The Latest Breaking News from Global Capability Centres

Office leasing at record 66.4 mn sq ft in Jan-Sep across top 9 cities, driven by GCCs: CBRE

Leasing of office spaces in nine major Indian cities during January-September 2026 reached 66.4 million square feet. This represents an 8 percent year-on-year increase in demand for these spaces. Global Capability Centres have significantly contributed to this growth, leasing 28 million square feet in total. The overall absorption during the…

The Economic Times · Oct 2

IndusInd Bank eyes India’s 2,117 GCCs with new banking vertical

IndusInd Bank has introduced a new banking vertical specifically for Global Capability Centres within India. This initiative aims to address the growing banking needs of these centres as they expand. The vertical integrates corporate and employee banking into a unified relationship. It also includes foreign-currency account services to meet cross-border…

The Economic Times · Sep 28

GCCs, tightening supply to keep India's office market on growth track: Equirus

India's commercial real estate market is expected to remain strong, supported by continued expansion of Global Capability Centres (GCCs), limited new office supply and rising demand for institutional-grade workspaces, according to a latest report by Equirus.

The Economic Times · Aug 28

Karnataka CM Shivakumar announces India's first govt-driven AI University

Karnataka will establish India's first government-driven Artificial Intelligence University. An AI Hub will also be set up as an incubation centre for research. The state aims to become a global leader in responsible AI innovation. This initiative will build world-class AI talent and strengthen collaborations. Karnataka seeks to enhance its…

The Economic Times · Jul 14

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 · Jul 3

Embassy Developments to invest Rs 1,500 cr to build 3mn sq ft office space in Bengaluru: MD Aditya Virwani

Embassy Developments is investing Rs 1,500 crore to build a 3 million sq ft office complex in Bengaluru, aiming to boost rental income from commercial assets. This move complements their strong residential business, with plans to launch Rs 20,000 crore worth of homes this fiscal. The company sees robust demand…

The Economic Times · Jun 28

From diapers to drugs: How India's global corporate hubs are putting AI to work

Heads of several Global Capability Centres (GCCs) told Reuters they are deploying AI across a host of functions - from marketing and content creation to finance and human resources - to automate time-consuming, repetitive tasks that once ‌required hours ⁠of manual ⁠effort.

The Economic Times · May 29

Knowledge Realty Trust to invest Rs 700 cr to build 1.4 mn sq ft office space in Bengaluru

Knowledge Realty Trust plans a Rs 700 crore investment over three years for new office space in Bengaluru. The company is also actively seeking acquisitions to expand its business. KRT anticipates continued growth in key financial metrics. Demand for office space remains strong, particularly from Global Capability Centres. The firm's…

The Economic Times · May 24

The changing landscape of campus placements in Tamil Nadu

College placement concerns for 2023-24 academic year due to IT industry downturn and changing hiring trends.

The Hindu · May 11, 2024

Tamil Nadu Budget announces payroll subsidies to boost women workforce, Global Capability Centres

Tamil Nadu Budget 2024-25 offers payroll subsidies for women employment and high-paying jobs in new Global Capability Centres.

The Hindu · Feb 20, 2024