Latest GCC News & Updates

New Delhi, Feb 5 (IANS) India is set to roll out the first tranche of its Bilateral Trade Agreement (BTA) with the United States in matter of days which will see a reduction in tariffs on domestic exports to 18 per cent, Commerce and Industry Minister Piyush Goyal said on Thursday.The minister said that a joint India–US statement is likely to be released in the next four to five days. Once an executive order is issued following the statement, the reduced 18 per cent US tariff on Indian goods w…

New Delhi, Jan 25 (IANS) Bangladesh is entering a new phase of strategic challenges and opportunities in the aftermath of the July 2024 upheaval, as domestic transformations and global geopolitical turbulence converge to reshape the nation’s future. With its scheduled graduation from Least Developed Country (LDC) status in 2026, the country is preparing for a reset in its external relations, demanding reforms in domestic policy and governance to match the evolving realities.At home, a generati…

Chennai, Jan 24 (IANS) The Greater Chennai Corporation (GCC) has cleared around 120 shops from Marina Beach over the past month as part of its ambitious Blue Flag beach development programme, officials said. With Phases I and II nearing completion, civic authorities have now begun preparatory work for Phase III, marking boundaries behind the Anna Memorial — an indication that the next round of evictions is imminent.According to civic officials, the ongoing exercise aims to bring Marina Beach in…

New Delhi, Jan 17 (IANS) The overall tech job market in India, including permanent, temporary and contractual profiles, is expected to see a 12–15 per cent uptick in 2026, adding around 1.25 lakh new roles, a report has said.The report from work solutions provider Adecco India said the talent gap soared to 44 per cent in 2025, pushing median packages 18 per cent higher than 2024 and creating a fierce talent war.It highlighted demand for AI, data and cybersecurity roles grew 51 per cent as thes…

Chennai, Jan 8 (IANS) Chennai is set to witness the return of double-decker buses after a gap of more than 17 years, with the Metropolitan Transport Corporation (MTC) drawing up plans to induct 20 air-conditioned electric double-decker buses as part of its fleet electrification programme. According to a tender floated by the MTC on Thursday, the buses will be procured under the Gross Cost Contract (GCC) model.A pre-bid meeting for interested bidders has been scheduled for January 13 at 3 p.m. Un…

New Delhi, Dec 29 (IANS) Office space absorption across six major Indian cities stood at 75.2 million sq. ft. at year end of CY25, maintaining levels similar to the previous year, a report said on Monday.The report from real estate advisory firm Savills India said that Bengaluru, Delhi-NCR and Mumbai emerged as the top three performing markets, collectively accounting for nearly 61 per cent of the gross leasing activity in 2025.It forecasted that total demand would touch 75 million in 2026, whil…

New Delhi, Dec 22 (IANS) About 62 per cent of global capability centre (GCC) bases operating within flex spaces in India are located in green-certified centres, while an even higher 85 per cent function from grade-A buildings, a new report showed on Monday.Across the top seven cities, 42 per cent of flex centres are green-certified, and 69 per cent are located in premium grade-A buildings, said the report by Vestian.According to Vestian Research, India currently hosts over 1,750 GCC companies wi…