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The great $100-billion tech shift: GCCs tighten grip on India’s talent market

India's Global Capability Centres (GCCs) jobs: India's Global Capability Centres (GCCs) are rapidly outpacing traditional IT services, driven by multinational corporations' need for control over IP, data, and AI. With a deep talent pool and higher compensation, GCCs are becoming the primary engine for specialized tech talent absorption, reshaping India's…

The Economic Times

India-Oman trade pact eases hiring of Indian workers by domestic investors in Muscat

In a significant move, India and Oman have finalized a trade pact that enables Indian firms to hire workers without the constraints of local quotas. Starting June 1, this initiative prioritizes Indian nationals for employment in Omani projects. It also reinforces the protection of Indian workers across various non-service industries,…

The Economic Times

India's brain-gain moment may be starting with a crack in the American dream

As green card backlogs, visa uncertainty and layoffs reshape the American dream, India is emerging as a stronger destination for globally experienced professionals. Experts say GCCs, AI, semiconductors and product firms could absorb returning talent, though compensation gaps and ecosystem challenges remain.

The Economic Times

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India, Oman trade pact to come into force from June 1; Check what's inside

India and Oman's Comprehensive Economic Partnership Agreement, CEPA, begins on June 1. This pact offers Indian exports 100% duty-free access to Oman. Key sectors like textiles and agriculture will see immediate benefits. Oman also grants zero-duty access to Indian industrial goods. India protects sensitive domestic industries. Service professionals gain new…

The Economic Times

Industry expects policy continuity, faster execution under Shivakumar in Karnataka

Executives from the technology, semiconductor and digital economy ecosystem said Karnataka’s long-standing strengths in talent, research and innovation are institutional in nature and unlikely to change with a leadership transition. At the same time, they said stable leadership and faster decision-making would help the state compete more effectively with others…

The Economic Times

American Airlines plans to double India tech hub staff, sources say

American Airlines is set to significantly expand its technology hub in Hyderabad. The company plans to double its workforce to approximately 800 employees by early next year. This move follows similar expansions by other major global corporations in India. These hubs are increasingly handling core business functions, not just back-office…

The Economic Times

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

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Phoenix Asia Towers reflects the next phase of Bengaluru’s GCC growth story

Bengaluru's office market is shifting north. Global capability centres now seek integrated workplaces with better connectivity and employee experience. North Bengaluru offers this with new infrastructure and large-scale developments. Phoenix Asia Towers exemplifies this trend, providing a mixed-use environment with retail and lifestyle amenities. This development caters to evolving enterprise…

The Economic Times

Awfis Space Solutions shares surge 9% after Q4 profit jumps 107% YoY

Awfis Space Solutions shares saw a significant jump after the company announced a more than two-fold increase in net profit for the March 2026 quarter. Strong demand for managed office spaces and expansion across India drove this performance. The company reported robust revenue growth and improved operational efficiency.

The Economic Times

Venus Remedies gets Saudi FDA approval for speciality oncology therapy

Venus Remedies Limited has secured its first global marketing authorization for its specialty oncology therapy, Plerixafor, from the Saudi Food and Drug Authority (SFDA). This hematopoietic stem cell mobilizer is crucial for patients undergoing stem cell transplantation for multiple myeloma and non-Hodgkin lymphoma.

The Economic Times

Top Executive Search & Recruitment Services For 2026

Hiring the right leadership talent has become one of the most important priorities for organizations preparing for growth in 2026

inkl

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

'Historic' UK trade deal with Gulf states set to add billions to British economy

The deal is the first of its kind between the GCC and a G7 country, and will scrap tariffs on billions of euros worth of British exports.

Euronews

UK Lands First G7 Gulf Trade Deal Worth £3.7B — Without a Human Rights Clause

The UK's landmark trade deal with the Gulf Cooperation Council eliminates £580M in tariffs, boosting the economy by £3.7B annually. Explore the benefits for British businesses and workers.

International Business Times UK

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AAP

Bitget Kicks Off Second Year Supporting UNICEF's Game Changers Coalition, Backing Expansion into Financial Literacy and AI

VICTORIA, Seychelles, May 21, 2026 (GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), announced today the start of its second-year partnership in support of the UNICEF Game Changers Coalition (GCC). The coalition, which has reached over 642,000 young people, parents, and teachers across eight countries since launch, is…

The Independent UK

UK announces trade deal with six Gulf states worth £3.7bn a year

The UK has become the first G7 country to strike a free trade deal with the bloc of six Gulf states

The Guardian - UK

UK strikes £3.7bn trade deal with six Gulf states

Keir Starmer describes the agreement, worth double original estimates, as a ‘huge win’ for British businesses

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…

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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.

Fortune

High gas prices are just the beginning: How the Iran war is changing the global energy map

The largest global energy-supply shock in history is causing chaos around the world. Here are the winners and losers.

Evening Standard

UK business news today: What went wrong with HS2

The latest from the world of business, and a look ahead to next week

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 Conversation

Gulf state cooperation has long been shaped by the threat of Iran − but shows of unity belie division

Arab Gulf countries, battered economically and physically by the war with Iran, were keen to put on a united front at a key regional meeting on April 28, 2026.

Euronews

The UAE’s OPEC exit signals strategic shift as Gulf unity faces new test over oil policy

The UAE's exit from OPEC signals a strategic shift, raising questions about Gulf coordination and the organisation's future.

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