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This section features the recent news releases.

March 2015

Media & Entertainment: Call for single-window clearance and centre-state film commissions to boost film tourism
For India to emerge as a film-friendly destination, implementation of single-window clearance is the need of the hour, recommends our latest report.

Febrauary 2015

Transactions: India’s leading 500 businesses to need over INR 1.7 trillion to finance working capital
An analysis of the working capital performance of India's 500 leading companies reveals a growth rate of 5% required to arrive at the capital requirements.

Advisory: 90% Indian brands to spend upto 15% of their annual marketing budget on social media
Companies and brands have increased their social media spends despite challenges in measuring effectiveness, according to EY’s second annual Social Media Marketing India Trends Study.

FIDS: Third-party risks increase rapidly in India
An analysis of over 30,000 third-party due diligence checks undertaken in the last three years highlighted almost 50% of cases which were reviewed had red flags.

Technology: India’s collaboration with Singapore ESDM to facilitate trade
How can India-Singapore collaboration take trade between the two countries to US$ 11.2 billion in 10 years?

EOY: Dr. Cyrus S. Poonawalla is the EY Entrepreneur Of The Year India 2014
Dr. Cyrus S. Poonawalla, Chairman and Managing Director, Serum Institute Of India, was today named the EY Entrepreneur Of The Year 2014.

January 2015

EOY: Finalists announced for the 16th EY India Entrepreneur of the YearTM awards
The 16th Entrepreneur of the YearTM - India 2014 sees a total of 15 shortlisted finalists from the 330 phenomenal nominations received during the year.

FIDS: EY and CustomerXPs form strategic alliance to help banks fight enterprise fraud risks
EY and CustomerXPs recently announced an alliance to assist companies with the detection, prevention and management of fraudulent transactions and activities within the banking industry.

December 2014

FIDS: 80% Indian enterprises unaware of Competition Law
Corporate India’s ignorance about Competition Law may cost them a fortune, reveals our latest report released by EY’s Fraud Investigation and Dispute Services.

November 2014

FIDS: India Inc.’s sentiments see a paradigm shift toward compliance
Growing awareness among the public in India leads to 95% of respondents admitting being uncomfortable with paying bribes at an individual level

October 2014

Transactions: India M&A on upswing, domestic transactions lead the way
Indian M&A landscape reflected uplift in the overall volume of M&A transactions in 3Q14, reveals Transactions Quarterly, EY’s quarterly review of the M&A landscape.

September 2014

Oil & Gas: India dependent on crude oil imports, despite growing demands
Despite the growing demand, India is heavily dependent on crude oil imports to meet the demand, importing nearly 76% of its crude oil requirements.

Transactions: Indian M&A transactions on rise, reflect global trends
Mega blockbuster deal announcements in FY14 led to a rise in global M&A values with marginal decrease in volume, reveals our annual study.

August 2014

FIDS: Whistle-blowing lacks significance in India Inc.
Whistle-blowing is the latest buzzword among Indian organizations. But compliance to the policy is still low, states EY’s survey.

FIDS: Fraud risks jump by 56% in India’s M&E sector
EY’s latest survey reveals a jump in fraud risks by 56% in India’s M&E sector, over the last two years.

Insights: EY launches Board Readiness Workshops for Women in India
With a view to enabling Indian women directors to succeed in their board roles, EY recently announced the launch of Board Readiness Workshops for Women.

July 2014

FIDS: Cyber Forensics and eDiscovery Centre launched in Hyderabad
EY’s Fraud Investigation and Dispute Services team inaugurated India's first advanced lab, Cyber Forensics & eDiscovery Centre in Hyderabad.

June 2014

World Entrepreneur Of The Year winner: Uday Kotak wins World Entrepreneur Of The Year 2014
Uday Kotak, the founder, Executive Vice Chairman and Managing Director of Kotak Mahindra Bank was named the EY World Entrepreneur Of The Year 2014.

Tax: Confidence in new Government could accelerate economic growth to 6.2% in FY15
India’s growth of 4.7% achieved in FY14, could potentially increase by approximately 1.5% points in FY15 leading to a growth of 6.2%, says EY study.

April 2014

IT Advisory: Indian CIOs to increase IT budgets upto 20%: EY-CIOKlub survey
Our recent survey shows the ever-increasing confidence of CIOs in enterprise IT tools and disruptive technologies that are shaping products, processes and organizations today.

Tax: ESOPs more preferred by Indian companies than MNCs, says EY Survey
Indian companies, in comparison to MNCs, prefer the conventional Employee Stock Option Plans (ESOPs), suggests our latest report.

March 2014

FIDS: Big data to play key role in fraud detection/prevention
In India, a vast majority supports the potential of Big Data to strengthen the compliance and anti-fraud efforts of organizations, states EY’s 2014 survey.

February 2014

Entrepreneur Of The Year: Uday Kotak awarded as the EY Entrepreneur Of The Year 2013
Uday Kotak, Executive Vice-Chairman and Managing Director, Kotak Mahindra Bank was named as the EY Entrepreneur Of The Year 2013 this evening.

Transactions: Effective working capital management integral to operational efficiency
India's leading companies showed a marginal improvement in working capital performance in 2013, as compared to 2012.

October 2013

Education: India to emerge as largest global talent provider
India will be the single largest provider of global talent, with one in four graduates in the world being a product of the Indian system.

Automotive: Automakers facing declining profitability
Low demands and high discount rates are expected to adversely affect the profitability of the automotive sector, till FY 15, reveals our new report.

Financial Services: Innovative payment systems for financial inclusion
Disruptive game changing innovations in payment systems is expected to be a primary growth driver for the success of financial inclusion, reveals our recent study.

Fraud Investigation & Dispute Services: Progressive improvement of arbitration in India
Indian judicial system is witnessing a pro-arbitration trend, according to a latest report released by EY.

September 2013

Mining & Metals: Accelerating the growth of India's mining sector
Intensive stakeholder efforts and the emerging markets are expected to contribute steadily in the resurgence of the Indian mining sector.

Oil and Gas: Developing the shale gas industry in India
India needs to build strong service and infrastructure capabilities, along with a favorable regulatory regime to promote exploration and production in its shale gas industry.

July 2013

Tax: Tax risk management and transfer pricing strategy
Tax risk management has been identified as top-most priority while devising transfer pricing strategies. Our recent survey reveals.

FIDS: Bribery and corruption in India
Our latest study reveals the detrimental effects of corruption on the Indian economy, escalating the need for efficient law enforcement and intensification of anti-corruption initiatives.

EY: Mark Weinberger becomes EY Global Chairman and CEO
Our Global Chairman and CEO unveils his plans for a "better working world" and for India, one of EY's key markets with "enormous growth potential".

June 2013

Tax: VAT/GST challenges in China, Brazil and India
Multinationals are demanding effective indirect tax management in rapid growth markets (RGMs). Our report advocates how RGMs rely on indirect taxes to maximize market opportunities.

Tax: Private equity in India: eliminating the hurdles
India needs to eliminate tax and regulatory hurdles to lure foreign investments in its private equity funds. Our recent report provides key recommendations.

May 2013

e-Commerce: Digital revolution and rebirth of e-Commerce in India
India is at the cusp of a digital revolution. Our report focuses on the various sub-segments of the e-Commerce market, their growth factors and challenges.

Tax: EY Global Payroll Survey
Our latest survey reveals how multinationals have failed to adopt transformative payroll techniques to compete and expand in the global marketplace.

EOY 2013: EY launches the 15th edition of the Entrepreneur Of The Year® Awards; opens call for nominations
We have launched the 15th edition of our prestigious Entrepreneur Of The Year Awards and opened nominations for the upcoming 2013 Program. Nominate now!

FIDS: Performance pressure in difficult times makes way for unethical practices in India
Our 2013 Europe, Middle East, India and Africa Fraud Survey reveals that companies may be resorting to unethical practices in response to challenging market conditions.

Advisory: Improving the bottom line is key for Indian CIOs in FY13-14
Our survey report suggests that the focus for CIOs has shifted outward and now the concentration is more on brining value to the business.

March 2013

Telecom: Need to add 500m rural subscribers and 520m broadband connections by 2020
Our latest report suggests that it has become necessary to retain 'value addition' in India by giving boost to the manufacturing sector, as 80% demand of telecom equipment can be met by domestic manufacturing.

Automotive: Mega trends shaping the Indian commercial vehicle industry
This report identifies six mega trends that are likely to impact and change the face of the Indian commercial vehicle industry.

February 2013

Entrepreneur of the Year: Presenting the winners of Ernst Young Entrepreneur Of The Year India Award 2012
Adi Godrej, Chairman of the Godrej Group was today named the EY Entrepreneur Of The Year India 2012. The Lifetime Achievement Award this year has been conferred upon Mr. Ratan Tata.

Entrepreneur of the Year: Announcing the 16 finalists of the 14th Entrepreneur Of The Year India Awards
The winners will be announced across several categories, with one being judged as the country winner. The country winner will represent India at the EY World Entrepreneur of the Year Award in Monte Carlo in June 2013.

Media & Entertainment: India's FM radio segment to generate INR14 bn in 2012-13
India's private FM radio segment, which has been growing at a CAGR of 14% annually, currently accounts for around 4% of the country's total advertisement industry, says our report.

Mining & Metals: India on the path to become worlds next steel powerhouse
India is increasing its presence in the global steel market as a result of domestic steel consumption and has seen a rapid rise in production over the past few years, according to our new report.