FMCG major Emami Ltd on Thursday said acquisitions in the personal and healthcare sector in the domestic market is on the company's radar.
The government's decision to relax compliance with accounting norm (AS 11) relating to foreign exchange losses and gains could create deferred tax liability for companies opting for revised regulations
According to a report by Ernst & Young, 45 PE-backed companies raised $17.2 billion in proceeds, highest quarterly total since the second quarter of 2007.
Puneet Gupta, a consultant (Tax and Regulatory Services) with Ernst & Young, took just 24 days of leave for dedicated exam study.
The decision to seek tie-up details from CA firms, especially those associated with the Big 4 -- PWC, Ernst & Young, KPMG and Deloitte -- follows a report by an Institute of Chartered Accountants of India committee on the multi-crore Satyam scam.
The Lifetime Achievement Award was presented to PRS Oberoi, chairman and chief executive of the Oberoi group. The 10th edition of the E&Y awards in India was decided by a six-member jury headed by KV Kamath, managing director and chief executive of ICICI Bank.
Indian companies, many of which have been acquiring overseas entities, suffer from taxation planning as part of the deals, said accountancy and consultancy firm Ernst & Young
Organisations may be less worried about survival over the next 12 months, but the return to a healthy operating environment is still some way off.
Prithvi Raj Singh Oberoi, the 94-year-old veteran corporate hotelier who redefined India's hospitality industry, passed away on Tuesday. The Chairman Emeritus of The Oberoi Group, popularly known as 'Biki', built a sprawling chain comprising 32 hotels during his lifetime. EIH owns the eponymous Oberoi and Trident hotel chains.
Bobby Bedi who is currently producing a three-film series on the epic Mahabharat, at an estimated $70 billion budget, has complained to the United States Congress that enforcement authorities have been lax in dealing with peddlers of counterfeit Indian movies.
Kerala State Industrial Development Corporation, which is the designated agency for the formation of the bank, will have 11 per cent stake in the proposed banking company.
Gujarat, Maharashtra and Andhra Pradesh have been more proactive in providing the ideal environment for the growth of small business.
Describing its choice as a "vote for the future", a distinguished four-member jury selected State Bank of India (SBI) Chairman Om Prakash Bhatt as Business Standard's Banker of the Year for 2006-07.
Despite recession, India emerged as the second largest investor in the United Kingdom in 2008, after the United States, according to a new study that sees Mumbai and Bangalore as the next top centres of global investment.
The jury members included Ashish Dhawan, senior managing director, ChrysCapital, Keki Dadiseth, managing director, Omnicom, Kiran Mazumdar Shaw, chairman and managing director, Biocon, Kumar Mangalam Birla, chairman and managing director, Aditya Birla Group and S Ramadorai, chief executive, TCS.
He went on to explain that it is standard practice for developers to have development agreements under which the land-owner cannot sell his land to any other entity or individual.
Riding on its high quality of life, transporatation infrastructure and overall labour force contributing to its economic growth, Delhi has emerged on top among 48 Indian cities, including Mumbai, as the best place to reside. Send us your views.
The chocolate may turn a tad bitter for Cadbury India. In a clear victory for the chocolate maker's minority shareholders, Ernst & Young (E&Y)--the Bombay High Court-appointed valuer--has recommended a 30 per cent premium to the company's valuation than what was prescribed by two independent valuers, Bansi S Mehta and SSPA.
PwC is the auditor of Satyam Computer Services whose founder Ramalinga raju earlier this month admitted to financial irregularities of about Rs 7,800 crore (Rs 78-billion). The newly-inducted board of the company later hired two foreign audit firms -- KPMG and Deloitte Touche Tohmatsu -- to restate the accounts books.
The study has been conducted by Ernst & Young on behalf of EEPC-India, the apex body of engineering goods exporters.
During the course of the meeting last month, Satyam's then chief financial officer Vadlamani Srinivas informed the board that the valuation of Maytas Properties was done by Ernst & Young, but the global accounting firm disputed the claim. According to the minutes, members noted the imperative of infrastructure foray, particularly based on leveraging on the brand of Satyam to become an eminent player in infrastructure as well.
Rana Kapoor, founder, managing director and chief executive officer of Yes Bank talks about his success mantras, lessons he has learnt in his career and gives tips to succeed to young entrepreneurs.
Ernst & Young on how the Budget 2010 will affect individuals and businesses.
An interview with BMR partners and media specialists Nitin Atroley and Vivek Gupta
Top financial professionals of India Inc are keen on converging to global accounting norms and want the present ones to be aligned with either the International Financial Reporting Standards or the US GAAP.
A six-member jury headed by former Securities and Exchange Board of India chairman M Damodaran will declare the winner of the award for 2009 on February 16 in Mumbai.
Airlines have been conducting fuel efficiency analysis, which involves fuel calculations on a daily basis, based on the availability of optimum routes in terms of wind, flight levels and overflying charges, route rationalisation to prune the number of flights and increase utilisation. They also want the Centre to grant ATF a declared goods status, which would result in a uniform levy of 4 per cent sales tax at the state level.
The Clinical Research sector is emerging as an attractive option for science graduates, doctors, management/ IT professionals, alike.
Auditing firms in the country could soon run out of business if they do not get themselves verified according to the guidelines mentioned in the Eighth Directive issued by the European Union (EU). EU will recognise balance-sheets of companies audited by firms that fit their specified standards.
Of the respondents, 61 per cent avoided investing in companies which lack a risk programme, while 48 per cent actually de-invested from firms where risk management was insufficient.
India's burgeoning entertainment industry loses as much as $ 4 billion and 800,000 direct jobs each year due to counterfeiting and piracy, a latest study says. The study -- The effects of counterfeiting & piracy on India's entertainment industry -- was prepared by Ernst & Young India. It was commissioned as part of the USIBC-FICCI Bollywood-Hollywood Initiative, which promotes the sustainable growth & convergence underway between the entertainment industries of the US & India
Anil Ambani-promoted Reliance Power (R-Power) has roped in international consultancy firm Ernst & Young (E&Y) to upgrade its Sasan ultra-mega power project (UMPP) in Madhya Pradesh to conform to the norms for receiving carbon credits.
Ernst & Young India on Tuesday said that despite the steep fall in headline inflation in August, the Reserve Bank is likely to persist with monetary tightening measures by hiking key policy rates by at least 25 basis points at its mid-quarter review on Thursday.
According to global consultant Ernst & Young (E&Y), the total sales of passenger vehicles are expected to touch 37.5 lakh (3.75 million) units within next five years witnessing an annual growth of 12 per cent.
Gujarat, Maharashtra and Andhra Pradesh have been more proactive in providing the ideal environment for the growth of small business.
Even as India Inc talks of increasing corporate governance norms after the Satyam scam, a study by global consultancy firm Ernst & Young has said that more than half of the companies surveyed do not take into account risk of frauds in their annual audit plans.
The Bombay High Court would examine the Ernst & Young report on the erstwhile Sahara Airlines buyout by Jet Airways to decide the onus on payment of tax liability amounting to Rs 107 crore (Rs 1.07 billion).
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