Indian Investments Into Gcc

Indian IT companies acquire GCCs to boost revenue as growth falters

IT services firms are targeting GCCs for scale, steady revenue and domain expertise as weak organic growth and AI put pressure on traditional contracts

TCS to buy US retailer Best Buy's India GCC, develop an AI-native centre

Best Buy's India entity will transition to TCS under a multi-year agreement, combining its retail knowledge with technology and AI capabilities to build an AI-native centre

Unlocking the massive opportunities in GCCs | Expert takes

In this session, Sirish Korada, Managing Director & Global Capabilities Leader, CBIZ, talks about GCCs, leadership and provides career guidance to the B-Schoolers.

IndusInd Bank launches dedicated banking vertical for GCCs in India

IndusInd Bank on Monday launched a new banking vertical for Global Capability Centres (GCCs) by bringing together corporate and employee banking capabilities. India now has 2,117 GCCs and the ecosystem has grown 32 per cent since FY 2021 -- underscoring the country's growing importance as a global capability hub. IndusInd Bank said that by bringing together corporate and employee banking capabilities under a dedicated GCC relationship model, the bank offers a more integrated and specialised approach to serving the unique requirements of GCCs. "This integrated approach enables GCCs to manage their business, workforce and cross-border banking needs more seamlessly," IndusInd Bank said in a regulatory filing. India's GCC ecosystem has evolved beyond traditional shared-services operations, with centres increasingly taking on technology, engineering, analytics, finance, research and other strategic functions for global organisations, said IndusInd Bank Country Head Corporate Banking, .

Indian GCCs turn to AI upskilling, reskilling in bid to be 'future-proof'

As the AI wave builds up, GCCs would need to mould their workforce, with many bottom-level jobs being automated

Syneos Health opens global life sciences and technology centre in Hyderabad

The 137,000-sq-ft centre is Syneos Health's largest in Asia and third-largest globally, with an initial workforce of more than 700 professionals

Starbucks signs pact with TN govt to set up GCC in Chennai, create 800 jobs

The move comes days after US pharmacy chain Walgreens signed a pact with the Tamil Nadu government to establish a GCC ​in the state's capital

Tamil Nadu advances GCC expansion with Walgreens Centre in Chennai

The centre at DLF Downtown, Tharamani, will focus on technology and business services, with further expansion planned over the coming years

HCLTech sets up Wacker Chemie global capability centre in Pune, India

The Pune GCC will support Wacker Chemie's engineering, IT and digital transformation initiatives, while providing a future-ready delivery foundation

Octave Intelligence opens GCC in Hyderabad, plans workforce expansion

Octave Intelligence has inaugurated a 2-lakh-sq-ft technology centre in Hyderabad and plans to scale its workforce to 2,000 engineers across software, AI, data and cloud

US financial services firm Charles Schwab sets up GCC in Hyderabad

The 3.45 lakh sq ft Schwab India centre will support the US business through technology, engineering and operations, with headcount targeted at around 2,000 by end-2027

With AI in picture, nearly half of GCC workers may need reskilling: Report

Nearly 46% of India's GCC workforce may need major upskilling or reskilling within three years as AI reshapes jobs, skills and business models

Target bets on AI to drive enterprise strategy and retail operations

The retailer, with a market capitalization of more than $100 billion, is known for its style, design and curated merchandise and has about 5,500 employees in India now

JPMorgan plans 1,000 India GCC hires despite AI-driven workforce cuts

JPMorgan Chase said the hiring will focus on technology roles across cloud architecture, cybersecurity and AI data pipelines.

Labour ministry, ILO to develop skills-based occupational classification

The Labour Ministry and ILO are developing a global skills-based occupation framework to help GCCs map talent, identify skill gaps and strengthen workforce planning

US insurer Nationwide launches Hyderabad centre to expand globally

US insurer Nationwide has opened its Global Services Center in Hyderabad, expanding its global footprint and strengthening technology, engineering and business capabilities

Ford's India GCC bets big on tech for growth; opens new Coimbatore hub

Coimbatore becomes Ford Business Solutions' continuity hub as digital talent drives expansion

India becomes world's largest retail GCC hub with 180 centres: Report

Retail GCCs in India now employ over 0.27 million professionals, with hiring increasingly shifting towards AI, engineering and supply chain roles, a report said

Nestle Business Services chooses Hyderabad for first India GCC operations

Nestle Business Services will establish its first Global Capability Centre in India in Hyderabad, partnering with Genpact to strengthen technology-enabled global business services

Japanese companies look to bet on GCCs amid India's innovation push

Japanese companies are accelerating investments in India's Global Capability Centres, leveraging the country's growing innovation and technology ecosystem