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The Latest Breaking News from KPMG

AAP Rolling News Bulletin June 16, 1030

AAP Rolling News Bulletin for June 16 at 1030

AAP

FED:Federal government warns consultancies on standards

A major consultancy firm has been warned the federal government expects it to uphold the highest ethical standards, as a departmental review gets underway.

AAP

'Taken for mugs': KPMG referred for corruption probe

Beleaguered consultancy firm KPMG is under more pressure after being referred to a corruption watchdog, while it also faces a government halt on contracts.

AAP

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Ethanol transition can shift to "Transport Energy Backbone" to shield India from oil shocks: KPMG

India's ethanol use is evolving beyond simple blending. It is set to become a key transport energy source. This will help manage fluctuating global fuel prices. An adaptive fuel system, varied distribution, and flex-fuel vehicles are crucial. This shift aims to enhance energy security and reduce reliance on external price…

The Economic Times

Scaling growth and risk: Why managed services are now mission-critical for India Inc

The question should no longer be about whether to adopt managed services but about how to use and leverage them to transform functions.

The Economic Times

A major KPMG report on AI was found to be chock-full of...AI hallucinations

GPTZero has been prompted to issue its second report revealing how a major report is full of fake, AI-generated citations.

TechRadar

KPMG loses contracts and leaders amid scandal over alleged confidential leaks. Here’s what you need to know

Consulting firm’s Australian arm shared secret client information internally in order to win lucrative audit contracts, a whistleblower has alleged

The Guardian - AU

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NSW Labor officials investigated over allegedly disguising donations to Minns – as it happened

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The Guardian - AU

May heatwave boosts spending on barbecue food, sandals and sunglasses

Total UK retail sales increased by 3.7% year on year in May, well above the 12-month average of 2%, according to the BRC and KPMG.

Evening Standard

India's electronics manufacturing boom faces 'scale without depth' hurdle: KPMG

India's electronic manufacturing services market is set for substantial growth, projected to reach over $150 billion by FY30. This expansion hinges on moving beyond high-volume assembly to embrace design and component manufacturing. Strategic focus on automotive, industrial, and aerospace sectors will drive long-term value.

The Economic Times

Incuspaze acquires coworking firm iKeva to scale operations

Flexible workspace operator Incuspaze has acquired coworking firm iKeva through a 100% buyout to strengthen its presence in Hyderabad and Bengaluru. The acquisition is expected to add nearly Rs 100 crore in annual revenue and supports Incuspaze’s expansion plans as it targets Rs 1,000 crore revenue by FY29.

The Economic Times

UK companies opting to hire temporary workers over permanent staff, recruitment firms say

Report blames Middle East conflict and rising business costs for fragile jobs market and steep fall in recruitment

The Guardian - UK

FED:Wider watchdog inquiry launched into consulting firm

The head of ASIC has confirmed a broader investigation is under way into Big Four consulting firm KPMG following allegations from whistleblowers.

AAP

Wider watchdog inquiry launched into consulting firm

The head of ASIC has confirmed a broader investigation is under way into Big Four consulting firm KPMG following allegations from whistleblowers.

AAP

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The Canberra Times

'No procedure': watchdog defends keeping $3m KPMG contracts amid probe

Partnership loophole leaves watchdog powerless to discipline KPMG.

The Canberra Times

Depts reviewing contracts after scandal-hit firm's accusation of deceptive conduct

Officials reconsidering millions in KPMG contracts.

TechRadar

AI is the top investment area for 3 out of 4 insurance CEOs

The insurance sector seems highly prepared to invest in AI, with more seeing it as an opportunity than a threat.

The Economic Times

Skyroot Aerospace forecasts Rs 977 crore in revenues by FY27, ahead of Vikram-1 launch

Indian space startup Skyroot Aerospace projects significant revenue growth, aiming for over Rs 13,000 crore by FY32, driven by launch services and satellite systems. Ahead of its maiden orbital launch, the company's space systems division is already generating revenue, with launch services poised to become the primary growth engine.

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The Economic Times

From Rs 2 lakh to Rs 57 lakh: KPMG employee shares how his salary jumped 26 times in 10 years

Anirudh Rapole, a chartered accountant, shared his decade-long salary journey at KPMG. Starting with less than ₹2 lakh annually during his Articleship, his earnings grew significantly. A move to KPMG Sweden in 2021 saw his salary jump to over ₹57 lakh. Rapole emphasized CA as an equalizer, enabling growth through…

Euronews

World's most valuable AI start-up Anthropic files for IPO: Five things to know

Anthropic appears to have gained an early lead over OpenAI in the race to go public. Its IPO filing signals that one of the industry's biggest players could become the first major generative AI company to reach public markets.

AAP

AAP Rolling News Bulletin May 31, 0230

AAP Rolling News Bulletin for May 31 at 0230

AAP

AAP Rolling News Bulletin May 31, 0200

AAP Rolling News Bulletin for May 31 at 0200

AAP

AAP Rolling News Bulletin May 31, 0130

AAP Rolling News Bulletin for May 31 at 0130

AAP

AAP Rolling News Bulletin May 31, 0100

AAP Rolling News Bulletin for May 31 at 0100

AAP

AAP Rolling News Bulletin May 31, 0030

AAP Rolling News Bulletin for May 31 at 0030

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