In March this year, when Tata Consultancy Services (TCS) unveiled a new brand statement of "Building on Belief", many wondered if it was the right strategy. When things are uncertain, wouldn't a brand statement such as "Experience Certainty" have been better? But for Rajesh Gopinathan, CEO & MD, TCS, it was all about the way the company was looking at business. As Gopinathan explained over a video call, "Today, we have over 1,000 customers and 98 per cent of our business is repeat business; our relevance to customers should continue, and to increase.
To begin with, there would be the immediate integration of various technology stacks. This would create more business for global consulting and IT services entities such as KPMG, PwC, EY, Accenture and IBM, among others. Indian service providers - Infosys, Tata Consultancy Services (TCS), and Wipro, for instance - would also cash in.
These are some of the most noteworthy infrastructure projects in the world.
Google has emerged as top choice in the Top 100 Ideal Employer Rankings in a survey conducted among Indian management and engineering students.
Delays in implementing power projects, mainly due to fuel issues, could turn Rs 1 lakh crore of bank loans into NPAs if prompt action is not taken, according to a study by KPMG.
The Indian Premier League (IPL) 2015 made a contribution of Rs 11.5 billion (USD 182 million) to India's GDP, a survey conducted by top financial auditing firm KPMG on behalf of the BCCI has said.
Delhi Metro, Yamuna-expressway and Tata Power's Mundra ultra mega power project in Gujarat are among the six ventures that have figured in the list of world's most innovative, impactful infrastructure projects prepared by international accounting firm KPMG.
After a long wait, the Shapoorji Pallonji Group has closed the sale process of its consumer durables business under the Eureka Forbes label by picking the American private equity fund Advent International's Rs 4,400-crore offer for a 72 per cent stake. The sale process, which began in November 2019, will help the over 156-year-old SP Group pair the debt pile and sharpen the focus on the flagship construction and engineering business under Afcons. The valuation of Rs 4,400 crore for a 72.56 per cent stake is is at an enterprise level and subject to closing adjustments and also includes an open offer for the remaining stake after the demerger and listing of Eureka Forbes, the SP group said in a statement on Sunday.
The report by KPMG, titled India Fraud Survey Report 2008, has effectively castigated India Inc, both at the employee and the management levels, suggesting a lack of morality at both levels. Strangely, India Inc seems to have swallowed these findings without any remorse or response.
are in the process of building one at the Jio Center in Bandra Kurla Complex where the Maker Maxity building used to be. "This theatre will be on the top of the mall and should be able to accommodate 300 cars, and is expected to open sometime in January or February next year.
All the banks mentioned here have balance sheet size greater than Rs 50,000 crore (Rs 500 billion).
Faced with prospect of its assets across the globe being seized just like Pakistan and Venezuela, the government decided to scrap retrospective taxation but the international embarrassment could have been avoided had 'attached' shares of Britain's Cairn Energy Plc not been sold, according to tax and legal experts. On Thursday, the government introduced a Bill in Parliament to scrap the tax rule that gave the tax department power to go 50 years back and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India. The 2012 legislation was used to levy a cumulative of Rs 1.10 lakh crore of tax on 17 entities, including UK telecom giant Vodafone, but substantial punitive action was taken only in the case of Cairn.
The Director of Federal Government Affairs for KPMG LLP has been named one of the top 25 corporate lobbyists on Capitol Hill.
'India has over 300 million online sports fans, of which over 60 million use fantasy sports as their primary tool for engagement with their favourite sport.'
The auditors -- the local arms of the Big Four global firms Deloitte Haskins & Sells and KPMG which has BSR & Associates as an affiliate here-had challenged the jurisdiction of the NCLT to ban them.
The Chinese government is imposing severe restrictions on their tech companies - whether it is on data security, marketing practices or floating an IPO. Should this be music to the ears of Indian start-ups and home-grown private equity (PE) funds? Ask Indian start-ups and the answer is a resounding "yes".
Outsourcing services providers may come under increased pressure from their clients, with chief Information Officers (CIOs) at firms globally planning to squeeze more value out of their outsourcing arrangements, a study by global consultancy KPMG International said.
Aided by low labour costs, China has overtaken India as the primary destination of outsourcing and shared services for Asia-Pacific companies -- netting business to the tune of $20 billion, according to accounting firm KPMG.
On the heels of the Reserve Bank of India making out a case for better pay packages for PSU bankers, global consultancy KPMG said that not only senior personnel, but non -executive directors, too, should be paid salaries on par with their private sector counterparts.
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.
The KPMG study completed with the assistance of University of Chicago Booth School Business Professor Steven Kaplan, found a correlation between certain deal factors and the success of the transaction.
Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective Tuesday, a statement said. The deal comes days after Zomato had raised USD 150 million in funding from existing investor Ant Financial, an Alibaba affiliate, at a USD 3 billion valuation.
The KPMG global business outlook survey of over 11,000 companies across the world found healthy optimism around key measures such as business activity, revenues and profits.
Manufacturing companies in the BRIC (Brazil, Russia, India and China) nations are optimistic about their growth in the next 12 months on expectations of a strong demand following signs of improving economic conditions, a KPMG survey has said.
China has overtaken India as the most acquisitive emerging nation in the first half of this year, amid a dramatic slowdown in mergers and acquisition deals by emerging market firms in the developed countries, a KPMG report said.
The 2009 BRIC Services Business Outlook survey by global consultancy KPMG signals an improvement in confidence in April after a sharp drop seen in October, 2008, amid the economic crisis. The BRIC Business Outlook Survey shows that India's service sector is set to grow solidly in proceeding 12 months. A net balance of 31.1 firms foresee their activity levels expanding, up from 15.3 last autumn to 60.3, it stated.
Let's take a look at some of these changes and how they will impact the globe.
At a time when corporate governance practices are a hot topic, a majority of Indian firms believe there is a need to evaluate performance of board members and significantly link compensation packages of CEOs to company performance, a KPMG report says.
The organised retail sector in the country has witnessed an 11 per cent decline in sales in 2008 and the slowdown is likely to continue for the next 12-18 months, says global consultancy firm KPMG.
The government's plan to mop-up additional revenue from indirect tax may not materialise
The Finance Act, 2020, has inserted a sub-section, mandating a seller to deduct tax equal to 0.1 per cent of sale proceeds if the value of goods sold exceeds Rs 50 lakh in a financial year.
Prime was the first to grab streaming rights for seven titles for an estimated Rs 300 crore.
Reinforcing the growing power and international presence of Indian corporates, an analysis of deals between emerging and developed economies since 2003, shows there were 322 completed deals where Indian buyers have acquired companies in the major developed economies, KPMG said. This, compared to 340 deals completed in the opposite direction, wherein developed economy entities bought into India, it said in its EMIAT study.
While the tax-to-GDP ratio of 9.88 per cent has been assumed for FY21, the same as last year, when it touched a decadal low, for FY22 a ratio of 10.7 per cent has been assumed, an average of the last five years.
Audit firms such as KPMG believe zero complaints may be an indicator of the lack of requisite mechanism to allow for such reporting
Aditi, Diksha, Tvesa to play at Ladies Scottish Open.
According to KPMG survey, BRIC nations are more optimistic about growth in 2008 than US.
As part of the fund mobilisation move, the cabinet decided to seek financial aid from abroad through non-resident Keralites, from major cities in the country and also from educational institutions in Kerala.
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