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Stiff pricing26-OCT-09
While an under-penetrated market and robust business plans should help DEN Networks grow faster, competitive pressures are likely to intensify.
India Inc not in favour of dual GST: Deloitte survey13-OCT-09
The industry is not in favour of two rates for the proposed Goods and Services Tax at the Centre and the state level, a study has found.
KPMG to submit report in 10 days on CSB-Federal Bank merger09-OCT-09
Private lender Federal Bank today said that it was expecting to get report from consultancy firm KPMG, entrusted with the job of carrying out due diligence of Catholic Syrian Bank (CSB) for the purpose of merger with it, in the next ten days.
Logistics cost savings to have big impact on GDP: KPMG07-OCT-09
A reduction of the logistics costs by 1 per cent of the GDP means a saving of over $7.5 billion, according to a report on ‘Competitiveness Through Efficient Logistics’ released by KPMG in association with CII Institute of Logistics.
Firms worldwide continue their M&A spree despite slump: KPMG06-OCT-09
Notwithstanding the slump in the global market,the appetite for merger and acquisitions by companies both in the developed as well as emerging market economies like India and China continued to be robust in the first half of the year, a survey says.
GEC proposes to build first oceanarium at Dwarka coast29-SEP-09
In a bid to increase awareness among people of diverse underwater flora and fauna, Gujarat Ecology Commision (GEC) has sent proposal to the Union Ministry of the Environment and Forest to build a oceanarium at Dwarka coast in Jamnagar district.
Cos need to give more independence to internal audits: KPMG24-SEP-09
Indian companies need to give more independence to internal audits for effective monitoring of fraud risks, a KPMG report said.
Federal Bank up on merger talk24-SEP-09
The Federal Bank scrip rose 3.17 per cent to Rs 253.85 on kick-starting merger with Catholic Syrian Bank (CSB). Federal Bank started the process of financial due diligence entrusting the job to KPMG. The entire process is expected to take at least a month with details on swap ratio coming later also.
Financial city likely to come up in Chennai21-SEP-09
The Tamil Nadu government’s proposed Financial City is expected to come up on 180 acres of land at Sholinganallur and Perumbakkam, near Chennai.
Recession made IT majors rethink biz models: KPMG18-SEP-09
The preceding economic recession has led corporates and IT majors rethink and redesign business models for further improvement in terms of impact on organisational performance through better alignment from the planning stage, a survey by leading auditing firm KPMG said.
Cos continue to send employees abroad amid cost cuts: KPMG16-SEP-09
Companies across the world have continued to send employees overseas to take advantage of business opportunities, despite a reduced budget for international assignment programs during the economic downturn, a KPMG survey said.
HCL appoints Rothin Bhattacharyya as CEO of security arm15-SEP-09
HCL Security, a subsidiary of HCL Infosystems, today announced the appointment of Rothin Bhattacharyya as its Chief Executive Officer (CEO).
Most banks aim to deploy IT for cost reduction: KPMG11-SEP-09
The search for the next big business need that may be fulfiled through IT is what drives technocrats in the banking sector today. While, capital and operational expenditure in IT by a majority of the banks hovered around 1-3 per cent of their annual revenues, technology is now being considered for deriving strategic advantage for effective business growth and cost reduction projects within the bank. The findings were part of the ‘IT Current Status Survey’ conducted by KPMG to help identify key technology trends in Indian banks.
IT projects to cut costs for banks: KPMG11-SEP-09
Many of the banks in the country are planning to deploy technology related projects over the next one year, with an aim to reduce costs and ensure business growth, a study by global consultancy KPMG says.
Many banks planning IT projects for cutting costs: KPMG10-SEP-09
Many of the banks in the country are planning to deploy technology related projects over the next one year, with an aim to reduce costs and ensure business growth, a study by global consultancy KPMG says.
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