Key reasons identified for the increase in fraud incidents over the last two years include large-scale remote working models, an increase in customers using non-branch banking channels and the limited/ineffective use of forensic analytics tools to identify potential red flags
India must act on climate change to prevent $35 trillion loss, could gain $11 trillion: Deloitte report
Over the next 50 years, the top five most impacted industries in terms of economic activity are expected to incur a significant share of climate-related loss.
A cumulative pre-tax loss of almost $1.4 billion was also the largest in Premier League history.
Brentford to earn over $200 million in additional revenue in event of Premier League qualification, says study
If Brentford survive their first season, the additional revenue would rise to 265 million pounds ($345 million) over five years.
Premier League reinforced its reputation as the richest football league in the world by posting a 7% year-on-year increase in revenue, primarily driven by UEFA distributions to the clubs.
COVID-19 impact: Indian consumers exercise greater decision-making in buying, spending after pandemic outbreak: Deloitte
Consumers are no longer rushing about being home stocked with more than they immediately need.
Coronavirus Lockdown: Salary cut imminent; 27 out of top 100 companies can't sustain current wage bill, says Deloitte study
As many as 27 out of the top 100 companies listed on the National Stock Exchange (NSE) will not be able to sustain current wage bill if their revenue dip by 30 percent or more due to a nationwide lockdown and imminent salary cuts, a Deloitte study said
Bombay HC quashes prosecution against 2 former IL&FS audit firms; says SFIO complaint filed before special court bad in law
In June last year, the ministry of corporate affairs had moved the NCLT against BSR and some of the then external auditors of IL&FS alleging professional misconduct.
RCom creditors panel to vote on Rs 23,000-cr resolution plans on 24 February; loans of Chinese lenders to reduce by nearly 65%
RCom's secured debt is estimated to be around Rs 33,000 crore. Lenders submitted claims of around Rs 49,000 crore in August.
Deloitte stops non-audit services to public interest entities in India; says move to increase people's confidence in auditor independence
In a statement, Deloitte said this voluntary action is in the spirit of self-regulation and extends beyond non-audit services permissible under prevailing rules and regulations in India.
Expressing optimism in the Indian market, Deloitte Global CEO Punit Renjen on Monday said the company is committed to creating 75,000 jobs in the country in three years
VG Siddhartha was confirmed dead on 31 July, 2019 after his body was found in the Netravati river in Dakshina Kannada district of Karnataka, a day after he went missing
Infosys whistleblower complaint: Shades of Satyam fiasco; US is epicentre of both firms, but auditors can still redeem themselves
The US SEC is taking up cudgels for American investors. It is in the fitness of things that SEBI should bat for the Indian investors in Infosys
The outlay for transfer window was 0.9 billion euros more than the previous record set in 2018, with England’s Premier League clubs spending 1.55 billion euros with a net spend of 635 million euros.
Hong Kong banks gird for online-only onslaught with high deposit rates, low fees, snazzy branches, fee waivers
The digital banks plan to begin by offering services such as savings accounts, credit cards, personal loans, foreign exchange and travel insurance.
An Indian tribunal on Friday rejected an appeal by the auditors of debt-laden Infrastructure Leasing & Financial Services (IL&FS), challenging the court’s jurisdiction to ban them for alleged abetment of financial fraud
DHFL reiterated that the company has been facing a liquidity crisis since September 2018, and despite the challenges, it has so far paid back over Rs 41,000 crore
Shares of Dewan Housing Finance Corporation Ltd on Monday tanked 10 percent following reports that Deloitte has quit as the auditor of cash-strapped DHFL
Deloitte Haskins & Sells quits as auditor of cash-strapped DHFL; cites no reason for quitting: Report
Cash-strapped DHFL sits on a debt pile of Rs 90,000 crore and has defaulted on its various repayment obligations in a serial manner in the recent past.
DHFL expects lenders approval of resolution plan by month-end; private equity firms in talks with promoters for strategic stake
DHFL has received non-binding indicative term sheets as part of the proposed corporate restructuring of the company