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The Latest Breaking News from GCCs

GCCs switching to smart workflows as AI gobbles up procedural grunt work

Industry experts said AI is shrinking junior-level workflows, reducing standalone procedural functions and pushing multinational companies to redesign the kind of work handled by their India centres. Early industry estimates suggest nearly 18% of India’s GCC work still sits in commoditised, process-heavy functions that are increasingly being automated, embedded into…

The Economic Times

Awfis Q4 profit doubles, revenues up 20% YoY on GCC boom and AI-led expansion

Co-working spaces remained the company’s biggest revenue contributor, accounting for more than 83% of operating revenues. Income from the segment rose 26.8% on-year to Rs 341.5 crore in Q4 FY26 from Rs 269.3 crore in the year-ago period. The construction and fit-out projects business contributed Rs 68.6 crore during the…

The Economic Times

Global firms rethink GCC hiring in India as AI shifts skill demand

Global firms in India are hiring cautiously. Artificial intelligence is changing job roles, making it harder to find talent with advanced tech skills. Companies seek specialized expertise in AI and cybersecurity. Entry-level positions may shrink as AI handles routine tasks. Re-skilling programs and university partnerships are underway to bridge the…

The Economic Times

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MNCs turning flex spaces as main hubs as GCC story deepens

Global capability centres are transforming India's office space market, shifting from temporary entry points to strategic, long-term operating hubs. These centres are increasingly opting for flexible workspaces, signing larger and longer-duration deals, and demanding bundled services beyond just office space.

The Economic Times

GCCs in India: The story so far

India's global capability center landscape is booming, serving as a catalyst for technological and service-driven growth. While discussions on quantifying its impact persist, it’s notable that multinational exports are anticipated to hit $164 billion by 2025-26. The workforce has expanded to a remarkable 4.2 million, with AI set to revolutionise…

The Economic Times

Flex office: As GCCs boom, Table Space is betting big on managed workspaces

As India’s GCC ecosystem expands rapidly, enterprise managed workspace providers are emerging as critical enablers of global firms entering and scaling in the country.

The Economic Times

Domestic cyclicals remain best bet in India, says Anish Tawakley amid global volatility

Despite global headwinds, India's economy is robust, with picking demand and spare capacity, according to DSP Mutual Fund's Anish Tawakley. He favors selective investments in domestic cyclicals like financials, cement, and automobiles, while cautioning against capital market-linked plays and PSU banks. Inflation is seen as transitory, but FMCG margins face…

The Economic Times

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Inside India’s Next-Gen Workspaces: The Rise of Intelligent Commercial Ecosystems

L&T Realty is expanding its commercial real estate footprint while setting new benchmarks for India’s modern work environment

The Economic Times

Global turmoil is India’s 'wake-up call' to cut import dependence: Piyush Goyal

India's Commerce Minister Piyush Goyal urges domestic industry to embrace self-reliance amid global challenges. He calls for increased productivity and better use of trade agreements. The minister emphasizes reducing import dependence to bolster the economy. He also highlights the potential of electric vehicles and advanced technologies like AI for growth.…

The Economic Times

Amazon primes a Blinkit showdown; New insurance models prop up

Happy Tuesday! Amazon's late but strong push into quick commerce is unsettling market leader Blinkit. This and more in today's ETtech Morning Dispatch.

The Economic Times

Smaller teams, fewer replacements guiding GCC 2.0 ops playbook

Global Capability Centres in India are starting smaller and using AI to boost output. Companies are no longer replacing every departing employee. This shift prioritizes high-skill talent over large teams. Business growth is expected to outpace headcount growth. Hiring demand is rising for AI, data, cloud, and cybersecurity skills. This…

The Economic Times

AI stars are minting 60% fatter paycheques

AI-skilled professionals are commanding significant pay premiums, earning up to 60% more than their peers in other tech fields. This widening salary gap is expected to persist and grow over the next two to three years as companies increasingly adopt AI-influenced pay frameworks and automation impacts entry-level roles.

The Economic Times

GCHQ release cache of spy chatter discussing VE Day before end of war announced

The documents released from GCHQ’s archives mark the 80th anniversary of VE Day.

The Independent UK

Never-before-see spy letters reveal GCHQ role in VE Day before end of war

The messages relay that the German high command had signed an ‘unconditional surrender’

The Independent UK

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The Hindu

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

T.N. CM Stalin inaugurates UPS technology centre in Chennai

Tamil Nadu CM M.K. Stalin inaugurated UPS' first Technology Centre in India, in Chennai. He expressed pride in the decision and assured to keep up the trust companies have in TN. TN Logistics Policy & Integrated Logistics Plan 2023, Multi-modal Logistics Park in Mappedu & Coimbatore, 30 GCCs providing 47,000…

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