Indian Internet economy represents 4.1 per cent of the gross domestic product.
Payments and banking transactions through mobile phones in India are expected to touch $350 billion (Rs 1,560 crore) by 2015, according to The Boston Consulting Group (BCG), a global management consulting firm.
The number of millionaire households in India jumped nearly 21 per cent.
India has emerged among the four fastest wealth creator countries in the world and its growth momentum is expected to gather further steam going forward, a global study has said.
A senior bank official said the preliminary report would come in three months.
Despite high inflation and interest rates, number of Indians wanting to buy expensive products within the same category, called trading up in retail parlance, is among the highest in the world, says a new study.
India is likely to count among the top three life insurance and 15 general insurance markets in the world by 2020. However, private insurance companies are to be find a way to operate profitably.
Getting to the magic growth, however, will require massive increase in investment in infrastructure, in labour force skills and manufacturing capacity.
Besides Parikh, Singh sent letters of appreciation to V L Chopra, B Mungekar and Anwarul Hoda indicating that they may not find a place in the reconstituted body.
Payments through cash and cheques had accounted for a high 94 per cent of the total transactions in 2003 and the share has been on the downslide ever since.
Besides undertaking the routine work, Ahluwalia entrusted the task of revamping the Commission to new member Arun Maira, formerly with the Boston Consultancy Group. "We cannot work is silos. We need better lateral inputs," Ahluwalia had said at a recent internal meeting of the commission.
As many as 20 Indian companies have been identified, in a list of 100 firms from emerging markets in a report of 'BCG Global Challengers 2011', as businesses that can challenge existing Fortune 500 firms over the next five years.
Electronic book readers and tablet PCs, known to be niche products for technology geeks, are set to become mass-market devices in this decade, a survey by the Boston Consulting Group has said.
Global wealth rose by $9 trillion to a record high of $121.8 trillion.
The six-member government-appointed board of scandal-hit Satyam Computer Services today appointed investment banks Goldman Sachs and Avendus to explore various strategic options for the company, which include identifying strategic investors and obtaining expressions of interest from them in a fair and transparent manner.
Does the 21st century indeed belong to the Asian nations?
In a study titled Internet's New Billion, the Boston Consulting Group said Brazil, Russia, India, China and Indonesia will have more than 1.2 billion Internet users by 2015 -- well over three times the number of Internet users in Japan and the US combined. In 2009, the BRICI countries had some 610 million Internet users.
In a study titled Internet's New Billion, the Boston Consulting Group said Brazil, Russia, India, China and Indonesia will have more than 1.2 billion Internet users by 2015 -- well over three times the number of Internet users in Japan and the US combined. In 2009, the BRICI countries had some 610 million Internet users.
Companies are cutting back on recruitment and training in their bid to cut costs and cope with the current economic slowdown.
Anand Raghuraman, partner, The Boston Consulting Group, said it is extremely tough to make money on small food and grocery stores.
According to the research, consumers are willing to spend small monthly sums to receive news on their personal computers and mobile devices.
Notwithstanding their increasing economic power, women are made to feel underserved and ignored by companies they are associated with, said a global study by the Boston Consulting Group.
Reliance Industries has been named as the world's fifth biggest 'sustainable value creator' globally in terms of investor returns over a decade.
China has the third largest number of dollar millionaires in the world, after the United States and Japan, with the number touching 6.70 lakh (670,000) in 2009, an increase of 60 per cent compared to the previous year.
The BCG analysis shows Lupin gave an annualised average TSR of 29.9 per cent, ahead of the 18.4 per cent of Israel-based Teva Pharmaceutical, the world's largest generics maker. Teva is next on the list. Another Indian generic maker, Glenmark, occupies third position, with an 18 per cent TSR to its investors.
The list is based on what the employees of these companies experienced over the past twelve months.
In Globality*, authors Harold L Sirkin, James W Hemerling and Arindam K Bhattacharya from Boston Consulting Group, show how, over the past two decades, a range of corporations from the developing world have begun to disrupt traditional paradigm of development and tilted the balance of competition in their favour with their predilection for 'rapid-fire innovation'.
Global wealth staged a remarkable comeback in 2009, increasing by 11.5 percent to $111.5 trillion, just short of the year-end peak set in 2007.
Global wealth fell from $104.7 trillion in 2007 to $92.4 trillion in 2008.
Irrespective of demonetisation and GST blues, IIM Lucknow has been able to successfully place their batch of 459 students.
In a recent report published by the Confederation of Indian Industry and the Boston Consulting Group, has estimated India would face 'talent gap'-- the lack of right skills for the job required -- of more than 5 million by 2012, as existing educational institutions do not impart employable skills. The report titled, 'India's demographic dilemma' brings out the fact the $1.1-trillion economy will have a shortfall of 750,000 skilled workers over the next five years.
These stores will find it difficult to survive the pressures of the slowdown because the margins in their category of business are the lowest among all retail formats, said Anand Raghuraman, partner & director, The Boston Consulting Group.
The firms record robust 10-15% growth till September. However, despite the enhanced outlays for A&B, companies are looking at adopting cost -cutting measures.
IIM Lucknow has concluded its 2020-21 final placements.
The BCG project, which is supported by the United Nations' World Food Programme, the government of India and the government of Orissa, involves scanning finger prints and the iris for preparing biometric cards for a population of around 1 million. Srijan Pal Singh, an IIM-A student, who is part of the project, says the biometric cards will be filtered through a super computer to avoid duplications.
Consumer spending, which had been growing at 10 per cent year-on-year, will now decrease. Over 34 per cent of the respondents said they would cut spends, while 16 per cent said would spend more in the coming year. However, compared to other countries where the survey was conducted like Brazil, China, Mexico, Russia, Japan, Canada, United States and Europe , Indian consumers are more confident and optimistic.
The management of human resources has a strong link with the financial performance of a multinational company. Indian multinationals are showing how to foster it.
The value of global mergers and acquisition deals is likely to drop by nearly 50 per cent this year, even as the financial crisis throws good opportunities for takeovers, a study says.
The Indian Institute of Management, Lucknow, invites industry delegates and management students to attend its annual IT management seminar, AIMS 2006.\n
Although only about one in 20 of the world's first two billion mobile subscribers live in India, as many as one in every four of the next billion subscribers will be an Indian, a report by the Boston Consulting Group said.
