Connected cars are becoming the mainstream choice for many new car buyers in India fuelled by rising disposable incomes and an influx of new models. Such cars, which have embedded chips allowing internet access, enabling drivers to transmit, store and receive information collected via sensors – currently make up as much as 30% of all … Read more
India’s automotive sector employers are likely to offer double-digit pay increases in 2024, according to a new study, continuing the uptrend of the previous years as they seek to retain good talent. The pay rise is likely to be 10.5% on average for staff of automotive producers and 10% for those working for suppliers, according … Read more
NEW DELHI: GST collections rose 9.3% to Rs 1,72,129 crore during January, according to preliminary numbers released by the finance ministry on Wednesday.The collections, based on transactions in Dec, are the second highest since the introduction of the GST in July 2017 and only the third time that the kitty has gone past the Rs … Read more
Home Business Deloitte In Eye Of Storm As SEC Probes Tingo For $470 Mn Scam, Experts Call For Greater Oversight To Protect Indian Investors The US regulator said it found “billions of dollars” in fictitious transactions through entities controlled by Dozy Mmobuosi, the founder and former CEO of Tingo. Published: January 28, 2024 6:53 PM … Read more
To incentivise the manufacturing sector and generate employment, the government may extend the scope of PLI scheme to include sectors like garments, jewellery and handicrafts in the forthcoming interim Budget, Deloitte said. Currently, Production-Linked Incentive (PLI) scheme is available for 14 sectors. Deloitte India Partner Rajat Wahi said driving rural income is one of ways … Read more
Christmas, New Year year-end leaves: This holiday season, several companies in India are encouraging their employees to take time off and spend it with their loved ones. In order to compensate for the small number of staff members who may be required to work during this time, these firms are providing compensatory leave. With a … Read more
It was around the mid-80s when Punit Renjen, a resident of Rohtak in Haryana, set foot in the US after having secured a scholarship for a Master’s degree. Renjen, who created a record of sorts when he became the first Asian to lead one of the Big 4 professional services firms after he was appointed … Read more
Ernst & Young (EY) is undertaking a significant round of partner layoffs, affecting various U.S. business segments, as the global accounting giant contends with diminishing demand for specific services and strives to streamline operations following the abandonment of its plan to split the firm, reported Wall Street Journal.The extensive partner cuts are primarily concentrated in … Read more
BEIJING/HONG KONG: China’s finance ministry has proposed that auditors undergo or conduct additional cybersecurity checks when their work involves national security.A draft of the new measures, made public on Friday, also lays out how accounting firms should manage data that relates to Chinese firms.Over the past two years, China’s cybersecurity authority has established policies that … Read more
NEW DELHI: The G20 presidency has helped India earn respect of other countries by focussing on inclusivity, digital infrastructure and efforts to bring in the African Union within the fold of the grouping, said Deloitte South Asia CEO Romal Shetty. In an interview with PTI, Shetty said the decision of the Indian government to hold … Read more