Business Reports

  Digitalization has become a transformative force within the oil and gas industry , revolutionizing operations and unlocking new opportunities for efficiency, safety, and sustainability. The majority of digital solutions currently in the market are aimed at reducing the industry’s operating costs, which were about $2.3 trillion in 2016. O & G companies must seize the opportunity to become digitally compliant. Through the integration of cybersecurity and digital culture at the core, the O&G industries can proliferate the prospective value for seismic exploration, development drilling & production segments.  Latest Trends in Oil & Gas Industry In 2023, the oil and gas industry is witnessing a new wave of transformative trends and innovations reshaping the landscape. Companies can adopt digital technologies and automate the exploration and adoption of digital technologies and automate the value chain. The digital transformation enables real-time data monitoring, predicti

Integrating cybersecurity into your business strategy is no longer a choice but a necessity in today's digital landscape. Large-scale cyber attacks are arising at an alarming speed. Due to technological evolution, cybercriminals can get into your security system and make your business an easy target. The worst case scenario can be a data breach, data loss and tampering of data that can harm brands and attract regulatory penalties and require compensation for affected customers. These repercussions can result in significant financial losses, tarnished reputation, and dissatisfied customers.  The cybersecurity landscape is constantly changing, organizations must recognize the importance of safeguarding their digital assets and protecting against cyber threats to ensure long-term success and mitigate potential risks. Cybersecurity Planning for Businesses must be made to ensure that people, processes, and technology can together work on protecting the digital assets from the malpractic

In an acquisition, one company buys another company and becomes the new owner of the acquired company, absorbing its assets, liabilities, and operations. In contrast, a merger involves two companies of approximately the same size coming together to form a new, single entity, with shared ownership and control over the merged business. In a merger, the companies typically pool their resources and expertise to create a stronger, more competitive organization. Mergers & Acquisitions In India In recent years, India has witnessed a significant surge in mergers and acquisitions (M&A) deals across various industries. The trend of inorganic growth through M&A has become increasingly popular among Indian companies as it provides them with an opportunity to expand their market share, diversify their business operations, and gain access to new technologies and resources. Companies are using mergers and  acquisitions as a growth strategy  to expand into new markets. Recent mergers and a

  The role of  internal audit in ESG  (Environmental, Social, and Governance) is becoming increasingly important as companies in India are at different stages of ESG adoption. While larger multinational corporations have integrated ESG requirements into their audit plans, smaller companies are still new to ESG standards and frameworks.  In India, ESG is currently viewed more as a regulatory obligation rather than a corporate responsibility towards the environment and society. However, ESG reporting is expected to become more widespread across larger businesses soon. Regulators, investors, customers, third-party affiliates, and society are placing greater emphasis on ESG performance. By implementing effective ESG strategies, companies can enjoy several benefits, such as improved access to capital, talent, and business opportunities.  Challenges Faced For Internal Audit ESG Internal audit  functions that are embarking on their ESG journey face several challenges, including the following:

Due to advancements in technology and the rapid change in the Indian finance sector, the future of fintech industry has also changed rapidly. Therefore, it has resulted in changing the habits and behaviors of the sector.  In recent years, fintech has substantially impacted people's lives. It offers convenience, security, and flexibility. Moreover, online banking allows people to access their financial information anytime, anywhere, and make transactions securely. It has also made it easier for people to manage their finances, allowing them to track their spending and make better decisions. Also, with the fast-evolving future of fintech, online banking has made people's lives easier and more secure. Financial technology, also known as fintech, is a term that describes the process of making financial services available online. There are a number of innovative features included in the innovative concept to improve the future of fintech, which includes everything from mobile bankin

The Union Budget 2023: Pre Budget Survey is an important exercise for the Government of India to understand the public’s opinion on the budget. This survey will help the government formulate policies and make decisions that are in sync with the public’s expectations. It will also provide insights into areas where people feel more investment is needed, and what kind of investment is expected from the government. The pre budget survey aims to capture public opinion on various aspects of taxation, subsidies, investments, infrastructure development, and other issues related to the Union Budget 2023. Additionally, there is a need to reform the Indian tax system in order to make it more equitable and efficient. The Union budget survey also revealed that respondents wanted to see increased investment in infrastructure, as well as more focus on agricultural reforms, which could help to strengthen the rural economy.  Finally, the budget survey showed that people want to see greater transparency

There is no doubt that the healthcare industry is one of the most lucrative and competitive industries in the world. Considering the number of health-related companies vying for market share, it's not surprising that they are implementing cutting-edge technologies to stay competitive. In this write-up, we have discussed how digital transformation will be helpful for life science consulting. Working within a highly-regulated company, most health sciences companies have yet to reap all of the benefits of their digital transformation. Hence, in order to remain cut-throat, life sciences businesses need to design, implement and upgrade their digital strategy and employ emerging digital technologies. The life sciences sector focuses on analysis and innovation that promotes healthcare. From pharmaceutical care to biotech, this area includes numerous intriguing positions each aiming to significantly affect the way we live. Therefore, to continue making the sector more interesting, it is ex