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Tag: IT

  • Finland To Invite 30,000 Workers Every Year Till 2030 Due To Labour Shortage – News18

    Finland To Invite 30,000 Workers Every Year Till 2030 Due To Labour Shortage – News18


    Finland needs young people as their workforce.

    Finland houses many renowned and high-tech companies that have invested in new-age and futuristic technologies.

    Many of us wish to step out of the comforts of our homes and study or work abroad. A similar eagerness is seen in Indians, who aspire to work in a foreign country. For these aspirants, we have some good news. Finland is inviting foreigners, especially Indians to live in their country and enrich their community. Finland is planning to welcome 15,000 foreign students and 30,000 workers every year until the year 2030. In an interview with the Times of India, Glen Gessen, director of Immigration Affairs in Helsinki said, “The Finnish society is ageing; therefore, the country needs more young people to join the labour market.” It further added that it see India as one of its focus countries and wants to intensify its partnership. He added, “India has a growing young population, and a lot of untapped talent and Finland has had excellent experiences with Indian students, researchers, entrepreneurs, and professionals.” Reportedly, Glen Gessen continued that there is an active Indian business community in Finland and has witnessed immigrants “integrate quickly and emerge successful.”

    As shared by him, currently, there are many positions open for vacancy across many sectors. Healthcare and elderly care are looking for young workers. Similarly, manufacturing industries are on the lookout for skilled labourers. Finland attracts talented professionals (especially from the USA and the UK) from across the globe to come and work in its knowledge-intensive industries.

    Finland houses many renowned and high-tech companies that have invested in new-age and futuristic technologies like cybersecurity, AI, quantum, new space, health, creative industries, biotech, and materials. It lacks a workforce in the data, IT, early education and administrative sectors. Along with this, there’s also a shortage of staff in the nursing and STEM-related work in the sustainable development and environment sectors.

    Finland is on the watch for the best talent who can be recruited into the workforce and can make the country compete at a global level and push it towards excellence and progress. After all, the country is known for its progressive and innovative landscape.

    Education and Careers Desk

    A team of reporters, writers and editors brings you news, analyses and information on college and school admissions, board and competitive exams, care…Read More



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  • AptiTech Education To Hold Campus Placement At Lucknow’s Dr APJ Abdul Kalam Technical University; Deets Inside – News18

    AptiTech Education To Hold Campus Placement At Lucknow’s Dr APJ Abdul Kalam Technical University; Deets Inside – News18


    The campus placement opportunity is open to 2023 batch passout students.

    The company will offer an attractive package of Rs 5 to 5.5 lakh annually.

    There’s good news for students of Lucknow’s Dr APJ Abdul Kalam Technical University. AptiTech Education, a renowned education company, will be holding virtual campus placements this month in the University. The registration deadline to participate is today, August 5. Don’t miss this opportunity to join the event. In addition to B Tech, M Tech CS and IT students, MCA students can also take part in the campus placement conducted by the Training and Placement Department. The company is offering not only attractive packages but also promising better positions to the selected students. Vice Chancellor Prof JP Pandey announced that the campus placement will take place this month. It’s a great opportunity for students to showcase their skills and secure promising career prospects.

    The campus placement opportunity is open to 2023 batch passout students. After registration, the company will conduct an examination, and successful candidates will proceed to the interview stage. Those who pass the interview will be appointed as Senior Technical Trainers in Jaipur on behalf of the company. It’s a fantastic chance for eligible students to secure a rewarding career in Jaipur as Technical Trainers.

    The company will offer an attractive package of Rs 5 to Rs 5.5 lakh annually to the selected students. The selected candidates will undergo a four-month training period, during which the company will provide accommodation and food facilities. It is essential for the selected students to possess strong communication skills, including proficiency in computer languages. This opportunity not only offers a competitive salary but also valuable training to enhance their skills and knowledge.

    Under the guidance of Dean of Training and Placement Department, Prof Arumina Verma, this campus placement offers numerous facilities to students. Participating in this event can pave the way for a promising future in the field of education. The selected students will be provided with excellent facilities and opportunities within the company. It’s a great chance for students to kickstart their careers and build a successful path in the education sector.

    Education and Careers Desk

    A team of reporters, writers and editors brings you news, analyses and information on college and school admissions, board and competitive exams, care…Read More



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  • HDFC Bank becomes 2nd most valuable company; TCS falls to 3rd place – Times of India

    HDFC Bank becomes 2nd most valuable company; TCS falls to 3rd place – Times of India



    NEW DELHI: HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services.
    At the close of trade, HDFC Bank, which recently completed the merger of its mortgage financier parent HDFC into itself, commanded a market capitalisation (mcap) of Rs 12,72,718.60 crore, which was Rs 5,826.95 crore more than TCS‘ Rs 12,66,891.65 crore valuation on the BSE.
    Shares of HDFC Bank ended at Rs 1,688.50 apiece, up 0.22 per cent on the BSE. During the day, it climbed 0.36 per cent to Rs 1,690.95.
    However, shares of TCS dipped 0.25 per cent to end at Rs 3,462.35 each. During the day, it fell 1 per cent to Rs 3,436.
    HDFC, the parent of HDFC Bank, merged into the lender on July 1.
    The USD 40 billion merger, the largest such deal in the Indian corporate history, was driven by a changing regulatory landscape, which limited the advantages for HDFC continuing as a non-bank lending entity.
    Reliance Industries is the country’s most valued firm with a market valuation of Rs 17,72,455.70 crore, followed by HDFC Bank, TCS, ICICI Bank (Rs 6,96,538.85 crore) and Hindustan Unilever (Rs 6,34,941.79 crore) in the top five order.
    HDFC Bank is also the country’s most valuable bank by mcap followed by ICICI Bank, which commanded a market valuation of Rs 6,96,538.85 crore, and State Bank of India (Rs 5,44,356.70 crore).
    The 30-share BSE Sensex jumped 474.46 points or 0.71 per cent to settle at its fresh all-time closing high of 67,571.90. During the day, it rallied 521.73 points or 0.77 per cent to hit its lifetime intra-day peak of 67,619.17.





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  • Tech Industry Sees Boom In Full-Time Jobs; Dip In Part-Time Opportunities: Report

    Tech Industry Sees Boom In Full-Time Jobs; Dip In Part-Time Opportunities: Report


    New Delhi: The tech industry has experienced a growth in full-time job opportunities while contractual and part-time jobs witnessed a decline from April 2019 to April 2023 in India, a new report has shown. The data released by leading job portal Indeed showed sluggish job growth in part-time and contractual tech jobs, with only a 3 per cent increase in share from April 2019 to April 2023.

    During the peak of the Covid-19 pandemic in 2021, demand for gig workers representing part-time or contractual positions increased by 23 per cent. In an ever-changing post-Covid-19 landscape, this increase reflected the industry’s growing reliance on flexible talent, with businesses seeking specialised skills for specific tasks or projects, according to the report.

    “Our data indicate a slight decline in the number of gig workers in the most recent period analysed, possibly indicating professionals to tap into emerging avenues and diversify their career paths further,” said Sashi Kumar, Head of Sales, Indeed India.

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    Moreover, the report said that gig/part-time/contract job roles such as Software Architect, Senior Developer, Data Engineer, and Salesforce Developer are among the highest paying. Similarly, Data Scientist, iOS Developer, Automation Engineer, and Front End Developer were the lowest-paid gig roles.

    Amidst an overall marginal decline of 3 per cent, posting for full-time tech jobs has witnessed a significant 9 per cent increase from April 2019 to April 2023. This upward trend showcases the continued expansion of permanent positions in the tech sector, underscoring its stability and potential for professionals seeking long-term career opportunities, the report stated.

     





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  • Wipro Q4 Net Profit Dips Marginally To Rs 3,074.5 Cr; Board Approves Rs 12k Cr Share Buyback

    Wipro Q4 Net Profit Dips Marginally To Rs 3,074.5 Cr; Board Approves Rs 12k Cr Share Buyback


    New Delhi: IT major Wipro on Thursday reported a marginal year-on-year decline of 0.4 per cent in net profit to Rs 3,074.5 crore for the fourth quarter ended March 2023 and announced a share buyback of up to Rs 12,000 crore. The Wipro board approved the buyback of 26.96 crore equity shares at a price of Rs 445 apiece.

    “Board…Of Wipro…Has approved a proposal to buyback up to 26,96,62,921 equity shares, being 4.91 per cent of the total paid-up equity shares of the company, for an aggregate amount not exceeding Rs 120,00,00,00,000 at a price of Rs 445…Per equity share,” the company said a regulatory filing.

    Members of the promoter and promoter group of the company have indicated their intention to participate in the proposed buyback, it added. Bengaluru-headquartered Wipro – which competes in the IT services space with larger rivals like Tata Consultancy Services (TCS) and Infosys – posted a net profit of Rs 3,074.5 crore for the just-ended quarter, against Rs 3,087.3 crore in the year-ago period. The revenue for March 2023 quarter stood at Rs 23,190.3 crore, 11.17 per cent higher year-on-year, according to the filing.

    For the full FY23, the net profit of Rs 11,350 crore was 7.1 per cent lower than the preceding fiscal, while revenue of Rs 90,487.6 crore was 14.4 per cent higher.

    “We expect revenue from our IT Services business including India State Run Enterprise (ISRE) segment to be in the range of USD 2,753 million to USD 2,811 million. This translates to sequential guidance of -3.0 per cent to -1.0 per cent in constant currency terms,” a statement said.





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  • ICT export remittances rise to $1.5b | The Express Tribune

    ICT export remittances rise to $1.5b | The Express Tribune



    ISLAMABAD:

    The information technology and IT-enabled services (ITeS) industry has received export remittances of $1.523 billion in the first seven months (Jul 2022-Jan 2023) of current financial year, an increase of 2.35% year-on-year.

    In the corresponding period of last year, the industry had realised information and communication technology (ICT) export proceeds of $1.488 billion.

    “IT exports grew despite the persistent ease of doing business challenges and an increase in cost of doing business,” remarked the IT ministry in a statement on Monday. In Jan 2023 alone, the ICT export remittances rose by 2.15% and reached $190 million as compared with remittances of $186 million reported for Jan 2022.

    The IT ministry pointed out that a trade surplus of $1.344 billion (88.25% of the total ICT export remittances) was achieved by the IT and ITeS industry during the Jul-Jan period of FY23, which eased the foreign currency crunch faced by the country.

    The trade surplus was higher by 20.32% when compared with the surplus of $1.117 billion registered in the same period of FY22.

    According to data released by the ministry, the ICT sector’s exports of $1.523 billion are the highest among all services (36.3% of the total export of services) with “other business services” trailing at $942 million. Overall, the services sector registered a trade deficit of $301 million between Jul 2022 and Jan 2023.

    Contrary to that, ICT services enjoyed a significant trade surplus of $1.344 billion, the highest among all services. Other business services trailed with a surplus of $267 million.

    Among all goods and services, only the textile group had a higher trade surplus than the ICT sector, which amounted to $7.566 billion for the period from Jul 2022 to Jan 2023, up 6.8% from the surplus of $7.084 billion in the same period of FY22.

    Total exports of the textile group stood at $10.330 billion in Jul-Jan FY23, a thin increase of 0.16% as compared to exports of $10.314 billion in the corresponding period of last year.

    Published in The Express Tribune, February 21st, 2023.

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  • PM forms committee for revival of STZA | The Express Tribune

    PM forms committee for revival of STZA | The Express Tribune



    ISLAMABAD:

    Prime Minister Shehbaz Sharif formed a committee on Wednesday to ensure the revival of Special Technology Zones Authority (STZA), expressing dissatisfaction over its performance.

    The prime minister, chairing a high-level meeting on the STZA, said that the committee would be headed by Finance Minister Ishaq Dar and comprise IT minister, law minister, Adviser Ahad Cheema, Senator Afnanullah and Capital Development Authority (CDA) chairman.

    He instructed the committee to present its recommendations within a week and also gave directive to immediately operationalise the STZA’s board of governors, which should consist of experts from relevant fields.

    The prime minister cautioned that any wastage of public resources would not be tolerated. “Pakistani skilled youth are earning livelihood on their own while the relevant authority is dysfunctional,” he underscored.

    Sharif noted that instead of investing in real estate, the STZA’s real objective was to promote technology. “No delay in reform and functioning of the STZA will be acceptable,” he declared.

    Published in The Express Tribune, February 9th, 2023.

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