India Inc may offer an average salary hike of 9.6 per cent in 2024, similar to the actual increase last year, according to a report released by global professional services provider Ernst & Young (EY). The 'Future of Pay 2024' report states that the highest salary hikes are expected in e-commerce (10.9 per cent), financial services (10.1 per cent), and 10 per cent each in professional services and real estate. The expected hike will be lower than the 10.4 per cent seen in 2022. In 2023, the highest salary hikes were seen in e-commerce (10.5 per cent), and 10.4 per cent both in auto/vehicle manufacturing and financial services.
India will beat China, North America and Europe to become the fastest growing automobile market.
Among the sectors seen as most vulnerable to corruption are the government and the public sector, infrastructure, real estate, metals, mining, aerospace, defence, power and utilities.
There have been almost no year-on-year changes in market share within the Big Four.
India is the fourth destination for foreign direct investment just below the United States, China and Britain.
Yes, provided the financial health of banks is not impaired; but there is a great risk of companies misusing rescue funds.
The mobile payments market has gained traction in recent years, because of factors such as higher penetration of handsets in comparison to coverage of population with banking services and benign regulatory environments.
Bolstered by industrialisation, India is projected to grow at a faster clip than neighbouring China with a 9 per cent economic expansion in 2013, says a report by global consultancy firm Ernst & Young.
The big four global accountancy firms -- PricewaterhouseCoopers, KPMG, Ernst & Young and Deloitte -- are circumventing laws to provide auditing services in the country, says a report of an Institute of Chartered Accountants of India's committee.
Interview with Global Chairman & CEO, Ernst & Young
The recently-concluded lateral placement process at IIM-B saw the emergence of management consultants as the preferred choice for more than 55 per cent offers.
Eight others, including Bajaj Auto Managing Director Rajiv Bajaj and Tractor & Farm Equipment Chairman Mallika Srinivasan, received awards across categories at an award ceremony attended by over 350 people in New Delhi on Monday.
The economic growth rate remained below 5 per cent for the second year in a row recording 4.7 per cent in 2013-14.
E&Y has given the report to the Gurgaon police.
Top officials of stock exchanges NYSE, Euronext, SIX Swiss Exchange were in Mumbai today to encourage companies to list with them.
Despite regulatory hurdles, India continues to be among the preferred destinations for FDI due to the country's high economic growth, with both Mumbai and Delhi being touted as among the cities likely to produce the next Microsoft or Google, a survey said.
About $400 billion of investment may be required in the Indian power sector in the next five years to provide improved grid infrastructure.
The Islamic banking growth story continues to be positive, growing 50 per cent faster than the overall banking sector.
A forensic audit has found possible 'irregularities and mismanagement' in advances and investments made by Mangalore Chemicals and Fertilizers to his other group companies.
Protiviti Inc, one of the world's largest independent business and risk consulting firms, specialises in internal audit, estimated to be a Rs 1,35,000-crore (Rs 1.35 trillion) business globally.
Insiders enable 61% of frauds financial services hit the worst.
Frozen credit markets and a rapidly deteriorating global economy are driving an increasing number of distressed asset sales and historic deals, the survey titled 'Divesting in turbulent times: Achieving value in a buyer's market' stated. The survey found out that globally more than half of respondents (53 per cent) confirm they are more likely to consider divestments due to current economic events.
A senior bank official said the preliminary report would come in three months.
The number of jobs created by Brazil, China, Russia, India, China investors in Europe increased by 8 per cent in 2011, with India and China together accounting as the largest players for 95 per cent of job creation and 82 per cent of projects in the continent, Ernst & Young's 10th annual European Attractiveness Survey released on Wednesday says.
An interview with Dilip R Vellodi, chairman and chief executive officer, Sutherland Global Services.
People tend to think that online means access to information on the fly. But that does not mean that any individual can access the data, says Sunil Chandiramani.
An Ernst & Young study to measure confidence in the global economy said over half of the Indian companies surveyed were optimistic about making acquisitions in the next 12 months due to the improving business climate.
Describing the annual monetary policy announced by RBI Governor D Subbarao as a progressive one, Ernst & Young India's Ashvin Parekh said, "We have almost reached a point where inflation has become unmanageable and RBI has clearly indicated that bringing down inflation to a comfortable level is its top priority."
Senior executives and auditing firm Ernst & Young have been criticised, among many others, for the failure of Lehman Brothers, by an official report that delved deep into the collapse of once-famed Wall Street major.
From books that will inspire you to dreaming beyond the obvious, read on for life lessons from these successful IIM alumni.
According to the survey of senior executives at nearly 900 major companies worldwide, the business environment is quite different compared to a year ago, but most part of the corporate world is still 'nervous about recovery'.
An eight-member jury, chaired by M Damodaran, the former chairman of Sebi, IDBI and UTI, nominated the finalists who will be felicitated on February 7.
The conclusions are based on the working capital performance of 400 leading companies in India.
Riding over lower manufacturing cost coupled with availability of quality manpower with technical capabilities, the Indian pharmaceutical outsourcing industry is expected to reach $2.3 billion by the end of 2010, according to a report.
Merger and acquisition (M&A) deals in the global technology sector amounted to USD 56.4 billion in the July-September quarter of 2011, an increase of 22 per cent vis-a-vis the year-ago period, according to a report by Ernst & Young.
In an email interview, the Mumbai-based Devdutt Pattanaik spoke to redidff.com about his latest book on the Mahabharata and about what lessons the epic holds for today's times
Moreover, many feel that distorting the company's financial performance is 'justifiable' in the current economic turmoil. The latest European Fraud Survey by global consultancy firm Ernst & Young revealed that 'unethical business behaviour' is gaining more acceptability.
No, the savings as a result of preferential taxation are marginal but a concession would acknowledge the significant contribution of women to economic growth
If the Direct Taxes Code Bill does not undergo further changes, employees in the lower tax bracket will get more retirement benefits, provided they opt for a higher basic salary.
Ahmedabad has been rated as the most favourable destination for small businesses in India followed by Bangalore and Mumbai, according to a joint report by consultancy firm Ernst & Young (E&Y) and retail solutions provider, Franchise India.
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