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. ... Read More »
NEW DELHI: UK companies are upbeat about doing business in India, with 56 per cent of them saying it is getting easier to do business in India and their perception about corruption being a barrier to operating in India seeing a sharp drop, according to a report. The UK India Business Council’s fifth annual ... Read More »
If someone walked up to you and asked how technology makes your life better, you could probably rattle off at least a dozen examples in under a minute, citing everything from mobile coffee apps and on-demand streaming to smart home systems and tele-health services. But what if someone asked you ... Read More »
It’s traditionally thought that smaller advisory firms are able to embrace new technology quicker than larger firms. With fewer advisers to train or accounts to migrate, the small boat can turn quicker than the large ship. But large firms appear to have finally turned the corner with technology, and it ... Read More »
Leading stock exchange BSE will ‘compulsorily’ delist 200 firms this week and bar their promoters from the markets for 10 years as trading in these shares have remained suspended for over a decade. All these companies will be delisted from August 23. The move also comes at a time when ... Read More »
December quarter results show rental income from commercial assets is alleviating, at least partially. Residential properties still not up to the mark The mood was sombre in the December quarter among real estate firms. The November ban on old, high-value banknotes affected the real estate sector hugely, given that it ... Read More »
The chief financial officers (CFOs) at Britain’s biggest companies are more worried than their European counterparts about how Brexit will affect their firms’ bottom lines, according to a new survey by Deloitte. 65% of British CFOs say Brexit negotiations will be “bad for business,” compared with just 37% of European ... Read More »
More than 20 European business associations and companies interviewed by Reuters say they back their governments’ position that Britain’s banking sector can only enjoy EU market access post-Brexit if the country still follows the bloc’s rules. Britain wants a trade deal that gives London’s financial district, known as the City, ... Read More »
The Mumbai Metropolitan Region (MMR), a key property market, will see fewer project launches and land deals in the year ahead due to confusion over new development rules, a ban on new construction and poor preparedness for the new real estate law, builders and consultants said. The expected decline in ... Read More »
Accountants, lawyers and consultants whose multibillion pound industry provides advice on how to aggressively avoid tax could face large financial penalties under government proposals. Plans set out in a consultation document released on Wednesday will suggest that tax advisers whose schemes are defeated in the courts might pay a fine ... Read More »
Boutique advisory firms now receive nearly half of all mergers and acquisition fees in Europe, stealing market share and top dealmakers from global investment banks hamstrung by a renewed focus on cost-cutting and regulations on how much they can pay. Founded largely by veterans fleeing bureaucracy and shrinking paychecks at ... Read More »
Concern over Chinese retaliation in response to the deployment of the U.S. anti-missile defense system THAAD is mounting in South Korea and among South Korean businesses in China. Several sources told local news service Money Today on Friday they are monitoring the situation for any trade-related restrictions that could be ... Read More »
