IT ITES SECTOR
Karnataka clears Rs 6,826-crore industrial investment proposals, 131 outside Bengaluru
Karnataka's State Level Single Window Clearance Committee has approved multiple industrial projects worth Rs 6,825.93 crore. The majority of these projects will be set up outside Bengaluru, promoting regional growth. These projects are expected to generate around 18,600 jobs across various sectors, including IT and food processing. Notable investments include IT parks in Devanahalli and Doddanekundi, attracting significant capital.
Corporate India's white-collar hiring rises 14% in October, led by manufacturing
Corporate India's white-collar hiring showed a 14% increase in October compared to the previous year. Notably, production and manufacturing roles experienced a significant growth of 39%. The demand for AI/ML skills also remained strong, leading to a 32% increase in hiring. Various sectors such as automobiles and BPO/ITeS witnessed substantial hiring increases as well. Overall, metropolitan areas like Hyderabad and Pune led in job growth during this period.
Indian corporates become the second-largest occupiers for flex space
The demand for flexible workspaces in India is witnessing a remarkable transformation, as corporates are expected to represent 23.4% of this market by 2026, making them the second-largest segment. Since 2023, the average need for these spaces has significantly increased, particularly in the BFSI sector. MNCs continue their stable demand, but local corporates are increasingly embracing flexible offices to improve business responsiveness.
India's private capex pipeline surges 39% to Rs 99.7 lakh crore, risks rise: Report
India's private capital expenditure pipeline reached Rs 99.7 lakh crore in September 2026, marking a 39% increase. Manufacturing and electricity constituted the largest components of this pipeline, while the services sector showed rapid growth. A significant concentration of investments appeared in specific states and industries, with eight sectors accounting for 80% of the total. Maharashtra significantly increased its share of the pipeline, indicating a focus on regional development.
Corporate capex pipeline rises 39% to Rs 99.7 lakh crore, led by IT services and power: UBI
India’s announced private capex pipeline rose 39% year-on-year to Rs 99.7 lakh crore in September 2026, driven by IT-enabled services and conventional power projects, according to UBI Research. However, sectoral and geographical concentration, slower growth in project numbers and gaps in power transmission investment pose execution risks to the investment cycle.
AI skills redraw entry-level jobs map as IT-BPM fresher hiring rebounds
Companies are moving beyond bulk recruitment and willing to pay a premium for AI-native talent as routine work gives way to specialised roles
Indian office real estate market records 42.9 million sq ft absorption
The year 2026 marked a significant uptick in India's office real estate sector, with net absorption reaching 42.9 million square feet. The coworking and BFSI sectors led the charge, representing 47% of total leasing activities. Meanwhile, Bengaluru reported a spike in new office supply, while NCR and Pune saw a downturn.
The economics of India's biggest export industry goes topsy-turvy
India’s $315-billion IT industry faces a structural shift as AI boosts productivity but puts pressure on pricing, revenue and entry-level hiring. Clients are demanding more output for less, while spending shifts towards AI, cloud and in-house capabilities.
SRIT India shares hit 5% upper circuit after strong debut, jump 19% from IPO price. Should you buy, sell or hold?
SRIT India shares rose 19% from the IPO price after making a strong debut on the NSE. The stock, however, fell short of grey market expectations. With the company’s digital technology services business gaining traction, analysts highlight revenue growth, profitability, execution and cash flows as key factors for investors.
GST 2.0: Council to consider sweeping reforms to unlock tax credit, ease compliance
India is set to implement significant reforms to the goods and services tax system, which will ease compliance. Changes may include the release of accumulated input tax credit that benefits various industries and supports growth. The GST Council plans to reconsider tax treatment for certain supplier defaults to protect genuine buyers.
India's white-collar hiring rises 2% in September as AI/ML jobs hit record growth: Naukri
India’s white-collar hiring grew 2% year-on-year in September, with the Naukri JobSpeak Index rising to 3,053 from 3,002 a year earlier. AI/ML hiring led sectoral growth with a 20% jump, followed by auto at 11%. Hyderabad recorded the strongest metro growth, while Mumbai and Delhi-NCR declined 6%.
AI/ML hiring jumps 20% as white-collar job market stays steady in September: Report
Hiring for artificial intelligence and machine learning roles experienced a 20 percent increase year-on-year in September. Overall white-collar hiring remained relatively stable, indicating a shift towards specialised skills. Demand for experienced professionals in AI/ML surged, particularly among those with 13-16 years of experience. Declines were reported in traditional sectors like hospitality and education during the same period. Future hiring trends may increasingly favor specialised skills over broad-based sector growth.
ET AI Awards 2027: 40+ categories across Innovation, Functional Excellence, Leadership and Emerging AI
The ET AI Awards 2027 return for the second edition, recognising organisations, teams, and leaders driving measurable impact through applied AI. With 40+ categories across 4 tracks, the awards cover AI Innovation, Functional Excellence, Leadership and emerging applications across startups, SMEs and enterprises, evaluated through a structured, expert-led process.
Jammu & Kashmir working on establishing Artificial Intelligence centre of excellence
The Jammu and Kashir government plans to establish an Artificial Intelligence Centre of Excellence. The government said it is promoting AI and other emerging technologies in the Union territory as part of its broader digital transformation and technology-enabled development initiatives. It is also pursuing a whole-of-government approach towards the identification and implementation of suitable AI use cases in different departments.
GIFT City moves up 9 places to 37th globally, ranks among Asia-Pacific top 15
GIFT City has surged nine positions to secure the 37th spot in the Global Financial Centres Index, marking a significant achievement for India as it joins the top 15 financial hubs in the Asia-Pacific region. With its FinTech ranking also improving by three places to 26th globally, this leap underscores the city's commitment to enhancing its financial services ecosystem and integrating technology.
Employees have to get on the AI train and go where it takes them: KFintech CTO
KFintech embraces artificial intelligence across its operations and workforce. The company utilizes various large language models for different business functions. An in-house AI Gateway manages employee access to these advanced tools. Hiring now emphasises system design and security over basic coding skills. This strategic shift drives significant improvements in product development timelines.
Meghalaya steps up tech push with Shillong Technology Park, aims to emerge as Northeast’s innovation hub
In an effort to bolster its technology sector, Meghalaya is actively working to generate fresh employment opportunities for its residents. The first phase of the Shillong Technology Park is completely occupied, and the completion of the second phase is imminent. Additionally, the new Tura IT Park is being built with support from the Union government.
UP elections: Adityanath builds direct connect with youth, women ahead of polls
Uttar Pradesh Chief Minister Yogi Adityanath is focusing on youth and women through various government initiatives. Anganwadi workers will see increased honorariums starting from September 2026. The government is also providing scooters to graduating girls and appointment letters to one lakh young candidates. Mass marriages and self-help groups are being promoted to empower rural families. 'Project Praveen' aims to train over 3,000 students in employment-oriented sectors.
India white-collar hiring rises 14% in August, led by auto, healthcare and retail
In August, white-collar job opportunities in Mumbai surged by fourteen percent from last year. This growth was largely propelled by strong performances in the automotive, healthcare, and retail industries. The rise was evident across IT and non-IT sectors, along with various experience levels. Hyderabad and Kolkata emerged as leaders in hiring growth among major cities, with emerging locales like Bhubaneswar and Raipur also marking notable progress in employment trends.
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