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CNBC TV18

Sebi slaps ₹8 lakh fine on Brightcom Group for violating regulatory norms

In its order, Sebi observed that Brightcom had not submitted its financial results for the quarters ending September 30, 2023, and December 31, 2023. In view of the same, it was alleged that the noticee (Brightcom Group) violated the provisions of disclosure rules.

Mint

Brightcom Group share are up by 4.95%, Nifty up by 0.2%

Brightcom Group Share Price Today : On the last trading day, Brightcom Group's stock opened at ₹9.32 and closed at the same price of ₹9.32. The highest price during the day was also ₹9.32, while the lowest price recorded was ₹9.16.

CNBC TV18

Brightcom Group shares important update on resumption of normal trading

Both BSE and NSE are said to have provided the Brightcom Group with a specific list of actions that need to be completed.

Business Standard

India will require 20X growth in financial services sector with banking playing critical role to achieve an ambitious $30 trillion GDP by 2047

FICCI and IBA in association with BCG released a report titled Banking for a Viksit Bharat at FIBAC 2024. As per the report, India's ambition to achieve a $30 trillion GDP by 2047 will require a 20 times growth in the financial services sector, with banks playing a pivotal role. India, being a predominantly bank-led economy, will require the banking sector to play an anchor role while the other financial asset classes continue to grow much faster. This will require $4 Tn of capital base in banks, 1/3rd of which will have to be fresh capital deployment. India's banking system is in a strong position today characterized by high profitability, robust capital adequacy, and low levels of non-performing assets (NPAs). This provides an ideal launchpad for the Viksit Bharat mission.

Business Standard

The shift: Households turn net borrowers from banks, says BCG report

The report highlighted that unsecured lending as a proportion of GDP in India is as high as it is in the United States

The Economic Times

Financial services sector must grow 20x for India to reach $30 trillion GDP, says report

India aims to achieve a $30 trillion GDP by 2047, requiring significant growth in the financial services sector, especially banks. A report by BCG, FICCI, and Indian Banks’ Association highlights the need for $4 trillion in bank capital and emphasizes financial inclusion, digitization, and emerging technologies as key drivers for this growth.

Business Standard

58% Indians feel burned out, higher than global average: Ficci-BCG report

Contrary to popular belief, burnout is not primarily due to excessive workloads but rather the increasing demands for collaboration and frequent interactions, it added

The Economic Times

AI experts’ sky-high salary demand stumps Indian companies

According to Mark Samlal of San Francisco-based Deel, a payroll and compliance provider, at least 132 companies looking to hire AI talent in India are facing high salary expectations from candidates. Deel currently serves organisations like BCG, Nike, Forever21, Shopify, Klarna, Reddit and BBC Studios. Its 550 employees in India account for over 13% of its global workforce of 4,000.

The Economic Times

Indian lenders lag global peers on cybersecurity spends, BCG says

Indian banks are expected to increase cybersecurity spending due to rising online thefts and frauds. Currently, they spend significantly less on security compared to their global counterparts. The rapid digitalization, driven by the Unified Payments Interface, has unintentionally led to a surge in online frauds, making enhanced cybersecurity essential for maintaining consumer trust.

Mint

Brightcom Group Q2 Results Live: Profit Rises by 9.82% YoY

Brightcom Group Q2 Results Live: Revenue increased by 7.79% YoY & profit increased by 9.82% YoY

Mint

Shankara Building Products, Equitas Small Finance Bank & others hit 52 week low today ;Check the full list here?

Following shares hit their 52 week low today - Shankara Building Products, Equitas Small Finance Bank, Jet Airways (India), GSS Infotech, Brightcom Group

The Economic Times

Big 4’s management consulting arms gain muscle

The management consulting business has been growing 25-30% for all firms in the last two years. At the Big Four, the total number of partners engaged in strategy, operations, and the top end of digital advisory — areas typically dominated by firms like McKinsey, BCG and Bain — stands close to 300, with consultant numbers at 5,500-6,000. However, the varying number of digital consultants each firm adds to management consulting complicates direct comparisons.