Deloitte Financial News

18.07 / 17:11

UPS Provident Williams Strategy PwC Accenture Deloitte accounting Big Four Accounting Firms Pare Their Consultant Ranks in Postpandemic Reversal

The Big Four accounting firms are trimming their consulting ranks—sometimes months after a promotion—after forecasting slower growth as more businesses scale back on third-party help in certain areas. The firms—Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers—are facing the consequences of aggressive hiring over the past two years as the pandemic spurred higher demand for consulting in areas such as corporate strategy, coupled with lower attrition than they expected during the first half of the year. The recent rounds of layoffs have been heavily focused on the advisory sides of the firms.

18.07 / 14:19

Lowe's Twitter Pool TCS Accenture Deloitte ‘Not Vivah movie’: Netizens quip as woman asks internet to choose from pool of prospective grooms from ‘TCS, Byju’s…'

matrimonial site, hoping to find a husband among them. She goes on to describe the men individually, by their annual income, the company they work for and the their place of residence. The woman asks netizen to help her choose one from among the fourteen.

18.07 / 10:43

Provident FIVE CEO PwC Deloitte ‘Completely unsatisfactory’: EY’s disclosure worse than PwC’s

Greens senator Barbara Pocock has slammed EY for its lack of disclosure to the Senate inquiry examining consultants.

18.07 / 10:43

UPS Provident FIVE CEO PwC Deloitte PwC tax leaks ‘deeply disturbing’, says rival EY

EY’s boss said the tax leaks scandal at rival big four consulting firm PwC was “deeply disturbing”, but was criticised by frustrated senators investigating the industry for failing to disclose his firm’s partnership deed and partner pay rates.

17.07 / 19:19

UPS Provident CEO Strategy PwC Deloitte ANZ reform Deloitte CEO defends $3.5m pay amid calls for reform, royal commission

Deloitte chief executive Adam Powick has told a Senate inquiry the consulting sector operates without clear oversight and misconduct reporting rules, as he conceded in a fiery exchange that he was not worth a salary that is seven-times the prime minister.

14.07 / 10:23

CEO BlackRock Deloitte Exponent Kumar, Pai to counsel top team at Byju’s

In a move aimed at rebuilding its reputation, edtech firm Byju’s has roped in former State Bank of India chairman Rajnish Kumar and former Infosys chief financial officer TV Mohandas Pai as members of its advisory council. The council, officially called Think&Learn, will play a key role in advising the company’s board and CEO Byju Raveendran, the company said in a statement on Thursday.

13.07 / 20:19

CEO Deloitte Byju’s taps Mohandas Pai, Rajnish Kumar for board advisory council

NEW DELHI : Edtech giant Byju’s on Thursday named former State Bank of India chairman Rajnish Kumar and former Infosys chief financial officer T.V. Mohandas Pai to a newly formed council to advise its board.

13.07 / 17:41

Provident Manufacturing Deloitte Moonshot Space no more a moonshot

space has never been more compelling. Over the past few years, challenges to manufacturing, launching and operating satellites and other space-based assets have diminished significantly.... An important driver of growth in the space sector has been increased private sector investment.

13.07 / 17:31

UPS CEO Deloitte BAC NOT Arjun Mohan working with Byju’s, but not int’l CEO

MUMBAI : Arjun Mohan, the former chief executive officer of upGrad and former chief business officer of Byju’s confirmed on Thursday that he is working with Byju’s co-founder Raveendran on “multiple things" but said he hasn’t been roped in for the role of international CEO. Responding to queries from Mint, Mohan said, “I am working with Byju’s founder Byju Raveendran on multiple things but I have not joined the company on this role." He didn’t respond to follow up messages requesting details on the scope of his current role in Byju’s. A spokesperson for Byju’s declined to comment.

13.07 / 13:39

FIVE Deloitte Rolex Football player Cristiano Ronaldo invests in second hand luxury watch firm

Cristiano Ronaldo has invested an unannounced amount of money in second luxury watch company Chrono24 GmBH. Its significance can be understood by the fact that the other known personal stakeholder is Louis Vuitton chairman Bernard Arnault. Chrono24 GmBH was valued at more than USD 1 billion in 2021 and it has more than 5,00,000 luxury watched for sale.

13.07 / 10:19

Provident Action Assurant Strategy PwC Deloitte Immunic Senate may compel BCG, McKinsey to talk on conflicts of interest

Boston Consulting Group and McKinsey look set to be compelled to face a Senate inquiry into conflicts of interest and poor behaviour by private sector consultants, as Labor and the Greens call the firms’ bluff on giving evidence to parliament.

13.07 / 10:11

UPS Assurant Deloitte Covenant International Byju’s brings back former CBO Arjun Mohan to head international business

Edtech major Byju’s has appointed Arjun Mohan as the chief executive of its international business, said two people with knowledge of the development. Mohan's appointment comes at a time when the company is battling issues on multiple fronts, ranging from exits of board members and auditors to court cases filed by its bondholders globally, For more than a decade Mohan was the chief business office with Byju's before joining UpGrad as its chief investment officer in 2020. He quit UpGrad in December 2022. In his previous stint with the decacorn, Mohan had helped Byju's scale domestically and internationally.

13.07 / 09:37

Provident Gap Deloitte pension If EPS 95 member dies before retirement, when will the spouse get pension and how much?

When EPS member dies before reaching 58 years of age Even when a member is eligible for pension after completing 10 years of service, the pension starts only after retirement. This is typically the age of 58 if the member is alive.

13.07 / 06:45

UPS MET BLOCK Deloitte Covenant Macquarie Deal Murray & Roberts’ RUC deal drags on; Macquarie takes a peek

It’s one step forward, two steps back for Johannesburg-listed Murray & Roberts’ attempts to buy back Perth-based RUC Cementation Mining Contractors out of administration.

12.07 / 12:51

Provident Digital CEO Platform Strategy Pool Deloitte businesses Indian Customer Deloitte India and Capillary Join Hands to Enhance Customer Experience and Accelerate Sales for Indian Businesses

In today's world, loyalty is seen as a long-term relationship with customers, not just a program. Companies are upgrading to meet the changing needs of consumers and build trust in their brand.

12.07 / 11:55

Provident FIVE Action PwC Deloitte PwC reveals partner pay, misconduct allegations

PwC Australia has revealed that former chief executive Tom Seymour was the highest-paid partner at the firm, taking home $4.6 million in 2021-22, and that the firm received dozens of misconduct complaints against partners during the past five years.

12.07 / 10:49

Deloitte Investment trusts Thomas Lloyd Energy Impact trust fails to provide timeline for publication of results

The trust’s shares have been suspended since 25 April due to uncertainty over the valuation of its Indian construction project.

11.07 / 19:31

UPS Provident Strategy PwC Deloitte EY, Deloitte, KPMG force out dozens for bullying, harassment

Big four consulting firms Deloitte, EY and KPMG have collectively forced out three dozen personnel over the past two years for misconduct, including at least 14 partners.

11.07 / 19:17

Provident Cooper Booking Aware Chase Discover Deloitte Centre Centre begins inspection into Byju’s financials

NEW DELHI : The ministry of corporate affairs (MCA) has begun an inspection of the books of edtech firm Byju’s as corporate governance concerns mount following the resignation of its auditor as well as three shareholder directors. MCA has begun an inspection of Think and Learn Pvt.

11.07 / 17:05

Progressive CEO Platform Racing Deloitte Online gaming companies say 28% GST to hit their business

Online gaming companies on Tuesday said that levying of 28 per cent GST will limit their ability to invest in new games, impact cash flows as well as business expansion. The GST Council has agreed to impose a 28 per cent tax on online gaming, casinos and horse racing. The tax would be levied on the full face value.

11.07 / 16:13

Digital Platform Racing Pool POT Deloitte Time Ashneer Grover slams govt over 28% GST on online gaming: 'Time to enter politics or....'

₹100 to play on ₹72 pot entry (28% Gross GST); and if they win ₹54 (after platform fees)- they will pay 30% TDS on that - for which they will get free swimming pool in their living room come the first monsoon - not happening ! It was good fun being part of the fantasy gaming industry - which stands murdered now. $10 Bn down the drain in this monsoon.

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