Deloitte Financial News

29.04 / 14:19

Target Career Deloitte performer country recommendations Equality Women working in organisations leading in gender equality more productive, loyal: Survey

gender equality have three times higher loyalty, productivity, and motivation than those working with laggards, a survey said on Monday. Deloitte's 'Women @ Work' survey said the transition to full-time work has resulted in difficult adjustments for many women professionals. Around 41 per cent women have asked for a reduction in their hours, 31 per cent said it has negatively impacted their mental well-being. These parameters are better for those who are returning to office in a hybrid setup, the survey said.

28.04 / 13:57

Provident Digital Career Deloitte trends performer Profiles Three in 5 recruiters to offer salary hikes of 6-12% this year: Mint+Shine study

Dry promotion: 'New title, no raise' appraisal trend leaves employees in a pickle According to a study done by audit and consulting firm Deloitte India, the average pay hike across Indian companies is estimated to slip to 9.1% this year from 9.4% last year, with the IT sector facing spending cuts by clients seeing the worst hikes in a decade. Some profiles are expected to get better hikes given their demand. "Over the past few years, many sectors have seen a trend towards more substantial increments for tech and digital roles, while traditional roles may see steadier, moderate increases.

28.04 / 11:29

UPS Provident Analysis Enterprise Deloitte Bill country Indian MNCs have to start accounting for global minimum tax liabilities

Mint, Deloitte said that given the implementation of the Global Anti-Base Erosion (GloBE) rules in these countries from 1 January, Indian headquartered multinational business groups with a presence there will be required to comply with the GloBE rules even if New Delhi is yet to implement it. Accordingly, Indian multinational groups will have to provide for top-up tax, if applicable, in their financial statements for the year ended 31 March 2024, Deloitte said in its analysis.

28.04 / 01:11

UPS Digital Platform Deloitte Food country Schools Stepping up to beat the heat: India Inc lines up cool work plans forstaff this summer

flexible work practices for white-collar workers, especially those in sales and field-related work, as rising summer heat poses health risks and threatens to sap efficiency. India is notorious for its scorching summers. Its weather office has warned that 2024 could be the country's hottest year on record.

25.04 / 09:03

UPS Deloitte information 2020 travelers rights Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?

The new tax regime was introduced by the Finance Minister in the Union Budget 2020. This regime, also known as the simplified tax regime, offers lower tax rates with fewer deductions and exemptions, compared to the old tax regime. The income tax provisions allow an individual to choose either of the two regimes. The choice can be made every year except where an individual has a business or a profession.

23.04 / 15:05

Blockchain Digital coinbase Parke Deloitte trends dutch Dutch Blockchain Days 2024: The Leading Dutch Conference for Blockchain, Crypto, and Web3 in Amsterdam is back at the 19th of June

Amsterdam, Netherlands – 22 April

23.04 / 09:45

COST UPS Platform Analysis Deloitte reports Consulting firms forge a unique partnership: AI working in tandem with CAs

NEW DELHI : Consulting firms have begun practising what they’ve been preaching: bet on artificial intelligence to rein in costs. For employees, though, particularly those in the junior ranks, it’s been at their cost.

23.04 / 06:28

UPS Target economy Election Deloitte show Net direct tax collections surge 17.7% YoY to Rs 19.58L cr in FY24

net direct tax collections surged 17.7% year-on-year to ₹19.58 lakh crore in the fiscal year ended March 2024, surpassing the revised estimates, official data released Sunday showed. Net direct taxes in 2023-24 exceeded the budget estimates by₹ 1.35 lakh crore (7.40%) and the revised estimates by ₹13,000 crore, it showed. Higher direct tax collections will give the Centre headroom to meet its fiscal deficit target for FY24. The Centre had budgeted ₹18.23 lakh crore as net direct tax revenue for 2023-24, which was later revised upwards to ₹19.45 lakh crore.

21.04 / 06:55

UPS Provident CEO Deloitte Experts track Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime

new income tax regime offers several benefits, including a simplified tax structure with lower rates, reduced tax liability, and increased disposable income for taxpayers. By eliminating various deductions and exemptions, it streamlines tax compliance, saving time and effort for taxpayers.

18.04 / 06:31

UPS Provident Waves economy Deloitte country Sovereign Wealth Funds, Pension Funds: One step away from the finish line

By Hiren Shah and Alpa Shah

13.04 / 02:41

Action Strategy Sustainability Deloitte Experts social reports Linking executive pay to net-zero goals key to climate action: Deloitte survey

Chair of the future - The role of the Chair in climate transition, shared exclusively with Mint, explored the insights of company leadership on climate change, its integration with business strategies, and the potential role of the boards of directors. The participating companies comprised some of the largest public and private Indian corporations, as well as multinationals from sectors including banking, financial services, and insurance, oil and gas, fast-moving consumer goods, and industrial products.

11.04 / 10:25

WhatsApp Deloitte Profiles Deloitte picks Nishesh Dalal to lead India private equity advisory

Deloitte has picked KPMG senior executive Nishesh Dalal to lead its private equity advisory services in India. Dalal was previously co-head of KPMG’s transaction services division. A Deloitte spokesperson confirmed the development when contacted by ET.

08.04 / 10:29

Target CEO Analysis Deloitte performer social 2020 CEO salaries grew 40% on average in the past four years, Deloitte survey finds

₹13.8 crore in 2024, 40% higher than pre-covid levels, according to the Deloitte India Executive Performance and Rewards Survey. The average salary of junior executives is estimated to have grown at about half that rate over the same period. According to the survey, every second CEO has a target compensation of more than ₹10 crore in 2024, compared with every third CEO in 2020.

04.04 / 17:19

Fox Manufacturing Gap Deloitte pandemic President reports US has a shortage of manufacturing workers and it threatens global competitiveness

Tudor Dixon explains how President Biden’s manufacturing regulations are making the process more expensive on ‘The Bottom Line.’

03.04 / 07:03

UPS Election Deloitte information 2020 reports Govt mulls ESOPs for PSB employees; decision expected after Lok Sabha election 2024, Deloitte to advise on framework

Economic Times reported that the proposal to introduce employee stock ownership plans (ESOPs) has been on hold for some time, but it may gain momentum after the Lok Sabha elections. "There have been talks with the government last month on issues pertaining to PSBs, including ESOPs," a bank executive told ET, adding that lenders will soon present a framework to the government. Livemint could not independently verify the development.

02.04 / 19:19

UPS Election Deloitte Experts track information For PSB employees, stock may be an option; decision on proposal likely after elections

public sector banks (PSBs) on offering stock options to eligible employees, rekindling hope for this longstanding demand of the lenders. The proposal to offer employee stock ownership plans or ESOPs, has been on the backburner for a while but it may advance after the Lok Sabha polls, said people familiar with the development. “There have been talks with government last month on issues pertaining to PSBs, including ESOPs,” abank executive said, adding that lenders will soon present a framework to the government. A government official told ET that discussions were preliminary and any decision on the proposal would be taken after polls.

01.04 / 16:53

UPS economy Deloitte wellness Equifax show reports Posthaste: Canada may just pull off that elusive 'soft landing' — except for this province

Central bankers and economists have been talking about the elusive “soft landing” for some time, but a report out today suggests it might actually be achievable.

01.04 / 13:47

markets Citi Target Metro Deloitte Vertex country Retail blitz: Ace Turtle to target tier 2-3 cities with 100 new stores in FY25

₹293 Crore) in a Series B funding led by Vertex Growth, SBI Investment Co. Ltd, Farglory, Lesing Nine, Stride Ventures, Tuscan Ventures and Trifecta Capital. Existing investors Vertex Southeast Asia and India, and InnoVen Capital also participated in the round.

29.03 / 01:01

UPS Digital PwC Deloitte War reports EY to PwC, KPMG to Deloitte, consultancy firms are witnessing a war for talent

MUMBAI : Top consulting companies are poaching from rival firms for newer skills and experienced hands, even as they lose some of their own bright minds to competitors. At a time of rising opportunities in artificial intelligence to business transformation and risk to digital advisory, a number of global consulting bluechips in India have seen top partners switch jobs and take up new roles.

24.03 / 04:27

markets UPS Digital Assurant Deloitte reports Department A 140-year-old policy puts its stamp on postal department’s life insurance biz

NEW DELHI : India’s purportedly dormant postal department has been alive and kicking successfully in an unexpected quarter—life insurance. The Postal Life Insurance scheme, a policy first introduced in 1884, has grown at 14.5% year-on-year so far this financial year—in terms of premium income between April and February. It’s grown in double digits for the first time since FY21, far outpacing the rest of the industry.

23.03 / 00:53

CEO Deloitte Sony electronic Department recommendations Updates Income tax e-filing: You can file your ITR even if your PAN card is inoperative. Here is how

Income tax e-filing: If you missed linking your PAN with Aadhaar by the June 2023 deadline and your PAN is inactive, don't worry, you can still file your income tax return. The income tax department had previously clarified that an inoperative PAN remains active. The deadline for individuals not requiring an audit for the Financial Year 2023-24 (Assessment Year 2024-25) to file their Income Tax Returns (ITR) is July 31, 2024.

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