financetom
Business
financetom
/
Business
/
BlackRock plans to hire 1,200 people in India ramp-up, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
BlackRock plans to hire 1,200 people in India ramp-up, Bloomberg News reports
Feb 4, 2025 9:03 PM

Feb 4 (Reuters) - Blackrock ( BLK ) plans to hire nearly

1,200 people to expand its two support hubs in India, Bloomberg

News reported on Tuesday, citing people familiar with the

matter.

The world's largest asset manager wants to build out its

artificial intelligence capabilities in India with the

expansion, the report added.

The iHubs, as the centers are known, are in the country's

financial hub Mumbai and Gurugram, which is near the national

capital New Delhi.

The new hires will increase total headcount to roughly 3,500

in the two cities, and include more engineers and data experts,

according to the report.

Blackrock ( BLK ) is also inheriting a so-called global capabilities

center in India's IT hub Bengaluru, through its proposed deal to

acquire data provider Preqin, Bloomberg reported. That center

will have roughly 1,500 staff members.

Blackrock ( BLK ) did not immediately respond to a Reuters request

for comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tesla, shareholder clash over $7-billion legal fee request in Musk pay case
Tesla, shareholder clash over $7-billion legal fee request in Musk pay case
Jul 8, 2024
WILMINGTON, Delaware, July 8 (Reuters) - Legal teams for Tesla and a shareholder clashed in court on Monday over the value of a lawsuit that successfully challenged CEO Elon Musk's enormous pay package and a request for the company to pay a record legal fee worth $7 billion. For more than three hours, two experts offered opposing testimony about the...
--Mesa Laboratories Maintains Quarterly Dividend at $0.16 a Share, Payable Sept. 16 to Holders of Record Aug. 30
--Mesa Laboratories Maintains Quarterly Dividend at $0.16 a Share, Payable Sept. 16 to Holders of Record Aug. 30
Jul 8, 2024
02:09 PM EDT, 07/08/2024 (MT Newswires) -- Price: 96.17, Change: +4.69, Percent Change: +5.12 ...
Ramp Metals Down 36% as it Releases Final Assays and an Additional Gold Target at its Rottenstone SW Project
Ramp Metals Down 36% as it Releases Final Assays and an Additional Gold Target at its Rottenstone SW Project
Jul 8, 2024
02:07 PM EDT, 07/08/2024 (MT Newswires) -- Ramp Metals (RAMP.V) was last seen down 36% after the company on Monday released final drill results and a technical update for its Rottenstone SW gold discovery in Saskatchewan. Among the highlights, the company reported Ranger-01 discovery hole with multiple gold zones, including 73.55 g/t gold and 19.50 g/t silver over 7.5 meters....
Archegos collapse driven by 'lies and manipulation,' US prosecutor says as trial nears end
Archegos collapse driven by 'lies and manipulation,' US prosecutor says as trial nears end
Jul 8, 2024
* Jury hears closing arguments in Manhattan federal court * Prosecutors: Hwang manipulated stock prices, lied to banks (Recasts first paragraph, adds details from closing arguments in paragraphs 5-6 and 12-14) By Jody Godoy NEW YORK, July 8 (Reuters) - The 2021 collapse of Sung Kook Bill Hwang's Archegos Capital Management was driven by lies and manipulation, a federal prosecutor...
Copyright 2023-2026 - www.financetom.com All Rights Reserved