Neo banks, along with mid-sized banks, are establishing global capability centres (GCCs) in India, mirroring the expansion strategies of larger global counterparts. This trend is being seen as the next major wave in the country's banking, financial services, and insurance (BFSI) sector.
The Union Budget 2025-26, while promising a new framework for smoother mergers and acquisitions (M&As), has plugged a major loophole on carry-forward losses for a total of eight assessment years between amalgamating company and amalgamated company from the date of loss instead of date of the merger. For all mergers effected on or after April 1, 2025, the losses can be carried forward only for the residuary period (counting from the date of loss).
The Supreme Court of India has directed all high courts, state governments, and union territories to ensure the availability of separate toilet facilities for men, women, persons with disabilities (PwDs), and transgender persons in all court premises and tribunals across the country. The court stressed the importance of public health and the right to privacy, stating that adequate public toilets protect women and transgender persons. The court also expressed concern about the condition of public toilets near toll plazas on national highways and emphasized the need for proper sanitation facilities in court premises for judges, advocates, litigants, and staff members. This decision highlights the importance of access to basic amenities in ensuring a fair and dignified justice system.
'If our Budget allows, we may implement both measures -- making income up to Rs 10 lakh tax-free and introducing a 25 per cent slab for income between Rs 15 lakh and Rs 20 lakh.'
Global consultancy firm PwC India on Wednesday said it will invest up to Rs 1,600 crore and create additional 10,000 jobs in the next five years. Announcing its new business strategy 'The New Equation', PwC India said the firm will also increase its campus hiring by over five times in the same time period. The New Equation is based on analysis of trends and thousands of conversations with clients and stakeholders, it said in a release.
The Indian government's announcement of 10,000 additional seats in medical colleges next year, part of a plan to add 75,000 seats over five years, has been welcomed by education experts and stakeholders. The move aims to address the shortage of medical professionals and reduce the outflow of Indian medical students to other countries. The budget also includes infrastructure expansion at five new IITs to accommodate 6,500 more students and an allocation of Rs 500 crore to set up a Centre of Excellence in Artificial Intelligence for education.
The gross GST collection rose 7.3 per cent year-on-year to Rs 1.77 lakh crore in December. The Central GST collection stood at Rs 32,836 crore, State GST at Rs 40,499 crore, Integrated IGST at Rs 47,783 crore and Cess at Rs 11,471 crore, according to government data released on Wednesday.
A Delhi court has convicted former Congress MP Sajjan Kumar of murder in a 1984 anti-Sikh riots case. The court found that Kumar was part of an unlawful assembly that killed the victims and is guilty of the murders of Jaswant Singh and Tarundeep Singh. Kumar now faces a maximum of the death penalty and a minimum of life in prison. The court rejected Kumar's argument that the statement of the complainant couldn't be trusted, as she named him belatedly and held at the time of the incident she was not aware of the identity of the accused as she was admittedly new to the area and had never seen him earlier. The court also found the other residents of the locality were reluctant to come forward to aid the victims at the time of the incident, leading to the conclusion that they would also not support the victims' version in court.
'I am simply highlighting a wrongdoing. This is why my complaint has merit, and the chief minister has ordered an inquiry.'
The number of domestic air travelers in India grew 2.42 per cent year-on-year (Y-o-Y) in April, reaching 13.2 million, according to data by the Directorate General of Civil Aviation (DGCA) on Tuesday.
Attrition in India is expected to stay high as 34 per cent of the employees are extremely or very likely to shift to a new job in the next 12 months, a survey showed on Thursday. PwC's "India Workforce Hopes and Fears Survey 2022" provided insights into important employee aspirations, drivers, and expectations from their workplace in the next 12 months. Among all the age groups, millennials are most likely to seek new employment, with 37 per cent stating that they are "extremely or very likely" to switch. For Gen Z and Gen X, this figure stands at 33 per cent and 29 per cent, respectively.
About 68 per cent voter turnout was recorded till 5 pm on Wednesday in 38 assembly constituencies in Jharkhand where voting in the second and final phase ended, officials said.
Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai and MG Motors are gearing up to introduce EVs in India.
The merger and acquisition (M&As) transactions have picked up pace in the March quarter of 2024 with 455 deals amounting to $25.6 billion deal value announced. This is a 24 per cent rise in deal volume as compared to Q4CY23, according to PwC India report. This signals a shift from the declining trend observed in 2023, as per PwC India's report Deals at a glance.
the largest transactions of the year include the merger of Quality Care India and Aster DM Healthcare valued at $5.08 billion, followed by Bharti Enterprises' acquisition of a 24.5 per cent stake in the BT Group at $4.08 billion, and a family settlement transaction in the Godrej family at $3.5 billion.
The Maharashtra Assembly elections are taking place today, with the ruling BJP-led Mahayuti alliance seeking to retain power and the Maha Vikas Aghadi (MVA) hoping for a comeback. The campaign saw prominent leaders like Narendra Modi, Amit Shah, Rahul Gandhi, and Priyanka Gandhi Vadra crisscrossing the state to garner votes. The Mahayuti is banking on popular schemes while the MVA focuses on issues like caste-based census and social justice. The elections have also seen a significant rise in the number of candidates and voters.
The Big Four accounting firms have increased the hiring of people from technology backgrounds in India amid an increased focus of clients on digital transformation, especially after the Covid-19 pandemic. EY India said that it has expanded its overall tech talent pool by 3x in the last three years across service lines including consulting, tax, assurance, and strategy & transactions. "Today over 50 per cent of our workforce is from STEM (science, technology, engineering and mathematics) and technology background," it said, adding that it continues to hire significantly in the areas of AI, cloud computing, data analytics and cybersecurity to help its clients in transformation.
After a year of decline, mergers and acquisitions (M&As) in India increased 13.8 per cent, reaching $69.2 billion in the first nine months of 2024, as against $60.8 billion during the same period in 2023. Led by Indian companies and private-equity (PE) firms, 2,301 transactions were signed between January and September this year as compared to 1,855 transactions reported in the same period last year, according to the Bloomberg data.
Thanks to a booming market, India now has more than 300 family offices, up from 45 in 2018, according to a PwC report. The number is expected to grow rapidly, with promoters establishing more businesses in Tier-II and Tier-III cities. Family businesses play a crucial role in India's booming economy, spanning manufacturing, retail, real estate, healthcare, and finance.
This initiative ensures these voters can participate in the electoral process with ease and dignity, eliminating the need to visit polling stations. Delhi will go to polls on May 25.
Out of 24,230 IIT and NIT grads, about 8,000 students didn't find any takers during campus placement drives this year.
As the world celebrated International Day of Persons with Disabilities (PwD) on December 3, corporate India has kept up with efforts to make workplaces more inclusive and accessible. Organisations across sectors are taking initiatives such as equipping offices with practical work tools like Braille-friendly and voice-enabled lifts and screen readers. While inclusion has gained pace, only 11.3 per cent (or 3.4 million out of 30 million) Indians with disabilities have jobs.
The agency did not seek a reappointment in FY12.
The Indian Institutes of Science Education and Research, Bhopal (IISER) is inviting applications from science students for its 5-year BS-MS programme and 4-year BS in Engineering Sciences and Economic Sciences.
Fissures surfaced among Indian National Developmental Inclusive Alliance (INDIA) partners ahead of the Jharkhand assembly elections as the Rashtriya Janata Dal on Saturday expressed disappointment over the announcement of Jharkhand Mukti Morcha and Congress contesting 70 of 81 seats in the state.
Amid a social media storm over the death of a young employee at tax consultancy major EY allegedly due to work pressure, Deloitte has formed a three-member external committee, which includes former revenue secretary Tarun Bajaj, to look into practices, policies and processes concerning employees, its South Asia CEO Romal Shetty said on Friday. Shetty said to manage the work pressure within the organisation and have an open work culture, Deloitte has a chief happiness officer and takes strictest action for any bad behaviour within the organisation. Deloitte is one of the four major global tax consultancy firms.
Last Monday, PwC India announced the appointment of Gautam Banerjee as chairman and Peter Harvey as deputy chairman, by-passing elections. Banerjee, who comes with a big reputation from PwC Singapore, replaces Ramesh Rajan, whose term ended abruptly with 18 months yet to go.
DGCA said there are 13 aircraft in the airline's fleet in which both the PW engines have been used for more than 3,000 hours.
Khedkar, a 2023 batch Indian Administrative Service officer, was accused of misusing power and privileges during her training in Pune recently.
The 34-year-old Maharashtra cadre officer faces accusations of using fraudulent means to clear her civil services exam, including allegedly misrepresenting herself under the physical disabilities and OBC categories, and misusing power and privileges during her posting in Pune.
Jobs requiring AI skills carry a significant wage premium, with some roles offering up to a 25 per cent increase in wages, notes Manoj Nagpal, vice president, professional services, OpenText, an information management company.
They said women electors and first-time voters have registered a significant increase.
Price Waterhouse, an Indian arm of the global consultancy firm PricewaterhouseCoopers, whose partners got embroiled in the Satyam accounting fraud, failed to get a reprieve from the stock market regulator, the Securities and Exchanges Board of India.
A bench of Justices Abhay S Oka and Pankaj Mithal, which set aside the order of conviction and life sentence to two accused in a murder case, said it is surprising that both the trial court and the high court overlooked the critical aspect of tutoring of the witnesses in the case.
Most Indian chief executives are optimistic about the economy and believe it would improve in the coming 12 months, said a survey by consulting and auditing firm PwC on Tuesday. The company's 27th annual global survey polled 4,702 chief executive officers (CEOs) in 105 countries and territories, including 79 in India, from October 2 to November 10, 2023. As many as 86 per cent of CEOs in India - 30 per cent higher than a year ago - are confident that the economy would improve.
The Union Public Service Commission (UPSC) on Wednesday said it has cancelled the provisional candidature of probationary Indian Administrative Service officer Puja Khedkar and debarred her from all future examinations or selections.
Pratham Barot, CEO and co-founder, Zell Education, explains how specialised courses in finance can help you earn a cushy six-figure salary.
Probationary Indian Administrative Service (IAS) officer Dr Puja Khedkar had obtained a partial 'locomotor disability' certificate from a hospital at Pimpri in Pune district in August 2022, a senior official said on Tuesday.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances