Digital: Last News

What employee attrition, hiring indicate about health of Indian IT companies

Attrition rates have been high across IT companies through the last few quarters as demand for technology talent with digital skills continued to outstrip supply with increasing labor costs. With rising demand, attracting talent, training, and retention gained paramount importance. Investor focus has shifted to a potential demand slowdown, while IT companies are dealing with a separate challenge i.e.

talent shortage to meet demand. Companies are incurring high talent retention costs (retention bonus, out-of-cycle wage revision etc.). The challenge exists, in India as well as onsite.

e. This pressure will seep into margins. Hiring is considered to be a good proxy on demand and will receive attention.

Hiring has been strong over the past few quarters. India's top Indian IT companies like Tata Consultancy Services (TCS) and Infosys hired in record numbers in FY22. Companies were hoping for price increase to offset high salary inflation.

They have secured some level of revision though not enough to offset wage inflation. Securing price increase in the second half could become challenging. For now, a more reasonable assumption will be stable pricing rather than a view of pricing increase, the report said.

“We expect divergent performance across companies on a sequential basis due to seasonal factors, while yoy growth will be strong. Margins remain pressured as companies deal with elevated attrition resulting in high retention costs and increase in travel and discretionary expenses," Kotak's report on Indian IT services added. It believes that Infosys and TCS will perform well but many others face risk of growth downgrades.

Health Digital reports
www.livemint.comwww.livemint.com

Related News

Crypto thieves steal $100M in digital coins from US firm Harmony - fox29.com - Usa - Los Angeles - state California
fox29.com
81%
891
Crypto thieves steal $100M in digital coins from US firm Harmony
LOS ANGELES - Harmony, a crypto firm in the United States, said on Friday it was robbed of approximately $100 million in digital currency, the latest in a string of cyber heists, Reuters reported. Harmony’s main mode of business involves developing blockchains, a decentralized digital ledger which keeps track of digital transactions of currency like crypto. The company tweeted it was "working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds," without giving further details.Harmony did not immediately respond to requests for comment sent via email and social media.These blockchains serve to offer loans and other financial services bypassing traditional centralized banking institutions most consumers have to go through to get credit and other forms of lending. Harmony, based in California, said crypto thieves hacked into their software where they were able to steal a variety of valuable cryptocurrencies including bitcoin and ether. Companies within the crypto sector have become increasingly targeted due to the volatility of the industry and lack of regulation. Over $1 billion has been stolen from blockchains so far in 2022, according to London-based blockchain analytics firm Elliptic. Another crypto heist which made U.S. headlines involved over $625 million in Ethereum and USD Coin which was stolen from the Ronin blockchain network.Ronin is a blockchain project used by the popular, non-fungible token (NFT)-based online game Axie Infinity, developed by publisher Sky Mavis.
Gabby Petito - Brian Laundrie - Gabby Petito family's lawsuit against Laundrie family lists potential witnesses - fox29.com - state Florida
fox29.com
54%
399
Gabby Petito family's lawsuit against Laundrie family lists potential witnesses
NORTH PORT, Fla. - Lawyers representing the family of deceased Gabby Petito in their civil lawsuit against the family of deceased Brian Laundrie have released a list of witnesses they expect to testify in the case.While the initial witness list is procedural and not indicative of which witnesses will formally testify in the event of a trial, it does highlight the general direction in which claimants plan to take the case. The initial list includes Petito's parents, Joseph Petito and Nichole Schmidt; her stepparents, Tara Petito and James Schmidt; Brian Laundrie's parents, Chris and Roberta Laundrie; FBI representatives; and North Port Police Department representatives.Laundrie family attorney Steven Bertolino described the expected witness list as a "wish list" told Fox News Digital that it is "not likely" the Laundries would testify.GABBY PETITO UPDATE: PARENTS FILE LAWSUIT AGAINST LAUNDRIE FAMILYThe Petito family filed the lawsuit in March, alleging that Chris and Roberta Laundrie were aware that their son killed their daughter and attempted to help him flee justice while remaining silent about the pair's respective August 2021 and September 2021 disappearances.Petito and Laundrie were traveling cross-country over the summer in Petito's van before her parents reported her missing on Sept. 11.
High gas prices bring demand for fuel to record lows ahead of peak driving season - fox29.com - Usa - Los Angeles - state California - state Oklahoma - Ukraine
fox29.com
42%
124
High gas prices bring demand for fuel to record lows ahead of peak driving season
LOS ANGELES - Gas prices are so high that demand for fuel during peak driving season this summer is expected to slump, according to experts.According to data by the Energy Information Administration compiled by Bloomberg, demand for gas has hit its lowest level during this time since 2013, excluding the impacts of the ongoing COVID-19 pandemic. Overall, high gas prices have brought demand down by 5%.Gas prices have been hitting fresh records for the past 11 consecutive days amid the energy supply crunch in the U.S., according to the American Automobile Association (AAA), which noted that the stretch of record-high prices as the pump is "unprecedented."Speaking with Fox News Digital, Andrew Gross, the national spokesman for AAA Inc. revealed that drivers should expect elevated prices throughout the summer, especially if the war in Ukraine rages on.The national average for a gallon of gas was $4.59 last week, a slight increase from the day before and a new record high.Thursday’s record was 16 cents higher than the week before, nearly 50 cents higher than the month before and $1.55 more compared to the same time last year.All 50 states had a national retail price over $4 a gallon on Thursday, according to AAA, with Oklahoma offering the cheapest gas at $4.03 a gallon and California offering the most expensive gas with an average of $6.06.
Buffalo mass shooting suspect wore hazmat suit to school, claimed he'd stabbed cat - fox29.com - New York - state New York - county Buffalo - city Hometown
fox29.com
76%
382
Buffalo mass shooting suspect wore hazmat suit to school, claimed he'd stabbed cat
Payton Gendron in the school yearbook (Photo via Fox News Digital) BUFFALO, N.Y. - The 18-year-old accused of allegedly killing 10 people and wounding three others in the Buffalo, New York grocery store shooting on May 14 that officials say is racially motivated wore a hazmat suit to class when his high school returned from its in-person learning pause due to COVID-19, yearbook pictures obtained by Fox News Digital show.Officials said that the 18-year-old, later identified as Payton Gendron, a White male, chose the Tops Friendly Market on Jefferson Avenue in Buffalo as the location for his alleged attack because it was located in a predominantly Black neighborhood, as he allegedly stated in his manifesto that the area's demographic breakdown has the "highest black percentage that is close enough to where I live."When Gendron and his classmates returned to Susquehanna Valley High School in Conklin, New York, after the school paused in-person learning during a portion of the COVID-19 pandemic, those around home noticed odd behavior and rebellious signs.BUFFALO GROCERY STORE SHOOTING: SUSPECT WORKED AT HOMETOWN MARKET IN MONTHS BEFORE 'RACIALLY-MOTIVATED' ATTACKOne of Gendron's classmates, Nathan Twitchell, told The New York Times that he wore a hazmat suit to class following the resumption of in-person learning during the COVID-19 pandemic. "He wore the entire suit: boots, gloves, everything," Twitchell said.Payton Gendron in a hazmat suit.
Buffalo mass shooting: 911 dispatcher on leave after allegedly hanging up on Tops supermarket employee - fox29.com - Los Angeles - state New York - county Buffalo - county Erie
fox29.com
43%
792
Buffalo mass shooting: 911 dispatcher on leave after allegedly hanging up on Tops supermarket employee
Buffalo, New York, mass shooting on Saturday alleged that a 911 dispatcher hung up on her while she was trying to get help, according to local reports.The dispatcher has been placed on administrative leave "pending a disciplinary hearing" that is expected to happen during the week of May 30, when "termination will be sought," Erie County office of the Executive press secretary Peter Anderson told Fox News Digital. An internal investigation into the incident began the day after the shooting on May 15, and the individual was placed on administrative leave on May 16, Anderson said. FILE - Bullet holes are seen in the window of Tops Friendly Market at Jefferson Avenue and Riley Street, as federal investigators work the scene of a mass shooting on Monday, May 16, 2022 in Buffalo, NY. (Kent Nishimura / Los Angeles Times via Getty Images)BUFFALO SHOOTING SURVIVOR RECOUNTS HARROWING ESCAPE AFTER WITNESSING START OF 'HATE'-FUELED ATTACK"Of note, the employee[']s action had no bearing on the dispatching of the call. The first call was dispatched for an immediate police response in approximately 30 seconds," Anderson added.A Tops employee named Latisha told WGRZ that when an 18-year-old shooting suspect arrived at the supermarket on the afternoon of May 14 and began his rampage that eventually killed 10 Black individuals in what FBI Director Christopher Wray is calling "a hate crime and an act of racially motivated violent extremism," she tried to call 911 for help.BUFFALO TOPS MASS SHOOTING: PAYTON GEDRON ALLEGEDLY PLANNED A ‘RACIALLY MOTIVATED’ ATTACK DOWN TO THE MINUTE"I tried to call 911, and I was whispering because I could hear him close by," Latisha told the outlet.
John Greim - Arby’s manager admits to urinating ‘at least twice’ in milkshake mix, police say - fox29.com - state Washington
fox29.com
42%
692
Arby’s manager admits to urinating ‘at least twice’ in milkshake mix, police say
Arby's fast food restaurant. (Photo by John Greim/LightRocket via Getty Images) VANCOUVER, Wash. - An Arby’s manager in Vancouver, Washington, admitted to police that he urinated twice in the restaurant's milkshake mix, and now police want to get in touch with customers. Police said their Digital Evidence Cybercrime Unit began an investigation into Stephen Sharp over possible possession and dealing dozens of photos and videos depicting the sexual exploitation of children. At least one child exploitation imagery was downloaded to one account near Arby’s at 221 NE 104th Ave, Vancouver, WA, police added. Authorities then got in contact with Sharp on May 10 and said Sharp confessed to downloading and distributing child pornography and having a sexual interest in children. RELATED: Ex-nurse RaDonda Vaught sentenced to probation in patient medication deathHe also told them he was a night manager at the Arby’s. A search warrant was then executed on Sharp’s digital devices, and police found a video of Sharp urinating into a container that was a milkshake mix from Arby’s.Police said Sharp then confessed to detectives that he urinated at least twice in the milkshake mixture for sexual gratification. According to the Columbian citing court records, Sharp told investigators that if he didn’t throw the bag away, it would have been added to another mix by the next shift and served to people.RELATED: 'If I can save one or two lives that’s good enough for me:' Former gang member works to deter crime in TacomaOfficers are asking for any customers that purchased a milkshake from the Arby’s at 221 NE 104 Ave, Vancouver WA on Oct.
Baby formula shortage: Which foods and techniques boost breast milk production? - fox29.com - China - city New York - Los Angeles - state Kentucky - state Alabama - city Birmingham, state Alabama
fox29.com
60%
368
Baby formula shortage: Which foods and techniques boost breast milk production?
Baby formula is the latest staple to be hit by supply chain shortages in the U.S.Parents of newborns and babies under six months old have taken to social media to share their concerns after seeing barren store shelves. Behind the scenes, online inquiries on how to "increase breast milk" have become a top search term in 38 states, according to recent data on Google Trends.In particular, searchers are looking into foods and methods that increase breast milk supply.BABY FORMULA SHORTAGE: KENTUCKY FAMILY REVEALS THEIR 'STRESSFUL' DRAMAHere’s what lactation experts and health care professionals want mothers to know about breast milk production before turning to diet changes or tools.FILE - A nearly empty baby formula display shelf is seen at a Walgreens pharmacy on May 9, 2022 in New York City.  (Liao Pan/China News Service via Getty Images)Rachel Taylor, a registered nurse, postpartum and lactation advocate from Birmingham, Alabama, has over 15 years of experience working with postpartum and breastfeeding mothers.Taylor told Fox News Digital that she mainly recommends lactation cookies, teas, water and a few dietary supplements or ingredients that have demonstrated beneficial results for nursing mothers.Many baby care manufacturers make prepackaged lactation cookies and other snacks for the purpose of increasing milk supply. These functional treats usually "include oats, brewer’s yeast, and flaxseed, all of which are galactogogues – molecules that help maintain and increase milk production," said Taylor.
DMCA