In a post that has gone viral, a former Deloitte auditor has spoken out about the extreme working conditions at the Big 4 firm. His revelations come in the wake of discussions surrounding the tragic death of Anna Sebastian, a 26-year-old employee from Ernst & Young (EY) Pune, which has sparked a broader conversation on corporate work culture.
The ex-Deloitte employee described how he and…
Deloitte has responded to the recent uproar surrounding the tragic death of a young EY employee by establishing a committee to review its internal policies. This incident has sparked widespread debate about work culture in major firms like EY and Deloitte, emphasizing the need for robust employee welfare mechanisms.
Background The controversy began when a young employee at EY, Anna…
The Supreme Court recently dismissed Vodafone Idea and Bharti Airtel’s plea seeking a review of their adjusted gross revenue (AGR) dues. The telcos argued that errors in calculating their dues needed correction, which, if not addressed, could severely impact their financial health. This verdict marks another blow to Vodafone Idea, which has struggled to stay afloat amidst mounting debts and…
In a move reflecting growing celebrity interest in the stock market, Bollywood actress Madhuri Dixit has invested ₹1.5 crore in Swiggy, the food delivery giant, ahead of its highly anticipated initial public offering (IPO). This significant investment comes at a time when Swiggy is preparing to raise over $1 billion (approximately ₹8,389 crore) through its market debut later this…
Amazon India has appointed Samir Kumar, a 25-year company veteran, as the new head of its India operations. This major leadership transition comes at a time when Amazon faces fierce competition and regulatory challenges in the Indian market. Samir will assume his new role on October 1, 2024, replacing Manish Tiwary, who resigned in August 2024 to explore new opportunities.
Samir Kumar’s…
As the deadline for foreign portfolio investors (FPIs) to disclose their beneficial ownership (BO) to the Securities and Exchange Board of India (SEBI) closes in on September 9, the financial market is witnessing heightened anxiety. This regulatory requirement is part of SEBI’s move to bring greater transparency and prevent possible round-tripping of funds. However, not all FPIs are…
Starbucks is facing a major challenge in India, as homegrown coffee brands like Blue Tokai and Third Wave Coffee have rapidly gained popularity among consumers. Despite being one of the first international coffee chains to enter the Indian market, Starbucks has struggled to match the expansion rates of these domestic brands.
While Starbucks has opened over 340 outlets in India in the last…
In a major legal clash, Brazil’s Supreme Court has seized $3.3 million from the bank accounts of Elon Musk’s companies, X (formerly Twitter) and Starlink, in response to unpaid fines. Justice Alexandre de Moraes ordered the move after X refused to comply with the court’s request to remove certain flagged content from the platform.
Background of the Dispute
The ongoing…
South Korea’s tech giant LG Electronics is gearing up for a landmark financial move by planning an initial public offering (IPO) of its Indian subsidiary. The potential offering, which could raise as much as $1.5 billion, signals LG’s intention to further tap into India’s booming consumer electronics market and strengthen its global growth trajectory.
To navigate this ambitious IPO…
In a significant boost to India’s commercial real estate market, office space leasing has seen a remarkable surge in the first half of 2024. Bengaluru has emerged as the clear winner, with a staggering 4.5 million square feet of office space leased out – a whopping 53% of the city’s total commercial transactions!
But Bengaluru isn’t alone in this boom. Hyderabad and…
