Grant Thornton

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Grant Thornton - Total results - 35
India has been ranked fourth globally in terms of business optimism; Philippines top charts: Survey
Business

India has been ranked fourth globally in terms of business optimism; Philippines top charts: Survey

Only 64% of corporates are optimistic about the country's economic growth over the next 12 months, says a survey

IL&FS crisis: ICRA, CARE question Grant Thornton's report on cash-strapped infrastructure lender
Business

IL&FS crisis: ICRA, CARE question Grant Thornton's report on cash-strapped infrastructure lender

Rating agency CARE on Monday claimed that the interim report by Grant Thornton's on IL&FS Group "misses" some rudimentary elements of the process of credit rating

IL&FS case: SEBI widens investigation into role of rating agencies; looks into possible systemic lapses at all five rating agencies
Business

IL&FS case: SEBI widens investigation into role of rating agencies; looks into possible systemic lapses at all five rating agencies

Grant Thornton said it identified multiple e-mails over the period from 2008 to 2018 which indicate that the IL&FS group was under stress or faced liquidity issues since 2015.

Cash-strapped Jet Airways lenders attempt to sell bankrupt carrier again; to call bids for asset sale by 20 July
Business

Cash-strapped Jet Airways lenders attempt to sell bankrupt carrier again; to call bids for asset sale by 20 July

Last month, JetAirways' creditors, led by State Bank of India (SBI), took the airline to the bankruptcy court after failing to agree on a revival plan

Jet Airways bankruptcy: NCLT gives time till 4 July to grounded airline's creditors to submit claims
Business

Jet Airways bankruptcy: NCLT gives time till 4 July to grounded airline's creditors to submit claims

On 20 June, the National Company Law Tribunal admitted the insolvency petition filed by State Bank of India against Jet Airways

Total M&A, PE deal value drops 79% to $4,579 mn in April despite strengthening rupee, positive domestic sentiment: Report
Business

Total M&A, PE deal value drops 79% to $4,579 mn in April despite strengthening rupee, positive domestic sentiment: Report

Total merger and acquisition (M&A) and private equity (PE) deal value were at $4,579 million (about Rs 31,950 crore) in April 2019 against $21,766 million in the same month last year

Jobs deficit: GIFT City in Gujarat struggling to create employment despite Modi govt offer of tax, concessions
Politics

Jobs deficit: GIFT City in Gujarat struggling to create employment despite Modi govt offer of tax, concessions

The lack of development and job creation at GIFT, critics say, reflects one of Modi’s challenges as a whole as he begins a second term in office.

PE, VC investments reach $20.5 bn in 2018 on deals in startups, e-commerce, ITeS: Report
Business

PE, VC investments reach $20.5 bn in 2018 on deals in startups, e-commerce, ITeS: Report

The report said it is not unusual to witness high levels of public spending in election years and it may push investments in rural and infrastructure-related sectors in the near-term.

India's Merger and Acquisition deal value drops 34% to $1.24 bn in February; cross-border transactions dominate: Report
Business

India's Merger and Acquisition deal value drops 34% to $1.24 bn in February; cross-border transactions dominate: Report

Grant Thornton's report showed that number of mergers and acquisitions transactions last month rose marginally to 44 last month

Grant Thornton report on IL&FS points to several irregularities in deals worth Rs 13,000 cr
Business

Grant Thornton report on IL&FS points to several irregularities in deals worth Rs 13,000 cr

Grant Thornton in its report on debt-ridden IL&FS Group has identified various financial irregularities in deals with financial implications of over Rs 13,000 crore during a special audit conducted by the firm

KPMG audits show 'unacceptable deterioration', to be first to undergo special supervision, says UK accounting watchdog
Business

KPMG audits show 'unacceptable deterioration', to be first to undergo special supervision, says UK accounting watchdog

The Financial Reporting Council (FRC) said the Big Four auditors - which also include PwC, EY and Deloitte - must act swiftly to reverse the decline in this year’s audit inspection results if they are to hit targets set by the watchdog.

India Inc's M&A tally rises 8-fold to $19.1 bn with 40 transactions, highest monthly deal value since March 2018: Report
Business

India Inc's M&A tally rises 8-fold to $19.1 bn with 40 transactions, highest monthly deal value since March 2018: Report

India continues to see a strong growth in deal activity, with the year so far recording 442 deals (M&A and PE) worth $44 billion, a 26 percent increase in deal values,

Indian e-commerce market inked merger and acquisition deals worth $2.1 bn in 2017, data shows
Business

Indian e-commerce market inked merger and acquisition deals worth $2.1 bn in 2017, data shows

As much as $2.1 billion worth of M&A (merger and acquisition) transactions were inked in 2017 in the booming Indian e-commerce industry

Uber's new CEO Dara Khosrowshahi's challenges are not technological but cultural
Business

Uber's new CEO Dara Khosrowshahi's challenges are not technological but cultural

Dara Khosrowshahi has to ensure that Uber takes the leap from behaving as a startup to donning the role of a mature global company

Indian companies boost post-Brexit growth in 2016 in UK:Report
Business

Indian companies boost post-Brexit growth in 2016 in UK:Report

With around 800 Indian companies now operating in the UK, it is clear the UK remains a highly attractive destination for Indian investors.

Indian startups should focus on sustainability, stop chasing Unicorn tag
Business

Indian startups should focus on sustainability, stop chasing Unicorn tag

Just getting the valuation and funding is no guarantee that the Unicorn status will remain

Kingfisher auction finds no takers again, trademark is worth 'almost nothing'
Business

Kingfisher auction finds no takers again, trademark is worth 'almost nothing'

In April, the banks had made a failed attempt to sell brands and trademarks of the airlines, owned by Mallya. The auction was unsuccessful as none of the bidders came forward due to the higher reserve price of Rs 366.70 crore.