Page 3 - Ernst & Young

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 ...

Over half of GCCs in India 'actively' adopting ESG agenda: Report

70% 'actively looking' for technology collaborations to implement ESG norms, says EY

Generative AI emerges as strategic focus for tech services companies

Evolving GenAI landscape shapes strategic focus for technology services, according to a recent EY study

EY added $700 million in extra debt for failed spinoff costs: Report

Borrowing at the accounting firm more than tripled from a year earlier to $983 million as of June 30, 2023, as it expanded an existing floating credit rate facility and took out a new one

India Inc seeks tax reforms, R&D incentives in upcoming interim Budget: EY

EY said that no major tax amendments or reforms are expected in the upcoming Budget as evidenced from the previous Interim Budgets of 2009, 2014 and 2019

Global corporate landscape 2023: Mergers, closures, and leadership shifts

From acquisitions & mergers to resignations 2023 has been a year of significant milestones in the global corporate world. Here is a recap on all the major event that unfolded in 2023

More than 80% Indian CEOs investing in GenAI for competitive edge: Report

Most of them have either completed or are hiring new talent with GenAI skills: EY

Central ministries gave contracts worth Rs 500 crore to 'Big Five' firms

About fifty organisations and 16 departments/ ministries outsourced work to these consultancy firms, which include PwC, Deloitte, Ernst & Young and KPMG, along with McKinsey & Company

Majority organisations' very concerned' on impact of data law: EY study

While the rules that would provide exact processes of the DPDP Act are yet to be notified, the government has consistently claimed that large organisations must not require much time to comply