Mckinsey

What a fall for WPP as it turns to McKinsey for strategic guidance

The ad giant's slump, shareholder anger, and talk of a Havas-led bid have pushed WPP into a high-stakes reset that could reshape the global advertising industry

Crisil to acquire McKinsey PriceMetrix to expand wealth management insights

Crisil, an S&P Global Company, announced the acquisition of McKinsey PriceMetrix Co. (PriceMetrix), a leading provider of performance benchmarking and data-driven insights for the wealth management industry. PriceMetrix, based in Toronto, serves leading wealth management firms in the US and Canada. Its proprietary database covers USD 8 trillion in assets under management and 30 million investment accounts, backed by 25 years of data, rating agency Crisil said in a statement. The acquisition includes key products such as ValueOne, FeeCheck, CommissionCheck, SignalOne, advisory services, and comprehensive surveys of the North American wealth management sector, it said. This planned acquisition aligns with Crisil's strategy to scale in wealth management and extend sector benchmarking capabilities to large global banks, traditional wealth managers, and registered investment advisors (RIAs), it said. With this acquisition, Crisil strengthens its position as a leading provider of ...

This US firm is doubling down on entry level jobs in AI era: Here's why

McKinsey expects 15-20% growth in non-partner staff over five years, with 12% more hires in 2026

Emami Agrotech enters branded staples market, targets ₹2K cr in 5 years

Emami Agrotech enters the ₹80,000 crore branded staples market with products like chakki atta, maida, and suji, targeting ₹2,000 crore in sales within 3-5 years

Trump policies driving firms to explore markets beyond US: McKinsey chief

To counteract the impact of tariffs, McKinsey is increasingly working with clients to cut costs, adopt more 'frugality' when it comes to capital expenditures

ONDC to help digital commerce grow fivefold by 2030: McKinsey & Company

Digital commerce in electronics and durables is expected to grow three times from $24-26 billion in 2022 to $70-72 billion in 2030

With AI in focus, the next decade is about 'value realisation': McKinsey

Additionally, if the tariff threat made by US President Donald Trump becomes a reality, that too will have an impact on the industry

40% of Indian farmers now paying electronically, says McKinsey survey

But they're still relying on traditional farming methods, says McKinsey survey

McKinsey agrees to pay $650 mn for helping Purdue Pharma boost opioid sales

McKinsey & Company consulting firm has agreed to pay USD 650 million to settle a federal investigation into its work to help opioids manufacturer Purdue Pharma boost the sales of the highly addictive drug OxyContin, according to court papers filed in Virginia on Friday. As part of the deal with the US Justice Department, McKinsey will avoid prosecution on criminal charges if it pays the sum and follows certain conditions for five years, including ceasing any work on the sale, marketing or promotion of controlled substances. A former McKinsey senior partner, Martin Elling, has also agreed to plead guilty to obstruction of justice for deleting documents from his laptop after he became aware of investigations into Purdue Pharma, the maker of OxyContin that was then a client, according to the filings. A lawyer for Elling declined to comment Friday. McKinsey said in a statement on Friday that it's deeply sorry for its work for Purdue Pharma. We should have appreciated the harm opioids .

McKinsey to cut 500 jobs in China, reducing ties with govt-linked clients

McKinsey's employee restructuring is aimed at separating its China unit from its global operations amid political pressure in the US over its work in Saudi Arabia and China

Kedaara Capital breaks mold for Indian PE firms with record capital raise

Kedaara Capital has raised a record $1.7 billion to put it on par with the deep-pocketed global players that have dominated the space for years

MSMEs contribute 62% to employment in India: McKinsey Global Institute

MSMEs in India are only 26 per cent as productive as large companies, in other emerging economies it is 29 per cent

Job cuts: McKinsey offering some staff nine months' pay to leave firm

McKinsey and its peers in the consulting world have trimmed headcount, delayed start dates and slowed the pace of hiring over the past year amid declining demand from clients

Generative AI will be disappointing in the short term, says Noshir Kaka

Noshir Kaka, Senior Partner and Co-lead of global Technology, Media & Telecommunications Practice, McKinsey & Company, says that GenerativeAI (GenAI) is like a double-edged sword

Half a century on, Emami group to identify new sectors for growth

In the last 50 years, it has traversed the journey from a start-up cosmetics company with four products to more than 500 across a Rs 30,000 crore group with diverse business interests

Algo rhythm: Digital spells money for India's BFSI companies, says report

The cost of acquiring customers through digital channels is 70 per cent cheaper, says the Google and McKinsey report

Top headlines: India's outward FDI shrinks, HCL Tech to acquire ASAP group

Business Standard brings you the top headlines at this hour

Remote work to wipe out $800 billion from office values, says McKinsey

Covid-19's push toward hybrid work has driven the need for office space down with vacancy rates rising, McKinsey Global Institute said Thursday in a report

Knowledge workers biggest losers of generative AI boom, says McKinsey

Generative AI will give humans a new "superpower", and the economy a much-needed productivity injection, said McKinsey report

McKinsey to kickstart layoffs this week, 1,400 jobs cuts likely: Bloomberg

Overall layoffs will amount to 3% of the workforce. According to Bloomberg, the company's workforce has risen to nearly 47,000 from 28,000 in the past five years. It was around 17,000 in 2012