Credit Suisse plans to hire 1000 IT employees in India

Rtv news

19 May 2021, 18:51

Photo: Collected

Credit Suisse Group said it planned to hire over 1,000 IT employees in India this year to show its commitment to the country and its intention to establish it as a global technology innovation center for the bank.

Follow Rtv Online English on Google news

The hires will comprise of developers and engineers with capabilities in emerging technologies such as cybersecurity, data analytics, cloud, API development, machine learning and artificial intelligence to support the bank’s digital aspirations, the Swiss bank said in a statement on Tuesday.

India’s software service exporters have done well throughout the Covid-19 pandemic as companies the world over rushed to upgrade technology. But as demand for IT professionals rises, tech giants are facing higher staff attrition.

This scenario is playing out at all the top four information technology companies — Tata Consultancy Services, Infosys, HCL Technology and Wipro — where the attrition rate was in the range of 7.2% to 15.2% in the year ended March.

As companies shift their workforces online due to the pandemic, Indian IT companies have reaped record profits since the December quarter. They now expect the digital transformation that companies had undertaken to be completed in two years, an acceleration from the three to five years they had previously expected.

Source: pt Profit

Comments

Most Viewed News Of Economy

Bribery, corruption main barriers to promote business in Bangladesh: US report

The '2024 National Trade Estimate Report on Foreign Trade Barriers' published on March 29 identified barriers to government procurement, intellectual property protection, digital trade, investment and labour rights in Bangladesh. According to the NTE report published by United States Trade Representative Catherine Tai, the United States faces several obstacles in doing business with Bangladesh. Bangladesh faces obstacles in the export of goods and services, foreign direct investment and e-commerce. NTE reports have been published regularly since 1985. This year's NTE report highlights significant foreign trade barriers in 59 markets. According to the report, corruption is a widespread and chronic problem in Bangladesh. And the implementation of anti-corruption laws is not enough. It also said that bribery and extortion are common in commercial transactions despite bribery transactions and gifts being illegal. US companies have also complained that they are forced to pay bribes to get licenses. The report also mentions that the government has tried to weaken the anti-corruption rules in procurement. According to the report, US companies have complained that it takes a long time to get licenses and tenders approved because government officials in Bangladesh demand bribes.

Export earnings rise 10% in March

The export of goods valued at $5.10 billion in March this year. Export earnings increased by about 10 percent. This information was revealed in the updated report of the Export Promotion Bureau (EPB) released on Tuesday (April 2). However, The earnings from exported goods fell short of the export target form the last month by 0.88 percent. In the first nine months (July-March) of the current fiscal year, overall exports worth $43.55 billion, which is 4.39 percent higher than the same period of the previous year, according to the EPB data. Meanwhile, export earnings in readymade garments, agriculture and plastic sectors have increased. In the nine months of the fiscal year, export earnings in the readymade garment sector increased by about 5.5 percent.

LPG price cut by Tk 40 for 12 kg cylinder

Bangladesh Energy Regulatory Commission (BERC) has reduced the price of a 12-kg cylinder of liquefied petroleum gas (LPG) by Tk 40 at the retailer level. The newly fixed price of LPG is Taka 1,442, which was Taka 1,482. BERC Chairman Nurul Amin announced the new price at a press conference on Wednesday (April 3) noon. The new prices will be effective from 6 pm. Meanwhile, On March 3, the price of LPG was increased at the consumer level for the eighth consecutive month. Earlier On February 4, the BERC raised the price of a 12-kg cylinder by Tk 41 to Tk 1,474.

BASIC Bank to merge with City Bank

This time, BASIC Bank will merge with City Bank. This decision was taken in a meeting held at Bangladesh Bank on Monday. The decision was taken at a meeting held at Bangladesh Bank on Monday (April 8). The meeting was held between Bangladesh Bank Governor Abdur Rauf Talukdar and City Bank Chairman Aziz Al Kaiser along with Managing Director (MD) Mashrur Arefin. Earlier on March 19, City Bank's board was advised to merge BASIC Bank. Then the matter was discussed between the boards of City and BASIC Bank. According to some sources, even if the two banks are merged, they will report separate financials for the next three years.

Gold prices hit a record high

Gold prices creating records one after another in the world market. The price of this precious metal is constantly increasing. For the first time in history, gold prices rose above $2,400 per ounce to an all-time high on Friday ( April 12). Earlier, on April 5, gold prices crossed $ 2,300 an ounce for the first time in the world market. Just seven days later, on Friday, the price exceeded $ 2,400. Which is the highest in the world market. Experts had expected the price of gold to exceed $ 2,300 per ounce this year. It has already exceeded. The price of gold will increase further. Economist Mahfuz Kabir said that the price of gold is increasing in the world market mainly due to the Federal Reserve's indication of reducing interest rates and geopolitical tensions. When interest rates fall, people choose gold as a medium of investment. As a result, the price surges. Gold is now being sold at the highest price in the world market. This price may increase further.

Credit Suisse plans to hire 1000 IT employees in India

Bribery, corruption main barriers to promote business in Bangladesh: US report

Export earnings rise 10% in March

LPG price cut by Tk 40 for 12 kg cylinder

BASIC Bank to merge with City Bank

Gold prices hit a record high

Canada Must Strengthen Its Response to Transnational Repression from China

Paris 2024 Games flame to be lit in ancient Olympia

Chinese exodus leaves Cambodia boomtown with 500 'ghost buildings'

Sudden rain in the capital