Indian IT firms to generate fewer jobs in next 6 months: Report

Professionals asked to upskill themselves as the industry gradually turns to automation

Indian IT services companies would create fewer jobs over the next couple of quarters as more companies are focusing on shifting towards digital technologies, said a survey report released by human resource firm ManpowerGroup on Tuesday.

The report, Experis IT Employment Outlook Survey, stated that 50 per cent of the IT services companies expressed their interest to hire people during the period between October 2017 and March 2018, since the industry is re-inventing itself to automate a lot of processes using artificial intelligence and machine-learning technology.

In fact, the survey report said India would see pink slips being handed over to an increased number of senior-level professionals across Indian IT firms, on account of digitisation and a surge in recruitment of junior and mid-level professionals.

A slower job growth in the $154-billion services industry is, however, in stark contrast to other sectors in the country and captive IT units of global businesses will hire more people during this period, said the report, which surveyed around 500 Indian IT employers.

The industry has been witnessing a slowdown in traditional software maintenance services- a segment that has been acting as a core revenue generator for nearly three decades now. The slowdown was attributed to the increased demand of digital technology-based services on the part of the businesses.

“Net layoffs that are being contemplated by the IT giants are way higher than what the Indian IT industry has ever witnessed and this trend is likely to continue for the next 6-12 months,” said ManpowerGroup India.

IT professionals should look for opportunities to upskill themselves during this period, noted the report.

“Today technologies continue to rapidly shape the business landscape. A rise in new enabling technologies, such as software as a service (SaaS) offerings and cloud-based enterprise resource planning (ERP) software, along with artificial intelligence’s (AI) unprecedented speed, accuracy and cost efficiency are significant in terms of maintaining a competitive edge that are driving businesses now. (more)

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IBPS Clerk 2017: Registration Ends In First Week of October

Registration for IBPS Clerk 2017 examination began on September 12, 2017 Tuesday and is open till October 03, 2017 (Tuesday).

 

Registration for IBPS Clerk 2017 examination began on September 12, 2017 Tuesday and is open till October 03, 2017 (Tuesday). The Institute of Banking Personnel Selection (IBPS) is set conduct the IBPS Clerk Exam 2017-18 at two levels; Preliminary and Main. The prelim exam will be conducted in the first week of December 2017 i.e. 2nd, 3rd, 9th and 10th and the Main on January 21, 2018. The IBPS conducts these exams every year to recruit the capable candidates for clerical posts in the banks (Participating Organizations) that participate in this recruitment program. Those students who score minimum qualifying marks in the prelim become eligible for the Main exam. Participating Organizations include Allahabad Bank, Canara Bank, Indian Overseas Bank, UCO Bank, Andhra Bank, Central Bank of India, Oriental Bank of Commerce, Union Bank of India, Bank of Baroda, Corporation Bank, Punjab National Bank, United Bank of India, Bank of India, Dena Bank, Punjab & Sind Bank, Vijaya Bank, Bank of Maharashtra, Indian Bank and Syndicate Bank.

Candidates who will qualify in Preliminary examination and shortlisted will have to appear for Main examination. Depending on the vacancies to be filled in during the financial year 2018-19 based on the business needs of the Participating Organizations and as reported to IBPS, candidates shortlisted will be provisionally allotted to one of the Participating Organizations keeping in view the spirit of Govt. Guidelines on reservation policy, administrative convenience, etc. The validity for CWE Clerks-VII will automatically expire at the close of business on 31.03.2019 with or without giving any notice.

Important Dates : Click Here

Following is the step-by-step procedure of applying online.

  • Candidates are first required to go to the IBPS’s website www.ibps.in and click on the Home Page to open the link “CWE Clerks” and then click on the option “CLICK HERE TO APPLY ONLINE FOR CWE- Clerks (CWE-Clerks-VII)” to open the On-Line Application Form.
  • Candidates will have to click on “CLICK HERE FOR NEW REGISTRATION” to register their application by entering their basic information in the online application form. After that a provisional registration number and password will be generated by the system and displayed on the screen. Candidate should note down the Provisional registration number and password. An Email & SMS indicating the Provisional Registration number and Password will also be sent. They can reopen the saved data using Provisional registration number and password and edit the particulars, if needed.
  • Candidates are required to upload their photograph (4.5cm × 3.5cm) and signature. (more)

Doklam standoff ends: MEA says troops begin ‘disengaging’

A press statement by the Ministry of External Affairs on Monday announced the development

Troops involved in the border standoff between India and China at Doklam have begun disengaging, a press statement by the Ministry of External Affairs (MEA) said on Monday.

Shortly after the MEA statement, China’s Foreign Ministry said that Indian troops had withdrawn to the Indian side of the disputed border at Doklam, where the two countries’ soldiers had been locked in a standoff for more than two months, news agency Reuters reported.

Speaking at a daily news briefing, ministry spokes woman Hua Chunying said Chinese troops would continue to patrol the disputed Doklam region, the report added.

New Delhi and Beijing have reached an understanding for disengaging troops involved in the Doklam standoff, the MEA press statement said.

According to the statement, “expeditious disengagement” of border personnel at the face-off site has been agreed to and “is ongoing”.

The MEA statement said that during bilateral communications, “we were able to express our views and convey our concerns and interests”. It was on the basis of these communications, according to the statement, that the agreement to disengage was reached.

The People’s Daily has also tweeted that India has withdrawn its troops.

The decision to disengage troops comes ahead of a crucial BRICS summit being hosted by China in September, which Prime Minister Narendra Modi is expected to attend.

Indian and Chinese troops have been locked in a standoff since June at Doklam, located at the Sikkim section of the Bhutan-China border.

This is the longest standoff between the two armies since 1987 when they faced a similar situation at Somordong Chu Valley in Arunachal Pradesh. Read more

Amid Doklam standoff, India-China trade war looms: Chinese media

The article said that China ‘could easily retaliate’ with restrictions on Indian products

A trade war seems to be looming between India and China after New Delhi imposed anti-dumping duties on 93 Chinese products amidst a military standoff in Doklam area, two state media reports here said on.

An article in The Global Times, part of the ruling Communist Party’s publication group, urged Chinese firms to “reconsider the risks” of investing in India and warned New Delhi to be “prepared for the possible consequences for its ill-considered action.”

The article said that China “could easily retaliate” with restrictions on Indian products, but added that it “doesn’t make much economic sense” for the country.

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It cited figures from the Indian embassy in China to show that Indian exports fell by 12.3 per cent year-on-year to $11.75 billion while India’s imports from China rose by 2 per cent to $59 billion, resulting in a trade deficit of $47 billion.

According to the Indian Commerce Ministry, the trade deficit with China last year mounted to over $52 billion when the bilateral trade stood at $70 billion.

“A trade war between China and India seems to be looming after the latter moved last Wednesday to impose anti-dumping duties on 93 products from China,” the report said.

“If India really starts a trade war with China, of course China’s economic interests will be hurt, but there will also be consequences for India,” it said.

The report on trade comes as India and China have been locked in a tense military standoff in Doklam in the Sikkim sector. Read more

Qatar offers visa-free entry to India, 79 other nations amid Gulf crisis

Energy-rich Qatar’s economy took a hit since Saudi Arabia, UAE, Egypt, Bahrain moved to isolate it

Qatar announced on Wednesday it was scrapping visa requirements for visitors from 80 countries as it weathers a boycott by four Arab states and gears up to host the World Cup in 2022.

Under the new policy announced by Qatar Airways and authorities, citizens of 33 mostly European countries can enter without a visa for 90 days in single or multiple trips during a 180-day period.

Americans, Britons, Canadians and citizens of 44 other countries can enter visa-free for an initial 30 days on single or multiple trips, and can extend that for a further 30 days.

Energy-rich Qatar’s economy has taken a hit since Saudi Arabia, the United Arab Emirates, Egypt and Bahrain moved to isolate it two months ago over allegations it supports extremists.

Also Read : Current Affairs on News

The quartet of Arab nations is particularly irked by Qatar’s ties with Iran and its support of Islamist opposition groups. Qatar denies it backs terror groups and says the allegations against Doha are politically motivated.

The four countries cut diplomatic and transport links with Qatar in June, and barred Qatar from using their airspace and shipping lanes.

In a related development, the UAE and Bahrain today sought to clarify a statement made the day before by the International Civil Aviation Organization, which said both countries had agreed to open up some of their airspace, including new “temporary or contingency” routes, for Qatar Airways.

The two, in statements carried on the UAE’s and Bahrain’s state-run news agencies, said that they had not agreed to open up their airspace in full to Qatari flights but to only allow Qatari aircraft to use their airspace located above international waters.

Tim Cook explains why India could be the next China for Apple

Apple’s game plan is to turn India into the next China, not only in terms of sales but also manufacturing and exports

As sales of Apple’s flagship iPhone slow globally, the company’s bullishness that India will emerge as a major driver of volumes is causing an acceleration in its investments here.

In the last quarter alone, Apple’s iOS app accelerator, as well as its manufacturing unit run by contract manufacturer Wistron in Bengaluru, went online. These investments are in addition to the company’s overall investment in growing its sales channel and marketing more to consumers in India.

“We began to produce the iPhone SE there during the quzjbzarter, and we’re really happy with how that’s going. And so we’re bringing all of our energies to bear there. I see a lot of similarities to where China was several years ago,” said Tim Cook, CEO of Apple, in a call with investors on Tuesday.

Apple’s game plan is to turn India into the next China, not only in terms of sales but also manufacturing and exports. The company has been engaged with the Indian government to receive sops for setting up full fledged manufacturing and not just iPhone assembly for over a year now.

The going is a bit slow due to India’s unwillingness to grant subsidies specific to Apple and the former is looking at a policy that can attract all smartphone makers to manufacture

their devices here.

Company News : While sales of the iPhone have been growing at a blistering pace in India, analysts said the growth Apple is seeing is nothing out of the ordinary. With a base of just 2-3 per cent of India’s overall smartphone market, Apple still has a long way to go, especially in convincing Indians to buy its latest iPhone each year.

However, everyone seems to agree with Cook’s reading that the India market will provide a significant opportunity for Apple to sell millions of its high-end devices.

Apple has for long maintained that as network infrastructure in India gets better, more customers will begin to see the benefits of owning an iPhone. This combined with a young population that is aspirational by nature is what could turn India into Apple’s next China.

ICC Champions Trophy: 5 reasons why India lost to Pakistan in the final tie

The beginning of the end for India came right with the call to field first after winning the toss

Companies News : The hopes of more than a billion Indian seemed to have come a cropper on Sunday when their national team was handed a humiliating defeat by arch-rivals Pakistan in the final match of Champions Trophy, 2017. Played at the Oval in London, the match saw India crumbling in their chase of 339 runs and getting bundled out for a lowly 158.

Worse, the debacle for India – their biggest margin of defeat in an ICC tournament yet – came in their first clash with Pakistan in a summit match since 2007. Before this, India’s 125-run loss to Australia in the 2003 World Cup final, at Johannesburg’s New Wanderers Stadium in South Africa, had been their most crushing defeat.

While it was embarrassing for India, the emotions on Pakistan side were those of jubilation that comes with unexpected triumph. At the 8th spot in ODI rankings, Pakistan were the lowest-ranked team at the beginning of Champions Trophy 2017. But the way they downed the favourites like South Africa, Sri Lanka and England, and finally India, will be remembered by cricket enthusiasts for a very long time.

Among the most spectacular takeaways from Sunday’s game were the phenomenal opening spell by left-arm Pakistan pacer Mohammad Amir and the brilliant maiden century by Fakhar Zaman, besides sublime field performance by Sarfraz Ahmed’s boys.

Here are five turning points in the match that took the game away from India:

1. The toss: Banking on India’s recent record of successfully chasing down big targets, India skipper Virat Kohli opted to put Pakistan in to bat first. This, it turns out, would have been a good toss to lose for India, as Pakistan captain Sarfaraz Ahmed also said he, too, would have elected to field if he had won the toss.(more)