Banks beat IT cos in 2021 job growth, media sees biggest fall

Industries such as banking and financial services and insurance (BFSI), and production and manufacturing showed the highest growth in hiring activity in 2021, while media and construction segments showed the biggest declines, said India in its annual trends analysis. The BFSI and the manufacturing sectors both saw hiring rise by 31%, while telecom witnessed […]

India’s Quess Corp buys Asia business, HCL’s service centers

Quess Corp, the ‘business services’ subsidiary of Thomas Cook India, announced two major acquisitions, purchasing the Asia business of and the Indian service center business of HCL Infosystems. Quess Corp will pay up to Rs 30 cr for the service center business of HCL Infosystems. It did not disclose the consideration for the […]

Indian cos pay half the salaries of foreign cos; IT, finance workers most unhappy

The majority of Indian IT and financial sector workers are unhappy with their salary, a new survey by said. It also found that Indian-owned companies typically pay much lower salaries than MNCs. The IT sector turned out to be the highest paying industry in India, even ¬†ahead of the financial services industry, which is […]