Mumbai s GCC hiring in India slowed down in FY24, impacted by global uncertainties. Despite high attrition and talent demand, centers took a cautious approach. Experts attributed the slump to a cautious approach by companies since 2023 amid multiple global headwinds - inflation, geopolitical conflict, supply side challenges and high interest rates. Xpheno data show that with 16-18% average attrition, GCCs in FY24 had a gross talent demand for over 250,000 people.
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Mphasis acquisition talks hit impasse as Carlyle refuses to log in
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Synopsis
Negotiations between Blackstone Group and Carlyle Group for the biggest technology acquisition in India have hit a bump as Mphasis’ share price continues to soar.
Agencies
The valuation mismatch between seller Blackstone and sole bidder Carlyle may force the stake sale process to get scrapped.
Mumbai/Chennai: Negotiations between Blackstone Group and Carlyle for the biggest technology takeover in India have hit a bump as
Mphasis’ share price continues to soar, people involved in the matter said.
Differences in valuations resulted in Carlyle walking away at least temporarily after