GCC

Deutsche Börse will open a Global Capability Center in Hyderabad as Telangana courts multinationals with a 120 GCCs push, a day after Vanguard launched its India tech hub.

The hub will focus on cloud modernization, data and analytics, artificial intelligence, machine learning and cybersecurity, with plans to employ more than 2,300 professionals by 2029 and roughly 300 by 2025 end.

The all-cash deal, with potential earnouts of up to $120 million, combines proven GCC expertise with Hexaware’s AI and platform-led delivery model

India has a huge opportunity to be a global leader in AI, and creating AI fluency at scale is a critical step in that journey, the Nasscom president said in an interview