Kpmg

India expected to be one of the major beacons of economic growth: KPMG

Strong credit growth and resilience in financial markets are further expected to create an environment that supports investments

KPMG stands by audits of Silicon Valley Bank and Signature Bank

Global markets have been bumpy since the collapse of SVB, the biggest U.S. bank failure since the 2008 financial crisis, and Signature Bank

Bombay HC relief for GST assessees amid non-existence of tribunal

No recovery from taxpayers once a declaration of intent filed by them to appeal against order of lower authorities is put on record

Highest salary offered at IIM Kozhikode touches Rs 67L, average at Rs 31L

An IT-sector company offered the top salary of Rs 67.02 lakh on the campus. This was higher than the top salary of Rs 61.5 lakh last year

KPMG lays off 700 people in US, 1st among Big4 accounting firms to cut jobs

KPMG has announced that it is laying off 2 per cent of its workforce at its office in the United States with an aim to keep costs low as the economy slows

Maruti Suzuki begins probe into alleged purchasing dept wrongdoings

Investigation follows whistleblower complaint that executives took money from suppliers

Auditors of GoMechanic had raised several red flags in accounting: Report

The firm did not maintain inventory records for receipts and issuance of goods directly received by the customers

$1-million penalty: KPMG India settles with US audit regulator PCAOB

The PCAOB found that Lakhani and certain other engagement team members signed off on blank placeholder work papers in KPMG India's electronic audit software

RCap liquidation or negotiation? CoC to meet on Tuesday to take a call

While Deloitte, the process advisor to RCap's administrator, is said to be rooting for liquidation, CoC advisor KPMG hopes to close deal and award the firm to highest bidder

Google Cloud joins hands with DSCI for boosting cloud adoption

"Secure with cloud" initiative will also provide industry best practices and frameworks with Start-up and mobile app ecosystems on privacy and security

RCapital lenders meet ends in stalemate over key challenge mechanism issue

CoC decides that all bidders, while submitting their resolution plans, will agree in writing to participate in the Challenge Mechanism in whatever form it is implemented by the lenders later

66% CEOs in India expect recession in 2023; layoffs on the cards

Eighty-six per cent CEOs in India, compared to 71 per cent CEOs globally, predict that a recession will impact company earnings by up to 10 per cent over the next 12 months.

Asha Ramanathan, new COO; Gayathri Parthasarthy, new FSS lead at PwC India

Asha is a qualified chartered accountant (CA), and Parthasarthy is a Financial Services industry veteran

86% of global CEOs see recession within 12 months, finds KPMG survey

46% of corporate leaders considering job cuts over the next six months

CEOs rethinking strategies to hire, retain talent: KPMG 2022 CEO Outlook

KPMG's latest poll asked more than 1,300 CEOs of the world's leading companies about their hiring plans and expectations

Transport services to civic bodies not exempt from GST in each & every case

Companies supplying vehicles to local bodies must prove that the underlying activities are exempt services, such as public health, in order to avoid paying tax, ruled Gujarat-based AAR

Electric vehicles on Indian roads to touch 50 mn-mark by 2030: KPMG

The total number of electric vehicles on Indian roads is likely to touch 5 crore by 2030, presenting an enormous opportunity for players in the charging ecosystem, according to a report by consultancy firm KPMG. A large increase in electric vehicles (EV) sales is anticipated in India due to favourable factors on demand, supply and regulatory front despite a low penetration level of about 1 per cent currently, KPMG said in its report -- Electric vehicle charging the next big opportunity. According to the report, India's electric mobility story is rapidly evolving, with EVs gradually entering the mainstream, resulting in a three-fold rise in EV sales over the last fiscal year. The growth is currently being led by two-wheeler (2W), three-wheeler (3W), and bus segments. "As of March 2022, the number of EVs on Indian roads had surpassed one million. This number is likely to grow to 45-50 million EVs on road by 2030," it said. This presents an enormous opportunity for players in the EV

Indian companies changing rules to call employees back to office

Apart from Indian companies, Apple Inc has asked its employees to attend office three times a week. Employees have been asked to attend office on Tuesdays, Thursdays and a day depending upon the team

To improve surveillance, airlines asked to share PNR details with Customs

National Customs Targeting Centre-Passenger has been established by CBIC to process PNR info for risk analysis of passengers

Govt issues corrigendum to withdraw excise on ATF for international flights

Indian Oil had begun levying 11% duty following a govt notification; ATF accounts for 40% of an airline's operating expenses