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The Latest Breaking News from GCC

Chennai property owners: Received a higher property tax notice? Here's what the revised GCC notice means and how to challenge it

Chennai property tax increased? Chennai property owners receiving higher tax demands need not panic. The Greater Chennai Corporation has clarified it has not raised property tax rates citywide. Revised notices have been sent only to properties found to be under-assessed or wrongly assessed, and owners have 15 days to appeal.

The Economic Times

More than 12,000 call on council to secure future of much-loved Victorian building

More than 12,000 people are calling on the council to ensure that a much-loved Victorian park attraction stays under public ownership.

The National (Scotland)

90% of India’s GCC leaders confident through 2030, but AI literacy stuck at 27%

India's Global Capability Centres are becoming AI hubs, but leadership AI literacy remains low. Most leaders are confident India will lead globally through 2030. However, less than 30% of leaders possess sufficient AI literacy for strategic decisions. GCCs must reskill over 40% of their workforce for this AI transformation.

The Economic Times

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Iran wants a mafia-style ‘protection’ toll on the Strait of Hormuz, but the eye-popping $20 billion per year haul is a pipe dream

Details of any tolling or voluntary fee system are unlikely to be finalized in any potential interim deal, further delaying a permanent peace solution.

Fortune

India’s GCCs trade hefty headcount for specialised talent

Global Capacity Centres are becoming smaller and more engineering-focused. India's GCC market is projected to reach one hundred billion dollars by 2030. Companies are prioritizing specialized talent and faster product development. Artificial intelligence enables greater output with smaller, agile teams. Value density and strategic work routing now define center importance.

The Economic Times

Microsoft Teams just added an app to help you skip meetings

Microsoft's July 2026 Teams update introduces a dedicated Recap app for meeting summaries, transcripts, and recordings.

Windows Central

UAE eVisa guide for GCC residents: Who can apply and how to get the entry permit

GCC residents can now apply for an electronic entry permit before traveling. This UAE eVisa allows eligible expatriates a stay of up to thirty days. Applicants need a valid GCC residence permit and a passport with six months validity. The application process involves submitting documents and paying applicable fees online.…

The Economic Times

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India's AI boom is rewarding engineers more than coders

India's AI and manufacturing push is reshaping job market, with engineers, technical support professionals and infrastructure roles seeing stronger salary growth than software developers, according to TeamLease. Backed by govt investments in semiconductors, electronics and EVs, the country's next wage boom appears increasingly tied to building and running AI infra.

The Economic Times

UP targets 10% of new GCCs, sets up advisory board

Announcing the roadmap at the GCC Summit 2026, Alok Kumar, principal secretary, information technology and electronics, said the state is focusing on policy support, digital infrastructure, talent development, and coordination across departments to attract new GCC investments.

The Economic Times

GCCs may account for nearly half of India's office leasing in 2026: Report

India's office market has remained resilient, with GCCs strengthening their role in leasing activity. During the first half of 2026, GCCs leased 16.6 million square feet of Grade A office space, accounting for 46% of total office leasing across the top seven cities, the report said.

The Economic Times

‘It needs to end now’: Democrats urge Trump to halt Iran war after US troop deaths

President accused of having ‘lost control of this war’ as deaths of trio in Iranian military strikes fuel rising concern

The Guardian - US

HCLTech acquires Guardian India Operations for $10.5 million

The company also signed a fresh seven-year technology services agreement with the insurer. The acquisition is expected to close on August 1 and is not subject to regulatory approvals.

The Economic Times

Karnataka to roll out comprehensive data centre policy to support infra requirements of AI

Karnataka will soon unveil a comprehensive data centre policy to support AI infrastructure needs. This policy aims to create essential digital infrastructure for AI-led innovation and advanced computing. The state is also establishing India's first public sector-led AI University and an AI Hub. Bengaluru's infrastructure development will see significant investments…

The Economic Times

Spain's Submer Group to invest $2 billion in semiconductor industry in Madhya Pradesh

Spain's Submer Group announced a significant USD 2 billion investment in Madhya Pradesh. This substantial investment will foster growth within the region's semiconductor industry. The initiative is expected to generate approximately 5,000 direct employment opportunities for local residents. Land for a data center project was swiftly allotted within six days.

The Economic Times

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The Economic Times

Global headwinds, resilient MSMEs: India’s ECLGS 5.0 response

The real significance of ECLGS 5.0 lies not merely in the credit it provides but in what the credit protects.

The Economic Times

India wants to lead, not just host, GCCs: Nirmala Sitharaman

India aims to lead global capability centres and the world's knowledge economy. The nation now hosts over half of the world's GCCs, which is significant. India's focus shifts from scale to enabling innovation and shaping future technologies. Enterprises are prioritizing innovation and long-term competitiveness over cost reduction. The government is…

The Economic Times

Tier 2 cities emerge as next frontiers for India's growing GCC ecosystem

Rajeshwar Singh Jenwar, Director and HoD, Software Industry Promotion Division, Ministry of Electronics and Information Technology (MeitY), said India's GCC (global capability centre) ecosystem has witnessed remarkable growth over the past five years.

The Economic Times

Skilling vital in India's goal of becoming AI solutions capital: IT Secretary

Speaking at the CII GCC Business Summit, Krishnan noted that the deployment of AI in enterprises is still lagging across the world, not just in India, presenting an opportunity for GCCs here to play a critical role.

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The Economic Times

Govt has done its part on GCCs via Budget, now industry must invest in skilling and innovation to counter AI risks: CEA Nageswaran

Chief Economic Adviser V Anantha Nageswaran urged industry to invest in skilling and innovation. He stated government has supported Global Capability Centres through Budget announcements. Artificial intelligence poses risks to business models focused solely on low-cost execution. The government encourages GCC expansion beyond major metropolitan cities. Firms and people must…

The Economic Times

AI penetration doubles in India's retail GCCs, but senior talent remains scarce

Artificial intelligence penetration in India's retail Global Capability Centres (GCC) has doubled, yet AI professionals still represent fewer than one in 20 employees, according to a report by TeamLease Digital. The findings highlighted a stark capability mismatch even as India scales its presence globally, holding 180 centres and over 270,000…

The Economic Times

Kuwait announces eligibility rules for 15-year investor residency permit. Here's who can apply

Kuwait has announced eligibility criteria for its 15-year Investor Residency Permit. This long-term visa program is now operational for foreign investors and their families. Eligible applicants include company owners, directors, and senior management with specific investment requirements. The permit aims to boost Kuwait's appeal as an investment destination. Separately, a…

The Economic Times

Hiring in India in 2026: How Employer of Record services simplify compliance

India's burgeoning talent pool, now the third-largest globally, presents a strategic hiring challenge. With over two million professionals in Global Capability Centres, companies face complex compliance hurdles. Utilizing an Employer of Record (EOR) is crucial for foreign firms, managing payroll, taxes, and legal obligations without a local entity. This approach…

The Economic Times

Japan emerges as largest APAC contributor to India's GCC ecosystem: Deloitte

Japan is now India's top contributor to the Asia-Pacific GCC sector, with over 100 Japanese companies establishing centers. These hubs are increasingly focusing on innovation, digital transformation, and product development in areas like AI and advanced manufacturing. This expansion signifies a new era of economic collaboration, leveraging India's talent and…

Fortune

Gulf bond markets rally despite uncertain outlook

GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle

Fortune

GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle

The easing of geopolitical tensions has fueled a surge in GCC bond and sukuk issuance. But with the Federal Reserve expected to keep rates on hold, tight dollar liquidity remains a stubborn headwind to future recovery.

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