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Ey - Total results - 69
US overtakes China as most attractive country for renewables investment; India slips to 7th spot: EY report
Business

US overtakes China as most attractive country for renewables investment; India slips to 7th spot: EY report

The United States has overtaken China as the most attractive country in the world for renewables investment and the global clean energy sector is expected to bounce back quickly despite the coronavirus pandemic, research showed on Tuesday

Companies need to be more diligent while choosing partners for implementing COVID-19 relief measures: EY report
Business

Companies need to be more diligent while choosing partners for implementing COVID-19 relief measures: EY report

With an increasing number of corporates mobilising resources to support the government address the COVID-19 threat, there is a greater need for due diligence by companies on the partners they choose to work with to implement the relief measures, consultancy firm EY said on Wednesday

COVID-19: Double stress fund for stalled affordable housing projects to Rs 50,000 cr, says EY
Business

COVID-19: Double stress fund for stalled affordable housing projects to Rs 50,000 cr, says EY

The government has so far cleared Rs 540 crore worth projects and preliminary clearance has been given for due diligence in nearly 14 housing projects.

Online car sales may gain traction post-COVID-19 due to fears of infection; auto retail needs to become virtual: EY
Business

Online car sales may gain traction post-COVID-19 due to fears of infection; auto retail needs to become virtual: EY

Indian OEMs and car aggregators can take a cue from global players and gradually develop their capabilities to support this transformation

Fund raising activity goes 'cold' in India; PE, VC investments may dip up to 60% in 2020 due to COVID-19: EY
Business

Fund raising activity goes 'cold' in India; PE, VC investments may dip up to 60% in 2020 due to COVID-19: EY

In the past few years, fund raising activity has been touching record highs, and grew 28 percent to $48 billion in 2019.

Coronavirus takes toll on global mergers and acquisitions as $1 billion deals disappear, first time since 2004
Business

Coronavirus takes toll on global mergers and acquisitions as $1 billion deals disappear, first time since 2004

The dearth of mega deals comes as countries across the world have shut down large swathes of their economies as they battle the COVID-19 pandemic that has infected over 2.33 million people and claimed 165,000 lives.

Coronavirus leaves private healthcare sector in financial distress, in need of stimulus: FICCI-EY study
Business

Coronavirus leaves private healthcare sector in financial distress, in need of stimulus: FICCI-EY study

The private healthcare sector in the country is witnessing an unprecedented slowdown due to the outbreak of Covid-19 in India and the resultant lockdown, according to a FICCI-EY study

Coronavirus Outbreak: Fall in productivity single biggest concern among many firms, reveals EY survey
Business

Coronavirus Outbreak: Fall in productivity single biggest concern among many firms, reveals EY survey

As many as 72 percent of organisations believe the impact of coronavirus pandemic will be felt beyond six months and the single biggest concern for continued remote working is fall in productivity, according to a survey by consultancy and advisory services provider EY

Infosys whistleblower complaint: Shades of Satyam fiasco; US is epicentre of both firms, but auditors can still redeem themselves
Business

Infosys whistleblower complaint: Shades of Satyam fiasco; US is epicentre of both firms, but auditors can still redeem themselves

The US SEC is taking up cudgels for American investors. It is in the fitness of things that SEBI should bat for the Indian investors in Infosys

Haldiram emerges sole bidder to buy debt-ridden dairy firm Kwality with offer of Rs 130 cr
Business

Haldiram emerges sole bidder to buy debt-ridden dairy firm Kwality with offer of Rs 130 cr

Kwality has a total debt of around Rs 1,900 crore, which means that lenders would have to take a significant haircut.

Venture investments up 69% at $16.4 bn in Q2; strongest-ever quarter by deal values for PE, VC industry: Report
Business

Venture investments up 69% at $16.4 bn in Q2; strongest-ever quarter by deal values for PE, VC industry: Report

Venture capital investment in India strengthened during the September quarter led by a slew of large deals of over $100 million

CCD board meeting: Coffee Day Enterprise appoints EY to scrutnize book of accounts; investigate into VG Siddhartha purported letter
Business

CCD board meeting: Coffee Day Enterprise appoints EY to scrutnize book of accounts; investigate into VG Siddhartha purported letter

Coffee Day Enterprises on Thursday said it has appointed global accounting firm EY to scrutinize the books of accounts of the company and its subsidiaries

DHFL expects lenders approval of resolution plan by month-end; private equity firms in talks with promoters for strategic stake
Business

DHFL expects lenders approval of resolution plan by month-end; private equity firms in talks with promoters for strategic stake

DHFL has received non-binding indicative term sheets as part of the proposed corporate restructuring of the company

Auditors to debt-ridden DHFL raise red flags around quarterly results; trigger fresh concern about future of troubled lender
Business

Auditors to debt-ridden DHFL raise red flags around quarterly results; trigger fresh concern about future of troubled lender

DHFL, one of India’s biggest housing finance companies with almost 1 trillion rupees ($14.52 billion) in debt, has been hard hit by a liquidity crunch

CCI needs to conduct a survey to assess if Big Four audit firms abusing their dominant position in India: Govt
Business

CCI needs to conduct a survey to assess if Big Four audit firms abusing their dominant position in India: Govt

Ministry of Corporate Affairs, which holds that view, is yet to send any formal request to the CCI to probe the matter, said the official.

Infibeam Avenues to seek shareholder nod to remove SRBC & Co as joint auditor
Business

Infibeam Avenues to seek shareholder nod to remove SRBC & Co as joint auditor

Last month, Infibeam Avenues had informed that its proposal had been approved by the Corporate Affairs Ministry

Kwality insolvency: NCLT gives debt-ridden dairy firm 90 days more time to complete resolution process
Business

Kwality insolvency: NCLT gives debt-ridden dairy firm 90 days more time to complete resolution process

Kwality is currently undergoing the CIRP as per the provisions of the Insolvency and Bankruptcy (IBC) Code, pursuant to an order of NCLT

Addressable medicine market for e-pharmacies in India to reach $18.1 billion by 2023: EY
Business

Addressable medicine market for e-pharmacies in India to reach $18.1 billion by 2023: EY

The addressable medicine market for e-pharmacies in the country stands currently at $9.3 billion and is estimated to grow at a CAGR of 18.1 percent.

Paytm Mall ropes in EY to investigate cashback row; plans to build tech-driven fraud prevention system
Business

Paytm Mall ropes in EY to investigate cashback row; plans to build tech-driven fraud prevention system

Paytm Mall said it continues to "de-list fraud merchants and take strict action wherever needed".