Deloitte Financial News

05.12 / 13:55

Citi Metro Highways Deloitte pandemic show Inside Build in India: Inside the great construction boom

₹15,000 crore. Whitefield, in short, is a microcosm of the huge spurt in construction across Indian cities—even in smaller towns. The evidence is in numbers.

04.12 / 18:03

Target FIVE Strategy economy Deloitte country Cotton pilot scheme a hit, govt to extend it by a year

Arvind Fashion. “Currently, the prices are remaining benign. So, we are not expecting any major rise in the next [few] quarters." On the production front, though, India has witnessed a sharp decline in recent years.

03.12 / 22:21

BLOCK CEO Deloitte love Experts folk reports Younger and older Canadians crunched by housing, retirement, debt: experts

If retirement feels like an out of reach financial goal, you aren’t alone.

03.12 / 05:21

Action Software Deloitte Experts show Sharp decline in FDI into India from Cayman Islands, Cyprus during April-Sep

Cayman Islands and Cyprus contracted significantly during April-September this fiscal as the overall inflows declined by 24 per cent, according to the government data. FDI from Cayman Islands dipped 75 per cent to USD 145 million during April-September from USD 582 million in the same period last fiscal, the data showed.

02.12 / 06:29

Strategy PwC Deloitte President show country reports Explainer-Can technology solve the global climate crisis?

By Timothy Gardner

30.11 / 23:19

economy Deloitte show country information reports Canada’s economy keeps its head above ‘recession waters’ — for now

Canada’s economy contracted in the third quarter of the year, but Statistics Canada’s revised data shows the country is still managing to avoid a technical recession.

30.11 / 16:47

Manufacturing CEO economy Deloitte Experts show performer GDP numbers suggest private capex gaining steam, say experts

GDP numbers driven by a strong rebound in the manufacturing sector suggest that private capex spending is gaining steam, experts said. India's economy grew 7.6 per cent in the September quarter of this fiscal and remained the fastest-growing large economy, mainly due to better performance by manufacturing, mining and services sectors, the government data showed on Thursday.

29.11 / 14:57

Provident Waves Deloitte show track innovations reports Most nearing retirement will need to make ‘significant’ lifestyle cuts: report

A wave of Canadians gearing up for retirement will be forced to make “significant” cuts to live comfortably for the rest of their lives, an analysis from Deloitte Canada shows.

28.11 / 14:49

Provident Waters Manufacturing Deloitte exclusive reports RP-Sanjiv Goenka Group's PCBL to acquire Aquapharm Chemicals for ₹3,800 cr

₹3,800 crore, beating the likes of Dorf-Ketal and Tata Chemicals to win the bid. The acquisition will give PCBL, among the largest manufacturers of carbon black material in India, a crucial foothold in the specialty segments of water treatment chemicals and oil and gas chemicals. PCBL (formerly known as Phillips Carbon Black Limited) expects to finance the deal through a mix of internal accruals and external fundraising, the company told stock exchanges after the share purchase agreement was signed on 28 November.

28.11 / 11:56

Deloitte pandemic performer Bigger bounties for independent directors as companies queue up

insurance companies is capped by the Reserve Bank of India at Rs20 lakh. Independent directors fall under the subset of non-executive directors. “Life Sciences, which is largely a promoter-led sector, witnessed the highest growth in independent director compensation as two companies introduced the component of commission in their remuneration structure compared to 2018," said Dinkar Pawan, director, human capital, at Deloitte.

28.11 / 00:43

Digital Deloitte Experts information reports shock VCs double check corporate governance as lapses rise

corporate governance lapses across well-funded startups in India has already turned investors wary of writing big cheques when the sector is also facing a funding winter. There's a domino effect of it now as there have been several instances of big-ticket investors conducting additional layers of checks and balances with late-stage startups, ET has learnt during conversations with almost half a dozen stakeholders in the ecosystem.

27.11 / 17:47

Digital Platform Entertainment Deloitte President show World Cup hits viewership of non-sports genres, advertising on TV, OTT

NEW DELHI : Airing of prime cricket property—the World Cup, preceded by the Asia Cup—has resulted in a dent in viewership and advertising for non-sports channels on television as well as streaming platforms. And the dent is sizeable. “Cricketing data available for 10 weeks, excluding the last week of the World Cup, compared with the previous 10-week period of non-cricketing months, shows that the sports genre GRPs increased by almost 322%, all dominated by cricket," said Chandrashekhar Mantha, partner, media and entertainment sector leader, Deloitte India.

24.11 / 15:48

WhatsApp Deloitte information reports KPMG freezes pay for 12,000 UK employees amid economic slowdown: Report

KPMG has reportedly frozen pay for 12,000 employees in the UK. According to a report by Financial Times, the bosses in KPMG has informed their employees that they would not receive a pay rise this year unless they were promoted.

24.11 / 14:15

Waves Target TikTok Deloitte Instagram social Department Canadian shoppers hunt for Black Friday deals amid inflation, longer sales

As scores of shoppers pack local malls to hunt for Black Friday deals, Dianne Debarros will be on the lookout for discounted toys and laptops her kids will soon need for school.

24.11 / 07:57

Strategy Deloitte Immunic Tapestry information prevention Enhanced due diligence: A keystone in fraud risk management

By KV Karthik

24.11 / 06:28

Provident Manufacturing Deloitte Bill love Financial ‘Barely’ surviving: A stay-at-home dad and his family’s financial struggles in Ontario

While Jason Ladouceur family’s needs have not gone up, he says the cost of living basics have doubled or sometimes tripled.

23.11 / 08:44

Digital Enterprise Deloitte show reports testing Byju’s faultlines and the perils of easy money

issued notices to India’s #1 edtech company and co-founder Byju Raveendran on a bunch of charges. These include missing documentation on imports and overseas remittances, delayed filings on investments in the company from abroad, and failure in share allotments against such investments. The charges by the ED follow searches the agency did in April at several offices of Byju’s and residences of its top executives.

23.11 / 04:39

Align PwC Deloitte reports donates PwC Australia’s final political donation up 50pc to $370,000

PwC Australia increased the amount of money it donated to political parties by 50 per cent to $370,000 last financial year, before ending the practice as part of efforts to restore its public standing after the tax leaks scandal.

22.11 / 07:11

BLOCK Deloitte Albemarle cover reports testing MinRes pays $260m for mine in WA lithium heartland

Chris Ellison’s Mineral Resources will pay just $260 million to complete the acquisition of one of Australia’s few operating lithium mines in Western Australia’s exploration heartland.

21.11 / 19:11

Citi FIVE Career JPMorgan Software Deloitte information IT firms dial down campus hiring, but GCCs are filling in

Tata Consultancy Services Ltd and HCL Technologies Ltd are expected to pay ₹3.5-4 lakh for engineering graduates with basic skill sets, while Wipro Ltd and Infosys Ltd will not be heading to campuses this year. Higher joining pay and no delays in starting with a company after accepting an offer have encouraged more students to accept offers from GCCs, placement executives said. “Last year (2023 batch), out of 947 companies that visited, more than 350 were GCCs.

21.11 / 19:11

Cooper Platform Assurant Deloitte information reports ED issues show-cause notice to Byju’s for Fema violations

₹9,362.35 crore. Byju’s breached Fema’s provisions by “failing to submit documents of imports against advance remittances made outside India, by failing to realize proceeds of exports made outside India, by delayed filing of documents against the foreign direct investment (FDI) received into the company, by failing to file documents against the remittances made by the company outside India and by failing to allot shares against the FDI received into the company," the investigation agency said in a statement. The ED had searched several offices of Byju’s and residences of its top executives on 24 and 28 April.

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