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The Ministry of Corporate Affairs has constituted an Inter-ministerial Group (IMG) on developing the domestic ecosystem of consulting and auditing firms under the Chairpersonship of the MCA Secretary, according to a statement released on Wednesday.

EY's TMT deal's spearhead Ajay Shah headed to financial services outfit backed by Madhu Kela

Ajay Shah has been with EY since 2007 and has advised on deals including the PVR- Inox Leisure merger, Bodhi Tree's $600 mn investment in Allen Career Institute and the stake buy by Warburg Pincus in Avanse Financial Services

This is what it takes to create an Indian challenger to the ‘Big Four’

An economy that is forecast to break into the top three before the decade is over has an underwhelming global footprint in advisory and professional services. The government is trying to find ways to change status quo. More than regulatory tweaks, the main constraint for Indian firms may be their mindset, argues a ‘Big Four’ lifer  

EY India Chairman Rajiv Memani takes over as CII President for FY26

He takes over from Sanjiv Puri, Chairman & Managing Director of ITC Ltd

Shapers of India’s Future, a series on the entrepreneurial journeys of the winners of the EY Entrepreneur of the Year 2024 India Awards | Webisode 3

As considered one of the world's most prestigious business award for entrepreneurs, EY Entrepreneur of the Year encourages entrepreneurship and recognises the contribution of entrepreneurs who inspire others with their vision, leadership and achievement. On the third webisode of ‘Shapers of India’s Future’, watch the entrepreneurial journeys of Dr. Anish Shah, Group CEO & MD of Mahindra Group; Kamesh Goyal, Founder & Chairman of Go Digit General Insurance; and Rajesh Magow, Co-founder & Group CEO of MakeMyTrip. 

EY India asks employees to work from home as India-Pakistan conflict escalates

Employees in Delhi NCR, Chandigarh, Jaipur and Ahmedabad offices were asked to work from home.

Shapers of India’s Future, a web series on the entrepreneurial journeys of the winners of the EY Entrepreneur of the Year 2024 India Awards | Webisode 2

Considered as one of the world's most prestigious business award for entrepreneurs, EY Entrepreneur of the Year encourages entrepreneurship and recognises the contribution of entrepreneurs who inspire others with their vision, leadership and achievement. In the second webisode of ‘Shapers of India’s Future’, watch the extraordinary entrepreneurial journeys of Dr. S Somanath, Former Chairperson of ISRO; Meher Pudumjee, Chairperson of Thermax; and Sameer Nigam, Co-Founder & CEO of PhonePe

Shapers of India’s Future, a web series on the entrepreneurial journeys of the winners of the EY Entrepreneur Of The Year 2024 India Awards | Webisode 1

Considered as one of the world's most prestigious business award for entrepreneurs, EY Entrepreneur Of The Year program encourages entrepreneurship and recognises the contribution of entrepreneurs who inspire others with their vision, leadership and achievement. In the first webisode of ‘Shapers of India’s Future’, watch the extraordinary entrepreneurial journeys of Nithin Kamath, Founder & CEO of Zerodha & KV Kamath, Chairman of Jio Financial Services.

Should have been here sooner, but was busy saving everything I built: Byju Raveendran

Raveendran also alleged that he, along with several of his employees, has received a document with “conclusive evidence” of criminal collusion between EY India, US-based lender GLAS Trust, and the interim resolution professional (IRP)

Davos 2025: Increased capex, personal income tax cut and deregulation will kickstart economic growth: EY’s Rajiv Memani

A key area that could help in GDP growth is deregulation and the ease of doing business, according to Memani, pointing to the second Trump administration’s plan to reduce the role of the federal government

MC Exclusive: MCX hires EY to investigate ransomware attack on brokerages, say sources

On December 9, more than 16 brokers were cut off from MCX servers following a cyberattack.

MC Exclusive | Adani Group evaluates acquiring Star Cement for expansion in NE

Star Cement enjoys the highest market share in the North East with an installed capacity of 7.7 mtpa and aims to reach 25 mtpa by 2030

Gen AI top priority for 70% of GCCs in India as they look to boost operations: EY survey

India has the potential to add $438 billion to its GDP by 2029-30, up from $359 billion, as the country scales Gen AI adoption, the EY India GCC Pulse Survey 2024 has said

About 70% of Indian CEOs focussing on investments in tech including AI, says survey

Financial constraints and a shift in boardroom focus has led to sustainability slipping down the priority list for almost 16% of CEOs

Vellayan Subbiah wins EY World Entrepreneur of the Year Award 2024

Subbiah’s victory marks the fourth time an entrepreneur from India has won this global title in this award’s 24 year history.

Enterprises hesitate on Gen AI adoption amid pricing model shifts, high costs

Managing costs is tricky for companies because the 'pay-as-you-go' model can get expensive with high usage while minimum payment models need a huge upfront commitment

EY Financial Services spearhead and veteran dealmaker Abizer Diwanji steps down

Diwanji has 26 years of experience in the financial services industry. Prior to EY, he spent nearly 15 years at rival Big 4 firm KPMG, where he started the restructuring practice in India

Govt may extend concessional 15% tax for new manufacturing units by one year: EY

Finance Minister Nirmala Sitharaman is scheduled to present the interim Budget for 2024-25 on February 1.

Corporate Crossings: EYs Chirag Agrawal headed to Deloitte as new head of corporate finance

Agrawal, an alumnus of London School of Economics and Politics Science, has over two decades of investment banking experience

Global AI Conclave | Know the speakers: Mahesh Makhija, Technology Consulting Leader, EY India

In India, EY.ai is creating an impact under the leadership of Mahesh Makhija, Partner and Technology Consulting Leader, EY India. Mahesh helps businesses speed their digital transformation journey in several sectors

Chart of the Day: What’s firing up the IPO market?

This year's IPO market is more broad-based and the momentum is likely to continue into 2H2024

PE-VC investments increase to $5.2 billion in August as large deals shoot up

The investments are more than double of the $2.3 billion witnessed in August 2022, even though the number of transactions has declined from 32 in the year-ago period, as per the monthly report by industry lobby grouping Indian Private Equity and Venture Capital Association (IVCA) and consultancy firm EY.

EY rolls out AI-powered platform after $1.4 billion tech investment

The move aligns the consulting firm with rivals like KPMG and Accenture, which are pouring billions into AI, hoping it will be their next big growth driver.

India tops the world with 80 listings as SMEs rush to go public

EY said funds raised so far this year totalled $2.1 billion, reflecting a 62 percent on-year decline

Boss of UK audit giant EY to retire next year

The professional services firm said that Di Sibio, who has headed the group since 2019, told partners that "he will retire as Global Chair and CEO of EY, having reached the mandatory retirement age of 60 this March".