IT sector adds fewer hands; BigBasket’s muted financials

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Happy Friday! Hiring in India’s IT sector declined significantly in the April-June quarter. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Setu rejigs top shelf
■ SuperK raises funds
■ PhysicsWallah IPO gets Sebi nod


Top six IT firms saw staff additions plunge 72% in Q1

Hiring Across Companies

India’s $280 billion sector experienced a sharp slowdown in hiring during the April-June quarter, with the top six IT companies adding just 3,847 employees in Q1 FY26.

Steep decline: This represents a nearly 72% drop from the 13,935 additions in the…



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IT sector adds fewer hands; BigBasket’s muted financials


Happy Friday! Hiring in India’s IT sector declined significantly in the April-June quarter. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Setu rejigs top shelf
■ SuperK raises funds
■ PhysicsWallah IPO gets Sebi nod


Top six IT firms saw staff additions plunge 72% in Q1

Hiring Across Companies

India’s $280 billion sector experienced a sharp slowdown in hiring during the April-June quarter, with the top six IT companies adding just 3,847 employees in Q1 FY26.

Steep decline: This represents a nearly 72% drop from the 13,935 additions in the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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