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Business  /  Published 18.05.22

NCLT rejects Kanoria plea against audit

The Calcutta bench of the National Company Law Tribunal (NCLT) on Tuesday dismissed a plea filed by Srei founder Hemant Kanoria contesting a forensic audit conducted by KPMG, which had been appointed ...
By A Staff Reporter in Calcutta

Business  /  Published 20.04.22

Punjab and Sind Bank tags Srei duo accounts as ‘fraud’

Punjab and Sind Bank (PSB) on Tuesday said it has declared the accounts of Srei Equipment Finance and Srei Infrastructure Finance with cumulative dues of Rs 1,234.34 crore as fraud and has report...
By A Staff Reporter in Calcutta

Business  /  Published 04.03.22

KPMG refutes plea in Srei case

KPMG and the financial creditors of city based NBFC companies – Srei Infrastructure Finance and Srei Equipment Finance – on Thursday argued against the erstwhile promoter’s appeal be...
By A Staff Reporter in Calcutta

Business  /  Published 03.03.22

KPMG audit of Srei firms questioned

KPMG’s forensic audit into the books of city based NBFC companies — Srei Infrastructure Finance and Srei Equipment Finance — has come under the scanner for not factoring in the erstw...
By Pinak Ghosh in Calcutta

Business  /  Published 26.10.21

VC funding hits $14.4bn in Q3

Venture capital funding in India followed the global trend and reached a high of $14.4 billion during the third quarter of calendar year 2021, according to KPMG. There were 496 deals during the July-...
By A Staff Reporter in Calcutta

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Business  /  Published 09.08.21

IDBI selloff adviser

As many as seven firms, including JM Financial, Ernst and Young and Deloitte, have bid for managing the strategic sale of IDBI Bank.  These firms would make a virtual presentation before the dep...
By PTI in New Delhi

Business  /  Published 23.05.20

Low mining activity to hit tax kitty

State and central government exchequers are expected to take a hit as lower volume of mineral production would mean lower statutory levy and tax collection.According to estimates of KPMG, the overall ...
By A Staff Reporter in Calcutta

Business  /  Published 16.11.19

Bengal picks logistics hub locations

The Bengal government has identified five locations in the state to develop logistics parks that could attract investments worth Rs 10,500 crore.“We have identified Dankuni, Durgapur, Tajpur, Malda ...
By A Staff Reporter in Calcutta

Business  /  Published 01.12.18

Bengal sniffs cash in chemical hub

Bengal can attract investments worth Rs 14,000 crore in the chemicals and petrochemicals industry across different segments, according to estimates by KPMG.The research firm has identified five key ar...
By Pinak Ghosh in Calcutta

Business  /  Published 24.11.18

5 Bengal sites can attract $1.5bn, says KPMG

Business advisory firm KPMG has identified five potential sites in Bengal that can attract investments worth $1.5 billion and create 30,000 direct jobs in the state.According to a KPMG study released ...
By A Staff Reporter in Calcutta


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