New Delhi, April 17 (IANS) India is rapidly emerging as a global nerve centre for artificial intelligence (AI) in the retail and consumer packaged goods (CPG) sectors, driven by the growing scale and strategic evolution of Global Capability Centres (GCCs), according to a report.As per the analysis of DS Stream, the nation currently hosts over 1,800 GCCs employing nearly 2 million technology professionals, with more than 70 per cent of these centres actively investing in AI-led capabilities acros…
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New Delhi, April 17 (IANS) India’s Global Capability Centre ecosystem posted a 12–14 per cent quarter‑on‑quarter growth in hiring in Q4 FY26, marking a shift from selective optimisation in Q3 to a broader recovery‑led expansion, a report said on Friday.The report from workforce solutions firm Quess Corp noted a huge rise in replacement hiring which now accounted for 40 per cent of all recruitment activity. The rise in replacement hiring was driven by shorter tenure expectations among G…
New Delhi, April 16 (IANS) India’s external position showed resilience in March 2026 as the goods trade deficit fell to $21 billion due to a sharp fall in precious‑metal imports and a rebound in exports, a report said on Thursday.Meanwhile, a robust services sector surplus continued to offset the higher goods deficit, the report from Emkay Global Financial Services noted.India’s total imports fell about 6 per cent month‑on‑month to $59.6 billion, and total exports rose 6 per cent to $38.9 …
New Delhi, April 13 (IANS) The office leasing market in India witnessed a 10 per cent year-on-year (YoY) growth to 21.6 million sq ft in the first quarter of 2026, marking the strongest leasing activity in the past five years, according to a report released on Monday.According to the Savills India report, in terms of supply, the activity declined by 28 per cent year-on-year to 7.9 million sq ft, while the overall vacancy rate eased to 13.9 per cent during the same period, supported by steady lea…
New Delhi, April 1 (IANS) The Indian real estate sector recorded the highest first-quarter inflow of institutional investments since 2022, valued at $1.4 billion in January-March 2026, a report showed on Wednesday.Despite registering a quarterly decline of 62 per cent due to an exceptionally high base in the preceding quarter, investments surged by 74 per cent over the same period a year earlier, according to a report by Vestian. This highlights strong investor confidence in India’s real estat…
New Delhi, March 26 (IANS) India’s office real estate market has begun 2026 on a strong note, with leasing activity touching 18.3 million square feet in the January–March quarter, a report said on Thursday.This marks a 15 per cent increase compared to the same period last year, according to a report by Colliers India.The growth was largely driven by major cities like Bengaluru and Hyderabad, which together accounted for nearly half of the total leasing activity at 8.7 million square feet.Oth…
New Delhi, March 18 (IANS) Around 65–68 per cent of the projected office supply in India during 2026–27 is expected to come up within integrated technology parks, a report showed on Wednesday.A report by CBRE said this suggested a rise from 54–58 per cent in 2024–25. India’s total office stock is also projected to cross the 1 billion sq ft mark this year.The report also noted that 2025 was the strongest year for the office market in terms of both leasing and supply.“Annual gross abso…
New Delhi, Feb 23 (IANS) India’s GCC office market transition from cost‑cutting centres or back offices to global growth engines marks a watershed moment in the country’s economic history, a report said on Monday.The report from The Hindu said nearly 58 per cent of Global Capability Centres (GCCs) in India are investing heavily in Agentic AI, that can reason and execute complex tasks moving beyond experimentation to enterprise‑scale deployment.Indian GCCs now act as Centres of Excellence f…
New Delhi, Feb 23 (IANS) India alone will contribute to about 40 per cent of Grade‑A office supply in Asia Pacific (APAC) in 2026, a report said on Monday.The Grade-A office supply in APAC region is expected to reach a record 61.3 million sq. ft. in 2026, up 10.8 per cent from 55.3 million sq. ft. in 2025, the report from CBRE South Asia Pvt. Ltd said.India and mainland China together will contribute more than 75 per cent of the total supply, it added.Bengaluru, Delhi-NCR, and Mumbai rank amon…
Mumbai, Feb 19 (IANS) Global Capability Centres (GCCs) could account for up to 50 per cent of India’s office space demand across the top seven markets as US firms continue to dominate leasing activity, a report said on Thursday. The report from Colliers India said US firms have accounted for close to 70 per cent of GCC leasing activity in India since 2020, followed by EU and UK companies at an 8–10 per cent share each.The annual Grade A office uptake by GCCs could reach 35–40 million sq ft…