Deloitte Financial News

Subscribe to enjoy similar stories. The National Financial Reporting Authority (NFRA) has moved the Supreme Court seeking affirmation that its internal structure complies with the law after a Delhi High Court order last month quashed notices sent to auditors of two IL&FS group entities—Deloitte Haskins & Sells LLP and SRBC & Co.

Subscribe to enjoy similar stories. As India's economy expands, an interesting shift is underway in the vehicle market—consumers are increasingly moving from two-wheelers to passenger cars. But not everyone is opting for brand-new vehicles; many are fulfilling their dream of car ownership by turning to the second-hand market.

consulting sector emerged the top recruiter with 201 offers — 37.3% of total offers – at the Indian Institute of Management, Calcutta, as the business school announced the completion of its final placements for its flagship MBA programme’s Class of 2025. Overall, 456 students participated in the final placement process, securing 538 offers rolled out by 196 companies despite challenging market conditions, the institute said. Boston Consulting Group (BCG) emerged as the top recruiter in the management consulting cohort while Accenture Strategy led in the strategy consulting cohort. Other consulting firms that participated were McKinsey, Kearney, Alvarez & Marsal, Arthur D Little, Auctus Advisors, EY-Parthenon, Monitor Deloitte, TCS, KPMG, PwC, and Vector Consulting, amongst others.

Subscribe to enjoy similar stories. NEW DELHI : Households in both rural and urban India are expected to spend more on discretionary products such as apparel, footwear, travel, and wellness by the end of the decade, driven by a doubling of per capita income by 2030 and availability of more avenues to indulge, a report by Deloitte India and Retailers Association of India (RAI) said.

Subscribe to enjoy similar stories. In Union Budget 2025-26, finance minister Nirmala Sitharaman raised the tax-rebate threshold under Section 87A of the Income Tax Act from ₹7 lakh to ₹12 lakh.

Subscribe to enjoy similar stories. AI-native companies are born with a capacity to dynamically change and learn from customer data and workflows, potentially becoming as good as a custom app that a client might have commissioned. Most companies necessarily approach generative AI as an innovation to integrate, but a handful of startups have sprung up with artificial intelligence as their starting point.

FII sell-offs and expectations of earnings downgrades across companies. As the industry looks for certain reliefs in the February 1, 2025, Union Budget to rekindle demand, D-Street will closely monitor how many of these requests are addressed by Finance Minister Nirmala Sitharaman. Exide Industries and Tata Motors have witnessed the steepest decline in the 18-stock BSE Auto index, followed by Hero MotoCorp, Bajaj Auto, Samvardhana Motherson International, Bharat Forge, Tube Investments of India, and Sundram Fasteners, each falling by over 30% from their peaks. Meanwhile, Apollo Tyres, UNO Minda, MRF, TVS Motor Company, Ashok Leyland, Bosch, and Balkrishna Industries have fallen between 28% and 21%.

India Budget: The rise of quick commerce platforms in India is altering the traditional retail landscape. According to industry reports, these platforms, including Zepto and Blinkit, have grown at a compound annual growth rate (CAGR) of 25 percent.

Deloitte India on Tuesday projected India's GDP to grow at 6.5-6.8 per cent in the current fiscal and said India will have to adapt to the evolving global landscape and harness its domestic strengths to drive sustainable growth. In its Economic Outlook report, Deloitte India also said the country needs to decouple from global uncertainties and harness its domestic potential.

Budget 2025-26 should announce a PLI scheme for R&D to attract foreign companies and make India a global hub for innovation, said Deloitte India Partner (Direct Tax) Rohinton Sidhwa. He said the government has been pursuing a policy wherein tax holidays are less and more focus is on Production Linked Incentive (PLI) or other schemes which promote investment and employment.

disposable income and consumption, and the scenario is unlikely to change much in 2025.

Those running Global Capability Centres (GCCs) in the country are paying out the highest increments, though it will still be marginally lower than last year, showed data shared exclusively with ET by Deloitte India. Average pay hikes will range about 8.8% across MNCs in India compared to actuals of 9% last year. Also, most of the around 100 companies surveyed have a slightly lower salary projection for the FY25 cycle, ranging at 0.1-1.1 percentage points less than FY24, based on the industry. “Pay increase projections are lower compared to FY24 and this is largely because businesses aren’t doing well across most sectors,” said Anandorup Ghose, partner at Deloitte India.

Subscribe to enjoy similar stories. For investors concerned that America’s tech giants are making recklessly large bets on generative artificial intelligence (AI), big tech’s latest quarterly results have offered some reassurance. The growth in demand from companies for the cloud services of Amazon, Microsoft and Google was red hot.

Subscribe to enjoy similar stories. The alleged terrorist behind the New Year’s killing spree in New Orleans was a born-and-bred Texan, an Army veteran, and father of three who had climbed the corporate ladder. But Shamsud-Din Jabbar’s burnished professional résumé belied a path that had gone off course.

Subscribe to enjoy similar stories. Auto repair from your car insurer and fire extinguishers courtesy your home insurer? Not outlandish ideas, but part of the government's plans to allow insurance companies to sell related products and services.

In a nutshell: very, very difficult indeed.

NFRA) has imposed a fine of Rs 2 crore on Deloitte Haskins & Sells LLP as well as penalties on two chartered accountants for lapses in auditing of Zee Entertainment Enterprises Ltd during 2018-19 and 2019-20 financial years. Along with slapping a fine of Rs 10 lakh, A B Jani has been barred from taking up any audit work for 5 years while the fine is Rs 5 lakh on Rakesh Sharma and the debarment period is 3 years.

Sebi) Tuesday barred foreign portfolio investors from issuing offshore derivative instruments (ODIs), locally referred to as participatory or P-notes, which have an India-listed security as an underlying asset. Additionally, the regulator prohibited overseas funds from hedging ODIs with derivative positions on Indian stock exchanges. Furthermore, Sebi asked foreign portfolio investors (FPI) issuing ODIs to obtain ownership information of all the investors holding such instruments.

buy call on Cello World Ltd. with a target price of Rs 1,000. The current market price of Cello World Ltd. is Rs 827.2. Cello World Ltd., incorporated in the year 2018, is a Small Cap company with a market cap of Rs 18311.37 crore operating in the glass sector. Cello World's key products/revenue segments include Domestic Appliances, Export Incentives and Scrap for the year ending 31-Mar-2024.

The 8,000 people that voted in our Ideal Employer survey love banks. They even selected a bank as their overall Ideal Employer: JPMorgan. There were an additional five banks in the top ten. But not everyone interested in financial services wants to work at a bank.

ET’s Puran Choudhary, the company’s global Gen AI leader, Nitin Mittal, shared Deloitte’s “India for global, India for India” strategy. Edited excerpts: Why did Deloitte choose India for the global CoE? There are several reasons. One is the talent base both within Deloitte and the larger ecosystem, including startups, academia and institutions. The other reason is that almost every Fortune 500 company has a presence in India. In Bengaluru alone, 38% of Fortune 500 companies operate. Compare this to other regions, like the Nordic countries, where talent may exist but not at the scale or price points we find here. This dual benefit of “India for global” and “India for India” is rare, and it’s a critical factor for Deloitte.