India has nearly 21.7 metric tonne of facility whereas it needs over 10 metric tonne more of such capacities, Assocham president Sajjan Jindal said in a statement.
The government decision to cap sales by cash-and-carry players to their group front-end companies at 25 per cent of overall sales can force these wholesalers to reduce their investment plans by around Rs 800 crore (Rs 8 billion) in the immediate term, consultancy firm KPMG said.
Despite the inherent attractiveness of the rural market for telecom operators various challenges still mar their entry.
The ratio is based on the valuation made by consultancy firm KPMG.
The highest salary rose by 14.22 per cent from last year.
Also seeks removal of excise duties on set top boxes for free to air transmission, and removal of service tax for broadcasters.
There has been an exponential increase in the use of technology to validate financial numbers, with a greater reliance on electronic evidence, use of live videos where possible, data analytics, and project management software to overcome the physical limitations in verifying transactions and accounts.
The recovery in the job market is still miles away as more redundancies and fall in hiring intentions in the public sector are expected even though the economy has come out of recession, says a survey.
With an epic battle of billionaires for supremacy in one of the world's most prolific markets and a pandemic-propelled surge in online shopping in the background, India's nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the New Year. In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the world's wealthiest man, and richest Indian Mukesh Ambani for pre-eminence in the booming market that is estimated to reach $1.3 trillion by 2025. It all started with Ambani's Reliance Industries agreeing in August to buy assets of the nation's second-largest retailer for Rs 24,713 crore, just a year after Bezos' Amazon purchased an indirect stake in the indebted Future Retail.
Today, when corporate governance practice has become a priority issue, a vast majority of India Inc feels there is a need for stronger regulatory review and enforcement, according to a report by the international consultancy firm KPMG.
The Reserve Bank on Tuesday allowed banks to open ATMs outside their branches without permission from the central bank.
Board, audit panel to meet on September 4.
'If you want to be a global giant, you cannot position yourself as only a software services provider; you have to be a solution provider.'
A low EDI has a direct correlation with low-skilled employment. Manifestation of the low index is also evident in the low enrolment and high dropout profiles of students in northern states.
E-invoicing would be implemented on a voluntary basis by those having an annual turnover of above Rs 500 crore from January 1.
With the two new Indian Premier League (IPL) cricket teams bringing in Rs 3,235 crore (Rs 32.35 billion) as auction price, advertising agencies and IPL franchisees expect the tournament to give a good push to the Rs 23,000-crore (Rs 230 billion) advertising sector this year.
Mobile telecom service providers are up against a new problem -- unidentified operators have been found to take out subsidised handsets from their 'bundled' connections and ship them to overseas markets at significantly higher prices.
Sanghrajka has spent 13 years in Infosys over two stints and has performed various leadership roles in the finance section.
Real, Barca topple United off perch to become top earning clubs
The global financial crisis can be turned into a great opportunity for growth in India and China if the two Asian giants join hands to collaborate in five key sectors such as gems and jewellery, says a Ficci-KPMG report.
Using the global downturn as an opportunity, seven in every 10 Indian companies are planning radical changes to their business models in the next decade, while many European businesses are still undecided on their response to the recessionary conditions.
Liverpool's parent company, owned by Americans Tom Hicks and George Gillett, made a loss of 42.6 million pounds last year mainly due to interest payments to service the debt taken out to buy the club.
While FICCI officials said that parting of ways with Price Waterhouse was not related to the Satyam episode, sources said all business chambers have become wary of associating with those getting infamy from the country's largest corporate fraud.
A week after B Ramalinga Raju, the promoter of Satyam Computer Services, confessed to manipulating the accounts for several years, Price Waterhouse, external auditors of the Hyderabad-based software services firm, said its audit report should not be relied upon.
Most of the Indian corporates are hopeful that the economy would revive by 2010 and are lining up fresh investments either for this year or the next, a survey by global financial consultancy firm KPMG has said.
Limits and high taxes on FDIs have led to lesser investments in the Indian aviation sector.
How do you motivate the motivators? How do you teach leadership to leaders?
Tata Motors has roped in international consultants Roland Berger Strategy Consultants (based in Munich) and KPMG to help its British car brands Jaguar-Land Rover trim costs and help manage cash flow.
Indian companies Nicholas Piramal, Cadila, Shasun, Dishman, Jubilant, Matrix, Strides, Ipca and Divi's are into contract manufacturing business. In the future, Indian players would move up the value-chain in the contract business, KPMG said.
'The reason the protests are not happening in Mumbai, Bangalore, Chennai, Hyderabad, Gurgaon and Noida is that there are options available to the youth in those cities. And many people can access this sort of job because most of them are armed with English, integrating them into the global economy. This is something not available to most youth in Gujarat (the government schools do not teach English till Class 5),' says Aakar Patel.
The report further added that 'the Indian entrepreneur today is optimistic, willing to take risks and is prepared to accept failure. India is on an entrepreneurial growth trajectory. The beginnings are already in place and steps have been taken in the right direction.' According to the entrepreneurial India state-level confidence index, Andhra Pradesh has the highest confidence score of 4.14 and is much above the national average of 3.31.
The central government's view of exploring public-private partnership (PPP) in the establishment of new institutes of higher learning has a private hand, right from the first step.
Industry experts say that the downturn has hit on the bargaining power of employees and a new entrant into a company may have to settle for less if he is hard pressed for a job.
Bhushan Kumar, chairman and managing director of the Rs 350 crore (Rs 3.5 billion) Super Cassettes Industries, the country's leading music company that owns the T-Series label, spoke to Shuchi Bansal on the challenges facing the music industry and his company's initiatives to keep its head above water.
Emerging markets are likely to overtake developed countries in terms of international acquisitions in the next two to three years, while India has emerged as the most acquisitive among the emerging nations, a latest study says.
At least 10 firms, including a few media houses and some of the leading private equity funds, are said to be in the race to acquire a majority stake in Hyderabad's Deccan Chargers, the Indian Premier League cricket team currently owned by the Deccan Chronicle group.
Till September this year, corporate India has announced merger and acquisition deals worth $26.43 billion, which is around 0.8 per cent of the total global M&A kitty. Data compiled by deal tracking firm Dealogic shows there has been a slowdown in M&A activity across the world as all regions except Latin America reported decreasing deal volume.
Federation of Indian Airlines has appealed to DGCA to extend notice period of flyers from 6 months to a year
Aditi Ashok is in a great position to launch her challenge over the weekend at the KPMG Women's PGA Championships.
About 60 per cent of BRIC (Brazil, Russia, India and China) nations anticipate a rise in business activity whereas only two per cent expect a decline. These are the findings of the latest Business Outlook Survey conducted in April by advisory firm KPMG.
