kpmg

kpmg's advisory division, with 10,000 employees, now uses a dashboard to track AI usage, aiming for more frequent and sophisticated adoption. The company believes regular AI users produce higher-quality work and feel less stressed. While over 90% of US employees use AI weekly, some express concerns about the dashboard's accuracy and potential for manipulation.

kpmg has initiated layoffs impacting around 400 employees in its US Advisory division, a move stemming from a strategic restructuring due to shifting demand in consulting services. While regulatory risk, customer operations, and financial services are affected, growth areas like AI and strategy remain strong. This follows earlier workforce adjustments in the audit business.

In an unexpected turn, the UK economy posted a 0.6% GDP growth in the first quarter of 2026, largely buoyed by the resilient services sector, particularly in retail. While this positive news stands in stark contrast to previous gloomy predictions amidst global uncertainty, analysts warn that this growth may be fleeting.

Corporate India is embracing Prime Minister Modi's call for work-from-home and reduced travel. Major companies like kpmg, Deloitte, and Tata Motors are reviewing policies, with many already operating hybrid models. Businesses are prioritizing virtual meetings and restricting non-essential trips to conserve foreign exchange and ensure continuity amidst global uncertainties.

kpmg is set to cut approximately 10% of its US audit partners after voluntary retirement schemes failed to yield desired results. The accounting giant, one of the Big Four, cited a need to align its partnership size with current business demands.

While the data is at a record high, the biggest factor driving the surge has been the growth in import-led revenues which outpaced domestic transactions. To put it simply, the GST collections from imports were higher than those from domestic transactions.

India's nuclear ambitions have reached a pivotal stage with the Prototype Fast Breeder Reactor achieving criticality, marking a significant step in its three-stage nuclear program. This advancement positions India as a leader in advanced nuclear technology, bolstering its drive for energy self-reliance and security amidst a rapidly expanding power sector.

Nvidia's India employees are receiving a special stock grant, the 'Jensen Special Grant,' adding 25% to their initial RSUs. Payouts range from over Rs 5 lakh to Rs 1 crore, vesting over four years. This initiative highlights the growing importance of equity-led compensation in attracting and retaining talent in India's booming semiconductor and AI sectors.

kpmg UK is cutting nearly 600 roles in its audit division and around 120 in advisory, citing tougher market conditions and unusually low staff turnover. The proposed redundancies, potentially affecting up to 440 audit staff, aim to right-size operations. This move highlights broader cost-cutting pressures across professional services firms.

kpmg's UK audit division is preparing to cut up to 440 jobs, primarily targeting qualified assistant managers. The firm cites a "low attrition" rate, leading to a "bloated" middle tier that needs "right-sizing" to match current market demand. This move reflects a broader trend in the consulting sector, where firms are prioritizing efficiency and AI adoption.

Billionaire Mark Cuban issues a stark warning to startup leaders. He states that companies ignoring artificial intelligence risk being overtaken by AI-native rivals. Cuban predicts a future of lawsuits for businesses that fail to adapt. He advises CEOs to understand AI deeply and explore AI-native structures for their operations. This shift is crucial for survival in the evolving business landscape.

The AIFF Executive Committee has referred three long-term commercial rights bids for club competitions to kpmg for audit. This decision follows ISL clubs' request to avoid a binding decision on the 15+5 rights cycle. Clubs will also meet with bidders to address queries, ensuring transparency before the AIFF General Body considers the matter.

Domestic GST revenue reached Rs 1.46 lakh crore, registering a growth of 5.9%, while revenue from imports was recorded at Rs 0.54 lakh crore, rising sharply by 17.8% during the period.

A recent Reddit post by a new hire at a Big 4 firm has sparked widespread debate by challenging mandatory weekend work. The employee's refusal to prioritize client deadlines over personal time over a salary for five days has resonated with many, highlighting concerns about burnout and the need for better work-life balance in India's corporate culture.

Several changes are expected to reduce the tax burden for the salaried class in general. We take a look at top 10 things salaried taxpayers should know going into the new financial year 2026-27: