City Top Financial News

A host of financial services leaders have made it onto the government's New Year Honours List for 2023.

Bengaluru edged out Chennai as India’s top city for women, according to the third edition of the ‘Top Cities for Women in India’ (TCWI) report released by workplace culture consulting firm, The Avtar Group.

HR and payroll company ADP ranked cities across the country. The rankings were based on three things that make a strong labor market: annual pay growth, new hire wages, and the hiring rate.

Pakistan Army on Monday took former General and former Inter-Services Intelligence (ISI) chief Faiz Hameed into military custody and initiated court martial proceedings against him, said the army's media wing. This move follows a detailed inquiry mandated by the Supreme Court of Pakistan to investigate allegations made in the Top City Case. This is the first time in Pakistan's history that a court martial has been initiated against a former intelligence chief, local media said. According to a statement from the Inter Services Public Relations (ISPR), the military has acted on the findings of the inquiry to address the complaints against Lt Gen Faiz Hameed (Retd). The court martial proceedings are being conducted under the provisions of the Pakistan Army Act.

travel and tourism sector is all set to add 5.82 crore jobs across the country by 2033, a top executive of global technology and digital talent solutions provider NLB Services said on Monday. «The growing synergy of the sector has led to steadfast employment generation across the country both in tier I and II locations. In the pandemic year 2020, the tourism sector accounted for 39 million jobs, constituting 8 per cent of the nation's total workforce. Post the pandemic recovery tenure, this was one of the sectors that saw the quickest recovery,» NLB Services CEO Sachin Alug said in a statement. Incidentally, talent demand in tourism recorded a 44 per cent spike in August 2023, and 1.6 million additional jobs were expected to be added in the calendar year 2023, he said.

Career enablers such as flexi-timing and remote working play a crucial role in women’s workforce participation, a study by leading diversity, equity, and inclusion (DEI) solutions company Avtar group has said. However, workplace enablers extended by employees alone cannot ensure women’s sustained employment; it requires significant investment from the city and state, as per the second edition of ‘Top Cities for Women in India (TCWI)’ index. The index ranks Chennai, Bengaluru, Pune, Mumbai, and Hyderabad as the top five cities for women in India. The scores are based on three parameters – social inclusion, industrial/workplace inclusion, and citizen experience (safety, etc).

The influential City lawyer who spearheaded a review of the UK’s investment research rules says her reforms won't be “a silver bullet”, and will need to work alongside other initiatives to bolster London's capital markets.

A battle for top London lawyers, fuelled by the gravy train of private equity fees and competition from US law firms, has pushed pay above $10m for more City specialists than ever before.

The government has appointed a top City lawyer to chair a review into how London can remain a top destination for stock market listings through changes to investment research rules.

After a hiring frenzy for senior dealmakers in 2021, banks are wielding the axe again.

One of London’s top litigation lawyers has been rebuked by the solicitors’s regulator following a conviction for dangerous driving.