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Deloitte to pay $21.5 million to settle US government probe over DEIThe U.S. Department of Justice has concluded an investigation into Deloitte's diversity and inclusion efforts, leading to a $21.5 million s...
Lok Sabha clears tax bill to boost electronics manufacturing, ease investment rulesThe Lok Sabha approved a bill promoting domestic electronics manufacturing and foreign investment. Foreign firms producing electronics loca...
Flipkart chief rules out IPO timeline; Infosys names new CEOHappy Friday! Flipkart group CEO Kalyan Krishnamurthy talked to us about IPO plans, quick commerce, and festive demand. That and more in to...
EPF Scheme 2026: Key changes in nominations, PF withdrawals, and employer complianceKey features— such as the 12% contribution rate for employers and employees as well as the Rs.15,000 statutory wage ceiling—remain unchange...
Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...
Insurers face margin pressure amid rising competition, costs; rural protection gap persists: ReportIndian insurers are feeling the pinch from fierce price wars and increasing operational expenses. To thrive, they must manage capital wisel...
FPIs get tax relief on gilts, ease of InvestmentIn a strategic step to lure foreign investment, India has eliminated taxes on capital gains and interest for overseas investors in its gove...
From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashedByju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his dis...
Budget 2025: Settlement scheme like Vivad Se Vishwas needed to clear high backlog of legal tax disputes, say expertsBudget 2025: Schemes like Vivad Se Vishwas need to continue to clear huge legal backlog. Further rationalisation measures for income tax as...
CBDT notifies date for direct tax dispute resolutionThe Central Board of Direct Taxes (CBDT) has notified the rules for the Vivad se Vishwas 2.0 scheme, which aims to settle tax disputes pend...
When will you receive salary, full & final settlement under new wage codes?The Code on Wages, 2019 has mentioned the various timelines for making payment of salaries, full and final settlement (if an employee resig...
- Supreme Court approves loan settlement offer by Siva Industries Promoters
Siva group founder C Sivasankaran's father, RCK Vallal, offered the settlement under Section 12A of the Insolvency and Bankruptcy Code, whi...
NCLAT upholds Siva Industries liquidationThe settlement offer under Section 12A was made by RCK Vallal, who is the father of the founder of Siva group, C Sivasankaran. Siva Group i...
Sebi forms 4-member high powered advisory committee on settlement orders"On most occasions, the applicants apply for settlement towards the end of this timeframe. Such delays not only do not serve the purpose of...
Sebi forms 4-member high powered advisory committee on settlement orders. The committee will be chaired by Vijay C Daga, retired judge of High Court of Bombay. The other members of the panel are - former law sec...
RCom may approach NCLAT for Rs 577 crore refund from EricssonRCom says Swedish telecom equipment company should not have got its dues when other creditors are still awaiting proceeds
Reliance Communication RP can’t demand Rs 576-cr refund: EricssonDeloitte sought the refund, saying the Swedish company had to be treated at par with other operational creditors and that the insolvency re...
- Mahindra Satyam settles Upaid case for $70 mn; appoints Deloitte as auditor
Satyam would make a first payment of $45 mn within 10 days of getting regulatory approval of the settlement. IT clients look beyond India |...
- GM, Deloitte agree to $303 mn settlement
Attorneys say General Motors and an accounting firm have agreed to pay $303 million to investors to settle a lawsuit surrounding allegation...
- Deloitte agrees to pay $38 mn to ex-Delphi investors
The accounting company Deloitte & Touche has agreed to pay $38.25 million as part of a $325 million settlement of investor claims of miscon...