New Delhi, June 12 (IANS) India’s flexible office sector crossed the 100 million sq ft mark and ended FY26 on its strongest commercial footing yet, with robust revenue growth, expanding profitability and increasing enterprise adoption, a report said on Friday.The report from flexible workspace platform myHQ said Global Capability Centres accounted for a record 45.5 per cent of all office leasing in Q1 CY26 and that enterprise clients contributed the majority of revenue across every listed oper…
Latest Global Capability Centres News & Updates
New Delhi, June 9 (IANS) Commerce and Industry Minister Piyush Goyal on Tuesday held a meeting with Janet Truncale, Global Chair and CEO of EY.They exchanged views on India’s consistently growing role in global supply chains and opportunities regarding Global Capability Centres (GCCs).“Also discussed investment avenues, given India’s strong economic growth momentum and emergence as a preferred global investment destination,” Goyal posted on X.Truncale earlier met Finance Minister Nirmala Sit…
New Delhi, June 9 (IANS) India has retained the strongest hiring outlook globally for the third quarter of 2026, with employers reporting a Net Employment Outlook (NEO) of 48 per cent, though companies are expected to adopt a more measured approach to recruitment amid evolving business conditions, according to a report released on Tuesday.According to an analysis by ManpowerGroup, the Net Employment Outlook (NEO) is 48 per cent for the July-September quarter.Around 60 per cent of employers expec…
Hyderabad, June 3 (IANS) Telangana and South Africa have agreed to cooperate in the fields of education, medical tourism and investments. Telangana Chief Minister A. Revanth Reddy, along with Ministers D. Sridhar Babu and C. Damodar Raja Narsimha, held a key bilateral meeting with a high-level delegation from South Africa led by Deputy President Paul Mashatile, here on Wednesday.According to the Chief Minister’s Office (CMO), both sides agreed to cooperate in the fields of education, medical tou…
New Delhi, May 19 (IANS) Union Minister of Commerce and Industry Piyush Goyal on Tuesday called for deeper collaboration between industry and government to advance ease of doing business, enhance India’s competitiveness and accelerate the country’s journey towards Viksit Bharat 2047.Addressing ASSOCHAM India Business Reform Summit 2026 here, the minister said the present global situation and geopolitical uncertainties should be viewed as an opportunity for India to strengthen business proces…
New Delhi, May 8 (IANS) Transactions for large office spaces of 1 lakh square feet and above continued to dominate India’s commercial office market in Q1 2026, with large deals accounting for 65 per cent of total leasing activity across eight leading cities, a report said on Friday.The report from Knight Frank India said the large office space leasing saw year‑on‑year growth of 3 per cent to 19.5 million sq ft from a base of 19 million sq ft in Q1 2025.Bengaluru continued to maintain its l…
Surat, April 29 (IANS) Gujarat is set to place South Gujarat at the centre of its next phase of economic expansion as it hosts the Vibrant Gujarat Regional Conference (VGRC) on May 1 and 2 at AURO University in Surat, alongside a parallel focus on global finance through GIFT City and emerging investment opportunities in Global Capability Centres. The conference is expected to bring together policymakers, industry leaders, startups and international stakeholders to examine the role of innovation,…
New Delhi, April 27 (IANS) India’s office market posted a quarterly record of 21.5 million square feet of gross leasing in Q1 2026, driven by demand from Global Capability Centres and flexible workspace operators, a report said on Monday.The report from commercial real estate services firm JLL said gross leasing rose 10.2 per cent year‑on‑year, with GCCs accounting for 45.5 per cent of demand and flex operators accounting for 25.9 per cent in Q1 2026.This growth is being driven by a fundam…
New Delhi, April 18 (IANS) India’s office market remains on a strong footing amid geopolitical tensions, with rising rents and limited new supply reinforcing growth across key cities, according to a report released on Saturday.The report by property consultancy Knight Frank highlighted that rental values continued to firm up across major markets even as new office completions lagged behind demand.Leasing activity stayed robust during the first quarter of 2026, with 18.8 million square feet tra…
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…