Page 2 - Ernst & Young

Bhavish Aggarwal's Ola Electric engages EY for urgent service overhaul

The global consulting firm, EY, is expected to assist the electric two-wheeler maker in various service-related areas with a focus on streamlining business processes and optimising inventory

EY employee death: Kerala CM Vijayan highlights need to follow labour laws

Kerala Chief Minister Pinarayi Vijayan on Monday stressed on the need to ensure that labour laws are strictly adhered to in all sectors of the country. Employees are subjected to restless work, threats of dismissal and denial of labour rights in some sectors including the IT sector in the country, he told the state Assembly. The Chief Minister was replying to a Calling Attention motion moved in the House regarding the recent death of Anna Sebastian, a 26-year-old chartered accountant who allegedly died due to work-related stress four months after joining Ernst & Young (EY) in Pune. It is necessary to ensure that labour laws are strictly followed in all sectors of the country. Vijayan stated that the lease agreement signed with the companies operating in the IT parks in the state stipulates that all labour laws in the state must be followed. "If these conditions are not complied with, employees can seek action according to the existing legal provisions," he pointed out. Although .

EY employee's death prompts Big Four to relook work culture norms

The recent death of EY employee Anna Sebastian Perayil, which led to a widespread discussion about work-life balance, prompts major firms to reform their work cultures amid allegations of exploitation

EY India employee death: Probe finds firm lacking labour welfare permit

The law caps the maximum working hours for adults at nine hours each day and 48 hours each week

Left, Congress in Kerala attack Sitharaman over remark on EY employee death

The ruling CPI(M) and the opposition Congress in Kerala on Monday lashed out at Union Finance Minister Nirmala Sitharaman over her statement on the recent death of a young CA professional employed with audit major EY, and demanded her apology. Anna Sebastian Perayil, who cracked the tough Chartered Accountant exam in 2023 and worked at Ernst and Young, Pune office for four months, died in July. According to a letter her mother wrote to the EY India Chairman, Perayil was overworked with a "backbreaking" load as a new employee that affected her "physically, emotionally, and mentally". In an event held at Chennai on Saturday, Sitharaman had in an apparent reference to the incident, said families should teach the children to handle pressure through divinity. "What should families teach--whatever you study and the job you do, you should have the inner strength to handle that pressure and this can be achieved through divinity only. "Believe in God, we need to have God's grace. Seek God,

Rahul assures EY employee's parents to fight for better working conditions

Leader of Opposition in the Lok Sabha Rahul Gandhi on Saturday spoke with the parents of Anna Sebastian Perayil, who died due to alleged extreme work pressure at Ernst & Young, and assured them that he will fight for the cause of improving working conditions for the millions of professionals in India. Gandhi spoke with the parents of Anna Sebastian via a video call arranged by the Chairman of All India Professionals' Congress (AIPC) Praveen Chakravarty who visited their home in Kochi. He offered his sympathies at Anna's sudden and tragic demise and lauded the family's courage and selflessness to speak up at this extremely difficult moment about this issue in the larger interest of improving working conditions for the millions of professionals in India, a statement issued by the AIPC said. Gandhi assured them that he will fight for this cause in his capacity as the Leader of the Opposition, it said. Gandhi also instructed the AIPC Chairman to create an awareness movement in Anna's .

'Will never happen again': EY India Chairman on missing CA's funeral

'Completely alien to our culture', says Rajiv Memani after letter written by grieving mother of deceased employee creates controversy

Centre asks EY India to explain its position on CA employee's death

Anna Sebastian Perayil died in July: Mother blames 'backbreaking work' at company

Not condolences, real change needed: Harsh Goenka on EY employee death

Real change, and not condolences, is what is needed and India Inc must take steps, including setting clear work-life 'boundaries' and holding leaders responsible for toxic work environments, to foster a healthier workplace culture, RPG Enterprises Chairman Harsh Goenka said on Thursday. Reacting to the death of a 26-year-old chartered accountant, who worked with Ernst & Young, allegedly due to extreme work pressure at the firm, Goenka listed six actions, in a post on X, for India Inc to take urgently "following Anna Sebastian Perayil's of EYs tragic death to foster a healthier workplace culture". He called for implementation of mental health programmes, manageable workloads, and wellness initiatives to prioritise well-being, while also recommending support to new hires by offering mentorship to help employees adjust to new roles and environments. Asking corporates to tackle burnout, Goenka called them to "end the glorification of overwork; reward efficiency, not long ...

EY employee death: Govt launches probe into allegations of toxic workspace

26-year old EY employee Anna's death has sparked a conversation about the reality of Indian coperate offices.

EY employee death: TMC MP to raise 'toxic work culture' issue in Parliament

Highlighting the condition of employees in private firms across India, TMC MP Saket Gokhale has called for an urgent investigation into the working conditions at EY

EY employee's death highlights job stress: 1 in 3 Asians face burnout

The tragic death of an EY employee has sparked social media discussions about the importance of work-life balance and burnout, which, according to a McKinsey report, is a greater concern for Asians

'Irreparable loss for all of us,' says EY India on death of 26-year-old CA

In a letter to EY India Chairman Anna Sebastian Perayil's mother said her daughter passed away due to excessive workload

Indian firms should scale AI beyond PoCs, prioritise data standardisation

The report also stated that though the Indian AI market was at a nascent stage, it was expected to mirror the global AI market growth rate of 25-35 per cent over the next 3-4 years

Mkts fall, rise on Budget buzz: EY India takes a look at how stocks fared

Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25

EY-Assocham report advocates raising e-commerce export ceiling to $50,000

The report said to enhance global competitiveness of exporters and offset the cost disabilities, govt should introduce a special credit package with fiscal incentives for the e-commerce export sector

Delhi HC says ICAI allowed to issue orders against Big Four affiliates

The court also said that the firms, along with the partners, are also liable to reply to the ICAI notices

Vellayan Subbiah of TII named EY World Entrepreneur of the year 2024

India has now become the only country among EY regions to win the global entrepreneurship award four times

Need to put more capital in hands of private sector: EY India chairperson

Memani talked of stepping up manufacturing and skilling

ICAI passes orders against three EY affiliates for professional misconduct

The Institute of Chartered Accountants of India (ICAI) has passed an order against auditing major EY's three affiliates and a retired partner for "professional misconduct". Besides, the ICAI has issued an order against S V Ghatalia & Associates, LLP, and its partner for professional misconduct. The entity is not operational now. The disciplinary committee of the ICAI has directed the firms and the individual partner concerned to immediately stop existing arrangements with the multinational entities, as the same is circumventing the provisions of the Chartered Accountants Act, 1949. The order, dated April 25, is against S R Batliboi & Associates, LLP; SRBC & Co, LLP; S R Batliboi & Co LLP and retired partner Raj Kumar Agrawal. "We are disappointed to receive the order against our former retired partners in the matter of operations of Indian audit firms having network with global firms. "We as Indian audit firms have always respected rules and applicable laws. We are ...