Data also show that several other leading domestic pharma companies have recalled their products from the US
The onus is on companies to put in place a vigil mechanism to detect and deter fraud.
According to India Fraud Survey 2012, 71 per cent of the companies surveyed felt fraud had become an 'inevitable cost of business'.
Online marketplace majors, e-grocers, Internet of Things firms, app-based companies and transport service aggregators are among those that have had to shut shop or scale down operations. Now, survival skills like upskilling and retraining will determine who makes it.
Kumar joined KPMG in 1995 as a Finance Management Leader and from 2005 until his retirement in September 2013 he led the firm's West Coast Finance Management Consulting practice.
Speaking at the annual management conclave 'Confluence 2014' held at the Indian Institute of Management, Ahmedabad (IIM-A), Rekhy stated that automation in manufacturing such as 3D printing will result in loss of job creation in the industry.
The current broadcasting platforms believe the road ahead for Netflix might not be a cakewalk
Companies were consulting law firms and consultants to understand the Bill.
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Delayed clearances for coal blocks, as well as companies' own failure in developing mines, appear to have had a financial implication of Rs 1.46 lakh crore (Rs 1.46 trillion) for the country.
Billionaire Mukesh Ambani's Reliance Industries has started a limited test use of WhatsApp to connect customers to grocery stores, days after Facebook decided to invest USD 5.7 billion in digital assets controlled by the company. JioMart, an e-commerce venture of Reliance Retail, "has already started interacting with customers on WhatsApp for grocery orders" in Navi Mumbai, Thane and Kalyan, Credit Suisse said in a report.
Prime was the first to grab streaming rights for seven titles for an estimated Rs 300 crore.
The high court's order, which says refunds paid on service inputs can be restricted, runs contrary to Gujarat HC verdict and could complicate matters.
Several industry verticals such as food and beverage, education, fashion and tourism are leveraging their growth by franchising their products under various formats.
US and China will remain at the forefront of global technological innovation with the cloud-enabled consumer technology and business transformation for enterprises leading the chart.
While investment activity jumped three to four times this year over last year for e-commerce, it has shown marginal growth (five per cent) in the case of consumer and retail
The company is likely to choose one of its existing auditing partners -- PricewaterhouseCoopers, EY (formerly Ernst & Young) and KPMG -- as an advisor for the listing process.
Corporate affairs ministry sending notices seeking details of fund disbursal
Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015
Of the top 10 companies expected to gain market share in future, only two Volkswagen and BMW come from Western nations.
Such service providers were given time until the end of October to follow the law of the land.
While Visa and Mastercard slug it out for leadership, analysts say RuPay has the potential to cause disruption and eat into their market share.
The draft report of the committee contains 27 suggestions for amendments under the I-T Act and eight for reform through administrative instructions.
The Board of Control for Cricket in India president Anurag Thakur, on Thursday, wrote an emotional letter to all state association stating that "in light of recent comments made against Indian Premier League, all members need to collectively decide, whether to stop this 'extravaganza'."
Top companies added employees at 3% CAGR from 2003-04 to 2013-14, while revenues grew at 18%.
India Inc is facing threat from non-traditional sources.
The new law would boost home buyer confidence as well as investment in the realty sector.
At Rs 20,000 crore (Rs 200 billion), e-commerce has seen one of the fastest rates of growth in investment activity this year.
Prabhu's maiden Railway budget is high on vision.
While taking gold out of the closet to borrow money is no longer taboo in Indian households, the sharp drop in gold prices is hitting the newest loan product on the banking turf hard, explains Tamal Bandyopadhyay.
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.
Aditi, Diksha, Tvesa to play at Ladies Scottish Open.
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 biggest challenge facing the BPO industry today is addressing the data security and privacy governance of their clients, but most Indian companies have already embraced the processes required to deliver secure outsourcing services, according to a survey.
Combining their respective strengths in creativity and research, Indian and US firms can grow their business relationship in the coming years and contribute to the global economy, says a study.
Mobile internet penetration has grown thanks to affordable data costs, investments in content and evolution of monetisation avenues
Tax experts say one of the most dispute-prone proposals is making "fraudulent availing" of input tax credit (ITC), without an invoice or bill, a cognizable and non-bailable offence.
Indian carriers are expected to double their fleet size by 2020 to 1,000 aircraft by 2020, promising a huge opportunity for the maintenance, repair and overhaul business.
Organisations are focusing on how they are going to be much more nimble, much more innovative and that is the ticket to success, Mark Goodburn tells Sangeeta Tanwar
Unlikely to happen in less than a year,despite the advantage of the parent airline's base.
The search giant is keen to pocket a hefty slice of India's online advertising market, an Rs 1,300-crore (Rs 13-billion) market in 2011 that is set to touch Rs 3,400 crore (Rs 34 billion) by 2015 according to KPMG estimates.
