Business

A rally for a $15 minimum hourly wage in New York City in 2015. The city raised its minimum wage to $15 in 2018, while New York State raised its minimum wage to $11.80 in December 2019, and that will increase statewide at the end of 2020 to $12.50. Getty Images Looking for another sign [...]

When it comes to business, Kim Kardashian West has seen enormous success. After all, she boasts a personal net worth of more than $370 million, according to Forbes, thanks to a thriving career that’s encompassed television, social media, fashion, cosmetics and even mobile apps. However, the reality TV megastar says that not every business deal she’s made has [...]

The Indian economy is going through a difficult phase. The International Monetary Fund (IMF) has lowered India’s growth estimate to 4.8 per cent for 2019-20. According to the Consumer Confidence Survey of the Reserve Bank of India (RBI), consumer confidence in the economy is at a five-year low and the consumer spending is declining. While [...]

Sustainability efforts present an opportunity to tap new sources of capital and innovation. GETTY Sustainable investing has moved to center stage in early 2020. In his latest letter to CEOs Blackrock CEO Larry Fink writes that sustainability, which involves integrating environmental and social concerns into business decisions, would be at the center of his firm’s investment approach. [...]

Citizens’ protests had led to shelving of elevated corridor projects Experts question validity of plan that proposes 90 km of elevated corridors With just a day left to submit suggestions for the Comprehensive Mobility Plan (CMP), citizen groups are questioning the legality of the vision document given that it is prepared by Bangalore Metro Rail Corporation Limited (BMRCL), which [...]

With the World Economic Forum 2020 starting this week, buzz around sustainability will be rekindled once again with dialogues, discourses and debates on ‘reimagine the purpose and scorecards for companies and governments’. While scorecards will be developed but will businesses really make sustainability a core business strategy or will it continue to be at the [...]

Mumbai: Life insurers such as ICICI PrudentialNSE 1.55 %, HDFC LifeNSE 0.25 % and SBI LifeNSE -0.05 % are set for a quarter of strong new business growth driven by increasing margin gains in protection business, expanding distribution network and robust premium even as some insurers may see increased stress in certain portfolios due to a slowing economy. The December quarter, which [...]

With increasing and fast-paced shifts in customer behaviour patterns and workplace modalities, it is imperative that in the new decade we take necessary steps right away to be future-ready and future-engaged . The traditional approaches to work and workforce changes may not be enough. Here are the five trends that IHCL MD&CEO Puneet Chhatwal told Mint will [...]

MUMBAI: A sessions court has held that unless shown that a director is involved in the day-to-day activities and conduct of business of a company, he is not liable to face criminal prosecution on its behalf. The court observed this while setting aside a lower court’s order initiating criminal process against a shipping company’s now [...]

Hardselling his administration’s pro-business approach, Prime Minister Narendra Modi on Friday said the government is working to decriminalise provision of Companies Act to make it easier to do business in the country. Speaking at an Assocham event, he said the recent cut in corporate tax has brought rates to all-time low for businesses. He, however, said labour [...]

New Delhi: Prime Minister Narendra Modi on Friday said his government has corrected past weaknesses of the economy, and urged industrialists to “invest boldly”, promising protection against wrong actions in genuine commercial failures. “I want to assure the banking and corporate world that we have been able to overcome weaknesses in the system to a large [...]

BENGALURU: Technology companies offering niche services to banks face a challenge as public sector lenders consolidate, with issues around shrinking revenue, reduced clients and heightened competition, industry experts have said. The country will be left with only 12 large public sector banks from 27 before, the government had announced earlier this year. For existing IT service providers, [...]