India has emerged as the leading destination for Global Capability Centres (GCCs), now home to over 1,800 centers serving more than 1,400 global companies, according to a recent report by JLL India. Since 2022, the country has added more than 100 new GCCs, reinforcing its significance in the global operations of multinational firms. The GCC sector now occupies over 240 million square feet of Grade A office space across the seven largest cities in India. Bengaluru, often referred to as the “Silicon Valley of India,” is at the forefront, accounting for 42% of the total office space used by GCCs.…
Author: Keshav Shah
Prime Minister Narendra Modi is scheduled for a bilateral meeting with Chinese President Xi Jinping in Kazan, Russia, during the upcoming BRICS Summit. The two leaders have not had an official meeting in five years. This interaction comes after India and China reached an agreement to resume regular patrolling along the Line of Actual Control (LAC) in eastern Ladakh, signaling a step towards resolving long-standing tensions. Foreign Secretary Vikram Misri confirmed the scheduled meeting, emphasizing its significance in addressing bilateral concerns between the two nations. Modi last met Xi in October 2019 before the Galwan Valley clash in June 2020,…
Stirista, a premier provider of data-driven marketing solutions, has announced that its CEO and Founder, Ajay Gupta, has received the esteemed Silver Apples of Excellence Award from the Marketing Club of New York (MCNY). This accolade acknowledges Gupta’s significant impact on the marketing sector and his pioneering leadership that has revolutionized traditional marketing and advertising practices. Entering its 40th year, the Silver Apple Awards program recognizes individuals who have made remarkable contributions to marketing, emphasizing innovation, leadership, and lasting influence. Under Gupta’s forward-thinking guidance, Stirista has transformed the utilization of data to create highly targeted, personalized, and effective cross-channel marketing…
Informatica (NYSE: INFA), a frontrunner in enterprise AI-driven cloud data management, has announced the addition of Mitesh Dhruv to its Board of Directors and his new role as Chair of the Audit Committee. With nearly 25 years of experience in the technology sector, Dhruv previously held a significant position at RingCentral, Inc. (NYSE: RNG), a provider of cloud-based communication and collaboration solutions, from 2012 to 2021. As Chief Financial Officer from 2017 to 2021, he played a pivotal role in accelerating the company’s cloud growth and improving its financial metrics. Dhruv’s earlier experience includes working as an equity analyst at…
In its October monthly report, OPEC noted that India’s economic growth eased slightly to 6.7% year-on-year in the second quarter of 2024, down from 7.8% in the first quarter. This deceleration was mainly caused by a reduction in government spending during the election period. The services sector, which has made up an average of 54% of India’s economy since 2021, showed improved growth, accelerating to 7.2% year-on-year in the second quarter, compared to 6.7% in the first quarter. Additionally, the unemployment rate fell to 7.8% in September, down from 8.5% in August. Despite the temporary slowdown, OPEC maintained its projection…
U.S. Representatives John Moolenaar and Raja Krishnamoorthi have called for a closed-door briefing with executives from Verizon, AT&T, and LumenTech following reports of a cyber attack believed to be sponsored by the Chinese Communist Party (CCP). The Select Committee on the Chinese Communist Party shared this request in a post on X, emphasizing the need for the telecom giants to brief the committee on the situation. This initiative comes after an October 5 report from the Wall Street Journal revealed that the cyber attack had breached the networks of multiple U.S. broadband providers, potentially compromising systems related to court-authorized wiretapping…
As the 2024 U.S. presidential race intensifies, many billionaires are discreetly choosing sides, providing significant financial support to either Vice President Kamala Harris or former President Donald Trump. While some, like Elon Musk, are vocal about their endorsements, others, including Warren Buffett and Mark Zuckerberg, have chosen to remain silent, despite speculation surrounding their political leanings. According to Forbes, 76 billionaires are backing Kamala Harris, while 49 have been identified as supporters of Donald Trump. Many more may yet pledge their financial support, but their contributions won’t become public until after the election when final reports from the Federal Election…
Vivek Ramaswamy, the Indian-origin entrepreneur and former Republican presidential candidate who recently withdrew to support Donald Trump, has proposed a controversial solution to the United States’ immigration challenges. In a post on X (formerly Twitter), Ramaswamy stated, “Shut down the entitlement state & you solve most of the immigration problem right there.” He argues that addressing the root cause attracting migrants to the U.S.—the welfare state—requires a candid discussion, which he feels is often avoided due to many native-born Americans being reliant on it themselves. Elon Musk, the owner of X, responded to Ramaswamy’s tweet, affirming the truth in his…
Minita Sanghvi, a well-known advocate for equal rights and a respected community leader, has officially announced her candidacy for the New York State Senate. She is set to challenge the incumbent, Republican Senator Jim Tedisco, who represents the 44th District. Sanghvi has long been involved in local politics, driven by her passion for advocacy and social justice. Her political journey is closely tied to her activism, particularly within the LGBTQ+ community. After coming out in 2002, Sanghvi fought against Arizona Proposition 107, which sought to ban same-sex marriage, and became a board member for both the Human Rights Campaign and…
During the launch event of the Observer Research Foundation’s (ORF) Foreign Policy Survey in the national capital, Union Home Minister Amit Shah emphasized India’s commitment to maintaining global friendships while prioritizing national security. Shah highlighted the historical absence of a clear internal security policy in India until 2014, noting that any existing policies were overshadowed by the nation’s foreign affairs agenda. Under Prime Minister Narendra Modi’s leadership, Shah asserted that India’s foreign policy objectives have become more defined, with an emphasis on safeguarding the nation’s security interests. He reiterated India’s stance of fostering international friendships without compromising the safety of…
