A rundown of the five most important, popular and interesting stories on ET Prime this week.

Of the 150 middle- to senior-level moves in investment banks in the last six months, about 52% left the sector to join other domains, show exclusive data from executive search firm Native.

Small companies are not required to include cash flow statements in their financial reports, need hold only two board meetings a year as opposed to at least four for others, and do not have to rotate auditors every five years.

Working from home is now a permanent option for half (50%) of the job seekers in India, according to the VOIS study. Without a regular daily commute, 46% of men and women surveyed in India believe their family relationships have improved, with 42% saying they spend a greater amount of time in nature. 40% say they exercise more and eat a healthier diet.

Adani Group chairman Gautam Adani, who is now the wealthiest India, also pipped Bernard Arnault and Jeff Bezos to become the second richest person in the world on Friday, behind only Tesla co-founder and CEO Elon Musk, according to Forbes.

Little Genius Toys Pvt Ltd CEO Naresh Kumar Gautam said although support measures announced by the government are helping the industry, the PLI scheme and a council would give further impetus as it holds huge potential for creation of jobs.

“India is at the core of IBM’s growth strategy both for clients and for talent. We are clearly making things in India not just for India but for the world, and build a lot of software in India,” Tom Rosamilia, Senior Vice President - Software & Chairman, North America at IBM said.

There were 21 deals valued at USD 1.5 billion on the merger and acquisition front, which included the USD 1.3 billion JSW Energy-Mytrah Energy transaction, it said, adding that while the volume saw a significant downtrend, deal values were up by 79 per cent on this.

In his new role, he will help the company scale its financial services and payment gateway businesses. Having achieved profitability in the last two quarters, the company is looking to expand its leadership team. It ended the financial year 2022 with Rs. 5.4 billion in revenue, recording 80% YoY growth.