Lanco Industries Ltd approved the merger of the company with Lanco Kalahasthi Castings Ltd. Ernst & Young Private Ltd has been commissioned to recommend the swap ratio.
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.
Indian industries spend little on research and development despite benefiting from 150 per cent income tax exemption given on such activities.
Rescinding its more than 13-year-old policy, the US Citizenship and Immigration Services has said that the burden of proof in establishing eligibility is, at all times, on the petitioner.
He was a great Commander-in-Chief, but he was also a great dad and a great husband and these photos will surely give you some #familygoals.
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
Riding on robust Asian market recovery, twenty Indian companies raised a whopping $1.2 billion through initial share sale offers in the first three months of 2010, a period when global IPOs were worth over $53 billion, says a report.
India Inc may give salary hikes in the range of 9-12 per cent in the coming financial year to retain talent amid revival in the job market, according to consultancy Ernst and Young said.
The Clinical Research sector is emerging as an attractive option for science graduates, doctors, management/ IT professionals, alike.
While pay-per-second tariff plans seem attractive, there's a lot you need to know before switching over.
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.
Considered to be the worst ever civil unrest in the US in decades, the violent protests have engulfed at least 140 cities across America in the days following the death of Floyd, a 46-year-old man who was pinned to the ground in Minneapolis on Monday by a white police officer who kneeled on his neck as he gasped for breath.
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.
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.
With America just a day away from electing a new president -- Donald Trump or Hillary Clinton -- nine polls show that Clinton is in charge of the race with just hours to go.
Despite being the fourth largest economy, India's per capita emission levels are 70 per cent below world average and 93 per cent lower than those in the United States, says a latest report on climate change.
Sheela Murthy, founder, president, and managing attorney of the Murthy Law Firm, has won the Philanthropist of the Year award from the United Way of Central Maryland for her $1 million gift to United Way, a large portion of the sum being marked to go to India.
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.
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.
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.
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.
"we're talking about Kashmir and the relation to what's going on with Pakistan and India. And if we can help, we certainly will be helping," the President said.
- Spain forward David Villa will miss the Euro 2008 final against Germany through injury, coach Luis Aragones told reporters after they beat Russia on Thursday.
White House reporters were evacuated from the media briefing room in the middle of press conference by the presidential spokesperson Josh Earnest, after law enforcement agencies received a bomb threat call.
The deadly virus, which has killed over 5,000 people globally, has spread to 46 of the 50 US states.
A survey has revealed that Indian cos are stressing more on information security in order to conform to global standards.
In the survey, 56 per cent of the companies said they would divest non-core assets so that they could focus more on their core businesses. Around 23 per cent of the respondents said they wanted to sell the non-core businesses as they needed the money to pay debts, or bolster their balance sheet. The challenge for the companies, however, remains to make their non-core assets attractive for sale.
An interview with BMR partners and media specialists Nitin Atroley and Vivek Gupta
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.
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.
Though it is smaller than the $11 billion BPO exports market, it is expected to reach $6 billion by 2012, according to a new Ernst and Young study. The domestic BPO market, hence, presents a huge untapped growth opportunity. Its addressable market opportunity is in the range of $16-19 billion by 2012, with significant business growth coming in from sectors like BFSI (banking, financial services and insurance), telecom, media, retail and government.
Born to Zerin Rao anchooling fd Jehangir Narioshang Rao, both Parsi physicians from India, Rao grew up in Michigan and did her srom Detroit High School. She is married to Alan Lefkowitz and the couple has two children.
In the latest research note titled 'For Richer, For Poorer Global Patterns of Wealth', Ernst & Young said emerging economies have seen their share of global output and wealth rise significantly over the last few years, driven by faster growth, rising income, high savings ratios, strong investment and export. In the next decade, the BRIC countries are likely to contribute 40 per cent of global growth, while the US would account for around 14 per cent.
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.
"With the ongoing economic downturn and the resultant crash in oil prices, the valuation of oil and gas companies has decreased and this offers Indian companies the opportunity to buy global assets at more reasonable prices than earlier," said Dilip Khanna, partner, Ernst & Young's Oil and Gas Practice. Crude oil prices, after hitting $147 a barrel in July, have dropped to around $55 because major oil-consuming nations have slipped into economic recession.
The arguments were made by the government before the CLB, which is considering a petition by the government for removal of the board of Maytas Properties. The CLB is likely to pass the order later. The government also alleged that the valuation of Maytas Properties by the consultancy firm was done in a day.
Maytas Properties, which has a turnover of a mere Rs 22 crore (Rs 220 million) and does not own any land, was valued at Rs 6,523 crore (Rs 65.23 billion) by audit firm Ernst &Young and the valuation was done in a day, the counsel said.
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.
Exercise at least 45 minutes every day -- brisk walking, running, cycling or any other form of physical activity is beneficial, says Dr Naresh Trehan.
'Whether it was a habitual expression of post truth or an open offer to India and Pakistan, even Imran Khan could not have believed it,' says Ambassador T P Sreenivasan.
