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Arunachal Pradesh to launch web based application for monitoring all government projects
News & Analysis

Arunachal Pradesh to launch web based application for monitoring all government projects

The application will also help monitor centrally-sponsored schemes along with state government's flagship programmes.

EY announces a new cloud-based platform 'EY-Catalyst' to help businesses in India
News & Analysis

EY announces a new cloud-based platform 'EY-Catalyst' to help businesses in India

Leading global professional services firm EY on 6 November announced "EY Catalyst" — a new Cloud-based platform that can help businesses in India.

EY to organize a three-day Hackathon event focused on blockchain technology starting from 28 July
News & Analysis

EY to organize a three-day Hackathon event focused on blockchain technology starting from 28 July

The initiative will invite ideators, inventors and developers to collaborate and create marketable solutions leveraging "Blockchain" technology.

Snapdeal board rejects Rs 5,500 crore takeover offer from e-commerce rival Flipkart
News & Analysis

Snapdeal board rejects Rs 5,500 crore takeover offer from e-commerce rival Flipkart

The deal between Snapdeal and Flipkart, if completed, would mark the biggest acquisition in the Indian e-commerce space.

Narendra Modi wants four Indian accounting firms to rank among world's Big-8
Business

Narendra Modi wants four Indian accounting firms to rank among world's Big-8

"People talk of the Big 4 accounting firms. Sadly, there is no Indian firm there. By 2022, let us have a Big 8, where 4 firms are Indian," Modi said while addressing the CAs on the Foundation Day of the Institute of Chartered Accountants in India

Telecom's average cost of equity falls to 14 percent says EY survey
News & Analysis

Telecom's average cost of equity falls to 14 percent says EY survey

Additionally, 80 percent of telecom respondents use a forecast period of 10 years for project evaluation.

Microsoft and EY team up to develop high-end intelligence and analytics advisory services
News & Analysis

Microsoft and EY team up to develop high-end intelligence and analytics advisory services

Global leader in advisory services EY and Microsoft on Tuesday announced to develop and deliver innovative high-performance intelligence and analytics advisory services in India.

News & Analysis

"Sweeping changes" required to put a stop to white-collar crime in India, says EY

With mounting cases of white-collar crime impacting businesses adversely, "sweeping changes" along with "ramping up of skill-sets" of anti-fraud fighting professionals in India are required to mitigate future threats and risks, said a report released on Thursday.

No loss to customers from the recent cyber attack, says Axis Bank
News & Analysis

No loss to customers from the recent cyber attack, says Axis Bank

Axis Bank Ltd, India's third-biggest private sector lender by assets, said on Wednesday there was no loss to its customers from a recent cyber attack.

EY launches SAPPHIRE to help companies manage SAP license compliance
News & Analysis

EY launches SAPPHIRE to help companies manage SAP license compliance

EY Fraud Investigation & Dispute Services has launched an automated tool - EY SAPPHIRE, to help maintain compliance, control license costs and optimise their existing license landscape.

India most attractive investment destination globally: EY
Business

India most attractive investment destination globally: EY

Most of the respondents prefer to expand existing operations, followed by expansion through acquisitions and, if necessary, by joint ventures and alliances.

Brands to spend 15% of annual marketing budget on social media: EY
Business

Brands to spend 15% of annual marketing budget on social media: EY

90 percent of Indian brands plan to spend up to 15 percent of their annual marketing budget exclusively on social media, says EY

Listed companies spent Rs 1,600 cr on audit fees during 2013-14
Business

Listed companies spent Rs 1,600 cr on audit fees during 2013-14

Listed companies doled out nearly Rs 1,600 crore in terms of audit fee during 2013-14 financial year and about one-fourth of this amount was pocketed by 'big four' accounting firms.

Govt may cap subsidy burden at 1% of GDP in FY16, says EY
Business

Govt may cap subsidy burden at 1% of GDP in FY16, says EY

Government is likely to cap subsidy burden at about 1 per cent of gross domestic product in FY16 while restricting fiscal deficit at 3.6 percent, global consultancy firm EY said.

EY, CustomerXPs to jointly help banks fight enterprise fraud risks
Business

EY, CustomerXPs to jointly help banks fight enterprise fraud risks

The partnership will equip banks with a real-time 360 degree view of their customers, employees, branches and external entities, using transactions and activities done across business lines and channels.

Tech Mahindra makes its biggest acquisition abroad, buys LCC for $240 mn
Corporate

Tech Mahindra makes its biggest acquisition abroad, buys LCC for $240 mn

Mahindra Group's IT arm Tech Mahindra has announced today that it signed a definitive agreement to acquire acquire US-based network solutions company Lightbridge Communications Corporation (LCC) for $240 million (Approx Rs 1,500 cr)

A third of Indian companies lack skills to combat cybercrime: Study
Biztech

A third of Indian companies lack skills to combat cybercrime: Study

About 32.14 percent of the respondents in India said their organisation's total information security budget will stay approximately the same in the coming 12 months despite increasing threats.

Organizations in India lack ability to combat cyber-attacks: Report
News & Analysis

Organizations in India lack ability to combat cyber-attacks: Report

As cyberattacks are expanding on a rapid scale, about one-third organisations in India have no real-time insight on cyber risks necessary to combat threats

Tackling cybercrime: India gets its first Cyber Forensics & eDiscovery Centre in Hyderabad
Biztech

Tackling cybercrime: India gets its first Cyber Forensics & eDiscovery Centre in Hyderabad

With the demand for specialised forensic solutions expected to soar, the Hyderabad forensic lab will be instrumental to assist organisations in their effort to prevent and detect frauds.

India pips China as most attractive investment destination: E&Y
Business

India pips China as most attractive investment destination: E&Y

The global survey by E&Y has ranked India as the most attractive investment destination followed by Brazil and China at second and third positions, respectively.