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According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

Vodafone partners with HP, KPMG for GST solutions in India

The solution includes HP hardware, GST invoicing software by KPMG, cloud storage for storing invoice data, among other...

17 Oct 2017 9:04 AM GMT

The other banks which reported large number of frauds to the apex bank during the period include Axis Bank (189), Bank of Baroda (176) and Citibank (150). (Representational Image)

Big 4 accounting firms on IBA's list of forensic auditors

Number of banking fraud cases involving Rs 1 lakh and above has increased to 5,076 in the fiscal ending March 2017, from...

18 Sep 2017 1:26 PM GMT

Global tech major Microsoft is looking at investing in Indian tech startups through its venture funding arm, a senior official has said.

Microsoft denies auditing partner KPMG's anti-piracy work in India

Denial comes after a prior claim made by an executive of the US technology giant following a client complaint in March.

25 April 2018 5:36 AM GMT

Microsoft said it was working with AMD to resolve the issues.

Microsoft investigating KPMG's anti-piracy work in India

After a complaint filed, Microsoft is looking into the methods that KPMG uses to crack down on the illegal use of its...

14 April 2018 2:34 AM GMT

Microfinance is growing at 48 per cent CAGR in the last five years, there is still room for growth given that microfinance penetration is 25 per cent of the addressable market, KPMG India national head (Financial Services) Gayathri Parthasarathy said in the report. (Photo: Representational)

Room for strong growth for microfinance in India: KPMG

Eastern and northeastern regions of the country have played a key role with the highest share of loan portfolio at 35...

19 Dec 2019 6:19 AM GMT

FICCI President Rashesh Shah suggested that a rate cut be facilitated in the coming quarters to spur demand and investments.

FICCI KPMG report suggests action plan for smart cities

Both organisations said that formal guidance based on well-defined cybersecurity policy will be important for reducing...

23 Feb 2019 6:49 AM GMT

The report said that globally, VC deal volume declined for the fourth consecutive quarter with only 2,657 deals representing the lowest number in 31 quarters since Q211.

Global VC investments fall to $53 billion this year

Interestingly, there have been other lucrative and potentially key sectors in India as well, which can come up really...

16 April 2019 7:43 PM GMT

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Budget may hike I-T exemption threshold, levy 40 pc tax on income over...

The pre-Budget survey 2019-20 conducted by KPMG (India) included responses from 226 respondents spanning across...

30 Jun 2019 7:06 AM GMT

Competition Commission of India

Government wants antitrust review of Big Four' accountants: source

CCI should look into dominance of these four global auditors and whether they are thwarting competition.

22 July 2019 7:59 AM GMT

Deloittes filing showed it last month argued the government case should be dismissed because it came after the auditors 10-year stint at IFIN ended.

Deloitte misreading law, trying to avert ban: Government

Deloitte Haskins and Sells LLP is contesting the government's call for the ban on the auditor for its alleged...

15 July 2019 8:42 PM GMT

In Q2 2018, total deal value stood at $403 mn and in Q2 2017 at $1,683 mn.

Investor interest in fintech space falls

In June quarter, fintech space witnessed deals valued $63.3 million, the lowest quarterly deal value since Q 3 2014.

1 Aug 2019 8:52 PM GMT

Former chief executive of Wirecard, Markus Braun, arrested on suspicion of market manipulation. (AFP Photo)

Wirecard scandal: Former CEO Markus Braun arrested over missing...

German payments provider Wirecard on Monday admitted 1.9 billion euros that auditors say are missing from its accounts...

23 Jun 2020 9:36 AM GMT