NEW HIRING
Samvat 2083 begins: Will the good times roll for Indian businesses?
Samvat 2083 begins with Indian businesses entering the new year on a note of cautious optimism. Strong GST collections, festive demand and the RBI’s upgraded FY27 growth forecast point to economic resilience. But weak hiring, easing manufacturing momentum, food inflation and crude oil risks cloud the outlook.
Companies need to overhaul cybersecurity as AI accelerates vulnerability attacks: Report
Companies will need to fundamentally overhaul their cybersecurity strategies and increase investments in automated threat detection and vulnerability management as frontier artificial intelligence (AI) makes it easier for cyberattackers to identify and exploit software weaknesses, according to a McKinsey report.
US employers added a surprising 165,000 jobs in October; unemployment rate dipped to 4.1%
US employers added 165,000 jobs last month, surpassing economists' expectations and bringing the unemployment rate down to 4.1%. The Labor Department also revised previous months' job figures upwards, indicating stronger hiring trends.
Internship stipends rise at top B-schools as recruiters step up hiring
Recruiters are focusing on summer internships for hiring, offering higher stipends for the 2026-28 batch. Top business schools like IIM Calcutta and IIM Lucknow report increased median stipends and recruitment participation. IIM Kozhikode has noted an improvement in pre-placement offers and conversions from internships. New recruiters have joined the hiring process, diversifying opportunities for students.
West Bengal's new investment policy wins industry praise for jobs, innovation and ease of doing business
Mehul Mohanka, Chairman, CII Eastern Region said, "The policy is a progressive and forward-looking framework that reinforces the State’s commitment to industrial growth and advanced manufacturing and sends a strong signal to investors.”
Canada plans to welcome up to 622,000 new permanent residents by 2027 under the new immigration plan
Canada plans to grant permanent residence to up to 622,000 people by the end of 2027 through a combination of new admissions and measures to transition temporary residents to permanent status. The government has earmarked up to 200,000 places for temporary residents already in Canada, while its latest Immigration Levels Plan sets a target of up to 422,000 new permanent resident admissions in 2027.
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Gold set for weekly gain as markets await US payrolls data
Gold prices have seen a surge in early Asian markets, climbing by 0.4% as investors brace for the crucial US non-farm payrolls report. With a projected weekly increase of 5.9%, market sentiment remains optimistic. Two Federal Reserve officials have floated the idea of gradual interest rate hikes to tackle inflation.
Indian GCCs set to add 35k jobs in 2027
ANSR expects these jobs – ranging from 30,000 to 35,000 - to be added by 160-175 new greenfield GCCs amid an increasing number of inquiries from US mid-sized companies. The caveat emptor: Experts say this interest is yet to translate into plans for large-scale relocation of jobs from the US.
AI gains fail to cool rising staff costs at Indian IT services firms
Although artificial intelligence (AI) and automation are changing the traditional labour-intensive model of IT services, they have yet to bring down employee costs for the country’s top six IT services companies—Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, Tech Mahindra and LTM (formerly LTIMindtree).
US weekly jobless claims at 57-year lows amid low layoffs
Initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted 189,000 for the week ended October 31, the Labor Department said on Thursday. Economists polled by Reuters had forecast 196,000 claims for the latest week.
A California family foundation gave $12 million to help children visit museums; the gift supports free bus trips to the Getty Center and Getty Villa
Getty has unveiled a generous $12 million endowment aimed at facilitating complimentary bus rides for eligible K-12 school groups. Instituted by the Camilla Chandler Family Foundation, this initiative is poised to enhance accessibility for Title I schools. By alleviating transportation expenses, this funding promises to enrich students' educational journeys and deepen their appreciation for art and culture, ensuring that financial constraints do not obstruct museum experiences.
68.4% respondents in survey plan job change in 2027; half seek 31%-plus pay hike: Survey
According to a recent survey, 68.4 percent of Indian professionals are planning to explore new job opportunities in 2027. Career growth is identified as the primary motivation for changing jobs, with high salary expectations influencing decisions as well. The report highlights that most professionals feel confident about their job prospects in the evolving job market. Many are actively engaged in upskilling, especially in AI.
AI, data, cybersecurity lead tech hiring with 30.3% share in September quarter
In India, the demand for roles in AI, data, and cybersecurity within Global Capability Centers (GCCs) has surged, even amid a slight overall hiring decline. AI and data professional roles saw a 14% increase quarter-on-quarter, while cybersecurity positions grew by 12%. Notably, tier-2 cities like Coimbatore achieved a remarkable 30% growth. By 2030, the GCC workforce in India is projected to reach between 2.7 and 2.8 million.
Russia's service sector stagnates, output rises marginally in October
Russia's service sector showed minimal growth in October, with a decrease in orders for the first time in three months. New businesses also fell, indicating a concerning trend amid declining export demand. Employment exhibited a marginal increase after a prolonged period of job cuts across the economy. Input cost inflation rose as firms adjusted selling prices to manage higher costs.
US midterm elections: What a Democratic Congress could mean for Indian H-1B visa holders
The potential shift towards a Democratic majority in Congress may reshape the discourse on immigration law. Nevertheless, specialists indicate that immediate adjustments for Indian tech workers concerning H-1B visas are improbable. The lingering impact of the previous administration on immigration policy remains prominent.
Midterm results may slow US visa curbs, but no quick relief likely for IT
The opposition party’s takeover of both chambers of US Congress is expected to bring greater scrutiny of the administration’s policy decisions, potentially slowing further restrictions, industry experts told ET. However, any improvement in sentiment is unlikely to translate quickly into higher hiring or technology spending.
He promised his 3-year-old son a castle in 1978. Decades later, he built Highlands Castle on a New York mountaintop
A promise made to his three-year-old son in 1978 led John Lavender II to buy a mountaintop in New York and spend decades building Highlands Castle. With help from family, friends and workers, he turned the property into a castle overlooking Lake George, which now welcomes guests.
Peppermint Robotics raises Rs 100 crore led by pi Ventures, Crane Venture Partners
The company was founded in 2019 by Runal Dahiwade, and has raised Rs 150 crore to date. It also develops autonomous robots for material transportation and operates in nine countries. The US is its largest market, followed by India and western Europe, Dahiwade, who’s also the CEO, told ET.
Four UK universities in India offer early recruitment access to 250 postgraduate students graduating in 2027
Four UK universities operating campuses in India are scheduling a placement week for postgraduate student recruitment. This initiative allows employers to interview candidates before graduation and streamline hiring processes. Students participating have an average of 2.4 to three years of work experience across multiple industries.
From enterprises to SMBs: How Flashfox AI plans to change the hiring game
GetWork’s AI hiring business, now spun off as Flashfox AI, is targeting 500 enterprise clients in the next 24 months as it expands into Southeast Asia and the Middle East.
Listed realty firm Phoenix Mills Ltd appoints Parveen Mahtani as group legal head
An alumna of Government Law College (GLC), Mumbai, Mahtani began her career at the law firm Desai & Diwanji as an associate, then joined another firm, Nishith Desai Associates. In 2005, she moved to an in-house role and joined IL&FS Trust Company Ltd. as legal head for the debt recovery division.
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.
Canva may announce another round of layoffs in November, report claims; hiring freeze also possible
Canva appears to be bracing for possible layoffs or a hiring freeze after recently downsizing their team by cutting 32 employees from the technical content department. Although user growth surged in 2025, the company has drastically revised its revenue forecasts for 2026. CEO Melanie Perkins noted that projections have not met earlier expectations but underscored their commitment to an AI-driven strategy.
India factory growth slows in October, export orders jump, PMI shows
India's manufacturing growth slowed in October, with the HSBC Manufacturing PMI falling to 54.7 from 55.1 in September, as domestic demand and hiring weakened. However, export orders rose at their fastest pace in six months, providing some support to factory activity.
Beauty & personal care brand Hyeglo Beauty raises Rs 7 crore funding led by Sauce
The direct-to-consumer (D2C) will use the funds for research and development (R&D), new product launches, brand building and hiring, as it looks to expand its portfolio, founder Kanupriya Ahluwalia told ET.
Dubai in Transit: The megalopolis is trying to shake off nightmarish war months, but caution remains in the air
Dubai is struggling to regain business momentum eight months after Iranian missile strikes disrupted tourism, real estate and other sectors. While tourist arrivals and hotel occupancy have recovered from their March lows, the recovery has stalled amid renewed regional tensions.
Delhi govt mandates registration of domestic help agencies; Rs 50,000 fine for violations
The Delhi government has mandated registration for all private placement agencies providing domestic help services. Agencies must register within 15 days and complete police verification for workers. A penalty of Rs 50,000 will be imposed for non-compliance with these regulations. Employers are advised to verify agency registrations and insist on police checks before hiring. The measures aim to prevent exploitation of domestic workers and ensure fair working conditions.
AI could wipe out $200 billion of IT services work by 2030: BCG
BCG’s Sreyssha George says Indian IT firms will have to rethink how they price work, hire freshers and pay AI talent, as clients move from paying for headcount to paying for outcomes.
Cognizant’s Q3 PAT jumps 128% to $627 million, revenue climbs 4.6%
Growth across its markets geographically and double-digit expansion in financial services as well as communications, media and technology boosted revenue by 4.6% YoY to $5.66 billion, meeting its own guidance range of $5.60-$5.68 billion. In constant currency, or excluding the impact of exchange rate fluctuations, revenue rose 4.8% from a year earlier and 3.3% sequentially.
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