In the spotlight...

This section features the recent news releases.

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: Ernst & Young 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: Ernst & Young 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 Ernst & Young 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 Ernst & Young 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.

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

Life Sciences: Universal health cover for India: Demystifying financing needs
This report aims to provide a roadmap for making the “Universal Healthcare Coverage” a reality, by addressing key areas like the government's role, affordability and others.

August 2012

Transfer Pricing: India is the third highest jurisdiction with pending transfer pricing disputes
Ernst & Young Global Transfer Pricing Survey, 2012 gives insights into tax authorities in a wide range of transfer pricing jurisdictions and suggests that in India atleast 1,500 transfer pricing disputes were pending in litigation, as of February 2011.

June 2012

EOY 2012: Nomination open for the Entrepreneur Of The Year Award 2012 
In its 14th year in India, the program.aims to "honor the engineers of growth"- the most exceptional entrepreneurs, who are laying the foundation of a new tomorrow with their vision, diligence and ingenuity.

Education: Right to Education in India: role of the private sector 
It is the primary responsibility of the Government of India to ensure implementation of the Right to Education Act (RTE). This study explores the role the private sector in implementation of the RTE.

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

Technology: Businesses respond to volatile markets by focusing on increasing IT agility, says our survey
IT functions are responding to the current volatile markets by focusing on establishing lean IT that can quickly respond to business demands, says our survey.

Strategic Growth Markets: Consumption a panacea to weak world outlook in rapid-growth markets
While the global economy is still in an uncertain state and trade flows remain subdued, rapid-growth markets (RGMs) around the world are proving resilient. RGMs are expected to grow collectively at 5.3% this year, bouncing back to 6.3 % in 2013, according to Ernst & Young's quarterly Rapid Growth Markets Forecast (RGMF) released today.

Life Sciences: Pharma & healthcare companies need to reinvent business models to be Patient-centric, says Ernst & Young 
Healthcare companies will be required to fundamentally reinvent their business models to be able to drive behavioral changes in consumers in a better way, according to our latest annual report "Progressions 2012 - The third place: health care everywhere."

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

Entrepreneur Of The Year 2011: Announcing the winners of Ernst & Young Entrepreneur Of The Year Award 2011 India
Rahul Bhatia, Group Managing Director, InterGlobe Enterprises, was named the Entrepreneur of The Year 2011 India. Deepak Parekh of HDFC was felicitated with the Lifetime Achievement Award at the awards banquet held in Mumbai.

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

Fraud Investigation & Dispute Services: India can become a preferred arbitration destination, says our survey 
Mumbai, 18 November 2011 - Our Fraud Investigation and Dispute Services survey reveals that better focus on improving cost and time efficiencies in dispute resolution can spur India to become a preferred arbitration destination.

Telecom: Ernst & Young-FICCI Report on Mobile Handset Sector calls for strong policy intervention for growth of the industry 
New Delhi, 03 November 2011 - Ernst & Young-FICCI report on the mobile handset sector recommends key measures in overcoming the various challenges faced by the sector and outlines a roadmap for future growth.

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.

Real Estate: India Real Estate sector under close watch, as per EY-FICCI's recent report titled "A new realty: Dissolving borders through cross-border integration" 
September 2011 - This Ernst & Young study explores major trends and issues in the Indian real estate sector, in light of the global scenario.

Fraud Investigation and Dispute Services : Companies need to build a robust internal compliance review program for government regulations in pharma marketing to be effective: Ernst & Young
Mumbai, 19 September 2011 - The implementation of the uniform code of pharmaceutical marketing practices (UCPMP) would encourage good marketing practices by pharmaceutical companies.

Mining & Metals: Over 90% of mineral resources in India unexplored: Ernst & Young report
Bangalore, 5 September 2011 - India has explored only 7-9% of the mineral resources as against almost 100% geophysical and geochemical surveys in countries such as Australia. Ernst & Young's report "Exploring India: Mining the Opportunities" reveals this and more.

August 2011

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.

Entrepreneur Of The Year 2010: Olivia Lum of Hyflux named Ernst & Young World Entrepreneur Of The Year 2011
Monte Carlo, 5 June 2011 - Olivia Lum, Group CEO and president of Hyflux Limited, from Singapore, was last night named the Ernst & Young World Entrepreneur Of The Year 2011 at an awards ceremony held in Monte Carlo's Salle des Etoiles.

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

Tax: Check tax liability before getting excited over overseas deputation 
24 May 2011 - Overseas deputation comes with tax implications in both countries at the time of exit and return, which need to be well thought out before leaving.

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.

Tax: Taxpayers can seek stay on proceedings 
3 May 2011 - Law allows taxpayers to seek stay from a tribunal in a pending appeal, if they can depict a strong case.

Banking and Finance: Free trade agreements and corporate global strategy 
1 May 2011 - Picture a world of nominal or zero customs duties, fewer product standards and technical regulations, and no burdensome licensing procedures.

April 2011

Ports & shipping: Conditions feasible for country's marine industry growth, says NMDC-EY report titled 'Indian coastline-A New opportunity'
1 April 2011 - Overview of the Indian coastal shipping sector. The key advantages that sector has and the key challenges currently being faced by the sector.

March 2011

Life Sciences: Pharmaceutical industry expanding partnerships with new entrants in health care space, says Ernst & Young
15 March 2011 - Pharmaceutical companies are dramatically increasing their investments in new and innovative offerings to meet the demands of a patient-empowered, data-driven, outcomes-focused future in health care.

February 2011

Entrepreneur Of The Year 2010: Dilip Shanghvi of Sun Pharmaceutical Industries wins this year's award
7 February 2011 - Mr. Dilip Shanghvi is the Entrepreneur Of The Year, as announced at the celebratory banquet for the 2010 program. This press release includes winners in each category.

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

Retail & FMCG: Consumer Product sector deals Q1 value up by 334%
27 May 2010 - The release is about deal activity in the consumer products space for 1QFY10 based on transactions report.

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

Power & Utilities: Power & Utilities sector near tipping point as smart future beckons
25 April 2010 –The release is about report-Seeing energy differently which assess the change in massive consumer model which focus on new entrants, new services and new distribution pattern for the sector.
Transaction Advisory Services (TAS): Strong global IPO market in Q1 sets tone for 2010
12 April 2010 – The release is about Ernst &Young Global report – Q1 2010 Global IPO update which presents a detailed picture on IPO activity scenario in India and global markets.

March 2010

Metals & Mining: India registers positive growth in mining deals
18 March 2010 – The release is based on a survey conducted by Ernst & Young to assess the importance of divestment during the challenging market conditions.
Life Sciences: Creative alliances with non-traditional player s increasingly essential for survival in pharmaceutical industry
17 March 2010 – The releases is about Ernst & Young global report-Progressions Pharma 3.0 which maps synergies between IT, retail, telecom companies with pharma companies globally.

February 2010

Entrepreneur Of the Year (EOY) Award: Winners of Ernst & Young EOY 2009 awards
17 February 2010 – The release presents details of the winners of 2009 Entrepreneur Of the Year awards held in Mumbai.