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'Ernst' - 79 News Result(s)

  • Fresh Trouble For Mallya Over MCFL Investments In UB Group Firms

    Fresh Trouble For Mallya Over MCFL Investments In UB Group Firms

    In fresh troubles for embattled businessman Vijay Mallya, a forensic audit has found possible 'irregularities and mismanagement' in advances and investments made by Mangalore Chemicals and Fertilizers to his other group companies.

  • India Named Top Investment Destination in Business Poll

    India Named Top Investment Destination in Business Poll

    India has been named the most attractive country for investment in a survey of more than 500 global investors published by accounting firm EY (Ernst & Young) on Wednesday.

  • Nokia Withdraws Plea To Sell Chennai Unit

    Nokia Withdraws Plea To Sell Chennai Unit

    At the same time, Nokia and tax department told the court that a report has been received from Ernst and Young India Pvt Ltd (EY) on valuation of the company's assets.

  • Indian Employees Feel Firms Inflate Financials: EY Survey

    Indian Employees Feel Firms Inflate Financials: EY Survey

    A large number of employees in India believe that companies in their market often exaggerate financials and indulge in corrupt practices to achieve higher growth, according to the findings of a survey by global accountancy firm EY.

  • Changes to Related Party Transaction Norms Significant: KPMG

    Changes to Related Party Transaction Norms Significant: KPMG

    With the changes effected by the Corporate Affairs Ministry, only certain class of related party transactions whose value is over Rs 100 crore would require shareholders' prior approval by way of a special resolution.

  • Number of Ultra-Rich to Triple in 3 Years: Report

    Number of Ultra-Rich to Triple in 3 Years: Report

    As for the underlying wealth held by this uber rich grouping, which also includes professionals having an annual income of over Rs 3 crore, grew 21 per cent to Rs 104 lakh crore, and will grow four times to Rs 408 lakh crore in the next three years, says a wealth report by the Kotak group and Ernst & Young.

  • India Sees $4.9 Billion Private Equity, Venture Capital Funding in January-June: Report

    India Sees $4.9 Billion Private Equity, Venture Capital Funding in January-June: Report

    India witnessed investments worth $4.93 billion by private equity and venture capital players in the first half of this year while investor sentiment has improved following general election results, says a report.

  • Bain Sues EY over $60 Million Loss in Lilliput Kidswear

    Bain Sues EY over $60 Million Loss in Lilliput Kidswear

    Bain alleges that it invested around $60 million in Lilliput in May 2010 for a non-controlling 30.99 per cent stake, based on false financial statements that EY, previously known as Ernst & Young, had audited and certified, according to a copy of the lawsuit seen by Reuters.

  • India's Economy to Grow By 6.2 Per Cent in 2014-15: E&Y

    India's Economy to Grow By 6.2 Per Cent in 2014-15: E&Y

    Indias economic growth rate will improve to 6.2 per cent in current fiscal year and can go up to 8 per cent in the next three years on back of favourable domestic and global environment, tax consultancy firm Ernst & Young (E&Y) said.

  • India Inc Likely to Spend Rs 22,000 Crore on CSR: E&Y

    India Inc Likely to Spend Rs 22,000 Crore on CSR: E&Y

    India Inc will be investing around Rs 22,000 crore towards corporate social responsibility (CSR) activities once the provisions of the recently amended Companies Act making it mandatory for such allocations get implemented, according to consultancy firm Ernst & Young.

  • Rs 5.3 lakh-crore excess cash tied up in Indian firms' working capital: EY

    Rs 5.3 lakh-crore excess cash tied up in Indian firms' working capital: EY

    About Rs 5.3 lakh crore of excess cash remains idly tied up in working capital processes of leading Indian companies, although there has been a marginal improvement in the performance last year, according to a report by tax and advisory services provider EY.

  • Islamic banks, stuffed with cash, explore partnerships in West

    Islamic banks, stuffed with cash, explore partnerships in West

    Over the past 30 years, the Islamic financial sector has grown from virtually nothing to more than $1.6 trillion in assets, according to data from the Global Islamic Financial Review, an industry publication. The financial crisis has only encouraged the growth. Industry assets grew 19 percent in 2011 and 20 percent in 2012, in contrast to the less ...

  • Companies Act, rise in frauds to change India Inc approach: report

    Companies Act, rise in frauds to change India Inc approach: report

    The Companies Act 2013 and a rise in cyber-crime and technology frauds will change the way Indian companies operate in the domestic environment, according to a report by global management consultancy EY.

  • India needs stable tax environment to attract investments: report

    India needs stable tax environment to attract investments: report

    Amid rising concerns on the protection of tax base by countries across the world, it has been suggested in a white paper that the Indian government provide a stable tax environment and simplify procedures in sync with global practices.

  • India most attractive investment destination: EY

    India most attractive investment destination: EY

    With relaxation in foreign direct investment (FDI) norms to boost investor sentiments, India has emerged as the most attractive investment destination surpassing China and the US, according to a report by leading consultancy firm Ernst & Young (EY).

  • More executives confident about M&A deals, global economy: survey

    More executives confident about M&A deals, global economy: survey

    In its half-yearly report into the M&A sector, consulting firm Ernst & Young said it expects both the volume and size of deals to improve over the coming year, with 35 per cent of companies surveyed likely to pursue acquisitions compared with just 25 per cent a year ago. The more favorable backdrop is attributed to growing optimism among executives...

  • Innovations in payment systems to drive financial inclusion: Ernst & Young

    Innovations in payment systems to drive financial inclusion: Ernst & Young

    Innovations in payment systems hold key to accelerating implementation of financial inclusion agenda, with payments worth over Rs 8,74,300 crore expected to be made through pre-paid instruments in the coming years, says an Ernst & Young report.

  • Companies law draft rules provide clarity on auditor rotation: experts

    Companies law draft rules provide clarity on auditor rotation: experts

    The draft rules released by the government for the new companies legislation provide clarifications on rotation of auditors but ambiguity persists on eligibility and appointment of internal auditors, according to experts.

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