Interviews Financial News

AI and technology-led disruption, which naturally makes the hiring process more rigorous."This scrutiny has introduced new hurdles for candidates, including psychometric testing. Once reserved for the top rung, these assessments are now standard for middle management.Peer-level reviews are in too."Peer group evaluations are now done in seven out of 10 mandates at the middle and senior levels," says Pranshu Upadhyay, regional director at Michael Page India.

New Delhi: Companies must recognize the impact of the new labour codes in their December-quarter profit and loss statements, even as a new financial reporting format and lower compliance requirements for unlisted subsidiaries are in the pipeline, according to the head of the accounting profession’s self-regulator.Businesses are required to reflect any additional gratuity liability arising from the labour codes upfront in their December-quarter results, Charanjot Singh Nanda, president of the Institute of Chartered Accountants of India (ICAI), said in an interview, citing a guidance note issued by the accounting rule-maker.The labour codes mandate that at least 50% of an employee's total remuneration must be treated as wages, the basis for gratuity calculation. This is expected to increase gratuity and leave benefit liabilities for many employers who currently compute gratuity on a smaller base because of allowances accounting for a larger share.The guidance note, reviewed by Mint, says that any increase in gratuity liability due to application of the new labour codes is ‘past service cost’ as it results in benefits payable.

Subscribe to enjoy similar stories. Treasury Secretary Scott Bessent is on the precipice of what may be the defining event of his government career. President Donald Trump has said he will choose the next chair of the Federal Reserve by early January.

Subscribe to enjoy similar stories. Cleveland Fed President Beth Hammack said she doesn’t see any need to change interest rates for several months after the central bank cut rates at its last three meetings.

Subscribe to enjoy similar stories. Mumbai: In early December, fast-food chain McDonald’s released a Christmas Special advertisement, just like many brands do during this time of the year. While most brands seek to evoke warm, festive cheer among their target customers, the Big Mac maker made an unconventional choice.

Subscribe to enjoy similar stories. White House chief of staff Susie Wiles is often designated by President Trump to fix problems. She spent part of Tuesday managing the fallout of a rare headache she created.

Mint in an interview that the company, which currently holds nearly 10% market share in the Indian smart metering space, aims to double its share in the next three to five years.Khaitan did not give a timeline for its public listing plans, but emphasized that the company is well-capitalized for expansion. “We are certainly looking at hitting the public markets.

Subscribe to enjoy similar stories. President Donald Trump’s search for the next Federal Reserve chair is stretching into the new year, and the way the race is unfolding is offering investors an early look at what matters most to the White House and what questions the president is asking candidates. Treasury Secretary Scott Bessent said Tuesday that a decision on the next Fed chair is unlikely before January, even as Trump interviews candidates and publicly signals frustration with the central bank’s direction.

Subscribe to enjoy similar stories. Mumbai: Foreign banks might have "lost the plot" about two decades ago to make it big in India, losing ground to local private banks, but HSBC India's chief executive, Hitendra Dave, now wants to use a recent approval to open new branches to regain some of that ground. In January, the bank got a Reserve Bank of India (RBI) go-ahead to open 20 branches across cities such as Lucknow, Amritsar, Bhopal, Bhubaneswar, and Dehradun among others.

Subscribe to enjoy similar stories. Snabbit, an on-demand home services provider, is in talks to raise $100 million-120 million from new and existing investors at a likely valuation of $500 million-550 million, three people with knowledge of the development said. “The company has begun talks to raise a new funding round.

Subscribe to enjoy similar stories. NEW DELHI : After more than four decades at Wipro, Vineet Agrawal is preparing to retire next month as chief executive officer of Wipro Consumer Care & Lighting and managing director of Wipro Enterprises. As he does, Agrawal is clear-eyed about the challenge ahead for the homegrown FMCG business: it remains a “fairly small" player and must grow across multiple categories to scale faster.

Subscribe to enjoy similar stories. New Delhi: Oil companies must ramp up investment in exploration and production to meet future demand, Prasanna V. Joshi, a senior ExxonMobil executive, said, while cautioning that output increases by the Organization of Petroleum Exporting Countries (Opec) could lead to a near-term glut.

Subscribe to enjoy similar stories. MUMBAI : ArcelorMittal Nippon Steel India Ltd (AMNS India) has set an ambitious expansion roadmap for the rest of the decade, targeting 25-26 million tonnes of steelmaking capacity by 2030, its chief executive Dilip Oommen said in an interview. “By 2030, we will have at least 25-26 million tonnes.

Subscribe to enjoy similar stories. WASHINGTON : President Trump conveyed uncertainty about whether Republicans would maintain control of the House in next year’s midterm elections because some of his economic policies have yet to take full effect. During an interview with The Wall Street Journal on Friday in the Oval Office, the president touted his efforts to secure multibillion-dollar investments in the U.S., arguing that the money will help transform the American economy.

Subscribe to enjoy similar stories. For two years, Curtis “50 Cent" Jackson oversaw work on a documentary about a hip-hop rival he has personally trolled on the internet for even longer. His efforts paid off: “Sean Combs: The Reckoning," a four-part series executive-produced by Jackson, has been perched at No.

Subscribe to enjoy similar stories. One of the highlights of 2025 has been the entry of more niche fashion and luxury brands into India. Whether it’s crystal maker Baccarat or elevated ready-to-wear COS, shopping options for the Indian consumer have grown widely this year.

Subscribe to enjoy similar stories. After a two-year hiatus in India, the world's biggest technology investor is on the move again. Masayoshi Son-led SoftBank is now examining Indian startups pursuing artificial intelligence (AI), the technology world's sunrise sector.

Subscribe to enjoy similar stories. Jerome Powell pushed through a rate cut Wednesday over the broadest reservations of his nearly eight-year tenure, and in doing so, implicitly delivered a pointed message to President Trump and his own successor: Cutting rates is harder than it looks. The decision drew three dissents—two from officials who opposed any cut and one from a Trump ally who wanted a larger reduction.

Subscribe to enjoy similar stories. MUMBAI : Fresh from its success of recently-listed Pinelabs, Groww and Meesho, their funder and one of India's top venture capital fund Peak XV believes the speed of value creation in India is likely to be much faster in the coming decade than it was in the past, its managing director Mohit Bhatnagar said in an interview. The firm wants to double down on bets in consumer, fintech and software sectors even while scouting for opportunities in sunrise sectors such as space tech, precision manufacturing, and semiconductors.

Subscribe to enjoy similar stories. MUMBAI: SMFG India Credit has entered a reset moment. Months after its leadership change and the parent’s deeper push into Indian financial services, the non-bank financier's new chief Ravi Narayanan has made one thing clear: before growth or product expansion, the house must be put firmly in order.

Subscribe to enjoy similar stories. NEW DELHI : Larsen & Toubro Ltd. aims to establish a sovereign cloud as part of its initiative to build data centres in the country, becoming the third homegrown company after Tata Consultancy Services Ltd and Bharti Airtel Ltd.