Deloitte Financial News

Info Edge has filed a first information report (FIR) at Mumbai’s Bandra Police Station against Rahul Yadav and others in connection with a fraud involving funds from 4B Networks. In 2015, Yadav who cofounded real estate portal Housing.com was fired by the company’s board. «We would like to inform you that pursuant to a complaint filed by AIPL, an FIR has been registered by the Bandra Police Station (Mumbai Police) on November 29, 2024 against Rahul Yadav, Devesh Singh, Pratik Choudhary, Sanjay Saini (and unnamed others) in connection with 4B Networks, alleging inter alia commitment of certain fraudulent acts involving 4B Networks' funds,» the document read. In 2021-22, Info Edge invested Rs 295 crore in Housing.com founder Rahul Yadav’s new real estate startup, 4B Networks.

CBS News reported that however, she soon realized she had been scammed by high-tech fraudsters using artificial intelligence to create convincing deepfake videos. Also Read: Real Madrid vs Liverpool: Prediction, live streaming, start time, where to watch

Deloitte India’s domain expertise with Securiti’s technology platforms to deliver tailored, end-to-end security solutions for businesses navigating increasingly complex regulatory requirements.The partnership aims to support organisations in automating privacy operations, improving Data Security Posture Management (DSPM), and enhancing compliance frameworks. This comes in the context of regulatory developments such as India’s Digital Personal Data Protection Act (DPDPA), which emphasises data protection, consent, and transparency.

Standard Audit File for Tax (SAF-T) for efficient and faster audit process and compliance monitoring, according to a survey released by Deloitte India on Tuesday. Further, 67% supported the introduction of tax e-wallet, which would allow for prompt credit of taxpayers’ refunds on order issuance, enabling adjustments against outstanding demands or future income tax liabilities. “The government’s progress in digitalisation is already reshaping the tax landscape, enhancing the ease of doing business and driving efficiencies that taxpayers highly appreciate,” said Rohinton Sidhwa, Partner at Deloitte India.

air purifiers, indoor plants, remote work and online classes are all back in Delhi-NCR, as the thickening smog cover has once again left the national capital gasping for clean air in what has become an annual ordeal. Almost all companies including Deloitte, Coca-Cola, KPMG PepsiCo, Panasonic and Acer are encouraging work from home and/or have installed air purifiers and indoor plants at workplaces to keep employees safe. Companies selling air purifiers or air-conditioners fitted with air purifiers such as Panasonic, Acer and Sharp Business have seen a rise in demand not only from the metros but also tier-2 and 3 cities in neighbouring states like Haryana, Punjab and Uttar Pradesh, their executives told ET.

healthcare industry is expected to step up spending on cybersecurity, with hospitals currently allocating 8–10% of their IT budgets for hiring experts and deploying tools to prevent cyberattacks. According to a Deloitte India analysis, this will increase to 12–15% in the next two years– from a reactive to a proactive cybersecurity readiness. Unlike the financial services sector, healthcare has been slower in adopting digital technologies. However, recent data breaches and rising cyber threats have prompted large hospital chains and their board members to prioritise patient data protection highlighted the ‘Cyber Resilience in Hospitals’ report by Deloitte and the Data Security Council of India (DSCI). While the Indian healthcare system is valued at $66 billion and projected to surpass $100 billion by 2027 cyber readiness and digital infrastructure needs to be developed. Nearly 60% of healthcare organisations globally suffered a cyberattack in 2023, according to a study by Sophos, earlier reported by ET. This includes India's top institutions such as the All India Institute of Medical Sciences (AIIMS) and the Indian Council of Medical Research (ICMR) wherein the personal data of over 81.5 million Indians was compromised and found for sale on the dark web.

Microfinance company Fusion Finance may cease to be a "going concern" if the lenders do not agree to its request for a moratorium on loans for at least a year or if it fails to raise resources, independent auditor Deloitte Haskins and Sells said. «The company's ability to continue as a going concern is dependent on obtaining waivers from demand by lenders for immediate repayment of borrowings for a period of at least 12 months from the balance sheet and / or securing sufficient funds from other resources such as successful sale of loans, rights issue and refinancing of borrowings,» the audit firm said in its note. The NBFC-MFI is negotiating with lenders to get a waiver from the right of immediate repayment for a period of at least 12 months from the balance sheet date. The lenders have so far not waived their right to demand immediate repayment.

Subscribe to enjoy similar stories. Super Micro Computer’s stock has been in a tailspin since Ernst & Young dumped the company as an audit client about a year after it replaced Deloitte & Touche. If EY found something that Deloitte missed then the situation could get even trickier for the server maker that once seemed unstoppable.

Seventy years since the last professional women’s baseball league, another one hopes to give women a chance to shine in baseball

online travel agencies (OTAs) and scheduled airlines, as business travel soars in lockstep with the resumption of normal office routines. «Return to office remains a key driver of increased corporate travel, as companies balance remote, in-office and hybrid work,» said Praveen Iyer, cofounder of Akasa Air. «With hybrid work models, employees are traveling frequently for meetings, collaboration and industry events like conferences and trade shows.» MakeMyTrip's corporate travel platforms, myBiz and Quest2Travel, crossed a gross booking value of $200 million for the first time in the quarter ended June, underlining growth prospects. Yatra's billing from the corporate segment crossed about $24 million (₹200 crore) for April-June, 77% higher than the previous three-month period. «We have to focus on really doubling down on the corporate side,» said Dhruv Shringi, chief executive of Yatra Online. The OTA derives 55% of its revenue from the B2B segment.

Nidhi Yadav drew inspiration from Zara's fast-fashion model.

data centre boom globally, in addition to rapid 5G rollouts, is silently propelling the growth of another ancillary industry: Optic fibre cables (OFCs). With top dollar expected to flow into the segment in the next decade, service providers and fibre manufacturers are looking to simultaneously strengthen deployment locally and double down on building capacities and boosting exports. Investment banking firm Avendus Capital expects around $2 billion capital expenditure towards data centre fibre alone over the next decade, with global private equity funds eyeing the India opportunity. Deloitte estimates that overall fibre deployment in India will be 4 million kilometres in 2024, expected to expand at 12- 15% over the next two years. Manufacturers are also looking to harness India’s already established credentials. According to data from the Ministry of Commerce, India’s OFC exports to more than 100 countries in FY24 totalled Rs 39,600 crore. Nearly half of the shipments were to major European nations, including Spain, the Netherlands, Poland, Italy, and the Czech Republic.

Subscribe to enjoy similar stories. The Centre has put its grand highway expansion plan spanning decades on the backburner, shifting its preference to short-term projects that can be approved and rolled out quicker, two people aware of the change said. The complexities of long-duration projects prompted the Union road ministry to stop pursuing its Vision 2047 blueprint, the people cited above said on the condition of anonymity.

stability with a mandate to his government for three consecutive terms and asserted that they strengthened this expression of stability in the recent Haryana Assembly polls. Addressing the NDTV World Summit here, he also said India has a «double AI» advantage and that when the power of 'aspirational India' and 'artificial intelligence' combines then it is natural for development to take place at a fast pace. Modi said India is a friend in times of crisis and cited how the country sent vaccines to scores of nations during the Covid pandemic. «India does not have 'taken for granted' relations, its relations are built on trust and reliability.When India moves forward there is no jealousy but world feels happy about it as its progress benefits the world,» the prime minister said.

Conciliation Forums set up by the Maharashtra Real Estate Regulatory Authority (MahaRERA) has resolved over 1,749 matters between homebuyers and real estate developers across the state. With this, of the 5,958 complaints filed with MahaRERA, around 32% have been resolved through these 52 Conciliation Forums in the state, often leading to mutually agreed-upon settlements, MahaRERA said. Other states including Gujarat, Uttar Pradesh, and Haryana have also implemented similar initiatives and many other states are in discussions with MahaRERA to understand this initiative.

IBM released the latest version of its artificial intelligence models catered towards businesses on Monday, looking to capitalise on the surge in enterprises adopting generative AI technology. "Granite 3.0" models will be made open-source, similar to other versions in IBM's Granite family of AI models. This approach differs from rivals such as Microsoft that charge customers for access to their models. In turn, IBM offers a paid tool called Watsonx that helps run models inside data centers after they have been customised.

Indian Medical Association (IMA), has voiced strong support for the legalisation of prenatal gender determination tests. Dr Asokan said on Sunday that the existing prohibition has not significantly improved India's gender ratio over the past three decades. Since the enactment of the Pre-Conception and Pre-Natal Diagnostic Techniques (PCPNDT) Act in 1994, prenatal gender determination and sex-selective abortions have been illegal in India. This legislation was intended to combat female foeticide and enhance the sex ratio in the country.

Enforcement Directorate (ED) has shown the rising reach and power of the Popular Front of India (PFI), the organisation at the centre of several ongoing probe being done by various agencies, ToI reported on October 21. The Enforcement Directorate (ED) arrested KA Rauf Sherif, general secretary of the Campus Front of India (CFI), in December 2020, marking the beginning of a multi-agency investigation into the Popular Front of India (PFI). A dossier prepared by ED after a four-year probe detailed that PFI has numerous members and offices in states including Kerala, Karnataka, Tamil Nadu, Telangana, Delhi, Rajasthan, Maharashtra, Bihar, West Bengal, Assam, Jammu and Kashmir, and Manipur. PFI, banned under the Unlawful Activities (Prevention) Act in 2022 after an attempted attack on Prime Minister Narendra Modi in July of that year, reportedly has 13,000 members in Singapore and five Gulf countries. According to the dossier, funds are collected in cash from «unknown donors» and sent to India through hawala channels. These funds are then deposited in 29 bank accounts of trusts and affiliated entities.

hand transplant post her amputation. Anamta Ahmad, the youngest person in the world to undergo a shoulder-level limb transplant, faced a daunting recovery journey as she got electrocuted by 11000-volt electric wires. The complex nature of the surgery and extended recovery period required a specialised approach to ensure proper healing and minimised discomfort. Imaginarium's custom 3D printed orthotic device, tailored to Anamta's needs, has been crucial in overcoming these challenges. «We are proud to have played a role in Anamta's recovery by pushing the boundaries of personalised healthcare,” said Aashay Mehta, Managing Director and Co-Chairman at Imaginarium, said in a statement. “There’s nothing that requires more customization than the human body, no two people are the same, and even our left and right sides aren’t identical. That’s why our work is so vital. Whether it's for this surgery or developing patient-specific implants, we’ve been at the forefront of 3D-printed healthcare solutions for two decades. Our goal is to keep innovating and finding new ways to meet the unique medical needs of each individual.»

WiseTech Global said on Monday it was reviewing a «full range of matters» concerning its billionaire CEO after media reports made allegations about his personal life including payments to a past sexual partner. The Australian Financial Review and other media outlets reported that a woman who had a sexual relationship with the billionaire chief made a raft of claims against Richard White in late 2020, including allegations that he had engaged in inappropriate behaviour. White, WiseTech's billionaire founder and major shareholder, could not immediately be reached for a comment while WiseTech did not immediately respond.

Perplexity AI has begun fundraising talks in which it is looking to more than double its valuation to $8 billion or more, the Wall Street Journal reported on Sunday. Perplexity has told investors it is looking to raise around $500 million in the new funding round, the Journal reported citing people familiar with the matter. The Nvidia-backed artificial intelligence (AI) company's estimated annualized revenue based on recent sales is currently about $50 million, the report added.