Page 2 - Grant Thornton

Nabard clean chit to Reliance Commercial Finance, sees no fraud in GT audit

Nabard had classified the account of RCFL as "red flag" in February this year, which led to a detailed forensic audit of the company's books, delaying its sale.

DHFL used multiple software to hide fraudulent deals: forensic report

FoxPro used to show disbursements, receipt of funds from over 260,000 fictitious borrowers

Subsidy extension to spur demand for affordable housing, say experts

The scheme, which has been extended to March 2021, offers interest subsidy of 3-4% to middle-income groups, depending on their income levels

Big-box retailers turn to small stores amid soaring rentals, red tape

Ikea is not the only one moving away from large-format stores

What next, Reliance Home Finance?

This is no default caused by liquidity tightness. It could have been avoided had the loans to group companies not been given. Period.

India business optimism subdued, only 64% firms have positive outlook: IBR

Earlier, India stood at sixth position with 78 per cent of the total respondents showing confidence in the economic growth for the April-June 2018 period

India Inc's Jan-May deal tally at $35 bn: Grant Thornton

Corporate India announced merger and acquisition deals worth USD 1.89 billion in May, taking the year to date tally to USD 35.44 billion driven by big- ticket transactions, says a report. According to assurance, tax and advisory firm, there were 36 deals worth USD 1.89 billion in May, while in the corresponding period last year there were as many transactions worth USD 1.83 billion. In value terms, M&A activity registered a marginal increase of 4 per cent over the same period last year. While the domestic transactions recorded a nearly two-fold increase, the cross-border deal values fell by 49 per cent due to reduced inbound investor interest. During January-May 2017, there were 170 deals worth USD 35.45 billion, registering a significant jump over last year when 204 deals worth USD 13.37 billion were announced. "All eyes seem to be now on GST implementation and its impact on not only trade and economy, but more importantly on investor interest," Grant Thornton India Partner ..