The Finance Story

KPMG US has announced #layoffs within its U.S. audit workforce, cutting about 330 positions. The reason will surprise you. Over-staffing caused by an unexpected twist: low employee turnover! Yes, employees are refusing to resign voluntarily! Will Big4s in India do the same? #big4 #kpmg #layoffs

Rohit Krishna wanted nothing but to break into the PE/VC world, after he qualified as a CA in 2011. Unfortunately, many funds turned him down for being too young. Fast forward to 2017 – he co-launched WEH Ventures with a Fund 1 of ₹20 Crores. It wasn't exactly easy to convince the investors. By 2020, they raised a Fund 2 at ₹100 Crores, with Rohit stepping into the role of General Partner. Want to build a career in a VC or start your own fund? Here is his advice. #venturecapital #finance #charteredaccountant

Sourabh Nolkha, founder of ZenStatement (SimpliFin), just landed $1.6 million in seed funding for his AI-powered cash flow solution! But did you know how many rejections he faced? Over 100. This wasn’t some overnight success story—it was years of relentless effort and determination, finally paying off. #aistartup #fintech #fundraise #seedround

Olaf Scholz, the German Chancellor recently visited India for the 18th Asia-Pacific Conference of German Business. The country is tripling the number of skilled work visas for Indian professionals. Here is what you need to know. Would you consider living and working in Germany? Tell us why in the comments. #germany #talentshortage #skilledworkvisa

Income Tax India Official has sent notices to around 100 HNIs in India. Why? For failing to properly declare their properties in Dubai. Looks like Diwali isn’t quite lighting up the way some had hoped… Here’s a deeper dive into the news as reported by the Economic Times. #dubai #Indianhni #dubairealestate #incometaxdepartment

Sapien, the AI startup dubbed as autonomous coworker for CFOs just secured an $8.7 million seed round, as reported by Fortune. This platform is transforming finance workflows, giving finance teams a new edge. Here's the breakdown. #aistartup #seedround #fundraise #cfostack

Nirav Shah started FAME Advisory DMCC, a boutique Tax firm in the UAE in 2014…. despite the UAE having a tax-free status. Today, he has 150+ Corporations and Families as his clients. If you are planning to establish an Audit or Tax firm in the UAE, this is a must watch! Check out the YouTube video - https://lnkd.in/dqb2y3vK #UAE #cafirm #taxadvisory #auditfirm #Dubai

Did you know, India holds the title of the “#GCC Capital of the World,” for having an impressive 17% share of global technology capability centers. By 2030, this market is expected to skyrocket to $99-105 billion, building on today’s $64.6 billion in total market revenue, as reported by the Economic Times! 📈 How does this open up new opportunities for tax professionals you ask? That's what we discuss in this article. #gcc #globalcapabilitycenters #taxprofessionals

Shailesh Haribhakti [GCB.D] stepped into his father’s firm, Haribhakti & Company, at just 22 and redefined what scaling a CA firm really means. 20 to 1,000 employees! 💥 Many CA firms are hungry for growth, but what does it really take to scale up and expand globally? Watch the YouTube video here to find out - https://lnkd.in/dKRbDG3H #capractice #charteredaccountant #accountingandacccountants #professionalservices

PwC UK is introducing a new title, “managing director” (MD). But hold on; there's a major catch! While the new MD role might sound appealing to some, …It’s not a stepping stone to partnership. Here is what you need to know. #pwc #big4 #managingdirector #big4partner