For DHFL, RBI appoints EY administrator advisor and AZB legal advisor
DHFL is in the process of finding a resolution after a recent proposal of lenders was rejected by the RBI. ET was first to report on October 19 that the RBI had rejected a proposal by banks that would have allowed them provisioning relief to the tune of Rs 6,000 crore on borrowings by DHFL. Most banks will have to now take this into account for the December quarter.
Investors look out for non-financial data in company reports: EY Survey
Several global CFO’s EY polled also articulated the need for a ‘chang...
EY partners with cos for client solutions
Tom Velema, EY’s alliances leader for EMEIA, who was in India recently, told ET that the shift in s...
Big four face investor calls for tougher climate scrutiny
The case for tighter auditing has been bolstered by public statements from regulators and accounting watchdogs highlighting the potentially systemic risks that climate change could pose. The investors said they were concerned that climate change was being “ignored” in accounting and audits. The letter was seen by Reuters and its contents are being made public for the first time.
PE/VC investments remain flat at $3.31 bn in October: Report
The data showed realty investments coming down in October to $114 million.
Altico lenders appoint SBI Cap & EY as advisors
Existing shareholders also declined to bring in further capital to support upcoming lender repayments, citing their latest infusion in March.
MNC Digital companies may face a minimum level of tax
Multinational technology and digital companies may have to cough up a minimum level of corporate tax. The OECD seeks to use financial accounts as a starting point for determining the tax base and provide guidance to MNCs.
EY estimates that digital technologies to create $1 trillion economic value by 2025
The consulting firm said that India’s goal of reaching $5 trillion economy is heavily banking on digital adoption.
EY plans to hire 14,000 for global delivery services team
The audit and professional services major is looking to recruit more talent with expertise in advanced analytics and other highly-skilled professionals across its eight GDS centres in the country that already employ about 27,000 people.
Altico’s lenders rope in SBI caps, EY to work on resolution plan
Troubled NBFC, too, working on a turnaround plan with the help of Alvarez & Marshal.
MNC tax: Delays plague mutual agreement process
MAP agreements are not made public, but a case that had hit the headlines was that of Nokia, where significant tax demands of above Rs. 2,000 crore were made on the Indian company.
CARE orders forensic audit of its rating calls
The homegrown rating agency has hired external hands to examine whether there were lapses on its part.
As tenancies fall, tower cos eye new infra opportunities
The telcom market has shrunk to a limited three plus-one-operator format with three private players and one major state-run telco.
Indian firms raised Rs 6,000 crore via 10 IPOs in Q3: EY
Indian firms had raised $0.87 billion through 22 IPOs in the corresponding period last year.
Ernst & Young probes cashback fraud at Paytm Mall
The Startup staff, in collusion with vendors, created fake orders to siphon off funds.
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