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Wipro and Infosys are pursuing legal action against former executives joining Cognizant, raising questions on non-compete clauses' validity in India. While Wipro sued ex-SVP Mohd Haque and CFO Jatin Dalal, Infosys accused Cognizant of unethical hiring. Experts note the challenges enforcing non-compete clauses due to constitutional rights. Past cases lack significant precedents. The desperation to retain talent amid a sluggish market and geopolitical uncertainties might be driving these legal battles among IT giants.

At least half a dozen sectoral bigwigs are leading from the front in hiring in 2024. Top companies like L&T, Tata Steel, PepsiCo, Airtel, ITC, among others, told ET that their hiring plans are on track for the coming year mostly due to expansion of existing operations, bringing cheer to the otherwise muted job market.

Non-metro cities and towns in India surpassed metros in adding white-collar jobs in 2023, with Tier-II, III, and IV cities accounting for 1.7 million new job opportunities, compared to 1.5 million in Tier-I cities, according to a study by recruitment startup My RCloud.

Tech firms such as Accenture, IBM and Genpact have lost talent, said the people, along with Infosys, Wipro, TCS, HCL Tech and Tech Mahindra, with some of their senior executives moving either to consulting roles as Partners or senior level implementation and operations roles at the top four professional services firms.

The median CTC in FY24 stands at ₹20 lakh versus ₹22 lakh in FY23 and ₹19 lakh in FY22, as per an analysis of placement data from IITs by Careernet. The highest overseas package offered this year was ₹3 crore, up from ₹2 crore in the previous year. The analysis is based on the salary packages offered in the first one week of the current placement season across 22 IITs.

Prepared in 1998, the MoP is a set of documents which guide the appointment, elevation and transfer of high court judges. Since Supreme Court judges cannot be transferred, it guides their appointment and elevation.

The government has put a cap on the number of chief general managers, general managers and assistant general managers a state-run bank can have, based on their business size. For instance, a bank with an annual business size of ₹1.6 lakh crore can have a maximum of 12 general managers.