Vinod Mahanta

2 weeks ago | economictimes.indiatimes.com | Vinod Mahanta

Mumbai: IndusInd Bank had hired KPMG and EY for a few months in early 2024 to assist internal teams with a review of its treasury policies, procedures and accounting processes, including of the forex derivative contracts that burnt a ₹25,000-crore hole overnight in the lender's market value three weeks ago, a senior banking source with direct knowledge of both Big-4 engagements told ET.In March 2024, the KPMG advisory team reviewed the derivatives accounting policy and assisted the bank's...

2 months ago | economictimes.indiatimes.com | Anumeha Chaturvedi |Vinod Mahanta

New Delhi | Mumbai: Tata Group-backed Indian Hotels Company (IHCL) doesn't expect a broader consumption slowdown to afflict the domestic hospitality industry The sector has also "reset" its cost structure since the severe pandemic-induced disruptions and enhanced productivity, allowing it to arrest sharp margin corrections even with single-digit revenue growth, said Puneet Chhatwal, managing director and chief executive at IHCL."We don't see demand slowing down.

Nov 10, 2024 | economictimes.indiatimes.com | Anumeha Chaturvedi |Vinod Mahanta

Tata Group backed Indian Hotels Company (IHCL) will be releasing a new ‘strategic matrix’ in the near future that will be more aggressive than the previous ones and accelerate the pace of growth from a high base, IHCL MD and CEO Puneet Chhatwal told ET.Looking at the chain’s last ten quarters, as well as the immediate visibility into the current and upcoming quarters, Chhatwal said he is ‘confident’ of the outlook.“It’s notable that quarter two has surpassed quarter one, a trend we don’t...

Oct 20, 2024 | economictimes.indiatimes.com | Vinod Mahanta

File photoMumbai: Partners from Big Four affiliate firms are returning to elections at the Institute of Chartered Accountants of India after a hiatus, seeking stronger representation as they navigate a more assertive ICAI, new audit rules that could affect their assurance work and recent disciplinary actions like fines on affiliates and ban on certain partners, all of which have raised concerns in the top companies.

Oct 3, 2024 | economictimes.indiatimes.com | Anumeha Chaturvedi |Vinod Mahanta

Marriott International, the world’s largest hospitality company by number of rooms, expects a sharp growth surge in India, currently the company’s fifth-biggest market. Speaking to ET, David S Marriott, chairman of Marriott International, said there is strong potential to expand the company’s operations across India, especially in untapped markets. Marriott has 153 operational hotels totalling more than 29,000 rooms spanning 17 brands in India.