Indian Real Estate: The desire for homeownership remains undeterred among consumers, as residential sales continue to breach previous highs. In the first nine months of 2023, an estimated 196,227 units were sold across top seven cities—marking a 15-year high.
KPMG India, KPMG US, and KPMG UK plan to merge their advisory practices, aiming to boost consulting services in India. This aligns with a global trend among Big Four firms to address conflicts of interest and capitalizes on KPMG s recent growth in technology consulting and risk services., , kpmg, kpmg india
Termed "Project Himalaya" within KPMG, this endeavour has been quietly underway for several months and is spearheaded by KPMG India s CEO, Yezdi Nagporewalla, along with select partners. The new entity, when formed, is expected to soon grow to 50,000 people in its fold, and combined revenue just from India platforms would be more than $1 billion.
The GST Authority for Advance Rulings (AAR) in Karnataka has ruled that Juspay Technologies, the company behind the ride-hailing app Namma Yatri, is considered an e-commerce operator under GST regulations. However, the AAR clarified that Juspay Technologies is not required to collect and remit GST on transportation fares, as the supply of passenger transportation does not occur "through" their platform.
Businesses need to address pressing environmental concerns while focusing on their own long-term resilience, competitiveness, and profitability. Supply chain sustainability holds the key.