News Releases This section features the recent news releases. October 2012 - FIDS: How to catch the fraudsters@ work
Technology has helped businesses streamline operations, but in the hands of fraudsters it can wreak havoc. - Life Sciences: Effective supply chain management key to business growth in the pharma sector
Loss of sales due to non-availability of products in the pharma distribution setup and lack of visibility of pharma companies into stock holding and stock movement in the supply chain were identified as key concern areas, according to our latest study Unlocking the potential of the pharma distribution channel. September 2012 August 2012 June 2012 May 2012 - Fraud Investigation & Dispute Services: Drive for revenue growth ignores risk of prosecution for senior executives
An alarming 28% of senior executives polled say they would be willing to make cash payments to win or retain business, our 2012 Global Fraud Survey reveals. - Advisory: Kolkata weakest on ‘working ratio’ in performance of water utilities followed by Jaipur and Delhi, highlights Ernst & Young report
Reforms in water policy and pricing, sustainability in industrial water use, improvement in performance of utilities and mobilization of the private sector have the potential to address water-related challenges, highlight Ernst & Young’s report titled ‘Riding the Wave’. The same was released by Mr. Suresh Prabhu, Global Ambassador of Global Water Partnership at ASAPP media’s H2O conference held in Mumbai today. - Media & Entertainment: Indian film industry to drive growth with Hollywood collaboration, says our report
Filmed entertainment, VFX (visual effects), Travel & Tourism and film education in India have emerged as key areas where Indian film industry will witness an accelerated growth with a strong presence of Hollywood, according to our report “Film industry in India: New horizons.” - Automotive: Indian CV sales to hit 1.6 million units by 2016-17, suggests our report
According to the report, the stakeholders across the Indian commercial vehicle (CV) industry are likely to be impacted by rapidly changing events - right from the operating environment, competition, distribution channel to supply chain. April 2012 March 2012 - Fraud Investigation & Dispute Services:India Inc sees a rise in frauds: Ernst & Young's India Fraud Survey
Our report Fraud & corporate governance: Changing paradigm in India aims to understand how businesses have coped with increasing fraud and corruption risk last year and the measures taken by the various organizations to mitigate these risks. February 2012 January 2012 - Oil & Gas: There is a need to develop a clear roadmap for securing availability of natural gas resources and supply, says Ernst & Young report 'Synergy for Energy'
India needs to develop a holistic approach by investing in all segments of the natural gas value chain to strengthen its domestic gas industry. Companies as well as governments can adopt innovative steps - both at the center and the state - to develop the gas infrastructure and stimulate the consumption of gas in the country. - Strategic Growth Markets: Resilient RGMs will fend off strain of Eurozone crisis, says our forecast
Slackening demand, turbulent markets and credit liquidity problems in Europe are beginning to squeeze rapid-growth markets (RGMs) but not enough to derail robust economic performance. - IT Advisory: Indian companies will increasingly depend on cloud computing services, says our survey report
New Delhi, 13 Jan 2012 — As organizations realize the benefits of bringing their business into the cloud and with growing levels of confidence in the cloud business model, many companies are looking at moving their critical capabilities and sometimes their entire IT infrastructure and applications platform into the cloud, thereby forever altering their business model, according to Ernst & Young's latest Global Information Security Survey 2011. They are moving from more traditional outsourcing contracts to cloud service providers. - Automotive: Indian auto industry to witness major changes in a decade of growth & opportunities, suggests Ernst & Young report
New Delhi, 10 January, 2012 – Despite increase in fuel costs, macro-economic issues and slow growth in 2011, the long term growth story of India's auto Industry remains intact, suggests Ernst & Young report titled – 'Mega trends shaping the Indian passenger vehicle industry'. The country's passenger vehicle sales and production is expected to grow by 14 to 16% over 2011 to 2021, reaching over 9 to 10 million units annually. Consequently, India is evolving to become not only a regional base for small car production, but also an exports hub to other emerging markets. December 2011 - Media & Entertainment: Ernst & Young India M&E Leader Farokh Balsara to lead EMEIA M&E Practice
Mumbai, 24 Decemeber, 2011 - This is an unprecedented move and Farokh Balsara is the first Partner from India to lead a sector at an EMEIA-wide level. - Fraud Investigation & Dispute Services: India needs to be more prepared for IT fraud: our survey
Mumbai, 20 Decemeber, 2011 - The survey, "Technology Frauds : a changing world" asserts that while companies in India are aware of the risks in the digital world, there appears to be a considerable lack of preparedness to counter an incident. - Media & Entertainment: Growing digitization and improving demographics are leading drivers for M&E industry growth
Mumbai, 06 Decemeber, 2011 - The Indian Media and Entertainment (M&E) industry registered revenues of US$16.3 billion in 2010 and is expected to be in excess of US$25 billion in the next four years, according to Ernst & Young's report - 'Spotlight on India's Entertainment Economy'. The study released today shows that India's growing digital media consumption and favorable demographics are key drivers for the media and entertainment industry's future growth. November 2011 -
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Entrepreneurship: India has strongest entrepreneurial culture among G20 nations: Ernst & Young Mumbai, 2 November 2011 - India has an extremely strong entrepreneurial culture, perhaps the strongest out of any G20 nation, according to Entrepreneurs speak out: a call for action to G20 governments – the Nice Cote d'Azur 2011 Entrepreneurship Barometer, released by Ernst & Young at the G20 Young Entrepreneurs Summit (G20 YES) held in France this month. 98% of Indian entrepreneurs who were surveyed for this report agreed with the statement that Indian culture encourages entrepreneurship, as compared to 80% for the rapid growth markets and 72% for the mature economies. October 2011 -
Strategic Growth Markets: Ernst & Young Rapid Growth Markets Forecast (RGMF) Mumbai, 24 October 2011 - India and China are expected to be relatively less impacted among the 25 Rapid Growth Markets(RGMs) in case of a deterioration of the Eurozone debt crisis , according to Ernst & Young's first Rapid Growth Markets forecast (Autumn 2011) released today. September 2011 -
Media & Entertainment: Tepid M&A activity in quarter ending September 2011 Mumbai, 19 September 2011 - According to Ernst & Young's latest Transactions quarterly report, the M&A activity of Indian companies during July–September 2011 witnessed 158 deals, a decline of 14.1% as compared to the previous quarter. -
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Biotech: Despite renewed growth in 2010, Biotech industry faces R&D challenges, Says Ernst & Young Bangalore, 30 August 2011 - The Indian biotech industry continues to progress on the global front. The industry crossed the US$4-billion mark in 2010-11, growing 21% over revenues of approximately US$3 billion a year ago, according to 'Beyond Borders: global biotechnology report 2011, Ernst & Young's 25th annual report on the biotech industry. Vaccines, diagnostics and devices and personalized medicine we be the key innovative growth areas for the Indian biotech sector. June 2011 -
Strategic Growth Forum: India Inc gathers to navigate next phase of 'Growth' Mumbai, 11 June 2011 - Founders & CEOs of fast-growth companies from India and across the world gathered in Mumbai on 10 and 11 June at Ernst & Young's Strategic Grwoth Forum to address the specific needs and challenges of fast-growth companies as they navigate through their next phase of growth. -
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Insurance: Insurance companies face increased fraud risk Mumbai, 2 June 2011 - Ernst & Young's insurance fraud survey has revealed that the rising incidence of fraud is driving up costs for insurance companies and premiums for policy holders. May 2011 -
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Banking and Finance: Bank secrecy on the back foot 17 May 2011 - For the past year, voices are being heard in India against black money held by Indians in secret bank accounts abroad. -
Banking and Finance: Claim relief on hypothetical tax amount 17 May 2011 - While decisions are restricted to the tax treatment of hypothetical taxes in case of individuals coming on assignment to India, it also holds practical relevance for outbound Indians. -
Infrastructure: New rules to spur M&A deals 16 May 2011 - The regulations on M&A are bound to change the dynamics of doing transactions in India. While there are problems, a lot of speculation has been out to rest. -
Entrepreneur Of The Year: Inviting nominations for the 13th Entrepreneur Of The Year Award - India New Delhi, 16 May 2011 - The program invites nominations from outstanding entrepreneurs, including those based in tier II and tier III cities, presenting them with an opportunity to make a mark on the national stage. Nominations are open from 16 May to 16 August 2011. -
Mining & Metals: India set to become global steel powerhouse 4 May 2011 - The rise of India and the issues, challenges and opportunities for the global steel sector are examined in a new Ernst & Young report, Global steel – 2010 trends, 2011 outlook, released today. -
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April 2011 March 2011 February 2011 January 2011 -
Entrepreneur Of The Year 2010: Presenting the finalists 31 January 2011 - The jury for the Ernst & Young Entrepreneur Of The Year 2010 selects the 18 finalists for the 12th edition of the awards in India. -
Economy: FDI in India to surge in next decade 24 January 2011 - Foreign investors see the huge long-term growth possibilities that India presents according to Ernst & Young's first Indian Attractiveness Survey. -
Steel: Global Steel Report 16 January 2011 - Steady recovery by the steel industry but sustainability will be tested as the stimulus package effects fade away. -
Auto: Emerging markets drive volume growth in automotive sector in 2010 13 January 2011 - 2010 saw the automotive industry gradually return to growth. Demand for vehicles in mature markets improved and continued to grow in emerging markets. IPO activity increased significantly, demonstrating a return of investor confidence. December 2010 -
Business: Competing for growth 29 Dec 2010 - Ernst & Young's latest survey of 1,400 executives from around the world talks about how companies across all sectors and markets are expecting the new economy to be even more competitive than the old over the next two years.The increased competitive pressure extends across the value chain for labor, input materials and capital. Moreover, those from emerging markets expect competitiveness to increase the most, as companies from developed markets enter and local players intensify their focus. The research shows that high-performing companies are significantly ahead of their competitors in four critical areas - customer reach, operational agility, cost competitiveness and stakeholder confidence. -
Oil & Gas:CBM and shale gas to play a vital role in meeting growing energy demand 13 Dec 2010 - The report talks about the development of unconventional gas resources which in the last decade has received significant impetus, largely attributed by declining conventional gas reserves, increasing demand from developing countries such as China and India and improvements in technology for extraction. -
Retail & Consumer Product Sector:Ernst & Young - IDSA report on the 'Indian Direct Selling Industry 2010' 15 Dec 2010 - The executive summary is about the report - talks about the key annual survey (2009-10) findings of the Indian Direct Selling Industry. It throws light on the strong growth it has maintained (a 24% growth over the previous year). It also talks about the strong drivers for growth, new trends, challenges and the key issues the industry needs to address going forward inorder to sustain this robust growth. September 2010 -
Media & Entertainment:Indian magazine segment to be bullish on growth for the next 3 years 8 September 2010 - The release is about report-The Indian magazine segment-Navigating growth avenues which presents the emerging trends and issues for Indian Magazine industry along with the evolving operating models of magazine publishers with future M&A opportunities and relevant tax issues. May 2010 -
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Media & Entertainment: Small town lead the league for marketers 24 May 2010 – The release is about report-The New Market Shehers-Tapping beyond the metroes indentifies trends in consumption patterns and marketing spends in small town India. April 2010
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Government Services: EY CII report on SMEs in Indian defence industry 19 Nov 2009 - The release is based on the report-Enhancing the role of SME's in the Indian defence industry which highlights the growth and participation potential of Indian SME for the defence sector -
- Media & Entertainment: South Indian cinema continues to build on its strengths
17 November 2009 -The report provides an insight into the south Indian film industry by analyzing current trends and industry best practices.
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Real Estate: Delhi remains preferred choice of real estate 12 November 2009 – The release is based on the report-Staying real in India: what makes Indian real estate resilient and an exploration of opportunities which highlights key trends, tax ®ulatory impact and a developer-investor survey which give a broader picture on potential of sector.
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Assurance: Corporte India requires greater audit committee involvement 25 June 2009: The release is based on the Ernst & Young Internal Audit survey report 2009 which highlights the views from senior personnel of organizations including-heads of finance, audit committee members, internal audit functions on challenges faced and how are meeting evolving and diverse expectations -
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