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New Delhi: India's Global Capability Centres (GCCs) have flourished on the back of robust infrastructure, business-friendly reforms and a deep talent pool but sustaining this momentum will require more work, Department of Economic Affairs (DEA) secretary Anuradha Thakur said on Monday. A targeted policy push, deeper Centre-state coordination and curriculum upgrades were among tasks lying ahead. Speaking at the CII (Confederation of Indian Industry) GCC's Business Summit, Thakur said the core d ...Read More >
New Delhi, Jul 13 (PTI) The Commerce and Industry Ministry on Sunday said a 20,000 sq ft skill development centre will be set up at the Aurangabad Industrial City (AURIC) in Maharashtra. It will be established in partnership with the Confederation of Indian Industry, and a memorandum of understanding (MoU) in this regard is likely to be signed next week. Amardeep Singh Bhatia, Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), has emphasised the need to attract G ...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 ...Read More >
HYDERABAD: The Telangana Crime Investigation Department (CID) has named Devraj Ramchander, secretary of the Hyderabad Cricket Association (HCA), as accused No. 2 in a case involving forgery and misappropriation of funds. Ramchander is currently absconding, and a search is underway to trace his whereabouts.As part of its preliminary probe, the CID has recorded the statements of 15 witnesses, including D Gurava Reddy, general secretary of the Telangana Cricket Association and complainant in the ca ...Read More >
Bengaluru, Jul 11 (PTI) The second edition of the GCC Workplace Awards, instituted by Bengaluru-based Zyoin Group, saw 50 GCCs in the organisation category, including global giants like SAP, being awarded for their innovation, leadership, and transformation in India's Global Capability Centre (GCC) landscape. "In our first edition, we had 200 GCCs participating and this year, we had over 300 GCCs participating and about 700 nominations," said Anuj Agrawal, Founder & CEO, Workplace Awards to PTI ...Read More >
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 ...Read More >
Bengaluru (Karnataka) [India], July 11: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India's most trusted and admired real estate developers, reported pre-sales of Rs 1,124 crore in Q1FY26, marking a 6 per cent year-on-year growth. The average price realisation improved by 9 per cent Y-o-Y, while customer collections for the quarter stood at Rs 857 crore. Also Read | 'Aankhon Ki Gustaakhiyan' Movie Review: Shanaya Kapoor and Vikrant Massey's Blindfolded Romance Loses Sight of Its Emot ...Read More >
VMPL Bengaluru (Karnataka) [India], July 11: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India most trusted and admired real estate developers, reported pre-sales of Rs 1,124 crore in Q1FY26, marking a 6 per cent year-on-year growth. The average price realisation improved by 9 per cent Y-o-Y, while customer collections for the quarter stood at Rs 857 crore. Commenting on the company performance, Ashish Puravankara, Managing Director, Puravankara Ltd., said, As we enter our 50th year ...Read More >
Six Indian cities -- Bengaluru, Hyderabad, Delhi-NCR, Mumbai, Pune, and Chennai -- ranked among the top 10 in the Asia-Pacific for tech talent acquisition, according to Colliers' Global Tech Markets: Top Talent Locations 2025 report. India now stands alongside China and Japan as one of the only three countries to have cities represented in the global top 10 rankings. In the Asia-Pacific rankings, Singapore was the only non-Indian market included in the top five. Taipei, Sydney and Melbourne we ...Read More >
New Delhi - Incuspaze, India's leading workspace solution provider acquires VSKOUT, a B2B SaaS solution offering curated data analytics for commercial real estate (CRE), in a strategic move to enhance and integrate high-tech capabilities. Founded in 2016, VSKOUT has emerged as a trusted name in real estate data services, known for its proprietary analytics tools, data mapping capabilities, and deep insights into India's commercial real estate landscape. The deal is structured as a combination o ...Read More >
Hyderabad, 9 July 2025: 3AI & HYSEA GCC X...Hyderabad 2025 Summit will be held on Friday, August 1 at The Westin, Mindspace, Hyderabad. 3AI and HYSEA have collaborated to present the GCC X...Hyderabad aimed at showcasing and accelerating transformation & innovation in Global Capability Centers (GCCs) with Gen AI & AI. The summit promises to be an eclectic and high impact gathering of GCC's apex leadership, Managing Directors, Country Heads and Site Leaders & Technology, Data, AI & Analytics lead ...Read More >
Bengaluru: In a major boost to Andhra Pradesh's vision of becoming a national technology and innovation powerhouse, the Sattva Group has announced the development of a Rs 1,500 crore, 30-acre integrated campus in Visakhapatnam. The initiative follows discussions of the Sattva group with IT minister Nara Lokesh. The proposed Sattva Vantage Vizag Campus is set to be a landmark infrastructural development in the port city. The infrastructure will combine Grade A office spaces, premium residential ...Read More >
Chennai, Jul 8 (PTI) Ramco Systems FZ-LLC, the subsidiary of global payroll software provider Ramco Systems, has collaborated with MCA Management Consultants to enable organisations in the Gulf Cooperation Council region, to transform their payroll operations, a top official said on Tuesday. MCA Management Consultants is a leading professional services firm based out of the GCC region. The partnership leverages Ramco's innovative payroll platform and managed services in conjunction with the ex ...Read More >
Pune: Pune's office market is on track to set a new leasing benchmark in 2025, having recorded its highest-ever gross leasing volume (GLV) for a half-year period at 6.8 million square feet (msf), in H1 2025 (Jan-June), a 67% year-on-year increase and a 54% rise over H2 2024, according to Cushman & Wakefield's latest Q2 Office MarketBeat Report. GLV factors in all leasing activity in the market, including fresh take-up, renewal of contracted terms by corporates as well as pre-leasing, and is an i ...Read More >
New Delhi [India], July 7 (ANI): India is expected to see strong demand for office spaces in 2025, with Global Capacity Centres (GCCs) projected to absorb 35-40 per cent of the total office space during the year, according to a recent report by CBRE. The report highlighted that India is steadily strengthening its role as a global hub for GCCs. International companies are increasingly turning to India to set up advanced, multi-functional centres due to the country's vast talent pool and cost adv ...Read More >
HYDERABAD: Deputy chief minister Bhatti Vikramarka on Sunday stated that the Congress govt will be spending 22,500 crore on the implementation of the Indiramma housing scheme, under which 4.5 lakh houses are being constructed for the poor in Telangana. Construction is already underway for 1.1 lakh Indiramma houses, with work on the remaining units set to begin soon.The govt has sanctioned 4.5 lakh housing units in the first phase of the scheme. The govt is extending 5 lakh financial assistance t ...Read More >
New Delhi [India], July 7 (ANI): India is expected to see strong demand for office spaces in 2025, with Global Capacity Centres (GCCs) projected to absorb 35-40 per cent of the total office space during the year, according to a recent report by CBRE. The report highlighted that India is steadily strengthening its role as a global hub for GCCs. International companies are increasingly turning to India to set up advanced, multi-functional centres due to the country's vast talent pool and cost adv ...Read More >
MUMBAI - India's regulator has restrained Jane Street Group from accessing the local securities market, dealing a severe hit to the US trading firm that generated more than US$2.3 billion (S$2.9 billion) in net revenue from equity derivatives in the South Asian nation in 2024. The Securities and Exchange Board of India (SEBI) said it would seize 48.4 billion rupees (S$722 million) from Jane Street, which it claimed is the total amount of unlawful gains made by the fund, according to the order. ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday said that the state government put plans in place to promote Hyderabad as a destination for global investments and make Telangana a hub of the manufacturing sector in the world. Speaking at the inauguration of Malabar Gems and Jewellery's manufacturing unit at IP General Park in Maheshwaram on Thursday, the Chief Minister said his government's main objective was not only attracting investments but also helping investors earn profits. Assuri ...Read More >
Ahmedabad - Mashreq, one of the MENA region's leading financial institutions, today announced the In-Principle Approval (IPA) to open a new International Financial Services Centre Banking Unit (IBU) within the Gujarat International Finance Tec-City (GIFT City), making it the first UAE-based bank to have received the IPA from the International Financial Services Centres Authority (IFSCA). This marks a key milestone in Mashreq's international expansion strategy and underscores its commitment to e ...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 ...Read More >
New Delhi, 2 July 2025: Over the past couple of years, GCCs have been the primary growth driver of India's office market This growth has been fueled by cost optimization strategies, a skilled talent pool, rapid infrastructure development, favourable government policies, ease of doing business, and a supportive business environment. As per Vestian's latest report, GCCs accounted for 42% of the pan-India absorption in FY 2025, registering a marginal increase from 41% a year earlier. In terms of v ...Read More >
CHENNAI: Chief Minister MK Stalin on Monday launched the State's first electric bus service by flagging off 120 low-floor electric buses from the newly inaugurated Vyasarpadi electric bus depot, marking a significant step towards green transport. The buses will operate on 11 routes across the city. Stalin, accompanied by Transport and Electricity Minister SS Sivasankar and HR&CE Minister PK Sekarbabu, also inspected the buses and interacted with the crew. The launch of these 120 electric buses ...Read More >
New Delhi, Jun 30 (PTI) The GST Council, comprising finance ministers from the Centre and states, should simplify compliance, reduce tax slabs to three, and broaden the base by bringing petroleum products under GST, a PwC India report said on Monday. Goods and Services Tax (GST), launched on July 1, 2017, completes eight years on Monday. GST subsumed about 17 local taxes and 13 cesses into a five-tier structure, simplifying the tax regime. Over the last 8 years, the average monthly GST collect ...Read More >
Chennai: Once seen as a fix for T Nagar's traffic chaos, the 40-crore multi-level parking facility now stands as a symbol of poor planning and apathy. Two-wheelers still flood the plaza despite free parking made available at the facility.Following a TOI article, traffic police teams cleared illegal bike and parking from the T Nagar Pedestrian Plaza on Saturday. However, Greater Chennai Corporation (GCC) has failed to address a critical flaw -- the multi-level parking facility meant to decongest ...Read More >
CHENNAI: The Chennai Metro Asset Management Limited, a joint venture of Chennai Metro Rail Limited (CMRL) and Tamil Nadu Industrial Development Corporation (TIDCO), has signed the contract for the development of a multimodal facility complex (MMFC) and the redevelopment of the Kuralagam Building at Broadway. The project to redevelop the property at a cost of Rs 566.59 crores was awarded to Bridge and Roof Company (India) Limited. The work is being executed by the Chennai Metro Asset Management ...Read More >
Hyderabad -- Phenom, an AI company specializing in HR, today announced it acquired EDGE, a leading resource management and talent mobility platform. The acquisition of the Bengaluru-based company strengthens Phenom's workforce intelligence solutions for the professional services industry and global capability centers (GCC). The sixth acquisition and addition to the Intelligent Talent Experience platform portfolio marks a significant step in Phenom's purpose to help a billion people find the rig ...Read More >
VIJAYAWADA: The Andhra Pradesh Cabinet on Tuesday gave its nod for implementation of works worth Rs 11,471 crore in capital Amaravati for its multifaceted development. It decided to cancel the old tenders for the works to be taken up in Amaravati and instead call fresh tenders. The cabinet approved a proposal to observe the death anniversary of Potti Sriramulu on December 15 as Self-Sacrifice Remembrance Day. Cabinet nod was given to the AP Information Technology Global Capability Centres Polic ...Read More >
New Delhi [India], December 3 (ANI): External Affairs Minister (EAM) S Jaishankar highlighted the strength of India-Oman relations during his meeting with Khalifa Alharthy, Under Secretary for Political Affairs of Oman. In a post on X (formerly Twitter), he remarked, "Glad to receive Khalifa Alharthy, Under Secretary for Political Affairs of Oman today. Noted our wide-ranging cooperation and new opportunities in trade, investments, technology, and space." The Sultanate of Oman is a key strateg ...Read More >
Rohit Jetly, who until recently served as the country head for India at global investment and retirement savings business Fidelity International, was given additional responsibilities. His expanded role now includes overseeing technology and operations for the company's global platform solutions (GPS) division. Its HR head, Upasna Nischal, succeeds Jetly as the new India site leader. These changes reflect Fidelity International's commitment to strengthening its leadership and capabilities in the ...Read More >
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