Ernst & Young
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8% below
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About Ernst & Young
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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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Change Company | Change Company | Change Company | ||
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Overall Rating | 3.4/5 based on 10.8k reviews | 3.8/5 based on 17.7k reviews | 3.5/5 based on 5.5k reviews | 3.4/5 based on 9.1k reviews |
Highly Rated for | No highly rated category | Skill development Salary Job security | No highly rated category | No highly rated category |
Critically Rated for | Work-life balance Promotions Work satisfaction | Work-life balance | Work-life balance Promotions Work satisfaction | Work-life balance Promotions Work satisfaction |
Primary Work Policy | Hybrid 73% employees reported | Hybrid 83% employees reported | Hybrid 65% employees reported | Hybrid 72% employees reported |
Rating by Women Employees | 3.4 Average rated by 3.4k women | 3.7 Good rated by 5.2k women | 3.4 Average rated by 1.7k women | 3.4 Average rated by 2.7k women |
Rating by Men Employees | 3.5 Good rated by 6.9k men | 3.8 Good rated by 10.7k men | 3.5 Good rated by 3.4k men | 3.4 Average rated by 6.1k men |
Job security | 3.7 Good | 3.8 Good | 3.6 Good | 3.5 Good |
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Byju's legal battles: US court ruling, new RP and whistleblower claims
- US Bankruptcy Court holds Byju's responsible for defrauding its US entity, Byju's Alpha Inc, and its lenders.
- Court confirmed fraudulent fund transfers and accused Riju Ravindran of breaching duties as a director of Byju’s Alpha.
- Glas Trust initiates legal action against Byju's in India over the US lenders' matter.
- Byju Raveendran accuses EY, Glas Trust, and former RP of collusion and fraud, demanding an investigation.
- EY whistleblower alleges collaboration with Glas Trust in insolvency proceedings, refuted by EY.
- New RP Shailendra Ajmera appointed by NCLT, opposed by Raveendran's counsel.
- NCLT found issues with former RP Srivastava's actions, leading to disciplinary proceedings against him.
- Glas Trust and Aditya Birla Finance reinstated to the CoC after being removed by Srivastava's restructuring.
- Byju's faces legal battles amid accusations and changes in the resolution professionals overseeing the company's affairs.
- The situation involves allegations of fraud, collusion, and lack of transparency in Byju's financial dealings.
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Byju Raveendran alleges collusion between EY India and Glas Trust
- Byju Raveendran alleges collusion between EY India and Glas Trust.
- He claimed that EY India, Glas Trust, and the resolution professional appointed for the company have 'destroyed' the company.
- Byju mentioned that a thorough investigation is needed to uncover the truth about the matter.
- He expressed his determination to make a comeback and asked BYJU's employees to stay strong and proud.
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Byju Raveendran Breaks Silence & Urges Probe Into EY - Glas Trust ‘Collusion’
- Byju Raveendran, the founder and CEO of Byju's, addressed the company's financial crisis and legal battles in a LinkedIn post.
- Raveendran revealed that he has sold everything he owns to keep his mission alive and accused Glas Trust and the interim resolution professional of harming rather than protecting the company.
- He called for a thorough investigation into the alleged criminal collusion between EY India, GLAS Trust, and the IRP and urged the authorities to take action.
- Raveendran expressed his determination to bounce back and redefine resilience in Indian entrepreneurship.
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Byju Raveendran alleges collusion between EY India, Glas Trust and resolution professional
- Byju Raveendran, founder of embattled edtech Byju's, accused EY India, Glas Trust, and the resolution professional of collusion.
- Byju alleged that EY India, Glas Trust, and the resolution professional destroyed Byju's instead of protecting it.
- Byju claimed that a thorough investigation will reveal evidence of criminal collusion.
- Byju's founder expressed determination to make a comeback and asked BYJUites to stay strong and proud.
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Eighth Pay Commission may upset the downward path of the debt-GDP ratio, says EY report
- The implementation of the Eighth Central Pay Commission may lead to the need for additional borrowing in FY27, which may delay the achievement of sustainable levels of debt and fiscal deficit.
- The government announced the setting up of the 8th Pay Commission, which will impact the salary, pensions, and expenditure of over 50 lakh Central government employees and pensioners.
- The increase in pay and pension bill following the implementation of the recommendations by the 8th Pay Commission is expected to impact the fiscal consolidation roadmap.
- The report suggests the government needs to strengthen revenue mobilization, increase the tax-to-GDP ratio, and steadily reduce the fiscal deficit to achieve the Fiscal Responsibility and Budget Management Act (FRBMA) target.
DXC paid 50% more than original contract value for disastrous public sector Oracle project
- DXC accrued over 50 percent more than its original contract value for completing less than half the scheduled contract term during a disastrous project to move a UK government body off an ageing SAP ERP system and onto Oracle Fusion.
- The ERP transformation project at West Sussex County Council saw cost escalations of 15 times the initial estimates to reach £40 million ($50 million) and lacked assurance of replacement business management and a contractual delivery partner.
- DXC started the project in May 2020 under a five-year, £4 million contract, but weaknesses in budgeting, governance, and risk management were identified by internal and independent audits.
- The relationship between the Council and DXC deteriorated, leading to the termination of the agreement in September 2023, with DXC already receiving over 50 percent more than the original contract price.
- The Council paid DXC around £6.6 million, more than 50 percent above the original contract price, despite putting the project on pause after agreeing on a contract variation.
- A report by Ernst & Young highlighted weaknesses in program management, with the council pausing the project in November 2022 to put a rectification plan in place due to deviations in timeline and budget.
- The council's version of events differs from the director of law and assurance's report, raising questions about the project's progress and the payments to DXC during the pause.
- The council engaged Infosys in a £5.8 million deal to complete the project, with the go-live date for the new ERP system now expected in December 2025 and April 2026.
- The project experienced delays and cost overruns, highlighting the challenges and complexities involved in managing large-scale ERP transformations in the public sector.
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New Income Tax Bill Shows Predictability, Stability, Continuity: EY's Pranav Sayta
- The New Income Tax Bill, tabled by Finance Minister Nirmala Sitharaman, has attempted to simplify the structure, according to EY India's Pranav Sayta.
- The bill is largely in line with expectations and shows predictability, stability, and continuity.
- No significant changes have been made, and the bill has not introduced any new taxes.
- The new bill has brought improvements by simplifying the tax structure and clarifying the time frame.
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SAP and Databricks Open a Bold New Era of Data and AI
- SAP and Databricks have introduced SAP Business Data Cloud, a SaaS solution to manage enterprise data, connect with third-party data, and provide transformational insights.
- The partnership between SAP and Databricks signifies a new era in enterprise data management, aiming to redefine how data platforms work.
- SAP Business Data Cloud addresses challenges related to poor data quality and data harmonization, providing a trusted and harmonized data foundation.
- It offers fully managed SAP data products across various business processes, simplifying lifecycle management and enabling zero-copy sharing.
- The solution includes pre-built analytical applications to accelerate decision-making in areas like ERP, finance, supply chain, and customer experience.
- SAP Business Data Cloud leverages Databricks for data connectivity, business semantics, data engineering, and machine learning/AI capabilities.
- It facilitates analytics and planning integration, enabling users to move from insights to actions seamlessly.
- The ecosystem of SAP Business Data Cloud supports an open data ecosystem, integrating with partners like Collibra, Confluent, DataRobot, and more.
- The solution fosters reliable AI by ensuring AI is built on accurate, trusted data with business context, enhancing productivity and automation.
- Partnerships with companies like Accenture, DataRobot, McKinsey, PwC, EY, Deloitte, and Capgemini offer additional insights apps on SAP Business Data Cloud.
MLDS 2025: Key Highlights from Day 1
- Rahul Bhattacharya, AI leader at GDS consulting, EY, explained the concept of the agentic workforce in AI-driven workspaces.
- Arvind Sasikumar, co-founder and CTO at Quinn, highlighted the critical importance of video compression for enhancing user experience.
- Chirag Jain, vice president of AI Practice at Genpact, emphasized the need for businesses to define long-term goals before implementing AI.
- Siddhant Goswami, co-founder at 100xEngineers and Tech Influencer, discussed the evolving role of AI agents and the importance of human intervention.
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'Relief for middle class': How India Inc reacts to Union Budget 2025
- The Union Budget revealed by FM Nirmala Sitharaman aims to drive innovation, entrepreneurship, employment & tax relief in India. Sitharaman also announced plans to launch a new Rs.10,000 crore Fund of Funds to support startups and the establishment of a Centre of Excellence (CoE) in Artificial Intelligence (AI) for Education, amongst other initiatives. Incomes up to Rs.12 lakh per annum will be tax-free under the new tax regime, with salaried individuals benefiting from an increased exemption limit of Rs.12.75 lakh, including standard deduction.
- India Inc. welcomes the new changes in the budget, especially the new reforms to boost private domestic consumption.EaseMyTrip's CEO, Rikant Pittie commented on the Budget's transformative vision for India's travel and tourism sector, reinforcing its role as a key driver of economic growth and employment. The expansion of the UDAN scheme will significantly enhance regional connectivity, making travel more accessible and affordable for millions.
- KPMG in India, Co-Head – Deal Advisory, Manish Aggarwal thought the Budget was comprehensive and growth-oriented, with a significant boost to infrastructure investments and manufacturing, especially in the power sector.
- Budget 2025 is a game-changing moment for the electric vehicle (EV) sector, particularly with the introduction of BCD (Basic Customs Duty) cuts on materials required for Li-Ion batteries. This will significantly lower production costs and help accelerate the growth of a zero-emission vehicle ecosystem in India. It will also drive innovation and create a self-sustaining, local ecosystem for EV batteries, motors, and controllers. Saunak Saha, Partner – Climate Change and Sustainability Services, EY India.
- The proposed DeepTech Fund of Funds is a timely and promising initiative, especially amid the global AI race… DeepTech startups, with their potential to address critical challenges, require patient capital and long-term support. Ankur Bansal, Managing Director, BlackSoil.
- The government's sharp focus on enhancing ease of doing business and setting up of National Manufacturing Mission will benefit the Indian entrepreneurial and private businesses. Income tax relief to the middle class will boost consumption and encourage capital investments. Yashasvi Sharma, Partner – Entrepreneurial and Private Businesses, PwC India.
- Ajay Vij, Senior Country Managing Director, Accenture in India said the Budget would establish a systematic and progressive movement towards building future-ready skills needed for an AI economy. These measures would help build a future where technology and human potential go hand in hand.
- The increase in the income tax exemption to Rs.12.75 lakh is a bold move that puts more money in the hands of salaried individuals, fuelling consumption and economic momentum. Anirudh A. Damani, Managing Partner, Artha Venture Fund.
- The Budget lays a strong foundation for sustainable growth and private sector participation, with strategic investments and fiscal prudence. Gopal Jain, Managing Partner, Gaja Capital.
- The emphasis on developing and strengthening the MSME sector through credit guarantees, investment and turnover limits is laudable and, if carried through, will lead to scale, innovation and job creation. Dhiresh Bansal, CFO, Meesho.
- Budget 2025 also shone a spotlight on MSMEs, the auto component sector and made it easier for startups & MSMEs to secure essential working capital through the credit guarantee scheme and doubling the limit to Rs10 crore. Vikram Gupta, Founder and Managing Partner, IvyCap Ventures.
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