Big Four

The proposed amendment aims to enable the emergence of large domestic firms capable of competing with global players and capturing a share of the $240-bn international auditing and consultancy market

Industry professionals welcome move, but point to onerous regulatory hurdles, such as a block against multi-disciplinary collaboration and advertising, that need to be tackled first

Narayanan Ramaswamy, National Leader - Education & Skill Development at KPMG India, shares transition from B-school to corporate tips, the skills global MBAs need, and how to stay ahead in an AI world

An Amrop study shows EY and Deloitte ramping up hiring in tech and business consulting practices, with SAP, Oracle and digital roles driving talent and promotion growth

A first of its kind meeting to discuss this issue was held on Friday by the Prime Minister's office

Between the June and December quarter of FY25, the number of insolvency applications initiated by financial creditors went down from 150 to 84

The top consulting firms expect the current pace of activity to intensify in the coming days

The Indian arms of Deloitte, PwC, EY, and KPMG outpaced their global counterparts in FY24, driven by booming demand for consulting services, with revenue set to surpass Rs 45,000 crore by FY25

Deloitte recently laid off around 250 advisory staff members in the UK, while EY's annual report on Thursday revealed a reduction of 2,450 employees over the past fiscal year, a first in 14 years

Deloitte India has over 500 of these architects and says there is a growing demand for them across the consultancy's clients

The idea that large companies need demand visibility to invest, so lower-income demand needs to be stimulated, does not hold water

The court also said that the firms, along with the partners, are also liable to reply to the ICAI notices

The Project Himalaya, announced last year, involves the merger of the delivery capabilities of consulting, risk, and advisory practices of its units in the US, the UK, and India

Interacting with the ICAI in Patna, Sitharaman sought a commitment from them to start work on the same as part of their 100-day agenda for Viksit Bharat by 2047

"The overall aim is to provide ease of growing practice and facilitate the Indian CA firms grow bigger," he said

Deloitte, KPMG, PwC and EY say business feel greater need for regulatory compliance after the coronavirus

Demand environment remains challenging for IT

About fifty organisations and 16 departments/ ministries outsourced work to these consultancy firms, which include PwC, Deloitte, Ernst & Young and KPMG, along with McKinsey & Company

The Big Four have overhauled their operations over the past few years to gain a wider share in the high-demand advisory and technology services firms

The consulting firms have gone into a temporary wait-and-watch mode on certain things in the Bill until a rulebook could clarify it for them