BFSI News

The data highlighted that corporate profits, which stood at Rs 3.53 trillion in FY20, are expected to rise sharply to Rs 15.38 trillion by FY25 and further to Rs 20.84 trillion by FY27. 

The digital advertising spend was estimated to be around Rs 7,300 crore at the end of 2016, growing at a rate of 40 per cent over 2015.

Online recruitment activities in the month of June registered 11 per cent year-on-year growth, led by banking, financial services and insurance (BFSI) sector, according to a report.

Online hiring activity registered a seven per cent year-on-year growth in May driven by sectors like telecom/ISP and banking/financial services, insurance (BFSI), according to the Monster Employment Index.

Weakness in the financial services sector as well as project delays and cancellations may impact the pace of revenue growth of Indian IT companies in the second quarter of the current fiscal, say industry analysts.

Terming the customer outlook as one marked by "abundant caution", the country's largest software services firm TCS has warned that its financial sector clients in the US are holding back on discretionary spends, leading to a "sequential loss of momentum".

India witnessed an increase of 156 percent in social media scams with every sixth scam globally impacting an Indian, security software firm Symantec has said

There will be a significant increase in the salary at mid and senior levels, with most of the companies expanding their portfolio in the sector to retain the talent and compensation and increment rate can go anywhere between 10-15% for top performers.

HCL TalentCare enables anytime-anywhere learning that is industry-focused.

Technology firm Netmagic is targeting revenues of about Rs 445 crore by March 2016, buoyed by the strong demand it is witnessing in areas like managed services, remote IT management, cloud and data centre business.

India is poised for "improved prosperity" as the reforms initiated by the new government are taking shape and sectors, including infrastructure, will be the key drivers of growth, says global consultancy Deloitte.

According to the report, Naukri Job Speak Index stood at 1,600 for May 2014, a stable hiring scenario compared to the previous month.