Latest news with #BFSI
Entrepreneur
3 hours ago
- Business
- Entrepreneur
GCC Hiring Grew 8-10% QoQ in Q1FY26 Driven by Skill-First Approach: Quess
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India's global capability centre (GCC) sector marked a steady return to growth in Q1FY26 with hiring volumes increasing by 8-10 per cent quarter-on-quarter after a muted Q4 driven by a skill-first approach, according to Quess Corp's latest report titled 'India's GCC Tech Talent Landscape'. This improvement is not just a rebound, it reflects a more focused and priority-led approach to talent investments. Rather than scaling teams broadly, organizations are now hiring selectively for skills that drive innovation and long-term value. The report offers an in-depth look at how GCCs in India are recalibrating talent strategies to stay ahead in a tech-driven, innovation-led global market. As global enterprises double down on automation, AI, and next-gen infrastructure, India's GCCs are seeing a clear pivot from headcount expansion to capability-centric hiring. In Q1FY26, India's GCC sector saw a strategic hiring shift, with high-growth verticals like BFSI, Manufacturing, Automotive & Energy, and Technology & Hardware driving demand. BFSI and Manufacturing sectors each saw a 2 per cent share increase, reaching 20 per cent and 16 per cent respectively, while Technology & Hardware grew by 1 per cent to touch 13 per cent, fuelled by investments in AI, automation, and digital modernisation. In contrast, traditional sectors like Hospitality, Travel & Logistics, Construction & Engineering, and Healthcare & Pharma witnessed a dip in hiring share. Demand in BFSI was led by functions such as AI-led credit risk, embedded finance, cybersecurity, and digital lending. In Manufacturing and Automotive, hiring was fuelled by initiatives around smart factories, industrial IoT, EV platforms, and predictive maintenance. Similarly, Technology & Hardware showed robust demand for cloud engineering, chip design, and IoT hardware development. In Q1FY26, India's GCCs continued to face significant talent shortages in high-impact digital roles, particularly in AI, data, and platform engineering. AI, Data & Analytics recorded the steepest supply gap at 42 per cent, with critical demand for skills in Generative AI, large language models (LLMs), and machine learning operations (MLOps). Platform Engineering followed closely with a 38 per cent gap, as organizations sought DevOps, Kubernetes, and multi-cloud integration expertise to modernize infrastructure. Cloud and Infrastructure Engineering showed a moderate gap of 25-27 per cent. Cybersecurity and software engineering also faced noticeable pressures, with 15-22 per cent gaps due to increasing needs for Zero Trust architecture, mobile development, and DevOps pipelines. In contrast, traditional domains like ERP, ITSM, and digital operations witnessed stable supply, reflecting a market shift away from legacy IT functions toward next-gen digital capabilities. Tier-II Cities Clock Faster Growth In Q1FY26, tier-I cities like Bengaluru, Hyderabad, and Pune continued to anchor GCC hiring, led by specialization in AI, cloud, and automotive tech respectively. Bengaluru retained the top spot with a 29 per cent share of demand, while Pune (10.6 per cent QoQ) and Chennai (9.4 per cent QoQ) showed faster growth driven by ERP and R&D roles. Meanwhile, tier-II cities such as Coimbatore (58 per cent), Kochi (47 per cent), and Ahmedabad (42 per cent) posted significantly higher growth rates. However, due to limited mid-senior talent availability, nearly 50 per cent of complex roles in these cities are being redirected back to tier-I hubs, indicating a readiness gap despite promising momentum. The recalibrated hiring pattern suggests that tier-1 cities will continue to house high-priority, innovation-led mandates, while tier-II hubs will scale rapidly for cost-sensitive, modular, or support-driven roles Compensation trends across India's GCC ecosystem showed signs of stabilization, with salary growth in premium tech roles moderating to 3-5 per cent quarter-on-quarter. High-scarcity positions such as Zero Trust Security Engineers, AI Observability experts, and FinOps Specialists continued to command top-tier packages, especially in tier-I cities like Bengaluru. Tier-II cities, however, continue to face a talent maturity gap, with limited availability in advanced AI and cybersecurity roles, keeping salaries comparatively lower. Mid-premium roles such as senior SDETs, cloud-native developers, and data engineers also saw steady 3-4 per cent increases, consolidating in the ₹30-38 lakh range. The compensation plateau signals a maturing market that increasingly values functional complexity and digital depth over volume. Kapil Joshi, CEO – IT Staffing, Quess Corp said, "India's GCC landscape is undergoing a structural shift, one that prioritizes capability over sheer scale. Q1FY26 marked a steady return to growth, with hiring volumes rising by 8-10 per cent QoQ after a muted Q4FY25. This growth was driven by hiring in tier-II cities and high-impact sectors like BFSI, Manufacturing, and Tech Hardware. Deep-tech roles like AI, data science, and platform engineering face over 40 per cent talent shortfalls, slowing hiring cycles and limiting team scalability. The sustained demand for niche skills in AI, cloud, cybersecurity, and data engineering reflects a market shift, from just hiring talent to enabling transformation. It's no longer about filling positions, but about building the workforce that powers enterprise innovation and growth."
New Indian Express
6 hours ago
- Business
- New Indian Express
Festive hiring expected to generate 2.16 lakh seasonal jobs in India: Report
MUMBAI: India's festive season is expected to generate over 2.16 lakh seasonal jobs in the second half of 2025, marking a 15-20 per cent year-on-year increase in gig and temporary employment, a report said on Wednesday. The rise in festive hiring is being driven by sectors, including retail, e-commerce, BFSI, logistics, hospitality, travel, and FMCG, workforce solutions firm Adecco India said in the report. Hiring activity has gained momentum in anticipation of upcoming festivals like Raksha Bandhan, Dussehra, Diwali, seasonal sales and the wedding season. Many companies are advancing their hiring cycles to stay ahead of demand and ensure operational readiness for what is expected to be a stronger-than-usual festive period. This year's hiring uptick is being driven by improved consumer sentiment, a favourable monsoon boosting rural demand, post-election economic optimism, and aggressive seasonal promotions, the report stated. This report on hiring in seasonal jobs is based on data of Adecco India's client base, opening positions on various platforms and industry reports. "This year's festive season is seeing a sharper and more structured demand curve, and we have proactively prepared to meet it well in advance. Unlike previous years where hiring was largely volume-driven, employers today are equally focused on deployment speed, workforce readiness, and regional agility," Adecco India Director and Head of General Staffing Deepesh Gupta said. The report further revealed that metro cities such as Delhi NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Kolkata, and Pune continue to lead in seasonal hiring demand, with 19 per cent more opportunities from last year. At the same time, Tier II cities like Lucknow, Jaipur, Coimbatore, Nagpur, Bhubaneswar, Mysuru, and Varanasi are witnessing a 42 per cent increase in demand, it said, adding that there is also a growing traction in emerging hubs such as Kanpur, Kochi, and Vijayawada, indicating a broader geographic spread of festive hiring. Meanwhile, compensation levels are expected to rise by 12-15 per cent in metro markets and by 18-22 per cent in emerging cities, said the report. The report also found 23 per cent rise in women's participation in this year's seasonal hiring wave compared to the previous year, driven by a rising preference for flexible, short-term roles.
Times of Oman
8 hours ago
- Business
- Times of Oman
India: Despite slowdown in consumption, office spaces continued to be major attraction for developers
New Delhi: Despite the slowdown in consumption trends, the office space segment remains a major attraction for real estate developers. The growth of retail consumption has slowed down due to a shift in consumption trends toward travel and high inflation in the mid-segment, according to a report by HDFC Securities. The organised retail continues to maintain high occupancy levels, above 90 per cent in Tier 1 cities, due to stable demand from the fashion, food & beverage, and electronics categories. The shift in consumer spending toward travel and experiences, along with inflation pressures on mid-segment consumers, is contributing to a more cautious outlook in this space, the report added. The first quarter of Financial Year 2026 is shaping up as a strong quarter for India's annuity-focused real estate segment, with office spaces showing marked resilience compared to a cooling retail environment. The sector continues to exhibit robust structural demand during Q1FY26, although Q4FY25 saw a decline due to approval delays and weaker EOI-to-sales conversion headwinds. Events like trade wars and market corrections impacted sentiment. However, Q1FY26 begins on a stronger footing. Gross office leasing is steadily increasing, and vacancy levels are trending downward, driven by robust demand from Global Capability Centres (GCCs), the BFSI sector, and flex-space operators. Prime business districts--especially in Bengaluru, Pune, and Hyderabad--are witnessing annual rental growth of 5-7 per cent, signalling sustained occupier confidence. The tightening vacancy rates in these micro-markets reflect a return of corporate demand and growing acceptance of hybrid office formats. Environmental, Social, and Governance (ESG)-compliant assets are also gaining traction, aligning with occupier preferences for sustainable real estate. Developers with large annuity portfolios are positioned strongly, as they are likely to benefit from a mid-to-long-term consumption revival, despite current headwinds in the retail segment. On the other hand, the residential segment experienced a strong rebound in Q1 FY26, driven by robust sales and resilient demand across mid-premium and luxury categories.
Business Upturn
a day ago
- Business
- Business Upturn
TCS and MIT Sloan launch research series, unveil roadmap for human-AI collaboration in enterprises
By Aditya Bhagchandani Published on July 15, 2025, 18:36 IST Tata Consultancy Services (TCS) and MIT Sloan Management Review (MIT SMR) have announced a collaborative research series exploring the evolving relationship between humans and AI in enterprises. The findings reveal that artificial intelligence (AI) is moving beyond its traditional role as a support tool and emerging as an architect of strategic business decisions. In a year-long, multi-sector study covering industries like manufacturing, retail, BFSI, healthcare, energy, and technology, TCS and MIT SMR examined how generative and predictive AI are transforming decision-making. The research involved leaders from companies like Walmart, Meta, Mastercard, and Pernod Ricard, uncovering how AI-enabled 'Intelligent Choice Architectures' (ICAs) are being used to improve organizational decisions. The study identifies a paradigm shift: AI now helps create better decision environments rather than simply automating tasks. These ICAs support enterprises in making smarter, faster, and more accountable choices by predicting outcomes, suggesting options, and clarifying trade-offs. Some notable examples include: Retail: Walmart and Pernod Ricard use ICAs to personalize customer experiences, identify talent, and refine marketing campaigns. Manufacturing: Companies like Cummins are using generative AI to simulate extreme product design scenarios and optimize supply chains. BFSI: Mastercard and Liberty Mutual leverage ICAs for fraud prevention, compliance, and improved customer care. Healthcare: ICAs assist scientists in drug discovery and diagnostics, cutting discovery times and costs significantly. Telecom: BT uses an AI assistant named 'Aimee' to handle customer interactions, while Meta integrates ICAs to accelerate product decisions. According to Ashok Krish, Head of AI Practice at TCS, 'ICAs shift AI from task automation to building superior decision environments for complex situations, ensuring trackable, traceable outcomes that align with organizational goals.' This initiative builds on TCS's ongoing collaboration with MIT SMR, extending its focus to creating human-centric AI systems that foster transparent, informed, and accountable decision-making. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
a day ago
- Business
- Time of India
Nischal Maheshwari on 2 sectors where we may see rays of hope in market
Nischal Maheshwari , Market Expert, says FMCG and cement sectors are set to experience better volumes. Cement may also see price increases. Banking, Financial Services and Insurance sector growth will be slow. The IT sector is expected to remain weak. The second quarter will likely be uneventful for the IT sector. It is a brand new week. Of course, the markets are waiting for clarity on what happens to the tariff with respect to the India-US deal and along with that the earning season will also be in full throttle this particular week. How are you sensing the markets right now? Which factors are at play because of late, we are seeing a bit of a weakness on the index front? Nischal Maheshwari: Yes, these are the two big factors which are going to play out. There has been some amount of haziness as far as the tariffs are concerned. Most of us were expecting something to come in the last week, but not much news on that front. But I am pretty hopeful given that around more than 15 countries have already received a letter and India is not one of them. So, definitely there is something on the cards and that is a positive for the market. But I am really worried about the earnings in the coming quarter. Most of the analysts and my estimate is also 3-4% growth as far as earnings are concerned. For the full year also, we are looking at around 8-9%. The second half of the year is going to be much better. That is a worry and that is why we are seeing some profit taking happening in the market. Are you seeing any sectors emerging as winners in the trading setup that we have seen over the last week because we have seen sectoral churn. Last week, it was all about FMCG, but that was also on the back of news flow and some heavy lifting done by only a couple of stocks. Where do you believe we could see some rays of hope in the market? Nischal Maheshwari: There are a couple of sectors where we are going to see some volume improvements. FMCG is one of them and this may be the turning point for FMCG as far as volumes are concerned. I am not very sure about whether it is going to be followed up with the pricing also. Definitely volumes are going to be better and going ahead also I continue to believe there is going to be better volume growth as far as FMCG is concerned. Cement is another sector where the volumes were pretty good last quarter and now this quarter again, we are going to see both volumes as well as pricing improvement happening. These are the two sectors where I see some improvement and a positive outlook in the current quarter. BFSI, which is the large sector, is going to remain muted. We have seen credit growth around 9-9.5% and that is not going to be very significant for this quarter as far as BFSI, IT, or energy is concerned. Live Events You Might Also Like: Where to park money and where to create wealth now? Jyotivardhan Jaipuria answers What is your take on the IT pack given the disappointing numbers from TCS. The stock performance on Friday reflected that. How do you believe the IT numbers for the largecap IT names could look like for this earning season? Nischal Maheshwari: It would be something similar to what TCS has done minus 1-2, maybe whatever plus one as far as the largecap companies are concerned. But within the IT space, we have to look for the midcaps. There you might still look at a 10-12% growth. So, mid- teens growth can still happen with some of the midcap companies . But overall, it is going to be under pressure. We have still not seen demand coming back strongly in the US and till this tariff issue gets out of the way. I do not think there is going to be a fresh commitment of any capex across the world. We have to wait for a couple of more quarters or at least for one more quarter before we are going to start seeing some demand coming back. So, the second quarter also is going to be a wash-out for IT. What is your take on the whole chemical pack? BASF earnings show a decline in the top line of 2.1% in their Q2 2025 earnings and not just that, there is a guidance cut as well as the company is saying that the EBITDA before special item is expected between 7.3 billion to 7.7 billion versus the guidance that the company has given earlier. How do you see this impacting the chemical space and some of the Indian players as well? Nischal Maheshwari: As you have said, it is a very large company and they are spread across various subsectors within the chemical industry. It will not be right to say that BASF will put out a margin guidance, then there is a pressure across the whole spectrum. There would be certain parts of the chemical sector, basically the specialty part which continues to do well. In domestic parlance, agrochemicals seem to be on a very good wicket because of a good monsoon that we are seeing right now and the demand remains to be very good. But if I look at the whole chemical sector, two things are coming out very clearly. One is China-led pressure on the pricing front has now more or less diluted because the inventories which were there in China have totally got absorbed in the market in the last two quarters or three quarters. Now that dumping is not there and we have started seeing volumes pick up across most sectors as far as chemicals are concerned. So, these are the two guiding things which I see as positive. Yes, margins in certain sectors may be under pressure because demand has still not come back to the pre-COVID levels, but I see a positive outlook as far as the chemical sector is concerned. You Might Also Like: Betting on 5 platform, QSR and discretionary stocks: Karan Taurani
