All posts tagged: GCC

Hyderabad emerges as GCC powerhouse, attracts 197 Global Capability Centres since 2024

Hyderabad emerges as GCC powerhouse, attracts 197 Global Capability Centres since 2024

Published by Parlour News

Hyderabad has consolidated its position as one of the world’s fastest-growing destinations for Global Capability Centres (GCCs), with more than 197 multinational companies choosing Telangana to establish or expand their GCC operations since the Congress government assumed office under Chief Minister A. Revanth Reddy. The momentum has been particularly strong in 2026, with 43 new GCCs already announced or operational in the first six months of the year. This follows the establishment of over 70 GCCs in 2024 and 84 centres in 2025, putting Hyderabad on course to cross the 100-mark in 2026. According to the NASSCOM GCC Landscape Report 2026, Hyderabad has emerged as the country’s leading destination for new Banking, Financial Services and Insurance (BFSI) GCCs, attracting more than 50% of all new BFSI Global Capability Centres established in India. Unlike conventional IT firms that provide outsourced software services to clients, GCCs are wholly owned technology and innovation centres established by multinational corporations to support their global operations, research, product development and business functions. Officials attribute Hyderabad’s growing appeal to its world-class infrastructure, …

East-West oil pipeline, Houthis, GCC

East-West oil pipeline, Houthis, GCC

Published by Parlour News

UPSC Essentials brings to you its initiative of subject-wise quizzes. These quizzes are designed to help you revise some of the most important topics from the static part of the syllabus. Attempt today’s subject quiz on  International Relations to check your progress. 🚨 Click Here to read the UPSC Essentials magazine for March 2026. Share your views and suggestions in the comment box or at [email protected]🚨 1. It is an oil pipeline completely in Saudi Arabia. 2. It is used to export oil through the ports on the Red Sea. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Relevance: The East-West Pipeline is strategically significant for bypassing the vulnerable Strait of Hormuz, making it important for questions on global energy routes. The geopolitical tensions in West Asia make such sites important for UPSC. Explanation — Saudi Arabia’s crucial East-West oil pipeline, currently its only outlet for crude exports, was hit in an Iranian attack and other facilities in the kingdom were also targeted, an industry source ⁠told …

No Bollywood Eid release in UAE-GCC after 6 years as Dhurandhar: The Revenge may face ban, Yash’s Toxic postponed | Bollywood News

No Bollywood Eid release in UAE-GCC after 6 years as Dhurandhar: The Revenge may face ban, Yash’s Toxic postponed | Bollywood News

Published by Webster

Ranveer Singh’s Dhurandhar: The Revenge and Yash’s Toxic: A Fairy Tale for Grown-ups were initially slated to release on March 19, 2026. However, the makers of Toxic later postponed the film due to the ongoing tensions in the Middle East. Meanwhile, Dhurandhar: The Revenge is likely to face a ban in Gulf countries, much like its prequel. As a result, Eid in the UAE-GCC region will pass without a major Hindi film release for the first time in six years. The last time this happened was in 2020, when theatres were shut due to the Covid-19 pandemic. Eid has long been a key window for big Bollywood releases in the Middle East, often delivering strong box office numbers thanks to the large South Asian diaspora and a loyal regional audience for Indian films. Why there is no Indian film release this Eid Aditya Dhar’s Dhurandhar: The Revenge is unlikely to secure censor clearance in any Gulf country. The first installment of the film also failed to release in the region, and the sequel appears set …

Rising Bharat Summit | From Back-Offices To Nerve Centres: How GCCs Are Anchoring India’s Global Ambitions | India News

Rising Bharat Summit | From Back-Offices To Nerve Centres: How GCCs Are Anchoring India’s Global Ambitions | India News

Published by Webster

Last Updated:February 27, 2026, 17:27 IST 65% of GCCs have already experimented with or fully rolled out AI pilots, a discussion at the summit revealed The summit brings together leaders, policymakers, and industry voices to shape a future powered by India’s own resolve and ambition. Image/News18 The narrative of India as a mere “back-office” for global corporations has been firmly dismantled at the News18 Rising Bharat Summit 2026. During a high-impact session titled “GCCs Ahoy! All roads lead to India”, industry leaders gathered at Bharat Mandapam in New Delhi on February 27 to map out the meteoric rise of Global Capability Centres (GCCs). The discussion underscored a fundamental shift: India is no longer just providing labour; it is now the strategic “nerve centre” where high-end R&D, autonomous vehicle technology, and AI-first products are conceived and owned. Karan Virwani, Chairperson, MD, and CEO of WeWork India, provided a striking metric for this growth, noting that GCCs now drive 40% of the Indian commercial real estate market. However, the physical expansion is merely a shadow of the intellectual …

Swiss major UBS opens GCC in Hyderabad, to hire 3,000 people over two years

Swiss major UBS opens GCC in Hyderabad, to hire 3,000 people over two years

Published by Parlour News

Telangana IT and Industries Minister D. Sridhar Babu, officials and senior executives of UBS at the opening of the firm’s GCC in Hyderabad on Wednesday (February 11, 2026). | Photo Credit: Arrangement Swiss multinational investment bank and financial services company UBS opened its new global capability centre (GCC) in Hyderabad on Wednesday (February 11, 2026) and with it announced plans to onboard nearly 3,000 professionals over next two years. Describing the opening as a significant step in strengthening its presence in the city and reaffirming long-term commitment to India, UBS said the facility in Gachibowli reinforces Hyderabad’s growing position as a global hub for high-value financial technology, operations and GCC leadership. Telangana IT and Industries Minister D. Sridhar Babu, who inaugurated the GCC, sought to highlight the growing importance of the city for leading firms on the back of the talent pool and other advantages the city offers. “Hyderabad has emerged as a preferred location for the world’s most respected financial institutions. UBS choosing to deepen its presence here reflects the city’s credibility as a …

Amid Pakistan’s strategic pact with Saudi and sour ties with UAE, India moves to restart trade with GCC | What we know

Amid Pakistan’s strategic pact with Saudi and sour ties with UAE, India moves to restart trade with GCC | What we know

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Union commerce minister Piyush Goyal on Thursday announced that India will be restarting talks for a free trade agreement with the Gulf Cooperation Council (GCC). This announcement from Piyush Goyal comes just as India sealed two major trade deals – one with the European Union and one with the United States. Union Commerce and Industries Minister Piyush Goyal in a group photo during the signing of the Terms of Reference (ToR) with the GCC (6 Arab States- Bahrain, Kuwait, Oman, Qatar, Saudi Arabia & UAE), in New Delhi. (@PiyushGoyal X) GCC is a union of six countries in the Gulf region which includes Saudi Arabia, the UAE, Qatar, Kuwait, Oman and Bahrain. The negotiations with India also come months after Pakistan and Saudi Arabia renewed their strategic partnership. GCC FTA to boost trade and investments As per the union commerce minister, the FTA will strengthen the relation between India and the GCC, which “have been trading amongst each other for over 5,000 years”. The BJP leader also stated that there are about 10 million Indians …

Hyderabad emerges as GCC powerhouse, attracts 197 Global Capability Centres since 2024

Western Union GCC opens – The Hindu

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The Western Union Company on Tuesday announced launch of its global capability centre (GCC) in Hyderabad in collaboration with HCLTech. This facility is designed to accelerate Western Union’s transformation through advanced AI-led innovation, a platform operating model and engineering excellence, reinforcing the strategic partnership between the two companies, it said. “This centre represents an important step in Western Union’s transformation journey and expansion in India. Through our strategic partnership with HCLTech, we are combining deep engineering expertise with advanced AI capabilities to go beyond payments, accelerate innovation and deliver seamless, secure experiences for millions of customers worldwide,” president and CEO of Western Union Devin McGranahan said. Along with the Pune Tech Centre, the GCC will serve as a global hub for technology, engineering and operations, driving next-generation payments infrastructure, enhancing digital consumer experiences and building world-class capabilities, Western Union said. “Together, we are focused on delivering measurable outcomes aligned with Western Union’s Beyond strategy, advancing a digital-first business model, expanding consumer services beyond remittances and modernising next-generation payments infrastructure,” HCLTech CEO and MD C. Vijayakumar …

With SEZs Turning Into Office Spaces, India’s Office Demand Set To Rise: Report | India News

With SEZs Turning Into Office Spaces, India’s Office Demand Set To Rise: Report | India News

Published by Webster

Last Updated:November 14, 2025, 10:23 IST The report highlighted that with SEZ space issues now easing, demand from Global Capability Centres (GCCs) and domestic companies is set to rise further. Management teams across all office REITs remain confident that occupancy rates will continue to improve. (Representative/File Photo) Office space demand in India is expected to strengthen as the conversion of Special Economic Zone (SEZ) areas into regular office spaces gathers momentum, according to a report by Nuvama Research. The report highlighted that with SEZ space issues now easing, demand from Global Capability Centres (GCCs) and domestic companies is set to rise further. Nuvama Research stated, “We believe the office cycle has turned, and GCC demand is gaining traction. With the SEZ space issue behind us, we believe office demand should improve going ahead.” The report also noted that retail consumption in India is on a structural uptrend, which supports the overall commercial real estate outlook. With the office cycle turning, leasing activity continued to gain momentum in Q2 FY26. GCCs accounted for 38 per cent …

Karnataka to set up 3 global innovation districts in Bengaluru, Mysuru, Belagavi: CM Siddaramaiah | Bangalore News

Karnataka to set up 3 global innovation districts in Bengaluru, Mysuru, Belagavi: CM Siddaramaiah | Bangalore News

Published by Parlour News

Karnataka will establish three dedicated global innovation districts—in Bengaluru, Mysuru and Belagavi—as part of its Global Capacity Centres (GCC) policy, Chief Minister Siddaramaiah announced on Tuesday. Speaking at the inaugural event of the 27th edition of the Bengaluru Tech Summit in the state capital, Siddaramaiah said, “Karnataka has launched India’s first dedicated Global Capability Centres (GCC) policy, aimed at empowering and supporting these centres. Taking the policy announcement forward, I am proud to announce that we will establish three dedicated global innovation districts in Bengaluru, Mysuru and Belagavi. These will be dedicated parks for GCCs to set up shop here in the state.” “Our state is a preferred destination for GCCs, thanks to its unmatched engineering talent and the highest number of AI professionals globally. This will further be strengthened by our initiatives under NIPUNA Karnataka, which will be a programme designed to create an industry-ready workforce. The five MoUs signed just now, with Microsoft, Intel, Accenture, IBM and BFSI Consortium, will skill 1 lakh people in Karnataka,” he added. According to an official statement, …

Jaishankar to embark on 6-day visit to Saudi Arabia, Germany, Switzerland from Sunday | Latest News India

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New Delhi, External Affairs Minister S Jaishankar will on Sunday embark on a six-day visit to Saudi Arabia, Germany and Switzerland with a larger aim to boost overall bilateral ties and deliberate on pressing regional and global challenges. Jaishankar to embark on 6-day visit to Saudi Arabia, Germany, Switzerland from Sunday He will first travel to the Saudi capital Riyadh on a two-day trip primarily to attend the first India-Gulf Cooperation Council foreign ministers’ meeting, according to the Ministry of External Affairs . The GCC is an influential grouping comprising the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait. The total volume of India’s trade with GCC countries stood at USD 184.46 billion in the financial year 2022-23. In Riyadh, Jaishankar is also expected to hold bilateral meetings with foreign ministers of several GCC member countries. The MEA said India and the GCC enjoy a deep and multifaceted relationship, including in areas of trade and investment, energy, cultural and people-to-people ties. “The GCC region has emerged as a major trading partner for India …