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Mumbai, Aug 21 (PTI) Rapidly expanding global capability centres of banking, financial services and insurance (BFSI) sector has led to an acute shortage of talent, widening skill gap and higher workforce expense for enterprises, a report said on Thursday. India's BFSI GCC sector was valued at USD 40-41 billion in 2023 and is projected to touch USD 125-135 billion by 2032, which reflects a CAGR of 12-13 per cent, according to 'BFSI GCC Talent Report 2025' by staffing and workforce solutions prov ...Read More >
Agentic AI, where autonomous agents execute end-to-end workflows, can shorten the gap between experimentation and value realisation, helping GCCs to position themselves as innovation hubs Global Capability Centres (GCCs) in India are moving away from year-long artificial intelligence projects to a quicker 90-day pilot cycles as agentic AI adoption gathers pace, say experts. The change is being driven by the need to show faster results to parent companies, cut risks and keep up with rapidly evol ...Read More >
Chennai, Aug 14 (UNI) In a move to address the grievances of conservancy workers of the Greater Chennai Corporation, who were on protests mode for the last 14 days since August 14, opposing privatisation and demanding job regularisation, the Tamil Nadu Cabinet today announced six new schemes for their welfare and appealed to them to call off their stir, while stating that the doors of the government were always open to them for talks. About 600 conservancy workers representing two Zones in the ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with na ...Read More >
New Delhi [India], August 14: Ellenox, India largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50 over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voi ...Read More >
New Delhi [India], August 14 (ANI): Border Security Force Sub-Inspector Vyas Dev and Constable Suddi Rabha are among those 16 personnel who have been awarded the Medal for Gallantry (GM) on the 79th Independence Day for showing their exceptional bravery and unmatched valour exhibited by them in Operation Sindoor. In addition, the President Medal for Distinguished Service (PSM) to five and the Medal for Meritorious Service (MSM) to 46 are also awarded to BSF officers and personnel. During Opera ...Read More >
Bengaluru (Karnataka) [India], August 14: Large-sized deals (≥100,000 sq. ft.), continue to drive India commercial office market, consistently accounting for bulk of the Grade A office space uptake in the last 5 years. In H1 2025 too, 51 of the total leasing across the top 7 cities was through large-sized deals at 17.2 million sq feet, reflecting occupiers sustained appetite for high-quality office spaces to support growth strategies. Technology sector continues to drive large-sized transaction ...Read More >
Bengaluru (Karnataka) [India], August 14: The Federation of Indian Chambers of Commerce and Industry (FICCI) and AMPIN Energy Transition, in collaboration with Deloitte & Sumitomo Corporation, successfully concluded its pivotal seminar titled Renewable Energy Transition for Commercial and Industrial Consumers in the Southern Region at Hotel Taj MG Road. The event brought together a diverse group of industry leaders, policymakers, and C&I consumers who discussed the roadmap to achieve 100 RE for ...Read More >
Bengaluru (Karnataka) [India], August 14: Large-sized deals (>=100,000 sq. ft.), continue to drive India's commercial office market, consistently accounting for bulk of the Grade A office space uptake in the last 5 years. In H1 2025 too, 51% of the total leasing across the top 7 cities was through large-sized deals at 17.2 million sq feet, reflecting occupiers' sustained appetite for high-quality office spaces to support growth strategies. Also Read | 'Bigg Boss 19': Transgender Athlete Anaya B ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) The technology sector continues to anchor office space demand, sustaining its role as one of the dominant demand drivers across the top 7 Indian cities, a report said on Thursday. In the first half of 2025 (H1 2025), the sector accounted for more than 10 million sq ft of grade A space uptake across the top 7 cities, nearly 40 per cent of the overall conventional leasing, Colliers India said in its report. According to the report, the technology sector, in par ...Read More >
Bengaluru: India's commercial office market continues to ride on the back of large-sized transactions, with deals over 100,000 sq. ft. driving the bulk of Grade A space uptake for the past five years. In the first half of 2025 (H1 2025), such transactions accounted for 51% of the total leasing activity across the top seven cities, translating into 17.2 million sq. ft., according to Colliers' latest report. This trend underscores occupiers' sustained appetite for high-quality, scalable office spa ...Read More >
New Delhi [India], August 14 (ANI): The Bar Council of India (BCI) has approved the Rules of Legal Education, Moratorium (Three-Year Moratorium) 2025, which will remain in force for three years once published. Under this moratorium, no new law colleges will be set up or granted approval anywhere in India. Existing institutions will also not be allowed to start new sections, courses, or batches without prior written permission from the BCI. Pending applications that have already reached the fina ...Read More >
Chennai (Tamil Nadu) [India], August 14 (ANI): Tamilaga Vettri Kazhagam (TVK) president Vijay on Thursday slammed the Chief Minister MK Stalin-led DMK government in Tamil Nadu for what he described as inhumane and anarchic arrest of protesting sanitation workers.in Chennai. Condemn the fascist DMK government for arresting sanitation workers, who have been peacefully fighting for their rights, in an inhumane and anarchic manner in the dead of night! Vijay said in a post on X. Chennai police on ...Read More >
HYDERABAD: BRS working president KT Rama Rao on Wednesday described the Supreme Court order on nomination of two MLCs as "a slap in the face of both the Congress and the BJP". The apex court issued an order modifying its earlier interim directive on the nomination of Prof M Kodandaram Reddy and Amer Ali Khan to the state Legislative Council under the Governor's quota. In a press statement, Rama Rao said that the Supreme Court declaring invalid the appointments of Kodandaram and Amer Ali as MLC ...Read More >
Chennai Corporation in a press release on Tuesday urged the workers to resume work, pointing to the benefits and job security under the new private company Chennai Corporation has roped in additional workers for launching a mass cleaning drive in Royapuram and Thiru Vi Ka Nagar zones owing to the protest by workers. Many farm hands from areas such as Vandavasi have started cleaning the streets. "We have deployed 1000 additional workers to strengthen the mass cleaning drive. More workers will s ...Read More >
New Delhi [India], August 14 (ANI): The credit-to-deposit ratio in Indian banks has stayed below 80 per cent as credit offtake in the country continues to lag, according to a report by CareEdge Ratings. The report highlighted that while both credit offtake and deposit growth have increased sequentially, they remain significantly lower than the levels seen last year. Deposits continued to outpace credit offtake in the current fortnight, leading to a narrowing of the credit-deposit gap. It state ...Read More >
Chennai (Tamil Nadu) [India], August 14 (ANI): Chennai police on Wednesday night detained sanitation workers who had been protesting for 13 consecutive days outside the Greater Chennai Corporation's Ripon Building, following a Madras High Court order to clear the protest site. Around 800 sanitation workers, opposing the civic body's move to privatise waste management in two zones, were forcibly removed around midnight and taken away by buses within 45 minutes. For the 13th consecutive day, hun ...Read More >
PATNA: Congress leader Rahul Gandhi is all set to embark on 'Vote Adhikar Yatra' from Bihar's Rohtas district on August 17 to register a protest against how the ongoing special intensive revision (SIR) of the electoral rolls was being conducted in the state. This comes at a time when the Opposition is ratcheting up its protest against the SIR and casting aspersions on the integrity of elections. AICC general secretary (organisation) and MP KC Venugopal held a meeting with the INDIA bloc leaders ...Read More >
CHENNAI: Besides regularisation of employment, the other key demand of conservancy workers protesting against Greater Chennai Corporation's move to privatise solid waste management in two zones has been to ensure that their present salary of nearly Rs 23,000 per month is not reduced. However, meeting such a demand could cost GCC roughly Rs 164 crore per year, a senior official said. The official said that if this demand of the workers in the two zones - Royapuram and Thiru-Vi-Ka Nagar - are met ...Read More >
Hyderabad: North Telangana districts bore the brunt of heavy rains that disrupted normal life in many parts of the state on Wednesday. People in the northern districts were subject to harrowing times to reach their destinations due to the extensive damage to roads that was made worse by breaches across culverts and bridges on overflowing canals and water bodies. Meanwhile, flights were diverted at Shamshabad airport due to the heavy downpour in Greater Hyderabad limits. Hyderabad-bound flights ...Read More >
Chennai (Tamil Nadu) [India], August 14 (ANI): Chennai police on Wednesday night detained sanitation workers who had been protesting for 13 consecutive days outside the Greater Chennai Corporation Ripon Building, following a Madras High Court order to clear the protest site. Around 800 sanitation workers, opposing the civic body move to privatise waste management in two zones, were forcibly removed around midnight and taken away by buses within 45 minutes. For the 13th consecutive day, hundred ...Read More >
DEHRADUN: Uttarakhand cabinet on Wednesday gave its nod to a strict Uttarakhand Freedom of Religion (Amendment) Bill, 2025, which provides for a maximum punishment of life imprisonment and fine of up to Rs 10 lakh for "forced conversion". The govt is likely to table the bill in the House, where they have a strong majority, for approval during the three-day monsoon session of assembly commencing on Aug 19.At present, the maximum jail term for such an offence is 10 years and the highest fine is Rs ...Read More >
Chennai (Tamil Nadu) [India], August 14 (ANI): Chennai police on Wednesday night detained sanitation workers who had been protesting for 13 consecutive days outside the Greater Chennai Corporation's Ripon Building, following a Madras High Court order to clear the protest site. Around 800 sanitation workers, opposing the civic body's move to privatise waste management in two zones, were forcibly removed around midnight and taken away by buses within 45 minutes. Also Read | TMC Leader Abhishek B ...Read More >
Vishal Sikka's early bet on global capability centers (GCCs) is now a reality as more companies insource tech operations in India. This shift challenges Indian IT giants, facing talent and business losses. While offering GCC-as-a-service, they navigate AI challenges and potential tariff risks under a possible Trump administration, impacting both IT firms and GCCs. Some Bengaluru-based doyens may disagree, but as recent events would suggest, Vishal Sikka was probably the most prescient of recent ...Read More >
Not long ago, India's Global Capability Centres (GCCs) were simply backroom engines -- managing payroll, IT help desks, or processing data to save global companies time and money. Fast forward to today, and these same centers are at the heart of transforming how the world's biggest businesses invent, experiment, and scale with artificial intelligence. India is now home to more than 1,700 GCCs, which employ nearly 1.9 million professionals. These centers have quietly shifted from checking boxes ...Read More >
New Delhi, Aug 3 (PTI) Disruptions from Artificial Intelligence (AI) will be brief and new jobs will emerge, Karnataka's IT and Biotechnology Minister Priyank Kharge has said, highlighting the state's large-scale reskilling initiatives are underway to prepare talent for new-age technologies. In an interview with PTI, Kharge asserted that Karnataka retains a comfortable lead over others in technology, with strong data and performance vectors backing its position. The state encourages innovation ...Read More >
New Delhi, Aug 3 (PTI) Hiring in the IT services sector has remained stagnant over the past six to seven quarters, with no active demand likely to pick up in the second quarter either, a top official from staffing firm Quess Corp has said. Quess Corp ED and CEO Guruprasad Srinivasan told PTI that demand for technology talents is coming from global capability centres and non-IT companies. "At least for the last six to seven quarters. And we are also not seeing very active demand coming in, even ...Read More >
New Delhi: Delhi govt has prepared a plan under which Delhi Transport Corporation (DTC) bus drivers and conductors will receive regular training, with a focus on ethical values, customer service and safe driving, transport minister Pankaj Singh said on Friday. The move is for improving the public image of DTC buses.The minister mentioned that DTC bus drivers who fail to halt at designated stops or are found speeding will face strict departmental action.Several commuters have complained about the ...Read More >
Hyderabad: Fast food giant McDonald's has rustled up plans to invest $100 million (about Rs 875 crore) in its new global office in Hyderabad over the next couple of years and hire around 2,000 techies by 2027, a top executive said on Friday. "The investment this year and next (2026) will be around $100 million, including the capex cost," Deshant Kaila, head of global business services (GBS) operations, McDonald's, told TOI on the sidelines of the GCC X Hyderabad summit. ...Read More >
New Delhi: India's goods exports in June fell a tad from a year earlier, but a sharper drop in imports aided the trade deficit to narrow to a four-month low. Exports reduced 0.05% year-on-year to $35.14 billion, a seven month low, while imports fell 3.71% to $53.92 billion, leaving a trade deficit of $18.78 billion compared with $20.84 billion in June last year. Exports to the US in the past month rose sharply to $25.52 billion from $20.89 billion, despite the base tariff on Indian goods shipp ...Read More >
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