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Geopolitical uncertainties affect job openings in semiconductor design GCCs in FY25: Report
Economic Times
·
1m ago
Medial
India's semiconductor design Global Capability Centers (GCCs) saw a 15% decline in job openings in 2024-25 due to geopolitical uncertainties and global supply chain issues, according to a Careernet report. Although there was a slowdown in hiring, demand for skills in VLSI, embedded systems, and RF/analogue design remained strong. Despite short-term hiring fluctuations, there is optimism for long-term growth due to global focus on supply chain resilience and government initiatives.
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GCC expansion facing delays amid tariff, geopolitical uncertainties
Economic Times
·
2m ago
Medial
Expansion plans for global capability centres (GCCs) in India are experiencing delays due to US tariff uncertainties and geopolitical tensions, particularly in sectors sensitive to tariffs like automotive. Despite short-term pauses, experts view these as tactical rather than structural issues. Existing GCCs are being pressured to optimise costs through strategic enhancements like generative AI adoption. The long-term outlook remains positive, with continued recruitment and a focus on critical skills in AI/ML, cybersecurity, and cloud technologies.
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Global capability centre industry to become catalyst for creating jobs: report
Economic Times
·
11m ago
Medial
According to a report by HR Services and Workforce Solutions provider Genius Consultants, 78% of professionals expect India's global capability centres (GCCs) to create new job opportunities, particularly benefiting gig workers and temporary workforce. The report highlights the pivotal role of GCCs in advancing cutting-edge technologies such as AI and cloud computing. Additionally, 94% of respondents believe that GCCs will have a positive impact on India's overall economic output. The establishment of GCCs by multinational corporations is expected to increase job availability and opportunities for local professionals, contributing to the growth of India's industrial landscape.
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The rise of the GCC ecosystem in India
Economic Times
·
1y ago
Medial
India has witnessed the establishment of 10 new global capability centers (GCCs) in Q4 2023, bringing the total count to 1,580 GCCs. The report by Nasscom and Zinnov highlights the entry of key multinational corporations such as Edge Cortix, M31 Technology Corporation, and Signature IP into the Indian market. Approximately 50% of the new GCCs are US-based companies. The focus areas for these centers include artificial intelligence, machine learning, cybersecurity, and automotive technologies. India's GCCs are increasingly attracting global companies due to their expertise and advantages. Additionally, a significant number of new GCCs are being established in the semiconductor sector.
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Geopolitical, macroeconomic uncertainties weigh on PE inflows in real estate
VCCircle
·
3m ago
Medial
Geopolitical and macroeconomic uncertainties have affected private equity investments in India's real estate sector, resulting in a slight year-on-year decline in total inflows to $3.7 billion, according to Anarock Capital Investment Banking's report.
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Growth of India capability centres set to rise sharply: ANSR
Economic Times
·
1y ago
Medial
The growth of global capability centres (GCCs) in India is expected to increase rapidly as it transforms from a low-cost back office location to a high-value innovation hub. Indian GCCs are now involved in cutting-edge projects such as dashboard design for luxury cars and drug discovery for pharmaceutical companies. The expansion of GCCs beyond tech support includes designing cars, batteries, engines, products, and apparel. Over the past two years, overseas companies have opened 118 GCCs in India, with a forecasted contribution of 2% to India's GDP by 2030. Job losses due to AI are not a major concern for GCCs as it is expected to enhance efficiency and produce better quality work.
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Gautam Adani's Middle East gamble: Billions at risk as Iran-Israel war escalates
Economic Times
·
1m ago
Medial
The Adani Group's investments in Israel, including the Haifa Port and defense ventures, face risks as the Israel-Iran conflict intensifies. Haifa Port, vital for Israeli trade, could see cargo delays and disruptions. Adani's defense collaboration with Elbit Systems may gain from increased military needs, but geopolitical tensions complicate economic prospects. A semiconductor project with Tower Semiconductor is paused amidst uncertainties, amplifying the strategic significance of Adani's holdings in this unstable region.
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Tesla hires in India, signalling entry plans after Narendra Modi’s US trip
Economic Times
·
4m ago
Medial
Tesla is actively hiring in India, suggesting plans to enter the market, following CEO Elon Musk's meeting with Prime Minister Narendra Modi. The company posted 13 job openings for various roles, including service technician and customer engagement manager, mainly in Mumbai and Delhi. India has reduced import duties on high-end cars, attracting Tesla despite India's relatively nascent EV market. The move aligns with geopolitical interactions involving Musk and international governments, underscoring Tesla's global ambitions.
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Growing Complexity in Cyberspace Primes Global Cybersecurity Outlook for 2025
Economic Times
·
6m ago
Medial
The World Economic Forum's Global Cybersecurity Outlook 2025 report highlights increasing cyber complexity due to technological growth, geopolitical uncertainties, and supply chain vulnerabilities. Geopolitical tensions, regulatory fragmentation, and advanced threats like those from GenAI deepen cyber inequity. Nearly 54% of large firms cite supply chain issues as barriers to cyber resilience. The report emphasizes public-private collaboration, adopting a security-first mindset, and evaluating cyber risks socioeconomically to strengthen resilience against sophisticated attacks impacting financial stability.
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Govt plans to set up mini Silicon Valley in Goa: Piyush Goyal
Inshorts
·
8m ago
Medial
Union Commerce Minister Piyush Goyal said that the central government is planning to set up a mini Silicon Valley for global capacity centers (GCCs) in Goa. He said, "We envision developing Goa as a preferred destination for data centres, semiconductor chip design and development, and high-end electronics and automotive manufacturing." He said this during the Amazing Goa Global Business Summit.
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China's ByteDance working with Broadcom to develop advanced AI chip
Economic Times
·
1y ago
Medial
China's ByteDance is collaborating with U.S. chip designer Broadcom to develop an advanced AI processor to secure a steady supply of high-end chips amid tensions between the U.S. and China. The custom 5nm chip, compliant with U.S. export controls, will be manufactured by Taiwan Semiconductor Manufacturing Company (TSMC). The partnership aims to lower costs and ensure availability of higher-end chips crucial for ByteDance's AI algorithms. ByteDance has been purchasing Nvidia and Huawei chips to support its AI efforts and has posted semiconductor-related job openings on its website.
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