BlackRock Expands AI Capabilities in India with 1,200 New Hires

Global asset management giant BlackRock is set to significantly boost its presence in India by hiring 1,200 new employees. The expansion focuses on enhancing artificial intelligence capabilities at its support hubs in Mumbai and Gurugram. This move will increase BlackRock's total workforce in India to approximately 3,500, strengthening its position in the country's financial and technology sectors. The firm is also acquiring a global capabilities center in Bengaluru through its proposed purchase of data provider Preqin, further solidifying its foothold in India's IT landscape.
Source: Bloomberg News, Financial Express, Business Standard