Page 2 - Mckinsey & Company

Wealth of prosperous Asians to reach $4.7 trillion by 2026: McKinsey report

A McKinsey analysis has revealed that the wealth pool of this group is projected to hit $4.7 trillion by 2026, up from $2.7 trillion in 2021, thanks to the rise in their incomes

McKinsey lists 10 steps to decarbonise India while pursuing economic growth

India emits a net 2.9 gigatons of carbon-dioxide equivalent every year, third-largest globally, as of 2019, according to a report recently released by McKinsey Sustainability

India can accelerate green investments to $12.1 trillion by 2050

India can accelerate green investments to USD 12.1 trillion by 2050 and reap a host of benefits, a consultancy firm said on Thursday. With the ongoing rate, India's net Green House Gas (GHG) emissions will rise to 11.8 gigatons of carbon dioxide equivalent by 2070 from the 2.9 gigatons in 2019, Mckinsey & Co said in a report. However, India has the potential to create 287 gigatons of carbon space for the world if it accelerates its efforts to fight climate change, the report said, adding that this amounts to almost half of the global carbon budget for an even chance at limiting warming to 1.5 degree celsius. "India's decarbonisation will require an estimated USD 12.1 trillion (5.9 per cent of GDP) of green investments until 2050 for the 'accelerated' scenario," it said. India has committed to net zero emissions by 2070. As per earlier estimates, the shift to net zero by 2070 will require USD 10 trillion worth investments. Mckinsey said there are tailwinds which would be of help to

Why women in leadership roles are quitting at faster rate than ever

For every woman at the director level who gets promoted, two female directors are choosing to leave their company, according to a new McKinsey & Co. and LeanIn.org report

Indian-origin partner at McKinsey arrested; charged with insider-trading

Puneet Dikshit, a 40-year-old Indian-origin partner at management consulting giant, McKinsey & Company, has been arrested and charged with insider-trading and making illegal profits totalling over USD 450,000 in the US. Dikshit, a partner at a global management consulting firm, has been charged with "illegally trading in advance of a corporate acquisition by one of the firm's clients in September," the Securities and Exchange Commission (SEC) said in a statement on Wednesday. Dikshit, who was arrested on Wednesday and charged with two counts of securities fraud - violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder faces up to 20 years in prison on each count, the Department of Justice said in a press release. Representing McKinsey as partner, Dikshit learned highly confidential information concerning The Goldman Sachs Group's impending acquisition of the consumer loan fintech platform GreenSky Inc, the SEC statement said. The SEC's complaint, .

Number of PE deals in India rose 60% over last 5 yrs: McKinsey's Akash Lal

In a Q&A, the Senior Partner at the Consultancy firm also says banks will need to increase productivity by 25%-30% to reach pre-Covid levels of profitability

Hollywood embracing diversity could boost revenue by $10 billion

Black-led projects have been un­derfunded and undervalued, despite often providing a better return on investment, McKinsey & Co said in a report on Thursday

The future of technology services: Talent war to intensify for Digital 2.0

A report released by NASSCOM and McKinsey & Company highlights the tectonic shifts in the technology services landscape which will play out in the next three to five years

Power-packed jury to pick winners of BS Corporate Excellence awards today

Aditya Birla Group Chairman Kumar Mangalam Birla is the chairman of the seven-member jury

JP Morgan's new chairman, Leo Puri, could be the Mr Dependable they need

His former colleagues say that he is a patient listener and participant, even if he does not agree with the views.

McKinsey emerges as top recruiter in IIM Ahmedabad's final placements

Including pre-placement offers (PPOs), McKinsey extended a total 27 offers, followed by 23 offers by The Boston Consulting Group (BCG)

From a consultant to Alphabet CEO: A look at Sundar Pichai's meteoric rise

Pichai took over Android business from that group's founder, Andy Rubin, managing the market leading smartphone operating system globally

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

IIM-A kicks off summer placements, BCG top recruiter in 'Cluster 1'

In the investment banking & markets cohort, HSBC was the highest recruiter, extending eight offers

McKinsey & Company faces a perilous fight in a Texas bankruptcy case

This case, which involves the bankruptcy of Colorado's Westmoreland Coal, Alix has a powerful ally: the United States Justice Department