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Partner with startups to drive disruption, experts urge GCCs
Money Control
·
1y ago
Medial
Global Capability Centres (GCCs) are being urged to partner with startups in order to drive innovation and disrupt the market. The need for GCCs to work with startups and infuse their organisations with a higher level of innovation has become critical. Collaboration with startups is increasingly essential, but it needs to be done with a clear understanding of the problem being solved. GCCs should not lose sight of the global problem they are addressing and should focus on long-term value creation. Integrating startups into enterprises has become crucial as innovation is now happening within startups.
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GCC expansion facing delays amid tariff, geopolitical uncertainties
Economic Times
·
3m 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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India's next AI wave to be driven by inclusive, monetisable solutions, say experts - The Economic Times
Economic Times
·
1d ago
Medial
Experts at an IIM Calcutta Innovation Park event highlighted India’s potential to lead in AI through affordable and impactful applications across key sectors like logistics, agriculture, and education. By focusing on scalable, inclusive solutions, startups can seize the AI opportunity. The collaboration with Google aims to provide early-stage startups with practical training in generative AI tools and connects them with technical and investment support to drive sustainable development and innovation.
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Government’s paltry tax sops unlikely to steer GCCs to a safe harbour
Economic Times
·
4m ago
Medial
The expansion of the turnover threshold to Rs 300 crore under India's safe harbour tax rules for global capability centres (GCCs) is viewed as insufficient by industry experts. Although it aims to ease doing business, the increase from Rs 200 crore falls short of Nasscom's recommended Rs 2,000 crore. This change is unlikely to significantly impact tax-related uncertainties, with most companies opting out due to litigation fears. Experts suggest a higher threshold and tax standardization for better results.
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IT outage: Microsoft deploys hundreds of engineers, experts to restore services
Economic Times
·
1y ago
Medial
Microsoft has deployed hundreds of engineers and experts to help restore services for customers following an outage caused by its cybersecurity partner, CrowdStrike. The global outage, which affected around 8.5 million devices worldwide, was caused by an update from CrowdStrike on July 18. The disruption impacted various businesses, including airports and airlines in India. Microsoft is collaborating with other cloud providers, such as Google Cloud Platform and Amazon Web Services, to address the issue and provide technical guidance and support to affected customers. The incident highlights the interconnected nature of the technology ecosystem and the importance of prioritizing safe deployment and disaster recovery.
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Tamil Nadu to offer sops for creation of high paying jobs in Global Capability Centres
Economic Times
·
1y ago
Medial
Tamil Nadu government plans to incentivize the creation of high-paying jobs in Global Capability Centres (GCCs) by offering a payroll subsidy. This move aims to attract more GCCs to the region and compete with hubs like Bengaluru and Hyderabad. The subsidy will be provided for three years, with 30% in the first year, 20% in the second year, and 10% in the third year for jobs paying above Rs. 1 lakh per month. Industry experts believe this initiative will accelerate growth and attract investment to the state. However, it is noted that a welcoming culture for outsiders will also be crucial for the success of this strategy.
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Experts for budget boost to guard digital space from threats
Economic Times
·
6m ago
Medial
Industry experts urge the Indian government to allocate a dedicated budget for cybersecurity in the 2025 Union Budget to address increasing cyber threats. Emphasizing the need for support, especially for vulnerable sectors and small businesses, experts advocate for incentives to boost cybersecurity investments. They highlight the importance of a focused budget to enhance national resilience, foster innovation, and prioritise cybersecurity as a strategic sector crucial for India's security and economic prosperity.
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Google Cloud to boost support for early-stage AI startups with new programmes, partnerships
YourStory
·
9m ago
Medial
Google has launched a range of initiatives and partnerships to support the growth of AI startups in India. These programs include the Emerging ISV Partner Springboard, which offers a 12-week program to accelerate growth for AI startups and provide support from Google AI experts and access to the Google Cloud Marketplace. The Google for Startups Cloud Program will provide early-stage founders with $200,000 in Google Cloud credits over two years, and AI-based startups will receive $350,000 in credits. Google has also collaborated with Y Combinator and other accelerators to provide support and resources to AI-focused startups.
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ChatGPT, Gemini & others are doing something terrible to your brain
Economic Times
·
1m ago
Medial
Studies indicate that frequent use of AI platforms like ChatGPT can diminish critical thinking skills and motivation among users. Emotional bonds with chatbots may lead to feelings of loneliness, while excessive interaction has resulted in reported psychotic episodes. Experts urge for enhanced regulation and proactive protections regarding the mental health implications of AI, as the subtle manipulations and personalized interactions with these technologies could pose significant risks to users' relationships with reality and social connections.
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India Accelerator unveils Cohort'25, commits $8-10M for tech startups
YourStory
·
7m ago
Medial
India Accelerator has introduced its 2025 cohort for tech startups, with plans to invest $8-10 million in the programme. In the first quarter of 2025, the cohort will commence to accelerate 30-35 startups in sectors such as autonomous drones, sustainable mobility, ecommerce ecosystems, and Generative AI. India Accelerator aims to provide full ecosystem support to enable startups to make a market-driven impact. The initiative seeks to drive industry transformation and socio-economic change through innovations in various sectors. The accelerator will offer resources and a robust launchpad to help startups achieve market readiness, along with a specialised mentor board and guidance from industry experts.
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Celonis appoints ex-SAP exec Dilipkumar Khandelwal as chief customer officer - The Economic Times
Economic Times
·
24d ago
Medial
Celonis has appointed former SAP executive Dilipkumar Khandelwal as the chief customer officer and chairman of its India advisory board to enhance its presence in India. Based in Bengaluru, Khandelwal will focus on collaborations with enterprises and GCCs to drive AI innovation. Celonis is expanding operations due to the growing AI adoption in India and recently launched an AI-focused innovation hub while appointing Kaushik Mitra to bolster regional growth.
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