BDO INDIA
![NEET & Clean: Experts bat for exam rejig; recommend use of AI, computer-based tests](https://img.etimg.com/thumb/msid-111294059,width-100,height-75,resizemode-4/jobs/exams-results/neet-clean-experts-bat-for-exam-rejig.jpg)
NEET & Clean: Experts bat for exam rejig; recommend use of AI, computer-based tests
Their recommendations include holding computer-based tests, multiple shifts, multiple days, use of AI to ensure each question paper is unique, more involvement of medical colleges, higher discipline across the student community to adhere to fair testing.
![NCLT sees surge in voluntary liquidation as promoters seeking clean slate](https://img.etimg.com/thumb/msid-110563696,width-100,height-75,resizemode-4/news/company/corporate-trends/nclt-sees-surge-in-voluntary-liquidation-as-promoters-seeking-clean-slate.jpg)
NCLT sees surge in voluntary liquidation as promoters seeking clean slate
Voluntary liquidation is becoming a preferred choice for promoters to close unviable businesses and avoid losses and compliance costs. Most companies opt for liquidation due to inactive operations (69%) or commercial inviability (17%). This trend reflects pragmatic corporate decision-making and regulatory compliance evolution, despite some promoters exploiting it to evade creditors.
![No tax exemption on concessional or interest free loan from the employer, not even for bank employees, says SC](https://img.etimg.com/thumb/msid-110290512,width-100,height-75,resizemode-4/wealth/tax/no-tax-exemption-on-concessional-or-interest-free-loan-from-the-employer-not-even-for-bank-employees-says-sc.jpg)
No tax exemption on concessional or interest free loan from the employer, not even for bank employees, says SC
Tax on concessional interest rate loan: The Supreme Court of India has stated that bank employees have to have income tax if they have availed loan from their employers at concessional interest rate or interest free rate. However as per our calculations, even if bank employees pay income tax on this loan, they will still have some savings.
![Indian students jittery over pro-Palestine protests in US universities](https://img.etimg.com/thumb/msid-109927098,width-100,height-75,resizemode-4/nri/latest-updates/indian-students-jittery-over-pro-palestine-protests-in-us-universities.jpg)
Indian students jittery over pro-Palestine protests in US universities
With protests in support of Palestine intensifying on American university campuses, Indian students and their parents are feeling anxious about seeking admission there. If these protests continue to spread, it might affect the number of students choosing to enroll in US universities this upcoming fall semester.
![BDO India introduces executive search services](https://img.etimg.com/thumb/msid-109909825,width-100,height-75,resizemode-4/industry/services/consultancy-/-audit/bdo-india-introduces-executive-search-services.jpg)
BDO India introduces executive search services
As part of the global BDO organisation, the firm is looking to cater to the requirements of both domestic but international businesses.
![Big six corner most of auditing business in Nifty-500 universe](https://img.etimg.com/thumb/msid-109671636,width-100,height-75,resizemode-4/industry/services/consultancy-/-audit/big-six-corner-most-of-auditing-business-in-nifty-500-universe.jpg)
Big six corner most of auditing business in Nifty-500 universe
According to the report, of all the companies with equity shares listed on the NSE main board, the Big 6 Indian audit firms secured 637 assignments out of 1,961. This accounted for approximately 32.48% of the total, up slightly from 32.14% the previous fiscal year. Auditor details were missing for 47 organisations. A key standout has been the strong performance of Grant Thornton and MSKA affiliates who have established themselves as strong alternatives to the Big Four firms in audit business.
BDO India may set up GCC through a joint venture in Noida
The global capability centre (GCC), which will be set up in Noida, will look to recruit up to 5,000 people within the next 3-4 years, marking the latest instance of professional services firms establishing or expanding capability centres in India.
Top auditors stop offering non-audit work to clients
Top audit firms in India, including KPMG affiliate BSR & Affiliates and BDO affiliate MSKA & Associates, have stopped offering non-audit services to audit clients. This move aligns with the NFRA's strict stance on conflict-of-interest issues. EY affiliate SR Batliboi & Co is the only top firm still providing such services. This change comes amid global pressure for auditors to maintain independence and avoid conflicts of interest. The NFRA's regulations apply to Indian companies meeting certain thresholds.
Byju’s FY22 losses soar to Rs 8,245 crore; cash-strapped edtech explores rights issue at $500 million valuation
The rights issue, where existing investors will be offered the option to buy new shares in Think & Learn, may value the edtech firm at anywhere between $500 million to $1 billion.
At AGM, Byju’s investors press for transparency from founder
Losses of the edtech company’s parent, Think & Learn, swell past Rs 8,200 crore in FY22; WhiteHat Jr written off.
Byju’s board clears FY22 financial accounts, reappoints BDO as auditor at AGM
According to people present at the AGM, nearly 60 shareholders attended the meeting opened by founder Byju Raveendran, who also briefed them on company affairs.
E-way bills hit record 10 cr on festive demand, compliance
E-way bill generation in India reached a record high of over 10 crore in October, driven by robust festive demand and increased compliance. Both intra-state and inter-state bill generation recorded growth during the month, with inter-state trade growing at a faster pace.
Kishore Biyani moves Bombay High Court against BDO and Bank of India
On Monday, Future Retail said in the stock exchange announcement that Biyani has filed a writ petition against the company, its forensic auditor BDO India and its lender Bank of India.
Adani Group appoints MSKA & Associates as APSEZ’s auditor, says Deloitte's reasons to quit 'not convincing'
MSKA and associates offer accounting services in India, and it is an independent member firm of BDO International, which is one of the top six global audit firms, Adani Group informed on Saturday.
No technical default on bonds: Azure Power
A research report by Nomura released Friday said that the management of Azure expects to hear from NYSE on July 27 on its decision on their appeal regarding the stock's delisting. Just two days ahead of the mandated deadline set by NYSE for disclosures of FY22 results, the management stated that its auditors S R Batliboi & Co, an Ernst & Young (EY) Global affiliate, had resigned, and the new auditors would take 14 weeks to complete the audit for fiscal year 2022 of the group and the subsidiaries.
Amid board trouble, Byju’s promises investors September deadline for FY22 audited results
Founder Byju Raveendran and chief financial officer Ajay Goel, along with other leadership members, briefed about 75 shareholders on Saturday, addressing concerns about the company's financial affairs.
Byju’s auditor Deloitte Haskins resigns citing delay in FY22 financial statement, edtech names replacement
Auditor says delay in submitting accounts would have "significant impact" on their ability to plan, design, perform and complete the audit.
BDO to hire 25,000 in India over next 5 years: Milind Kothari
Professional services firm BDO, which started out in 2013 with two offices and 230 employees, is poised to add another 17,000 employees to its India practice and 8,000 to its global development centre-also in the country--by the end of 2028, according Milind Kothari, its India managing partner.
Drone delivers government pension to disabled man in remote Odisha village
"The sarpanch sent the money with the help of a drone. It's a big relief for me as the panchayat office is over 2 km away from the village, which is surrounded by a dense forest," said a beaming Satnami, who is a beneficiary of the state's Madhu Babu Pension Yojana.
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