DIRS.INFO The most relevant business & tech news

☆ Deloitte says jobs are at risk in its advisory division as challenges for the consulting sector continue
▼ + stars: | 2024-11-20 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

The growth rate in Deloitte's global consulting division has fallen from 19% in 2023 to 1.9% in 2024. Deloitte plans to cut more staff from its advisory division as demand for consultancy services declines. "In the context of an ongoing challenging market, we have to carefully consider the shape of our firm," Deloitte told BI on Wednesday. According to its latest annual report, Deloitte's global consulting revenues grew by 1.9% in the 2024 financial year ending 31 May. AdvertisementDeloitte's global workforce expanded to 460,000 in the 2024 financial year, an increase of 3,000.

Organizations: Deloitte, Business, Financial Times, Equity

☆ Deloitte, EY, KPMG, and PwC make up the Big 4 — here's how they compare
▼ + stars: | 2024-11-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +8 min

The Big Four — EY, Deloitte, KPMG, and PwC — are the world's largest accounting and consulting firms. AdvertisementDeloitte, EY, KPMG, and PwC are the world's largest accounting and consulting firms, known as the Big Four. The Big Four offer companies services such as workforce transformations, reshaping corporate finance portfolios, assurance, valuation, and optimizing the use of technology. AdvertisementThough not as stark a slowdown as Deloitte or EY, growth at PwC still dropped noticeably compared to the 9.9% rise reported for the previous 12 months. In February 2024, it unveiled a tax AI assistant for 2,300 PwC tax professionals in the UK to use.

Persons: PwC, —, Antonia Wade, EY, Ernst & Young, Janet Truncale, Carmine Di Sibio, Jack Taylor, Joe Ucuzoglu, Jim Spellman, Price Waterhouse, Mohamed Kande, Bill Thomas, Liam McBurney Organizations: Deloitte, KPMG, Service, EY, Ernst, Getty, Revenue, Assurance, PwC, Deloitte Deloitte, Deloitte Global, Equity, Nvidia, Google, AWS, Coopers, Street Journal, Big Locations: London, PwC, Asia, Pacific, Amsterdam

☆ Microsoft Copilot AI use extends deep into corporate America, but companies aren’t 100% sold
▼ + stars: | 2024-10-29 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +7 min

When asked whether it's been worth the cost ( $30 monthly per user in the case of Copilot), tech leaders say they aren't sure. According to recent Deloitte research, two-thirds of organizations are increasing gen AI investments based on "strong early value to date." There are multiple reasons why companies will still be short on confidence when it comes to enterprise AI adoption, according to Deloitte. The Azure cloud offering from its biggest AI partner and AI investment, OpenAI, is in use at nearly two-thirds of companies. Forty-six percent of CNBC survey respondents said that within their organizations at least half of employees are now using AI.

Persons: it's, Jim Rowan, Anthropic, Mistral, Eric Schmidt —, Morgan Stanley, Copilot, Rowan Organizations: CNBC, Microsoft, CNBC Technology, Council, Deloitte, Microsoft Microsoft, Fortune, Capital Group, Disney, Dow, Kyndryl, Novartis, Deloitte Consulting, Meta, Silicon, OpenAI, AIs Locations: Europe

☆ Big companies are seeing more turnover in the CFO chair. Here's why that matters
▼ + stars: | 2024-10-26 | by ( Morgan Chittum | ) www.cnbc.com time to read: +9 min

CFO turnover hit 8.9% globally during the period, surpassing levels in 2022 and 2023. A global pandemic, increased geopolitical tensions overseas, supply chain disruptions and recession concerns have made the CFO role even harder. Jim Cramer also has pounded the table of the importance of the CFO role, arguing that "a good CFO can give you a feeling of a Good Housekeeping seal of approval." Moving forward, it's unclear whether CFO turnover will continue to pickup. "If a CFO immediately resigns intra quarter, what companies will do sometimes is reaffirm their guidance to ease investor concerns.

Persons: Zachary Kirkhorn, Deepak Ahuja, Russell Reynolds, CFOs, Steve Gallucci, —, they've, Goldman Sachs, David Viniar, Josh Crist, Crist, Raymond James, Paul Shoukry, Jim Cramer, Amy Hood, Hood, we've …, Costco's Richard Galanti, Eli Lilly, Anat Ashkenazi, Ashkenazi, Ruth Porat, Apple, Luca Maestri, Amy Weaver, Mike Stepniak, Jeff Marks, Marks, It's, Jim Cramer's, Jim Organizations: Wall Street, Deloitte's Global, CNBC, Fortune, Goldman, Bloomberg News, Kolder, Microsoft, Honeywell, Federal, Jim Cramer's Charitable, Istock, Getty

☆ Deloitte and EY trim staff amid slowing demand following years of rapid growth for Big Four firms
▼ + stars: | 2024-10-24 | by ( Polly Thompson | ) www.businessinsider.com time to read: +5 min

AdvertisementDeloitte and EY have trimmed staff as demand for professional services provided by the two Big Four firms declines. AdvertisementDeloitte is the world's largest professional services firm in the world by revenue and employees. Lucy North/PA Images via Getty ImagesMajor consulting firms are experiencing a slowdown in demand for advisory services. Professional services firm Accenture cut its revenue forecast for 2024 from between 2% and 5% to between 1% and 3%. AdvertisementAside from workforce reductions, consulting firms are also introducing new policies as they face up to an industry slowdown.

Persons: —, EY, Lucy North, PwC, James Callander, Callander Organizations: Deloitte, Service, Big, Financial Times, Revenue, Getty, Accenture, UK, Business

☆ EY fired staff for an ethical breach after they watched multiple online training courses at the same time
▼ + stars: | 2024-10-22 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

EY has fired dozens of staff in the US over code of conduct breaches, the FT first reported. The staff watched multiple online training courses simultaneously, the report said. The dismissals took place last week after an investigation found that the staff had watched multiple online training courses simultaneously during "EY Ignite Learning Week" in May, the FT reported. They said that there had been no warning that watching courses simultaneously was not allowed and that multitasking was part of EY's culture. The SEC said hundreds of EY accounting staff shared answers to exam questions "over multiple years."

Persons: EY, — Organizations: Business, Service, Financial Times, US Securities and Exchange Commission, SEC, Big, Public Company Locations: Indonesia, Philippines

☆ 28% of credit card users are still paying off last year's holiday debt. How to get this season’s tab under control
▼ + stars: | 2024-10-21 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

For some shoppers, the upcoming holiday season may lead to significant credit card debt. "Between buying gifts and booking peak-season travel, the holidays are an expensive time of year," said Sara Rathner, NerdWallet's credit cards expert. "Not only are consumers at risk of getting into credit card debt, but that debt can stick around long after the decorations come down." More from Personal Finance:2 in 5 cardholders have maxed out a credit card or come close2.5% adjustment to Social Security benefits coming in 2025'Fantastic time' to revisit bonds as interest rates fallThe stakes are higher in 2024 with credit card debt already at $1.14 trillion. The average credit card charges more than 20% — near an all-time high.

Persons: Sara Rathner Organizations: Finance, Security, National Retail Federation, Shoppers

☆ Elections, hurricane damage and more: Here are four factors that will shape holiday shoppers' purchases
▼ + stars: | 2024-10-19 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +9 min

Several hard-to-predict factors will influence consumers' spending, as they deck the halls and look for the perfect gifts. That's a more modest increase than the 3.9% year-over-year jump from the 2022 to 2023 holiday season, when spending totaled $955.6 billion. Shoppers expect to spend an average of $1,778 on the holidays this year, 8% more than last holiday season, according to consulting firm Deloitte's survey. SharkNinja CEO Mark Barrocas described the election as the "biggest unknown" that will shape the holiday season. A shorter holiday season

Persons: Michael M, Stephen Rogers, Mario Tama, Rogers, Matt Shay, it's, Lance Allen, Kamala Harris, Donald Trump, Scott Olson, Mark Barrocas, It's, Jen Acerra, Ed Bastian, Evan Gold, Gold, Jack Kleinhenz, Allen, they're Organizations: Herald, Santiago, Getty, Deloitte, National Retail Federation, Shoppers, Deloitte's Consumer Industry Center, Walmart, Catering, Home Depot, Democratic, Republican, Amazon, Delta Air Lines, CNBC, Hurricane Milton, Anadolu, Planalytics, Depot Locations: New York City, Burbank , California, Traverse City , Michigan, Florida, Clearwater, Philadelphia, San Francisco, North Carolina

☆ Holiday shoppers plan to spend more, while taking on debt this season
▼ + stars: | 2024-10-16 | by ( Jessica Dickler | ) www.cnbc.com time to read: 1 min

watch nowAmericans often splurge on gifts during the holidays. This year, holiday spending from Nov. 1 through Dec. 31 is expected to increase to a record total of $979.5 billion to $989 billion, according to the National Retail Federation. Even as credit card debt tops $1.14 trillion, holiday shoppers expect to spend, on average, $1,778, up 8% compared to last year, Deloitte's holiday retail survey found. Meanwhile, 28% of holiday shoppers still haven't paid off the gifts they purchased for their loved ones last year, according to another holiday spending report by NerdWallet. How shoppers pay for holiday giftsThe problem with credit cards and BNPL

Organizations: National Retail Federation, NerdWallet

☆ I was laid off from Deloitte after I struggled to fit in. My coworkers wore burnout like a badge of honor, and I had to dim my personality.
▼ + stars: | 2024-09-09 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +12 min

When I received a call from a Deloitte representative saying I'd landed a post-grad job as an actuarial analyst, I was ecstatic. But I didn't feel like there was space to express my femininity. I honestly didn't feel like there was a way to thrive in a more masculine environment without entirely abandoning my femininity, so I tucked away my spiritual, bubbly side. AdvertisementI didn't feel safe confiding in anyone about my workload concerns because everyone around me seemed to wear their burnout as a badge of honor. My superiors encourage me to leave work at work and I finally have time to nourish my hobbies and relationships.

Persons: —, Cierra Desmaratti, It's, I'd, That's, hadn't, Deloitte's, I've, Tess Martinelli Organizations: Service, Deloitte, Business, North Central College, Deloitte's Chicago, International Association of Black Actuaries, Transamerica, Big Locations: Miami, Naperville , Illinois, Deloitte's, Chicago, Transamerica, tmartinelli

☆ Family offices are about to surpass hedge funds, with $5.4 trillion in assets by 2030
▼ + stars: | 2024-09-05 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Family offices are expected to add more than $2 trillion in assets by 2030, as an increase in wealth concentration and a revolution in wealth management drive rapid growth in new family offices. In total, the wealth of families with family offices is expected to top $9.5 trillion in 2030, according to the report — more than doubling over the decade. "It's really the past decade that has seen an acceleration in growth in family offices." The rise of family offices is remaking the wealth management industry and creating a powerful new force in the financial landscape. Family offices are seen as offering more privacy, more customization and more tailored programs for the next generation of the family.

Persons: Robert Frank, Rebecca Gooch, It's, Gooch, incentivized, Eric Johnson Organizations: Deloitte Private, Deloitte, Henley & Partners, Forbes Locations: centimillionaires, North America, Asia, Pacific, North

With revenge travel over and pandemic savings depleted, travelers say they're planning fewer trips this summer, or skipping their vacations altogether. "After two straight years of strong gains, the number of Americans planning to take leisure trips is taking a dip," states a summer travel report from Deloitte Insights. 'Too expensive' to travel nowAmericans are planning 2.3 trips this summer, down from 3.1 trips from the summer of 2023, according to Deloitte's survey of more than 4,000 people. watch nowThe number of people who said they're avoiding summer travel altogether increased from 37% to 42%, the report showed. Those generations are spending less on airfare and hotel accommodations too, said Baig, suggesting a cutback in travel spending may be a normalization of the market following the end of revenge travel.

Persons: they're, Sofia Baig, Gen Zs, Baig, Zs Organizations: Deloitte, Marriott, Wyndham, Morning Locations: Hyatt, Airbnb

☆ AI is everywhere, and businesses don't know where to start. Here's what consultants are telling clients.
▼ + stars: | 2024-06-28 | by ( Lakshmi Varanasi | Tim Paradis | ) www.businessinsider.com time to read: +8 min

Some 900 of PwC's top 1,000 consulting clients are now working with the firm on incorporating AI into their businesses, a spokesperson told Business Insider. Even as some companies focus on how AI might rewrite corporate playbooks, some businesses are asking consultants how to get started. Advertisement"Many CIOs are afraid that they don't have the right skills," he told BI. Where to beginMany companies are still determining how they might use AI and GenAI, according to several consultants. This enables greater seamlessness down the line, and that is where the magic lies," he told BI.

Persons: —, Ben Ellencweig, Allison Bailey, Bailey, Greg Sward, They're, Jim Rowan, Rowan, Vlad Lukic, Roy Singh, Joe Atkinson, Atkinson, Deloitte's Rowan, Bain's Singh, PwC's Atkinson, he's, Singh Organizations: Service, Business, McKinsey & Company, Boston Consulting, KPMG US, Deloitte Consulting, Bain & Company, Companies, Carrefour, & $

☆ India and Japan are bright spots in Asia's 'supremely interesting' equity and M&A markets, JPMorgan says
▼ + stars: | 2024-05-24 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

India and Japan are two bright spots in Asia's "supremely interesting" markets, JPMorgan's Filippo Gori said at the bank's Global China Summit on Thursday, referring to the region's equity as well as deal-making landscape. India, which is very in high demand," Gori, co-head of global banking at JPMorgan, told CNBC. While mergers and acquisitions activity declined globally in 2023, Japan's deal value rose 23% from a year ago to about $123 billion, Bain & Company said in its Japan M&A report. "Japan's economy is uniquely well positioned for growth in M&A," the report said. Last year M&A deal value in India stood at $136 billion, a 27% drop for a year earlier, which was in line with the global decline in M&A activity, according to Deloitte's India M&A trends report.

Persons: Filippo Gori, Deloitte Organizations: Global China Summit, JPMorgan, CNBC, Japan's Nikkei, Bain & Company, Companies, China, Apple Locations: India, Japan, Gori, China

☆ Gen Zers are in their 'boycott era', even when it comes to which jobs they apply for
▼ + stars: | 2024-04-17 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +9 min

Gen Zers are in their boycott era, turning against anything that doesn't align with their beliefs. But McGoff said Gen Zers wanted their workplace to align politically — so they had to talk about it. Getty ImagesGabrielle Yap, who's 26, said Gen Zers grew up in a time when information was available at their fingertips 24/7. "The company's public stance on these points, as well as the managers' views, affect the organization's capacity to hire Gen Zers," he said. It was a 2018 survey by Deloitte, not Deloitte's 2023 Gen Z and Millennial Survey.

Persons: Zers, —, there's, Gen, Z, Gen Zers, Karim Adib, Omar Taleb, Zer, George Floyd, Erin McGoff, McGoff, Adib, Gabrielle Yap, We've, we're, Yap, It's, Khalid Machchate, Zoomers, would've, Taleb Organizations: Service, Starbucks, McDonalds, Hyundai, HP, Siemens, Deloitte, Survey, ClickThrough, Bright Network, W Technology Locations: Israel, Gaza, who's, Lindsey, Africa

☆ Consulting firms are cutting projections and tightening their belts as demand for their work slows
▼ + stars: | 2024-03-23 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Major consulting firms are seeing demand for their services slow. AdvertisementAccenture said in its quarterly report that consulting revenue for the second fiscal quarter, which ended on February 29, fell about 3% compared to 2023. Major consulting firms across the board are facing waning demand from clients. Some consulting firms are surviving the slowdown by reorganizing. AdvertisementDespite all the doom and gloom , one bright spot for consulting firms is the promise of AI.

Persons: —, Julie Sweet, Joe Ucuzoglu Organizations: Consulting, Accenture, Deloitte, Service, Financial

☆ 'This is the mental health moment': Innovation and M&A are helping to boost these stocks to new heights
▼ + stars: | 2024-02-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +14 min

There's been a lot of chatter about the mental health crisis since the Covid-19 pandemic. Attention to a long-time crisis The mental health crisis is nothing new. However, there has also been a growing awareness and acceptance of mental health illnesses over the past decade, said Canaccord Genuity analyst Richard Close. "There's been recognition that mental health has a significant impact on a person's overall health," he said. "This is the mental health moment," said Dr. Ken Duckworth, NAMI's chief medical officer and author of "You Are Not Alone: The NAMI Guide to Mental Health."

Persons: There's, Covid, Peter Micca, AbbVie, Emraclidine, Myers Squibb, Karuna, Marc Goodman, Canaccord, Richard Close, MacKenzie Scott, Ken Duckworth, NAMI, Deloitte's Micca, William Blair, Myles Minter, Minter, Auvelity, Leerink's Goodman, Ashwani Verma, Verma, Goodman, BioHaven, Cerevel, Neumora, tardive, David Song, BetterHelp, psychedelics Johnson, Johnson, Spravato, Blair's Minter, Axsome, Micca, Michael Bloom Organizations: Institute for Health Metrics, Deloitte, Cerevel Therapeutics, Karuna Therapeutics, Bristol Myers, Leerink Partners, Centers for Disease Control, National Alliance, Mental, Mental Health, Wall Street, Therapeutics, Neumora Therapeutics, UBS, Karuna, Cellular Therapies, Xenon Pharmaceuticals, Neurocrine Biosciences, Acadia Pharmaceuticals, Tema Neuroscience, Axsome Therapeutics, Acadia Healthcare, BetterHelp, CNBC, pharma, Cellular Locations: Covid, Bristol, XEN1101, Acadia, Tema

☆ Amazon, Microsoft, and Google say cloud cost-cutting is waning. Customers say cost controls are still a major barrier.
▼ + stars: | 2024-02-14 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +4 min

The major cloud service providers are saying their customers are winding down last year's optimization efforts. While the optimization outlook from the cloud service providers is rosy, it doesn't quite match what customers are reporting. Google Cloud revenue grew 26% year-over-year, up from the quarter before. Customers and cloud companies tell a different storyExecutives at all three major cloud companies said that the impact of cloud cost-cutting was behind them. 35% reported cloud cost overruns in the last 12 months, nearly half of which were over $100,000 or $500,000.

Persons: Brian Olsavsky, Satya Nadella, Sundar Pichai, Bryan Woodworth, Woodworth, Olsavsky, Pichai, David Linthicum, Linthicum, Ellen Thomas Organizations: Microsoft, Google, Business, Amazon Web Services, Companies Locations: ethomas@insider.com

☆ I'm a Brazilian who moved to Lithuania. I love the career opportunities and safety — but it can be hard to make friends.
▼ + stars: | 2024-01-21 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Ricardo Sergio Schmitz is a Brazilian consultant working in Vilnius, Lithuania. AdvertisementThis as-told-to essay is based on a conversation with Ricardo Sergio Schmitz, a consultant working in Vilnius, Lithuania. AdvertisementIt can be hard to make friendsIn Brazil and Portugal, it's normal to become friends with people you are introduced to quickly. Ricardo Sergio Schmitz Ricardo Sergio SchmitzIt's harder to make friends with the people you meet here, even if you have friends in common. AdvertisementStartup mentalityThe city feels like it's growing a lot.

Persons: Ricardo Sergio Schmitz, Schmitz, —, I've, Erasmus, Mykolas, Lithuania Ricardo Sergio Schmitz, Ricardo Sergio Schmitz Ricardo Sergio Schmitz It's Organizations: Deloitte, Service, Mykolas Romeris University, University of Lisbon Locations: Brazilian, Vilnius, Lithuania, Portugal, Brazil, Vilnius —

☆ Deloitte is rolling out an AI chatbot that can help staff answer emails and create presentations
▼ + stars: | 2024-01-10 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +1 min

The Deloitte AI Institute developed an internal AI chatbot to assist employees with daily tasks. Staff can use it to create Powerpoint presentations and even write code that automates tasks. AdvertisementDeloitte is rolling out its own AI chatbot to 75,000 employees in the Middle East and UK to increase productivity. Deloitte's AI institute developed the AI chatbot "PairD" and first launched the tool in the UK in October, per the Financial Times. The tool can assist staff with daily tasks like writing emails, creating PowerPoint presentations, and carrying out research.

Persons: — Organizations: Deloitte, Institute, East, Staff, Service, Financial Times, Business Locations: Europe, East

☆ Deloitte's Kwasi Mitchell on 2024: It's our job to make college students less nervous about the future of work
▼ + stars: | 2023-12-18 | by ( Josée Rose | ) www.businessinsider.com time to read: +8 min

I first spoke to Kwasi Mitchell, Deloitte's first chief purpose officer, in March about change in corporate America. For one, his role evolved from broadly touching on sustainability, equity, and social impact to overseeing all DEI — diversity, equity and inclusion — responsibilities at the consulting firm. Mitchell's insights are part of Business Insider's year-end leadership package, "Looking Ahead 2024," which digs into vision, strategy, and challenges across corporate America. I distinctly remember sitting across the table, starting to work with our collaborators on what actually could this be. Having a coalescing force with a few organizations to drive momentum could be really really interesting and impactful in the future.

Persons: Kwasi Mitchell, Deloitte's, Mitchell, there's, He's, we've Organizations: Service, DEI Institute, Deloitte, Economic, San Francisco Chamber of Commerce Locations: America, Business, San Francisco, Francisco, Ukraine, Israel, Palestine

☆ 2 big signs that it will be a great holiday season for receiving gifts
▼ + stars: | 2023-11-22 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

Americans are preparing to spend money this holiday season at a rate exceeding pre-pandemic levels. And yet, there are also some promising signs that consumers are ready to splurge on deals this holiday season. A new Deloitte survey shows that Americans are preparing to spend money this holiday season at a rate exceeding pre-pandemic levels. Deloitte also found that the people surveyed plan to spend $1,652 this holiday season, up 14% from last year and 10% from the pre-pandemic level of $1,496 in 2019. OCTAVIO JONES/Getty ImagesThe steeper discounts will mean that prices for many products will be cheaper this year compared to last year's holiday season, according to the Wall Street Journal.

Persons: —, OCTAVIO JONES Organizations: Service, Deloitte, Black, Adobe, Wall Street

☆ 'The consumer slowdown has begun': America's deteriorating shopping spree in 4 charts
▼ + stars: | 2023-11-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

According to Deloitte, the consumer spending slowdown is already starting. "The stellar US economic growth recorded in the third quarter was largely due to the strong growth in consumer spending. However, it is widely expected that consumer spending will decelerate in the holiday season, thereby putting financial stress on retailers and their suppliers." Spending intentions have plummetedThe negative trend in retail sales could continue, as spending intentions among Americans have plummeted over the past few months, according to Deloitte's spending intentions index. Americans' spending intentions are the lowest they've been all year.

Persons: —, Ira Kalish, Kalish Organizations: Deloitte, Service, Wall, Conference, Survey

☆ Millennials and Gen Z are driving demand for experiences. It could be a great industry to stake your career on.
▼ + stars: | 2023-11-20 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Cooks at restaurants are expected to increase 20% between 2022 and 2032. Employment is expected to grow from 1.36 million in 2022 to 1.64 million in 2032, which represents an over 20% increase. As of May 2022, restaurant cooks make about $34,000 a year, or $16.40 an hour. Hawaii, Rhode Island, and Nevada have the largest concentration of restaurant cooks, while the Northeast and West Coast have the highest average salaries. However, the number of fast food cooks is projected to fall by over 101,000 by 2032 as fast food establishments continue to reduce staff or close locations.

Persons: —, Disney, Bruce Grindy, Grindy, It's, there's Organizations: Service, Employment, Restaurant Industry, National Restaurant Association, Student, Entertainment, BLS Locations: Hawaii , Rhode Island, Nevada, Northeast, West Coast, United States

☆ India allows restriction-free imports of laptops, tablets in policy dilution
▼ + stars: | 2023-10-19 | by ( Shivangi Acharya | ) www.reuters.com time to read: +2 min

[1/2] People sit and work on their laptops at Deloitte's office in Gurugram, India, June 13, 2023. On Aug. 3, India imposed a licensing regime on laptops and tablet imports, but quickly deferred the decision following criticism from industry and Washington. India's electronics and software imports, which include laptops, tablets and personal computers, stood at $33.6 billion in the April to August period, up nearly 8% from last year. India Cellular and Electronics Association (ICEA) said it "extends its profound appreciation towards the government's recent decision to maintain restriction-free imports of laptops and tablets." Further measures could be taken after September 2024 on the basis of the data collected, Krishnan told a press conference.

Persons: Anushree, Krishnan, Shivangi Acharya, Sakshi Dayal, Kim Coghill, Clarence Fernandez, David Evans Organizations: REUTERS, Companies India, Indian, Dell, HP, Apple, Samsung, Lenovo, HK, India Cellular and Electronics Association, Thomson Locations: Gurugram, India, DELHI, Washington

Search resuls for: "Deloitte's"

25 mentions found