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EXPLAINED: 2 - The Real Truth

Karnataka to roll out comprehensive data centre policy to support infra requirements of AI

Karnataka will soon unveil a comprehensive data centre policy to support AI infrastructure needs. This policy aims to create essential digital infrastructure for AI-led innovation and advanced computing. The state is also establishing India's first public sector-led AI University and an AI Hub. Bengaluru's infrastructure development will see significant investments…

The Economic Times

Spain's Submer Group to invest $2 billion in semiconductor industry in Madhya Pradesh

Spain's Submer Group announced a significant USD 2 billion investment in Madhya Pradesh. This substantial investment will foster growth within the region's semiconductor industry. The initiative is expected to generate approximately 5,000 direct employment opportunities for local residents. Land for a data center project was swiftly allotted within six days.

The Economic Times

Global headwinds, resilient MSMEs: India’s ECLGS 5.0 response

The real significance of ECLGS 5.0 lies not merely in the credit it provides but in what the credit protects.

The Economic Times

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India wants to lead, not just host, GCCs: Nirmala Sitharaman

India aims to lead global capability centres and the world's knowledge economy. The nation now hosts over half of the world's GCCs, which is significant. India's focus shifts from scale to enabling innovation and shaping future technologies. Enterprises are prioritizing innovation and long-term competitiveness over cost reduction. The government is…

The Economic Times

Tier 2 cities emerge as next frontiers for India's growing GCC ecosystem

Rajeshwar Singh Jenwar, Director and HoD, Software Industry Promotion Division, Ministry of Electronics and Information Technology (MeitY), said India's GCC (global capability centre) ecosystem has witnessed remarkable growth over the past five years.

The Economic Times

Skilling vital in India's goal of becoming AI solutions capital: IT Secretary

Speaking at the CII GCC Business Summit, Krishnan noted that the deployment of AI in enterprises is still lagging across the world, not just in India, presenting an opportunity for GCCs here to play a critical role.

The Economic Times

Govt has done its part on GCCs via Budget, now industry must invest in skilling and innovation to counter AI risks: CEA Nageswaran

Chief Economic Adviser V Anantha Nageswaran urged industry to invest in skilling and innovation. He stated government has supported Global Capability Centres through Budget announcements. Artificial intelligence poses risks to business models focused solely on low-cost execution. The government encourages GCC expansion beyond major metropolitan cities. Firms and people must…

The Economic Times

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AI penetration doubles in India's retail GCCs, but senior talent remains scarce

Artificial intelligence penetration in India's retail Global Capability Centres (GCC) has doubled, yet AI professionals still represent fewer than one in 20 employees, according to a report by TeamLease Digital. The findings highlighted a stark capability mismatch even as India scales its presence globally, holding 180 centres and over 270,000…

The Economic Times

Kuwait announces eligibility rules for 15-year investor residency permit. Here's who can apply

Kuwait has announced eligibility criteria for its 15-year Investor Residency Permit. This long-term visa program is now operational for foreign investors and their families. Eligible applicants include company owners, directors, and senior management with specific investment requirements. The permit aims to boost Kuwait's appeal as an investment destination. Separately, a…

The Economic Times

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

Japan emerges as largest APAC contributor to India's GCC ecosystem: Deloitte

Japan is now India's top contributor to the Asia-Pacific GCC sector, with over 100 Japanese companies establishing centers. These hubs are increasingly focusing on innovation, digital transformation, and product development in areas like AI and advanced manufacturing. This expansion signifies a new era of economic collaboration, leveraging India's talent and…

The Economic Times

Gulf bond markets rally despite uncertain outlook

GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle

Fortune

GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle

The easing of geopolitical tensions has fueled a surge in GCC bond and sukuk issuance. But with the Federal Reserve expected to keep rates on hold, tight dollar liquidity remains a stubborn headwind to future recovery.

Fortune

"Interventionist, irresponsible, provocative": Iran slams US-GCC statement curbing Tehran's nuclear programme

In a statement released by Iran's Ministry of Foreign Affairs and carried by state media Islamic Republic of Iran Broadcasting (IRIB), Tehran warned against what it called continued "belligerent and interventionist behaviours" in the region.

The Economic Times

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The National (Scotland)

Major route through Scottish city centre to reopen after nearly three months

A busy Glasgow city centre route, which has been shut for more than eleven weeks, will finally reopen next week

The Economic Times

US-Iran agree to setup direct channel with IRGC to de-escalate conflict, says VP Vance

US Vice President JD Vance confirmed a direct deconfliction channel between US and Iran military representatives, including the IRGC and CENTCOM, will be established in Doha, Qatar. This move aims to reduce conflict risks. Meanwhile, the US and GCC reaffirmed their strategic partnership, emphasizing regional security, diplomacy with Iran, and…

Euronews

Gulf states weigh living side by side with Iran as Tehran weaponises Hormuz

As the frontline countries paying the largest price for the Iran war, pressed by severe economic urgencies, the Gulf states are beginning their own firm process towards regional stability with rival Iran, while Tehran continues weaponising the Strait of Hormuz to sow division with its neighbours.

Euronews

IRGC warns ships off Oman's corridor in Hormuz as Rubio draws line on tolls

The IRGC warned that any vessel navigating outside Tehran's designated routes was acting illegally, directly rejecting Oman's newly announced temporary corridor, as Rubio told a GCC meeting the US would not accept fees regardless of how they are framed.

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The Economic Times

PE firms, mid-market companies drive India’s new GCC wave

India's Global Capability Centre (GCC) landscape is shifting, with private equity-backed and mid-market firms now driving significant expansion. These companies are leveraging GCCs beyond cost savings to build advanced capabilities in AI and engineering, creating substantial value for their portfolios. This trend signifies a maturing strategy for PE firms, moving…

AAP

Global Nexa Initiative Launches to Support Climate and Health Innovations

LONDON, June 21, 2026 (GLOBE NEWSWIRE) -- At London Climate Action Week, Grand Challenges Canada (GCC) and the Science for Africa Foundation (SFA Foundation) today announced the launch of Nexa, a global initiative to support locally led innovations that address the growing health impacts of climate change. Nexa is led…

The Economic Times

PE firms join GCC boom, push portfolio companies to set up captive centres

Private equity-backed firms are increasingly establishing Global Capability Centres (GCCs) in India, moving beyond cost savings to build AI, engineering, and product capabilities. This trend signifies a shift from large corporations to mid-market companies leveraging GCCs as a strategic value-creation tool for portfolio companies.

The Economic Times

CNTXT AI acquires Actualize to strengthen Arabic voice AI for enterprise and government across the GCC

UAE-based CNTXT AI has acquired Actualize, an enterprise AI company specializing in dialect-aware Arabic voice agents. This move significantly enhances CNTXT AI's Arabic voice AI capabilities, enabling sovereign AI agents that can perform actions across enterprise and government sectors. The combined entity aims to simplify the path from data to…

The Economic Times

Durable US-Iran peace deal to provide predictable environment for trade: CRF

A US-Iran peace deal promises greater regional stability. This will benefit Indian exporters with reduced costs for shipping, insurance, and logistics. It will also create a more predictable trade environment. The agreement is set to be signed soon. This development is crucial for facilitating trade and strengthening initiatives like IMEC.…

The National (Scotland)

Community rallies together to fight back against closure of Victorian attraction

Campaigners descended on a Glasgow park to fight back against the permanent closure of a much-loved Victorian attraction.

The Economic Times

Indian staffing cos step up global reach to diversify revenues

Indian staffing companies are actively expanding their global reach. They are tapping into international talent shortages across sectors like healthcare, engineering, and technology. This strategic move aims to diversify revenue and enhance profit margins. Firms are focusing on regions like Southeast Asia, the US, and Europe. This expansion is driven…

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