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GCC RESTRUCTURING
Meta layoffs hit India; Local VCs eye Wispr Flow fundingHappy Wednesday! Tech major Meta has quietly axed a dozen India roles as part of its latest global AI-era reset. This and more in today's E...- GCCs switching to smart workflows as AI gobbles up procedural grunt workIndustry experts said AI is shrinking junior-level workflows, reducing standalone procedural functions and pushing multinational companies ...
- Inside India’s biggest banking and financial services tech hubsStandard Chartered plans to cut over 7,000 jobs in four years, replacing human capital with technology, particularly impacting back-office ...
- Smaller teams, fewer replacements guiding GCC 2.0 ops playbookGlobal Capability Centres in India are starting smaller and using AI to boost output. Companies are no longer replacing every departing emp...
- Tata Digital CEO on company's reset; Groww doubles net profit in Q4Happy Tuesday! Tata Digital CEO Sajith Sivanandan spoke to us exclusively about the ongoing restructuring at the company under him. This an...
- As AI moves into core operations, Future of Knowledge Work Summit 2026 draws India’s top decision-makersWith AI shifting from pilots to core business functions, organisations are rethinking how work is structured and delivered. The ET Future o...
- Moving up the value chain proves costly as tech majors and GCCs slash jobsGlobal layoffs are intensifying across large tech firms and global capability centres in India, as companies like Oracle, Cisco, Amazon and...
- The ET Future of Knowledge Work Summit is Bengaluru's most important business conversation this JuneAs AI reshapes how work gets done, leaders must act with clarity, not theory. The ET Future of Knowledge Work Summit brings India’s top dec...
- From California to Bengaluru: How rightshoring is rewriting tech careersWhile US tech firms cut thousands of jobs due to AI-led efficiency, hiring remains strong in India, the Philippines and Brazil, where lower...
- Alvarez & Marsal to scale up India ops, targets mid-market firms and expanding GCCAlvarez & Marsal is expanding in India, targeting fast-growing mid-market firms and scaling its global capability centre (GCC), which now e...
- Aster DM Healthcare sells majority in Gulf business to Alpha for $1.01 billionOut of the total consideration, $903 million is payable at closing of the deal and up to $98.8 million may be received subsequently, subjec...
- Buy Aster DM Healthcare, target price Rs 278: HDFC SecuritiesAster DM Healthcare Ltd., incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 12485.33 Crore) operating in Hospi...
- Would shift in focus to India biz spell better times for Aster DM's financials?As of June 30, 2022, the company has 14 hospital units, 110 clinics and 245 pharmacies in the GCC region and 15 hospitals, 11 clinics and 1...
- Post solid Q4 show, Street sees up to 60% upside in this healthcare stock. Time to buy?Domestic brokerage Elara Capital has a Buy rating on the counter with a target price of Rs 285, a 60% upside from Wednesday's close. ICICI ...
- Buy Aster DM Healthcare, target price Rs 230: Kotak Institutional EquitiesAster DM Healthcare key Products/Revenue Segments include Hospital Services, Other Operating Revenue, Pharmaceuticals, Other Services, Cons...
- ByteDance is restructuring TikTok India team, transfers country headThe restructuring is in line with the impending TikTok Global IPO in October, wherein retained employees of TikTok India will look to redee...
- New law to regulate foreign labour in Gulf countriesThe new law being mulled by the GCC would include returning 'marginal' and unskilled foreign workers to their home countries.
- Eurozone crisis will affect Gulf countriesA worsening Eurozone debt crisis will affect the GCC countries as European banks will shrink their capital and be less effective in the res...
- Gulf banks stronger than Western counterparts: Report'Banks in the GCC have been resilient in the face of recent global financial shocks and benefit from strong government support.'
- GDP of Gulf oil producers to exceed $1 trillion in 2011: ReportCombined nominal GDP of Gulf oil producers will jump to record levels of over $1.1 trillion in 2011 as a result of higher international cru...
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