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'.
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.
FMCG major Emami Ltd on Thursday said acquisitions in the personal and healthcare sector in the domestic market is on the company's radar.
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.
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.
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.
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.
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.
Gujarat, Maharashtra and Andhra Pradesh have been more proactive in providing the ideal environment for the growth of small business.
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
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.
The study has been conducted by Ernst & Young on behalf of EEPC-India, the apex body of engineering goods exporters.
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.
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.
'The main thing Cyrus left is to tell us that you can be a business leader by being good.' 'He practiced that in all of his dealings, in all of his decisions -- in the way he thought, the way he behaved and indeed as he spoke.'
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.
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.
Gujarat, Maharashtra and Andhra Pradesh have been more proactive in providing the ideal environment for the growth of small business.
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).
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.
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.
Disclosing this to the court on July 6, the counsel for Cadbury said that if the company consented to the valuation of Rs 1,743 per share, it would be treated as 'deemed dividend' payable to shareholders.
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 Clinical Research sector is emerging as an attractive option for science graduates, doctors, management/ IT professionals, alike.
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.
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.
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.
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
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.
An interview with BMR partners and media specialists Nitin Atroley and Vivek Gupta
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.
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.
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 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.
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.
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