Digital Payments Driving the Growth Engine of the Digital Economy
The digital economy refers to economic activity enabled by billions of daily online interactions among people, businesses, devices, data, and processes. It is growing at a phenomenal pace. Annual smartphone shipments have more than doubled since 2010, reaching 1.2 billion in 2023. Meanwhile, Internet of Things (IoT) devices are projected...
Transform Your Workplace with Effective Retention Strategies
A comprehensive people strategy is not comprehensive if it doesn’t include a proven retention strategy. Retention is a big challenge for HR managers in today’s work environment. Talent benchmarking and retention strategies are the most important functions for the modern-day HR department.Key TakeawaysA people strategy is incomplete without a retention...
Changing landscape of customer experience in banks
Customer experience in banking has assumed importance, especially after the advent of digitisation and artificial intelligence (AI). In the Indian context, one of the banks that adopted customer experience as a business strategy and derived significant benefits is ICICI Bank. This article briefly narrates the journey of ICICI Bank in...
ESG Ratings and Scores A Guide to Corporate Sustainability
ESG—Environmental, Social, and Governance—has become more than just a buzzword. It’s a guiding framework for companies that want to demonstrate their commitment to sustainability, ethical practices, and responsible governance.One of the critical tools in this movement is the ESG rating, or ESG score, which helps stakeholders assess a company’s performance...
Major Corporate Frauds in the USA & India: Lessons for Businesses & Investors
Corporate governance is one of the most important legislative domains of a business organisation, which has an impact on its profitability, growth, and even sustainability of business. As business circumstances vary, the investors differ with respect to incentives, risk attitude, and different incentive strategies. The outcome of this process emerges...
Must-Know Corporate Frauds & Reporting Structures in India and the USA
Corporate fraud is a worldwide scenario that affects all countries and all sectors of the economy. Corporate fraud includes a wide range of illegal acts and illegitimate practices involving misrepresentation and intentional deception.The first initiative that the US government has taken was the passing of the Foreign Corrupt Practices Act...
The Ripple Effect of ESG: How Environmental, Social, and Governance Standards Shape Our Future
Picture a world where companies operate solely with profit in mind, ignoring the long-term impact of their actions. Factories spew pollution into the air without restraint, oceans fill with plastic waste, and employees work long hours in unsafe conditions. There’s no regulation, no accountability, and no thought given to the...
From Sustainability to Governance: How ESG Impacts Corporate Operations
ESG—Environmental, Social, and Governance—has emerged as a critical framework guiding companies toward responsible and sustainable operations. As ESG continues to gain prominence, organisations are finding themselves under increased scrutiny from investors, regulators, customers, and employees, all of whom are demanding higher standards in how businesses manage their environmental impact, social...
Empowering Rural West Bengal: The Role of SHGs and AITD in Fostering Women Entrepreneurship
In the vibrant landscape of rural West Bengal, a transformative journey unfolds. As the team leader of the State Rural Livelihood Mission (SRLM) project, I, along with my dedicated team at the Amity Institute of Training and Development (AITD), have witnessed firsthand the power of women's collective action in driving...
How Technology Supports Media Transformation
The media and entertainment industry faces huge challenges to adapt. Platform companies that offer media services are leading the disruption and forcing traditional media companies to either become like them or join them.Technology adoptions are costly, and consumers demand more. It is a race to diversify beyond traditional and existing...
The Rise of Monoclonal Antibodies in Biopharmaceuticals
Introduction: From Innovation to Industry Game-ChangerSince the approval of muromonab-CD3 (trade name Orthoclone OKT3, marketed by Janssen-Cilag) for the prevention of kidney transplant rejection in 1986, therapeutic MAbs have grown to become the dominant product class within the biopharmaceutical market.The rate of approvals and marketing has grown exponentially, and in...
Diversity and Inclusion in the Workplace: Strategies for Success
Understanding DiversityThe word diversity derives from the Latin root diversus, meaning various, which means so many. As I write so many, we can remember so many trees, so many ice cream flavours, so many types of clothes, or, in this case, so many types of people working in the same...