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The cost of acquiring customers through digital channels is 70 per cent cheaper, says the Google and McKinsey report

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The structural re-allocation of savings away from deposit products may lead to muted growth in deposits

Generative AI will give humans a new "superpower", and the economy a much-needed productivity injection, said McKinsey report

McKinsey's secret $5-billion fund in spotlight: Financial Times

A McKinsey analysis has revealed that the wealth pool of this group is projected to hit $4.7 trillion by 2026, up from $2.7 trillion in 2021, thanks to the rise in their incomes

pollution, climate change

India emits a net 2.9 gigatons of carbon-dioxide equivalent every year, third-largest globally, as of 2019, according to a report recently released by McKinsey Sustainability

Women wealth

For every woman at the director level who gets promoted, two female directors are choosing to leave their company, according to a new McKinsey & Co. and LeanIn.org report

services, PMI, IT industry, jobs, employees, firms, company

McKinsey also pointed that tech business models are reshaping worldwide and IT industry need to refocus

Deal, handshake

(Reuters) -     Consulting firm McKinsey & Co has agreed to pay $573 million to resolve claims by more than 40 U.S. states related to its role in the opioid epidemic and advice it gave to OxyContin maker Purdue Pharma, according to a person familiar with the matter.

It is a test that the industry has withstood so far, whilst demonstrating resilience and purpose, McKinsey said in its annual review of global banking

auto component makers, automobile, manufacturing, jobs, workers, company, cars, engineering

The figures do not include 55 million women who may come back to the labour force to "partially correct the historical underrepresentation"

mckinsey

A division of the Justice Department, the Office of the United States Trustee, which oversees administration of bankruptcy cases, has also initiated an investigation, according to the paper

More steps in the offing for timely fraud detection in banks: RBI

The findings from the survey for India said that return on average equity dropped from 11.3 per cent in 2014 to -2.0 per cent in 2018

digital platform, digital product

Low income states are leapfrogging growth thanks to internet penetration

corporate bond, real state sector, health sector, government bond yield

About 18 per cent of outstanding corporate bonds in India were at default risk in 2016

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Non-farm employment rose by 33 million, farm employment dropped by 26 million

Adani Group on Thursday bagged two contracts worth Rs 13,888 crore from a state-owned discom to install smart meters.
A total of six tenders were awarded by the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to install smart meters, of which two have been bagged by the Adani Group, according to an official communiqu from the discom seen by PTI.
The diversified group, which has a sizeable presence in the power sector and had recently won a Rs 1,000 crore contract to install smart meters in the area serviced by BEST Undertaking in Mumbai, will act as an advanced metering infrastructure service provider for smart prepaid metering in MSEDCL, it said.
The two zones awarded to Adani include Bhandup, Kalyan and Konkan having 63.44 lakh meters, and Baramati and Pune having 52.45 lakh meters, it said.
Letter of Awards have been issued to the successful firms, as per the communiqu.
Officials from Adani Group were not immediately available for comment.
The group's transmiss

Adani, Adani Group

India's addition to a major global gauge will give global investors greater access to the world's fastest-growing large economy that offers some of the highest returns in the region

JPMorgan Chase & Co

Stocks held by Canada Pension Plan Investment Board (CPPIB), which is among the biggest FPIs investing in the domestic market, have come under pressure since developments on the India-Canada tensions

India-Canada tensions: Multi-billion economic deals at risk if rift widens

India-Canada

Adani group won the Dharavi rebuilding project in July by bidding $610 million for the project

Dharavi Redevelopment Project

While both Tesla and the Indian government remain keen on the proposal, and New Delhi continues to review it, it is not certain if the plan will be realised, said the first source

Tesla, elon Musk

This comes as the Cabinet on Monday approved the Women's Reservation Bill, sources said

Parliament, New parliament building

Since the 1990s, governments have tried to push through legislation to provide reservation to women in the Parliament and state Assemblies

New Parliament

Leader of the House in Rajya Sabha Piyush Goyal on Tuesday said that if the various challenges India faced had been resolved in a timely manner, the country could have become a developed nation before 2047.
He also said the new Parliament building will become a symbol of 'Atmanirbhar Bharat'.
The Union minister was addressing a gathering at the historic Central Hall of the old Parliament building for a function to commemorate the rich legacy of the Parliament of India.
The new building has now been designated as the 'Parliament House of India'. After the function, the House proceedings will shift to the new building.

Piyush Goyal

Situations between India and Canada have escalated, with both nations expelling high-ranking diplomats from their respective countries

Hardeep Singh Nijjar, Hardeep Nijjar

Sports 18 HD/SD will live telecast India vs Australia ODI matches in India. The live stream of the IND vs AUS will be available on the Jio Cinema application and website.

India vs Australia

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

The fiscal burden of states will increase over time

pensions, funds, retirement, investments, investors, savings

The government introduced the Women's Reservation Bill in the Parliament almost three decades after it was first drafted

Parliament

Former RBI Governor Bimal Jalan said it is better if the person's expertise is considered than whether he/she is a bureaucrat or a private sector executive

TRAI

Filmmakers will have to invest in understanding the changing tastes of moviegoers, in multiplexes and single screens, in order to improve their chances of success

Cinema hall, Kashmir, South Kashmir

Recently, the CBI has filed a chargesheet in the alleged Land for Job scam case against Lalu Prasad Yadav including his son Tejashwi Yadav and others

corporate governance, MCA, company, audit firms, fraud, scam, audit

The Supreme Court on Friday said it would list pleas on the issue of marital rape for hearing in mid-October. The pleas raise the legal question of whether a husband enjoys immunity from prosecution for the offence of rape if he forces his wife, who is not a minor, to have sex.
A bench comprising Chief Justice D Y Chandarchud and Justices J B Pardiwala and Manoj Misra took note of the submissions of lawyer Karuna Nundy that the pleas needed to be heard.
We are in midst of constitution bench hearings. We can list this after the constitution bench matters are wrapped up, the bench said and asked Solicitor General Tushar Mehta and other lawyers how much time they would take in advancing their arguments.
I will take two days. This (issue) has social ramifications, the law officer said. A counsel for the petitioners said they would like to argue for three days.
Then it can be listed for hearing in April next year! the CJI quipped and later said the pleas would be listed for hearing in .

Supreme Court, Manipur violence

The Supreme Court on Friday refused to entertain a PIL seeking an audit of the software used in electronic voting machines (EVMs) used by the Election Commission.
A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra said no actionable material that the poll panel acted in breach of constitutional mandate in holding polls has been placed before it.
The Election Commission is entrusted with the control over elections. Presently, the petitioner places no actionable material before this court to show that the poll panel has acted in breach of its constitutional mandate. There is no material before us which casts doubt on EVMs, the bench said.
Before filing the petition, PIL petitioner Sunil Ahya had made representations to the Election Commission seeking an independent audit of the source code of the EVMs.
The source code is the brain behind the EVM and it is about survival of democracy, Ahya said.

The VVPAT machines, which will be attached to the EVMs, will allow voters to verify if their vote has gone to the intended candidate. (Photo: pib.nic.in)

VVPAT machines, VVPAT, EC, voting, EVMs,vote

The much-awaited movie Expendables 4 is finally released in theatres today. The movie is a sequel to Expendables 3, which was released in 2014. It is directed by director Scott Waugh

Expandables 4

Prime Minister Narendra Modi was accorded a warm welcome at the BJP headquarters here on Friday by the party's women wing, a day after Parliament passed the women's reservation bill.
A large number of women, including beneficiaries of several government schemes, were present at the party office to greet him.
Modi bowed to a group of beneficiaries, who garlanded and blessed him.
BJP president J P Nadda and women Union ministers, including Nirmala Sitharaman and Smriti Irani, and other party leaders were present on the occasion.
Nadda described the bill's passage as historic and credited Modi's foresight and resolve for the feat.
The prime minister has taken numerous steps to empower women.

Heatmap

McKinsey report

Algo rhythm: Digital spells money for India's BFSI companies, says report

After reaching peak, banking profitability to moderate on deposit challenge

Knowledge workers biggest losers of generative AI boom, says McKinsey

Wealth of prosperous Asians to reach $4.7 trillion by 2026: McKinsey report

McKinsey lists 10 steps to decarbonise India while pursuing economic growth

Why women in leadership roles are quitting at faster rate than ever

Indian IT sector likely to hit $350 billion by 2026, says McKinsey report

McKinsey agrees to settle claims over role in opioid crisis: Report

Indian banks risk Rs 12-trn hit till 2024 from Covid-19: McKinsey

India will need to find jobs for additional 90 mn, says McKinsey report

McKinsey faces investigation over conduct in bankruptcy cases: Report

APAC banks must reinvent themselves or prepare to be acquired: McKinsey

Digital sectors can comprise 10% of GDP by 2025: McKinsey

Realty, health pose risks to bond market, says McKinsey Global Institute

7 mn jobs added between FY11 and FY15, says McKinsey report