A study by New York-based Deloitte Center for Financial Services, titled The next decade in global wealth among millionaire households, says India is likely to experience the largest growth of a whopping 405 per cent in total millionaire wealth over the next decade.
This number is more than the total number (1,071) of electric cars sold in India in calendar year 2019. MG has stopped registrations for the ZS and will cater to 2,409 of the total bookings.
Despite the presence of renowned economists and entrepreneurs, it was Kiran Bedi, a retired police officer-turned activist, who stole the show at the Eighth Annual Indian Business Conference at the Columbia University last week. Suman Mozumder reports
In just two years, Bank Bazaar.com was chosen as one of the 'Hottest Startups' in India.
And it's not an IIT graduate who's bagged it, report Gireesh Babu & Vinay Umarji.
'We know that returning money to unitholders at the earliest is the first and most important step towards resurrecting our brand and regaining investor trust.'
AIR India's turnaround plan, which has been reviewed by consulting firm Deloitte and accepted by the airline's board, says the company will start making operating profit from this financial year itself. Air India has been running under losses since 2007.
Diverse marquee investors are becoming long-term shareholders of Jio Platforms because of a unique set of technologies and platforms under one entity.
The profit boost for studios will in large part be driven by the rush for local-language content from platforms like Netflix Inc
Investment by US PE firm KKR will add fire to Ambani's battle for dominance in the retail market that is also being eyed by Jeff Bezos' Amazon and Walmart's Flipkart.
Govt assurances fail to cut ice with Jat leaders as agitation intensifies, Maruti halts production at two plants; highways, railway lines blocked
Consultancy major Deloitte Global said that women hold about 12 per cent of board seats worldwide while only 4 per cent of them are at the helm of boards
The average variable pay across sectors is projected at 17.4%.
"The Corporation has decided to offer a voluntary retirement scheme, with a view to enable employees who are not in a position to continue in service of the Corporation due to various personal reasons, to request for grant of voluntary retirement from the services of the Corporation," Bharat Petroleum Corp Ltd (BPCL) said in an internal notice to its employees.
Gaming industry is estimated at $40 billion and is expected to reach $59 billion.
Branch additions for most major banks in the current financial year do not correspond to the number of the past two years.
The new government may also introduce a separate scheme for revival of stranded gas-based power projects
The sale is key to meeting the government's disinvestment target of Rs 2.1 trillion in the financial year 2020-21. So far, the disinvestment exercise has fetched the government Rs 34,845 crore during the current financial year.
Protiviti Inc, one of the world's largest independent business and risk consulting firms, specialises in internal audit, estimated to be a Rs 1,35,000-crore (Rs 1.35 trillion) business globally.
The big four global accountancy firms -- PricewaterhouseCoopers, KPMG, Ernst & Young and Deloitte -- are circumventing laws to provide auditing services in the country, says a report of an Institute of Chartered Accountants of India's committee.
The world's largest retail company, Wal-Mart was founded by Sam Walton in 1962.
The Council also discussed process to make return filing simpler with just one return to be filed every month.
Special Economic Zones are likely to be central to realising Prime Minister Narendra Modi's ambitious Make in India agenda.
His anonymous online platform helps people seek help without disclosing their identity.
An analysis of S&P BSE 500 companies suggests that promoters of Indian private-sector companies in particular could end up paying at least 20 per cent more as additional tax on the same dividend income.
The Ola Money and Uber tie-ups demonstrate how insurance companies, including even government-run ones, are forging partnerships with every possible service company to offer products.
The central bank's tough new rules spell major changes in the competitive landscape for financial services audits.
With telecom and banking majors stepping up mobile banking services, 2011 is poised to be the year that would transform your banking habits - making payments or checking your account balance on your mobile.
A common feature in India is the lag between the occurrence of frauds and the time they are actually reported.
According to a survey conducted by the Deloitte and Data Security Council of India, 37 per cent of wireless networks had no encryption at all, followed by 49 per cent using a lower-level protection like Wired Equivalent Privacy encryption and just 14 per cent using security layers like Wi-Fi Protected Areas (WPA and WPA2) to secure their networks.
The decision to seek tie-up details from CA firms, especially those associated with the Big 4 -- PWC, Ernst & Young, KPMG and Deloitte -- follows a report by an Institute of Chartered Accountants of India committee on the multi-crore Satyam scam.
Expressing disappointment over the hike in repo rate by the RBI, India Inc on Friday said a rate cut by the bank would have helped ameliorate sentiments as businesses are "reeling" under a tight liquidity crunch due to high cost of capital.
At least one Indian company will be among the top six carmakers that would dominate the global auto industry by 2020, a study by global consultancy firm Deloitte said.
If the policy is extended to NBFCs and co-operative banks, they will have to disclose divergence in asset classification and provisioning during RBI inspections in their audited financial reports. Till now, these entities have been exempted from this. At present, there are more than 98,000 co-operative banks and 10,000 NBFCs. Sources said the RBI would concentrate on the top 50 co-operative banks and NBFCs.
The time the companies have to get ready for GST is 6 to 12 months.
Indian venture capitalists and private equities are expected to invest over $8.5 billion (about Rs 42,000 crore) in the next five years in sectors like biotechnology, life sciences, film production and education, an Assocham-Deloitte study said.
Each city would get Rs 100 crore (Rs 1 billion) every year.
The chartered accountants regulator ICAI on Thursday said KMPG cannot audit Satyam's books, but the global auditor said it does not require to register with the regulator to restate the IT company's accounts.
Global sales made via mobile devices are expected to top $638 billion.
It is one of the three marquee hotels owned by Sahara outside India.
