Page 5 - Ernst & Young

YES Bank eyes own asset reconstruction company, invites EoIs from investors

In April, the RBI formed a 6-member panel headed by Sudarshan Sen, former ED, to carry out a comprehensive review of the working of ARCs in the financial sector ecosystem

IDBI Bank strategic sale: 7 firms in race for transaction advisor

As many as seven firms, including JM Financial, Ernst and Young and Deloitte, have bid for managing the strategic sale of IDBI Bank.

ESG integration in business will help create long-term value: EY India

The covid-19 pandemic has been instrumental in reinforcing the importance of ESG framework as a key approach to long-term business resilience, says the EY report

EY accused of concealing US health firm's audit fraud from investors

Indian entrepreneur files lawsuit, naming accounting giant as a co-conspirator in the fraud alongside former executives.

Decarbonisation, ESG a challenge and opportunity for steelmakers: EY Report

The major challenge that remains in the face of more stringent emission targets is to significantly reduce emissions in the steelmaking process, says the report

IPO market likely to stay bullish in June quarter, Covid to weigh: EY

India had 22 IPOs worth $2.6 bn in Q1 of Calendar 2021 versus 12 IPOs at the same time last year, was ranked ninth globally on number of offerings for the quarter

Four years after Modi push, no Indian firm in top league of auditors

Some prime slots are at best held by Indian arms of foreign firms with roots in Europe; govt itself favours the big four for mega advisory roles like disinvestment or asset monetisation

Budget 2021: E&Y analyses movement of stocks, gives key reasons behind it

Ernst & Young analyses the movement of stocks and gives key reasons behind it

Scope for tax concession limited in Budget, higher capex may be focus: EY

Srivastava said the fiscal deficit in the current fiscal is likely to be between 6.5-7 per cent

Integrating ESG into financial sector to benefit all stakeholders: Report

There has been a shift in focus of many businesses and investors from profits to people as the pandemic unrolled

NBFCs expect higher credit loss on Covid-19 woes, says study

The study by leading consultancy EY is based on an analysis of the standalone financial statements of 42 NBFCs, including 14 Housing Finance Companies (HFCs), for the year ended March 31, 2020

NMC Health administrator sues auditor Ernst & Young for $4 billion fraud

NMC Health is the largest private healthcare provider in the UAE, operating more than 200 facilities including hospitals, clinics and pharmacies

YES Bank in talks with ARCs to sell bad debt worth Rs 32,344 crore

Lender names EY as advisor, has already made provisions for Rs 24,476 crore, or 76% of its gross NPA

Agritech firms received $532 million investment till April this year: EY

The agritech is helping in solving many challenges across the spectrum of the traditional agriculture value chain

Indian firms did well against cyberattacks after chaos amid lockdown: EY

EY in its Global Integrity Report 2020 had found that cybercriminals, trying to exploit the fears and uncertainties around the virus, have stepped up phishing and ransomware attacks

Downward revision of growth projections shows inadequate stimulus: EY

EY's current assessment of India's 2020-21 real gross value added (GVA) growth is 1.9 per cent provided that India sticks to its infrastructure funding plans.

Separate audit units from other biz by June 2024: UK watchdog to Big Four

Auditors are under greater regulatory scrutiny than ever after a serious of high-profile lapses in recent years

3 agencies qualify tech round for assisting DPIIT in start up initiatives

Three consultancy agencies - PricewaterhouseCoopers, Ernst & Young, and KPMG Advisory, have qualified the technical evaluation round for assisting the Department for Promotion of Industry and Internal Trade (DPIIT) in effective and on ground implementation of initiatives for startups. In March, the department had invited a request for proposal (RFP) for the appointment of a consulting agency for Startup India, following which four consultancy firms bid. According to the minutes of a meeting that was held on June 26 to evaluate the preliminary proposals, these three firms have scored more than 60 marks and are found to be technically qualified. The evaluation committee, Chaired by DPIIT Joint Secretary Anil Agrawal, has "decided to open financial bids for all the qualified applicants on July 6". The minutes stated that Grant Thornton India LLP has failed to obtain minimum marks for technical qualification and "hence disqualified for the opening of its financial bid". The ...

Morgan Stanley, BofA lead i-banking in value terms with 50% market share

At the fifth slot is SBI Caps closing three deals worth $2.9 bn, followed by Nomura Holdings with $1.7 bn across two deals, and IDSBI Capital Markets with $1.3 bn involving two deals

How to make marketplace lending safe

RBI needs to handle fintechs with care, so that innovation, necessary for inclusion and cost-effective, fast transactions, is not stymied