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Workday Deepens India Commitment with New Local Data Center and Expanded Team

MUMBAI, India – July 3, 2025 – Workday, Inc. (NYSE: WDAY), the AI platform for managing people, money, and agents, today announced a strategic expansion of its operations in India. Building on an already established customer base, Workday is deepening its commitment to the region through several key initiatives. These include the availability of a local data center, an expansion of its local sales operations team, and a strengthening of its partner ecosystem. This further solidifies India’s crucial role in Workday’s global strategy. These investments will enhance Workday’s ability to serve both its global customers with operations in India and the increasing number of local organisations seeking to modernize their business operations.

A cornerstone of Workday’s deepened commitment is that it will begin offering services from a data center located in India for the first time, with operations expected to begin in the first half of 2026. As a result, Workday customers in India will have the option to deploy Workday Human Capital Management (HCM), Workday Financial Management and Workday Adaptive Planning on Amazon Web Services (AWS) located in India. This domestic hosting will provide highly available services while preserving the security, scalability, and performance inherent in the Workday platform. Importantly, it will also enable customers to incrementally adopt services that adhere to data sovereignty regulations specific to the Indian market, providing critical assurance and compliance for businesses operating within India’s evolving regulatory landscape.

“India plays a crucial role in Workday’s global strategy, and these strategic investments, coupled with the upcoming appointment of a dedicated Country Leader, signify our deepening commitment to the region,” said Simon Tate, President of Asia Pacific at Workday. “Deploying Workday on a local AWS data center will provide critical data residency capabilities for our Indian customers, while our expanded sales presence will allow us to better serve the growing market. We are building on our strong foundation in India to accelerate adoption and foster deeper relationships.”

Empowering India’s Growth and Transformation

Workday’s leading cloud-native platform with AI at its core, is ideally positioned to support the dynamic growth and digital transformation initiatives of Indian organizations. Empowering 1,800 global customers with approximately 3.8M monthly* active users on Workday in India, valuable insights have been gained into the specific challenges and opportunities within the local business landscape. This deep understanding, coupled with the platform’s AI-embedded, extensible design, uniquely equips Workday to help meet the evolving needs of Indian enterprises as they navigate the changing expectations of an increasingly global-aware workforce, focus on employee engagement, and shift towards skills-driven talent management.

Workday’s significant and rapidly expanding presence in India includes a strong foundation of almost 700 talented employees, with business operations, technology, and services support teams in Pune and Mumbai. Workday recently deepened its commitment to the region by announcing plans to establish a new Global Capability Center (GCC) in Chennai, which will serve as a vital hub for product and technology development, supporting Workday’s global operations and driving innovation in next-generation AI.

Workday’s operations in India are significantly supported by its established ecosystem of partners, including Accenture, Deloitte, EZE Cloud, IBM, KPMG, PwC, Ramco, and Strada. These collaborations are critical to extending Workday’s reach, delivering exceptional value to customers, and supporting successful implementations across the country. This robust partner network helps ensure that Indian organizations receive comprehensive support, from initial deployment to ongoing optimization, maximizing their investment in Workday.

Manish Dubey, Senior Vice President, Global Head of Enterprise Technology at Sagility said: “Workday has played an important role in helping us transform our global HR and Finance operations. It has provided us with the agility and insights needed for our extensive Indian operations – where we have our largest resource pool – to thrive in the fast-paced global environment. We are excited about Workday’s deepened commitment to the region, which further reinforces our trust and confidence in their platform.”

*Based on February 2025 data.

End-user Homebuyers Back in The Driver’s Seat

– by Akash Pharande, Managing Director – Pharande Spaces

Recent headlines from leading real estate consultancies, as well as commentary from self-styled experts, seem to indicate that Indian housing sales are slowing down alarmingly. They mention double-digit drops in sales volumes in all the major cities. Not surprisingly, though perhaps not intentionally, these agencies and agents have caused concern among hopeful homebuyers – is the market in bad shape? Is now not a good time to buy a home?

Let’s take a closer look at the data and market dynamics behind it and see if these fears are justified or misplaced for genuine end-users.

What the Headlines Say

– A recent report by one real estate consultancy states that there has been a 20% drop in housing sales across the country’s top seven metropolitan cities in Q2 2025 when compared to the same period last year. The Mumbai Metropolitan Region (MMR) saw a 25% decline.
– Another real estate agency estimates that there was a 23% annual sales decline in Q1 2025 across nine major cities and says that this drop is because of high prices and worries about India’s economic growth.
– Yet another agency found a 19% year-on-year decline in housing sales in Q1 2025, and that there was also a 10% decline in new launches.
– The consensus, if there is one at all, seems to be that premium and luxury housing has been most affected and that unsold stock in these segments is now high and may increase further.

While most of these agencies don’t say so, the impression these figures seem to signal is that the Indian housing market is now entering a downturn phase. Others seem to imply that perhaps, aspiring homebuyers should hold put off purchases for now.

What the Data Really Means

1. This is a correction, not a crash

– We should remember that the recent slowdown comes on the heels of three years of record-breaking sales and supply infusions after the Covid-19 pandemic. These levels were in any case not sustainable, and everybody knew it.
– The current decline is the kind of market correction which always follows a massive boom. It is not a sign of systemic weakness.

2. Investors are withdrawing, not end-users

– A major part of the current drop in sales is in the premium and luxury segments, which are heavily investor-driven segments. Very simply, speculative buying has caused prices to go too high in these segments and in some areas.
– One of the real estate consultancies referred to above clearly mentions that investors make up less than 10% of housing buyers now, and that the market is primarily served by end-users — people who buy homes to live in them, not rent out or to flip for quick profits.
– The pain that these experts infer is clearly in the premium and luxury segments while it is the affordable and mid-segment housing segments that most Indian end-users focus on. In these segments, there is less supply now because most big developers started focusing on the higher-margin categories – but demand and therefore sales in them remains robust

3. End-users now enjoy much better affordability

– Home loan interest rates are on the decline – the RBI has cut the repo rate by 100 basis points this year to date, so EMIs have become much more manageable.
– There are still Government schemes such as PMAY and various state-level incentives for first-time and affordable housing buyers in any part of the country.
– In most major cities, the affordability of housing has improved to its best levels since the Covid-19 pandemic.

For example, Pune and Pimpri-Chinchwad (PCMC) housing affordability has improved significantly with Pune’s affordability ratio now at 22% – making it the 2nd-most affordable major Indian city after Ahmedabad. PCMC has seen an 80% rise in housing sales and a 155% increase in property values since 2020, and it remains very affordable.

In Ahmedabad, homebuyers now have to spend only 18% of their annual household income on EMIs, which is very much under the 40% affordability threshold.

Even Mumbai, notoriously the least affordable city of India, has seen its affordability ratio drop below 50% for the very first time.

Why Genuine Homebuyers Should Ignore the Headlines

1. End-users buy homes to live in them, not to turn profits

– Most homebuyers in India buy homes to live in them, not as speculative assets. The security, stability, and long-term wealth creation potential of ownership housing remains intact, regardless of what the short-term sales trends are.
– End-users are not concerned with the volatility that upsets investors – who are far more concerned about price cycles and liquidity issues.

2. End-users benefit from the current market conditions

– Many builders are now offering attractive deals, including discounts, flexible payment plans, and various add-ons, to attract end-users.
– Rental values are rising constantly in most major Indian cities, often making owning a home a lot more financially viable than continuing to live in rented homes – especially given the current interest rates and tax benefits.

3. India’s long-term fundamentals remain strong

– Our GDP growth is still very robust, and household incomes are going up. This strongly supports long-term housing demand.
– The real estate sector is growing at a CAGR of over 24%, and housing remains – by far – the most incentivized asset class in India. No other asset class offers comparable tax breaks and other financial benefits.
– Homeownership remains the most aspirational goal for most Indians, and India’s rapid urbanization, the constant increase in nuclear families, and ever-rising migration into our cities will always guarantee steady end-user demand for housing.

Buying a Home Makes More Sense Than Ever

No doubt, the market slowdown that these consultancies and experts report is real. But its implications need to be understood better. We are looking at data which shows that speculative activity, especially in the luxury segments, is cooling off after an unsustainable boom. This is not a collapse in end-user demand, or a crisis in the system. For genuine homebuyers, the fundamentals remain as strong as ever.

In fact, end-users are now firmly in control of the housing market and face far less competition from investors. They have more bargaining power than ever before. For those who are looking to buy a home to live in, the current market environment is, in many ways, more favourable than ever. Let the headlines spook investors – for end-users, this is the right time to make the most important investment of their lifetimes.

Tata Asset Management Launches AI-powered WhatsApp Bot to Simplify Investing

Mumbai | July 03, 2025: As part of our ongoing commitment to redefine how India invests, Tata Asset Management (Tata AMC), one of India’s most trusted investment partners, announces the launch of AI-powered WhatsApp bot, ‘Mr. Simple.’ Designed to offer investors a seamless, intuitive, and always-accessible experience, this launch marks another milestone in our digital transformation journey.

Earlier this month, the brand introduced a first-of-its-kind mobile app that provides users with a comprehensive view of their financial world – ‘One App. One View. Infinite Opportunities.’ The app sets the tone for Tata AMC’s integrated digital ecosystem, and the WhatsApp bot builds on that potential, simplifying investing at every touchpoint.

With ‘Mr. Simple’, the AMC is bringing investing even closer to its users, offering them the ability to start an SIP, make lump sum investments, redeem units, or check NAVs, all through a simple WhatsApp conversation. The bot also supports key service requests such as updating bank details or downloading statements, without requiring users to log into separate platforms or navigate complex interfaces.

This initiative reflects the vision to make investing not only smarter and more inclusive but also as effortless as sending a message to a friend.

“At Tata Asset Management, we are focused on removing the friction from investing and replacing it with simplicity, intelligence, and convenience,” said Hemant Kumar, Chief Distribution and Digital Officer, Tata Asset Management. “The recent launch of our mobile app and now our AI-powered WhatsApp bot is a testament to that focus. By leveraging AI and conversational interfaces, we are reshaping how investors discover, decide, and act on their terms, and in real time. It reflects our broader vision of using technology to make investing simpler, smarter, and more inclusive.” 

The bot also features intelligent discovery capabilities, allowing users to explore Tata Mutual Fund’s wide range of offerings through natural language queries, empowering them with personalised responses and real-time assistance.

Through initiatives like these, Tata Asset Management remains committed to building a future-ready digital ecosystem that caters to the evolving needs of today’s investors.

ITC Gardenia Brings in a Treat for All Burger Lovers

Get ready to give in to your cravings as ITC Gardenia, Bengaluru presents a menu featuring a range of smash burgers. Indulge in the popular signature burgers in a fun setting at the food truck placed at the main porch or order your favourite pick at the restaurant.

Choose from creations like The Double Trouble Smash, The Shepard Stack, and The Bourbon Hog stacked high with melting cheese, crisp lettuce, and perfectly toasted buns. Each bite bursts with juicy patties hot off the grill, smoky notes, and sauces that add just the right kick. Crafted with care and flair, these burgers promise a hearty escape from the everyday.

Paired with the elegant yet relaxed ambience of ITC Gardenia, this becomes more than just a meal — it’s an indulgent escape from the everyday. Whether you come for a leisurely lunch, a casual evening out, or simply to treat yourself, every visit offers the perfect blend of comfort, flavour, and signature hospitality.

Ampere Nexus Now Comes with Industry-Leading 5-Year Battery Warranty and Attractive Financing Options

Ampere, the 2W brand from Greaves Electric Mobility, announces a major update to its flagship electric scooter – Ampere Nexus. Lauded as India’s first high-performance family electric scooter, the Nexus has earned top honours, including the India Design Mark and Best Electric Scooter Award.

Equipped with the safest Lithium Ferro Phosphate (LFP) battery, the Nexus delivers a real-world range of 100–110 km, a top speed of 93 kmph, and features best-in-class suspension, aerodynamics, and an industry-fastest charging time of just 3 hours 22 minutes. It also made history by becoming the first electric scooter to complete a 10,000+ km Kashmir to Kanyakumari ride, setting four national records.

In a move to further strengthen consumer trust, Ampere now offers a 5-year / 75,000 km battery warranty (whichever is earlier) across Nexus variants—an industry-leading assurance. Alongside, Ampere has rolled out an affordable financing scheme with lowest down payment and interest rates starting at just 6.99%.

Starting at an ex-showroom price of ₹1,14,900, the Ampere Nexus now delivers unmatched value, performance, and peace of mind—making it the most compelling choice in the EV segment today and offering a Complete EV Experience to the evolved Indian audience.