Rs 41.59 crore in the year-ago period, a BSE filing showed. Glenmark Pharmaceuticals Ltd reported an 86 per cent drop in consolidated profit after tax to Rs 46.97 crore in the first quarter ended June 30, 2025, impacted by a provision for settling a litigation in the US. The company had posted a consolidated profit after tax (PAT) of Rs 340.24 crore in the corresponding period of the last fiscal, Glenmark Pharmaceuticals Ltd said in a regulatory filing. Vodafone Idea reported widening of its consolidated loss to Rs 6,608 crore in the first quarter ended June 30, 2025, mainly on account of an increase in finance cost. The company had posted a loss of Rs 6,426.7 crore in the same period a year ago, according to an exchange filing. IRB Infrastructure posted an over 45 per cent year-on-year (y-o-y) rise in consolidated net profit to Rs 202.4 crore in the June quarter of FY26, supported by higher revenues. The company had logged a net profit of Rs 139.9 crore in the April-June period of the 2024-25 financial year. According to an exchange filing, its total income rose to Rs 2,164.5 crore in the first quarter from Rs 1,971.6 crore in the same period a year ago. (With inputs from PTI)
