
UK edtech Pearson to raise India headcount by 43% in three years
UK-based Pearson plans to boost its workforce in India by about 43% to 2,000, an executive told Reuters today, months after the education firm named India one of its top three priority markets globally.
"We will invest significantly in India. We have got three very strong locations and we want to grow in all of these different locations," said Vishaal Gupta, president of enterprise learning and skills division and chair of India at Pearson.
Pearson India operates in education and assessment markets, targeting school goers, students aspiring for colleges overseas and corporate professionals.
The company will hire across various functions, including local business operations and global tech, over the next three years, Gupta said, while ruling out the launch of any new office location. It currently has offices in Noida, Bengaluru and Chennai.
Pearson's shares hit a 10-year high in February after the company reported a rise in profit and said deploying AI would help deliver more growth in 2025.
India's ed-tech market, which was valued at $7.5 billion in 2024, is projected to grow more than three-fold to $29 billion by 2030, according to a Grant Thornton report.
In India, Pearson competes with IDP Education and Educational Testing Service in overseas education segment, and with Upgrad and Coursera in the digital-learning market.
Gupta said the company will focus on government, Indian conglomerates and global capability centers, where a shortage of skilled workers poses a challenge amid growing demand for AI upskilling.
Global capability centres, commonly known as GCCs, are local offices set up by large global companies in India to support their global parent in daily operations, finance, R&D and product development functions.
GCCs are projected to contribute 2% to India's GDP by 2030, according to ICICI Securities, up from less than 1% currently.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Irish Daily Mirror
7 hours ago
- Irish Daily Mirror
Irish Government ‘willing to consider helping further' on Casement, Harris says
The Irish Government is 'willing to consider helping further' with the development of Casement Park, deputy premier Simon Harris has said. It comes after a UK Government pledge of £50 million (€58m) for the development of the west Belfast GAA stadium was included in Chancellor Rachel Reeves' spending review. However, that pledge still leaves the project far from its funding target under current plans. Mr Harris said it is up to the Northern Ireland Executive to decide how to proceed but said the Irish Government would be 'very helpful' in getting the stadium built. Plans for a 34,000-capacity stadium at the site have been mired in uncertainty because of a major funding gap. Stormont ministers committed £62.5 million (€73.4) to Casement in 2011, as part of a strategy to revamp it along with football's Windsor Park and the rugby ground at Ravenhill. While the two other Belfast-based projects went ahead, the redevelopment of Casement was delayed for several years because of legal challenges by local residents. The estimated cost spiralled in the interim. Last September the UK Government ended hopes that the west Belfast venue would host Euro 2028 games, when it said it would not bridge a funding gap to deliver the redevelopment in time. As well as the Stormont contribution of £62.5 million (73.4m), the Irish Government has offered €50m (roughly £42 million) and the GAA has pledged to contribute at least £15 million (€17.6m) It has been reported that the cost of the project has fallen to £270 million (€320m) since it was confirmed the ground would not host Euros matches. Under current plans and including the £50 million (€58.7)from Wednesday's announcement along with the other commitments, the funding shortfall stands at roughly £100 million (€117m). Asked on Friday whether the Irish Government would give an increased contribution, Mr Harris said: 'We're certainly willing to consider helping further, but I should say the Irish Government has already made a very significant willingness to contribute in relation to Casement. 'I welcome the fact that the British Government has joined us in that effort this week, as of course has the GAA. 'The Northern Ireland Executive – and I would have made this point to the First and deputy First Minister today – they obviously now need to decide how they wish to pursue and of course, the Irish Government will want to be very helpful in getting this built.' He told RTE's News At One radio programme: 'This is really, really, really important for the provision of sports facilities, and we will continue to engage constructively.' Speaking at the British Irish Council in Northern Ireland, Taoiseach Micheal Martin said Ireland had already made an 'unprecedented contribution' to the project through the Shared Island Fund. He added a 'realistic' framework for the project was needed. 'Now is the time really to try and reach an agreement in terms of how we proceed with the stadium, having a realistic sort of sense of the framework that would govern the construction of the stadium here because it's been idle for far too long, and I think there's an opportunity now to get a stadium built.' Meanwhile, DUP MLA Sammy Wilson accused Northern Ireland Secretary Hilary Benn of 'clear bias' by allocating money to the GAA rather than providing 'equal treatment of all sports'. Mr Wilson added: 'And in doing so, imposing on the Northern Ireland Executive to find a further £100m to £150m on top of what is already allocated to GAA.'

Business Post
16 hours ago
- Business Post
Breaking: US tycoon pours €86 million into Trump crypto project after probe cancelled
An American financier i nvested €86 million ($100 million) in the Trump family's flagship bitcoin project just two months after a probe into his crypto business was dropped by the Trump administration. Chicago-based DRW Investments, the trading firm founded and controlled by Don Wilson, acquired nearly four million shares in Trump Media & Technology Group last month, according to public filings cited by the Financial Times. The purchase formed part of a funding round linked to a planned acquisition of more than $2 billion worth of cryptocurrency. The investment in TMTG, which is behind the Truth Social app and controlled by the US president's family, makes DRW among the biggest financiers of the group's crypto bet. DRW said: 'We are a major institutional player in cryptoassets and have been for over a decade. We engage in a variety of strategies in the crypto ecosystem, and we see the benefit of holding bitcoin on corporate balance sheets. This transaction was viewed purely through that lens.' TMTG did not respond to an FT request for comment, the report states Over the past four decades Wilson has built DRW into one of the world's largest trading firms by headcount. Its rival Jane Street was the largest investor funding TMTG's crypto bet, buying about $375mn in the equity fundraising, according to a regulatory filing.


Irish Times
17 hours ago
- Irish Times
Stocks tumble as Israel's strikes on Iran fuel rush to safe havens
World stock markets tumbled on Friday and oil prices surged as Israel launched military strikes on Iran , sparking a rush into safe havens such as gold and the dollar. An escalation in the Middle East – a major oil-producing region – adds uncertainty to financial markets at a time of heightened pressure on the global economy from US President Donald Trump's trade policies. Dublin The Irish index of shares retreated 1.6 per cent on Friday as the impact of Israel's attack on Iran weighed on stocks. READ MORE Banking stocks were down, with AIB losing 1.5 per cent and Bank of Ireland shedding 1.7 per cent by the end of the day. Permanent TSB gained more than 2 per cent. Heavyweights on the Euronext Dublin were red across the board. Glanbia lost 1.3 per cent while Kerry escaped with a milder decline of just under half a per cent. Insulation specialist Kingspan saw its stock dip to €76.10, a 2.6 per cent decline. Travel and leisure stocks also took a hit, mirroring the impact across the wider global markets as crude oil prices rose. Ryanair fell 2.4 per cent to close the day at €23.28, while Dalata hotel group was almost 1 per cent off the pace. London London's FTSE 100 fell back on Friday after closing at a record high in the previous session as Israel's attacks on Iran ramped up geopolitical tensions, but gains in energy stocks limited declines. The blue-chip FTSE 100 closed down 0.4 per cent, less than 1 per cent away from an intraday record high. British Airways owner ICAG fell 3.7 per cent, EasyJet dropped 2.7 per cent, while Wizz Air was down 5.6 per cent. Global airlines cleared out of airspace in the Middle East, diverting flights. London-listed shares of cruise operator Carnival were down 3.4 per cent. Gains in commodity-linked stocks capped declines in the blue-chip index, with energy shares rising 0.8 per cent, boosted by oil giants Shell and BP. The midcap FTSE 250 slid 1 per cent, recording its steepest single-day fall in more than two months. Gas producer Energean dropped 5.1 per cent after it said it had temporarily suspended the production and activities of its power floating production storage and offloading located off northern Israel. Europe The pan-European STOXX 600 index fell 0.9 per cent, briefly hitting its lowest level in three-weeks. Most STOXX subsectors clocked losses, with auto stocks leading declines, down 2.2 per cent. Travel and leisure also dropped 2 per cent – with airline operators ICAG and Lufthansa among the biggest laggards. Energy stocks advanced as crude oil prices jumped close to 6 per cent on worries about a disruption in Middle East oil supplies. Shipping group Maersk advanced 4.2 per cent as analysts flagged upside risks to freight rates amid the supply disruptions. New York Oil prices surged nearly 7 per cent on fears the conflict could disrupt crude supply from the Middle East. US energy stocks rose in tandem, with Exxon up 1.7 per cent and Diamondback Energy rising 3.2 per cent. Delta Air Lines was down 2.1 per cent, United Airlines fell 2.6 per cent and American Airlines declined 3.2 per cent. Defence stocks climbed, with Lockheed Martin up 3.4 per cent, RTX Corporation gaining 3.3 per cent and Northrop Grumman rising 3.5 per cent. 'I think the market understands that this is a continuation of the war between Iran and Israel ... I don't think the market expects it to escalate too dramatically from here,' said Jed Ellerbroek, portfolio manager at Argent Capital Management. At midday, the Dow Jones Industrial Average fell 453.51 points, or 1.06 per cent, to 42,514.11, the S&P 500 lost 32.29 points, or 0.53 per cent, to 6,012.97, and the Nasdaq Composite dropped 127.05 points, or 0.65 per cent, to 19,535.43. – Additional reporting: Reuters