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PE/VC investments in May 2019
May 2019 recorded US$2.8 billion in investments across 82 deals, a decline of 54% vs May 2018 due to fewer large deals.
EY Global FinTech Adoption Index 2019
FinTech adoption rate has grown to 64% globally with 96% aware of at least one service: EY Survey.
M&A: India M&A get off to a slow start in 2019: EY India
After a record year for Indian M&A, deal-makers paused a little in the first quarter of 2019, thanks to a subdued global M&A market.
Technology: e-pharma market in India to reach US$2.7b by 2023: EY
According to a new EY report ‘e-pharma: delivering healthier outcomes’, the e-pharma market in India is expected to reach US$2.7b by 2023.
79% Y-o-Y growth in PE/VC investments in April 2019: EY India
April 2019 records US$4.4 billion in investments across 102 deals and US$1.6 billion in exits across 16 deals, highest exits value in past six months.
Blockchain: EY unlocks the power of blockchain with new solutions and services in India
EY, the leading global professional services organization, today announced a series of new solutions and services using blockchain technology which includes EY Smart Contract Analyzer.
PE/VC Agenda: India Trend Book 2019
PE/VC in India - two consecutive record setting years!
PE/VC: March 2019 hits a record high of US$7 billion PE/VC investments, over 100% Y-o-Y growth: EY India
March 2019 and 1Q2019 record highest ever monthly and quarterly value of buyout deals and private investments in public equity (PIPE) deals.
Data analytics can help in child protection implementation in India: EY report
Child vulnerability: Can data help to identify “Children at-risk” – a Child Vulnerability Index has been prepared to identify the Indian districts that require maximum attention.
ESOP emerges as the most preferred shared based incentive plan
Share based incentive plans are most prominent in technology (19%), financial services (19%) and diversified manufacturing (16%) sectors.
PE/VC: PE/VC investments rise by 51% in February 2019
According to EY’s Private Equity Monthly Deal Tracker - February 2019, investments worth US$2.6 billion across 61 deals and exits worth US$472 million across 10 deals were recorded.
E-commerce and Consumer Internet Sector – India Trendbook 2019
E-commerce and consumer internet companies have raised over US$7 billion in PE/VC capital in 2018.
Advisory: RPA as a service
EY, Blue Prism first to offer “RPA as a service” on Microsoft’s Azure cloud to Indian enterprises.
Life Sciences: Life Sciences 4.0: transforming health care in India
82% of life sciences and healthcare start-ups offer improved affordability, accessibility and efficiency in their products and services leveraging emerging technology: EY survey.
Cyber security: Cybersecurity continues to rise up the board agenda across India Inc, finds EY survey.
Cyber security has become a boardroom concern for organizations across verticals, revenue bands and geographies due to the rising cost of cyberattacks and their broadening scope.
Siddhartha Lal is the EY Entrepreneur Of the Year 2018
Siddhartha Lal, Managing Director and Chief Executive Officer, Eicher Motors, was today presented the EY Entrepreneur of the Year 2018 Award by Shri Devendra Fadnavis, the Honorable Chief Minister of Maharashtra.
PE/VC: PE Investments witness a robust start in January 2019 despite subdued headline numbers: EY
Overall PE/VC Investments and Exits in January 2019 decline in the absence of large deals.
Tax and Workforce Advisory: EY launches GST DigiLearn
EY today announced the launch of GST DigiLearn, a comprehensive, cloud-based digital learning solution to provide structured training support to meet the GST training needs across an organization.
2018, a record year for PE/VC investments, exits and fund raise: EY
At US$35.1 billion, PE/VC investments surpass US$26.1 billion recorded in 2017, a new all-time high for PE/VC investments.
EY strengthens its collaboration with IBM with the launch of next-gen Security Operation Centres (SOCs)
EY’s Managed Services will build and enhance Security Operations Centres (SOC) operations to help Indian organizations strengthen their enterprise information systems
Consumer Products and Retail: Consumer-facing companies risk irrelevance due to a lack of bold transformation plans: EY
Consumer-facing companies must change how they transform their businesses and take bold steps in order to remain relevant to the data and technology-enabled smart consumer.
eCommerce: Rural market for e-commerce in India likely to be a US$10-12b opportunity in the next four years: EY
The total e-commerce sales may likely to grow at 32% compounded annual growth rate CAGR from 2017 to 2021.
Forensic: Bribery and corruption in emerging markets shows no improvement: EY
52% of respondents in emerging markets stated that bribery and corruption happens widely in business.
PE/VC: Investments in India decline Q-o-Q; fund raise remains strong: EY
According to EY’s Private Equity Deal Tracker, PE/VC investments weaken in 3Q18 in India.
PE/VC: 1H18 sees highest investments in Financial Services, with US$4.2 billion across 74 deals, the highest ever half-yearly PE/VC investment in any sector
Financial Services sector received highest share, ~US$16.6 billion, in investments from PE/VC since 2015 in India.
PE/VC: Buyouts lead investments in August 2018 with more than twice the value received in August 2017: EY India
Power and utilities record highest value of investments at US$532 million whereas technology led in terms of number of deal with 7 deals.
PE/VC: Year-to-date PE/VC investments higher by 45% than same period last year
July 2018 records investments worth US$1.5 billion across 63 deals.
GST: GST tax structure should move towards lower rate brackets
Rate rationalizations over a period of time have tried to bring down the rates in sectors to boost economic activity.
Advisory: Government of Andhra Pradesh launches ePragati Core Platform to realize the vision of ‘One Government’
Partners with EY to power this digital transformation journey and manifest the Government’s vision of the future.
EY Foundation: EY Foundation India collaborates with India ParyavaranSahayak (IPS) Foundation to improve air quality
EY Foundation India, the not-for-profit arm of Indian member firms of EY Global, today committed its support to the India ParyavaranSahayak (IPS) Foundation.
Tax: Over 90% of tax professionals believe that process and technology skills will become core competencies for the tax function: EY India Survey
60% of the respondents to the survey believe that their organisations are not investing enough time and money in technology to manage its reputational and tax risk profile.
Advisory: EY launches blockchain enabled loyalty management solution
EY, the leading global professional services organization, today announced the launch of a loyalty management solution, underpinned by emerging technologies- blockchain and analytics.
GST: A tax reform that’s paying off
Revenue buoyancy and better compliance are among the positives of the tax regime since its rollout a year back.
GST: GST in India: An amazing journey
Bringing together 35 diverse stakeholders to nurture and roll out an indirect tax transformation is the hallmark of Goods and Services Tax (GST) introduction.
GST: Making India a model GST jurisdiction
A year ago, India began a fresh journey into the indirect tax world, by entering into a new era of GST ‘one nation, one tax’.
GST: One year of GST: Compensation cess drives confusion for the auto sector
The Indian automobile industry has historically been one of the highest taxed sectors from an indirect tax perspective.
GigNow: EY launches GigNow - an advanced technology platform to tap into the ‘gig economy’
GigNow is part of a series of new global programs from EY designed to prepare the workforce and business for the future of work.
PE/VC: PE/VC investments cross US$3 billion for the second time in 2018: EY
May 2018 records investments worth US$3.2 billion across 53 deals.
Tax: SUPPLY-SIDE THRUST, GROWTH PROSPECTS SHAPE NEW POLICIES
The evolution of India’s economic policies since May 2014 was constrained by certain initial challenges and a combination of global economic headwinds and tailwinds.
Tax: Which ITR form applies to you for financial year 2017-18?
The income tax authorities notified the new tax return forms applicable for the financial year 2017-18 in April.
Metal & Mining: Current approach to digital transformation is not enough to enable competitive advantage in mining
The report highlights that focusing on productivity alone is not enough to generate competitive advantage, and companies need to adopt a cohesive, end-to-end approach to integrate digital initiatives.
PE/VC: PE/VC investments grow by 23% in April, e-commerce leads as a sector: EY
Renewable energy sector records it’s largest deal ever with a the deal value US$1.66 billion.
Tax: Succession planning – do you have a will, what happens if you die intestate
To avoid any confusion or arguments at an already stressful time, it is vital to ensure that a formal hand over and succession plan is in place.
Advisory: AI creates jobs, yet talent crisis remains, according to EY poll
AI is creating jobs, yet 80% of respondents say there is a lack of talent to fill positions.
PE/VC: PE Roundup – 1Q2018 & March‘18
PE/VC investment activity across asset classes was off to one of the best starts ever in 1Q2018
PE/VC: PE/VC investments record best first quarter of the year since 2008: EY report
According to EY’s private equity monthly deal tracker, 1Q2018 recorded investments worth US$7.9 billion across 180 deals.
Forensic: Fraud and corruption still pose a formidable risk to businesses
Organizations’ exposure to fraud and corruption risks has increased tremendously in a technologically dominated world, said EY’s Global Fraud Survey 2018.
Metal and Mining: Mining and metals sector has a long road ahead to address its cyber maturity gap
Cyber risk escalating as mining companies become increasingly digitized.
Consumer Products and Retail: EY India to host first-of-its-kind ‘FutureConsumer.Now’ program
The two-day hackathon will be held in Mumbai on 9-10 April 2018.
Budget 2018: Amendments at the enactment stage – Impact analysis
The FB 2018 had provided for inclusion of fund of funds within the definition of “equity oriented fund” for taxation of Long-Term Capital Gains.
M&A: M&A deal volume highest in 2017 since 2010 with 1022 transactions
As per EY’s latest Transactions Annual report released today Indian M&A ended the year 2017 with 1,022 deals with a disclosed value of US$46.8 billion.
M&E: Media and entertainment industry in 2017 grew by almost 13% to reach INR 1.5 trillion: FICCI – EY report 2018
The Indian Media and Entertainment (M&E) sector reached almost INR1.5 trillion (US$22.7 billion) in 2017, a growth of around 13% over 2016.
PE/VC: PE/VC investments moderate by 60% in February after an active January: EY
Impacted by global volatility, February 2018 records investments worth US$1.4 billion, 60% lower than the previous month.
Forensic: Financial crime on the rise in India’s life insurance sector: EY report
According to the report, 56% of the life insurers stated upto 30% increase in fraud over the last two years; 7% confirmed upto 50% increase.
Sanjiv Bajaj is the EY Entrepreneur Of the Year 2017
Sanjiv Bajaj, Managing Director, Bajaj Finserv, was today named the EY Entrepreneur of the Year 2017.
PE/VC: Investments worth US$3.5 billion in Jan 2018; continued momentum from last year: EY
January 2018 records investments worth US$3.5 billion across 51 deals, an increase of 98% over last year.
Budget 2018: Discipline prevails over populism, says EY India
The government’s philanthropic vision demonstrates the strategy of moving from ‘Ease of Doing Business’ to ‘Ease of Living’.
Budget 2018: Here is how it affects the technology and e-commerce sector
With rise in the manufacturing sector together with the consistent performance of service sector, government estimates India to grow at a healthy rate of more than 8%.
Budget 2018: Telecom sector left in the lurch yet again
Post demonetisation and GST windfall tax collections, the Budget 2018 was eyed as ‘populist’ being the last full Union Budget of the present ruling government.
Budget 2018: A few, but very focused indirect tax changes
Budget 2018 saw a few, but very focused changes from the perspective of customs duty.
Budget 2018: Lens on cross-border deals
Union Budget 2018 is the last full-year budget before the upcoming elections in 2019.
Budget 2018: Industry need not have too many concerns
The Economic Survey 2018 has estimated that the Indian economy will grow by 7-7.5% in 2018-19, thereby reinstating India as the world’s fastest-growing major economy.
Budget 2018: Sleight of hand in tax breaks creates illusory gains
The standard deduction of Rs 40,000 has been re-introduced in lieu of Conveyance allowance of Rs 19,200 and Medical reimbursement of Rs 15,000 totalling to Rs 34,200.
Budget 2018: Opportunity ahead for manufacturing sector
Employment generation and increasing industrial productivity are important focus areas for the present government.
Budget 2018: Towards Indian IFSCs
In January 2017, PM Modi inaugurated India’s first international exchange at the International Financial Services Centre (IFSC) within Gujarat International Finance Tec-City (GIFT) in Gandhinagar.
Budget 2018: Populism with an eye on a new India
Budget 2018 effectively plans to prepare for ‘India of the future’ with focus on Digital India, STEM and other relevant skills.
EOY: EY announces 16 Finalists for the 19th EY Entrepreneur of the Year™ Award Program
An eminent nine-member Jury, led by Dilip Shanghvi, selected the 16 Finalists.
Advisory: Big risks in ICO market
“Fear of Missing Out” (FOMO) drives token valuations without any connection to market fundamentals.
Forensic: Data protection and data privacy challenges on the rise for corporate India: EY
Corporate India’s journey toward digital transformation has introduced new risks, especially around managing data, over the last two years states EY’s Global Forensic Data Analytics Survey 2018.
Budget 2018: Why it is time for some bold measures
Prime Minister Narendra Modi set the scene in his plenary address at the World Economic Forum, in Davos, for the finance minister’s impending Budget on February 1, 2018.
Budget 2018: Rules needed to tax digital economy
Having a global footprint has become a growth necessity for businesses.
Budget 2018: Centre likely to cut GST rate slabs
The GST journey has seen more than its share of ripples.
Budget 2018: What MNCs can expect on tax front
The Indian economy is on an upward trajectory, thanks to the various economic and tax reforms.
Budget 2018: Expectations from personal tax perspective
The country is abuzz with discussions around the upcoming National Budget to be presented by the Finance Minister on 1 Feb 2018.
Budget 2018-19: From tax sops to digitisation push, things to expect from FM
All eyes are on the FM, Mr Arun Jaitley, as this is his last full budget to be presented before the 2019 Lok Sabha elections.
Budget 2018: Why FM Arun Jaitley needs to clarify the cash transactions law in Budget 2018
As we ring in the year 2018, lot of hopes are pinned on the Union Budget 2018 that will be presented on February.
Budget 2018: Corporate tax cut is the need of the hour
Budget 2018 will be the first post-GST budget and also the last full budget of the Modi government before the 2019 general elections.
Budget 2018: GST and its impact on Budget making
The presentation of the annual budget on the 1st of February, first implemented last year, has already had an impact on the expenditure patterns.
Budget 2018: Holding price of stocks may rise
As the current government is all set to present their last full budget before the 2019 General Elections, the common man is again thinking if there will be any relief for him this year.
Budget 2018: The E-Way Bill Conundrum
With introduction of E-way bill, the contentious debate on how this measure can be a serious impediment for goods movement, supply chain efficiencies, harassment and rent seeking has begun.
PE/VC: 2017 records highest PE/VC investments and exits worth US$26.8 billion and US$13 billion respectively: EY
PE/VC investments records the highest aggregate value of US$26.8 billion in 2017, as against US$16.2 billion in 2016.
People & Organization: By 2022, 20%-25% of Indian workforce in the Retail sector would be deployed in jobs that have radically changed skill sets
35%-40% in the Textile and Apparel sector would be deployed in jobs that have radically changed skill sets, by 2022
People & Organization: By 2022, 50%-55% of Indian workforce in the automotive sector would be deployed in jobs that have radically changed skill sets
According to the report, more than 75% of the industry experts believe that the rising middle-class and creation of highly optimized supply chains are the two primary megatrends impacting the sector.
People & Organization: By 2022, 15%-20% of Indian workforce in the BFSI sector would be deployed in new jobs that do not exist today
89% of industry experts believe that launch of smart connected products/services will drive growth in the sector.
People & Organization: EY- Future of Jobs- report
By 2022, 60%-65% of Indian workforce in the IT-BPM sector would be deployed in jobs that have radically changed skill sets.
Tax: Could US tax reform set precedent for Arun Jaitley in 2018 budget?
Economists have traditionally remained divided on whether tax rate cuts necessarily result in increase in investments.
People & Organization: India among others have the largest scope to improve their talent-to-market alignment
Organizations with the closest alignment between their geographical talent footprint and market opportunity tend to be most productive and profitable.
People & Organization: FICCI-NASSCOM & EY- Future of Jobs- report
By 2022, 37% of Indian workforce would be employed in new job roles.
PE/VC: PE/VC monthly exits highest ever in November
November 2017 recorded ten large-deals (value greater than US$100 million), highest ever in any given month, aggregating to US$2.3 billion.
Cybersecurity: Global Conference on Cyber Space 2017
Team of EY professionals wins the Operational Technology Cyber Challenge at Global Conference on Cyber Space 2017.
M&A: Indian M&A deal activity slowdown in 3Q 2017 to US$6.2 billion
According to EY’s recently released Transactions Quarterly Report, M&A activity involving Indian companies saw a relatively soft patch in the third quarter of 2017.
GST: GST: A wind of change again
With prospects of GST witnessing softening of prices across sectors, the GST Council has proposed a reduction in rates for various goods and some services as well.
GST: GST overhaul: Responding to stakeholders respectively
Reforms like GST will encounter issues, and the last four months have seen angst about high rates, chaotic compliance and delayed flow of credits and refunds.
GST: GST changes at Guwahati
In public finance, a common saying is that tax administration is 70 percent tax policy.
GST: GST Reboot
A Degree of Comfort for India Inc., a Call to Help Ease Transition.
Mining and Metals: Mining value creation set to rebound for the first time in five years
The report analyzes the world’s top 50 mining companies by market capitalization and reveals that debt fell by around 15% year-on-year in the first half of 2017.
Hackathon: EY announces winners of the Intelligent Automation Hackathon
The Intelligent Automation hackathon saw over 100 participants including developers, coders, UI/UX experts and CAs who developed IA applications for critical business functions.
PE/VC: PE/VC investments record a new high at US$21.8 billion in 2017 till date, surpassing the record of 2015
PE/VC investments in 2017 (Jan-Oct) record US$21.8 billion across 496 deals, surpassing the previous record of US$19.6 billion across 767 deals in 2015.
Advisory: EY launches new cloud-based platform in India
EY Catalyst’ is a first of its kind platform in India to help businesses improve manufacturing operations.
Automotive & Transportation: 2W fleets and 3Ws will be the first to witness EV adoption
2W fleets and 3Ws will be the first to witness EV adoption followed by intra city buses, corporate cabs and government fleet.
Mining & Metals: Digital effectiveness and shareholder returns are new top risks for metals and mining sector
Digital effectiveness at number 1 position in top 10 business risks ranking globally.
Tax: GST- Will it hit the bull’s eye?
The current political debate in India has got enlivened with some colourful expressions and imagery even roping in Bollywood to remind us of the “blues” of GST.
Hackathon: Intelligent Automation Hackathon
EY India to conduct a first-of-its-kind Intelligent Automation Hackathon to simplify tax and business functions.
Private Equity: Record quarterly PE/VC investments and exits in 3Q2017: EY
PE/VC investments record highest numbers in a quarter at US$8.7 billion in 3Q2017, as against US$3.1 billion in 3Q2016
Lifescience: Digital can help bridge the growth gap for Indian Pharma
EY’s Digital Maturity Index identifies the gaps as pharmaceutical companies navigate their digital journey.
Tax: Is Aadhaar-PAN linking required after the Supreme Court ruling on ‘right to privacy’?
The flagship project of the Government of India to provide a unique identity number - Aadhaar to every individual is the topic much in news.
Tax: The first 100 days
Goods and Services Tax (GST) is set to complete its milestone of 100 days and it’s time to take stock of the experience on the ground.
Consumer Products and Retail: Retailers need data driven approach to drive repeat business as only 5% think their customers are loyal
Despite spending billions each year on loyalty programs and initiatives, retailers are struggling to effectively use their data to differentiate the customer experience and retain sales.
Private Equity: PE/VC investments and exits at a record high in August 2017
PE/VC investments in August 2017 record US$5.4 billion across 45 deals, highest monthly value of investments ever.
Tax: Income Tax: Gratuity for employees raised to Rs 20 lakh; here is how you will benefit
India’s ambitious bullet train or High Speed Rail (HSR) project will now take-off after laying the foundation stone for the 508 km long Mumbai-Ahmedabad High Speed Rail (MAHSR) project.
Tax: Bullet train project
India’s ambitious bullet train or High Speed Rail (HSR) project will now take-off after laying the foundation stone for the 508 km long Mumbai-Ahmedabad High Speed Rail (MAHSR) project.
Tax: India's strategic energy policy framework
A number of proposals in the draft policy have the potential of transforming the energy markets in India.
M&E: The Indian Events and Activations industry expected cross INR 10000 Cr by 2020-21
Events and Activations industry is headed to usd1bn by next year.
TAS: EY-Assocham report
This report highlights the comparative advantages of several States, their potential strengths and the Government’s policy initiatives gauged through the Ease of doing business (EoDB) environment.
GST: How GST will impact a common-man’s budget?
GST is one of the biggest tax reforms in India of all time, which would not only impact the businesses but also impact the common man.
TAS: PE/VC investments record US$11.2 billion in 1H2017
Record half yearly PE/VC performance of US$11.2 billion investments and US$4.8 billion exits in 1H2017: EY
Hackathon: EY India launches the first edition of EY Hackathon focused on Blockchain technology
EY Hackathon is an initiative to engage India’s growing technology talent and developer community to address critical growth and continuity issues faced by businesses.
GST: Wind of change - some grey clouds linger
On July 1, at the stroke of the midnight hour, India woke to see its new tryst with destiny - Goods & Services Tax (GST).
India is one of the highest rated destinations for investments now: Mark Weinberger, Global Chairman, EY
India is one of the top investment destinations in the world right now thanks to a stable economy and low inflation besides reforms like the goods and services tax (GST) and new insolvency rules, said EY chairman Mark Weinberger.
TAS: M&E sector expected to touch USD 34.8b by 2021: EY Report
The Indian Media and Entertainment industry is expected to touch USD 34.8 billion, witnessing a CAGR of 11.8% over 2016-21.
Tax: Filing Income Tax Return - note the new requirements
This report lists few of the new requirements relevant for income-tax return this year.
Tax: India-Mauritius treaty trails behind the BEPS movement
A lot of changes are taking place across the globe to implement OECD’s Multilateral Instrument (MLI) with full force.
IPO: India’s appetite for IPOs continues to grow in H1 2017
H1 2017 anticipates a robust pick-up in IPO activity across EMEIA, led by India and the Nordic Markets according to EY Global IPO trends: Q2 2017.
FTA: Free TV to touch 46 million households by 2020: EY report
Through this paper, we aim to evaluate the emerging trends in the FTA space and opportunities that Free TV provides to marketers.
GST: GST – Compliance blues will melt away
The GST is likely to have a salutary effect on the economy and also nudge the non-compliant towards compliant tax behaviour.
GST: GST- Simple, yet complex tax regime seeks to integrate business transactions
This article highlights the concerns on GST which undoubtedly is India's most transformative tax reform since Independence.
GST: Govt, industry should team up to minimize disruption due to GST implementation
After years of successive governments wanting to implement this transformative tax reform, the goods and services tax (GST) will be a reality on 1 July.
Forensic: Corporate India sees a tussle between growth and ethical conduct: EY survey
58% of Indian respondents are still willing to work for organizations involved in major bribery or fraud cases
GST: GST is a transformational business process reform, are you geared up?
If you see the value chain from raw material to retail, today, it’s fractured for the purpose of taxation.
TAS: May 2017 posts a record high of US$3.1 billion in PE/VC investments: EY Third consecutive month of more than US$2 billion in investments
PE/VC investments recorded the highest monthly investments in last 10 years at US$3.1 billion in May 2017.
TAS: Average cost of equity for the telecom sector reduces to ~14%; a decline of ~1.8% from 2014: EY Report
Cost of equity for telecom decreases from 15.8% in the previous survey in 2014; in line with a decline in interest rates.
TAS: PE/VC investments cross US$2 billion for the second consecutive month, exits record a 270% increase in value in April 2017: EY
PE/VC exits record US$1 billion across 31 deals, crossing the US$1 billion mark for the second time in the past one year.
TAS: Indian M&A deals worth US$ 15.8 billion across 252 deals recorded in 1Q17: EY Report
Diversified industrial products leads deal volume, telecommunications sectors leads deal value.
Forensic: India Inc. lags in adequate cyber incident response strategies EY India
Corporate India have encountered rising cases of cybercrime but incident response mechanisms to tackle these risks remains low.
Indian CIOs capitalise on disruptive and futuristic technologies as they move beyond SMAC, says EY-CIO Klub survey
Indian CIOs have shown the willingness to invest in new technologies as well as in the discovery of disruptive technologies as they move beyond SMAC.
Equity: Canadian Pension Funds drive PE/VC deal activity in 1Q17: EY
March 2017 reported deals worth US$2.6b across 60 deals, an increase of 52% in value and 31% in volume over March 2016.
Equity: Average cost of equity stagnant despite decline in interest rates: EY Report
Our report talks about the stagnancy in cost of equity despite falling interest rates indicating an increase in the risk in the economy.
GST: GST – the final lap
With the stage set for early GST implementation, find out the critical areas of focus that need to be monitored during the transition process.
Tax: Income tax: As new fiscal starts, here’s what you should be aware of about cash transactions
As the new financial year begins, learn what an individual needs to be aware of, with regard to cash transactions, through this report.
Forensic: Career progression takes precedence over ethical behaviour in corporate India: EY report
EY report finds that while only 1 in 5 people globally justified unethical behavior to achieve career progression, that number among Indians stands at 41%.
IPO: India leads as one of the most active regional markets for IPOs in Q1 2017
With 26 IPOs in the first quarter, India saw a promising start to IPO activity in the first quarter despite global political uncertainty.
What will cost more and what will be cheaper for you due to GST?
While GST is expected to increase the GDP by 2%, this momentous legislation might turn out to be a mixed bag for the commoner.
EY to launch its first Artificial Intelligence Center in India
EY announces plans to enhance its suite of automation and artificial intelligence offerings with the opening of its first Artificial Intelligence (AI) Center in India.
Up to INR4 trillion excess working capital on corporate India’s balance sheet: EY Report
Cash to cash (C2C) cycle deteriorated by 5% from last year with a difference of 44 days between the top and bottom working capital performers.
Two new metros, 8 half-metros to emerge due to evolving consumption patterns: EY report
India’s rapid economic growth is being driven by its urban clusters. Read how markets beyond India’s metros have transformed into consumption hubs
M&A activity scales six-year high in 2016
A resilient domestic economy and stable capital markets delivered robust M&A activity through 2016, with record high deal value since 2010, says an EY analysis.
India’s auto finance market poised to double its current market size by FY20: EY Report
India's auto finance market size with a 74% finance penetration is expected to double by FY20, and is expected to grow at a CAGR of 13% during FY16-FY26, an EY report says.
Vivek Chaand Sehgal is the EY Entrepreneur Of The Year India 2016
Vivek Chaand Sehgal of the Motherson Sumi Systems Limited (MSSL), the flagship company of Samvardhana Motherson Group (SMG), was today named the EY Entrepreneur Of The Year 2016.
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.
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.
Forensic: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.
Forensic: 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).
Forensic: 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?’.
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.
Forensic: 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.
Forensic: 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.
Forensic: EY Forensic & Integrity Services’ forensic outlook for 2016
Our Forensic 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.
Forensic: 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.
Forensic: 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.
Forensic: Bribery and corruption continue their rampage
The EY EMEIA Fraud Survey 2015 reveals that corporate India has found ways to justify bribery and corruption.
Forensic: 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.
Forensic: 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.
Forensic: 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.
Forensic: 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.
Forensic: 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 Forensic & Integrity Services.
Forensic: 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.
Forensic: 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.
Forensic: 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.
Forensic: Cyber Forensics and eDiscovery Centre launched in Hyderabad
EY’s Forensic & Integrity Services team inaugurated India's first advanced lab, Cyber Forensics & eDiscovery Centre in Hyderabad.
Forensic: Corporate India still struggling to combat fraud, bribery and corruption risks
71% of Indian respondents consider fraud, bribery and corruption as significant concerns.
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.
Forensic: 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.
Forensic: 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.
Forensic: EY-FICCI report on bribery and corruption
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!
Forensic: 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