
Ernst & Young

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About Ernst & Young

We help digital pioneers fight data piracy; guide governments through cash-flow crises; unlock new medical treatments with data analytics; and pursue high quality audits to build trust in financial markets and business. And now we’ve unified all our artificial intelligence (AI) innovation and development efforts under one platform, EY.ai, to help enable clients to efficiently access the benefits of AI. It is also intended to increase transparency, trust, and confidence in AI as EY seeks to use these new capabilities to serve the broader interests of society and contribute to a more inclusive, equitable future.
Through our four integrated service lines — Assurance, Consulting, Strategy and Transactions, and Tax — and our deep sector knowledge, we help our clients to capitalize on new opportunities and assess and manage risk to deliver responsible growth. Our high-performing, multidisciplinary teams help them fulfill regulatory requirements, keep investors informed and meet stakeholder needs.
We believe a better working world is one where economic growth is sustainable and inclusive. We work continuously to improve the quality of all our services, investing in our people and innovation. And we’re proud to work with others – from our clients to wider stakeholders – to use our knowledge, skills and experience to help fulfill our purpose and create positive change.
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Overall Rating | 3.4/5 based on 12.2k reviews | 3.7/5 based on 20.1k reviews ![]() | 3.4/5 based on 6.3k reviews | 3.3/5 based on 10.6k reviews |
Highly Rated for | ![]() No highly rated category | Skill development Job security | ![]() No highly rated category | ![]() No highly rated category |
Critically Rated for | Work-life balance Promotions Work satisfaction | Work-life balance Promotions | Promotions Work-life balance Work satisfaction | Promotions Work-life balance Work satisfaction |
Primary Work Policy | Hybrid 75% employees reported | Hybrid 83% employees reported | Hybrid 65% employees reported | Hybrid 76% employees reported |
Rating by Women Employees | 3.3 Average rated by 3.8k women | 3.7 Good rated by 6k women | 3.3 Average rated by 2k women | 3.3 Average rated by 3.1k women |
Rating by Men Employees | 3.4 Average rated by 7.9k men | 3.8 Good rated by 12.2k men | 3.5 Good rated by 4k men | 3.3 Average rated by 7.1k men |
Job security | 3.6 Good | 3.8 Good | 3.6 Good | 3.4 Average |
Ernst & Young Salaries
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Ernst & Young News
Taxmann, EY India Launch AI Platform for Tax Research and Drafting
- Taxmann and EY India have collaborated to launch Taxmann.AI, an AI-powered platform for tax research and drafting in India.
- The platform features an 'Ask Bot' for natural language queries and a 'Draft Bot' for legal document analysis and response generation.
- Designed to enhance efficiency, the platform integrates EY's AI technology with Taxmann's decades of tax and legal content expertise.
- The collaboration aims to address workflow challenges in Indian tax research and is now available to professionals nationwide.

EY's London cleaners are picketing its office after over a third were told their jobs could be cut
- EY cleaners strike in London over potential job cuts by subcontractor Mitie.
- Nearly 37% of cleaners at EY's London offices face layoffs, disrupting daily operations.
- Cleaners protest for job security and better working conditions, demanding reversal of layoffs.
EY launches AI Academy for talent upskilling in GenAI
- EY launches AI Academy to support enterprises in upskilling their talent amidst the discussion on AI unlocking productivity and economic gains.
- A study by EY projected that AI adoption could transform millions of jobs by 2030 and drive productivity boosts in the Indian economy.
- The AI Academy provides structured learning paths from foundational AI concepts to advanced GenAI applications, with real-world use cases tailored to specific industries.
- EY India's initiative aims to upskill employees internally and collaborate with enterprises in various sectors to build AI capabilities for driving business outcomes.
Aakash Sends Second Legal Notice To EY India Over Conflict Of Interest
- Aakash Educational Services Ltd (AESL) sent a second legal notice to EY India, alleging conflict of interest and professional misconduct.
- The notice highlights EY acting as the financial advisor to AESL's competitor, Allen Career Institute, while being involved in AESL's financial operations.
- AESL demanded a probe into EY's conduct and raised concerns over unethical conflict of interest, seeking civil and criminal proceedings against EY.
- EY India refuted the allegations, emphasizing client confidentiality and conflict matters, as the legal battle between Aakash and EY continues.

Aakash accuses EY of professional misconduct, advising rivals in conflict of interest
- AESL accuses EY of professional misconduct related to advising rivals in conflict of interest, including in financial operations and merger dealings.
- EY denied the allegations and emphasized client confidentiality, refusing to comment further on the matter.
- AESL issued a legal notice to EY for not providing crucial transaction-related documents, suggesting concealment of information.
- AESL plans to take further legal action against EY for conflicts of interest, considering EY's involvement with a competitor and calling for an investigation.

Shipra Saraf appointed head-HR consulting, India and S. Asia, Microsoft
- Shipra Saraf has been appointed as the head of HR consulting for India and South Asia at Microsoft, moving from her previous role as the head of HR for India at Kenvue since 2022.
- Shipra Saraf is an alumna of Lady Shri Ram College (LSR), Delhi University and XLRI Jamshedpur. She started her career as an intern at EY and held various HR roles at Johnson & Johnson before joining Kenvue.
- She describes herself as a collaborative leader and is excited to join Microsoft during a time when the company is focused on leveraging AI to revolutionize work processes.
- Shipra Saraf's career progression showcases her expertise and leadership in HR roles, culminating in her new position at Microsoft. HR Katha extends best wishes for her new role.

Rate rationalisation will improve GST system
- Expansion of taxpayer base from 67.83 lakh to 1.47 crore as of August 2024, showing formalization of the economy.
- Monthly GST collections consistently nearing ₹2 lakh crore.
- Digital enablement through streamlined processes like registration, return filing, and e-way bills.
- GST Council's proactive role through circulars and FAQs noted.
- Challenges persist with classification, rates, and sectors outside the GST net.
- Operationalising the GST Appellate Tribunal (GSTAT) highlighted as a priority.
- Calls for re-evaluation of tax slab structure and product categorization.
- Proposed reconsideration of tax slabs for essential items to enhance affordability.
- Suggested reevaluation of GST treatment for life and health insurance to expand coverage.
- Invoice Management System (IMS) proposed to be made mandatory for stable compliance.
- Inclusion of petroleum products and electricity within the GST framework recommended.
- Easing restrictions on input tax credit essential to minimize cascading costs.
- Opportune moment for reforms with buoyancy in GST collections and Vision 2047 goals.
- Authored by Tax Partner, EY India, with contribution from Tax Professional, EY India.

EV Ride Hailing Startup Evera Bags $4 Mn From Mufin Green Finance
- EV ride hailing startup Evera Cabs secures $4 Mn from Mufin Green Finance through convertible debentures and debt.
- The investment aims to enhance customer experience with a focus on clean tech and seamless commuting.
- Evera Cabs recently acquired BluSmart's fleet and driver network, expanding its B2B and B2C services.
- Founded in 2019, Evera Cabs offers EV ride hailing services with no cancellation and surge charges.
- The startup currently operates with a fleet of 450 EV cabs, aiming to expand to 1,000 BluSmart EVs.
- Previous funding rounds included a $7 Mn pre-Series A funding led by international investors.
- The EV ride-hailing sector faced challenges with the downfall of BluSmart, affecting drivers and employees.
- Issues arose with Gensol Engineering promoters using company funds for personal investments.
- Evera Cabs caters to corporate clients such as EY and Orix while competing with Ola and Uber in the EV ride-hailing market.
- The Indian EV market is expected to reach nearly $114 Bn by 2029, providing growth opportunities for companies like Evera.
- The article is sourced from Inc42 Media.

BYJU’S RP Sues Former Directors Over Alleged Transfer Of Company Assets
- BYJU’S RP has filed a lawsuit against former directors for alleged transfer of company assets.
- The lawsuit at NCLT named Byju Raveendran, Riju Ravindran, Divya Gokulnath, and Jiney Thathil.
- RP demands compensation for fraudulent transfers totaling $533 Mn and INR 130 Cr.
- BYJU’S founders refute allegations, calling them baseless.
- Next hearing scheduled for July 9 regarding the lawsuit.
- ICAI to resume probe on financial statement lapses at BYJU’S.
- Four new benches constituted by ICAI to investigate the matter.
- Investigation found negligence by BYJU’S auditors and gross negligence on accounting practices.
- Ajmera appointed as RP of BYJU in March replacing former RP Pankaj Srivastava.
- Lenders requested Srivastava's removal as RP for not involving them in the creditors' committee.
- Allegations of 'criminal collusion' raised by BYJU’S founders against EY, RP, and lenders.
- US Insolvency Court ruled in favor of lenders in BYJU’S Alpha case involving a fraudulent transfer of $533 Mn.
- BYJU’S RP lawsuit reflects ongoing legal and financial challenges faced by the edtech firm.
- The case continues to unfold amidst allegations and legal proceedings.
- The complex situation highlights the intricacies of corporate governance and financial oversight.
- BYJU’S and its stakeholders are navigating a tumultuous period of legal scrutiny and investigations.

Byju’s RP’s suit claims directors owe compensation to company under IBC laws
- An EY-backed resolution professional (RP) has filed lawsuits at the NCLT against former Byju’s directors for fraudulent transfers of company assets.
- The lawsuits aim to reverse detrimental transactions made by the company’s previous management under the Insolvency and Bankruptcy Code.
- Two sets of transactions involving millions of dollars have been contested, alleging deprivation of funds from Think and Learn.
- The former directors – Byju Raveendran, Riju Ravindran, and Divya Gokulnath – are implicated in the lawsuits.
- The RP demands that the sums be compensated to the company by the former directors.
- Riju Ravindran previously filed a petition for the RP's removal, citing EY's prior advisory role and conflicts of interest.
- Allegations have been made against EY acting in the interest of Glas Trust rather than the company.
- Another recent petition challenged Glas Trust's representation of Think and Learn's creditors, claiming lack of legal entitlement and lender support.
- A lawsuit mirrors a Delaware court ruling questioning Byju’s Alpha's transfer of a $533 million ownership interest to related entities, deemed illegal.
- The former directors have contested the Delaware court ruling and filed an appeal against it.


Ernst & Young Subsidiaries

Thomson Reuters

C Centric Solutions

Zilker Technology

Parthenon - EY

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