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This section features the recent news releases.
EY announces 17 Finalists for the 18th EY Entrepreneur of the YearTM Award Program
EY, the global professional services organisation, today announced the selection of 17 of the country’s most exceptional entrepreneurs as Finalists for the 18th Entrepreneur of the YearTM - India 2016.
Budget 2017 makes way for more transparency and accountability in Indian Railways
The Ministry of Railways sets a target for Indian Railways to produce its financial statements under Accrual accounting and publish these to all stakeholders no later than March 2019.
India Inc. expects a continuation of income tax incentives and deductions to boost the Make in India campaign: EY Pre-Budget Survey 2017
Corporate India believes that reforms are around the corner.
Potential of bitcoin in the time of demonetization
Increased use of bitcoin will make such currencies relatively more stable over time and offer opportunities for add-on services.
Indian digital segment to cross INR 20,000 crores by 2020: EY-vdonext report
The rural internet user base will surpass the urban user base by 2020, enabling the growth of vernacular and regional content.
Higher budgets not enough to inspire confidence in India Inc.’s cyber security, finds EY survey
Organizations are spending more on cybersecurity each year, but they are still not confident about their ability to sense, resist and respond to cyber threats.
IPO market strong in 4Q16; trend to continue in 2017
India outperformed on the IPO world map, recording a 38% increase in deal volume and a 79% surge in proceeds.
50% CFOs contemplating data’s impact on corporate reporting
Management is concerned about the inability of their legacy systems to allow reporting teams to extract forward-looking insights from large, fast-changing data sets.
Deconstructing the Insolvency and Bankruptcy Code
The Insolvency and Bankruptcy Code (IBC), 2016, passed by the Parliament on 11 May 2016, is being seen as a very timely and significant reforms measure for the financial and baking services sector.
Domestic M&A healthy despite tepid 3Q16 overall
Domestic activity dominated the Indian deal landscape, accounting for ~65% volume share and ~64% deal value.
Radical changes needed to counter white-collar crime
Our report, The changing dynamics of white-collar crime in India, calls for drastic changes in technology, transparency, frameworks and compliance ecosystem.
28% BSE 100 companies take 10% plus hit on net profit
Majority of the companies provided only minimum disclosures as part of the transition to Ind AS.
123 deals worth US$3.04 billion in 3Q16
PE/VC deal value declined 49% in the third quarter of 2016, while volume was down 44%.
India remains promising market for IPOs
IPO activity in the country during 2017 is expected to surpass 2015 levels.
New policy to boost exploration and expand mineral reserves
National Mineral Exploration policy (NMEP) will support exploration and mineral blocks, as per an EY report titled Indian minerals exploration – play to win.
“Trust deficit” in health care – EY-FICCI report
Emerging consumerism in health care necessitates a focus on patient experience and move beyond just care.
Trained nurses to stay in demand: EY-FICCI report
Our country needs an additional 2.4 million nurses to meet the growing demand, and the gap will only increase every year.
Transactions: Domestic M&A stays strong in 2Q16
Domestic activity continued to dominate Indian M&A transactions in 2Q16 – accounting for 54% of deal volume and ~70% of deal value.
FIDS: EY, ACFE launch the flagship “Forensic Trailblazer Award”
The Forensic Trailblazer Award is intended to recognize individuals with extraordinary forensic capabilities and enhance awareness about this niche field.
Ransomware concerns set to intensify globally
Our ransomware defense and remediation tool Radar 360 protects digital assets (computers and laptops) and also helps recover encrypted data in case of attack.
Private Equity: PE/VC deal value down 11%; volume falls 19%
PE/VC investments declined during the first half (January-June) of 2016, clocking 301 deals worth US$7.6 billion.
Power & Utilities : M&A value in power sector up 166% (Jan-May)
The power sector saw 17 deals valued at US$1.6 billion during the first five months of 2016.
Power & Utilities : India ranks third on Renewable energy country attractiveness index
India held its position at the third spot for the second year in a row in the Renewable energy country attractiveness index released by EY globally.
TAS: Domestic transactions drive Indian M&A with 67% share
According to our Transactions Quarterly, M&A activity involving Indian companies continued its momentum during the quarter ended March 2016 with 245 deals worth US$7.8 billion.
Advisory: Enterprise IT trends 2016: the growing startup gene
Embedding the start-up mentality can effectively help CIOs achieve their digitization strategy, according to our CIO Klub survey.
Assurance: Is India Inc prepared for corporate reporting’s perfect storm? India findings
28% percent Indian businesses reported a significant increase in business units (vs. 17% globally) and 20% saw larger number of products and services sold (vs.14% globally).
FIDS: Individual accountability in the spotlight: Global Fraud Survey
According to the EY Global Fraud Survey 2016, corporates in India will place greater onus on individuals as they battle fraud, bribery and corruption risks.
Technology: Middle-aged consumers key for e-commerce growth
Consumers aged 31-54 years spend the highest while making online purchases, according to our recent report, ‘What will it take to sustain e-commerce growth?’.
FIDS: New EY tool to aid software license compliance
We have launched SAPPHIRE - an automated tool to help companies manage SAP license compliance. Read ahead for how you can reap its benefits.
Budget 2016: Budget 2016 - what’s in for “Make in India”
The Budget has sought to address concerns of foreign investors, bring about tax certainty and reduce litigation and conflicts.
TAS: India among top six countries by deal volume
Global IPO volume has been down in the first quarter, but India is hopeful of a birght year with six deals already announced.
Railways: Indian Railways appoints EY as consultant to tap advertising potential of stations and trains
Initiating a large-scale significant exercise to identify and leverage pan-India advertising opportunities at Railway Stations and Trains, Indian Railways has appointed EY in India as Consultant to undertake this job on its behalf.
FIDS: EY launches NPAccurate
NPAccurate will enable banks to decipher their NPA position effectively.
Transactions: Record year for PE while M&A activity softens
India’s M&A market saw PE activity recording its best year ever in terms of the volume and value of investments in 2015.
EOY 2015: Vinita and Nilesh Gupta of Lupin Limited win EY Entrepreneur Of The Year Award 2015
Vinita Gupta, CEO and Nilesh Gupta, MD of Lupin Limited, who have brought about a phenomenal transformation at Lupin Limited with spectacular growth in global and domestic markets while also creating tremendous value for stakeholders in a relatively short span of time, were today named the EY Entrepreneur Of The Year 2015.
EOY 2015: EY announces finalists for the 17th EY Entrepreneur of the YearTM awards
EY, the global professional services organisation, today announced the selection of 18 of the country’s most innovative business leaders as finalists for the 17th Entrepreneur of the YearTM - India 2015.
Automotive: Auto industry to be the engine of “Make in India”
India has emerged as an important automotive market and offers huge growth potential due to its low vehicle penetration and improving economic fundamentals.
FIDS: Cybercrime is a key fraud risk in India: FDA survey
Cybercrime, internal fraud, and bribery and corruption have frazzled Indian organizations over the past two years, according to our 2016 Global Forensic Data Analytics Survey.
FIDS: EY FIDS’ forensic outlook for 2016
Our FIDS team has outlined key trends that corporates in India should be cognizant of in 2016 to mitigate risks and chart a holistic growth roadmap.
Transactions: Indian M&A upbeat – up 18% by value
As per our latest Transactions Quarterly report, 233 M&A deals worth US$7.7 billion were clinched during the quarter ending September 2015.
Business environment: India most attractive investment destination
India has emerged as the number one FDI destination in the world during the first half of 2015, reveals our 2015 India attractiveness survey.
Mining & Metals: New regulations calling for an overhaul in mining
Mineral auction bidders need a comprehensive strategy to succeed. States must collaborate for the growth of the Indian mining industry: EY-FIMI report
Automotive: Indian automotive industry at crossroads
Automakers need to realign themselves as the industry faces testing times, suggests EY report
Media & Entertainment: Digital’s share in the media and entertainment pie
Digital media accounted for 50% of deal volume in India in 2014, according to our M&E Capital Confidence Barometer.
Technology: India’s ecommerce setup - are we there yet?
Our non-English speaking audience presents the largest opportunity for ecommerce players, though the country’s ecosystem lacks maturity, according to our recent study.
FIDS: Issue of non-performing assets to worsen: EY survey
Our survey report, Unmasking India’s NPA issues – can the banking sector overcome this phase?, uncovers reasons and challenges for mounting bad loans.
Mining & Metals: Window of opportunity for steelmakers
Risks and opportunities in the steel business are getting larger in scale and impact. Companies must find the right balance between globalization and customization.
FIDS: Data integrity issues persist in pharma industry
According to EY’s survey, pharma companies in India need to realign their quality and manufacturing compliance framework in line with regulatory guidelines.
Telecom: Call for regulatory aid to create “Digital India”
The EY-FICCI report makes key recommendations for realizing the “Digital Bharat” dream.
FIDS: Bribery and corruption continue their rampage
The EY EMEIA Fraud Survey 2015 reveals that corporate India has found ways to justify bribery and corruption.
FIDS: Corporate India awakens to sexual harassment threat
Growing incidents of women safety issues has compelled organizations to comply with the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act 2013.
Advisory: Newer technologies such as digital will attract more than 25% of the IT budgets, says EY-CIOKLUB Survey 2015.
EY's Monitoring Information Security Threats (MIST) system would enable organizations to strengthen their information security.
Media & Entertainment: Events and activation industry grown at 15% to INR 4,258 crore in 2014-15: EY Report
Managed events remain the largest service offering, while IP (Intellectual Property) and digital events are growing at a faster rate than managed events in India.
FIDS: Corporate India embracing whistle-blowing
Companies are increasingly relying on whistle-blowing as an effective platform to detect and deter fraud.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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".
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.
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.
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.
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.