BOSTON CONSULTING GROUP INDIA
Tata Sons repays Rs 20,000-crore debt in bid to stay private
As a core investment company that borrows funds from banks and markets to invest in group companies, Tata Sons was classified by the RBI as an NBFC-Upper Layer (NBFC-UL) in September 2022. Under RBI regulations, an NBFC-UL must be listed within three years of such a categorisation. But with the promoter risk profile reducing drastically following the debt repayment, Tata Sons is no longer required to list its stock, having offered to surrender its certificate of registration to the central bank.
TCS completes two decades of public listing
TCS CEO K Krithivasan said on LinkedIn that IT major has reshaped the global IT industry in these two decades. He also thanked employees of TCS, along with clients and partners. The public listing of the Tata group subsidiary happened on 25 August 2004 with TCS shares had listed at a premium of over 26.6% at Rs 1,076 apiece on the BSE.
Murugappa plan to split Group into 3 hits a bump
The turbocharged value appreciation of a handful of group companies relative to others has led to serious differences among at least two of the three factions of the extended family.
SEBI chief Madhabi Puri Buch’s earnings under scrutiny for rule breach amid Hindenburg controversy
Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (SEBI), faces allegations of conflict of interest due to her ongoing revenue from a consultancy firm, Agora Advisory Pvt Ltd. Despite claiming full disclosure, the consultancy’s earnings during her tenure have raised concerns among former SEBI board members and critics. Hindenburg Research’s latest report adds to the scrutiny surrounding Buch, highlighting potential breaches of SEBI policies.
At a bunch of companies, white-collar jobs slip into the red
At a consolidated group level across businesses, Reliance Industries alone has seen a reduction of 42,000 in employee count in FY24 over the previous year led by the retail business where over 38,000 jobs were slashed.
Sebi proposes to ease compliance for non-convertible securities
The new rules mandate that quarterly financial results must be approved by the board of directors before submission. These results, when sent to the stock exchange, need the signature of either the chairperson, managing director, or a whole-time director. If none of these are available, any other director authorized by the board can sign the financial results.
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India regulatory chief earned revenue in potential rules violation, documents show
Madhabi Puri Buch, head of India's SEBI, faced allegations of earning revenue from consultancy firms during her tenure, potentially breaching regulatory rules. Involved in Adani Group investigations, Buch denied conflict of interest claims. Public records revealed her firm's earnings, raising questions about regulatory compliance.
RBI flags risks emerging from over-reliance on third party vendors
The Reserve Bank of India has warned banks about the dangers of relying too heavily on third-party vendors. Deputy Governor J. Swaminathan mentioned a recent ransomware attack as a cautionary example and proposed linking insurance premiums to the risk levels of financial institutions to encourage stronger risk management.
Bharti's BT Group deal could open doors for the 'real East India Company' to flourish
Bharti Enterprises is set to acquire a 24.51% stake in British Telecom for $4 billion, marking a significant outbound deal for an Indian firm. This acquisition, which follows the UK-India Technology Security Initiative, signals deepening business ties and potential growth in telecom synergies and bilateral trade between the nations
90% women consider generative AI crucial for career growth: report
As per a report by Nasscom and BCG, women want to put in effort to learn AI and GenAI technology to further career growth. The survey findings revealed that one in five women use GenAI tools almost daily with about 35% of senior management women reporting daily usage.
Deloitte India aims to be first Big 4 firm to hit ₹20,000 crore revenue by 2027, says South Asia CEO
Deloitte India planned to double its revenue to ₹20,000 crore by 2027 after reaching ₹10,000 crore in FY24 with a 30% growth rate. CEO Romal Shetty emphasized expanding in consulting, risk advisory, and new sectors like semiconductors. The firm aims to strengthen its presence in tier II cities and has made strategic investments.
Indian banks allocate only 5% revenue on IT spends
According to the BCG report “The Poster Child”, 75% of digital payments and loans and 25% of new digital accounts will originate from third-party platforms by FY26.
ETtech in-depth: Is India still playing catch-up with China and the US in quantum computing?
India launched the National Quantum Mission with a budget of over Rs 6,003 crore last year. In 2023, China reportedly invested $15 billion, however, India is determined to take that quantum leap and nothing exemplifies that better than Tata Institute of Fundamental Research (TIFR), Defense Research and Development Organisation (DRDO) and Tata Consultancy Services (TCS) building India’s largest quantum computer.
Prompt engineers wanted: tech companies hunt for people who speak the AI language
Prompt engineering is the process of structuring an instruction that can be interpreted and understood by a generative AI model. And now, top technology companies, including the likes of IBM, Accenture, and the Tata Group, are hunting for specialists who can speak the AI language.
Mcap of 8 of top-10 most valued firms jumps Rs 2.10 lakh cr; TCS, LIC sparkle
The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers. Last week, the BSE benchmark climbed 85.31 points or 0.10 per cent. The 30-share BSE Sensex hit its new all-time high of 81,587.76 on Friday.
Consulting industry often shrouded in opacity, ripe for a fresh approach: Vector Consulting’s Kiran Kothekar
Vector Consulting says it wants to redefine management consulting and address issues by doing the opposite of what the industry typically does.
India can be third pillar of growth with US, UK: TCS CEO K Krithivasan
Tata Consultancy Services CEO emphasizes the importance of emerging markets like India for future growth. Discusses revenue trends, technology spends post-US elections, and interest rate cuts. Highlights deepening engagement with Tata Group firms and employee work from office policies.
Godrej Enterprises charts course to unlock growth potential
GEG aims to tap into synergies offered by business adjacencies to accelerate its growth after a recent realignment of revenue streams and companies in the century-old Godrej Group. Internal discussions are still going on in this matter and the group may consider creating separate scalable business units to drive growth.
2015 skilling policy to be replaced with new one
A new policy on skilling in India, drafted by BCG, aims to create a skilled workforce to meet global demands, aligning with the government's vision and demographic dividend.
Indians less worried, more optimistic about AI impact on work: Report
A Boston Consulting Group report has found that Indians are more confident than worried about the impact of artificial intelligence and generative AI on their work, with 54% evincing confidence compared to only 13% showing signs of anxiety. The report, based on BCG's AI at Work 2024 report, found that 42% of respondents globally reported confidence about AI and GenAI's impact on their work, compared to 26% last year.
Airport industry's pre-tax profit to grow 35% in FY25, CAPA India says
India's airport industry is expected to see a 35% rise in pre-tax profit for fiscal year 2025, driven by strong demand for air travel, as estimated by aviation consultancy CAPA India.
Old planes, lack of engineering capacity test Tata’s mettle to turnaround Air India
Customers flying on Air India flights to North America and Europe have been raising issues about frequent delays, broken seats or non-functional in-flight entertainment screens as the Tata group struggles to revamp the airline's fleet, some of which are 15 years old. The original aircraft for the delayed flight to San Francisco, had developed a technical snag. So, the airline had to tow a Boeing 777 which was parked under hot sun in Delhi’s 49 degree temperature. Air conditioning system in plane work.
Writing is easy, not living: Challenges in implementing family business constitutions
Numerous families face difficulties in actualizing the principles outlined in the document into practical, everyday reality. We discuss here the key challenges encountered in implementing a family business constitution.
Strategies for effective implementation of family business constitutions
This article explores strategies for the effective implementation and bridging the divide between the aspirational ideals outlined in the constitution and the lived reality of day-to-day interactions, long-term strategies, decision-making processes, and familial aspects of harmony and togetherness.
Visa free group travel between Russia and India expected by the end of this year: Minister
Russia and India are set to enhance tourism ties through visa-free group tourist exchanges. Consultations for a bilateral agreement will start in June, aiming for completion by year-end. Russia plans to follow successful models with China and Iran, fostering greater tourism cooperation between nations.
Red Sea diversions spew carbon emissions equal to 9 million cars
Instead of passing through Egypt’s Suez Canal, hundreds of vessels since mid-December are sailing around South Africa’s Cape of Good Hope — a detour that adds at least a week to the journey between South Asia and northern Europe.
View: Time to bring humanity back into capitalism?
Modern economists have a flawed understanding of how societies and economies function, leading to a need for a new economics that brings humanity back into capitalism. The current approach to economics, which relies on leaving problems to the market, has led to structural weaknesses in economies and irrational exuberance in deregulated financial markets.
Your household shopping bill may not come down soon
Most consumer goods companies raised prices by more than a quarter in the past two years to offset rising costs under heads such as raw materials, supply chain and energy.
B Capital announces two senior hires to expand climate investments
Rich Lesser, global chair and former CEO of Boston Consulting Group (BCG), has joined as vice chair, climate & sustainability and senior advisor. The firm also announced Jeff Johnson as a new general partner to head their expanding climate investment team.
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