NEWS & VIEWS
COP28 Uniqus - A Curtain Raiser
November 28, 2023
Uniqus Insights COP28 - A curtain raiser, highlights expectations from COP28. The world has already witnessed 2023 as the hottest year so far on the planet, and hence, the need for climate action has never been more pressing. Our publication explores the four cross-cutting themes at COP28 i.e., technology and innovation, finance, frontline communities, and inclusion.
Early Impressions: Regulatory Measures by RBI
November 16, 2023
The Reserve Bank of India, on November 16, 2023 issued Regulatory Measures towards consumer credit and bank credit to NBFC’s. This was against the backdrop of the RBI Governor’s Statement dated October 6, 2023 which stated that certain components of personal loans were recording very high growth and which were being closely monitored by the RBI for signs of incipient stress.
Early Impressions: California Climate Disclosure Legislation
November 02, 2023
Regulations like SB253 and SB261 are intended to allow for more consistent, comparable, and reliable climate risk information from corporates operating under the remit of these laws. This publication serves as a valuable reference guide for companies navigating this new regulatory era, offering clarity and guidance on expected disclosure requirements.
In charts: Why India Inc is finding it tough to retain talent
October 25, 2023
India’s largest companies have faced a myriad of challenges in the recent years in
terms of holding onto their employees. The median attrition rate of BSE 100 firms stood at 17% in 2022-23, up from 10% in 2020-21 and 15.4% in 2021-22
Point of View - Implementation of Ind AS by banks in India
October 16, 2023
In this Thought Leadership publication we have articulated nuances that need to be
addressed by banks to facilitate a seamless transition to Ind AS. We have also included key learnings from similar transition experience of global banks and NBFCs in India.
Private Fund Adviser (PFA) Rules
October 12, 2023
This comprehensive publication provides a detailed overview of the key aspects of the PFA Rules, offering valuable insights into their scope, implications, and compliance requirements.
Talent from big consulting firms looking at Uniqus ‘very positively’, hiring no challenge: Co-founder Sandip Khetam
October 11, 2023
Uniqus, which is set up as a corporation like the consulting major Accenture, is
eying profitability by FY25 end, says Sandip Khetan.
Agritech Companies Need To Build Sustainable Business Model To Thrive
September 23, 2023
Anu Chaudhary, Partner, Global Head – ESG Consulting, shares her views on how agritech companies can focus on all the tenets of E, S & G to make their operations more sustainable and build resilience in their operations. With sustainability incorporated into their business strategy, they are at a threshold of rapid growth and positively impacting the societies in which they operate.
RBI - Inv Directions for Banks
September 21, 2023
In this Early Impression publication, we have analysed these Directions and have
provided our perspective on certain accounting and reporting matters which will be relevant for
Banks to consider as they assess and implement the requirements of these Directions.
What does revision in banks’ investment classification norms imply for banking?
September 6, 2023
The revised accounting norms for investment portfolio, which are effective from April 1, 2024, and are in line with the global financial reporting standards, are expected to enhance the quality of banks’ financial reporting, as well as improve disclosures, say experts.
CII Organizes First-Ever Corporate Women Leadership Awards in New Delhi
September 6, 2023
CII Corporate Women Leadership Awards 2022-23, recognized and acknowledged the exemplary achievements of corporate women leaders whose innovative approach has created positive changes in the business world.
Early Impressions - BRSR Core assurance and value chain disclosures
August 14, 2023
SEBI recently issued a circular establishing new regulations to augment the reporting of ESG performance of the listed entities by integrating assurance and value chain disclosures. The SEBI’s focus in this area is in line with its objective to protect the interest of investors.
UNIQUS Insights - Platform development and technology costs
July 28, 2023
The considerations related to accounting for platform development and technology costs and the possible approaches related to accounting for such costs.
SEBI's new ESG regulations pose challenges for top firms
July 23, 2023
Top Indian companies are facing challenges due to the capital-markets regulator's new Environmental, social and governance (ESG) rules as they struggle to collate non-financial data dispersed across various internal systems, evaluate the impact of disclosing private data on sensitive governance issues, and start dealing with the complexity of capturing and auditing data from thousands of their suppliers.
Why do Sebi’s ESG disclosure and assurance norms give India Inc the jitters?
July 23, 2023
Market watchdog Sebi’s notification on environmental, social, and governance (ESG) disclosures and assurance requirements for value chain partners of top 1,000 listed entities by market cap has stirred many businesses to take serious note of ESG performance parameters of their key suppliers and vendors.
Early Impressions: International Sustainability Standards Board issues standards on sustainability and climate related disclosures
July 14, 2023
The latest announcement by the Financial Stability Board asking the IFRS Foundation to take over the monitoring of the progress on companies’ climate-related disclosures from the Task Force on Climate-related Financial Disclosures (TCFD) is a step in the direction of aligning framework and disclosure requirements
Top 150 firms must give ‘reasonable’ assurance on core ESG: SEBI
July 14, 2023
Market regulator SEBI has specified a “glide path” for the mandatory “reasonable assurance” of core business responsibility and sustainability reporting (BRSR Core), which is a novel ESG reporting framework.
UAE Corporate Income Tax: Uniqus explains why it’s important to join the discussion on impact beyond tax
July 4, 2023
While entities in UAE are aware of the applicability of CIT Law for the financial years beginning on or after 1 June 2023 and levy of standard rate of 9 per cent on taxable profits above the threshold of Dh375,000, much thought needs to be given to its far-reaching impact beyond tax — on accounting and reporting, IT systems, finance and tax processes, governance, people and wider business.
UAE Corporate Income Tax: Considerations beyond tax
June 16, 2023
The deliberations on the UAE Corporate Income Tax (CIT) is currently at its peak with most large companies starting to conclude their assessment of impact on their businesses from tax stand-point. Our Analysis on the multi-fold impact of CIT law on businesses.
Strengthening the BRSR core: A masterstroke
May 28 2023
SEBI reduces ESG disclosure parameters from 800 to 50, enhancing transparency, combating greenwashing, and driving investment in sustainable companies.
Investor communication and non-GAAP metrics
May 22, 2023
GAAP stands for Generally Accepted Accounting Principles, which includes Indian GAAP, Ind AS, IFRS, US GAAP, or any other prescribed accounting framework.
Good Times Ahead For The ESG Sector
May 12, 2023
The ESG market will continue to grow and will resemble the IT boom in its pace of expansion
New consultech firms opens office in Dubai
May 04, 2023
Uniqus seeks to cash in on financial and ESG advisory opportunities in the UAE
Ind AS April 2023
May 03, 2023
Recent changes to Ind AS notified by the MCA that are effective for annual reporting periods beginning on or after April 1, 2023
UNIQUS Point of View - Use of non-GAAP Measures
April 25, 2023
In recent times, companies have increasingly been disclosing non-GAAP measures in their investor communication and capital markets related offering documents.
UNIQUS’s response to the Institute of Chartered Accountants of India’s (ICAI) Exposure Draft (ED) on Guidance Note on Transfer of Capital Reserve
April 20, 2023
The exposure draft is a welcome step in providing guidance on transfer of capital
reserve to free reserves including guidance on identification of triggers that call for
such a transfer.
Mutual Fund Ind AS
April 14, 2023
Securities and Exchange Board of India (‘SEBI’) issues guidelines for Indian Accounting Standards (‘Ind AS’) accounting for Asset Management Companies (‘AMC’) and Mutual Fund
(‘MF’) schemes
UNIQUS Corner - Shaping the Regulatory and Governance Agenda
April 03, 2023
In this publication we have analysed and shared our views and extent of compliance.
Emergence of ESG compliances & its impact on MF landscape in India
April 01, 2023
Anu Chaudhary - Partner, Global Head of ESG Consulting, shares her views on how the growth of ESG consciousness in India governed by a gradual implementation of several laws and regulations is giving ample chances for integration of the ESG agenda with business operations.
Taxsutra Special: Uniqus' Audacious ESG Consulting Play - Is this Jamil Katri's Moment?
March 27, 2023
It derives its name from the Latin word Uniqus that stands for one of a kind, not common, with origins in the English word 'Unique'. Recently-created consultancy startup Uniqus Consultech is looking to recast how financial consulting works in the accounting and reporting niche by complementing it with an ESG-offering, underscored by a tech platform.
Improve transparency, curb greenwashing: how Sebi wants to add more teeth to ESG disclosures
March 15, 2023
Anu Chaudhary - Partner, Global Head of ESG Consulting, shares her views on how Sebi wants to add more teeth to ESG disclosures. She believes that the inclusion of an Indian perspective to certain ESG parameters will help stakeholders get a comprehensive view of how Indian Inc. is tackling ESG-related issues locally.
UNIQUS Corner - shaping the regulatory and governance agenda
March 07, 2023
As part of Uniqus’s outreach with the RBI, further to the Early Impressions released by us on 20 January 2023, we have now articulated our point of view on the issues raised in the DP.
India Inc still far from looking at sustainability for value creation
March 06, 2023
Anu Chaudhary - Partner, Global Head of ESG Consulting, shares her views on how corporates are expected to integrate sustainability in their businesses in 2023.
Technology – An important enabler of ESG
February 23, 2023
Organisations are increasingly realising that ESG is not merely a regulatory affair but a firm economic construct that can generate value through itself, a value that is as solid as any commodity or service that is being traded.
Prioritising governance at startups: A magic pill for better funding
February 23, 2023
Over the last two decades India has established a vibrant startup ecosystem. The Indian VC community has played a crucial role in this journey.
NEXUS-BACKED UNIQUS AIMS TO CHANGE THE FACE OF CONSULTANCY MARKET
February 01, 2023
Our Co Founders, Jamil Khatri and Sandip Khetan, share their perspectives with YourStory Gulf on the consultancy space in the Middle Eastern region
Ind AS January 2023
January 30, 2023
UNIQUS’s response to the Institute of Chartered Accountants of India’s (ICAI) Exposure Draft (ED) on Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants - Amendments to Ind AS 1, Presentation of Financial Statements.
CNBC-TV18 Startup Street 13 Dec 2022 , with Mr Jamil Khatri Co-Founder & CEO, Uniqus Consultech
December 13, 2022
Uniqus Consultech launches its business ops after landing $12.5 m in Series A round for a minority stake sale. Co-founder Jamil Khatri speaks to @Arundathi_Ram & @_ritusingh about the fundraise, growth plans & more
Sanjay Nayar's Sorin, Nexus Back Uniqus Consulting
December 08, 2022
Tech-backed global platform Uniqus Consultech Inc, founded by former KPMG and EY executives, on Thursday said it has secured $12.5 million (around Rs 96 crore) by selling a minority stake in a Series A funding round led by Nexus Venture Partners, with participation from Sorin Investments and other angel investors.
Nexus Venture Partners and Sorin Investments lead Series A for Jamil Khatri’s consulting startup
December 08, 2022
The investment marks the first bet for Sorin Investments, an early-stage tech fund founded by private equity veteran Sanjay Nayar, Former Chairman of KKR India.
Uniqus Consultech raises $12.5 million in Series A funding, launches operations
December 08, 2022
Mumbai: Uniqus Consultech Inc, a tech-enabled platform that offers ESG, and accounting and reporting consulting, on Thursday, announced the launch of its operations by raising $12.5 million in Series A funding for a minority stake sale.
Uniqus Consultech eyeing $100 million revenues in 5 years: Co-founder & CEO Jamil Khatri
December 08, 2022
Uniqus Consultech raises $12.5 million Series A funding led by Nexus Venture Partners; acquires SustainPlus for ESG expertise
Accounting company Uniqus raises $12.5m in Series A fundraise
December 08, 2022
Uniqus Consultech, a tech-enabled global platform that offers ESG and accounting advisory services, has raised $12.5 million in a Series A fundraise. The startup, which has been co-founded by ex-Big Four leaders - Jamil Khatri, former global head of
Uniqus Consultech raises $12.5 million in Series A funding, launches operations
December 08, 2022
Mumbai: Uniqus Consultech Inc, a tech-enabled platform that offers ESG, and accounting and reporting consulting, on Thursday, announced the launch of its operations by raising $12.5 million in Series..