Latest news with #Capability
Time of India
13 hours ago
- Automotive
- Time of India
Accenture and IIT Madras' CAAR introduce skilling programme for SDVs
Accenture and the Centre of Excellence in Advanced Automotive Research (CAAR), established by IIT Madras , have announced a strategic collaboration to deliver specialised skilling programmes for the automotive sector through Accenture's LearnVantage Software-Defined Vehicle (SDV) Academy. The initiative is designed to equip automotive OEMs and Global Capability Centers (GCCs) with a skilled workforce capable of developing next-generation software-defined vehicles. These vehicles, integrating cutting-edge technologies like advanced driver assistance systems, connectivity, infotainment, and electric/electronic architectures, are reshaping the global automotive landscape. 'With the industry moving toward software-defined vehicles, the need for digital-native talent in AI, machine learning, cybersecurity, and safety systems has never been greater,' said Kishore Durg, Global Lead, Accenture LearnVantage. Academia-industry model CAAR aims to bridge the gap between academic research and commercial applications in the automotive sector. Commenting on the collaboration, Prof. Krishnan Balasubramanian, Professor-in-Charge at CAAR, said, 'This partnership is a unique academia-industry model to upskill the next-generation workforce in SDVs.' Targeting automotive technology professionals, the programme offers a blend of self-paced and IIT Madras instructor-led training. The curriculum includes modules on embedded systems, automotive safety, cybersecurity, cloud virtualisation, edge computing, and industry standards such as AUTOSAR and ASPICE. The courses are delivered in an interactive, hands-on format with expert coaching. Thiruppathy Srinivasan, CEO, CAAR, added, 'The evolution of automotive technologies demands a skilled talent pool. Our joint initiative with Accenture LearnVantage offers a synergistic platform to meet this urgent industry need.'
Time of India
4 days ago
- Business
- Time of India
Infosys AGM 2025: Nilekani flags global uncertainty; AI and energy shift central to firm's strategy
File photo: Infosys chairman Nandan Nilekani (Picture credit: PTI) Infosys chairman Nandan Nilekani warned that the convergence of global tariff conflicts, AI disruption, and the energy transition is creating a "perfect storm" for businesses, urging companies to prioritise innovation and supply chain diversification. Speaking at Infosys' 44th Annual General Meeting, Nilekani said businesses now face the challenge of navigating fragmented global markets amid rising regional trade barriers. 'Clearly, the world is shifting from a single global market to fragmented blocks, forcing companies to make strategic choices and navigate between regions,' he told shareholders virtually, as cited by ET. Nilekani highlighted that bilateral and regional trade pacts have become dominant, necessitating urgent derisking strategies. He also said the accelerating energy transition, driven by innovations in solar, wind, hydrogen, batteries, and nuclear, has added 'another layer of uncertainty,' particularly with the increased role of electricity requiring massive investments in grid infrastructure. Addressing the impact of AI, Nilekani stated that companies must embrace foundational changes to their digital architecture to stay competitive. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo 'Legacy system modernisation and data architecture overhauls... are becoming increasingly unavoidable,' he said. He underscored the need for firms to develop both 'AI foundries for innovation and AI factories for scaling.' Infosys, positioning itself as an AI-native company, has trained over 275,000 of its 320,000 employees in AI. CEO Salil Parekh, whose reappointment until March 2027 was approved by shareholders, revealed that Infosys is currently working on 400 generative AI projects. 'Using AI technologies, we have generated 10 million lines of code… and built 200 agents internally,' he said, as per ET. Infosys is also involved in 30 AI agent-based client engagements and is actively expanding into tier-2 and 3 cities like Gandhinagar, Hubli, Coimbatore, Vizag, and Guwahati to tap regional talent pools. Responding to shareholder concerns, Nilekani clarified that the new wave of Global Capability Centres (GCCs) in India is driven not by cost benefits but by innovation needs. 'GCC is no longer our competitor. They're critical clients for us on AI,' he said, affirming Infosys' strategic alignment with global R&D efforts. On the financial front, Nilekani assured that Infosys remains committed to returning 85% of its free cash flow to shareholders during FY25–29, addressing repeated shareholder queries on buybacks and bonuses. 'Infosys offers the stability that organisations need to survive and thrive,' Nilekani concluded, reiterating that the company remains deeply relevant to clients amid sweeping industry transformations. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Gazette
5 days ago
- Business
- India Gazette
India will continue to be a premier destination for setting up GCCs; govt needs to ramp up infrastructure investment: PwC Report
New Delhi [India], June 26 (ANI): India will continue to be a top choice for setting up Global Capability Centres (GCCs), according to a new report by PwC. The report mentioned that the global companies are showing a strong commitment to keeping their operations in India, with less than 25 per cent of business leaders surveyed considering moving their GCCs out of the country. Instead, they are focusing on expanding and upgrading these centres to become global sourcing hubs for IT and business processes, especially by using artificial intelligence and digital technologies. The report stated, 'India will continue to be a premier destination for setting up GCCs, with global companies committed to maintaining their presence in the country'. As per the data, India is expected to see the addition of over 150 new GCCs in the coming years. To support this growth, national and state governments must increase investment in infrastructure. This will help strengthen the overall GCC landscape in the country and make it more competitive. The report added, 'The national and state governments therefore need to intensify investments in infrastructural development to bolster the Indian GCC landscape'. It also highlighted that leaders from both headquarters and Indian GCCs, across product and service-based companies, have shared suggestions with the government on how to make India a more attractive destination for these centres. These suggestions include steps to improve ease of doing business, technology infrastructure, and regulatory support. GCCs in India have grown over the years from being cost-saving units to becoming innovation-focused and multifunctional centres of excellence. Today, they are playing a central role in their headquarters' global growth strategies. The report described them as 'cost-conscious innovators' that are now key to India's transformation into a global digital powerhouse. The report also pointed out that by implementing the recommended steps, the value generated by Indian GCCs could increase significantly. Currently, GCCs are expected to deliver a value growth of 11-12 per cent during FY25 to FY29. With proper actions, this could rise to 14-15 per cent, resulting in a weighted average compound annual growth rate (CAGR) boost of 3-4 per cent. The report showed a positive outlook for India's role in the global GCC ecosystem and stresses the importance of government support to maintain this momentum. (ANI)
News18
7 days ago
- Business
- News18
India Leads APAC In Commercial Realty Sentiment On Robust Office Demand: Report
Last Updated: India has emerged as the most resilient commercial real estate market in the Asia-Pacific (APAC) region India has emerged as the most resilient commercial real estate market in the Asia-Pacific (APAC) region, showing sustained momentum across the office, retail, and industrial & logistics sectors, even as sentiment weakens in traditionally strong markets like Greater China and Australia, according to CBRE's latest Asia Pacific Market Sentiment Survey. The report highlights that India's office market is currently witnessing the highest sentiment levels across the region, driven by rising occupier confidence, strong demand from technology and financial services, and continued investments by Global Capability Centres (GCCs). The Office Market Sentiment Index for India surpassed the 70% threshold between September 2024 and June 2025, the highest among all regional markets. This momentum is supported by stable rental growth and robust leasing activity across major metros. According to CBRE's India Office Figures report for Q1 2025, gross office leasing grew by 5% year-on-year, reaching 18 million square feet across nine cities during January to March 2025. Key markets like Bengaluru, Hyderabad, Delhi-NCR, and Mumbai remained dominant, while select Tier-2 cities also recorded increased leasing activity. Although renewals continue to be the primary driver of demand, expansion-led leasing—especially from IT firms and GCCs—remains strong in India and Japan, in contrast to the slowing demand seen in Korea and Singapore. India's retail sector also demonstrated resilience despite a modest decline in leasing volumes. Retailers remain optimistic and are actively expanding in high-footfall, high-yield locations across major metros. This is in sharp contrast to several other APAC markets, where cautious expansion and store consolidations are becoming more common. In India, there are still no signs of widespread store closures, underscoring the confidence in long-term retail growth. Crucially, India is the only APAC market where sentiment across all three core sectors—office, retail, and industrial & logistics—remains above the neutral 50% mark, reflecting the country's broad-based real estate resilience. While enquiry levels are dropping in some regions, India continues to see strong activity from IT, BFSI, and GCC sectors. Anshuman Magazine, Chairman & CEO – India, South-East Asia, Middle East & Africa at CBRE, attributed India's momentum to its diversified occupier base, technology-driven growth, and solid long-term fundamentals. 'India's consistent performance across office, retail, and industrial sectors positions it as a key pillar of stability in the Asia-Pacific real estate landscape. As global occupiers reassess their regional strategies amidst economic uncertainty, India offers a compelling proposition with its resilient demand, expanding infrastructure, and landlord-favourable dynamics," he said. Ada Choi, Head of Research for APAC at CBRE, emphasized that India is on a distinctive growth path, diverging from many peers still adjusting to post-pandemic trends. 'India's commercial markets, particularly offices, show strength in demand and rental stability. This positions the country for continued expansion, especially as global enterprises diversify their APAC portfolios," she noted. The CBRE Asia Pacific Market Sentiment Survey, conducted from May 20 to June 4, 2025, collected 517 responses from CBRE leasing professionals across the region. The findings cement India's position as a standout performer, reinforcing its rising importance as a central hub in the evolving APAC commercial real estate landscape. First Published: June 24, 2025, 11:08 IST
Time of India
23-06-2025
- Business
- Time of India
India emerges as Asia-Pacific's top office real estate market on robust leasing sentiment: Report
India's commercial real estate market demonstrates remarkable resilience across office, retail, and industrial sectors, surpassing other Asia-Pacific markets. Fueled by strong occupier confidence, tech sector demand, and GCC investments, India's office market sentiment leads the region. While other APAC markets face softening, India's diversified economy and expanding infrastructure drive sustained growth and attract global occupiers. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India has emerged as the most resilient commercial real estate market in the Asia-Pacific region, with sustained growth across the office, retail, and industrial & logistics sectors, even as sentiment softens in traditionally strong markets like Greater China and Australia, according to CBRE 's latest Asia Pacific Market Sentiment report highlights that rising occupier confidence, robust demand from technology and financial services, and continued investment by Global Capability Centres (GCCs), India's office market is showing the highest sentiment levels across APAC. The Office Market Sentiment Index for India surged past the 70% threshold between September 2024 and June 2025—marking the highest score among all regional markets. This trend is backed by consistent leasing activity and stable rental growth in key India Office Figures report for Q1 2025 revealed that gross office leasing rose by 5% year-on-year, reaching 18 million square feet across nine cities between January and March 2025. Bengaluru, Hyderabad, Delhi-NCR, and Mumbai continued to dominate office demand, with select Tier 2 cities also seeing a notable uptick in leasing activity. While renewals remain the dominant driver, expansion-led leasing by IT and GCC occupiers remains strong in India and Japan, in contrast to the tapering seen in Korea and retail sector also displayed resilience despite a slight moderation in leasing volumes. According to the CBRE survey, retailers in India remain optimistic and are strategically expanding into high-footfall, high-yield locations within major metros. This is in contrast to other APAC markets, where many retailers are consolidating and adopting cautious expansion strategies. In India, there is still no evidence of widespread store closures, suggesting continued confidence in long-term retail India is the only market across Asia-Pacific where sentiment in all three core sectors—office, retail, and industrial & logistics—remains above the neutral 50% line. This underscores the country's broad-based real estate resilience and growing stature as a strategic business destination. Even as some markets report a drop in enquiry levels, India continues to see healthy activity from sectors such as IT, BFSI, and Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, noted that India's diversified occupier base, tech-driven growth, and long-term fundamentals are key to its sustained momentum. 'India's consistent performance across office, retail, and industrial sectors positions it as a key pillar of stability in the Asia-Pacific real estate landscape,' he said. 'As global occupiers reassess their regional strategies amidst economic uncertainty, India offers a compelling proposition with its resilient demand, expanding infrastructure, and landlord-favourable dynamics.'Ada Choi, Head of Research for APAC at CBRE, added that India is on a distinctive growth path compared to many of its peers still adjusting to post-pandemic trends. 'India's commercial markets, particularly offices, show strength in demand and rental stability. This positions the country for continued expansion, especially as global enterprises diversify their APAC portfolios.'The CBRE Asia Pacific Market Sentiment Survey was conducted between May 20 and June 4, 2025, and captured 517 responses from CBRE leasing professionals across the region. The findings position India as a standout performer and reinforce its growing role as a central hub in the evolving APAC commercial real estate landscape.
