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15 Sep 2017
In its endeavour to unlock the potential for growth in our communities, Grant Thornton in India celebrates today its third annual Corporate Social Responsibility (CSR) day. More than 300 Grant Thornton employees dedicated 1500 working hours in serving and educating 2274 underprivileged children across seven cities in India.
06 Sep 2017
As the curtains drew on the first annual reporting by listed companies under the new accounting standards i.e. Indian Accounting Standards or IndAS, Grant Thornton conducted a study of more than 500 listed companies to assess the impact of IndAS implementation. The study finds that these listed companies reported a decline in their net profits by a whopping INR 13,680 crore which is a decline of 6.2 per cent over their previous reported profits under earlier accounting standards, for the previous financial year ended 31 March 2016.
09 Aug 2017
A global survey of 2,500 businesses in 36 economies conducted by Grant Thornton finds that 80 per cent of boards in India say that culture is now a standing item on their agenda as against 50 per cent globally. This was the second most cited measure in India whereas it is the third most cited one in APAC. The survey report - “Corporate Governance 2017 - Building blocks of Corporate Culture” further suggests that 85 per cent (71per cent globally) of boards in India are establishing internal controls that address culture and employee behaviour. This is in line with SEBI’s recommendations which state that Culture should be a key agenda for a Board.
24 Jul 2017
Indian businesses continue to be optimistic backed by a buoyant economy and continued reforms which has also resulted in a very buoyant stock market According to the Grant Thornton International Business Report (IBR) survey, India’s ranking has rallied from 4th to 2nd position on the optimism index in the second quarter of 2017. The IBR finds that 94 per cent Indian businesses are confident of India’s economic growth story. While India continues to rise on the optimism index, China is still struggling to build the business confidence with only 48 per cent businesses displaying confidence in the economic growth for the second consecutive quarter.
16 May 2017
Peter Bodin will lead Grant Thornton International Ltd (GTIL), the global entity of one of the world’s leading professional services networks with 47,000 people at member firms in over 130 countries, it was announced today. Bodin, the former CEO of Grant Thornton Sweden, will assume the role with effect from 1 January 2018 for a five year term, succeeding Ed Nusbaum who will retire at the end of this year after eight years as CEO of GTIL.
13 Apr 2017
Grant Thornton Survey shows 85 per cent Indian businesses are optimistic about economic recovery against 48 per cent in China
31 Mar 2017
Grant Thornton’s Forensics leader, Vidya Rajarao becomes the first Indian to be elected to the Board of Regents of ACFE
08 Mar 2017
India ranks third lowest in having women in leadership roles for the third consecutive year
06 Mar 2017
Startups continue to make the highest contribution to the private equity (PE) and venture capital (VC) deals space in 2016. According to the fifth edition of Grant Thornton in India’s The Fourth Wheel 2017 report, the segment has received the maximum investment of US$ 2.5 bn and constitutes 70 percent of the transaction volumes in 2016.
02 Mar 2017
India needs profound digital transformation and strong IT security infrastructure to embrace Industry 4.0 in the automotive sector, says Grant Thornton – CII report