TCS becomes first Tata company to extend medical cover benefits to LGBT employees
Up to 50% of the cost of sex/gender reassignment surgery will be covered by insurance.
Breather for BPOs: Government withdraws contentious GST Circular on back office support services
The Circular was ambiguous and continued to ...
Coal-fired plants may have to scale down utilisation to 35% by 2022: KPMG
“Even a scenario with 130 GW of renewables instead of the planned 1...
Typo in tax bill? Bill says lower MAT not this year
However, while the Ordinance said that the lower MAT will be effective immediately, the Bill said the reduced MAT will come into effect from next financial year.
Big four face investor calls for tougher climate scrutiny
The case for tighter auditing has been bolstered by public statements from regulators and accounting watchdogs highlighting the potentially systemic risks that climate change could pose. The investors said they were concerned that climate change was being “ignored” in accounting and audits. The letter was seen by Reuters and its contents are being made public for the first time.
Logistics firms feel the slowdown, scale back on expansion
India’s second-quarter GDP data is to be released on November 29. In the recent past, auto sales, consumption, real estate sales and bank credit data have pointed to a demand slowdown. India’s industrial production shrank for the second consecutive month in September, its worst performance in the series that began in April 2012.
ETILC members hold out hope amid slowdown
There is also uncertainty caused by poor capital formation. The banks are flush with funds but are risk averse. Credit growth has fallen to 2.7% for industry, the lowest in 12 months. And for services, after clocking over 20% between April 2018 and February 2019, it has plummeted to 7.3% , the lowest in 24 months.
Indian banks set to take a hit of Rs 36,000 crore from DHFL writeoff
The company’s shares are already down more than 90 per cent so far this year.
KPMG audit finds fund misuse by DHFL
The audit has found that mortgage lender has disbursed loans and advances to inter-connected entities that appear to be linked to its promoters. Repayments by 28 such entities worth Rs 12,541 crore are not traceable.
Govt eases input tax refunds for exporters
Delay in the issuance of refunds has been a sore point for exporters since the switchover to goods and services tax (GST) regime in July 2017. The new directive from the Central Board of Indirect Taxes and Customs (CBIC) follows assurance from finance minister Nirmala Sitharaman to the industry on easing of compliances.
Are IPOs injurious to wealth?
Whether IPOs are PE backed or not, there’s a mystery surrounding them.
Non-PE backed IPOs shine a shade brighter than PE-backed firms on debuts
Excluding 11 PSUs, the average listing returns by 26 non-PE backed companies stood at 23.3%.
India to see $100 billion energy investment by 2024: Dharmendra Pradhan
"India will see an investment of USD 100 billion by 2024 in oil refining, pipelines, city gas distribution networks, and LNG terminals. Of this, USD 60 billion will flow into the creation of gas infrastructures such as pipelines, city gas networks, and import terminals," the petroleum minister said while speaking at KPMG's Enrich 2019 conference.
UberEats India devours firm's global numbers
Uber's total revenue rose nearly 30% to $3.81 billion, while net loss widened to $1.16 billion in the quarter ended September 30, the company said in a statement.
With forensic audit confirming fund diversion, endgame nearing for DHFL, Wadhawans
The third largest mortgage lender had sought a Rs 15,000-crore lifeline from the lenders as they finalise the resolution plan, which may also include picking up 51 percent equity in the company by converting their debt into equity.
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