Sunday, Feb 9 2025 | Time 16:12 Hrs(IST)
image
Business Economy


Swiss banking giant, UBS to expand its GCC operations in Hyderabad

Hyderabad, Jan 25 (UNI) UBS, the largest Swiss banker to expand its Global Capability Center (GCC) in Hyderabad.
This announcement was made by Harald Egger, Head Group Real Estate and Supply Chain and Chairman of UBS India following a meeting with Telangana IT and Industries Minister Duddilla Sridhar Babu on the margins of the TEPA Investment Event organised by Confederation Suisse and Switzerland Innovation at the Zurich Innovation Park on Friday.
UBS will be expanding its presence with the addition of 1,800 more employees in the next 2years, the company said in a release.
The expansion will primarily focus on strengthening UBS’s finance and operations functions, capitalizing on the high-quality talent available in the region.
The announcement aligns with the state’s vision of fostering long-term economic growth while positioning Telangana as a global leader in IT and business services.
Hyderabad is home to 11 percent of GCCs in India, a testament to the city’s unparalleled growth in the sector.
The expansion by UBS underscores the immense potential Hyderabad offers, fuelled
by a robust talent pool, a thriving innovation ecosystem, and proactive government policies.
The Minister said, “As we continue to grow Hyderabad as the country’s foremost hub for Global Capability Centers (GCCs), we are redefining what it means to be an investment-friendly, technology-driven, and future-ready state. Telangana’s IT exports have surpassed $30 billion, and we continue to witness the growth of GCCs in Hyderabad, creating new avenues for employment and driving our digital economy. The expansion of UBS’s operations reflects the confidence global businesses place in our infrastructure and talent."
Harald Egger said: "UBS’s decision to double its presence in Hyderabad is mainly driven by the fact that Hyderabad offers the best talent pool, world-class infrastructure, and the innovation ecosystem actively fostered by supportive government policies. We are pleased to deepen our presence in Telangana, where we can continue to leverage these strengths to drive our growth and contribute to the evolving economic landscape of the region."
UNI KNR BD
More News

Amara Raja Energy & Mobilbity Q3FY25 standalone PBT raises 27 pc y-o-y to Rs 422 16 crore

08 Feb 2025 | 9:51 PM

Hyderabad, Feb 8 (UNI) Amara Raja Energy & Mobility Limited (ARE&M), a comprehensive solutions provider in the Energy & Mobility space, on Saturday reported a 27 per cent year-on-year increase in standalone profit before tax (after exceptional items) to Rs 422.16 crores in Q3 of FY25 as against Rs 330.72 crores in the corresponding period last year.

see more..

Priya Living launches in Hyderabad, redefining senior living with connection and purpose

08 Feb 2025 | 7:45 PM

Hyderabad, Feb 8 (UNI) Priya Living, founded by Silicon Valley entrepreneur Arun Paul, has made its debut in India, introducing a transformative vision of aging—one that embraces connection, growth, and joy instead of retreat.

see more..

DTDC enters rapid commerce space; starts 2-4 hour rapid delivery

08 Feb 2025 | 6:17 PM

New Delhi, Feb 8 (UNI) An integrated express logistics firm with domestic and international operations DTDC is making an entry into the rapid commerce space by launching 2–4 hour rapid delivery and same-day delivery services.

see more..
Gokaldas Exports net up 65 pc at Rs 50 crore in Q3

Gokaldas Exports net up 65 pc at Rs 50 crore in Q3

08 Feb 2025 | 5:29 PM

New Delhi, Feb 8 (UNI) Gokaldas Exports on Saturday reported 65 percent jump in Profit After Tax (PAT) year-on-year at Rs 50 crore during the third quarter (October-December) of 2024-25, versus Rs 30 crore in the same quarter of last financial year.

see more..
Good coordination between RBI, Govt on issues like growth, inflation: Sitharaman

Good coordination between RBI, Govt on issues like growth, inflation: Sitharaman

08 Feb 2025 | 2:31 PM

New Delhi, Feb 8 (UNI) Finance Minister Nirmala Sitharaman on Saturday said there is good coordination between the Government and the Reserve Bank of India (RBI) and no one encroaches on the other’s territory and that is always good for the economy.

see more..
image