Deloitte Financial News

06.11 / 01:25

Provident Platform Enterprise PwC Deloitte innovations Department How to break up the big four consultancies’ dominance of Canberra

The closed shop of government consultancy tenders should be opened up to small and medium enterprises with special arrangements for the defence sector overhauled in a bid to break the stranglehold of the “big four” in the public service, according to a new paper circulated to senior federal ministers and state premiers.

06.11 / 00:27

FIVE PwC Deloitte show information Two thirds of Britons to spend less this Christmas - Accenture

LONDON (Reuters) — Almost two thirds of UK adults are planning to cut back on spending this Christmas, according to research from Accenture (NYSE:ACN), published on Monday, which is significantly more pessimistic than other recent surveys.

04.11 / 08:25

CEO economy Deloitte country reports Byju's says FY22 standalone revenue rises to ₹3,569 crore, EBITDA loss drops marginally

Byju's parent Think and Learn Private Limited (TLPL), has released its financial audit for FY22. The edutech company has reported FY22 standalone revenue up at ₹3,569 crore, with a marginal drop in EBITDA loss, as per a release. Excluding all acquisitions, the core business of Think & Learn, BYJU'S, has reported substantial growth, with total income surging to ₹3,569 crore from ₹1,552 crore in the previous year, marking a robust 2.3x increase.

03.11 / 19:53

Target Reuters CEO Apple Remark Deloitte Warning Apple stock tumbles after weak holiday quarter warning

Apple fell three per cent on Friday after it disappointed Wall Street with a forecast that indicated growth will stay subdued in the quarter where the holiday season usually drives its strongest sales.

03.11 / 18:59

Provident Platform Deloitte MakeMyTrip symptoms As air turns toxic, NCR companies take steps to protect staff

air quality index (AQI) breaching hazardous levels in and around the National Capital Region, corporate India is stepping up measures to shield employees from the perils of toxic air. The AQI crossed 700 (a value above 150 is considered unhealthy) in many parts of the NCR on Thursday, forcing the shutting down of primary schools. Over a dozen companies including Deloitte, KPMG, Panasonic, BigBasket, BluSmart, Zepto and CIEL HR Services that ET spoke with said they are taking initiatives include offering work-from-home options to employees, providing masks at offices and to frontline staff, installing air purifiers and indoor plants as well having a doctor on call.

02.11 / 21:05

Deloitte performer reports India Inc to roll out 9-10% hike, focus on retaining talent

general elections while preparing for the increment cycle. “The coming financial year will have large macro factors in India (polls, etc.), and it always has an impact on the business fundamentals such as overall spending," said Anandorup Ghose, a partner at Deloitte India. “Some of that will have a rub-on effect on firms focused on India as their core market." WTW estimates India Inc.

02.11 / 20:37

CEO Deloitte pandemic President show track reports Retail trade group: holiday sales expected to slow to 3% to 4%, compared with 5.4% growth a year ago

The National Retail Federation, the nation’s largest retail trade group, expect shoppers will spend more this year than last year, but their pace will slow given all the economic uncertainty

02.11 / 02:09

Manufacturing Remark Deloitte reports Octoberfest: Most macro indicators enter party zone

goods and services tax (GST) revenue rose 13% in October to ₹1.72 lakh crore, the second highest monthly collection since the levy was rolled out in July 2017, riding robust festive demand and improved compliance. However, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) slipped to 55.5 in October from 57.5 in September, its slowest expansion since February. Other fast-moving indicators remained robust. Auto companies dispatched a record 391,472 passenger vehicles to dealers last month, up 16.3% from 336,679 the year earlier. Indian Railways' freight loading rose 8.47% in October to 129.03 million tonnes.

01.11 / 19:15

Target economy Enterprise WhatsApp Deloitte Experts show GST Oct haul 2nd highest at ₹1.72 tn

₹1.72 trillion in Goods and Services Tax (GST) in October, a 13% increase from a year earlier, marking the second-highest monthly haul since the new tax regime debuted in 2017. Overall, GST receipts so far this year are in line with the 10.5% nominal GDP growth rate projected by the finance ministry and reflect the trends in tax administration efficiency as well as consumption. The average gross monthly GST collection in FY24 is ₹1.66 trillion, up 11% from FY23.

01.11 / 16:12

Provident Waters Deloitte performer social information reports Why Sebi’s ESG regulations are unnerving India inc

Chennai: Larsen & Toubro Ltd (L&T), a conglomerate with business interests ranging from construction to information technology, has 100,000 suppliers. Next year, it will reach out to 20,000 of them, seeking information on their carbon emissions, water footprint and more. The 20,000 suppliers account for 75% of its annual purchases.

01.11 / 07:37

PwC Deloitte show reports testing Department prevention committee Eleven Games committee officials were paid $330k a year

The Victorian government spent nearly $11 million on salaries for staff on the organising committee of the Commonwealth Games it axed, including at least $300,000 a year paid to 11 executives.

31.10 / 20:49

Williams Racing Software Deloitte Kirklands Blackstone/Vista nab $1.57b Energy Exemplar; G+T, HSF on ticket

Blackstone and Vista Equity Partners bested a crowd of offshore sponsors and strategics at the eleventh hour to secure Energy Exemplar, the tearaway energy analytics business owned by The Riverside Company.

31.10 / 20:37

Career Platform Action Enterprise Deloitte cover social Deloitte’s new practice to check business credibility

NEW DELHI : Consulting firm Deloitte is set to introduce a practice to help businesses measure the extent of trust regulators, investors, customers and the public place in them to help them identify areas for improvement and raise their trustworthiness among stakeholders. The consulting firm is currently assessing the top 1,000 companies by size in India, including listed ones, based on about 90 parameters to figure out where they stand in terms of stakeholder trust.

31.10 / 01:15

Strategy PwC Deloitte Experts Consultants looking to exit will struggle unless they are ‘top 10pc’

Management consultants will struggle to land new roles until Easter next year, but accounting, tax, audit and cyber experts continue to be sought after by the major consulting firms, according to recruiters.

31.10 / 00:43

Career Racing Fallout PwC Deloitte country information PwC picks Mohamed Kande as global chairman

PwC has picked the head of its international advisory business, Mohamed Kande, to be its next chairman, putting the big four accounting firm in the hands of a consulting partner for the first time.

30.10 / 17:17

Waves Deloitte cover reports testing recommendations strain Insurer review uncovers forecast flaws, black-mould blowout

Australian insurers’ catastrophe plans failed to anticipate floods the size of last year’s east-coast inundation or economic logjams, according to an insurance-sector commissioned review.

30.10 / 15:45

PwC Deloitte country reports Financial PwC taps Mohamed Kande as new global chair - Financial Times

Investing.com — Big Four accounting firm PwC has tapped the head of its international advisory business, Mohamed Kande, as its next chair, according to a report in the Financial Times.

29.10 / 19:45

Telegram PwC WhatsApp Deloitte reports Accounting firm apologises for paying trainee below minimum wage

If you can't get agraduate job in an investment bank, it may be tempting to apply for a graduate job at anaccounting firm instead. One recent graduate's experience highlights why this may not be optimal.

29.10 / 08:59

Provident Digital Citizens Career Platform Gap Deloitte Skill programmes on retail, cybersecurity aim to narrow gap between classrooms and industry needs

retail and cybersecurity.

27.10 / 01:55

Provident Action Assurant PwC Deloitte information audit PwC scandal-inspired cut to audit work will cost it $10m

The nation’s largest corporate auditor, PwC Australia, will give up $10 million in annual fees by cutting the types of consulting services it provides audit clients.

26.10 / 18:53

Provident Assurant Strategy PwC Deloitte information travelers Strategy firm Bain delays new starters by up to 10 months

Bain’s Australian office has delayed the start dates of its roughly two dozen new joiners until as late as October next year and will not confirm when they commence until “early 2024”, a sign the strategy consulting firm remains uncertain about its future workload.

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