KPMG Australia to cut 5% of workforce amid scandal, weak growth outlook KPMG Australia is reducing its workforce by about 5% as the firm continues to deal with the fallout from a scandal involving confidential client information and faces a subdued economic outlook.The cuts will affect 27 partners and about 360 employees, with consulting and … Read more
After two consecutive weeks of declines, Indian equity markets could see some consolidation, with crude oil prices and developments in the US-Iran conflict likely to remain key drivers of market sentiment, analysts said. Siddhartha Khemka, head of research, wealth management, Motilal Oswal Financial Services, said Brent crude prices above $90 a barrel would be closely … Read more
Top stocks to buy in week starting August 24, 2026 Stock market recommendations: Crompton Greaves, and ICICI Prudential AMC- these are the top stocks that have been picked by Motilal Oswal Wealth Management Research Desk as stock recommendations for the week starting August 24, 2026: Stock Name CMP (Rs) Target (Rs) Upside (%) Crompton Greaves … Read more
Oil prices slip over $1 per barrel Oil prices eased more than $1 a barrel on Monday as investors booked profits ahead of a US announcement on new sanctions against Iran, with markets weighing the possibility of further disruption to Middle Eastern supplies.Brent crude declined 1.90% to $92.60 a barrel while WTI crude fell 1.96% … Read more
Shriram Finance sees strong CV demand despite price hikes, while EV financing jumps fivefold to Rs 250 crore monthly MUMBAI: Price hikes in commercial vehicles are unlikely to dent demand, according to Shriram Finance (SFL), the largest financier of CVs, in the wake of commodity inflation-driven price hikes.SFL is also seeing a surge in electric … Read more
Centre appoints Annie George Mathew, Janmejaya Sinha and Syed Akbaruddin as part-time directors on RBI’s central board MUMBAI: The Centre has appointed former finance ministry special secretary Annie George Mathew, Boston Consulting Group India chairman Janmejaya Kumar Sinha and former diplomat Syed Akbaruddin as part-time, non-official directors on RBI’s central board for four years.The appointments … Read more
FPIs pour Rs 23,544 crore into Indian equities in August as earnings recovery and rupee stability boost investor sentiment NEW DELHI: Foreign Portfolio Investors (FPIs) have accelerated buying in Indian equities this month, infusing Rs 23,544 crore so far as improving quarterly earnings, a stable rupee and better market prospects lift sentiment.The inflow comes after … Read more
HSBC India CEO Hitendra Dave says the bank is doubling down on affluent banking, while eyeing growth in wealth management, digital services and cross-border offerings MUMBAI: HSBC has been in India since 1853 and has maintained the most consistent retail presence among global banks. Its Indian operations have doubled pre-tax profits in four years, making … Read more
India steps up Latin America outreach, with Chile trade pact talks and engagements with Argentina, Brazil NEW DELHI: Amid the global turbulence, govt is stepping up its engagement with Latin America, seeking to diversify its trade basket with talks with Chile scheduled for later this week to finalise a comprehensive trade treaty.Commerce secretary Rajesh Agrawal … Read more
India’s affluent consumer base is projected to surge from 2.6 crore in 2026 to 10.8 crore by 2036 BENGALURU: India is projected to have 10.8 crore affluent consumers by 2036, marginally surpassing China’s 10.3 crore, according to the latest report by NielsenIQ (NIQ) and World Data Lab.The report defines affluent consumers as people spending more … Read more