Brigade Group to expand its presence in Chennai

23 Feb 2024 CW Team

The report highlights Bengaluru's and Hyderabad's appeal due to several factors, including their robust infrastructure, skilled workforce, favorable business environment, and supportive government policies. These cities have become hotspots for companies across various industries looking to leverage the talent pool and cost-effectiveness offered by these regions.

Capability centers, also known as shared service centers or global in-house centers, play a crucial role in companies' operations, providing a range of services such as IT support, finance and accounting, human resources, research and development, and customer service. With the increasing globalization of businesses, the demand for such centers has been on the rise, driving the growth of cities like Bengaluru and Hyderabad.

The report further predicts sustained growth in demand for capability centers in these cities, fueled by factors such as the continued expansion of multinational corporations into India, the rise of digital transformation initiatives, and the increasing focus on cost optimization and operational efficiency.

Bengaluru, often referred to as India's Silicon Valley, has long been a preferred destination for technology companies, while Hyderabad has gained prominence as a hub for IT and pharmaceutical industries. Their ability to attract and retain top talent, coupled with supportive infrastructure and conducive business environment, positions them as frontrunners in the global market for capability centers. As businesses continue to seek opportunities for growth and efficiency, Bengaluru and Hyderabad are poised to maintain their dominance in this critical sector.

According to a report by Colliers, Bengaluru and Hyderabad have emerged as dominant players in the global market for capability centers, accounting for a staggering 60% of the total demand. These cities in India have witnessed a significant surge in demand for such centers, indicating their growing importance as strategic locations for businesses seeking to establish or expand their operations. The report highlights Bengaluru's and Hyderabad's appeal due to several factors, including their robust infrastructure, skilled workforce, favorable business environment, and supportive government policies. These cities have become hotspots for companies across various industries looking to leverage the talent pool and cost-effectiveness offered by these regions. Capability centers, also known as shared service centers or global in-house centers, play a crucial role in companies' operations, providing a range of services such as IT support, finance and accounting, human resources, research and development, and customer service. With the increasing globalization of businesses, the demand for such centers has been on the rise, driving the growth of cities like Bengaluru and Hyderabad. The report further predicts sustained growth in demand for capability centers in these cities, fueled by factors such as the continued expansion of multinational corporations into India, the rise of digital transformation initiatives, and the increasing focus on cost optimization and operational efficiency. Bengaluru, often referred to as India's Silicon Valley, has long been a preferred destination for technology companies, while Hyderabad has gained prominence as a hub for IT and pharmaceutical industries. Their ability to attract and retain top talent, coupled with supportive infrastructure and conducive business environment, positions them as frontrunners in the global market for capability centers. As businesses continue to seek opportunities for growth and efficiency, Bengaluru and Hyderabad are poised to maintain their dominance in this critical sector.

Infrastructure Urban

03 Apr 2026

Centre Disburses Over Rs 24,610 mn in XV Finance Commission Grants

The Union Government has released XV Finance Commission tied grants during the financial year 2025–26 to rural local bodies in Chhattisgarh, Gujarat, Madhya Pradesh, Punjab and Sikkim and has released withheld portions of tied and untied grants to Himachal Pradesh, Odisha and Tripura. The total disbursal exceeded Rs 24,610 mn, with figures expressed in million (mn) thereafter. The releases cover allocations pertaining to different financial years and aim to strengthen rural local governance. State-wise disbursements included Rs 3,324.6 mn for Punjab, Rs 9,432.7 mn for Madhya Pradesh, Rs 3,47..

Infrastructure Urban

03 Apr 2026

Centre Releases Over Rs 15 bn as XV FC Grants to Rural Bodies

The Union Government has released over Rs 15 bn in grants recommended by the Fifteenth Finance Commission (XV FC) to strengthen Panchayati Raj Institutions (PRIs) and Rural Local Bodies (RLBs) in six states. The funds comprise tied and untied grants disbursed in FY 2025–26. Telangana received Rs 2.48 bn as the first instalment of untied grants for FY 2025–26, benefitting 12600 Gram Panchayats (GPs). Uttarakhand received Rs 913.1 mn as the second instalment and an additional Rs 18.4 mn of a withheld first instalment was released to a further 216 GPs. Mizoram is included among beneficiary st..

Infrastructure Energy

03 Apr 2026

Government Assures Fuel Supplies And Seafarer Safety Amid West Asia Developments

The Government of India has stepped up coordinated measures to maintain stability in critical sectors as developments in West Asia continue to unfold. It has prioritised uninterrupted energy supplies, safeguarded maritime operations and extended consular assistance to nationals. Central authorities are working with State and Union territory administrations to ensure timely information dissemination and operational continuity. Refineries are reported to be operating at high capacity with adequate inventories of petrol and diesel, and domestic LPG production has been increased to support consump..