About 60 per cent executives in India plan to quit their jobs within five years against the global average of 44 per cent
India has been ranked as the most attractive nation for retail investment among 30 emerging markets by US-based global management consulting firm A T Kearney. According to the entity's Global Retail Development Index, India is followed by Russia (2), China (3), United Arab Emirates (4) and Saudi Arabia (5).
The rankings have changed significantly over the last year based on their recovery after the global recession.
With the rush of growth after the pandemic slowing down, many leaders are moving to firms that may be smaller but are growing much faster and have the headroom to grow.
Spiritual leader Sadhguru Jaggi Vasudev was discharged from a private hospital in New Delhi on Wednesday, days after he underwent an emergency brain surgery after suffering 'life-threatening' bleeding in the skull, a source at the medical facility said.
The biggest contribution of IIT is the brand that they have created at the global level. The IIT brand commands respect for capability and excellence of a very high order in most academic institutions, corporate circles across a wide range of industries, and even government.
We need not spend much time going over what this government has done and is doing to the Opposition, by misusing the Enforcement Directorate and the CBI. There is a daily update on that, notes Aakar Patel.
India remains the favourite backoffice of the world thanks to its 'first-mover advantage' and deep skill base, as per global management consulting firm AT Kearney's ranking of the best outsourcing destinations.
Stock exchanges are expanding the buffet of index derivatives even as the number of stocks permitted to trade in this space, generating an average daily turnover of Rs 450 trillion, is shrinking. This week, the National Stock Exchange (NSE) started issuing futures and options (F&O) contracts based on the Nifty Next 50 Index, bringing the total count of index derivatives to five.
'The sooner Kalyan Chaubey leaves, the better it is for Indian football'
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
From the Sensex basket, Kotak Mahindra Bank, HCL Technologies, ICICI Bank, Infosys, Tata Consultancy Services, Wipro, Tech Mahindra and Larsen & Toubro were the major laggards. Mahindra & Mahindra, Nestle, Tata Motors and IndusInd Bank were among the gainers.
Restructuring is expected to cost the company $247 million in the fourth quarter of fiscal 2009 ending August 31. Of the costs, about $119 million would be related to reduction of excess office space globally and the remaining for severance and related costs of workforce reduction.
Driven by strong local demand, Indian health care market is expected to continue growing close to previously projected rates of 10 to 12 per cent, McKinsey said in its report 'New Opportunities for US-India Biopharma and Healthcare Collaboration'.
India, China and Malaysia continue to lead with a unique combination of high people skills, favorable business environment and low cost, according to global management consulting firm A.T. Kearney's Global Services Location Index (GSLI).
India is the world's leading offshore services location according to the Global Services Location Index, the latest annual survey by global management consulting firm A.T. Kearney.
Amid economic sluggishness, employees in the country have a reason to smile as a survey has predicted up to 12 per cent pay hikes in the New Year.
According to a survey of global management consultant firm Booz & Company, 64 per cent of the executive surveyed said that their companies have too many conflicting priorities.
Many locals grumble that it will mostly be an inconvenience.
India continues to be the most favoured back-office of the world, but the Middle East and North Africa region is slowly emerging as a promising offshoring destination, global management consulting firm A T Kearney says.
Tata Consultancy Services (TCS) on Friday reported a 9 per cent growth in net profit at Rs 12,434 crore in January-March quarter of FY24, helped by improved margin and strong performance of its India business. The largest software services exporter had reported a post tax profit of Rs 11,392 crore in the same period of the preceding fiscal. In the entire FY24, the company's net profit surged 9 per cent to Rs 45,908 crore, while the revenue rose to Rs 2,40,893 crore from Rs 2,25,458 crore registered in FY23.
'The private sector believes that some enablers in labour-intensive sectors like apparel, toys, tourism, and media retail, can unlock a lot of jobs.'
Global management consulting, technology services and outsourcing firm Accenture and Sun Microsystems on Wednesday announced that they have teamed up to set up an innovation centre in Bangalore for Sun solutions.
Global management consultancy firm Deloitte said on Tuesday it would strengthen Indian operations by doubling its headcount to 12,000 and is open for acquisitions to garner 10 per cent of global revenues from the country by 2010.
In the survey, 56 per cent of the companies said they would divest non-core assets so that they could focus more on their core businesses. Around 23 per cent of the respondents said they wanted to sell the non-core businesses as they needed the money to pay debts, or bolster their balance sheet. The challenge for the companies, however, remains to make their non-core assets attractive for sale.
India has overtaken the United States (US) to become the second-most sought-after manufacturing destination globally, driven mainly by cost competitiveness, according to real estate consultant Cushman & Wakefield. China remains at number one position, the consultant said in its 2021 Global Manufacturing Risk Index, which assessed the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia-Pacific (APAC). "India takes the second spot after China as the most sought-after manufacturing destination globally," Cushman and Wakefield said in a statement. The US is at third position, followed by Canada, Czech Republic, Indonesia, Lithuania, Thailand, Malaysia and Poland. In last year's report, the US was at second position while India ranked third.
The Top Executives' Compensation report by the group showed that compensation was pegged at more than Rs 7 crore (Rs 70 million) at larger, more complex organisations.
Nearly 40 per cent of IITians sitting for placements in 2024 are yet to receive job offers, showing a doubling of the 'unplaced' in the last three years from 19 per cent in 2021-2022 to 38 per cent in 2023-2024.
The highest compensation package for the Global MBA class at the S P Jain School of Management stood at Rs 43.9 lakh while that for the MGB programme was Rs 35 lakh.
As the job markets open up, top IT services firms may look at a tiered strategy in which they hire entry-level talents at higher salaries, amid a major technological shift, say HR analysts.
William D Green, chairman and CEO of Accenture, the $20 billion global management consultancy and technology services company, is in India to chair a select meet of the board of directors. On global economy, he said that there are some pockets of challenges (slowdown) and other pockets of great success (accelerators). "Firms will continue to outsource and offshore as they aspire to become globally efficient and locally responsive," he said.
Mumbai, Bangalore, Kolkata are cities of global repute.
In a clear sign of how global recession has affected placements, Day 2 of the Slot Zero at the Indian Institute of Management-Ahmedabad saw consulting firms emerge as the clear favourite over the traditionally-preferred investment banks.
'With continued focus on votes, upcoming by-polls and purchasing politicians, the political hierarchy has little time for national defence.' 'They would do well to heed a veteran scholar, who says, "There will be war with China in the next few years. The next full scale war will have the involvement of Pakistan and terror elements, insurgents and intelligence assets operating inside India",' warns Lieutenant General Prakash Katoch (retd).
Among index funds, the most popular products are funds tracking the Nifty 50 and Sensex, says Dwaipayan Bose, and explains the finer points of selecting the right index mutual fund.
Indian students are worried that the economy's current instability may adversely affect their job prospects, according to a study by global management consultancy Accenture.
Accenture, one of the leaders in global management consulting, technology services and outsourcing company, on Wednesday launched a training academy, in collaboration with Xavier Labour Relations Institute, Jamshedpur.
The Securities and Exchange Board of India (Sebi) is in the process of issuing a standard operating procedure (SOP) for designated depository participants (DDPs) regarding disclosures and onboarding of foreign portfolio investors (FPIs), according to a regulatory document seen by Business Standard. DDPs act as a link between the markets regulator and overseas investors. The SOP, framed in consultation with the industry, aims to bring consistency across all players and avoid any form of regulatory arbitrage.
As many as 7 per cent of bank account holders in the country are using the Internet for banking transactions, while branch banking has fallen by a full 15 percentage points, according to a report by global management consultancy McKinsey & Company.
Branch usage has dropped by 27 per cent on an average across Asia between 2007 and 2011.
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