News for 'grant-thornton'

Open offers highest since 2008 as acquisition, takeover attempts surge

Open offers highest since 2008 as acquisition, takeover attempts surge

Rediff.com29 Dec 2025

Open offers this calendar year, following attempts at acquisition and takeover, came in at more than two a week. There were 121 such open offers to acquire additional shares following a substantial acquisition or change of control, shows the data compiled by primedatabase.com.

Planning To Invest In NPS Vatsalya?

Planning To Invest In NPS Vatsalya?

Rediff.com5 Feb 2026

NPS Vatsalya offers a disciplined investment avenue that parents can use to create intergenerational wealth by contributing even small sums.

GST collections rise 6% to over Rs 1.74 lakh cr in December 2025

GST collections rise 6% to over Rs 1.74 lakh cr in December 2025

Rediff.com1 Jan 2026

Gross GST collections rose 6.1 per cent to over Rs 1.74 lakh crore in December 2025, even as sweeping tax cuts slowed down growth in revenues from domestic transactions, according to government data released on Thursday.

CBI books Anil Ambani's son, Reliance Home Finance in Rs 228 crore bank fraud case

CBI books Anil Ambani's son, Reliance Home Finance in Rs 228 crore bank fraud case

Rediff.com9 Dec 2025

The CBI has booked the son of industrialist Anil Ambani, Jai Anmol Anil Ambani, and Reliance Home Finance Ltd. (RHFL) in a case of alleged cheating in Union Bank of India that caused a loss of Rs 228 crore to the public bank, officials said on Tuesday.

PSBs' staff count rises for 1st time in 5 years

PSBs' staff count rises for 1st time in 5 years

Rediff.com31 Dec 2025

Public sector banks' (PSBs') employee count grew for the first time in five years while private sector banks' staff strength saw a decline in 2024-25 (FY25), according to latest data released by the Reserve Bank of India (RBI). The employee count of state-owned lenders rose 0.22 per cent year-on-year (Y-o-Y) to 757,641 at the end of March 31, 2025 from 756,015 in FY24.

Hybrids outpace petrol, EVs for buyers, shows survey

Hybrids outpace petrol, EVs for buyers, shows survey

Rediff.com17 Oct 2025

Grant Thornton Bharat's latest survey indicates that hybrids are set to consolidate market share this festive season, bridging the gap between conventional petrol engines and the emerging electric vehicle segment.

Why Income Tax Cases Drag On For Decades

Why Income Tax Cases Drag On For Decades

Rediff.com6 Nov 2025

'Repeated adjournments are one of the largest contributors to lengthy litigation cycles.'

Percentage of women in senior management falling since 2021: Grant Thornton

Percentage of women in senior management falling since 2021: Grant Thornton

Rediff.com8 Mar 2024

The percentage of Indian women in senior management positions in mid-market companies, with revenue between $10 million and $1 billion, has been declining since 2021, a report released on Thursday said. According to Grant Thornton's "Women in Business Report 2024", currently, 34 per cent of women in these Indian businesses have senior management posts. In 2023, it was 36 per cent. In 2021 and 2022, this percentage was 39 per cent and 38 per cent, respectively.

Domestic pension fund flows into equities at record high

Domestic pension fund flows into equities at record high

Rediff.com11 Nov 2025

A record amount of pension money may be finding its way into the stock market, if buying figures in the National Stock Exchange (NSE) data are any indication. Category inflows touched Rs 37,409 crore for the three months ending September 2025, shows an analysis of NSE data.

GST collection grows at slower pace of 4.6% in October

GST collection grows at slower pace of 4.6% in October

Rediff.com1 Nov 2025

Festive buying spree unleashed by lower tax rates pushed gross GST collection to about Rs 1.96 lakh crore in October, registering a 4.6 per cent year-on-year growth -- the slowest rate so far this fiscal.

M&A financing the new frontier for banks, but RBI's watching

M&A financing the new frontier for banks, but RBI's watching

Rediff.com26 Nov 2025

Mint Road's proposals on banks' M&A funding are cautious even as entrants root for more elbow room, and weigh business models.

Deepfake Laws Are Coming: But Are They Enough?

Deepfake Laws Are Coming: But Are They Enough?

Rediff.com5 Nov 2025

Taming the animal called AI in its many avatars will clearly remain a work in progress.

Legal Tussles Rock India's IT Sector

Legal Tussles Rock India's IT Sector

Rediff.com14 Oct 2025

2025 has seen a sharp rise in lawsuits targeting IT services and consulting companies, which now increasingly offer proprietary digital platforms and cloud services.

Fuel efficiency norms allow carmakers to pool with others

Fuel efficiency norms allow carmakers to pool with others

Rediff.com6 Oct 2025

The move offers flexibility in compliance but also places penalties squarely on the designated manager of such a pool.

Banks can now fund India Inc's M&A drive

Banks can now fund India Inc's M&A drive

Rediff.com2 Oct 2025

The Reserve Bank of India (RBI) on Wednesday met the long-standing demand of banks by allowing them to finance acquisitions by Indian companies, a move that also expands banks' capital market lending in the country.

GST Rate Cut Paints India's Art Landscape In Brighter Colours

GST Rate Cut Paints India's Art Landscape In Brighter Colours

Rediff.com4 Oct 2025

'High taxes have kept away art collectors who will now embrace the new GST.'

Hindenburg row: Adani appoints Grant Thornton for audit

Hindenburg row: Adani appoints Grant Thornton for audit

Rediff.com14 Feb 2023

Embattled Adani group has appointed accountancy firm Grant Thornton for an independent audit of some of its companies in a bid to come clean of the damning allegations levelled by the US short-seller Hindenburg Research and to assure investors and regulators. Sources said the audit is primarily to show to regulators like the Reserve Bank of India (RBI) that the group has nothing to hide and it is in compliance with relevant laws. The audit will specifically look into if there was any misappropriation or repatriation of funds and if loans were used for any purpose other than the one they were intended for.

Rs 1,000 Crore Tax Refunds Expected Before New I-T Law

Rs 1,000 Crore Tax Refunds Expected Before New I-T Law

Rediff.com21 Aug 2025

'We want to clear these pending refunds so that no issues arise once the new I-T Act takes effect.'

It's time to get started, put money in deals: M&A financing opens up

It's time to get started, put money in deals: M&A financing opens up

Rediff.com15 Sep 2025

Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.

Pharma Inc hopes for fair deal as Donald Trump announces 25% tariffs

Pharma Inc hopes for fair deal as Donald Trump announces 25% tariffs

Rediff.com31 Jul 2025

India's pharmaceuticals and medical devices industries are still hopeful that trade negotiations with the US could cut a fairer deal for both sides, after President Donald Trump announced a 25 per cent tariff rate on India on a social networking platform without divulging the finer details.

Religare Enterprises begins governance review of firm, subsidiaries

Religare Enterprises begins governance review of firm, subsidiaries

Rediff.com18 Mar 2025

Religare Enterprises Ltd (REL) on Monday notified the exchanges that its Board has commissioned a governance review of REL and its subsidiaries - Religare Finvest and Religare Housing Development Finance. Additionally, the Board has decided to approach the new promoters, the Burman Group, for immediate funding support to sustain operations of the company.

PwC may submit report on IndusInd Bank on Friday

PwC may submit report on IndusInd Bank on Friday

Rediff.com25 Mar 2025

External auditor PwC is likely to submit its report to IndusInd Bank's board on Friday regarding accounting discrepancies in its derivatives portfolio, sources said. As per an estimate, Rs 2,100 crore discrepancy in accounting may impact 2.35 per cent of the bank's net worth.

Breaking up bad assets: Can IBBI's part-resolution rewire insolvency rules?

Breaking up bad assets: Can IBBI's part-resolution rewire insolvency rules?

Rediff.com7 Jul 2025

The recent notification by the Insolvency and Bankruptcy Board of India (IBBI) allowing part-resolution of stressed assets of companies under the insolvency process has sent many resolution professionals (RPs) and committees of creditors (CoCs) back to the drawing board to reassess their strategies for resolving corporate insolvencies.

Realty firms eye revenue upside, portfolio diversification from data centre boom

Realty firms eye revenue upside, portfolio diversification from data centre boom

Rediff.com24 Jun 2025

Data centres are increasingly becoming a key part of the real estate landscape, as reality firms - with rich expertise in land acquisition, construction and dealing with government approvals - are seeing them as opportunities to build long-term assets with continuous revenue flow.

Will ATMs Dispense Rs 100, 200 By September?

Will ATMs Dispense Rs 100, 200 By September?

Rediff.com18 Jun 2025

Filling of Rs 100 and Rs 200 notes result in faster depletion and more frequent cash replenishment. This will cost banks and managed service providers more.

Families on cricket tour: Kapil agrees with Kohli but...

Families on cricket tour: Kapil agrees with Kohli but...

Rediff.com18 Mar 2025

During the recently-concluded Champions Trophy, players like Virat Kohli, Ravindra Jadeja, and Mohammed Shami had their families with them in Dubai but did not stay at the team hotel. The expenses for their stay were borne by the players, not the BCCI.

India Inc's M&A deal value jumps in June: Grant Thornton

India Inc's M&A deal value jumps in June: Grant Thornton

Rediff.com29 Jul 2015

Domestic deals were the flavour of the month as there were 20 such transactions worth $2.77 billion in June 2015.

PE deals likely to slow over next 1 yr: Grant Thornton

PE deals likely to slow over next 1 yr: Grant Thornton

Rediff.com30 Nov 2012

Fund raising expectations have turned more cautious over the past year due to concerns over governance.

SUVs The Flavour While Small Cars Remain Out of Reach

SUVs The Flavour While Small Cars Remain Out of Reach

Rediff.com29 May 2025

The country's biggest carmaker, Maruti Suzuki India, has raised concerns about the continuing slide in small car sales.

'Digital Arrest?' Don't Panic!

'Digital Arrest?' Don't Panic!

Rediff.com5 May 2025

Targets should avoid panicking and hang up. 'Disconnecting stops the scammers from building psychological pressure.'

India sees record deal activity in Feb at $7.2 bn

India sees record deal activity in Feb at $7.2 bn

Rediff.com15 Mar 2025

India witnessed a record-breaking surge in deal activity in February, with 226 M&A and private equity deals totaling $7.2 billion -- the highest monthly deal volume in the last three years, according to the Dealtracker report of Grant Thornton Bharat. "This represents a 67 per cent increase in volumes and a 5.4-fold increase in values compared to February 2024, while a 14 per cent increase over the previous month," it said.

How US tariffs impact Indian IT services cos in near term

How US tariffs impact Indian IT services cos in near term

Rediff.com3 Apr 2025

Export-led Indian IT sector is not directly hit by Trump's tariff order on goods, but there could be worrisome indirect bearings on it arising out of possible slowdown in decision-making and GDP growth in America over higher tariffs, which may then cloud demand from specific verticals, according to some analysts.

Kohli Revolts Against BCCI Family Rule

Kohli Revolts Against BCCI Family Rule

Rediff.com19 Mar 2025

'Players can apply for permission if they want their families to stay longer on tours.' 'The BCCI will make a decision as it sees fit.'

Foreign companies' tax burden at record low in India

Foreign companies' tax burden at record low in India

Rediff.com24 Feb 2025

Foreign companies now pay less tax relative to their earnings than at any time in more than three decades. Foreign private companies paid 24.36 per cent of their pre-tax profit as tax in 2023-24, show numbers from the Centre for Monitoring Indian Economy (CMIE).

WFO Or WFH? The Debate Goes On...

WFO Or WFH? The Debate Goes On...

Rediff.com19 Feb 2025

'Given a chance, more than 50 per cent of employees would switch to WFH as opposed to working from office.'

New Tax Regime Turns More Attractive

New Tax Regime Turns More Attractive

Rediff.com3 Feb 2025

The old tax regime remains unchanged. 'Taxpayers opting for it will continue to follow the existing slab rates and deductions.'

Insurers to double down on tech, rural expansion for growth in '25

Insurers to double down on tech, rural expansion for growth in '25

Rediff.com10 Jan 2025

The Indian insurance industry is set to focus on customer-centric technological adoption and expansion into rural areas to drive growth in 2025.

Draft DPDP rules: Task cut out for banks as operational challenges loom

Draft DPDP rules: Task cut out for banks as operational challenges loom

Rediff.com9 Jan 2025

The draft digital personal data protection (DPDP) rules, which require banks to obtain explicit consent from their customers before using their data for purposes beyond the original intent, although is being followed in spirit, leaves no room for regulatory arbitrage, experts said. They said that the potential business impact is difficult to assess at this stage, but the formalisation of these rules will mean banks now need to establish clear data processing agreements with third-party entities to ensure compliance.

Updated ITR: What You Must Know

Updated ITR: What You Must Know

Rediff.com5 Feb 2025

'Once filed, it cannot be revised or rectified.'

Budget curtails carry-forward losses for mergers and acquisitions

Budget curtails carry-forward losses for mergers and acquisitions

Rediff.com4 Feb 2025

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).