Bank boards play active role in model risk management: Survey

Fifty percent of private and public sector banks agree that boards play an active role in management of model risks, a survey says.

CBDT eases taxation norms for bonds, debentures held by companies

Seeking to simplify the procedure and promote ease of doing business, CBDT has said capital gains tax will be computed from the date of acquisition of financial instruments like bonds and debentures and not from the date of their conversion into shares.

Deloitte, KPMG, PWC empanelled for RBI's info systems audit

Deloitte, KPMG, PWC empanelled for RBI's info systems audit

Deloitte, KPMG, PWC and four others have been empanelled by the Reserve Bank for conducting audit of information systems of the central bank.

USD 15-20 billion of commercial space eligible for REITs in 2-3 years

USD 15-20 billion of commercial space eligible for REITs in 2-3 years

As per a KPMG survey, around 80-100 million square feet of commercial space worth USD 15-20 billion would be eligible for Real Estate Investment Trusts in the next 2-3 years.

KPMG reviews Swiss auditing unit over FIFA: Report

KPMG reviews Swiss auditing unit over FIFA: Report

Auditing firm KPMG has launched an internal review of its Swiss business over audits of world soccer body FIFA`s financial record keeping, according to a Swiss newspaper.

Global CEOs bullish on biz growth, hiring prospects over 3 years

Global CEOs are confident about the growth prospects of their businesses over the next three years and 80 per cent of them have bullish hiring outlook for this period, says a KPMG study.

Internet users in India to reach 503-mn by 2017: Report

The overall internet user base (wireline and wireless) in the country stood at approximately 350 million as on June 2015 and is estimated to touch 503 million by 2017, the report titled 'India on the go?mobile Internet Vision' by IAMAI and KPMG said.

Blue Star consolidating manufacturing operations

The process of consolidation of existing six manufacturing facilities began in March and would save the company about Rs 30 crore per annum on transportation and logistics, Blue Star Executive Director and President (Air-conditioning and Refrigeration Products Business) B Thiagarajan told reporters.

FIFA`s finances in the spotlight

FIFA`s finances in the spotlight

The corruption scandal engulfing FIFA raises troubling questions about how its auditors failed to sound the alarm over the alleged systematic payment of millions of dollars in bribes.

Lack of creative content hampering animation growth: Official

The country has to be satisfied doing only lower-rung work of offering services, without creating original content, he said.

Online retail spending to touch $16 bn by 2018: Report

The online retail spending in the country is expected to reach USD 16 billion (around Rs 1 lakh crore) by 2018 with the number of people buying online touching 128 million, a report said Monday.

6 Indian infra projects figure in KPMG world markets report

These projects were evaluated on the basis of their scale, feasibility, complexity, innovation and impact on society, KPMG said.

KPMG to submit coal rationalisation report tomorrow

Global consulting firm KPMG will submit the draft report on coal rationalisation to the government on Thursday.

KPMG to do forensic audit of UCX; submit report in 6 weeks: FMC

Commodity markets regulator FMC on Tuesday said auditing firm KPMG has been appointed to conduct a forensic audit of the Universal Commodity Exchange after it found that its promoter allegedly siphoned off funds from the exchange.

KPMG to submit coal rationalisation report this week: Goyal

Global consulting firm KPMG will submit the draft report on coal rationalisation to the government in a day or two, Power and Coal Minister Piyush Goyal said on Thursday.

60% family businesses struggling to find external finance: KPMG

Family businesses create more than 70 percent of global GDP, but their fund raising plans are "limited" as nearly 60 percent of such entities are struggling to find external finance to fund their investment plans, said a KPMG report.

KPMG India Dy CEO Dinesh Kanabar to quit

He will leaving the company by end of October this year, the statement said.

MFs rope in KPMG to comply with new US tax law

FATCA, which took effect from July 1, may have significant implications for Indians residing in the US and investing in products offered by the Rs 10 trillion Indian mutual fund industry.

89% executives say cybercrime major threat for businesses:KPMG

Cybercrime has emerged as a major threat for businesses across the country, with an overwhelming 89 percent of executives surveyed believing such attacks could hamper not only the financial dealings but also damage the brand value and market reputation, says a KPMG report.

Home loan EMI of affordable houses may fall by 8-10%: KPMG

EMI on home loans is expected to come down by 8-10 percent following the RBI's move to ease norms for banks to raise long term funds for financing affordable housing projects, consultant KPMG said on Wednesday.