Non-bank PSPs have been authorised to access the NEFT, RTGS by RBI. The PSPs will be eligible to participate in CPS as direct members in the first phase. Risk or delay of fund transfer will also be avoided and customer data will be protected since non-banks can do transactions themselves. A new IFSC will be allocated to such non-banks and a current account will be opened with RBI in its core banking system.
Tredence, over the next 12 months, is looking to employ 1,000 analytics and engineering professionals. The company will hire in the domains of data analysts, business analysts, data engineers, data scientists, data product owners, cloud platform developers, and technical architects, etc. In the last seven months, the company has hired 500+ employees taking the total workforce count to over 1000 globally.
Infosys, TCS, and Wipro have collectively added 40,887 to their workforce in the Q1 of the fiscal year 2021. TCS hired 20,000+ people, while Infosys and Wipro hired 8,000 and 12,000 people respectively. Infosys’ voluntary attrition increased to 13.9% from 10.9% in the previous quarter so they hired to fill attrition and meet the new demand. TCS has announced its plans to hire 40,000 freshers while Infosys is committed to hiring 35,000 and Wipro will hire 12,000.
LinkedIn’s survey found out that the employment rate has recovered from 10% in April to 35% in May but working women and young professionals still remain vulnerable. Working women, according to the survey, are four times less confident than their male counterparts about getting a job. The survey also shows that the Indian workforce has slowly reached its burnout point. Almost 90% of companies are merging roles and looking to fill vacancies internally.
Swiss financial firm Credit Suisse will hire 1,000 techies in India as it plans to establish a technology hub in the country. Most professional engineers and developers are expected to be skilled in cybersecurity, data analytics, cloud computing, API, ML, and AI. One of four tech professionals of Credit Suisse is based out in India, largest globally. The Swiss firm has hired 2000+ IT employees in the last three years.
HCL technologies have increased their investment in the UK to strengthen the Indo-UK bond. The Noida, India headquartered company plans to hire 1,000 fresh techies for the role of digital transformation, cloud, AI, and cybersecurity. HCL has also welcomed UK’s aid to India amidst the Covid-19 crisis. The tech firm has over 3500 employees in the UK who support over 50 clients in the country. It is among the top employer in the UK for the 15th time in a row.
Cognizant India released a statement on Thursday saying they made over 28,000 campus offers to young talent across the country. This is a step towards meeting the growing demand for digital products and solutions from clients. Cognizant has projected a 7-9% growth in revenue this year. With the highest campus acceptance rate in the country at 81%, Cognizant remains very confident in standing as a magnet for skilled talent and a great place to build a career.
Hiring declined by 15% in April, as Naukri Jobspeak Index fell to 2,072 from 2,436 a month earlier, amid a rising second wave of the pandemic. The numbers are still better than April 2020 that saw a 51% drop. This can be due to the lack of a strict nationwide lockdown and the economy remaining open. Insurance (-5%), pharma (-9%), healthcare (-10%) has had a less impact on hiring. While IT (-12%), FMCG (-15%), telecom (-15%) declined in line with the overall trend.
About 3.1 mn cybersecurity position, mostly in the Asia-pacific region, are lying across the globe, said a report by Michael Page India. The report said that 19 mn ransomware and phishing attacks were identified in the region during Feb-May 2020, most of them were COVID-19 theme while overall cybercrime went up by 600%. The demand for cybersecurity professionals is short by 43% mostly for app development security, cloud security. threat intelligence, data privacy.