Page 4 - Kpmg

KPMG to assist government in strategic divestment of IDBI Bank for Rs 1

The near-zero bid could make KPMG one of the largest players in managing deals in the financial services space if IDBI Bank sale is a success

Explained: How RBI's tough new rules impact the audit companies

The central bank's tough new rules spell major changes in the competitive landscape for financial services audits

Srei Equipment Finance appoints KPMG, DMKH & Co for forensic audit

The company has been in discussions with lenders for debt realignment. But lenders are unlikely to approve it without a forensic audit

Four years after Modi push, no Indian firm in top league of auditors

Some prime slots are at best held by Indian arms of foreign firms with roots in Europe; govt itself favours the big four for mega advisory roles like disinvestment or asset monetisation

India sees second-best year for fintech funding despite Covid-19: KPMG

India attracted 2.7 billion dollars in investment last year, the second highest amount ever, KPMG asid

Raise revenues from improved tech-driven enforcement: KPMG to govt

To help resolve tax disputes, a majority of respondents feel that a mediation scheme should be introduced in the Budget to help in negotiating settlements.

Govt should eye better collections than higher taxes for funds: KPMG Survey

A fund-starved government will be better off looking at increased collections fuelled by an economic recovery, the survey said

Loan book audit at IDBI Bank to identify stress areas ahead of stake sale

Audit report may form the basis of valuations in impending disinvestment by the government

Bain & Co top recruiter in first cluster of IIM-A summer placements

Company extends 20 job offers; it is followed by BCG with 19 offers

Govt's scheme for FPOs/FPCs catches eye of KPMG, EY, and Grant Thornton

The NPMA will provide project guidance, data maintenance, and monitoring to the 10,000-odd FPCs.

IPO expenses likely to ease further this year, say industry players

Investment banking and legal fees, advertisement and marketing, listing fees and brokerage, and selling commission are the typical cost heads incurred by a company for an IPO

UPL stock tanks after auditor of Mauritius subsidiary steps down

The communication on Thursday said that the auditor of the UPL Corporation (UPL's Mauritius subsidiary), KPMG Mauritius, had resigned with effect from October 8, 2020

Covid-19 impact: Media market to contract in FY21, but digital holds up

Digital advertising, says KPMG, will overtake TV advertising for the first time this fiscal, pointing to the priorities of advertisers

Domestic pharma market to grow 12-14% in 3 years, exports by 8-14%: KPMG

The country ranks as the third-largest pharma market globally by volume and 13 largest by value

India's pharma market to grow by 12-14% in three years, says KPMG

India's domestic pharmaceuticals market is expected to grow by 12% to 14% in the next three years while the export market may grow by 8% to 14%

Tier-2 and 3 consumers more hopeful of rebound in retail: KPMG report

Nearly 22 per cent consumers in tier-2 cities and 30 per cent in tier-3 towns feel their spending will either increase or remain the same as prior to Covid-19

Separate audit units from other biz by June 2024: UK watchdog to Big Four

Auditors are under greater regulatory scrutiny than ever after a serious of high-profile lapses in recent years

3 agencies qualify tech round for assisting DPIIT in start up initiatives

Three consultancy agencies - PricewaterhouseCoopers, Ernst & Young, and KPMG Advisory, have qualified the technical evaluation round for assisting the Department for Promotion of Industry and Internal Trade (DPIIT) in effective and on ground implementation of initiatives for startups. In March, the department had invited a request for proposal (RFP) for the appointment of a consulting agency for Startup India, following which four consultancy firms bid. According to the minutes of a meeting that was held on June 26 to evaluate the preliminary proposals, these three firms have scored more than 60 marks and are found to be technically qualified. The evaluation committee, Chaired by DPIIT Joint Secretary Anil Agrawal, has "decided to open financial bids for all the qualified applicants on July 6". The minutes stated that Grant Thornton India LLP has failed to obtain minimum marks for technical qualification and "hence disqualified for the opening of its financial bid". The ...

Reliance Infrastructure removes KPMG from BSES stake sale process

KPMG's exit from the mandate means the entire process will now start afresh, led by RInfra itself

Audit companies exploring digital options to clear lockdown hurdle

While many companies are sharing documents digitally, some have also opened their servers to auditors to access the data they require