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New Delhi, Oct 16 (SocialNews.XYZ) Global capability centres are expected to lease an additional 50-55 million square feet of Grade A office space in FY2027, representing around 40 per cent of total demand in India's top six office markets, a report said on Thursday. The number of GCCs is expected to rise from approximately 1,700 to over 2,500 by 2030, generating over $100 billion in revenue and scaling workforce capacity by 1.5-2 times, according to rating agency ICRA. The country's unique co ...Read More >
Bengaluru (Karnataka) [India], October 16: Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $5,076 million in Q2 revenues, year on year growth of 2.9 and sequential growth of 2.2 in constant currency. Operating margin was at 21.0. Free cash flow generation was strong at $1.1 billion, 131.1 of net profit. TCV of large deal wins was $3.1 billion, with net new of 67. Employee headcount increased by 8,203. Second consecutive ...Read More >
New Delhi [India], October 16 (ANI): Global Capability Centres (GCCs) are expected to lease an additional 50-55 million square feet (msf) of Grade A office space across India's top six markets during FY2026-FY2027, contributing 38-40% of the overall office demand, according to a report by rating agency ICRA. The rating agency said that the surge in GCC activity is expected to significantly boost commercial real estate in Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region, and ...Read More >
Mumbai (Maharashtra) [India], October 16: Dun & Bradstreet, a leading global provider of business decisioning data and analytics, successfully hosted the GCC Summit 2025 on September 12, 2025, at Le Meridien, Hyderabad, under the theme Harnessing India Capabilities for Global Growth. The summit brought together over 150 senior leaders from Global Capability Centers (GCCs), multinational corporations, and industry experts to explore India evolving role as a global hub for innovation, talent, and ...Read More >
MUMBAI, India, Oct. 16, 2025 /PRNewswire/ -- Dun & Bradstreet, a leading global provider of business decisioning data and analytics, successfully hosted the GCC Summit 2025 on September 12, 2025, at Le Meridien, Hyderabad, under the theme 'Harnessing India's Capabilities for Global Growth'. The summit brought together over 150 senior leaders from Global Capability Centers (GCCs), multinational corporations, and industry experts to explore India's evolving role as a global hub for innovation, tal ...Read More >
MUMBAI, India, Oct. 16, 2025 /PRNewswire/ -- Dun & Bradstreet, a leading global provider of business decisioning data and analytics, successfully hosted the GCC Summit 2025 on September 12, 2025, at Le Meridien, Hyderabad, under the theme 'Harnessing India's Capabilities for Global Growth'. The summit brought together over 150 senior leaders from Global Capability Centers (GCCs), multinational corporations, and industry experts to explore India's evolving role as a global hub for innovation, tal ...Read More >
Empowering Indian travellers with smarter, seamless, and borderless spending MUMBAI, India, Oct. 14, 2025 /PRNewswire/ -- Wizz Financial, a first truly global Indian fintech group, proudly announces the launch of the AI-enabled 'Wizz Voyager' multi-currency card, in direct partnership with Visa, a global leader in digital payments, marking a groundbreaking milestone in India's travel and fintech landscape. Designed for today's global citizens, the Wizz Voyager card allows seamless spending in ...Read More >
New Delhi, Oct 13 (PTI) Infrastructure major Larsen & Toubro (L&T) on Monday said its power transmission and distribution vertical has bagged 'large' grid infrastructure orders in the Middle East. According to the company's project classification, a 'large' order is worth Rs 2,500 crore to Rs 5,000 crore. The 400kV super grid interconnection linking the electricity networks of GCC member states has helped in efficient utilization of generation capacity and has improved the overall grid resilie ...Read More >
India's office leasing market achieved a record performance in the first nine months of 2025, with the absorption hitting 59.6 million square feet, a report said on Monday. Technology companies held the highest share in office leasing between January and September, said the report from real estate consultancy CBRE South Asia Pvt. Ltd. "As occupiers seek future-ready spaces, sustained preference for flight-to-quality assets continues to anchor this momentum. The sustained leasing in premium ass ...Read More >
(Reuters) -Eli Lilly will invest more than $1 billion in India in the coming years to boost manufacturing and supply through local drugmakers, the company said on Monday, as it seeks to tap into skilled workforce to bolster its global manufacturing expansion. The collaborations aim to increase the availability of Lilly's key drugs, including those for obesity, diabetes, Alzheimer's, cancer and autoimmune conditions, the company said. "We are making significant investments to increase manufactu ...Read More >
New Delhi, Oct 6 (Prensa Latina) Indian Minister of Commerce and Industry Piyush Goyal traveled to Doha to co-chair the meeting with Sheikh Faisal bin Thani bin Faisal Al Thani, his Qatari counterpart, on trade and to discuss new actions to boost bilateral trade. Goyal's visit underscores the importance India places on its trade and investment ties with Qatar, one of the most important trading partners in the Gulf Cooperation Council (GCC), with bilateral trade estimated at more than US$14 bill ...Read More >
The Maharashtra state cabinet has introduced a comprehensive cancer care policy, enhancing treatment through a three-tier system. New policies include the establishment of MAHACARE Foundation and MahaGeotech Corporation, Maharashtra Global Capability Centre Policy 2025, and an additional electricity sales tax for renewable energy initiatives. The Maharashtra state cabinet has taken a significant step by introducing a comprehensive cancer care policy aimed at strengthening healthcare within the ...Read More >
By Sai Ishwarbharath B, Haripriya Suresh and Rishika Sadam BENGALURU/HYDERABAD (Reuters) -Donald Trump's H-1B visa crackdown will hasten U.S. firms' shift of critical work to India, turbocharging the growth of global capability centres (GCCs) that handle operations from finance to research and development, economists and industry insiders say. The world's fifth-largest economy is home to 1,700 GCCs, or more than half the global tally, having outgrown its tech support origins to become a hub of ...Read More >
BENGALURU/HYDERABAD: Donald Trump's H-1B visa crackdown will hasten U.S. firms' shift of critical work to India, turbocharging the growth of global capability centres (GCCs) that handle operations from finance to research and development, economists and industry insiders say. The world's fifth-largest economy is home to 1,700 GCCs, or more than half the global tally, having outgrown its tech support origins to become a hub of high-value innovation in areas from design of luxury car dashboards t ...Read More >
Mumbai (Maharashtra) [India], September 30 (ANI): Navi Mumbai International Airport (NMIA) has been granted its Aerodrome Licence by the Directorate General of Civil Aviation (DGCA). The licence was awarded after NMIA met all necessary safety and regulatory requirements set forth by the aviation authority, according to an official statement released on Tuesday. Also Read | How To Download Arattai App on Your Mobile Device? Know Steps and How Zoho's App Is Different From WhatsApp in Terms of Fe ...Read More >
Hyderabad (Telangana) [India], September 16: VBeyond Digital, a New Jersey-based IT solutions and digital transformation consulting firm, announced the global expansion of its GCC Advisory & Execution services. It provides multi-national companies with strategic, end-to-end support to expand their presence with GCCs in India from strategy to go-live and operations management. VBeyond Digital offers flexible engagement models--Captive, Semi-Captive with Build-Operate-Transfer (BOT), and Full BOT, ...Read More >
Yogi Adityanath has set the target of making Uttar Pradesh a 6 trillion dollar economy by 2047 | Credit: ANI The Uttar Pradesh government has unveiled its 'Viksit Uttar Pradesh - Samarth Uttar Pradesh @2047' vision, setting an ambitious target to become a $6 trillion economy by 2047. The roadmap focuses on three key missions - Inclusive Development, Economic Leadership, and Cultural Renaissance - and three themes - Economic Strength, Creative Power, and Vitality. Chief Minister Yogi Adityanath ...Read More >
India's Global Capability Centers (GCCs) are evolving from cost-saving back offices to innovation hubs, driving global product development and digital solutions. With over 1,600 GCCs currently, projected to generate $121 billion in revenue by 2030, India is becoming a strategic innovation powerhouse. For decades, India has been perceived globally as the world's back office, a reliable destination for IT services, business process outsourcing, and support functions. But in recent years, this nar ...Read More >
New Delhi: The Confederation of Indian Industry has called for establishing a National Global Capability Centres (GCC) Council through exclusive legislation to develop next-generation Digital Economic Zones, helping unleash the true potential of GCCs that have lately been at the vanguard of creating technology jobs at the country's top outsourcing hubs. The proposed council would help deepen the industry-academia partnership, the apex industry body said, as part of its 'Suggested Framework for ...Read More >
New Delhi: Leading industry body Confederation of Indian Industry (CII) on Sunday unveiled a proposed National Framework for Global Capability Centres (GCCs), seeking to position India as a globally preferred hub for enterprise innovation, strategy and capability development. The proposed framework, however, is expected to create 20-25 million jobs and contribute up to $600 billion in the economic impact. The framework for national GCC policy encompasses the setting up of digital economic zones ...Read More >
New Delhi: The Confederation of Indian Industry has called for establishing a National Global Capability Centres (GCC) Council through exclusive legislation to develop next-generation Digital Economic Zones, helping unleash the true potential of GCCs that have lately been at the vanguard of creating technology jobs at the country's top outsourcing hubs. The proposed council would help deepen the industry-academia partnership, the apex industry body said, as part of its 'Suggested Framework for ...Read More >
New Delhi: The Arab Islamic Summit is being held in Doha, the capital of Qatar, from Monday, September 15, in which more than 50 Muslim countries are going to participate. This will be the first time after the Israeli attack on Doha, when such many Muslim countries will sit together. Muslim countries are already angry with what Israel did in Gaza, but after the attack in Qatar, the situation has completely changed. On top of that, the way Israel has reprimanded Pakistan by taking its name in the ...Read More >
Lucknow, Sep 14 (SocialNews.XYZ) The Uttar Pradesh government is envisioning and preparing a concrete action plan to realise the vision of "Viksit Uttar Pradesh - Samarth Uttar Pradesh @2047". The Yogi Adityanath-led government aims to make Uttar Pradesh a $1 trillion economy by 2030 and a $6 trillion economy by 2047. A special focus has been placed on future-oriented industries, including artificial intelligence (AI), biotechnology, green energy, and agritech for achieving this objective. A ...Read More >
Hyderabad: Citizens Financial Group's Global Capability Centre (GCC) has partnered with Cognizant to skill college students in underserved communities across Telangana for technology careers. The collaboration comes under Cognizant's flagship Outreach program, launched in Hyderabad in 2019. So far, the initiative has impacted over 4,000 students in the state, with 478 placed in technology roles at Cognizant -- 92% of them women. Nationally, it has reached 60,000 students through tie-ups with mo ...Read More >
The Tamil Nadu government on Monday inked some memoranda of understanding (MoUs) in Germany, including the one with the Munich-headquartered Knorr-Bremse, during Chief Minister M.K. Stalin's ongoing visit to the European nation. The company will invest ₹2,000 crore in the establishment of an advanced facility for making railway doors and braking systems. This will be Knorr-Bremse's first-ever major manufacturing investment in Tamil Nadu. The project is expected to generate jobs for 3,500 perso ...Read More >
Chennai, Sep 1 (PTI) During the ongoing German visit of Chief Minister M K Stalin, MoUs were signed there with 3 companies on Monday securing Rs 3,201 crore investment, creating jobs for over 6,200 people, the Tamil Nadu government said. The Chief Minister also held discussions with senior executives of the BMW Group on the company's expansion plans in Tamil Nadu. In Düsseldorf, MoUs were signed in the presence of the CM with Knorr-Bremse, Nordex Group, and ebm-papst, bringing in investments w ...Read More >
Chennai, Sep 1 (UNI) The Tamil Nadu government today signed MoUs with three German companies securing a total investment of Rs 3,201 crore and creating employment opportunities for about 6,250 persons in the presence of Chief Minister M K Stalin, who later held discussions with senior executives of auto major BMW The MoUs were aimed and the discussions with BMW top officials were aimed at expanding these companies' expansion plans in Tamil Nadu. With the vision of making Tamil Nadu a one t ...Read More >
New Delhi, Aug 28 (PTI) India AI market is on the cusp of hyper-growth phase, seen at USD 28.8 billion by 2025 but faces severe talent crunch with only one qualified engineer available for every 10 open GenAI roles, a report by TeamLease Digital said on Thursday. As per the report, the most in-demand capabilities are specified prompt engineering, LLM safety and tuning, AI orchestration, agent design, simulation governance, and AI compliance and risk ops are among increasingly sought-after AI sk ...Read More >
Apex exporters body FIEO raises alarm over rising US tariffs. Indian goods face increased duties from August 27, 2025. Textile manufacturers in Tirupur, Noida, and Surat have stopped production. Cost competitiveness is worsening. FIEO urges government support. They seek interest subvention schemes and export credit. Focus is on MSMEs. Diplomatic engagement with the US is crucial. Apex exporters body FIEO on Tuesday expressed serious concerns over high US tariffs on Indian goods and said that te ...Read More >
New Delhi, August 26: The Federation of Indian Export Organisations (FIEO) on Thursday expressed grave concern over the US government's imposition of an additional 25 per cent tariff on Indian-origin goods, raising total duties on many export categories up to 50 per cent, with effect from Friday. FIEO President S.C. Ralhan described the development as a "setback". He said that the duty hike can severely impact India's exports to the US, with approximately 55 per cent of India's US-bound shipment ...Read More >
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