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Banks must act now or risk becoming a 'footnote', cautions McKinsey

Banks allocate just 35% of their information-technology budgets to innovation, while fintechs spend more than 70%, McKinsey said

Trump Tower builder in Mumbai dumps luxury for cheap homes as India slows

Macrotech Developers will cut the share of premium housing from its portfolio to about 17 per cent from 30 per cent, said MD Abhishek Lodha

Whistleblower crisis: Infosys may need some private time to fix itself

It might not be a bad idea for a buyout fund to step in and take Infosys out of the glare of the public markets

Britain to remain economically reliant on foreign workers for decades

Even if it succeeds in eventually extricating itself from the EU, the UK can ill-afford to raise the drawbridge to overseas workers

Reducing taxes to boost investments is a myth, says Abhijit Banerjee

Countries from China to India to Indonesia are slashing taxes for businesses to spur growth amid a gloomy outlook for global economic expansion

US equity futures rise, dollar continues to weaken against major peers

The pound fluctuated close to its strongest level since May

A long list of economic problems await Hong Kong. How they can be fixed

Many in the city question the political will of Hong Kong's government officials to take bold, aggressive action in a range of policy areas

India International Exchange plans to waive fee to lure rupee trade home

Rupee trading onshore has been shrinking at the expense of offshore market, with volumes in London topping those in India's financial capital Mumbai

SoftBank Group in talks for $5-billion rescue financing for WeWork

The funds will come directly from SoftBank, rather than its Vision Fund, according to a person familiar with the matter

Tata won't sell Jaguar Land Rover, open to adding partners: Chandrasekaran

Tata Motors bought the maker of the Jaguar XE sedan and Land Rover Discovery sport utility vehicle from Ford Motor Co. in 2008

Saudi Aramco set to pay up to $450 million in fees to IPO advisers

Investment bankers from around the world have been pitching for years to win a coveted role on Aramco's IPO

India's tech renaissance: PhonePe, Paytm could be the next TCS, Infosys

Hopefully the momentum at both PhonePe and Paytm will spur more Indian entrepreneurship, feeding a rebirth in India's tech sector not seen since the IT-outsourcing boom two decades ago

Huawei woos Indian telcos with 5G tech as govt sits on US calls for boycott

The world's largest maker of components for 5G networks said it's continuing to invest in India and working with the government to counter US allegations

Will govt meet its fiscal deficit target? Bond traders are too skeptical

The central bank in August already approved a record Rs 1.76 trillion ($24.4 billion) payout to the government

Jain Irrigation Systems cut to 'selective default' by S&P Global Ratings

The company missed certain principal payments under its working capital facilities and S&P sees a "high likelihood" that the firm would be classified as a nonperforming asset by its bankers

Economics Nobel celebrates laureates for asking the right questions

The Nobel Prize just awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer is the second in five years to be won by development economists

Govt plans to train women across villages to combat water crisis

Inadequate water supply, sanitation and hygiene cost India around 0.8 per cent of its gross domestic product, according to the World Bank

Economics is changing: A Nobel for 3 pragmatic poverty-fighters shows that

A popular conception of economists is that they're the high priests of the free market, downplaying the role of government and giving short shrift to the needs of society's poorest

Can paying poor nations to admit refugees solve the mass migration puzzle?

The deeper analysis of why immigration policy is so hard to fix deserves close attention

Johnson's Brexit hangs with a thread as European Union seeks more time

With 17 days before the UK is due to leave the EU, Johnson repeatedly pledged to "get Brexit done," as he spoke in Parliament on Monday