Insight that moves business

The COVID-19 crisis is going to alter global economic relationships significantly. As trade and businesses around the world look at devising ways to mitigate the crisis, strategic bilateral relationships need a fresh perspective to challenge the uncertain times.

A crisis of the magnitude of COVID-19 is not merely a health and well-being issue, but also an operational and financial one that can lead to disruptions and long-term impact for businesses.

In an ever-changing regulatory environment, one of the biggest challenges for directors is to implement appropriate systems and processes to proactively protect their organisations, people and customers from any potential business disruption due to new regulatory requirements.

Grant Thornton in India presents the latest edition of the Monthly GAAP Bulletin that summarises significant accounting, auditing and regulatory updates. This publication has been compiled to meet the needs of dynamic Indian businesses and focuses on key developments in India and across the globe.

The ongoing COVID-19 crisis has severely strained the hospital infrastructure, as the disease has claimed over 100,000 lives in less than three months with many infected countries yet to hit their peaks in number of cases.

We are pleased to present the Quarterly Dealtracker, which captures the deal activities in India during Q1 2020.

The COVID-19 crisis is not just a health and well-being issue for businesses, but also a financial one that is severely disrupting operations across functions.

The Indian economy is grappling with a sharp reduction in economic activity. The GDP growth estimates have been cut down to 3.5% for FY2020-21 and businesses are expected to face considerable liquidity challenges amidst concerns of weaker demand for next few quarters.

The COVID-19 crisis has caused significant impact on how businesses are being run. As a result, businesses need to consider supply chain implications to ensure minimal impact on operations led by curtailed manufacturing and weaker demand.

In light of the COVID-19 crisis, most organisations have invoked their business continuity plans (BCPs) across the globe. However, adopting work from home comes with its own set of challenges.

Amidst the COVID-19 crisis, globally mobile individual taxpayers, who may have business connections or income accruals in different jurisdictions, are required to critically examine the impact of this unprecedented health emergency on multi-jurisdiction tax, immigration and other related matters.

The COVID-19 crisis has left the global stock markets in turmoil and many industries staring at an uncertain future.

In light of the ongoing COVID-19 crisis, multinationals are readjusting their supply chains and business models to meet the ever-changing demands of the new ‘now’.

Due to the ongoing COVID-19 crisis, businesses are expected to face considerable liquidity challenges due to sharp reduction in economic activity, amidst concerns of weaker demand for at least the next few quarters.

With major cities across the globe enforcing lockdowns to manage COVID-19 crisis, work from home or remote working has become the new normal.

In light of the ongoing COVID-19 crisis, the depressed business environment is expected to last a few quarters.