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BUSINESS6d agoJ&K ready for GCCs: LG SinhaJammu, Oct 10: Lieutenant Governor Manoj Sinha on Saturday said Jammu and Kashmir was ready for Global Capability Centres (GCCs). Addressing the valedictory session of the J&K Global Capability Centre (GCC) Summit 2026, LG Sinha said that J&K was poised to emerge as a significant destination for Global Capability Centres, driven by its young talent, improving infrastructure, investor-friendly policies, and growing innovation ecosystem. Congratulating IIM Jammu, NASSCOM, partner institutions and the administration for successfully organising the two-day summit, he urged participants to reflect on a key question about why companies seeking their next talent hub, innovation centre, and capacity destination should J&K be their preferred choice and work together with a strong resolve to make it a reality. Drawing inspiration from the world’s highest railway arch bridge over the Chenab River, the LG said that J&K today reflects the confidence and ambition required to pursue transformational goals. He said that the Chenab itself, formed through the confluence of the Chandra and Bhaga rivers, symbolises the spirit of collaboration. LG Sinha said that in a similar manner, GCCs bring together the global expertise, capital and technology of multinational enterprises with the talent, aspirations, and imagination of J&K’s youth to create new opportunities for growth and innovation. “I see Global Capability Centres in the same spirit of courage and confluence and together they can generate a strength far beyond their separate capabilities,” he said. The LG said that India was home to more than 2100 GCCs employing over 19 lakh professionals and contributing substantially to exports. He highlighted that an increasing number of GCCs were expanding beyond metropolitan centres into Tier-II and Tier-III cities, demonstrating that India’s talent pool was now widely distributed across the country. LG Sinha said that this presents both an opportunity and a responsibility for J&K to strengthen its institutions, infrastructure, and innovation ecosystem. Emphasising the future direction of the GCC sector, he said that the journey of GCCs had evolved from questions of cost efficiency to excellence and capability. The LG expressed confidence that J&K could evolve from being a destination for capability centres to becoming a hub for unique global innovations originating from the region. He also highlighted the rapid transformation of J&K under the leadership of Prime Minister Narendra Modi. LG Sinha said the major infrastructure developments and enhanced connectivity were supporting the rising industrial investments and the remarkable growth of the startup ecosystem. “The industrial revolution we are witnessing today in parts of the Jammu division and the Kashmir Valley is a living symbol of the new Jammu Kashmir. In 2020, there were only 69 startups and that number has now risen to 1,305, a growth of over 1800 percent. When the energy of young, ambitious graduates from IIM Jammu, IIT Jammu, NIT Srinagar and other universities of Jammu Kashmir is added to these figures, you see a ready workforce emerging,” he said. The LG identified six key advantages that position J&K as an attractive GCC destination including strong financial support, lower operating costs, special incentives for pioneering multinational investors, the return of local talent, first-mover advantages for early GCC entrants and opportunities in niche sectors such as agri-tech, tourism-tech, and handicraft digitisation. Outlining a four-pillar roadmap for the next five years, he stressed talent development through industry-academia partnerships, building trust through credible implementation, leveraging J&K’s unique destination advantages and promoting inclusive growth through a hub-and-spoke development model. Expressing confidence in J&K's future, LG Sinha said that GCCs could become an integral pillar of J&K’s industrial ecosystem over the next decade. He said that the foundation laid during the summit could help build a new, aspirational, and innovation-driven J&K that was fully prepared to welcome Global Capability Centres from across the world. Atal Dulloo, Chief Secretary, J&K; Padma Bhushan Rajendra Singh Pawar, Chairman, NIIT; Prof B S Sahay, Director IIM Jammu; Kumar Rajeev Ranjan, Secretary, Labour and Employment Department, J&K; Prof Jabir Ali, Dean, Faculty and Research, IIM Jammu; Prof Nitin Upadhyay, Dean Academics, IIM Jammu; and Sandeep Ananthanarayanan, CEO, CITaG, IIM Jammu attended the valedictory session.greaterkashmir · india
BUSINESS6d agoIndian Family Offices Eye Southeast Asia’s StartupsPatient capital, real risk.The Diplomat
BUSINESS6d agoT eyes global rice markets, shifts focus from surplus to value creationTelangana shifts from surplus to value creation, promoting fine and superfine rice at IWRC 2026; seeks long-term export partnerships across Asia, Africa, Middle East.toi · india
BUSINESS6d agoSPDCL asks people to go for rooftop solar systems to save on energy billsSPDCL is encouraging people to install rooftop solar systems as a method to reduce energy bills. This highlights a public utility's initiative to promote renewable energy adoption and cost savings for consumers.The Hindu
BUSINESS6d agoTelangana mulls CoE for MSMEs, grievance day to resolve issuesTelangana is considering establishing a Centre of Excellence for Micro, Small, and Medium Enterprises (MSMEs) and a grievance day to address their issues. This initiative aims to support and resolve problems faced by local businesses.The Hindu
BUSINESSOct 10India projected to remain the fastest-growing large economy at 7.3% in 2026, says UNCTADBy R Anil Kumar Geneva, Switzerland/Bengaluru, Oct 9, 2026. India is projected to remain the world’s fastest-growing large economy in 2026, with an estimated growth rate of 7.3%, even as global economic expansion and international trade lose momentum, according to the United Nations Conference on Trade and Development (UNCTAD). In its Trade and Development Report … The post India projected to remain the fastest-growing large economy at 7.3% in 2026, says UNCTAD appeared first on India Strategic.indiastrategic_in · india
BUSINESSOct 10AKPL launches Suraksha Rath to boost port safety awarenessLaunching the safety vehicle, Adani Krishnapatnam Port Limited CEO says the initiative aims to take safety messages directly through audio and video visuals to the staff and contractorsThe Hindu
BUSINESSOct 10High silver prices threaten Lucknow’s famed bridal nagra craftWar-driven prices for silver are threatening nagra makers in northern India.Al Jazeera [en]
BUSINESSOct 10Review Petition of the CERC (Conduct of Business) Regulations for CSPDCL – EQSummary: — ## Case Details | Parameter | Detail | |———–|——–| | **Petition Type** | Review Petition under Section 94(1)(f) of the Electricity Act, 2003 read with Regulation 103 of CERC (Conduct of Business) Regulations, 1999 and Order XLVII Rule 1 of CPC, 1908 | | **Petitioner** | Chhattisgarh State Power Distribution Co. Ltd. (CSPDCL) […]eqmagpro · india
BUSINESSOct 10India’s central bank tries to shore up rupee as it nears record lowsRise in energy costs due to US-Israel war on Iran has put downward pressure on the currency of the world’s fastest-growing major economyFinancial Times
BUSINESSOct 10New paper urges Keralam to expand own revenue base, treat lottery receipts ‘prudently’Lottery receipts, it said, should be “regarded as a volatile stream to be diversified away from, not as a stable component of own revenue on which expenditure commitments can rest”The Hindu
BUSINESSBREAKINGOct 10ED Arrests Sadhna Group Chairman in ₹168-Crore Money Laundering CaseNEW DELHI, Oct 10: The Enforcement Directorate (ED) has arrested Rakesh Kumar Gupta, chairman of Delhi-based media and broadcast company Sadhna Group, in a money laundering case linked to alleged irregularities in insolvency proceedings, with the agency pegging the suspected proceeds of crime at ₹168 crore, officials said on Saturday. Gupta, 63, was arrested in […] The post ED Arrests Sadhna Group Chairman in ₹168-Crore Money Laundering Case appeared first on Northlines.thenorthlines · india
BUSINESSOct 10GTech to seek Centre’s intervention as U.S. Green Card curbs hit IT giantsThe Ministry of External Affairs has since clarified that the suspension of PERM applications does not, by itself, affect the validity of existing H-1B visas or the status of H-1B visa holders and their dependantsThe Hindu
BUSINESSOct 10BP Plans Bid Under Investment - friendly India Oil & Gas Policy : Meg ONeilleconomictimes.indiatimes.com · India
BUSINESSOct 10RBI rate hikes of 50 bps expected in next two policies , terminal repo rate to reach 6 . 0 %: Kotak reportpakistantelegraph.com · Pakistan
BUSINESSOct 10RBI rate hikes of 50 bps expected in next two policies , terminal repo rate to reach 6 . 0 %: Kotak reporttimesofoman.com · Oman
BUSINESSOct 10BCCL Holds Welfare Committee Meeting; Focus on Employee Welfare and Medical FacilitiesBharat Coking Coal Limited (BCCL) organises Welfare Committee meeting at Koyla Bhawan under CMD Manoj Kumar Agrawal. Discussions focus on medical facilities,…psuconnect_in · india
BUSINESSOct 10Nearly 400 Million Afghanis’ Worth of Emeralds Sold, but Panjshir Miners Face Life-Threatening RisksDespite the sale of nearly 400 million Afghanis’ worth of emeralds since the beginning of this year, miners in Panjshir continue to work with basic tools, facing risks from landslides, avalanches and falling rocks. Al Jazeera reported on Friday, October 9, that approximately 3,000 carats of emeralds were sold to domestic and foreign buyers at […] The post Nearly 400 Million Afghanis’ Worth of Emeralds Sold, but Panjshir Miners Face Life-Threatening Risks appeared first on Hasht-e Subh.media_8am · afghanistan
BUSINESSOct 10Kon Honar Crorepati 2026: Madhuri Dixit Show Premiere DateKon Honar Crorepati 2026: Madhuri Dixit’s Show Gets ChatGPT as Co-Presenting Partner, Premieres October 12 Kon Honar Crorepati is set to return on October 12, 2026, with Madhuri Dixit as host and major brand partnerships, including ChatGPT as the co-presenting partner on Sony LIV. The Marathi quiz show will air on Sony Marathi and stream […] The post Kon Honar Crorepati 2026: Madhuri Dixit Show Premiere Date first appeared on informalnewz.informalnewz · india
BUSINESSOct 10Starlink row: Musk shares reports on Reliance-linked firm's BJP campaign role, political donationsThe latest post comes amid Elon Musk's scathing criticism of Mukesh Ambani over a persistent delay in the launch of Starlink satellite broadband services in IndiaThe Hindu
BUSINESSOct 10Hombale Films to distribute Bengali drama 'Bohurupi: The Golden Daku'In a significant development for the Bengali film industry, Bengaluru-based production house Hombale Films has acquired the global distribution rights of Bohurupi: The Golden Daku.newsbytesapp · india
BUSINESSOct 105 Award-Winning Whisky Brands in India Under Rs 40000: Chivas Regal 25, Royal Salute 21, Scapa 10 to Glenlivet 15 And MoreExplore seven award-winning whisky brands available in India over Rs 5,000, from Chivas Regal 25 and Royal Salute 21 to Bowmore 9 and more, with prices, tasting notes and awards.esquireindia_co_in · india
BUSINESSOct 10India unveils tough curbs on dollar demand to defend rupee - ReutersIndia unveils tough curbs on dollar demand to defend rupee ReutersReuters World
BUSINESSOct 10Elon Musk lashes out at Indian ‘Prime Minister’ Mukesh Ambani in StarlinkElon Musk has accused Indian billionaire Mukesh Ambani of being India’s ‘real boss’ in over delays to Starlink's entry.Al Jazeera [en]
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