MMTC Ltd, the largest of the three companies, is seeking approval for the merger from its 2,000-odd employees this week, and State Trading Corporation and PEC will launch a similar exercise next month.
Apart from fulfilling banking services, one can access more than 100 e-commerce sites, book tickets, and even pay for small value groceries through the app. The bank is now proposing to allow other banks to use this to serve their own customers.
The top M.B.A. programs in the U.S. and around the world.
Gupta began serving a two-year prison term on insider trading charges
Another Indian School of Business (ISB) is taking shape. Rajat Gupta, the former CEO of McKinsey & Company and now a senior partner in the professional services firm, along with his team is planning to set up a second ISB, this time in the North. The existing ISB in Hyderabad was Gupta's brainchild and is among India's most coveted business schools. It is spread over 260 acres of land and was set up in December 1999 at a cost of around Rs 100 crore (Rs 1 billion).
After jumping from 129th in 2005 to 2nd in 2006 and to numero uno this year, Google, the most popular search engine is now the most popular place to work for MBA students, thus ending McKinsey & Company's 12-year reign.
Interestingly, communications, which accounts for only 2 per cent of spending today, will be one of the fastest expanding categories with growth of over 13 per cent a year.
Top consulting firms like McKinsey and Co, and Bain and Co along with others in the investment banking industry, such as Goldman Sachs and Deutsche Bank, have extended fulltime offers to students who interned at IIM-A.
As the debris of failed joint ventures piles up, experts quote the old adage of prevention being better than cure.
It has been clear for a while that India needs manufacturing - and it may be true that global manufacturing needs India as well. Time to strike while the iron is hot, say Rajat Dhawan, Anu Madgavkar and Sree Ramaswamy.
'One out of three phones sold in India is a Xiaomi phone.'
As IT majors face a decline in their legacy business, they are realigning their sales strategies to push up revenues from newer technologies.
Those in India remain the world's most confident executives while outperforming the global average by a decent ten points, McKinsey said.
Faculty, funding and lack of best management and governance practices have been plaguing the Indian Institutes of Technology for years on end.
Asian consumers look at brands from the West is different from the way the West looks at its own brands.
The perpetrators of the crime would be brought to justice very soon, said the state Deputy Chief Minister R R Patil.
Doting Chinese parents spend nearly $29 billion annually on their offspring, mostly a single child, while teenagers splurge around $7.5 billion from their pocket money, a survey has found.\n\n
Nasscom chief Kiran Karnik said: 'I am not saying you throw open education, but we need to liberate higher professional education from constraints.'
India has the world's largest treasure-trove of skilled manpower and is on the way to become a global IT powerhouse.
Internet search engine Google made a surprise entry as the second-most preferred employer in a survey conducted among engineering students.
The head of the global merger management practice at McKinsey & Company, Clay Deutsch, takes us behind the scenes of some of India's biggest deals and tells you why deals succeed or fail, because 70% of all deals fail.
Indian software export revenue is likely to grow at 25 per cent year-on-year till 2010 to touch $60 billion, according to Nassocm-Mckinsey report 2005.
People of Indian Origin want to talk to ministers so that their problems can be solved, says Amit Mitra, Secretary-General, FICCI.
India faces huge shortage of software product developers who can think "out-of-the-box" ideas and concepts but the educational institutes are churning out engineers suited mainly for the IT services market, industry officials say.
Cisco, a global major in networking for the Internet, is aggressively looking at the Indian automotive sector, as it opens up to exponential growth and challenges from global auto markets.
Medical tourism can contribute Rs 5,000-10,000 crore (Rs 50-100 billion) additional revenue to upmarket tertiary hospitals by 2012, according to the CII-McKinsey study on healthcare.
