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IT sector hiring rose 5% YoY in June; AI, ML see 42% spike: Naukri JobSpeak Report - The Economic Times

Economic Times

Economic Times · 2d ago

IT sector hiring rose 5% YoY in June; AI, ML see 42% spike: Naukri JobSpeak Report - The Economic Times

The IT sector saw a 5% rise in hiring in June, with tier-II cities contributing significantly. Demand was strong for senior IT professionals and AI/ML roles, which grew by 42% year-on-year. Fresher hiring increased 11%, especially in sectors like hospitality, oil & gas, and healthcare. Entry-level roles in areas such as architecture and advertising also saw substantial growth. Startups in metro cities and Indian unicorns maintained robust hiring trends, signaling a positive shift in the job market.

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Naukri JobSpeak Report IT Sector Hiring Declines in October 2023

Business Bytes

Business Bytes · 1y ago

Naukri JobSpeak Report IT Sector Hiring Declines in October 2023

According to the Naukri JobSpeak Report, hiring in the IT sector declined by 14% in October 2023 compared to the same period in the previous year. IT hubs like Pune, Bengaluru, Hyderabad, and Chennai experienced a decrease in hiring, with Chennai witnessing the most significant decline of 11%. However, Delhi-NCR and Mumbai saw modest growth in IT sector hiring. The report also highlighted a preference for experienced professionals, with increased demand for those with over 16 years of experience. The decline in hiring could be attributed to various factors such as economic conditions and changing hiring practices.

AI-ML hiring grows 25% in May, IT sector sees 5% decline: Report

YourStory

YourStory · 1m ago

AI-ML hiring grows 25% in May, IT sector sees 5% decline: Report

In May 2025, hiring in the Artificial Intelligence and Machine Learning (AI/ML) sector grew by 25% year-on-year, while the broader IT sector saw a 5% decline, according to the Naukri JobSpeak report. Despite the overall stable job market, AI/ML hiring increased, particularly in major cities and senior professional demand. Real estate and insurance sectors showed growth, while retail, telecom, and banking hiring decreased. Cities like Hyderabad and Kochi exhibited hiring increases, driven by senior-level roles.

Info Edge Shares Zoom 9.8% To 52-Week High On Strong Q4 Performance Update

Inc42 · 1y ago

Info Edge Shares Zoom 9.8% To 52-Week High On Strong Q4 Performance Update

Info Edge, the parent company of popular platforms like Naukri.com and 99acres.com, has witnessed a strong performance in Q4 and fiscal year 2023-24. The standalone billings for Info Edge grew by 5.48% YoY to reach INR 2,495.9 crore in FY24. The recruitment solutions vertical, including Naukri and iimjobs, recorded standalone billings of INR 1,883.2 crore, while 99acres saw a surge of 23.5% to reach INR 385.1 crore. Analysts believe that the recovery in Naukri billings indicates a potential bottoming-out of IT hiring, and Info Edge is expected to report 15% YoY billings growth in FY25.

India’s hiring activity up 31 pc in Dec, led by consumer electronics, manufacturing: Report

Livemint

Livemint · 6m ago

India’s hiring activity up 31 pc in Dec, led by consumer electronics, manufacturing: Report

India's hiring activity increased by 31% in December, mainly driven by the consumer electronics, manufacturing, and construction sectors, according to a report by foundit insights tracker. AI jobs surged 42% over two years, with top skills like Python and AI/ML in demand. Medical roles grew 44%, bolstered by telemedicine and diagnostics. Growth was seen across 13 cities, with Coimbatore leading. Tier-II and III cities also saw notable healthcare hiring.

Hiring in IT sector to witness 15-20% growth in job opportunities: report

Economic Times

Economic Times · 7m ago

Hiring in IT sector to witness 15-20% growth in job opportunities: report

The IT sector is set to experience a 15-20% growth in job opportunities across various industries in 2025, according to talent solutions company NLB Services. The industry has regained momentum in the second half of 2024 and is expected to see a positive outlook in the coming year. Fresher hiring in the Indian IT sector is predicted to increase significantly, while there will also be a surge in demand for specialized tech roles such as AI, ML, data analytics, and cloud technologies. Companies are investing in tech upskilling to meet the evolving technological landscape. Campus hiring remains a priority for larger companies.

PB Fintech posts Rs 1,348 Cr revenue in Q1 FY26; profit increases 42%

Entrackr

Entrackr · 9h ago

PB Fintech posts Rs 1,348 Cr revenue in Q1 FY26; profit increases 42%

PB Fintech posts Rs 1,348 Cr revenue in Q1 FY26; profit increases 42% PB Fintech, the parent company of online insurance aggregator and brokerage platform PolicyBazaar, has released its financial results for the first quarter of the ongoing fiscal year (Q1 FY26). The company reported a 33% growth in scale, while its year-on-year (YoY) profits increased by 42% during the same period. PolicyBazaar’s revenue from operations surged 33% to Rs 1,348 crore in Q1 FY26 in contrast to Rs 1,011 crore in Q1 FY25, as per the firm’s financial results sourced from the National Stock Exchange (NSE). The Gurugram-based company generated the largest share (88%) of its operating revenue from insurance broker services, which rose to Rs 1,187 crore in Q1 FY26 from Rs 845 crore in Q1 FY25. Besides operating revenue, the firm also earned Rs 99 crore via interest and gains from financial assets during the quarter which took its total topline to Rs 1,447 crore in the quarter ending June 2025. PolicyBazaar has not provided a detailed breakdown of expenses in its quarterly financial statements. However, employee benefits expenses rose by 23% YoY to Rs 560 crore. Overall, the company's total costs grew 25% to Rs 1,356 crore in Q1 FY26 compared to Rs 1,081 crore in Q1 FY25. PolicyBazaar's net profits surged 42% to Rs 85 crore in Q1 FY26 from Rs 60 crore in Q1 FY25. At the end of the day, PolicyBazaar traded at Rs 1,808 with a total market capitalization of Rs 83,033 crore (approximately $9.5 billion).

Aadhaar authentications cross 2 billion in June - The Economic Times

Economic Times

Economic Times · 28d ago

Aadhaar authentications cross 2 billion in June - The Economic Times

In June, Aadhaar authentications surpassed 2.29 billion, a 7.8% year-on-year increase, totaling over 154 billion since inception. Face authentications, utilizing AI/ML tools, hit a record 158.7 million, significantly up from last year. Aadhaar e-KYC transactions also reached 394.7 million, enhancing service delivery and business efficiency across sectors. The AI-based face authentication works on both Android and iOS, benefiting over 100 entities in various industries, including government and financial services.

Festive hiring boom: E-commerce, quick commerce set to lead the way

Livemint

Livemint · 11m ago

Festive hiring boom: E-commerce, quick commerce set to lead the way

The upcoming festive season in India is expected to drive an increased demand for gig workers. Quick commerce companies like Zepto and Blinkit, as well as online retailers like Meesho and Amazon, anticipate a spike in demand for various products during the August to December period. These companies are likely to hire up to 20% more workers compared to last year. Other sectors such as consumer durables, FMCG, and BFSI are also expected to see a boost in hiring, albeit at a slower pace. The festive season is the peak recruitment season, with both physical stores and online platforms seeking to capture a larger share of sales through discounts.

Tesla's German car sales continue to fall in June - The Economic Times

Economic Times

Economic Times · 27d ago

Tesla's German car sales continue to fall in June - The Economic Times

Tesla's German car sales plummeted 60% in June, with first-half 2025 figures down 58.2%, according to the KBA. In contrast, overall electric vehicle registrations rose by 8.6% during the same period. Tesla's declining sales also extended to other European markets. Meanwhile, Chinese rival BYD experienced significant growth, with sales tripling to 1,675 units in June. This trend underscores the increasing competition and challenges Tesla faces in the European EV market.

Airtel Payments Bank's FY24 profit surges 60% to Rs 34.5 Cr

YourStory

YourStory · 1y ago

Airtel Payments Bank's FY24 profit surges 60% to Rs 34.5 Cr

Airtel Payments Bank, a subsidiary of Bharti Airtel, reported a 60% YoY increase in profit to Rs 34.5 crore in FY24. Its revenue for the fiscal rose by 42% to Rs 1,836 crore. The payments bank recorded a strong Q4 with a 15% sequential growth at Rs 539 crore. It onboarded more than a million new customers monthly and witnessed significant growth in savings account acquisitions. The monthly transacting users reached 80.4 million, and the bank's gross merchandise value stood at Rs 2,550 billion.

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