India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Bengaluru, July 11 (UNI) Global Capability Centres (GCCs) in India are undergoing a seismic shift from being cost-optimisation back offices to becoming strategic hubs for revenue generation and product innovation, said Anuj Agarwal, founder and CEO of Workplace Awards, as he unveiled what he termed the "GCC 4.0" transformation model. "Till now, GCCs primarily served to reduce the bottom line for their global headquarters. But the fourth wave, GCC 4.0, is all about contributing to topline growth," Agarwal told reporters. "These centres are now building core products and becoming critical to the global value chain." This evolution, he said, is changing how Fortune 500 companies view their India operations, no longer as outsourced support, but as innovation-led centres of excellence. "India has historically lagged in developing global-standard products, but these GCCs are now creating the confidence and capability needed to change that," he noted. Agarwal also emphasised that the Workplace Awards platform is not just about accolades. "Our goal is to inspire transformation. Recognition is important, but connection and association are critical. We help GCCs connect with peers and identify the right partners to help them scale and localise effectively." He noted that networking remains the biggest source of learning. "Our platform creates a space for leaders to interact, learn from one another, and identify what drives workplace performance and employee engagement in India." Over the last 18 months, Workplace Awards has turned its spotlight on GCCs, especially those whose customer base lies outside India but whose operations remain largely under-recognised. "These are billion-dollar companies, doing exceptional work in India, but rarely acknowledged. That is the gap we are addressing," he said. The first edition saw participation from around 250 GCCs; this year the number is expected to rise to 400, with 60 percent of them based in Bengaluru and the rest spread across India. Agarwal outlined the rigorous six-month evaluation process which includes over 2,500 nominations, detailed surveys, online reputation analysis, and multi-tier ranking. "It's not just about who applies, it's about who qualifies. We filter through data, research growth trajectories, review workplace practices, and rank them based on holistic criteria." The shortlisted companies are evaluated on a "medium scale" that determines eligibility for recognition, while the highest-ranked ones are ultimately awarded. UNI BDN SS
Srinagar, Nov 27 (UNI) Jammu and Kashmir's Road Transport Corporation (RTC), a crucial backbone of public transportation, has raised serious concerns over the barring of its buses from entering Srinagar city limits. The move has triggered alarm within the Corporation, with officials cautioning about significant disruptions to public transport services and daily commutes, alongside substantial financial losses for the RTC. The restriction, in effect since November 4 when the maiden session of the Assembly commenced, is causing a daily revenue loss of Rs. 4 lakh to the Corporation. In a lette ...Read More >
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
Kolkata (West Bengal) [India], June 27 (ANI): A female student was allegedly gang-raped inside a law college in Kolkata's Kasba on Wednesday evening. The police have arrested all three accused within 24 hours. The three accused, named as Monojit Mishra (31), Zaib Ahmed (19), and Pramit Mukhopadhyay (20), were former students or staff members of the same law college. Also Read | Student Gang-Raped at South Kolkata Law College: Police Arrest 3 Youths for Sexually Assaulting Young Woman Inside Law College. According to the police, the accused named in the FIR will be produced before the A.C.J. ...Read More >
BENGALURU - Altimetrik, a pure-play AI, Data and Digital engineering solutions company, today announced the signing of a definitive agreement to acquire SLK Software ("SLK"), a global technology services firm focused on delivering AI, intelligence automation and analytics solutions. The acquisition will further strengthen Altimetrik's end-to-end enablement services and expand its customer reach, with a clear path to accelerate towards Altimetrik's goal of reaching $1billion in annual revenue. The transaction remains subject to customary closing conditions and is expected to close in the second ...Read More >
Chennai (Tamil Nadu) [India], July 2: Entrepreneur India EV 2025, held in Chennai on June 27-28, catalyzed bold conversations around India's electric future, bringing together policy visionaries, industry stalwarts, and capital enablers. The summit was a powerhouse of insights, partnerships and next-gen strategies--making it clear that India isn't just part of the global EV race; it's aiming for pole position. Also Read | FIFA Club World Cup 2025: Gonzalo Garcia's Goal Sends Real Madrid Into Quarterfinals With 1-0 Win Over Juventus (Watch Goal Video Highlights). Kicking off the two-day confe ...Read More >
New Delhi: Indian-origin Vaibhav Taneja, Tesla's Chief Financial Officer, has emerged as a key figure in Elon Musk's newly announced political venture, the America Party (AMEP). Tesla owner Elon Musk on Sunday announced a new political party called the 'America Party'. In the official filing of this party, Musk named Vaibhav Taneja as the Custodian of Records and Treasurer. According to a report by The Wall Street Journal, Vaibhav Taneja, Tesla's Chief Financial Officer (CFO), has earned a staggering USD 139 million in total compensation in 2024 -- making it the highest in the world for any CF ...Read More >
New Delhi, Dec 3 (UNI) In its first results post listing, on-demand convenience platform, Swiggy on Tuesday announced a 30 percent growth in Gross Order Value at Rs 11,306 crore for the quarter and half year ended September 30, 2024. Swiggy's overall Gross Order Value (GOV) grew 30 percent YoY to reach Rs 11306 crore, while the consolidated adjusted EBITDA loss of Rs 341 crore represented a reduction in the loss by 30 percent YoY. Platform Average Monthly Transacting Users (MTU) grew 19.2 percent YoY to 17.1M, the company said in a release. Sriharsha Majety, MD & Group CEO, Swiggy, said "The ...Read More >
New Delhi, Jul 2 (PTI) Artificial Intelligence (AI) might be becoming more integral in a company's decision-making and strategy development but employers still continue to turn to business school graduates for their versatility and strategic thinking, according to a new survey by Graduate Management Admission Council (GMAC). Employers might be reporting ongoing influence of inflation and recession fears on their hiring decisions but recent business school graduates can remain optimistic about their career prospects, buoyed by the accelerating integration of AI across the landscape, the survey ...Read More >
Lucknow, July 3 (UNI) The Yogi Adityanath government has taken significant steps to strengthen water conservation and land management efforts across rural Uttar Pradesh. As part of this initiative, Chief Minister Yogi Adityanath has constituted Watershed Committees at the Gram Panchayat level, in line with the guidelines of the Pradhan Mantri Krishi Sinchayee Yojana 2.0. These committees will function under the leadership of the Gram Pradhan to ensure effective conservation, management, and development of local water resources. According to G S Naveen, Chief Executive Officer of the State L ...Read More >
Mumbai (Maharashtra) [India], July 14: TAC Security, Inc. (U.S.-Delaware), a wholly owned subsidiary of TAC InfoSec Limited (NSE:TAC), announces the incorporation of a wholly-owned subsidiary in Canada, named TAC Security, Inc. (Canada), or by any other name as available in the commercial register. This move is a strategic step in strengthening TAC Security's position in North America and marks an important milestone in the company's global growth strategy. Also Read | S Jaishankar on 3-Day China Visit: EAM Meets Chinese Vice President Han Zheng, Stresses 'Mutually Beneficial' Outcomes Throug ...Read More >
New Delhi [India], July 14 (ANI): India holds the potential to unlock an economic contribution of USD 470-600 billion by 2030 through GCCs (Global Capability Centres) and it would be a critical enabler of India's USD 1 trillion services export vision, Romal Shetty, CEO, Deloitte South Asia, said on Monday. Speaking at the CII GCC Business Summit, Shetty said India currently hosts approximately 1,800 GCCs. 'With the right policy environment, ecosystem support, and coordinated action, there is a realistic aspiration to scale this to 3,400-5,000 centres over the next few years,' he said. He sa ...Read More >
New Delhi, Jul 15 (PTI) India's Global Capability Centres (GCCs) saw a rise in hiring volumes by 8-10 per cent in the first quarter of FY26, compared to a subdued fourth quarter of FY25, which saw a decline of 3-6 per cent, reflecting a return to strategic, skill-focused recruitment practices. The sector is deliberately moving away from volume hiring, focusing instead on securing high-value talent in AI, platform engineering, and cybersecurity, exacerbating critical skill shortages across the country, according to a report by staffing and workforce solutions provider Quess Corp. "Q1FY26 mark ...Read More >
New Delhi, June 6: In line with the government's vision for self-reliance, navratna defence PSU Bharat Electronics Limited (BEL) on Friday announced a collaboration with Tata Electronics towards the development of indigenous electronics and semiconductor solutions. The memorandum of understanding (MoU) is a significant step forward for BEL and Tata Electronics in jointly exploring end-to-end solutions to meet domestic requirements., BEL said in a stock exchange filing. BEL and Tata Electronics will explore end-to-end collaboration in areas such as semiconductor fabrication (Fab), Outsourced S ...Read More >
New Delhi [India], July 2 (ANI): In FY 2025, Global Capability Centres (GCCs) in India showed a clear preference for larger office spaces despite a slight decline in the number of overall transactions. The number of GCC transactions fell by 4 per cent to 305, but the total leased office area grew significantly according to a report by real estate services firm Vestian. Large transactions -- defined as deals above 1 lakh square feet -- increased by 44 per cent, rising from 15.8 million sq ft in FY 2024 to 22.8 million sq ft in FY 2025. This trend suggests that GCCs are focusing on long-term g ...Read More >
PNN New Delhi [India], July 8: In a strategic move to reinforce its position as a forward-thinking organization, TRC Corporate Consulting Private Limited has revamped its brand identity with the launch of a refreshed logo. TRC rebranding signifies a renewed vision to pivot TRC into a tech-driven global consulting firm, moving ahead firmly to protect organizations against emerging business risk in a dynamic and ever-changing environment. The new logo, imbued with a vibrant green palette, serves as a symbol of progress, vitality, and strategic foresight. Every element has been thoughtfully des ...Read More >
Bengaluru: India ranks among world's top 10 tech markets in 2025, particularly standing out in terms of talent availability, with its top six cities making the top 10 list for tech talent acquisition in the Asia-Pacific region, a report showed on Thursday. The Asia Pacific region is gaining momentum as a global tech talent hub, being home to three of the world's top 10 locations - Bengaluru in India, Tokyo in Japan and Beijing in China, said the report from Colliers. "India is a powerhouse of tech talent and a key player in the global innovation ecosystem, supported by availability of skille ...Read More >
Policy 3 min read Need to streamline policies to make India GCC hub: Official India aims to become a global hub for Global Capability Centres. Senior officials suggest streamlining national policies to emulate successful state models. Focus is on talent, infrastructure, and regulatory initiatives. The government plans a national framework to guide states in promoting GCCs in Tier II cities. Efforts are underway to boost employment and collaborate with global partners for workforce mobility. New ...Read More >
New Delhi, Jul 15 (PTI) India's Global Capability Centres (GCCs) saw a rise in hiring volumes by 8-10 per cent in the first quarter of FY26, compared to a subdued fourth quarter of FY25, which saw a decline of 3-6 per cent, reflecting a return to strategic, skill-focused recruitment practices. The sector is deliberately moving away from volume hiring, focusing instead on securing high-value talent in AI, platform engineering, and cybersecurity, exacerbating critical skill shortages across the country, according to a report by staffing and workforce solutions provider Quess Corp. "Q1FY26 mark ...Read More >
New Delhi [India], December 4 (ANI): The GSEC in Hyderabad will be the first of its kind in the APAC region after Tokyo and only the fifth globally, with similar facilities in Dublin, Munich, and Malaga, according to a statement. This GSEC is a specialised international cybersecurity hub designed to play a crucial role in developing advanced security and online safety products tailored for the Indian context. The centre will focus on cutting-edge research, AI-driven security solutions, and creating a collaborative platform for leading experts and researchers in cybersecurity. It also aims to ...Read More >
Srinagar, Jun 7 (PTI) Authorities on Saturday barred Eid prayers from taking place at the Eidgah ground and the Jama Masjid in the old city here, while Hurriyat Conference chairman Mirwaiz Umar Farooq claimed that he was put under house arrest. "Anjuman Auqaf Jama Masjid Srinagar deeply regrets to inform that the authorities have once again disallowed Eid-ul-Adha prayers at the Eidgah as well as at the historic Jama Masjid in Srinagar by closing the gates of the mosque and deploying police personnel outside," the management of the historic mosque said in a statement. ...Read More >
Bengaluru, Jun 7 (PTI) A 26-year-old man allegedly beheaded his wife following a heated argument on the outskirts of Bengaluru after he suspected her of having an extra-marital affair, police said on Saturday. After killing Manasa, Shankar travelled with her severed head on his scooter to the nearest police station and confessed to the crime, they said. The man was later arrested, police said, adding that the incident occurred at Heelalige village, near Chandapura, Anekal taluk late on Friday. According to the police, the couple were married for over five years and have a four-year-old daug ...Read More >
New Delhi - Even as employers report ongoing influence of inflation, recession fears, and country leaders on their hiring decisions, recent business school graduates can remain optimistic about their career prospects, buoyed by the accelerating integration of artificial intelligence (AI) across the modern business landscape. According to the latest annual survey of global corporate recruiters released today by the Graduate Management Admission Council (GMAC), problem-solving and strategic thinking remain the top skills employers desire today and tomorrow. In addition, new hires' knowledge of u ...Read More >
Srinagar, July 9: Chief Minister Omar Abdullah today chaired the Board meetings of Sher-i- Kashmir International Convention Centre (SKICC) and Jammu & Kashmir Tourism Development Corporation (JKTDC) after the Boards were reconstituted recently with Chief Minister as chairman of both the Boards. CM chaired back-to back board meetings here at SKICC Srinagar. He presided over the 19th board meeting of SKICC which was attended by Advisor to the Chief Minister Nasir Aslam Wani, Chief Secretary Atal Dulloo, Administrative Secretaries of Finance, Tourism, DG Planning, Director Tourism, MD JKTDC and ...Read More >
Mumbai (Maharashtra) [India], November 28: Pioneering furniture fittings solutions brand Hettich India is proud to announce that it has been officially certified as a Great Place to Work, a recognition that celebrates the company's unwavering commitment to creating an ecosystem where everybody thrives. Also Read | Diljit Dosanjh Concert in Kolkata 2024: Planning to Attend Dil-Luminati Tour, Don't Miss These 5 Must-Try Local Foods. This honor is especially meaningful, with an overwhelming 95% participation from employees helping Hettich India. It reflects a shared commitment to creating a fam ...Read More >
New Delhi, June 5 (UNI) The Delhi International Open Grandmasters Chess Tournament (Delhi GM Open) is set to make a grand return this June with a record prize pool of Rs 1.21 crore. Triveni Sports has come on board as the Associate Sponsor for the 21st edition, marking a major boost for one of India's most prestigious chess events. Organized by the Delhi Chess Association (DCA), the tournament will take place from June 7 to 14 here, drawing over 2,500 players from more than 15 countries, including 20 Grandmasters ,across three rating-based sections. Held under the aegis of the All-India Ch ...Read More >
Hyderabad - Synchrony is a leading consumer financial services company providing customers with innovative savings and premium credit solutions. Synchrony has been ranked #2 among India's Best Companies to Work For™ 2025 by Great Place to Work®, the global authority on workplace culture. This prestigious recognition, revealed at the awards ceremony on June 25, 2025, solidifies Synchrony's standing as a top employer of choice in India, underscoring its ongoing commitment to creating a high-trust, high-performance workplace culture that champions innovation, flexibility, and employee well-being. ...Read More >
Kolkata, June 28: A political slugfest has erupted in West Bengal after a woman accused Padma Shree awardee monk Kartik Maharaj, who is posted with the Murshidabad unit of Bharat Sevashram Sangha, of allegedly raping her 12 times for six months in 2013. As per the police complaint lodged by the woman, Kartik Maharaj raped her multiple times 12 years ago promising her a job at a local school. The ruling Trinamool Congress is highlighting the issue in a major way and accusing the BJP of being silent on it since the accused monk had been reportedly close to the saffron party. The woman accusin ...Read More >
New Delhi : In a market flooded with predictable upgrades and overpromised specs, TECNO takes a bold leap forward with the launch of its latest powerhouse duo -- the POVA 7 Series on Flipkart. Known for delivering value-packed innovation focused on real user needs, TECNO brings POVA 7 and POVA 7 Pro to the mid-premium segment, combining serious performance, intuitive AI, and smart connectivity, all wrapped in a design built for India's new-age learners, digital hustlers, and creators. Staying true to its #BetterFasterStronger promise, the series continues TECNO's tradition of constant innovati ...Read More >
Mumbai, June 6 (SocialNews.XYZ) India will soon have its first professional basketball league, marking a transformative moment for the country's sports sector and fulfilling the long-term dream of the Basketball Federation of India (BFI). The innovative professional basketball league, which will have structured competitive leagues in 5x5 and 3x3 formats for both men and women, was launched in Mumbai on Friday and will be run by BFI and ACG Sports Private Limited. The groundbreaking initiative will result in establishing a comprehensive professional ecosystem that opens the door for athletes ...Read More >
New Delhi, Jun 29 (PTI) Indian IT majors are aggressively repositioning themselves as AI-native firms, focusing on high-margin applications and integration over high-risk, capital-intensive foundational research. A deep dive into the FY25 annual reports from the industry behemoths --- TCS, Infosys, Wipro, and Tech Mahindra -- indicates that in the global AI race, India's tech titans are not competing to invent foundational AI, they are positioning themselves to become premier integrators of it. The shift from general digital transformation to a specific AI focus is captured in the very title ...Read More >