Page 3 - Kpmg

Covid-19 impact: Media market to contract in FY21, but digital holds up

Digital advertising, says KPMG, will overtake TV advertising for the first time this fiscal, pointing to the priorities of advertisers

Domestic pharma market to grow 12-14% in 3 years, exports by 8-14%: KPMG

The country ranks as the third-largest pharma market globally by volume and 13 largest by value

India's pharma market to grow by 12-14% in three years, says KPMG

India's domestic pharmaceuticals market is expected to grow by 12% to 14% in the next three years while the export market may grow by 8% to 14%

Tier-2 and 3 consumers more hopeful of rebound in retail: KPMG report

Nearly 22 per cent consumers in tier-2 cities and 30 per cent in tier-3 towns feel their spending will either increase or remain the same as prior to Covid-19

Separate audit units from other biz by June 2024: UK watchdog to Big Four

Auditors are under greater regulatory scrutiny than ever after a serious of high-profile lapses in recent years

3 agencies qualify tech round for assisting DPIIT in start up initiatives

Three consultancy agencies - PricewaterhouseCoopers, Ernst & Young, and KPMG Advisory, have qualified the technical evaluation round for assisting the Department for Promotion of Industry and Internal Trade (DPIIT) in effective and on ground implementation of initiatives for startups. In March, the department had invited a request for proposal (RFP) for the appointment of a consulting agency for Startup India, following which four consultancy firms bid. According to the minutes of a meeting that was held on June 26 to evaluate the preliminary proposals, these three firms have scored more than 60 marks and are found to be technically qualified. The evaluation committee, Chaired by DPIIT Joint Secretary Anil Agrawal, has "decided to open financial bids for all the qualified applicants on July 6". The minutes stated that Grant Thornton India LLP has failed to obtain minimum marks for technical qualification and "hence disqualified for the opening of its financial bid". The ...

Reliance Infrastructure removes KPMG from BSES stake sale process

KPMG's exit from the mandate means the entire process will now start afresh, led by RInfra itself

Audit companies exploring digital options to clear lockdown hurdle

While many companies are sharing documents digitally, some have also opened their servers to auditors to access the data they require

UP steps up efforts to reach out to 74 global firms looking to exit China

European Business Group hails covid-19-induced labour reforms in UP; state goes online to connect with five nations and companies like Microsoft, Dow and IBM and showcase investment opportunities

Bombay HC quashes criminal charges against ex-IFIN auditor Deloitte & KPMG

Grants govt eight weeks' time to appeal in Supreme Court despite opposition from the auditor's lawyers

Answers to the Strategist Quiz #659

Answers to the Strategist Quiz #659

Coronavirus unties the wedding business knot amid lockdown extension

At stake is the livelihood of millions of gig workers who provide wedding-related services - jewellers, designers, tailors, caterers, pavilion and tent providers and so on

Weak economy, lower consumption to dent ad spends in media: KPMG report

OTT, along with online gaming, are emerging out to be winners in the crisis, it said

India's growth may slip below 3% in FY21 if coronavirus proliferates: KPMG

The KPMG report presented three scenarios to explain the economic effects of COVID--19

Businesses likely to face challenges in preparing financial reports in FY21

The spillover of compliance requirements from FY20 to FY21 makes experts wary of the ripple effect on business financials

Anti-profiteering body orders probe into all theatres owned by Devgn's firm

The NAA also directed that a show cause notice be served on the company seeking an explanation as to why penalty should not be imposed on it

IL&FS case: NCLAT rejects Deloitte, KPMG auditors plea against impleadment

The NCLAT on Wednesday dismissed the pleas of auditors of debt-ridden IL&FS -- Deloitte Haskins & Sells and KPMG arm BSR & Associates -- along with independent directors challenging their impleadment in the case of alleged fraud at a group firm IFIN. A two-member bench of the NCLAT upheld the directions of the Mumbai bench of the National Company Law Tribunal, saying it can not be termed as "illegal". The NCLT had directed them to implead the auditors and independent directors as party. The NCLT is empowered to pass order to implead them under Section 242 of the Companies Act, 2013 in a petition under Section 241(2) if "it forms opinion that the affairs of the company have been conducted in a manner prejudicial to the public interest", the appellate tribunal further said. "Once such opinion is formed by the Tribunal, it may pass any order as it deem fit and proper,"said the National Company Law Appellate Tribunal (NCLAT) bench headed by Chairperson Justice S J ...

NCLAT dismisses Deloitte, KPMG pleas against impleadment in IL&FS case

The National Company Law Appellate Tribunal (NCLAT) on Wednesday dismissed the pleas of debt-ridden IL&FS auditors -- Deloitte Haskins & Sells and KPMG arm BSR & Associates -- challenging their impleadment in the case involving alleged fraud in IFIN, a subsidiary of IL&FS. A two-member NCLAT bench led by Chairman Justice S J Mukhopadhaya dismissed the pleas of auditors and other independent directors. The appellate tribunal, however, granted a relief to both auditors and other independent directors by allowing the operation of its earlier interim order passed on July 29, 2019 for two weeks. On July 29, the NCLAT stayed the order of the Mumbai bench of the National Company Law Tribunal (NCLT) to implead the auditors and the independent directors of IL&FS. Earlier on July 23, the NCLT had allowed the plea of the Ministry of Corporate Affairs (MCA) to implead the auditors and independent directors of IFIN. "On the request of the counsel, we allow (that) interim order .

CSR shows steady improvement in past five years: KPMG

India Inc's trend on CSR expenditure clearly indicates their willingness to contribute towards nation-building: KPMG

Hindustan Coca-Cola appoints Melvin Tan as new chief financial officer

Announcing the appointment, Ruggiero said, Tan brings in the best practices of the global Coca-Cola system, along with his strong background in accounting and financial management.