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MCKINSEY SETTLEMENT
Banks need to act fast as customers turn to AI for stock picks and savings yields: McKinsey & CompanyCustomers are embracing generative AI at an unprecedented pace. This rapid adoption is outpacing traditional technologies, leaving banks wi...- Will stablecoins replace Visa and Mastercard? $719 trillion forecast signals major shift in global payments by 2035Stablecoin forecast 2035 explained: Stablecoin transactions could hit $719 trillion by 2035. This surge is fueled by younger generations em...
- Peak XV Partners leads $48 million round in Dubai-based spend management startup AlaanAlaan, founded by Indian-origin Parthi Duraisamy and Karen Kurien, caters to the West Asia market. The founders of 885 Capital — Sudeep Ram...
- "Read through the noise": Investors try to keep pace with AIA large amount of venture capital has been invested in companies developing large language models (LLMs), which power AI tools like ChatGPT...
- Consulting firm McKinsey to pay $650 million to resolve US criminal opioid probeMcKinsey & Co. agreed to a $650 million settlement with the DOJ, resolving a criminal investigation into their role in advising Purdue Phar...
- Google files complaint to EU over Microsoft cloud practicesGoogle pointed to a 2023 study by cloud services organisation CISPE which found that European businesses and public sector bodies were payi...
- McKinsey faces US criminal probe over opioids work, sources sayThe probe is focused on whether McKinsey engaged in a criminal conspiracy when advising Purdue and other pharmaceutical manufacturers on ma...
- McKinsey to pay $230 mn in latest US opioid settlementConsulting firm McKinsey & Co has agreed to pay $230 million in its latest settlement to resolve lawsuits alleging it fueled a US opioid ep...
- Plotch ties up with IDFC First Bank to bring dedicated payment solution to ONDCPlotch is a leader in ONDC enablement and has built-in technology support for businesses to launch their ecommerce buyer or seller app node...
- Razorpay announces integration with government-backed ONDCThe Bengaluru-based payments solution startup said it will provide payment reconciliation services to network participants such as buyers, ...
- McKinsey & Co to pay $550m over role in opioid crisisMcKinsey suggested ways to “turbocharge” sales of Purdue’s OxyContin painkiller at a time when the legal market for the opioid-based medici...
- Ten ways coronavirus has changed the world economyHere is an overview of some of the transformations.
- Freed Saudis resurface billions poorer after Prince’s crackdownAn anti-corruption commission headed by the crown prince said a total of about $107 billion — a mix of cash, real estate, companies and sec...
- Few takers for government-backed property titlesA collection of digital titles, called urban property ownership record (UPOR), is already in place for Mysuru and Mangaluru.
- Walmart gelling with Narendra Modi government, dumps multi-brand retail FDI plansWalmart Stores Inc will no longer bat for multi-brand retail FDI and only concentrate on growing its existing wholesale cash-and-carry busi...
- Appeals court upholds ex-Goldman director Rajat Gupta's insider trading convictionA federal appeals court rejected a bid by former Goldman Sachs Group Inc director Rajat Gupta to overturn his insider trading conviction.
- India: From Poverty to EmpowermentMGI has created the Empowerment Line, a new measure of the consumption required for an average Indian to fulfil eight basic needs: food, en...
- Despite our size, Cognizant is $8 bn startup; nimble & agile, says Sridhar Thiruvengadam, COOIn two decades since inception, Nasdaq-listed Cognizant has outshone Wipro & Infy.The NJ-headquartered firm is now inching up to TCS.
- Rajaratnam indicted in insider tradingA Federal grand jury formally indicted Raj Rajaratnam and Danielle Chiesi on Tuesday, accusing the billionaire founder of the Galleon Group...
- McKinsey files wind-up pleas against RIL and RCOMGlobal consultancy firm McKinsey & Company has filed two separate petitions against (RIL) and (RCOM) for non-payment of dues worth Rs 27 cr...
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