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India's banking, financial institutions struggling to deal with increasing fraud: Deloitte survey
•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.
Premier League clubs suffer losses of nearly $1.4 billion during COVID-19 pandemic
•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 clubs post record 5.2 billion pounds revenue but face COVID-19 impact: Report
•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
Fp Staff •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.