HDFC BANK AND PWC
RBI may hike interest rate further in December policy: Experts
The Reserve Bank of India has shifted its policy stance to calibrated tightening amid rising inflation concerns. A rate hike of up to 50 basis points is anticipated in December, increasing the current benchmark rate. Various economists emphasize the likelihood of cumulative rate increases over the next months. Rising commodity prices and global market volatility are influencing these monetary policy decisions.
PwC India appoints Rajan Pental as financial services sector leader
PwC India has appointed Rajan Pental as the new Financial Services Sector Leader to drive growth. He will lead initiatives aimed at boosting demand and collaborating within the firm. Pental brings over 35 years of experience from prominent financial institutions in India.
Slice’s big valuation cut; Betting networks under lens
Slice Small Finance Bank has raised fresh funding at less than half its previous valuation. This and more in today's ETtech Top 5.
HSBC joins PEs in race for Nuvama Wealth
Asia-Pacific-focused private equity firm PAG, current owners of the listed financial services company, has revived attempts to sell the business after a year’s gap. Non-binding bids also in from 6 funds for 54% worth $1.8 billion. Two more strategics expected to join.
XLRI completes final placements with median salary of Rs 29 lakh, top salary of Rs 1.1 crore
XLRI successfully concluded its Final Placements for the PGDM 2023-25 batch with a median salary of Rs 29 lakh. Despite market challenges, the highest international offer reached Rs 1.1 crore. Top recruiters were from consulting, BFSI, and sales & marketing domains, with 41 new recruiters participating.
Credit cards bring experiences to woo the young and affluent
Credit and debit cards offering discounts on travel, experiences, and lifestyle are gaining popularity among affluent and young customers. Banks like Bank of Baroda, HDFC Bank, and HSBC are partnering with travel companies to provide exclusive offers. The trend is driven by rising demand for unique experiences and live events.
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IIM Indore completes final placements with 150+ recruiters making offers to 594 students
Consulting attracted 25% of the total offers, while the finance cohort made up 19% of the total offers. Recruitments in the sales & marketing function formed 19% of the total offers and 12% of the batch opted for IT/analytics roles. 25% of the batch was extended offers for roles in general management, HR & operations.
Big accounting firms may not get to value IDBI bank assets
The decision to appoint an asset valuer for IDBI Bank has caused concern among the big four accounting firms. The government's department of investment and public asset management has set out qualification criteria stating that only valuers registered with the Insolvency and Bankruptcy Board of India are eligible to apply.
M&A, other corporate deals surpass pre-Covid levels in 2022: PwC India report
It is to be noted that deal activity witnessed a steady decline quarter-on-quarter after a strong start in the initial months of 2022, the report said, and 70 per cent of deal activity in terms of value and volumes was witnessed in the first half of 2022, with only 30 per cent activity in the second half of 2022.
Companies step up campus hiring of women
Catching them early will not only help groom female talent and build a future pipeline, but also give the companies access to a larger, fresh pool of candidates to bring in out-of-the-box thinking and promote a more inclusive and innovative workplace culture, say industry executives.
Axis, ICICI, Kotak may have to form non-operative financial holding companies
Financial and banking experts are still divided over the applicability of the NOFHC structure for legacy banks. While it would ring-fence banks from the risks associated with the non-banking businesses, some experts believe that forcing older banks to move to NOFHC structure would unnecessarily complicate things, disrupt businesses and impair their capital raising ability.
After Market: Yes Bank slips 13%, IndusInd 5%; 236 stocks hit 52-week lows
Momentum oscillator Relative Strength Index, or RSI, showed 68 stocks in the oversold zone.
WhatsApp is said to hasten payments push for 200 million Indians
Facebook was aiming for a full rollout with four partners but decided to go ahead with just three as its rivals were racing ahead.
IIM Raipur completes placements with highest salary package of Rs 27.2 lakh
The average salary offered to the top 10 percentile, top 25 percentile and the top 50 percentile of the batch were Rs 19.4 lakh, Rs 17.1 lakh and Rs 15.5 lakh respectively.
CERT-In had instructed banks on October 7 to stay alert in wake of surgical strikes
The malware infection put 3.2 million debit cards at risk, although the loss has been pegged at a relatively minor Rs 1.3 crore by NPCI.
TCS, Infosys in Forbes India 'Super 50' list; Tata Motors, HUL dropped
The list, in its second year, also features 14 newcomers, including Infosys, Maruti Suzuki, Bharat Forge, Alembic Pharma, Gillette India, HDFC Bank, Bajaj Finance, Kansai Nerolac and LIC Housing Finance, among others.
Soon, you can shop on HDFC Bank website; customers to get best deals from Snapdeal, Flipkart, Amazon
HDFC Bank is set to double up as an online shopping mart of sorts, selling grocery, clothes, shoes and other lifestyle products on its website.
ICICI Bank launches app for Apple's iWatch
ICICI Bank has launched an application for iWatch, on expectations that that wearable payment solutions would pick-up soon.
Tie-ups with e-commerce players can help banks deepen reach: PwC-CII report
A day after RBI Deputy Governor H R Khan stressed on the need for collaboration between lenders and rapidly growing e-commerce players, an industry report said such tie-ups can help banks acquire customers.
Banks may not transmit full benefit of RBI's 50 bps rate cut
Deutsche Bank chief economist Taimur Baig and economist Kaushik Das argued in a report that banks are unlikely to match RBI's rate cuts.
CBI summons RIL official, noted CA in documents leak case
The Government has given a go ahead to the agency in plugging all leakages from the government offices and nab all culprits.
IIM Lucknow completes final placements with 144 recruiters making 463 offers to the Batch of 2015
IIM Lucknow has completed placements for its Batch of 2015 with a total of 463 offers being made by 144 recruiters including 43 first-timers.
Ten stocks in focus in Wednesday morning trade
Indian markets are expected to trade in a range. Here is a list of ten stocks which are likely to be in focus in trade today.
Govt banks' profits erode as chiefs worry about NPAs
The sustained focus of new chiefs at state-run banks on cleaning up books has led to steep profit drop, denting investor confidence and widening gap with private peers.
No price correction likely in Mumbai realty market: HDFC
Mortgage major HDFC today said a correction is unlikely in the runaway property prices in the metropolis, where the demand continues to be robust.
DIPP take on indirect FDI to help troubled cos
A record number of companies are headed for corporate debt restructuring because of the economic slowdown, and in some cases conversion of debt into equity.
IIM Shillong's maiden batch gets 100% winter internship
IIM Shillong’s 64-strong maiden batch has witnessed 100% placements for its winter internships, with some 35 companies across sectors making a total of 79 offers to students.
Did Satyam funds evaporate after September 2008?
As per the last audit done by PwC for the quarter ending Sep 2008, Satyam had fixed deposits of over Rs 3,300 crore. Top Accounting scandals | Satyam: Full Coverage
Satyam scam: Govt bailout may fly into web of lies
Satyam is caught up in such a tangled web of falsehood and forgery that govt now finds it difficult to move ahead. Satyam scam | India's top 5 accounting scandals
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