GCC COUNTRIES
Telangana number one in attracting investments, managing inflation: Revanth Reddy
Telangana Chief Minister Revanth Reddy announced the state leads India in investments, inflation control, and law and order. Since December 2023, Telangana has attracted nearly Rs three lakh crore in investments and created over one lakh private sector jobs. The government plans to fund young entrepreneurs and build 'Future City'.
Demand for housing, office, retail space may dip slightly if India-Pakistan conflict widens: Anarock
Anarock anticipates a temporary 5-10% dip in North Indian housing sales if the India-Pakistan conflict escalates, potentially impacting office and retail spaces. Construction delays and dampened confidence may lead to purchase postponements, though long-term demand is expected to recover within a year. The hospitality sector in affected regions could see occupancy drops, but domestic leisure travel should remain robust.
Key initiative launched to facilitate mobility of Indians abroad
The Global Access to Talent from India (GATI) Foundation has launched to facilitate the mobility of the Indian workforce abroad, addressing a projected global shortage of skilled workers. GATI aims to create ethical pathways for international talent mobility through collaboration between governments, businesses, and nonprofits.
UAE Deputy Prime Minister Shiekh Saif visits Russia as President Trump announces his first GCC visit
Amidst global tensions, the UAE is emerging as a significant diplomatic force. Sheikh Saif's visit to Moscow highlights the UAE's neutral stance. The UAE is fostering cooperation with both Russia and the US. It emphasizes religious tolerance and regional stability. The UAE facilitated a Russia-Ukraine prisoner exchange. Donald Trump's upcoming visit to Gulf countries underscores the region's importance.
Trump to meet GCC leaders in Riyadh: source close to Saudi government
Ahead of the visit, the United States on Friday approved a $3.5 billion sale of missiles to Saudi Arabia. Trump has boasted of securing major commercial deals from oil-rich Saudi Arabia, which has also been a key go-between for US diplomacy on Russia and Ukraine.
“Beneficial for the world”—Ankur Warikoo, Vijay Shekhar Sharma laud India’s AI talent
Students are going all out and doing things for themselves in this domain. All of that will trickle back into the economy,” says serial entrepreneur Ankur Warikoo.
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US tariff tantrums delay GCC expansion as companies await clarity
Delayed decision-making is particularly noticeable in tariff-sensitive sectors like automotive and integrated hardware, experts said. “But these are more tactical pauses than structural pullbacks,” said Karthik Padmanabhan, managing partner-GCC advisory at management consulting firm Zinnov. The proposed US tariffs and heightened geopolitical tensions are adding to concerns.
Japan's Rakuten to invest at least $100 million in India, increase hiring, top executive says
Rakuten plans a significant expansion in India, investing at least $100 million and increasing its workforce by 8% to bolster its global operations. The internet conglomerate is leveraging AI to improve efficiency across various sectors, including fintech and e-commerce.
Workday to establish GCC in Chennai with Rs 220 crore investment
Tamil Nadu industries minister TRB Rajaa said on Monday that an MoU has been signed between the Fortune 500 company and Guidance, the state's investment promotion agency, to establish this centre in the state capital. The GCC is expected to create up to 3,000 jobs.
Kuwait visit visa: Step-by-step guide for parents and relatives
Kuwait's Ministry of Interior has announced guidelines for expatriates seeking visit visas for parents and relatives. Sponsors must meet specific salary requirements, KWD 400 for parents and KWD 800 for other relatives, and provide necessary documentation, including passport copies, Civil ID, and proof of relationship. The visa is valid for one month, non-convertible to residency, and overstaying incurs penalties.
Bhartiya Urban ventures into GCC space with Bhartiya Converge
Bhartiya Urban has introduced Bhartiya Converge, a GCC enablement platform, to streamline operations for global corporations in India. This integrated suite aims to enhance agility, efficiency, and scalable growth by addressing infrastructure, talent, and business operations.
India's GCC workforce expected to create 4 lakh jobs for freshers by 2030: FirstMeridian
India's Global Capability Centres (GCCs) are poised for substantial growth, projected to reach a workforce of 3 million by 2030. This expansion is expected to generate approximately 400,000 jobs for freshers by 2030 and drive a 3-5% improvement in gender diversity.
The NRIs will be India's bulwark against global turmoil
NRI remittances significantly bolster India's economy, acting as a crucial buffer against global volatility and trade deficits. Inflows reached a record $129.4 billion in 2024, with the US emerging as a major source alongside GCC countries. Factors like India's economic growth, stock market performance, improved living standards, and rupee depreciation are attracting increased NRI investment across various asset classes.
Bold reforms, enhanced capacities key to India's growth story over next two decades: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman emphasized India's commitment to sustained growth through bold reforms and strategic collaborations. Structural reforms, infrastructure development, and deregulation have laid a strong foundation. India aims to become a developed nation by 2047, focusing on inclusive, sustainable, and innovation-led growth, leveraging digital infrastructure and supporting MSMEs, especially women-led enterprises.
Our partnership has limitless potential: PM Modi ahead of his two-day visit to Saudi Arabia
Ahead of his Saudi Arabia visit, PM Modi lauded the India-Saudi relationship as a "pillar of stability," emphasizing its "limitless potential." He praised Crown Prince Mohammed bin Salman's vision and commitment to bilateral ties. Highlighting the countries' strong economic connection, PM Modi noted growing trade and investment, particularly in energy and food security.
Dubai Chamber's new Bengaluru office signals strong focus on tech, AI: Experts
The Bengaluru branch of the DCC was inaugurated on April 9, during the visit of Dubai's Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, who also serves as the Deputy Prime Minister, to India to strengthen bilateral ties. The DCC had earlier opened its first office in Mumbai in 2018.
Trump's tariff tremors put Indian realty market on uneven ground
Donald Trump's tariffs initially sparked concerns in India's realty sector regarding office leasing and investments. However, India's office market showed resilience in Q1 2025, driven by corporate realignment strategies favoring India as a global hub. While commercial real estate remains stable, residential demand faces correction amidst ongoing global trade tensions.
Walmart looks to build tech muscle, expands Chennai GCC
The expansion follows Walmart leasing about around 900, 000 sq ft in Bengaluru between Q3 and Q4 of 2024 from realty developer Prestige Group.
Wipro focusing on 5 key strategic initiatives to drive growth, says CEO Srini Pallia
Wipro faces revenue growth challenges, particularly in Europe, despite growth in America. The company focuses on large deals and cost optimization to maintain profitability amidst margin pressures. Strategic priorities include targeting key accounts, building AI-powered solutions, and upskilling talent. Wipro is committed to returning capital to shareholders while navigating uncertain market conditions.
Indian, African solar start-ups join forces to cut costs and brighten futures
Start-ups from India and Africa are collaborating to reduce the costs associated with adopting solar products.
GCC countries strategic hub for global investment, trade integration: Nahyan bin Mubarak
Sheikh Nahyan inaugurated the LIBF GCC Calling 2025 in Dubai, emphasizing the UAE's commitment to sustainable entrepreneurship and economic cooperation with India. The conference, attended by over 1000 leaders from 37 countries, highlighted the Indian community's vital role in strengthening Gulf relations. Furthermore, the launch of LIBF Expo 2026 in India was announced to drive investment and trade integration.
Deputy Prime Minister Of UAE inaugurates DP World’s Nhava Sheva Business Park in Mumbai
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum inaugurated DP World's Nhava Sheva Business Park in Mumbai, marking a significant step in UAE-India economic ties. This state-of-the-art Free Trade Warehousing Zone, part of DP World's $200 million investment, aims to enhance supply chain efficiency and boost India's global trade ambitions.
Yum! Brands appoint Manish Jain as leader of digital and technology India GCC
Yum! Brands has appointed Manish Jain as the leader of its digital and technology (D&T) India global capability centre (GCC). Jain will spearhead the company’s GCC strategy and shared services operations in India. He brings over two decades of experience in global business services and GCC space to the role.
Indian job market resilient despite global uncertainties: Michael Page India's Nilay Khandelwal
Despite global economic uncertainties, India's job market remains robust, fueled by its skilled workforce and cost-effectiveness, according to Michael Page India. Demand is surging for tech professionals, particularly in AI, cybersecurity, and digital transformation, as companies expand their Global Capability Centers.
POS machines surge; Anti-deepfakes security rush
Happy Thursday! POS terminals have nearly doubled in three years, RBI data shows. This and more in today’s ETtech Morning Dispatch.
These mid-cap stocks with ‘strong buy’ & ‘buy’ recos can rally over 26%, according to analysts
The markets are at a stage where everyone is thinking one day at a time. The reason: Volatility. Today (Thursday), the markets are closed for trading in India. No one knows what will happen to the US market when they open for trade for Thursday later in the evening. The Indian market will react on Friday to whatever happens in the US market. Now, given the fact that Wednesday saw strong volatile movement in the Dow on the basis of tariff-related statements, to predict what will happen till Friday morning is impossible. So, remember: Investing is not about thinking on a day-to-day basis. It is about thinking beyond what is happening today.
BFSI firms fuel India’s office leasing surge with over 100% YoY growth in Q1 2025
In Q1 2025, India's office leasing market saw significant growth, with gross absorption reaching 18 million sq. ft., a 5% YoY increase. The BFSI sector, driven by Global Capability Centres, notably contributed 26% of total absorption. Bengaluru, Delhi-NCR, and Mumbai led leasing activity, with green-certified office spaces gaining prominence.
Fintechs plug into EVs; Groww’s CCI nod
Happy Wednesday! Fintech startups are tapping into India’s growing commercial EV market. This and more in today’s ETtech Morning Dispatch.
India receives over $100 billion remittances for three consecutive years
Overseas Indians sent home a record $129.4 billion in 2024, with $36 billion in the December quarter alone. India has topped global remittances for over 25 years, driven by skilled migration to developed economies and the GCC. Despite inflation, remittances surged 63% since the pandemic, reaching nearly $100 billion for the third consecutive year.
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