Deloitte Financial News
06.10 / 13:28
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Action
Strategy
Election
Deloitte
Universities
social
Who is Elon Musk's mother, and why is she facing backlash in the US amid the presidential polls?
Maye Musk, the mother of Elon Musk, has come under heavy criticism after suggesting people vote with fake names in US elections. Her remarks on social media led some to notify the FBI and federal authorities, citing concerns over promoting «voter fraud.» Maye Musk posted on social media platform X, “The Democrats have given us another option. You don’t have to register to vote. On Election Day, have 10 fake names, go to 10 polling booths and vote 10 times. That’s 100 votes, and it’s not illegal. Maybe we should work the system too.” The post, which gathered over 2.5 million views, faced severe backlash. Many users pointed out that her suggestion was illegal. One user tagged the FBI offices and wrote, “This person seems to be advocating for people to commit voter fraud on a large scale. They are also misinforming by claiming it is legal to do so. Please note for post election follow up.”
06.10 / 13:28
Strategy
Deloitte
students
War
country
West Asia crisis hits Iran's status as favoured place for higher studies among Kashmiri families
The families of such students are deeply perturbed over the unfolding of events, especially in the backdrop of the escalation in the Israel-Hezbollah conflict and Israel-Hamas war. Iran fired around 200 missiles into Israel on October 1 in response to Israel's killing of Hezbollah chief Hassan Nasrallah and other commanders of the militant outfit. Following the Iranian action, Israeli Prime Minister Benjamin Netanyahu said Iran will «pay» for it.
06.10 / 13:28
markets
Target
Deloitte
SPY
Experts
shooting
IAF proved capability to strike down Chinese spy balloon-type targets at very high altitude
Indian Air Force proved its capability to strike down Chinese spy balloon type targets at a very high altitude of 55,000 plus feet along the eastern front recently. In early 2023, the US government had used a fifth generation F-22 Raptor fighter jet to shoot down a Chinese spy balloon over the sea. The IAF had been holding discussions on the issue of tackling the challenge posed by such balloons which fly at very altitude and also held discussions with the American Air Force last year
06.10 / 13:28
markets
COST
Strategy
Deloitte
Experts
country
India's easing of rice exports welcomed in S Africa
India's decision to ease restrictions on rice exports. Last month, the Indian government withdrew a blanket ban on overseas shipments of non-basmati white rice. It imposed a floor price of USD 490 per tonne and exempted the commodity from export duty. Exports of non-basmati white rice were banned from July 20, 2023, to boost domestic supply. «It's welcoming news for all the importers like us, as South Africa imports roughly 10 million tonnes of rice every year. After Thailand and Vietnam, which account for 70 per cent of imports of rice in South Africa, India is the next biggest exporter of rice to South Africa,» said Pranav Thakkar of Dev International, one of the largest importers of Indian products to South Africa.
05.10 / 21:51
markets
Digital
Strategy
Deloitte
PAM
cover
reports
12 years on, Mars has taken a toll on Curiosity Rover's wheels; here's how it looks now
Curiosity rover of NASA landed on Mars in 2012. Since then, it has been exploring the surface of the Red Planet. The Curiosity Rover of NASA has covered the distance of 20 miles of the lunar surface across the Martian terrain. It has been providing information regarding the geology and atmosphere of Mars. The latest update about the Curiosity rover of NASA states that the space agency has shared few insights regarding the challenges that Curiosity has experienced during its mission on Mars. Also Read:Heartstopper Season 4: Is it happening and what can fans expect?
05.10 / 21:51
markets
Digital
Deloitte
show
singer
rapper
Videos
Sean Diddy Combs' warning to Justin Bieber to stay silent in a chilling clip resurfaces; will it come back to haunt him?
Sean Diddy Combs and Canadian singer Justin Bieber has resurfaced through a video clip, which has sparked conversation across social media. A video clip has recently emerged, which is showing that American rapper Sean Diddy Combs is giving a warning to Canadian singer Justin Bieber to stay silent regarding their past interactions. Diddy cautioned Bieber to not utter any words based on what he does with big brother Puff, which has raised a few questions as Diddy is awaiting trial on sex trafficking and racketeering charges. American rapper Sean Diddy Combs, who is formerly known as Puff Daddy, came to the late-night talk show Jimmy Kimmel Live!, where he took a seat beside Canadian singer Justin Bieber, and they discussed their friendship, as per the Daily Beast. Also Read: Brittany Mahomes posts cryptic message after supporting Donald Trump and fuels Taylor Swift feud rumors
05.10 / 03:53
markets
Digital
Deloitte
Experts
PAM
country
Courts
Brazil's top court says X paid pending fines to wrong bank
pending fines to the proper bank, postponing its decision on whether to allow the tech firm to resume services in Brazil. The payment of the fines, which X lawyers argued that the company had paid correctly, is the only outstanding measure demanded by the court in order to authorize X to operate again in Brazil. X has been suspended since late August in Brazil, one of its largest and most coveted markets, after not complying with court orders related to hate speech moderation and failing to name a legal representative in the country, as required by law.
05.10 / 03:53
markets
Digital
Enterprise
Deloitte
Experts
PAM
show
Piramal Capital sells commercial building in Mumbai’s Kalina for Rs 187 crore
Piramal Capital and Housing Finance Ltd (PCHFL) has sold an entire standalone office tower Napha Building with eight upper floors and three podiums in Kalina locality of Mumbai’s western suburb Santacruz to Shoquba Realty for Rs 187 crore. The property, originally owned by Dewan Housing Finance Corporation Limited (DHFL), includes a built-up area of 77,079 square feet. The property situated in the commercial hub of South Salsette comprises two basements and a stilt area in addition to three podiums and eight floors. The transaction was finalized on September 27, 2024, through a deed of transfer, showed the documents accessed through real estate data analytics firm Propstack. The buyer has paid stamp duty worth Rs 11.22 crore for the registration of this deal.
05.10 / 03:53
markets
FIVE
security
Strategy
Sustainability
Deloitte
Experts
Bodies of three more Naxalites found after encounter in Chhattisgarh; toll rises to 31
Dantewada: The bodies of three more Naxalites were recovered on Saturday morning in Chhattisgarh's Bastar region, where a fierce encounter with security personnel took place a day ago, police said. With this, the number of Naxalites killed in the gun battle with the security personnel on Friday has risen to 31, they said, adding that a search operation is still underway in the area. «Bodies of three more Naxalites were recovered this morning from the dense forest where the encounter took place on Friday,» Inspector General of Police (Bastar range) Sundarraj P told PTI. «With this, the toll of Naxalites in the encounter rose to 31. The identity of the Naxalites is yet to be ascertained, but prima facie it appears that they belonged to PLGA (People's Liberation Guerilla Army) company No. 6, Platoon 16 of Maoists and east Bastar division of Maoists,» he said. On Friday, the gunfight broke out between security forces and Naxalites around 1 am in a forest between Nendur and Thulthuli villages on Dantewada and Narayanpur inter-district border, where a joint team of District Reserve Guard (DRG) and Special Task Force (STF) was out on an anti-Naxal operation. The intermittent firing lasted for a long time and the security forces continued search operations in the area.
05.10 / 03:53
markets
Deloitte
PAM
consequences
reports
Department
New deadline for submitting tax audit report is approaching; File it else be ready to pay Rs 1.5 lakh or 0.5% of sales as penalty
tax audit deadline is on October 7, 2024, for FY 2023-24 (AY 2024-25). However, this deadline is an extended deadline, which means if you were pinning your hopes on the extended deadline, don't. The original deadline for submitting income tax audit report on the e-filing ITR portal was September 30, 2024. The government is unlikely to extend the deadline again. «In response to a representation made by „Associated Chamber of Commerce & Industries“ #Udhampur, a request was made to the Hon'ble Finance Minister for extension of the date for filing of Audit Report for Assessment Year 2024-25. Thank you Smt Nirmala Sitharaman ji @nsitharaman for conceding the request and issuing the orders accordingly,» said Union Minister Dr Jitendra Singh on X (formerly Twitter).
04.10 / 20:35
markets
Digital
Sustainability
Election
Deloitte
Experts
stage
Haryana Assembly Election 2024: Will BJP’s hat-trick triumph or will Congress stage a comeback as state goes to polls on Oct 5?
voters in Haryana will be eligible to cast their votes in the elections for the state’s 90-member assembly on Saturday. A total of 1,031 candidates are contesting, including 101 females. Results for Haryana and the Union Territory of Jammu and Kashmir will be declared on Tuesday.
04.10 / 14:11
markets
Digital
Strategy
Deloitte
Experts
PAM
guidelines
RBI says banks' group entities cannot be used to circumvent norms
Reserve Bank of India said on Friday group entities of banks shall not be used to circumvent guidelines applicable to the parent for carrying on business activities that are not otherwise permitted. RBI reviewed the current guidelines in public interest, in order to ring-fence the banks' core business from other risk-bearing non-core businesses and to provide level-playing field to all the banks, according to a draft circular. Indian laws permit banks to undertake various forms of businesses, in addition to the core business of banking.
04.10 / 13:19
markets
Digital
Entertainment
Election
Deloitte
Schools
Relationships
Michelle betrayed? Did Jennifer Aniston have a romantic relationship with Barack Obama? Here's what she has to say
Jennifer Aniston has confirmed her secret presidential romance is true. On Wednesday, October 2, the Friends alum appeared on Jimmy Kimmel Live, where she went through a list of tabloid allegations about herself throughout the years, revealing which were true. She said she found the notion entertaining and mentioned that she knows Michelle Obama better. One of the many strange allegations was that she was in a relationship with former US President Barack Obama. During the episode, Kimmel pulled out an August 2024 copy of In Touch magazine, which featured a cover story titled ‘The Truth About Jen and Barack!’ One line beneath the headline read, ‘Michelle betrayed as Aniston steals her husband's attention,’ and another said that Aniston and Obama are obsessed with each other. Also Read:Assassination attempts, threats are reshaping Donald Trump's US election 2024 campaigns. Here's how
04.10 / 13:19
markets
Digital
economy
Deloitte
reports
Schools
US hiring soars past expectations with 254,000 jobs added: Govt
The world's biggest economy added 254,000 jobs last month, the Department of Labor said. This was markedly higher than August's 159,000 number, which was also revised higher. The unemployment rate dipped from 4.2 percent to 4.1 percent, added the report.
04.10 / 13:19
markets
Digital
Strategy
Deloitte
trends
reports
Schools
Banks post higher Q2 deposit growth print than credit growth, reversing two year trend
HDFC bank, Yes bank, CSB Bank and Karur Vysya Bank reported higher deposit growth print than credit growth, in a reversal of the sectoral trend of credit growth outpacing deposit growth over the past two years. India’s largest private sector lender HDFC Bank grew deposits by 15.1% year-on-year at the end of the September quarter taking its total deposit base to Rs 25 lakh crore. Sequentially deposits grew by 5% as it added Rs 1.2 lakh crore worth of deposits in one quarter alone. «Deposit growth is the metric that matters the most for HDFC Bank and it looks healthy, and going by the other banks’ headline metrics that have come in, there is a clear improvement in the liquidity environment,» said Pranav Gundlapalle, head, India financials at Bernstein.
29.09 / 19:09
markets
Aware
Deloitte
President
show
Schools
Lavasa creditors set eligibility floor to begin resolution 2.0
Lavasa Corp, which was once touted as India's first private hill town project, have set an eligibility criteria of ₹100 crore net worth and a ₹25 lakh refundable deposit for new expressions of interest (EOIs) from prospective bidders as they try to find a buyer for a second time after junking the previous attempt earlier this year. The minutes of the meeting of the committee of creditors (CoC) held on September 17 show that 77% of lenders led by Union Bank of India (UBI) have agreed to a minimum criteria for bidders which is a change from the last time the process ran without any eligible criteria to «maximise participation» of applicants. «Besides this eligibility criteria, lenders also want to make certain changes with most likely a new resolution professional (RP) in place of Shailesh Verma and a process advisor to make way in place of Deloitte as both have been in charge for long and has presided over a what has been a failed process prior to this,» said a person aware of the matter. A joint lenders forum (JLF) called by UBI is expected to finalise timelines and appointment of a new RP as early as next week as lenders pick up the pieces after many twists and turns in the case.
24.09 / 13:07
markets
Strategy
Sustainability
Deloitte
innovations
reports
travelers
Corporate travel set to grow at 10.1% CAGR to $20.8 billion by FY30: Deloitte report
corporate travel sector is estimated to grow at 10.1 per cent CAGR to USD 20.8 billion by FY30, driven by tech-enabled, personalised and sustainable solutions, according to a report. Deloitte's report — Exploring India's Corporate Travel Market: Understanding Market Dynamics, TMCs, and User Preferences — is based on interviews of over 45 travel managers and a survey of over 160 corporate travellers from diverse industries and organisations of varying sizes. Entering a transformative phase, betting on new ways of working and technological disruption, India's corporate travel sector is valued at over USD 10.6 billion and is projected to grow at 10.1 per cent CAGR and double to USD 20.8 billion by FY30, the report said. As businesses recalibrate their travel strategies with hybrid work models after the pandemic, India's corporate travel sector underlines the critical role of travel management companies (TMCs) in steering the industry into a new era of innovation, cost efficiency and sustainability, it added.
23.09 / 08:15
markets
Digital
CEO
Deloitte
country
innovations
AI will spur new jobs, roles but may impact repetitive, commoditised tasks: Deloitte South Asia CEO
artificial intelligence (AI) will most certainly lead to the creation of new roles and jobs in the economy, although some of the current functions involving «repetitive» and «commoditised» tasks may be impacted, according to Deloitte South Asia CEO Romal Shetty. In fact, more new jobs will be created than in the past given the transformative impact of AI, Shetty said and emphasised that human intervention and interface would still be key to optimising the full benefits of emerging technologies. Shetty said that AI could affect jobs that are repetitive and commoditised but will yield more opportunities for companies and workers. "...Where something is repetitive and commoditised, those jobs could be lost but will there be new jobs created, new roles created? Hundred per cent and absolutely," he said in an interaction with PTI editors at the agency's headquarters here.
22.09 / 10:47
markets
CEO
economy
Deloitte
country
Department
Interviews
India to clock 7% growth in FY25 despite headwinds: Deloitte
Deloitte South Asia CEO Romal Shetty has said. Shetty, who is the youngest chief executive of a Big Four accounting and consultancy firm in India, said inflation is reasonably under control, there has been a pick-up in rural demand and vehicle sales are improving. «We believe that we would be in the 7-7.1 per cent range in terms of the growth (this fiscal year). You have got the headwinds, the tailwinds… But the fact is, still India is in a better position, in spite of whatever is happening globally but we can't say we're decoupled from the world,» he said, adding that the geopolitical crisis in the Middle East and Ukraine and the slowdown in the western world will impact GDP growth. According to Deloitte projections, growth is likely to be 6.7 per cent in the next fiscal year (2025-26). The Indian economy grew 8.2 per cent in the previous fiscal year — 2023-24.
18.09 / 19:57
markets
Career
Platform
security
Deloitte
country
social
Aggregators told to register gig workers on e-shram portal within three months
social security framework for them. A directive in this regard was given by labour and employment minister Mansukh Mandaviya on Wednesday after a meeting with eight aggregators and industry associations. Mandaviya asked aggregators to register all their gig and platform workers on the e-Shram Portal within the next three months, stressing that the workers' registration is crucial for extending further benefits to them under various government initiatives. Representatives from Urban Company, Swiggy and Instamart, Zomato and Blinkit, Porter, Even Cargo, Amazon, Uber and Ola attended the meeting along with industry chambers including the Federation of Indian Chambers of Commerce and Industry (Ficci), the Confederation of Indian Industry (CII), Deloitte, Employers' Federation of India and IndiaTech.
18.09 / 16:33
Provident
PwC
Deloitte
Death
Bill
Celebrity
Equality
At the Big Four, work stress is taking a toll on both employee and employer
Subscribe to enjoy similar stories. MUMBAI : The Big Four global consultancies—KPMG, EY, PwC, and Deloitte—rely heavily on one key asset: manpower. This workforce is also their most expensive, making the business model heavily dependent on utilising their employees to the maximum.
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