Press archives
15/04/2010 A celebration of wellness - Asia Spa
The process of nomination and selection of the nominees and the winners was validated by Grant Thornton to allow transparency in the selection process. Grant Thornton is one of the top five audit firms in the world. Vishesh Chandiok – National Managing Partner...
08/04/2010 Hope builds up - Business India
Grant Thornton in its Internal Business Report on Emerging Markets, has observed that emerging economies occupy four of the top five slots in terms of optimism for the year ahead are more optimistic than mature economies. “The importance of emerging markets...
07/04/2010 Good products, not good service - Business Today
A joint research by Grant Thornton UK and Grant Thornton India – the “mystery buyer” survey – studied insurance companies across term life, motar and home and contents to answer precisely these questions. “Consumers are much more concerned about service interface...
01/04/2010 Emerging markets to lead global recovery: Grant Thornton - Business Standard
"Not only have these economies been less severely hit, but they are also recovering more quickly, with growth rates over the next two years forecast to be double than that of more mature economies," Grant Thornton India National Managing Partner Vishesh Chandiok...
25/03/2010 Private cos see 23 pc fall in stress levels - Economic Times
Renewed confidence in growth and stability in the capital market has helped lower stress levels at privately-held Indian companies by 23 percentage from mid-2007 levels, the Grant Thornton International Business Report said. Only about 56% of around 500 participants...
25/03/2010 Execs lap up chance for new avatar - Economic Times
Cross-industry shifts have traditionally been driven by emerging businesses like telecom, retail and real estate where there was no existing talent pool. But this time, it’s also led by the need for innovative thinking, says Vinamra Shastri, partner, strategic...
09/03/2010 India Inc’s M&A deals up 5-fold - Times of India
Srividya said,” This month has seen some significant improvement in an outbound deal activity, led by the acquisition of Equipav SA Acucar e Alocol by Shree Renuka sugars. We have also seen some unique deals such as Religare Enterprises overseas acquisition...
08/03/2010 M&A deals worth over $1.3bn done in Feb: Grant Thornton - Moneycontrol.com
Driven by strong momentum in M&A activity, India Inc saw a five-fold jump as deals worth over USD 1.3 billion were closed. Cross border M&A deals done were worth USD 1.16 billion, while domestic M&A deals were clocked at USD 154 million, bringing the total...
07/03/2010 The GenNext cometh - Business Today
"The sustainability of a business without the family also has to be discussed (by the family)," says Vishesh Chandiok, National Managing Partner of Grant Thornton in India (which has a division working for family-managed businesses). http://www.wcgt.in/assets/coverage/March10/070310/BT_070310_Pg48.jpg http://www.wcgt.in/assets/coverage/March10/070310/BT_070310_Pg49.jpg http://www.wcgt.in/assets/coverage/March10/070310/BT_070310_Pg50.jpg http://www.wcgt.in/assets/coverage/March10/070310/BT_070310_Pg52.jpg http://www.wcgt.in/assets/coverage/March10/070310/BT_070310_Pg53.jpg ...
27/02/2010 Non – residents, watch out - Hindu Business Line
Post budget article on International taxation by Sanath Ramakrishna – Partner, Tax & Regulatory services at Grant Thornton http://www.wcgt.in/assets/coverage/Feb10/270210/HBL_270210_Pg17.jpg ...
25/02/2010 Auto awaits right signals - Hindu Business Line
Indian auto industry is the third highest growth market in the world in 2009 after China and Germany, notes Mohan Ramakrishna, Partner, Walker Chandiok & Co during a recent pre-budget email interaction with Business Line. http://www.wcgt.in/assets/coverage/Feb10/250210/HBL_250210_Pg9_MohanR...
20/02/2010 Confer Industry status - Hindu Business Line
The Indian real estate sector plays a significant role in the country’s economy and is second only to agriculture in terms of employment generation , and contributes heavily to the GDP , reminds David Jones , Partner, Assurance, Walker, Chandiok & Co. http://www...
18/02/2010 Need for PPP in healthcare delivery and education - Hindu Business Line
Public-private partnership or PPP is what Mahad Narayanamoni, Partner, Corporate Finance, Grant Thornton, considers should be the top priority of the forthcoming Budget. And, in the set of ‘nice-to-haves’ that he shares with Business Line over the email, as...
18/02/2010 Needed, \'a bold economic policy’ - Hindu Business Line
The recent slowdown allows a major re-think in our macroeconomic policies, says a contemplative Sanath Ramakrishna, who heads the South India Tax and Regulatory Services Practice of Grant Thornton India with specialisation in international tax. “Economic developmental...
12/02/2010 India Inc set to trigger M&A boom in 3 years - Economic Times
"The PHBs are showing the real signs of optimism both in their belief that the upturn has already started or is about to do so, and in their confidence that traditional routes of trade and financial buyers are once again open," Grant Thornton India partner...
10/02/2010 The next green revolution - CFO India
“I believe the world is going in that direction and it’s only a matter of when, not if, something like this will become mandatory,” says Vishesh Chandiok, national managing partner of Grant Thornton in India. http://www.wcgt.in/assets/coverage/Feb10/100210/CFOIndia_Janissue_VCC...
02/02/2010 PE deals in India dip 68%: Grant Thornton - Economic TImes
According to a report by global consultancy firm Grant Thornton, there were 206 deals in 2009 with a total announced value of $3.44 billion, a fall of 68% from the year ago period when as many as 312 deals worth $10.59 billion were announced. http://www.wcgt...
09/01/2010 Disqualify Audit Qualifications? - Moneycontrol.com
Vishesh Chandiok, Managing Partner, Grant Thornton says, “I think the current standards contain guidance and examples on what sort of wording can be used. There is some flexibility that is permitted within the standards and I don’t think that flexibility should...
01/01/2010 Mergers, acquisitions likely to improve in 2010 - Hindu Business Line
Interview with CG Srividya – Partner, Specialist Advisory Services. She feels that corporates will be back on track with enough liquidity in the system. Grant Thornton tracks M&A deals and fund raising programmes of Indian companies on a monthly basis. http://www...
01/01/2010 Deal values will rise further - Business Standard
Interview with Harish HV – Partner, National Management on PE activity for 2009. http://www.wcgt.in/assets/coverage/Jan/010110/BS_010110_Pg7.jpg ...
16/12/2009 Despite second-half revival, PE deals and M&As decline in 2009 - Financial Express
CG Srividya, partner, specialist advisory services, Grant Thornton India, said, "The year 2009 has been a year of introspection for Indian deal makers. It has been a year that witnessed economic uncertainties. The year has also seen significant consolidation...
19/11/2009 Cash-strapped family companies seek PE support - Economic Times
“Such buyouts happen mostly in sectors where there is potential for high growth, which private equity funds like, and there is scope for consolidation,” said Grant Thornton corporate finance partner Mahadevan Narayanamoni. “This trend is also evident in market...
11/11/2009 VCs may no longer shy away from SMEs - Economic Times
“Actual investments into SMEs may be a miniscule portion of overall venture capital investments. VC firms will restart seed and growth funding once they are assured of a profitable exit option. If implemented in true spirit, we could see several investment...
27/10/2009 Local stock rally takes AIM at Indian DRs - Economic Times
According to Grant Thornton, partner, Harish HV, promoters are looking at possibilities of an overseas listing to meet working capital needs." The hitch is who will take the first step. A few good listings will ignite the trend of overseas listing," Mr. Harish...
02/10/2009 India Inc seeks more time for IFRS shift - Financial Express
Sai Venkateshwaran,Head of IFRS and partner, assurance, at Grant Thornton said that top chartered accountant firms like Ernst&Young, PricewaterHouse Coopers and Grant Thornton are involved in deploying their staff to Indian companies for training."IFRS needs...
01/09/2009 Low valuations will spur PE activity: Grant Thornton - Business Standard
With most financial markets witnessing a slowdown which has resulted in more reasonable valuations, corporate houses and private equity players believe that the current valuations would result in increased merger and acquisition (M&A) activity in the coming...
12/08/2009 Rise in M&A, PE activity shows recovery:report - Times of India
:Though India Inc appears to be taking a pause to consolidate itself and digest all the mergers it did over the past four years , there are clear signs of a surge in inbound transactions as global corporates look for opportunities here," said Harish HV, partner,...
15/06/2009 Micromax looking to dilute minor stake - Economic Times
Grant Thornton is the stragtegic advisor which had done the valuation of the company http://www.wcgt.in/assets/coverage/June09/150609/ET_150609_Pg4.jpg...
30/04/2009 Accounting for volatility - Financial Express
Sai Venkateshwaran, partner, Grant Thornton, feels the amendment will have only a temporary impact as companies would anyway report numbers under IFRS from 2011, wherein the balance in the foreign currency Monetary Item Translation Difference account doesnt...
22/04/2009 M&As look up again after 5 mths - Econmic TImes
"One of the key reasons for the surge in deal values in March is increase in consolidation and reorganisation of activities,"said Grant Thornton partner CG Srividya. http://www.wcgt.in//assets/coverage/April/220409/ET_220409_Pg15_Mumbai.jpg...
09/04/2009 Restructuring the new mantra - Business India
Harish HV partner at Grant Thornton points out that this time is as good a time to do restructuring within the group." It is easier to do it now,"he says, adding that the lower valuations would not only reduce the cost burden of capital gains , but also result...
31/03/2009 Shaping up in slowdown times - Financial Express
According to Grant Thornton, the total value of deals (M&A and PE) announced in the calendar year 2008 and was $41.54 billion as against $ 70. 14 billion and $28.16 billion in 2007 and 2006 respectively. http://www.wcgt.in/assets/coverage/310309/FE_310309_Pg86_clip1...
29/03/2009 Capitalise on losses: Save on capital gains - Economic Times
Once done, if you have made profits on certain assets (as a result of which you are liable to pay tax), then you must evaluate the performance of your short-term assets. "If these assets are, in any case, not likely to fetch a profit in the foreseeable future,...
27/03/2009 Cash in listed company is no personal asset - Business Standard
Grant Thornton and FICCI have just finished talking to a clutch of midmarket-listed smaller companies on the subject. The findings are politically correct. Most companies say they see significant value in adopting the corporate governance practices prescribed,...
26/03/2009 India Inc lacks director policy - Deccan Chronicle
The mid level companies in India lack an autonomous process to appoint independent directors, finds FICCI – Grant Thornton study http://www.wcgt.in/assets/coverage/260309/DC_260309_Pg13.jpg...
26/03/2009 India Inc says Clause 49 sound enough - Hindustan Times
In a survey by industry chamber FICCI and consulting firm Grant Thornton of 500 companies outside the top 100 firms, 84% of corporates said the clause’s benefit also extend to processes and controls http://www.wcgt.in/assets/coverage/260309/HT_260309_Pg17Mum_Pg24Delhi...
26/03/2009 India Inc says Clause 49 sound enough - Hindustan Times
In a survey by industry chamber FICCI and consulting firm Grant Thornton of 500 companies outside the top 100 firms, 84% of corporates said the clause’s benefit also extend to processes and controls http://www.wcgt.in/assets/coverage/260309/HT_260309_Pg17Mum_Pg24Delhi...
26/03/2009 Independent directors should be limited to 5 boards: Study - Pioneer
A study jointly conducted by Ficci and Grant Thornton on Wednesday suggested that professionals should not be allowed to sit on boards of more than five companies. http://www.wcgt.in/assets/coverage/260309/Pioneer_260309_Pg10.jpg...
26/03/2009 Heady Medicine - Telegraph
A recent study by CII and Grant Thornton India – the Indian arm of Grant Thornton International, the accountancy and consultancy major – backs such enthusiasm. It found that the Indian healthcare industry is largely insulated from the global recession and slowdown...
26/03/2009 Independent directors: Clause 49 is fine, bug lies in appointments - Business Standard
According to the Grant Thornton-Ficci ‘CG Review 2009: India 101-500’ survey, 84% of the respondents said compliance with Clause 49 enhances the perceptions of their stakeholders on the conduct of the company’s business. This is possibly also an indication...
24/03/2009 Oracles be damned - Business & Economy
The ‘secret to success’ was revealed by Pankaj Karna, Partner & Head, M&A , Grant Thornton as, “ To focus on strengths and core competencies and your target. Price of the deal is also important as typically deals during a downturn would largely based on the...
24/03/2009 Au revoir to the M&A boom? Not in India! - Business & Economy
Grant Thornton Deal Tracker 2008 data tables covered http://www.wcgt.in/assets/coverage/240309/B&E_240309_Pg76.jpg...
24/03/2009 Mama says, don’t go by looks - Business & Economy
CG Srividya, Partner, Specialist Advisory Services at Grant Thornton, said, “Some of the merger objective were immediate – for example larger distribution network, more branches, bigger portfolio of customers larger asset base, el al – these were achieved upon...
24/03/2009 Auditors start gearing up firms on IFRS - Daily News & Analysis
Grant Thornton, which released its first survey of companies on IFRS on Thursday, said, "Despite all the concerns that majority of the respondents have on various issues relating to India's transition to IFRS, majority of Indian entities feel they are prepared...
23/03/2009 ‘Impairment’ loss may come under Indian GAAP accounting - Hindu Business Line
CG Srividya, Partner, Specialist Advisory Services at Grant Thornton, said, “This assessment has not done so far because things were well going. Companies ignored it and auditors did not look at it. There were no reason earlier to believe that the value of...
23/03/2009 DLF to buy SEZ arm - Business Standard online,
The group has appointed Citibank, Ernst & Young and Grant Thornton India as advisors to the transaction. http://www.business-standard.com/india/news/dlf-to-buy-sez-arm/352635/...
21/03/2009 Empowering Enterprising Women - Business Today
Recently, a Grant Thornton International study also showed that in India only 15 percent women hold senior management positions in privately held businesses with Chennai topping the list at 22 percent followed by Delhi(18). http://www.wcgt.in/assets/coverage/210309/BT_210309_Pg20.jpg...
21/03/2009 ‘Many fish in the ocean, but which is the best one’ - Business & Economy
Pankaj Karna, Partner,M&A at Grant Thornton India, said, ‘Downturn M&A should work if companies leverage on their core business strengths. The critical aspects in an M&A sustain and unlock the synergies for which an acquisition is undertaken. Some aspects,...
20/03/2009 Dabur retail chain on the block - Economic Times
The company has mandated Grant Thornton to get a buyer for its retail venture - ' New -U'. The venture has been struggling due to slow growth and exits top brass. http://www.wcgt.in/assets/coverage/200309/ET_200309_Pg1_Mum.jpg http://www.wcgt.in/assets/coverage/200309/ET_200309_Pg5...
17/03/2009 New a/c standard deadline may not be feasible - Times of India
Sai Venkateshwaran , partner & IFRS practice leader in consultancy firm Grant Thornton India, said, “ In addition to consulting for IFRS , another 40,00 CAs are required in the auditing and accounting space of IFRS . So there is a minimum requirement of over...
13/03/2009 No momentum in M&A – BS 1000 - BS 1000
Grant Thornton data tables mentioned. According to Dhanraj Bhagat, partner, Grant Thornton, with companies trapped in cash, it would make sense for them to hive off all unrelated businesses, free up cash and use it for their core operations. http://www.wcgt...
13/03/2009 M&As, PE deals dip by over 60% in two years - Economic Times
As per data compiled by advisory firm Grant Thornton, the total number of M&As in the January-February period has come down to 35 from 99 last year. In the same period, the value of M&A deals announced has come down from $4.5 billion to $1.2 billion. Grant...
12/03/2009 India Inc upbeat on jobs: Grant Thornton - NDTV Profit
"About 44 per cent businesses in India expect an increase in employment opportunities in the ensuing 12-months, while 16 per cent believe that employment opportunities would decrease and the rest (40 per cent) expect it to remain unchanged," the Grant Thornton...
12/03/2009 44% Indian businesses expect job rise in one yr - Economic Times
"About 44 per cent businesses in India expect an increase in employment opportunities in the ensuing 12-months, while 16 per cent believe that employment opportunities would decrease and the rest (40 per cent) expect it to remain unchanged," the Grant Thornton...
07/03/2009 Women hold less than a quarter of sr positions: Grant Thornton - Economic Times online
According to Grant Thornton's International Business Report on Women in management positions, the greatest percentage of women in senior management is in the Philippines where women hold 47% of senior positions. Commenting on the trend Karishma R Phatarphekar,...
07/03/2009 It’s a man’s corp world - Economic Times
"Though an increasing number of women are in senior most positions today, it’s still male dominated at the top since most women have to cope with multi tasking,” Grant Thornton India partner Karishma Phatarphekar said. http://www.wcgt.in/assets/coverage/070309/ET_070309_Pg4...
07/03/2009 Men rule boards, Indian woman lag - Hindustan Times
There has been no change in the global average presence of woman in senior management since 2007, says a study by Grant Thornton India, despite its surging economy and high growth, its among the lowest in the ranking of nations based on the share of women in...
07/03/2009 Cash-swap acquisitions become popular in early-stage ventures - Mint
“Although overall deal flow is lesser, we are seeing a high proportion of such deals,” says Harish H.V., partner, national management, Grant Thornton India. “Given the liquidity issues in the market, it is less risky, because you are telling all shareholders...
06/03/2009 85% firms face talent crunch: Thornton - UTVi
According to Grant Thornton's India Market Attrition and Retention Study (IMARS), domestic organisations are still facing a significant shortage of "the right talent". Around 85% of organisations participating in the study expressed that they have been facing...
06/03/2009 85% Indian firms still facing talent crunch: Thornton - Hindustan Times
According to Grant Thornton's India Market Attrition and Retention Study (IMARS) domestic organisations are still facing a significant shortage of "the right talent". Around 85 per cent of organisations participating in the study expressed that they have...
06/03/2009 Indian organisations face acute shortage of talent: Grant Thornton - Indiainfoline.com
Amidst the current economic scenario, attrition may not be an immediate issue, the India Market Attrition and Retention Study (IMARS) 2008-09: Human Capital – the critical enabler, undertaken by Grant Thornton India, brings forth significant facts and analyses...
06/03/2009 Attrition highest in pharma firms -Thornton study reveals 85 per cent companies are still looking for right talent - Financial Chronicle
According to a survey released by global consultancy firm, Grant Thornton, the attrition rate in India Inc continues to be very high. Leading the race with highest attrition rate in India is pharmaceutical sector. The India Market Attrition and Retention Study...
06/03/2009 85% Indian firms still face talent crunch - Financial Express
As much as 85% of Indian companies are facing shortage of skilled manpower, a survey by global consultancy firm Grant Thornton says. According to Grant Thornton's India Market Attrition and Retention Study (IMARS) domestic organisations are still facing a...
06/03/2009 85% Indian firms still face talent crunch: Thornton - Business Standard
According to Grant Thornton's India Market Attrition and Retention Study (IMARS) domestic organisations are still facing a significant shortage of "the right talent". Around 85 per cent of organisations participating in the study expressed that they have...
06/03/2009 Got talent? Take that job - Indian Express
As much as 85% of Indian companies are facing shortage of skilled manpower, a survey by global consultancy firm Grant Thornton says. According to Grant Thornton's India Market Attrition and Retention Study (IMARS) domestic organisations are still facing a...
04/03/2009 Going slow - Business India
“Private equity is continuing the slow pace of activity that was seen in the last quarter of 2008. It could be another five – six months before the deal activity starts showing significant momentum,” points out CG Srividya, partner, specialist advisory services,...
02/03/2009 Mr. Shantanu Prakash, Chairman & Managing Director, Educomp Solutions Ltd - Indianinfoline.com
We engaged Grant Thornton to arrive at a valuation for Educomp’s investment into the company. http://www.wcgt.in/assets/coverage/020309/indiainfoline.com.doc ...
01/03/2009 Family reunion - Economic Times
According to Vishesh Chandiok – national managing partner, Grant Thornton, the only cases where a reunion may be possible, is where ownership of the businesses is still joint but management was spilt, and at least one of the businesses is professionally managed....
28/02/2009 New norms to prevent backdoor entry of FDI into restricted sectors - Financial Express
“Press note 4 of 2009 lends clarity on who needs to take approval from FIPB. There is also clarity on the meaning of an investing company, operating company and downstream investment,” said Pallavi Bakhru, Partner, Grant Thornton. ...
27/02/2009 Indian businesses better placed - Financial Express
Privately held businesses in India are likely to see an increase in employment opportunities this year but there will be modest increase in salary levels, even as the situation across the world looks bleak , says the International Business Report from global...
26/02/2009 44 percent companies plan to increase hiring - Financial Chronicle
Research from global consultancy firm Grant Thornton International Business Report reveals that 44 per cent businesses in India expect an increase in employment opportunities in the ensuing 12 months and on an average, 60% of businesses in India are likely...
26/02/2009 No pay hikes for 1/5th of private businesses: Grant Thornton - Indiainfoline.com
Employees at nearly one fifth of privately held businesses (PHBs) around the world could see no salary increases in the year ahead. Research from the Grant Thornton International Business Report reveals that 21% of businesses plan to offer no pay rise in 2009...
26/02/2009 No pay hikes for one fifth of privately held businesses in 2009 - Economic Times online
The Grant Thornton report reveals further that the gloomiest salary predictions come from Asia Pacific where 29% of PHBs will offer no pay rise in 2009. Asia Pasific is job a market where labour is still plentiful and there has been a fall in demand for skilled...
26/02/2009 Indian pay pinch less than world average - Hindustan Times
Pay packets are being pinched in the economic slowdown but the plight of Indian employees is better than the global average, says a survey by Grant Thornton. ...
26/02/2009 Inflation may eat into pay hikes - Indian Express
60% of private businesses in India are likely to increase their salaries, but in like with inflation. With inflation softening every week, these hikes may not come to much, says the Grant Thornton International Business Report. http://www.wcgt.in/assets/coverage/assets/coverage/260209/IE_260209_Pg17...
26/02/2009 2% tax cut to make professional services cheaper; no effect on BPOs, KPOs - Financial Express
Grant Thornton in the consultancy space and MaFoi – head hunter firm however include service tax in their billing. http://www.wcgt.in/assets/coverage/assets/coverage/260209/FE_260209_Pg4_Kol.jpg ...
26/02/2009 Indirect Tax Flash by Grant Thornton India - Indiainfoline.com
The Interim Budget announced by the acting Finance Minister Pranab Mukherjee received a lukewarm response from the industries and the general public at large - By Grant Thornton India ...
24/02/2009 Gaining momentum - Business World
Management says the valuation done by Grant Thornton is fair, and that no shareholder approval is required for divestment decision http://www.wcgt.in/assets/coverage/240209/BW_240209_Pg46.jpg ...
24/02/2009 A raw deal - Financial Express
Total number of M&A deals announced in January 2009, according to global consultancy firm Grant Thornton http://www.wcgt.in/assets/coverage/240209/FE_240209_Pg4.jpg ...
24/02/2009 India – Focus M&A dip 49 PC in 2009 Ltd - Financial Express,
According to another global consultancy firm, Grant Thornton, the total number of M&A deals announced in January 2009 stood at 18 with a total announced value of $970.85 million against 63 deals amounting to $1.66 billion in January 2008. http://www.wcgt.in/assets/coverage/240209/FE_240209_Pg13...
23/02/2009 Infy plans to acquire cos in Europe - Economic Times
According to Grant Thornton, the cross border merger & acquisitions involving Indian IT and IT enabled companies increased by nearly 12 % between January and December 15, 2008 to $ 3.22 billion in 2007....
23/02/2009 Indian Executives Report Pledging Shares to Secure Funds - Wall Street Journal
A sharp enough drop in a stock's price can prompt edgy lenders to sell shares, diluting the principal shareholders' holdings dramatically. "When the lender starts selling the shares in the open market, that's the problem," says Vishesh Chandiok, national...
23/02/2009 India focus M&A dips 49% in 2009 YTD - Dealogic
"M&A activity has slowed down in January 2009 compared to January 2008 in terms of both deal value and volume. However, it is higher than the values in December 2008 and has shown a reasonable amount of traction, considering the current economic situation,"...
23/02/2009 ‘India focus M&A dips 49 pct in 2009’ - Financial Express online
"M&A activity has slowed down in January 2009 compared to January 2008 in terms of both deal value and volume. However, it is higher than the values in December 2008 and has shown a reasonable amount of traction, considering the current economic situation,"...
21/02/2009 Piramal Healthcare, R&D entity could be bundled - Financial Express
Harish HV, Partner, Grant Thornton, said, “If the company wants to be sold out, they would prefer exiting from the entire segment. If the generic business is to be sold out, the R&D entity, which is a more risky business, need not be kept with Piramal.” ...
21/02/2009 Slim pickings - Outlook Business
Grant Thornton deal tables mentioned http://www.wcgt.in/assets/coverage/210209/OutlookBusiness_210209_Pg21.jpg...
19/02/2009 Satyam \"strong wake-up call\" for auditors: Grant Thornton - Economic Times online
"The ramification of the Satyam incident was a kind of a strong wake-up call for the auditing industry. The auditors have started to ponder as to what ought to have been done to avoid the fraud ...," Grant Thornton global head of forensic services David Medland...
18/02/2009 Siemens faces Investor ire - Economic Times
The valuation of the company was conducted by Grant Thornton http://www.wcgt.in/assets/coverage/180209/ET_180209_Pg1.jpg...
18/02/2009 M&A, private equity to see sharp fall - Financial Chronicle
Speaking to Financial Chronicle, Pankaj Karna, partner & Head, Grant Thornton, who tracks M&A and PE activity in India, said, “ Due to an acute slowdown there is going to be moderation in PE activity in India in the coming year. This could go on till mid 2010...
18/02/2009 Ban on foreign airline FDI in domestic carriers to remain - Financial Express
“ The detailed guidelines mean that the ban on FDI in the commercial airlines sector continues despite the liberalized norms.Sicne there is no scope for any interrogation , no foreign airline will enter the sector through the indirect route,” said Pallavi Bakhru,...
18/02/2009 Deja Vu? - Outlook profit
To allay investor concerns, Educomp has unveiled a ‘corporate governance roadmap’ which includes the likely appointment of Grant Thornton as internal auditors and statutory auditor of Eduinfra and Edumanage http://www.wcgt.in/assets/coverage/180209/OutlookProfit_180209_Pg20...
17/02/2009 Educomp appoints new internal auditor - Business Standard
Educomp solutions said on Monday it has appointed Grant Thornton as internal auditor of the current financial year http://www.wcgt.in/assets/coverage/170209/BS_170209_Pg2.jpg ...
17/02/2009 Grant Thornton is Educomp auditor - Hindu Business Line
IT education solutions provider Educomp solutions said on Monday it has appointed Grant Thornton as internal auditor of the current financial year http://www.wcgt.in/assets/coverage/170209/HBL_170209_Pg2.jpg ...
17/02/2009 Educomp appoints new internal auditor - Mint
IT education solutions provider Educomp solutions said on Monday it has appointed Grant Thornton as internal auditor of the current financial year http://www.wcgt.in/assets/coverage/170209/Mint_170209_Pg10.jpg ...
16/02/2009 Ram S Ramasundar appointed in Grant Thornton - Asian Age
Ram S Ramasundar has been appointed partner, specialist advisory services at Grant Thornton India http://www.wcgt.in/assets/coverage/160209/AA_160209_Pg17.jpg ...
16/02/2009 Things will start looking up by year end - Business Standard
We will initiate a survey along with accounting and auditing firm Grant Thornton to study the role of independent directors. http://www.wcgt.in/assets/coverage/160209/BS_160209_Pg2.jpg ...
16/02/2009 Ram S Ramasundar appointed in Grant Thornton - Deccan Chronicle
Ram S Ramasundar has been appointed partner, specialist advisory services at Grant Thornton India http://www.wcgt.in/assets/coverage/160209/DC_160209_Pg14.jpg ...
16/02/2009 Yes Bank to close clean energy fund by June - Financial Express
CG Srividya, partner, Specialist Advisory Services, Grant Thornton says, “Private equity is continuing the slow pace of activity that was seen in the last quarter of 2008. It could be another 5 – 6 months before the deal activity starts showing a significant...
16/02/2009 Peer pressure can help raise corporate governance bar - Hindu Business Line
The survey which is conducted in collaboration with advisory firm Grant Thornton, will also act a collective community pressure among the companies to comply with the norms of corporate governance, while raising the level of awareness. http://www.wcgt.in/assets/coverage/160209/HBL_160209_Pg3...
13/02/2009 M&A deals registers sharp fall in \'09 - Economic Times online
There were no IPOs in January, the Grant Thornton report added. http://www.wcgt.in/assets/coverage/130209/ET online.doc ...
13/02/2009 Deal street at 3 yr low in January - Economic Times
There were 32 M&A and PE deals worth $1.1 billion against 120 transactions valued at $3.1 billion in January 2008, as per data complied by advisory firm Grant Thornton. Grant Thornton, Partner- Specialist Advisory Services, CG Srividya said, “ Private equity...
13/02/2009 Changes in FDI policy will not allow backdoor - Financial Express
“Lots of industries like aviation, telecom, insurance, defence, media and retail were struggling because of existing FDI restrictions. But due to the new norms, these sectors will get a boost,” said Pallavi Bakhru , Partner ( Tax & Regulatory Services), Grant...
13/02/2009 Deal street at 3 yr low in January - Economic Times
There were 32 M&A and PE deals worth $1.1 billion against 120 transactions valued at $3.1 billion in January 2008, as per data complied by advisory firm Grant Thornton. Grant Thornton, Partner- Specialist Advisory Services, CG Srividya said, “ Private equity...
13/02/2009 Changes in FDI policy will not allow backdoor - Financial Express
“Lots of industries like aviation, telecom, insurance, defence, media and retail were struggling because of existing FDI restrictions. But due to the new norms, these sectors will get a boost,” said Pallavi Bakhru , Partner ( Tax & Regulatory Services), Grant...
12/02/2009 Pharmaceuticals - Pharma cos on lookout for Indian drug firms - Economic Times
Between 2006-08, Indian companies acquired 95 companies in the pharma and healthcare space spending more than $3.5 billion, as per data compiled by advisory firm Grant Thornton. http://www.wcgt.in/assets/coverage/120209/ET online.doc ...
11/02/2009 Ramasundar is Grant Thornton partner - Business Standard
Grant Thornton has formally appointed Ram S Ramasundar as partner of specialist advisory services. http://www.wcgt.in/assets/coverage/110209/BS_110209_Pg1.jpg ...
11/02/2009 Foreign investment bankers turning towards India for growth prospects - Hindu Business Line
According to global consulting firm Grant Thornton’s annual Deal Tracker, the number of M&A deals announced in 2008 fell to 445 from 676 in 2007. The value fell from $5. 11 billion in 2007 to $ 30.72 billion in 2008. http://www.wcgt.in/assets/coverage/110209/HBL_110209_Pg10...
10/02/2009 PE deals hit a rough patch - Telegraph
According to Grant Thornton India, the value of deals was $ 10.59 billion against $19.03 billion in 2007. The average value declined to $33.93 million from $46. 99 million in 2007. http://www.wcgt.in/assets/coverage/100209/Telegraph_100209_Pg10.jpg ...
09/02/2009 Sunil Jain: Guilty till proven innocent - Business Standard
Since the company has suffered a clear image problem, it will work the investor and media circuit for a while (‘Sorry, Mr Principal, I can’t meet you since I’ve got to meet Mr Editor’!); it’ll also do the usual things required to fix the optics. It’s hired...
09/02/2009 Educomp to alert investors before any stake sale - Financial Chronicle
On Feb 3, it appointed Grant Thornton as internal auditor and said it would work with the government and regulators to reinstate credibility of the firm. http://www.wcgt.in/assets/coverage/090209/FC_090208_Pg5.jpg ...
09/02/2009 Investor defaults hit private equities - Economic Times
The number of PE deals between January and November had an announced value of $10.11 billion against $15.73 billion in the year-ago period, according to Grant Thornton. http://www.wcgt.in/assets/coverage/090209/ET_090209_Pg1.jpg http://www.wcgt.in/assets/coverage/090209/ET_090209_Pg13...
09/02/2009 Inside the secret world of auditing - Business Today
BDO and Grant Thornton are globally #5 and #6 – often they switch positions. Grant Thornton is present in India through Walker Chandiok & Co and BDO through BDO Haribhakti & Co. Says Vishesh Chandiok, Managing Partner of Grant Thornton in India: “A collusive...
09/02/2009 When Small is Big - Business Today
Grant Thornton, which has a similar structure to the big Four but is much smaller, has an audit business that accounts for half of the total pie. http://www.wcgt.in/assets/coverage/090209/BT_22Febissue_Pg65.jpg ...
09/02/2009 Educomp to alert investors before any stake sale - Financial Chronicle
On Feb 3, it appointed Grant Thornton as internal auditor and said it would work with the government and regulators to reinstate credibility of the firm. http://www.wcgt.in/assets/coverage/090209/FC_090208_Pg5.jpg ...
09/02/2009 Investor defaults hit private equities - Economic Times
The number of PE deals between January and November had an announced value of $10.11 billion against $15.73 billion in the year-ago period, according to Grant Thornton. http://www.wcgt.in/assets/coverage/090209/ET_090209_Pg1.jpg http://www.wcgt.in/assets/coverage/090209/ET_090209_Pg13...
09/02/2009 Inside the secret world of auditing - Business Today
BDO and Grant Thornton are globally #5 and #6 – often they switch positions. Grant Thornton is present in India through Walker Chandiok & Co and BDO through BDO Haribhakti & Co. Says Vishesh Chandiok, Managing Partner of Grant Thornton in India: “A collusive...
09/02/2009 When Small is Big - Business Today
Grant Thornton, which has a similar structure to the big Four but is much smaller, has an audit business that accounts for half of the total pie. http://www.wcgt.in/assets/coverage/090209/BT_22Febissue_Pg65.jpg ...
09/02/2009 Some don’t like it big - Business Today
Walker Chandiok & Co is a member firm of Grant Thornton International, which is amongst the top 5 auditing firms in the world. http://www.wcgt.in/assets/coverage/090209/BT_22Febissue_Pg68.jpg ...
09/02/2009 The bloodhounds of bookkeeping - Business Today
Anil Roy, Partner & Head of Forensic and Investigation Services at Grant Thornton would have handled at least 500 cases of accounting – related fraud in his professional life. Roy says that the nature of fraud in India has undergone a change. Earlier, cases...
08/02/2009 Road ahead for private equity - Hindu Business Line
According to Grant Thornton India, the total number of private equity deals announced in 2008 was lower, at 312, with the total announced value at $10.59 billion, compared to the 405 deals with an announced value of $19.03 billion in 2007. http://www.wcgt.in/assets/coverage/080209/HBL...
08/02/2009 Follow the money - Hindu Business Line
Data provided by Grant Thornton India http://www.wcgt.in/assets/coverage/080209/HBL online.doc ...
06/02/2009 India Inc’s fund raising vis IPO in 2008 dips to 3 yr low - Financial Express
Grant Thornton data tables mentioned http://www.wcgt.in/assets/coverage/060209/FE_060209_Pg4.jpg ...
05/02/2009 IPO activity dips to 3 yr low in ‘08 - Financial Chronicle
Capital mobilization through IPOs witnessed a fall both in terms of volume and value as only 44 transactions worth $4508.85 million were announced, global consultancy firm Grant Thornton said http://www.wcgt.in/assets/coverage/050209/FC_050209_Pg4.jpg ...
05/02/2009 India Inc\'s fund raising via IPO dips in 2008 - Hindu Business Line
Capital mobilisation through IPOs witnessed a fall both in terms of volume and value as only 44 transactions worth $ 4508.85 million were announced, global consultancy firm Grant Thornton said. http://www.wcgt.in/assets/coverage/050209/HBL online.doc ...
04/02/2009 Educomp welcomes inquiry into accounts - Mint online
The firm informed BSE that it will appoint global consultancy firm Grant Thornton as internal auditor of the company. http://www.wcgt.in/assets/coverage/040209/Mint.doc ...
04/02/2009 Educomp to work with Govt to prove credibility. To appoint Grant Thornton as internal auditor - Hindu Business Line
“We are actively working on a slew of initiatives to further enhance Educomp’s corporate governance, transparency and disclosure standards. We will be announcing the appointment of Grant Thornton as internal auditors shortly,” Mr Shantanu Prakash, Managing...
04/02/2009 Educomp tanks 12% on probe reports - Business Standard
The company also announced the appointment of global consultancy firm Grant Thornton as internal auditors for the company to reinstate credibility in the firm. http://www.wcgt.in/assets/coverage/040209/BS.doc ...
04/02/2009 Market stuck in a range - Indiainfoline.com
According to reports, the company would appoint global consultancy firm Grant Thornton as internal auditor of the company. http://www.wcgt.in/assets/coverage/040209/Indiainfolone.com.doc ...
04/02/2009 India focused PEs to raise $24 billion in 2009 - Business Standard
“In 2008, PE investments in India were close to $10 billion, but the total amount raised for 2008 would be 2-3 times of what has been invested. Besides, India is a growth story while everywhere else, there is recession,” said C G Srividya, Partner, Specialist...
29/01/2009 India’s PHBs have better access to finance - Financial Express
“Such companies are possibly benefiting from their banks improves support mechanisms or good customer relationship management or a combination of both, even at a time when funding is so scarce,” Grant Thornton National Markets Leader Monish Chatrath said. Chatrath,...
29/01/2009 M&As will continue to grease core business strategy in 2009 - Financial Express
Article by Harish HV- Partner, National Management, Grant Thornton India http://www.wcgt.in/assets/coverage/290109/FE_290109_Pg3.jpg ...
29/01/2009 Indian firms least worried about finance availability - Indian Express
“Such companies are possibly benefiting from their banks’ improved support mechanisms or good customer relationship management, or a combination of both, even at a time when funding is so scarce,” said Monish Chatrath, National Markets Leader at Grant Thornton...
29/01/2009 When capital gets Adventurous - Economic Times
According to Grant Thornton, telecom garnered the highest value with deals totaling in excess of $5.7 billion and averaging approximately $385 million per deal during 2008. http://www.wcgt.in/assets/coverage/290109/ET_290109_Pg4_clip1.jpg http://www.wcgt...
29/01/2009 PHBs at mercy of lenders: Grant Thornton - Indiainfoline.com
Monish Chatrath, National Markets leader at Grant Thornton also states that, “such companies are possibly benefiting from their banks' improved support mechanisms or good customer relationship management, or a combination of both, even at a time when funding...
29/01/2009 Ideas for venture capitalist to beat the economic slowdown - Economic Times online
According to Grant Thornton, telecom garnered the highest value with deals totaling in excess of $5.7 billion and averaging approximately $385 million per deal during 2008. http://www.wcgt.in/assets/coverage/290109/ETonline.doc ...
29/01/2009 Indian firms least worried about finance availability - Indian Express.com
“Such companies are possibly benefiting from their banks’ improved support mechanisms or good customer relationship management, or a combination of both, even at a time when funding is so scarce,” said Monish Chatrath, National Markets leader at Grant Thornton....
29/01/2009 India\'s PHBs have better access to finance than global peers - Hindu.com
"Such companies are possibly benefiting from their banks' improved support mechanisms or good customer relationship management, or a combination of both, even at a time when funding is so scarce," Grant Thornton National Markets leader Monish Chatrath said. http://www.wcgt.in/assets/coverage/290109/Hindu.doc...
24/01/2009 New US mkt deals bring ray of hope for IT cos’ otherwise grim Q3 results - Financial Express
“The US is the largest market for Indian IT industry and contributes around 60 - 61 % to the total revenues of the industry. The ratio will not change in the short term. However, the crisis has promoted IT companies to look at new emerging markets more seriously,”...
23/01/2009 PE deals drop 23% to $ 10.59 b in ’08 - Economic Times
There were 312 deals in 2008 with a total announced value of $ 10.59 billion compared with 405 deals with an announced value of $ 19.03 billion in 2007, according to Grant Thornton’s latest annual issue. "Over the year, India Inc has shown its resilience by...
23/01/2009 No fronts for global accounting firms - Indian Express
At present, multinational management consultants, including the Big Four, have multiple Indian affiliates to help them carry out accounting and auditing business in the country. BSR & Co carries out the accounting and auditing business for KPMG while Lovelock...
23/01/2009 PE deals by Indian firms fall 23% to $10bn in ‘08 - Mint
There were 312 deals in 2008 with a total announced value of $ 10.59 billion compared with 405 deals with an announced value of $ 19.03 billion in 2007, according to Grant Thornton’s latest annual issue. http://www.wcgt.in/assets/coverage/230109/Mint_230109_Pg9...
23/01/2009 India inks $41bn deals in 2008 - Times of India
CG Srividya partner Specialist Advisory Services, Grant Thornton says, “It is noteworthy that the deal traction on M&A last year has been good and stable in all quarters, irrespective of the volatility in economy and market. After several years, we have seen...
23/01/2009 PE deals decline 23pc in 2008 - Tribune
There were 312 deals in 2008 with a total announced value of $ 10.59 billion compared with 405 deals with an announced value of $ 19.03 billion in 2007, according to Grant Thornton’s latest annual issue. http://www.wcgt.in/assets/coverage/230109/Tribune_230109_Pg14...
23/01/2009 Indian SMEs deserve much better in IT support - PC Magazine
Article by Anish Tripathi – Partner, Markets & Strategic Services, Grant Thornton http://www.wcgt.in/assets/coverage/230109/PC_230109_46.pdf ...
23/01/2009 PE flow hits - Financial Express
Grant Thornton PE table explained http://www.wcgt.in/assets/coverage/240109/FE_240109_Pg4.jpg ...
22/01/2009 Currency swings dampens IT mood - Financial Express
“In these market conditions where it’s difficult to predict which way the currency will move, the wisdom is in taking hedges that are not too long term”, says Rajagopal S, Partner, M&As, Grant Thornton India http://www.wcgt.in/assets/coverage/220109/FE_220109_Pg8_clip1...
21/01/2009 India Inc went slow on M&A in 2008; 2009 looks promising - Economic Times
"We expect that M&A activity in 2009 will continue to exhibit healthy levels of activity. In the current M&A scenario, there will be more encouragement for consolidation and profitability than for improving scale of operations," Grant Thornton's CG Srividya...
21/01/2009 M&A and PE deals worth US$41.54bn in 2008: Grant Thornton - Indiainfoline.com
M&A and Private Equity investment in India has seen consistent activity in 2008 despite the recent turn of events in the global financial markets. http://www.wcgt.in/assets/coverage/210109/Indiainfoline.com.doc ...
21/01/2009 2009 to offer significant M&A opportunities - Economic Times
"The year 2008 has presented both challenges and opportunities. History has taught us that economic and business cycles are inevitable. We feel that the year ahead (2009) will offer significant deal making opportunities to companies that innovate, consolidate...
21/01/2009 Adapting valuation approaches for changing business models - Global CEO
Article contributed by CG Srividya. http://www.wcgt.in/assets/coverage/220109/Global CEO.pdf ...
20/01/2009 Global firms draw on India for ideas - Mint
Business confidence across privately held businesses in the country is at a high of 83%, making India the country that is most optimistic about its economy in the International Business Report, or IBR, 2009 released earlier this month by Grant Thornton International...
20/01/2009 Now UP power body dumps Price Waterhouse - Financial Express
The ten that have been invited include Grant Thornton. The name of the advisory consultant would be finalized on Jan 24 http://www.wcgt.in/assets/coverage/210109/FE_210109_Pg3.jpg ...
19/01/2009 Pai meets Montek, seeks global accounting norms - Asian Age
Mr. Vishesh Chandiok, Partner, National management, Grant Thornton said: “The lack of an independent external audit review is a significant structural defect in our financial regulation. It is important to recognize that there is little an auditor or any regulator...
19/01/2009 Pai meets Montek, seeks global accounting norms - Deccan Chronicle
Mr. Vishesh Chandiok, Partner, National management, Grant Thornton said: “The lack of an independent external audit review is a significant structural defect in our financial regulation. It is important to recognize that there is little an auditor or any regulator...
18/01/2009 \'Satyam fiasco will help plug loopholes in auditing process\' - Indiatimes.com
Vishesh Chandiok, National Managing Partner with Grant Thornton, also believes that the Satyam saga might strengthen the auditing processes. "It provides a great opportunity to look into the entire auditing regulatory set-up in India and whether there is proper...
18/01/2009 Satyam fiasco will help plug loopholes in auditing process - Times of India.com
Vishesh Chandiok, National Managing Partner with Grant Thornton, also believes that the Satyam saga might strengthen the auditing processes. "It provides a great opportunity to look into the entire auditing regulatory set-up in India and whether there is proper...
16/01/2009 Is clause 49 revamp necessary after Satyam saga? - Deccan Chronicle and Asian Age
Says Mr. Vishesh Chandiok, partner, National Management, Grant Thornton India, “This episode is certainly shocking but should be treated as a blessing in disguise.” http://www.wcgt.in/assets/coverage/160109/DC_160109_Pg13.jpg ...
16/01/2009 Waiting in the wings - Business World
It seems logical, given the cash crunch faced by the former in recent times.” At this juncture cash is still king,” says Davis Jones, partner with Grant Thornton http://www.wcgt.in/assets/coverage/160109/BW_160109_Pg22.jpg ...
15/01/2009 Siemens Ltd - Asian Age
Grant Thornton was appointed for the valuation http://www.wcgt.in/assets/coverage/150109/AA_150109_Pg16.jpg ...
15/01/2009 The perfect Corporate Crime - Business & Economy
Even the luminous Grant Thornton 2006 study finds that for a sickening 94% of India Inc., ‘globalization’ simply means ‘gobble’isation that is gobbling up foreign firms – lock, stock and barrel. http://www.wcgt.in/assets/coverage/150109/B&E_150109_Pg79.jpg http://www...
15/01/2009 71pc Indian businesses expect higher turnover - Indian Express
Monish Chatrath, national markets leader at Grant Thornton India said, “Although the overall results of the survey are not surprising, it is fair to conclude that PHBs in many economies have yet to feel the full force of global downturn. http://www.wcgt.in/assets/coverage/150109/IE_150109_Pg16...
14/01/2009 Tata, Birla eye small- mid size PE deals - Business Standard
The traction for mid and small sized deals continues to be there,” said Dhanraj Bhagat, partner, Grant Thornton, an international accounting and advisory firm http://www.wcgt.in/assets/coverage/140109/BS_140109_Pg1.jpg ...
14/01/2009 Rolta shares sinks, chief seeks SEBI probe - DNA
Singh said Rolta will not replace its accountant Grant Thornton http://www.wcgt.in/assets/coverage/140109/DNA_140109_Pg21_clip1.jpg http://www.wcgt.in/assets/coverage/140109/DNA_140109_Pg21_clip2.jpg ...
14/01/2009 If only it was an internal matter - Outlook
“For a fraud of this scale, it was not likely that only Raju was aware of it,” warns Vishesh C Chandiok of auditing firm Grant Thornton http://www.wcgt.in/assets/coverage/140109/Outlook_140109_Pg28.jpg http://www.wcgt.in/assets/coverage/140109/Outlook_140109_Pg29...
13/01/2009 Specialist i– banks face tough times as VC, PE deals dry up - Mint
Mention of Grant Thornton deal tables. http://www.wcgt.in/assets/coverage/130109/Mint_130109_Pg8.jpg ...
12/01/2009 The cost of terror - Business Today
Vishesh Chandiok a partner at global consulting firm Grant Thornton says he was supposed to fly to Mumbai and stay at the Taj on Thursday night. His company indefinitely postpones plans to hold a global conference, which was to be held in Mumbai in the second...
12/01/2009 Jacob Ballas raises $440 – m India fund - Economic Times
“While private equity has grown considerably over 2006 and prior years, it is about 45% less than last year,” said CG Srividya, partner, Specialist Advisory Services, Grant Thornton. http://www.wcgt.in/assets/coverage/120109/ET_120109_Pg4.jpg ...
12/01/2009 Rotate auditors and CFOs, say experts - Financial Express
Vishesh Chandiok, National managing partner, Grant Thornton, does not subscribe to the idea of frequently changing auditors. He says rotating auditors can “destroy the quality of the audit.” http://www.wcgt.in/assets/coverage/120109/FE_120109_Pg1.jpg http://www...
11/01/2009 Corporate Governance comes under lens - Economic Times
Says Monish Chatrath, National Markets Leader, Grant Thornton: “Companies in India must have the flexibility to ascertain those aspects that are practical to comply with and others where they can provide suitable and logical explanations for non – compliance....
10/01/2009 Hiring firms predict 15000 lay offs - Financial Express
“ Of the total 53, 000 employees, 15 – 25 %of the Satyam staff at the middle or the top level may manage to secure good jobs, the rest are a concern area,” said Gaurav Sahu, partner, Grant Thornton India. http://www.wcgt.in/assets/coverage/100109/FE_100109_Pg3...
08/01/2009 Changing tracks - Business India
Till date, Grant Thornton has estimated the total value of deals at $32 billion. However cross – border deals have dropped significantly. http://www.wcgt.in/assets/coverage/080109/M&A/BI_080109_Pg79.jpg ...
08/01/2009 We will acquire to grow our business, but with our own cash - Business Today
“Corporate India has done a significant number of M&A transactions in 2008 with value of over $ 30 billion”, says CG Srividya, partner and Specialist Advisory Services, Grant Thornton http://www.wcgt.in/assets/coverage/080109/M&A/BT_080109_Pg134.jpg ...
08/01/2009 ‘Satyam is India’s Enron’ - Hindu online
Grant Thornton’s Harish H.V. said it was unlikely that the management was unaware of the whole situation and that the role of independent directors was questionable. Calling for swift and expeditious action against the loss of confidence, he noted that the...
08/01/2009 Satyam investors lose Rs 9356 cr in a day - Financial Chronicle
Harish HV, partner, National Management at Grant Thornton said, “IT companies will not face any long term issues. But valuation will suffer in the short term. There will be more fight to quality in valuations.” http://www.wcgt.in/assets/coverage/080109/FC_080109_Pg1_HVH...
08/01/2009 Raju & Co to face litigation - Financial Chronicle
According to Grant Thornton (India), National Managing Partner Vishesh Chandiok, the CEO and CFO certify on adequacy of design of internal controls. “Clearly, if nothing else, the Sarbanes Oxley certification was wrong if only the chairman could have done this...
08/01/2009 Satyam saga could open a can of worms - Financial Express
Vishesh Chandiok, National managing partner at the audit firm Grant Thornton said the Satyam scam presents an opportunity to look at structure of the audit profession. http://www.wcgt.in/assets/coverage/080109/FE_080109_Pg1_clip1_VCC.jpg http://www.wcgt.in/assets/coverage/080109/FE_080109_Pg1_clip2_VCC...
08/01/2009 Final fall for a poster boy of Indian IT - Financial Express
Vishesh Chandiok, National Managing Partner, Grant Thornton, said, “There is little chance that no one else within the company and outside was aware of the irregularities. In any case, several parties should have been aware if they had their eyes open.” http://www...
08/01/2009 Is Satyam staring at Ctl + Alt + Del? - Financial Express
Harish HV, partner, Grant Thornton, said, “People want to wait and watch else is there before they take it up.” http://www.wcgt.in/assets/coverage/080109/FE_080109_Pg4_HVH.jpg ...
08/01/2009 Brokerages drop Satyam coverage - Hindu Business Line
Grant Thornton felt that this incident indicated a “clear lack of focus on audit quality as the key issue by the ICAI. All ICAI laws try and focus on dispersal of work among the 1.5 lakh CAs as opposed to audit quality.” http://www.wcgt.in/assets/coverage/080109/HBL_080109_Pg13...
08/01/2009 Satyam chief admits to fraud, quits - Hindu
Grant Thornton’s Harish H.V. said it was unlikely that the management was unaware of the whole situation and that the role of independent directors was questionable. Calling for swift and expeditious action against the loss of confidence, he noted that the...
08/01/2009 Satyam fraud may catch Maytas cos in its vortex - Mint
“There is enough evidence to suggest there needs to be a detailed forensic investigation,” partner at audit and tax consultancy firm Vishesh C. Chandiok Grant Thornton India, said. Chandiok’s colleague, Anil Roy, who heads the firm’s forensic accounting...
08/01/2009 External auditors face the heat - Times of India
Says Vishesh Chandiok, National managing partner of Grant Thornton, “There is clear lack of focus on audit quality as the key issue by the ICAI. All ICAI laws try and focus on dispersal of work among the 1.5 lakh CAs as opposed to audit quality.” http://www...
07/01/2009 Businesses optimistic about economy - Afternoon
Optimism levels across the globe might have slumped significantly but privately held businesses in India are the most bullish lot, with 83% of them hopeful about the country’s economic outlook, says global consultancy firm Grant Thornton. http://www.wcgt.in/assets/coverage/070109/IBR/Afternoon_070109_Pg17...
07/01/2009 India regains top slot in optimism among privately held biz for 2009: Grant Thornton - Indianinfoline.com
"These polarised results suggest that despite the current slowdown, there are still pockets of hope in the global marketplace for PHBs," explained Vishesh Chandiok, National Managing Partner – Grant Thornton India, "Their macro view of the world economic...
07/01/2009 Businessmen back Indian Economy - Times of India
"This year's polarised results suggest that despite the current slowdown, there are still pockets of hope in the global marketplace for PHBs," explained Vishesh Chandiok, national managing partner, Grant Thornton India, "Their macro view of the world economic...
07/01/2009 PEs inject into cleantech despite downturn - Financial Express
CG Srividya, partner, Specialist Advisory Services said, “Investment in cleantech power segments as a proportion of all power an energy deals in 2008 was over 10% in value and over 50% in volume terms.” http://www.wcgt.in/assets/coverage/070109/M&A/FE_070109_Pg8...
07/01/2009 Share of family-run businesses fall 30 pc on Satyam fiasco - Economic Times
Another global consultancy major Grant Thornton's National Managing Partner Vishesh Chandiok said, "This episode presents a brilliant opportunity to demonstrate expeditious enforcement of our numerous rules." http://www.wcgt.in/assets/coverage/070109/ETonline...
07/01/2009 Satyam fraud may catch Maytas cos in its vortex - Mint
“There is enough evidence to suggest there needs to be a detailed forensic investigation,” partner at audit and tax consultancy firm Vishesh C. Chandiok Grant Thornton India, said. Chandiok’s colleague, Anil Roy, who heads the firm’s forensic accounting...
07/01/2009 Satyam fraud big jolt to investment community: FIIs - Moneycontrol.com
Vishesh Chandiok, Managing Partner, Grant Thornton said there is a need to debate around who audits the auditors. “It is also a well known fact that an audit is only based on a test check and with conducive management fraud there is little auditors can do to...
06/01/2009 Indian economy tops optimism list - Economic Times
"These polarised results suggest that despite the current slowdown, there are still pockets of hope in the global marketplace for PHBs," explained Vishesh Chandiok, National Managing Partner – Grant Thornton India. "Their macro view of the world economic...
05/01/2009 Global action on M&A street - Economic Times
Says advisory firm Grant Thornton’s head of M&A, Pankaj Karna, “The billion dollar deals will face the challenge of funding but the small and mid – size deals should see a lot of activity. The market meltdown has created opportunities in various ‘special situation’...
02/01/2009 Providence, Symphony top PE investors in 2008 - Economic Times
According to Grant Thornton, Providence’s 20% in Aditya Birla Telecom for $640 million constituted was the single-biggest PE transaction during the year. http://www.wcgt.in/assets/coverage/020109/ET_020109_Pg5.jpg ...
01/01/2009 Fate of M&A deals hangs in balance - Telegraph
Grant Thornton’s partner Harish HV says, “Usually, there is a time lag between the date of announcement and closure. However, in these times, the threat of a deal going bad is high, especially if the valuation had been decided much earlier in 2008.” http://www...
29/12/2008 CAs being equipped to fight Madoff – like corporate duping - Financial Chronicle
Grant Thornton India’s head Vinod Chandiok said companies looking at newer methods to scrutinize the books of accounts, a practice that still is in the initial stages in India. Forensic account, he said, can also help in resolving disputes pertaining to failed...
27/12/2008 Despite slowdown, real estate, infra hot favourites of PE funds - Financial Express
CG Srividya, Partner, Specialist Advisory Services, Grant Thornton, said, “Private equity investments in India are showing some amount of slowdown , considering that a considerable amount of investment have been coming from international funds , which are in...
26/12/2008 Forensic accounting to prevent white collar frauds - Business Standard
Grant Thornton India’s head Vinod Chandiok said companies looking at newer methods to scrutinize the books of accounts, a practice that still is in the initial stages in India. Forensic account, he said, can also help in resolving disputes pertaining to failed...
26/12/2008 Cash rich companies set M&A counters buzzing - Hindu Business Line
Mr. Harish HV, Partner, Grant Thornton, points out that the IT industry had realised that the past growth rates in the industry are not sustainable only on an organic basis.” So they are now leveraging the sentiments in the global market as also the valuations...
25/12/2008 M&A deals lack lustre on slowdown blues - Hindu Business Line
CG Srividya – Partner, Specialist Advisory Services, Grant Thornton said, “Considering that private equity investors typically peg the valuations to stock markets, there is currently a valuation gap in expectations between investors and companies. However,...
24/12/2008 Mergers drop this year on reluctance - Deccan Herald
The total number of M&A deals announced till December 15 stood at 445 and its combined value of US $30.72 billion, according to global consulting firm Grant Thornton said. http://www.wcgt.in/assets/coverage/241208/DH_241208_Pg12.jpg ...
24/12/2008 M&A activities in 2008 dips: Grant Thornton - Economic Times online
According to Grant Thornton India, the total number of M&A deals in calendar year 2008 so far was 445, with a total announced value of US$30.72 billion. This is compared to the 676 deals in 2007 with a total value of $51.11 billion and 480 deals in 2006 amounting...
24/12/2008 M&A activities in 2008 dips: Grant Thornton - Economic Times online
According to Grant Thornton India, the total number of M&A deals in calendar year 2008 so far was 445, with a total announced value of US$30.72 billion. This is compared to the 676 deals in 2007 with a total value of $51.11 billion and 480 deals in 2006 amounting...
22/12/2008 India Inc M&As defy market volatility in 2008 - Economic Times online
“Corporate India has done significant number of M&A transactions in 2008 with a value of over $30 billion. It is creditable to note that this has been achieved irrespective of the global economic slowdown and dwindling stock prices,” said C G Srividya, partner,...
22/12/2008 India Inc M&As defy market volatility in 2008 - Times of India
“Corporate India has done significant number of M&A transactions in 2008 with a value of over $30 billion. It is creditable to note that this has been achieved irrespective of the global economic slowdown and dwindling stock prices,” said C G Srividya, partner,...
22/12/2008 Private equity funds expect tougher year ahead - Business Standard
The economic crisis in the US and its global consequences has brought down the value of stocks in almost all markets. It has made the high net worth individuals and other contributors to private equity funds re-align their portfolio and only PE players with...
20/12/2008 Post Zandu buy, Emami seeks $50m private equity funding - Financial Express
According to a Grant Thornton report, the volume of PE deals in India fell by 24% during 2008 owing to economic slowdown http://www.wcgt.in/assets/coverage/201208/FE_201208_Pg1.jpg ...
19/12/2008 Sharp dip in M&A deals and volumes - Financial Express
The numbers of M&A, including private equity placements involving Indian firms, have come down over 41 percent in value terms over the year while the total volumes reduced by 25 percent. However, domestic M&A activities have increased by 2 percent, according...
18/12/2008 M&A, PE deals in India significant - Financial Express
As per a study by global consultancy major Grant Thornton, corporate India has done significant number of M&A transaction in 2008 with a value of over $30 billion. http://www.wcgt.in/assets/coverage/191208/FE_191208_Pg1.jpg ...
17/12/2008 Venture funds step up in joint deals - Business Standard
“PEs and VCs are increasingly looking for mitigating their risk and validating the investments the investments they are making. No one wants to put in their entire funds and risks in one basket,” says CG Srividya, Partner, Specialist Advisory Services of Grant...
12/12/2008 M&A deals during Nov`08 worth US$3.4bn: Grant Thornton - Indiainfoline.com
Harish HV- Partner, Transaction Advisory Services – “We saw record levels of M and A in 2007 but 2008 has also been a good year for M and A inspite of the global turmoil and the financial crisis. Indian M and As have touched US$32bn with 433 deals in the first...
12/12/2008 Wow! Strategic investors beat PEs on Deal St - Economic Times
Says Grant Thornton, Partner, CG Srividya, “Financial investors link deals to the ruling stock market price more closely than strategic acquirers who are long term players.” http://www.wcgt.in/assets/coverage/121208/ET_121208_Pg5.jpg ...
12/12/2008 India Inc’s M&A spree dips 37% - Financial Chronicle
Harish HV- Partner, Transaction Advisory Services – “We saw record levels of M and A in 2007 but 2008 has also been a good year for M and A inspite of the global turmoil and the financial crisis. Indian M and As have touched US$32bn with 433 deals in the first...
12/12/2008 Not a big deal anymore! - Financial Express
India Inc’s deal making spree has witnessed significant traction till November with nearly 37% decline in merger and acquisition as well as private equity transactions in the country, a latest Grant Thornton report. http://www.wcgt.in/assets/coverage/121208/FE_121208_Pg4_Delhi...
12/12/2008 M&A space suffers 37% dip - M&A space suffers 37% dip
Indian M&As have touched $32 billion with 433 deals in the first 11 months which is a sign of maturity in the market, Grant Thornton Transaction Advisory Services Partner Harish HV said. http://www.wcgt.in/assets/coverage/121208/HBL_121208_Pg5.jpg ...
12/12/2008 India Inc’s deal making spree suffers 37pc dip - Indian Express
The M&A space has witnessed a slump of 37.09 percent, according to the latest issue of global consultancy major Grant Thornton’s Deal Tracker. http://www.wcgt.in/assets/coverage/121208/IE_121208_Pg15.jpg ...
12/12/2008 India Inc’s deal making spree suffers 37% dip - Pioneer
Harish HV- Partner, Transaction Advisory Services – “We saw record levels of M and A in 2007 but 2008 has also been a good year for M and A inspite of the global turmoil and the financial crisis. Indian M and As have touched US$32bn with 433 deals in the first...
12/12/2008 Indian M&As pick steam in Nov - Times of India
“We saw record levels of mergers and acquisitions (M&A) despite the choppy markets,” said Harish HV partner at Grant Thornton, handling transaction advisory services. “Indian M&As have touched $32 billion with 433 deals in the first 11 months which is a sign...
11/12/2008 Strategic investors beat PEs in Deal St - Economic Times
Says Grant Thornton, Partner, CG Srividya, “Financial investors link deals to the ruling stock market price more closely than strategic acquirers who are long term players.” http://www.wcgt.in/assets/coverage/111208/ET_111208_Pg5_delhi.jpg ...
11/12/2008 India Inc\'s deal making suffers 37% dip - Indian Express
The M&A space has witnessed a slump of 37.09 per cent till November end, while in the case of private equity it was 35.72 per cent, according to the latest issue of global consultancy major Grant Thornton's Deal Tracker. Indian M&As have touched USD 32...
08/12/2008 Investors to gain little from buybacks - Times of India
“Certainly it’s a good time from valuation perspective. But whether investors are appreciating (buybacks) or not, is a judgement on individual companies which is again dependent on many factors,” Pankaj Karna of Grant Thornton India said. http://www.wcgt.in/assets/coverage/081208/TOI_081208_Pg19_Mumbai...
04/12/2008 Buybacks: investors see no reason to cheer - Times of India
“Certainly it’s a good time from valuation perspective. But whether investors are appreciating (buybacks) or not, is a judgement on individual companies which is again depending on many factors,” Pankaj Karna of Grant Thornton India said. http://www.wcgt...
03/12/2008 PE players eye Punjab - Business Standard
Paras Arora, Director of Grant Thornton (Chandigarh Branch), said Chandigarh was drawing attention of venture capitalists and PE players who are willing to fund entrepreneurs in Punjab. http://www.wcgt.in/assets/coverage/031208/BS_031208_Pg7.jpg ...
03/12/2008 Why US recession should worry you? - Mail Today
Anish Tripathi – Partner , markets and strategic services at Grant Thornton India, said retrenchments will not be more than five percent given the scarcity companies face in acquiring and retaining skilled manpower. http://www.wcgt.in/assets/coverage/031208/MailToday_031208_Pg37...
03/12/2008 The freezing point - Outlook Business
PE investments dipped 28% to $9.7 billion in the 10 months of 2008 ended October; according to investment research and advisory firm Grant Thornton (the number of deals dropped 328 to 274). This year may see only $ 11.5 billion, according to Grant Thornton...
02/12/2008 PE players get down to the nitty-gritty of management - Business Standard
Dhanraj Bhagat, partner, Grant Thornton, said, “PE investors would like to ensure that their investments are in safe hands. Hence they would also like to monitor cash outflows, provide marketing guidance and go in for corporate and debt restructuring, intended...
02/12/2008 PE players get down to the nitty-gritty of management - Hindu Business Line
Dhanraj Bhagat, partner, Grant Thornton, said, “PE investors would like to ensure that their investments are in safe hands. Hence they would also like to monitor cash outflows, provide marketing guidance and go in for corporate and debt restructuring, intended...
02/12/2008 United spirits acquires Balaji distilleries - Hindu Business Line
The valuation was carried out by Grant Thornton and Lodha & Co., PWC and Ambit Corporate Finance Pvt Ltd, advised the company on the transaction. http://www.wcgt.in/assets/coverage/021208/HBL_021208_Pg3.jpg ...
01/12/2008 Delhi Diary - Delhi Diary (A bi – monthly e- newsletter of CII)
Article on 10 point guide for entrepreneurs and business owners by Grant Thornton http://www.wcgt.in/assets/coverage/011208/CII_Delhi_Diary-Dec.pdf ...
28/11/2008 Legal sector hit hard by PE, M&A slowdown - Economic Times
According to a report by Grant Thornton, last year around 328 deals with a total value of $ 13.34 billion were announced, but for this year October there were only 274 deals with a combined total of $9.76bn. http://www.wcgt.in/assets/coverage/281108/ET_281108_Pg11.jpg ...
27/11/2008 Lucky promoters miss market crash, strike gold - Economic Times
“Usually when the market trades at a fair price, sellers look at a premium of 15 – 30 %,” says advisory firm Grant Thornton’s M&A head Pankaj Karna. But he adds, “Premiums that sellers command varies across companies. So a billion dollar company, which has...
27/11/2008 Changeover to IFRS is a complicated process - Hindu Business Line
The number of companies reporting under the International Financial Reporting Standards (IFRS) in India will be far more than anywhere else in the world, according to Mr. Sai Venkateshwaran, a partner with consultancy firm, Grant Thornton’s Assurance Group. But...
24/11/2008 Singing a different tune - Economic Times - Investors Guide
ETIG analysed PE data released by advisory firm Grant Thornton for the first 10 months of ’08. The data reveals that real estate and infrastructure sectors have been the outperformers for the year so far, attracting 33% of the total Rs 43,515 crore worth of...
23/11/2008 Dealing with inherited wealth - Economic Times ( Online)
“The seller will be entitled to claim the cost of acquisition as available to the deceased assessee. One may consider reducing the tax impact by adopting the fair market value as on April 1, 1981, in case the property was acquired by the deceased before April...
23/11/2008 Will Bill - Economic Times
“The seller will be entitled to claim the cost of acquisition as available to the deceased assessee. One may consider reducing the tax impact by adopting the fair market value as on April 1, 1981, in case the property was acquired by the deceased before April...
20/11/2008 ADAG\'s private equity firm bets big on secondary deals - Financial Express
According to Grant Thornton in October, 12 deals with an announced value of $372 million took place as against 16 deals amounting to $600 million inthe month of September 2008.The total number of PE deals during the first 10 months of 2008 stands at 274, with...
20/11/2008 M&A activities lose stream in September-October - M&A activities lose stream in September-October
According to the latest Deal Tracker by Grant Thornton, the sectors garnering most investment during the period in M&A segment are Telecom with 3 deals amounting to $ 2.27 billion and Pharma, Healthcare & Biotech with 9 deals amounting to $1.76 billion. The...
18/11/2008 Is your ad not getting a good response? Try an audit firm - Mint
Geeta Tolia, Partner, Tax & Regulatory Services, Grant Thornton, says advertisers are seeking two kinds of auditors:one that validates media processes and the other includes specialists in rate bench - marking who determine whether clients are getting the best...
18/11/2008 PE inflows to India dip 72% amid crisis - Financial Chronicle
"Private equity investments in India are showing som amount of slowdown, considering that considerable amount of investments have been coming from intenational funds or investment banks," Specialist Advisory Services Partner CG Srividya said. Echoing similar...
18/11/2008 PE inflows dip amid global credit crisis - Afternoon
"Private equity investments in India are showing som amount of slowdown, considering that considerable amount of investments have been coming from intenational funds or investment banks," Specialist Advisory Services Partner CG Srividya said. Echoing similar...
17/11/2008 PEs bet on emerging cos to beat slump - Economic Times
According to figures obtained from Grant Thornton, the announced value of all the 12 deals stood at $372 million. http://www.wcgt.in/assets/coverage/171108/ET_171108_Pg5.jpg ...
17/11/2008 PIPE deals see over 50% value erosion in one year - Financial Express
Data compiled by Grant Thornton show that in the first ten months of this year, there were 274 deals as against 328 worth $ 13.43 billion in the corresponding period last year. http://www.wcgt.in/assets/coverage/171108/FE_171108_Pg1.jpg...
17/11/2008 PE inflows dip 72% amid global credit crisis: report - Business Standard
"Private equity investments in India are showing some amount of slowdown, considering that a considerable amount of investments have been coming from international funds, which are in turn funded by international banks or investment banks," Specialist Advisory...
15/11/2008 Crumbling Realty - Economic Times
According to data compiled by Grant Thornton, while the number of deals during Jan – Sept was higher at 45 against last year’s 39 deals, the average ticket size of the transactions has come down substantially in the first three quarters of 2008, reflecting...
15/11/2008 BPOs serving airlines see transactions crash - Financial Express
“This industry is largely driven by the telecom and BFSI sector which continue to be strong so far,” said Gaurav Sahu, Partner, Grant Thornton India http://www.wcgt.in/assets/coverage/151108/FE_151108_Pg1.jpg ...
15/11/2008 BPOs serving airlines see transactions crash - Financial Express
“This industry is largely driven by the telecom and BFSI sector which continue to be strong so far,” said Gaurav Sahu, Partner, Grant Thornton India http://www.wcgt.in/assets/coverage/151108/FE_151108_Pg1.jpg ...
14/11/2008 Meltdown may force PEs, VCs to consolidate, exit - Economic Times
The latest deal tracker by advisory firm Grant Thornton confirms that PE and VC deals in India are slowing down, and has already dropped to 2006-levels in October. “The next 6-12 months would be tough for the PE industry in India,” says CG Srividya, partner,...
14/11/2008 Drought on Deal Street - Economic Times - Corporate Dossier
A recent report from Grant Thornton elaborates on this worrying situation. For the first nine months of 2008, the total number of deals was at 381 with an announced value of $26.43 billion. http://www.wcgt.in/assets/coverage/141108/141108/ ET_CD_141108_Pg1_clip1.jpg http://www.wcgt.in/assets/coverage/141108/141108/ET_CD_141108_Pg2_clip2.jpg http://www.wcgt.in/assets/coverage/141108/141108/...
14/11/2008 Times of India - Slump may boost M&A deals: Analysts
CG Srividya, partner; Specialist Advisory Services at Grant Thornton told TOI: “M&As in October ’08 were substantially higher than the sub billion dollar values for the same month last year , at $612 million , or even the deals in October 2006, where M&As...
13/11/2008 Hard choice - Business World
“CTL technology is still not proven on a large scale, but there is vigorous R&D going on globally in this area,” says Anish Tripathi, Partner (Strategic Services Group) at Grant Thornton http://www.wcgt.in/assets/coverage/BW_171108_Pg18.jpg...
12/11/2008 Emerging cos turn alluring for PEs in volatile times - Economic Times
Grant Thornton says the announced value of all the 12 deals stood at $ 372 million http://www.wcgt.in/assets/coverage//ET_121108_Pg10_Delhi.jpg...
12/11/2008 PEs prefer emerging cos amid market turbulence - Economic Times
According to figures obtained from Grant Thornton, the announced value of the 12 deals stood at $372 million. http://www.wcgt.in/assets/coverage//ET_121108_Pg7_Blore.jpg...
11/11/2008 Indian sees M&A deals worth $ 2bn in October - Financial Chronicle
“The present global situation is providing several opportunities for Indian companies to acquire both global business as well as Indian arms of global businesses,” said CG Srividya, Partner, Specialist Advisory Services, Grant Thornton. http://www.wcgt.in/assets/coverage/FC_111108_Pg5...
11/11/2008 India Inc\'s deal value nearly halves in a month: report - Business Standard
In October, M&A deals of around $2.13 billion and private equity transactions of about $372 million were announced, global consultancy major Grant Thornton has said. http://www.wcgt.in/assets/coverage/BS_online.doc...
10/11/2008 M&A activities lose steam - Times of India
Experts at top consultancy firms told The Times of India that the current sentiment in the M&A space was that of “wait and watch”, Pankaj Karna , Head M&As at Grant Thornton, said, “There are a lot people who are sitting on cash. But most are in a wait – and-watch...
10/11/2008 Global meltdown: M&A activities lose steam - Times of India
Experts at top consultancy firms told TOI that the current sentiment in the M&A space was of "wait and watch" with no company in a hurry to rush through deals. "There are a lot of people who are sitting on cash. But most are in a wait-and-watch mode and...
10/11/2008 Deal Street in slowdown season - Economic Times
Grant Thornton partner (transaction advisory services ) Harish HV said: “The private equity scenario is likely to slow down temporarily, even though there is a substantial amount of money available for investment . Companies and investors are adjusting to the...
10/11/2008 Deal Street runs out of fizz in October - Economic Times
Grant Thornton partner (transaction advisory services ) Harish HV said: “The private equity scenario is likely to slow down temporarily, even though there is a substantial amount of money available for investment . Companies and investors are adjusting to the...
10/11/2008 Total M&A deals of US$2.13bn during Oct`08: Grant Thornton - Indiainfoline.com
The total number of M&A deals during the first 10 months of 2008 stands at 407, with an announced value of US$28.56bn as against 578 deals amounting to US$49.94bn during the corresponding period in 2007. http://www.wcgt.in/assets/coverage/101108/Indiainfoline...
10/11/2008 Corporate India deals plummet to ’06 level - Economic Times
Grant Thornton partner (transaction advisory services ) Harish HV said: “The private equity scenario is likely to slow down temporarily, even though there is a substantial amount of money available for investment . Companies and investors are adjusting to the...
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09/11/2008 Seeking women in boardrooms - Economic Times
A 2007 Grant Thornton’s International Business Report shows that India ranks at the bottom in overall proportion of women to men in chief positions, despite the number of corporate women in India growing 14 percent in the past five years http://www.wcgt.in/assets/coverage/091108/ET_091108_Pg8...
09/11/2008 How to avoid pitfalls while planning your tax - Economic Times
Syndicated article by S Gayathri – Partner, Tax & regulatory services – Walker, Chandiok & Co (Indian audit firm of Grant Thornton) http://www.wcgt.in/assets/coverage/091108/ET_091108_Pg11_clip1.jpg http://www.wcgt.in/assets/coverage/091108/ET_091108_Pg11_clip2...
08/11/2008 India Inc struck 26 M&As deals in Oct: Grant Thornton - Moneycontrol.com
In October, 26 mergers and acquisitions (M&A) deals were announced in India valued at USD 2.13 billion. These are the findings of Grant Thornton's monthly deal tracker. CG Srividya, Partner, Specialist Advisory Services, said, "The activity actually has been...
06/11/2008 M&A deals may drop over 30% this year as valuations slump - Financial Express
The total number of M&A deals during the period stood at 381, as against 527 deals amounting to $49.33 billion during the corresponding period in 2007. The total number of M&A deals announced during the calendar year 2007 stood at 676 with a total announced...
05/11/2008 India misses M&As - Financial Chronicle
Another report from global consultancy major Grant Thornton showed the total of M&A deals during the first nine months of 2008 stands at 381, with an announced value of $26.43 billion. http://www.wcgt.in/assets/coverage/051108/FC_051108_Pg5.jpg...
04/11/2008 India’s share in global M&A tally less than 1% - Financial Chronicle
Report from global consultancy major Grant Thornton showed the total number of M&A deals during the first nine months of 2008 stands at 381 with an announced value of $ 26.43 billion. http://www.wcgt.in/assets/coverage/041108/FC_041108_Pg4.jpg...
03/11/2008 Indian MNCs lose weight in market slump - Financial Chronicle
“I would see that there is pick up in the number of transactions especially of the mid and small size will fall in relation to the past,” Harish HV, partner, National management, Grant Thornton India, said http://www.wcgt.in/assets/coverage/031108/FC_031108_Pg5...
30/10/2008 The economies of pride - Mint
According to data cited by Grant Thornton, companies acquired 240 overseas companies in transactions worth $32 billion in 2007. http://www.wcgt.in/assets/coverage/301008/Mint_301008_Pg22.jpg ...
29/10/2008 Private equity deals in realty down to a trickle in September - Hindu Business Line
“The situation would get even more challenging in the next few months driven by the general downturn in the market. But this also offers a great opportunity for PE investors to look at real estate industry again,” said Mr. Harish HV, Partner, Transaction Advisory...
27/10/2008 Skill deficit an issue of concern in IFRS adoption - Economic Times
The event was organized by audit and consulting major Grant Thornton. http://www.wcgt.in/assets/coverage/271008/ET_271008_Pg9.jpg ...
23/10/2008 IT’s all flat tomorrow - Financial Express
“This is a concern area given that application development and related services contributed to $23 billion in FY08, which is over 55%of the total export revenues for IT- ITES services,” says Gaurav Sahu, Partner, Grant Thornton India. http://www.wcgt.in/assets/coverage/231008/FE_231008_Pg8...
22/10/2008 Banks get stingy with M&As - Economic Times
Grant Thornton’s National market leader Monish Chatrath notes: “Corporate lenders are more careful of documentation these days. There is more due diligence on price and risk these days.” http://www.wcgt.in/assets/coverage/221008/ET_221008_Pg18Mum_Pg13Kol_Pg16Del_Pg11Blore...
22/10/2008 The economies of pride - Mint
According to data cited by Grant Thornton, companies acquired 240 overseas companies in transactions worth $32 billion in 2007. http://www.wcgt.in/assets/coverage/301008/Mint_301008_Pg22.jpg ...
21/10/2008 M&A value dips 20% in Sept - Hindu Business Line
Mr Harish H.V., Partner, Transaction Advisory Services, said the global crisis in liquidity will see re-rating of global valuations and would provide some good acquisition opportunities for India Inc. “We will see deals coming not only as a result of companies...
18/10/2008 Overseas buys race ahead of domestic deals - Economic Times
There were 168 overseas M&A transactions in the first nine months of 2008 against 189 in the same period last year. In contrast, the number of domestic deals has shrunk to 144 compared to 258 last year, according to the latest DealTracker by advisory firm Grant...
17/10/2008 Funds await triggers to invest: Survey - Business Standard
“Many international fund houses have raised India-specific funds, and the amount raised in the last one year has not been fully invested. Current valuations (from investors’ perspective) are attractive enough for such funds to invest in India provided promoters...
16/10/2008 M&A deals by Indian firms up 74% in July-September quarter - Mint (Online Edition)
In its monthly report, international accounting and business advisory firm Grant Thornton said that the number remained strong with 35 deals worth $3.69 billion being signed in the month of September alone. http://www.livemint.com/2008/10/16163211/MampA-deals-by-Indian-firms...
16/10/2008 India Inc\'s deal activity slips by 30 per cent - Financial Express (Online Edition)
The total number of M&A deals announced in the month of September 2008, stood at 35 with a total announced value of USD 3.69 billion, while, there were 31 deals amounting to USD 4.63 billion in August, a decline of 20.30 per cent, Global consultancy firm Grant...
16/10/2008 Indian companies struck 35 deals in Sept worth $3.69 bn - - Hindu business Line
“We expect the drive to continue in the near future, especially with significant opportunities to acquire overseas business at lower values and necessity to look at inorganic growth as an important strategy considering that the organic growth is expected to...
16/10/2008 M&A deals continue despite global meltdown - Economic Times (Online Edition)
Speaking on the trend, CG Srividya – Partner, Specialist Advisory Services, Grant Thornton, said, “M&A activity has been showing sustained momentum in spite of the global meltdown. We expect the drive to continue in the near future, especially with significant...
16/10/2008 India Inc acquired more cos overseas - Economic Times
There were 168 overseas M&A transactions in the first nine months of 2008 against 189 in the same period last year. In contrast, the number of domestic deals has shrunk to 144 compared to 258 last year, according to the latest DealTracker by advisory firm Grant...
16/10/2008 A stronger BPO handshake - Financial Express
According to the Deal Tracker report of Grant Thornton, the first six months of 2008 (Jan- June) saw 62 deals (domestic and cross border) in the IT and ITES domain with a total value of $645.95 million. http://www.wcgt.in/assets/coverage/161008/FE_161008_Pg8...
15/10/2008 Tata Steel faces Corus pension fund losses - Mint
According to Andrew Watchman, executive director, international financial reporting at Grant Thornton International Ltd, typically when share prices fall, defined benefit schemes slip into deficit. Watchman, who addressed a workshop in New Delhi on international...
15/10/2008 Desperate to exit - Economic Times
Says Grant Thornton’s Harish HV: “In a depressed market, it’s in nobody’s interest to force an IPO. It doesn’t help the PE player because valuations are so low and even if there is a legal clause few people want to move court and get stuck in a lengthy tug-of-war...
14/10/2008 Companies delay AIM listing - Business Standard
Mahadevan Narayanamoni, Partner, Transaction Advisory Services, Grant Thornton, said there have been five to six enquiries for AIM listing and all of them should be listed in the next eight to nine months. http://www.wcgt.in/assets/coverage/141008/BS_141008_Pg1...
10/10/2008 Impact of inflation on real estate, healthcare and technology - Indiainfoline.com
"It is too early to conclude that the recent dip in the WPI inflation is a positive trend. In fact, the central bank has indicated tighter regulatory measures while ruling out cuts in interest rates, in the near term" said Monish Chatrath, National Markets...
10/10/2008 PE execs brace for bonus blues - Economic Times
The total number of PE deals during the January-August period stood at 246, with an announced value of $ 8.69 billion as against 260 deals worth $10.74 billion during the corresponding period in 2007, according to Grant Thornton. http://www.wcgt.in/assets/coverage/111008/ET_111008_Pg5.jpg...
10/10/2008 The art of integration - Economic Times ( Corporate Dossier)
According to Grant Thornton report, the total value of domestic deals toted up to $2.85 billion in 2007. http://www.wcgt.in/assets/coverage/101008/ETCD_101008_Pg1.jpg ...
10/10/2008 MNCs find Indian buys lose value by up to 90% - Financial Chronicle
According to Harish HV, partner, National Management, Grant Thornton India, the present economic situation would throw up several opportunities for India Inc.”In some cases, it could be once in a lifetime opportunity, which can be seized if they are willing...
10/10/2008 IT, ITES M&As touch a crest in Jul – Aug - Financial Express
There were around 19 deals in July and August with a total value of $1. 07 billion. However the first six months of 2008 clocked a total value of only $645 million with 62 deals , according to Grant Thornton’s DealTracker report. http://www.wcgt.in/assets/coverage/101008/FE_101008_Pg9...
07/10/2008 NDTV Profit Announces Winners of Business Leadership Awards 2008 - Indiantelevision .com
Allianz was the presenting sponsor for this year’s Business Leadership Awards, along with Nokia and Emco as the associate sponsors and Grant Thornton as the Business Process Advisor http://www.wcgt.in/assets/coverage/071008/Indiantelevision.doc ...
06/10/2008 The cards are on the table - Indian Express
Grant Thornton logo mentioned as Business Process Advisor http://www.wcgt.in/assets/coverage/061008/IE_061008_Pg7.jpg ...
06/10/2008 Do ready – made teams work? - Mint
Transplanting entire teams from previous employers to recreate the ‘fun’ and ‘high performance culture can backfire. The author – Anish Tripathi is partner, Markets and Strategic Services Group at Grant Thornton http://www.wcgt.in/assets/coverage/061008/Mint_061008_Pg3...
04/10/2008 BPOs see big money in global accounting norms - Economic Times
According to Grant Thornton partner Khazat Kotwal, International Financial Reporting Standards (IFRS) cannot be looked as a mere technical exercise limited to change from one accounting principle to another. http://www.wcgt.in/assets/coverage/041008/ET_041008_Pg5.jpg http://www.wcgt.in/assets/coverage/041008/ETonline.doc...
03/10/2008 US firms bullish on India amid slump - Asian Age
The number of deals has come down according to Deal Tracker, a newsletter published by Grant Thornton http://www.wcgt.in/assets/coverage/031008/AA_031008_Pg13.jpg ...
03/10/2008 IT’s still hungry for foreign buys, with 81 deals worth $2.53 B till August, IT & ITES top chart, says Grant Thornton - Economic Times
Pankaj Karna, head of M&A business at Grant Thornton, said that large value deals in outbound segment could be expected as India is left relatively unscathed by the subprime fiasco. “IT and ITES sector will remain a hot segment this year too. As valuations...
02/10/2008 It’s a European call for India Pharma - Economic Times
According to a study by Grant Thornton on the mergers and acquisitions market, the Indian pharma sector ranked second only to the IT & ITES sector which has 45 outbound deals. http://www.wcgt.in/assets/coverage/021008/ET_021008_Pg5_chennai.jpg http://www...
02/10/2008 M&A, PE deals rise during July – August - Financial Chronicle
According to the Grant Thornton deal tracker, even though India saw only 74 deals during July – August 2008, the value of the deals has seen a relative increase. http://www.wcgt.in/assets/coverage/021008/FC_021008_Pg4.jpg ...
01/10/2008 Pharma cos pop M&A pills in Europe - Economic Times
According to a study by Grant Thornton on the mergers and acquisitions market, the Indian pharma sector ranked second only to the IT & ITES sector which has 45 outbound deals. http://www.wcgt.in/assets/coverage/011008/ET_011008_Pg5.jpg ...
01/10/2008 Axon acquisition will hurt earnings of Infy, HCL - Financial Express
While Harish HV, Partner, National Management at Grant Thornton says, “Given the financial turmoil it will be difficult for the companies to raise the high amount.” http://www.wcgt.in/assets/coverage/011008/FE_011008_Pg13.jpg ...
01/10/2008 India Inc logs $ 5.22 bn M&A deals - Hindustan Times
There were 74 M&A deals announced with a total value of $ 5. 22 billion in the months of July and August 2008, while during the same period last year 121 deals were announced with an aggregate value of $ 4.26 billion, global consultancy firm Grant Thornton...
01/10/2008 India Inc logs $ 5.22 bn M&A deals - Hindustan Times
There were 74 M&A deals announced with a total value of $ 5. 22 billion in the months of July and August 2008, while during the same period last year 121 deals were announced with an aggregate value of $ 4.26 billion, global consultancy firm Grant Thornton...
01/10/2008 The cards are on the table - Indian Express
Grant Thornton logo mentioned as Business Process Advisor http://www.wcgt.in/assets/coverage/011008/IE_011008_Pg7_NDTV Awards.jpg ...
29/09/2008 Mixed results from overseas buys - Business Standard
Grant Thornton deal tables used from 2006 - 2008 http://www.wcgt.in/assets/coverage/290909/BS_290909_Pg1.jpg ...
29/09/2008 HCL counter bid: it’s yesterday once more - Financial Express
“Since, the acquisition was of separate brands, and not of a publicly traded company, the offers and counter offers did not come into the public glare,” said Pankaj Karna, Partner-M&A, Grant Thornton India. http://www.wcgt.in/assets/coverage/290909/FE_290909_Pg2...
29/09/2008 The cards are on the table - Midday
Grant Thornton logo in the Ad for NDTV Profit Business Awards http://www.wcgt.in/assets/coverage/290909/Midday_290909_Pg29_Delhi_NDTVAwards.jpg ...
28/09/2008 Axion bid war may intensify if Infosys offers more - Hindu Business Line
“I would expect Infosys to go for higher bid. But if it leads to a bidding war, then Infosys might exit,” Mr. Harish HV, Partner, Grant Thornton said. http://www.wcgt.in/assets/coverage/280908/HBL_280909_Pg2.jpg...
27/09/2008 A fascinating show - Business India
The awards were supported by Virgin Atlantic, London Stock Exchange, Grant Thornton and Taj Hotels http://www.wcgt.in/assets/coverage/270908/BI_270908_Pg30.jpg...
26/09/2008 VLCC to roll out Rs 65cr Esops - Financial Chronicle
The company has hired Grant Thornton in the US for acquisitions in the field of skin care. http://www.wcgt.in/assets/coverage/260908/FC_260909_Pg4.jpg...
26/09/2008 M&A activity picks up despite global fin downtrend - CNBC and Moneycontrol.com
An analysis by CNBC-TV18 of consultancy firm Grant Thornton's M&A deal data shows that 2008 has seen a slowdown in M&A activity as compared to 2007. The first eight months of 2008, saw 346 deals worth 22.74 billion dollars take place as compared to the same...
22/09/2008 Support services build on retail boom - Mint
“There are good times for support services as relentless cost pressure pushes retailers to invest in improving supply chain and logistics at the backend , while also offering a differentiated product to customers at the store,” says Anish Tripathi, partner,...
22/09/2008 “Gangs of organisational mercenaries” - Times Ascent Online
It is common in many organisations all over the world, and increasingly so in India too, as Corporate India battles with a crippling shortage of management talent. Anish Tripathi takes a look. The Author is a partner, strategic services group, Grant Thornton http://www...
20/09/2008 In search of Black Gold - Business World
“CTL production is economically viable only if oil prices remain above $50 – 60 per barrel (estimates vary),” says Anish Tripathi, partner of Strategic Services Group at Grant Thornton. “All analysts expect that despite the recent weakening in prices, this...
19/09/2008 I - banking dilemma: Staying standalone or going composite - Business Standard,
“The other difference is that banks get protected in a crisis. Tomorrow, if Citi gets into some serious trouble, the Fed will bail it out. They wont do it for pure- play investment bank,” said Harish HV, Partner, Corporate Finance, Grant Thornton http://www...
19/09/2008 Nasscom’s $ 60 bn export target in jeopardy - Business Standard
Monish Chatrath, National Markets Leader, Grant Thornton, noted that banks and financial institutions will be laying off employees and off shoring to India will have a political backlash in an election year. http://www.wcgt.in/assets/coverage/190908/BS_190908_Pg1...
19/09/2008 Cos may change pay structure under new a/cing norms - Economic Times
“Remuneration under performance – based compensation plans may be different under IFRS, as the entity’s financial results may be considerably different after the convergence with global norms. Hence, changes in remuneration structure under the IFRS convergence...
19/09/2008 High on deals - Financial Express
India Inc has announced deals worth $4.63 billion in the month of August, led by ONGC’s acquisition of Imperial Energy Plc, which accounted for half of the total deal volume, according to data provided by global consultancy firm Grant Thornton http://www.wcgt...
19/09/2008 UB Group looking to spin off subsidiaries - Hindu Business Line
Partner & Head of Grant Thornton’s strategic services, Mr Vinamra Shastri, said spinning off subsidiaries is an efficient way to unlock value. At the same time, it is prudent route to de-risk the mother firm from any problems that may crop up in the subsidiary...
19/09/2008 India Inc saw $4.6-bn M&A deals in August - Hindustan Times
Global consultancy firm Grant Thornton said, “The total number of M&A deals announced in the month of August 2008 stands at 31 with the total announced value of $4.6 billion and the most significant deal has been ONGC’s acquisition of Imperial Energy” http://www...
19/09/2008 India Inc saw $4.6-bn M&A deals in August - Indian Express
Consultancy firm Grant Thornton said, “The total number of M&A deals announced in the month of August 2008 stands at 31 with the total announced value of $4.6 billion and the most significant deal has been ONGC’s acquisition of Imperial Energy” http://www...
19/09/2008 India Inc M&A deals halved - Mumbai Mirror
The total number of M&A deals during the first eight months of this year stood at 346, with an announced value of $22.74 billion as against 456 deals amounting to $48.23 billion in the correspondence period in 2007, according to the data compiled by Grant Thornton http://www...
19/09/2008 M&A deals value stands at $4.6 billion in August - Statesman
Global consultancy firm Grant Thornton said, “The total number of M&A deals announced in the month of August 2008 stands at 31 with the total announced value of $4.6 billion and the most significant deal has been ONGC’s acquisition of Imperial Energy” http://www...
19/09/2008 Waiting time: PE fundings, IPOs may be put on hold - Times of India
Harish HV, partner Grant Thornton feels: "The US financial meltdown will result in several interesting opportunities at very significantly low values and is clearly a good time for potential buyers." http://www.wcgt.in/assets/coverage/190908/TOI_190908_Pg23...
19/09/2008 India Inc saw $4.6-bn M&A deals in Aug: Thornton - Rediff.com
The total number of M&A deals during the first eight months of this year stood at 346, with an announced value of $22.74 billion as against 456 deals amounting to $48.23 billion in the corresponding period in 2007, according to the data compiled by Grant Thornton...
18/09/2008 India Inc witnesses $4.6bn M&A deals in August - Financial Chronicle
Harish HV, partner, Specialist Advisory Services, Grant Thornton said, “The deal market has seen a dip from the highs in 2007 in the absence of mega billion dollar deals like Corus and Novellis.” http://www.wcgt.in/assets/coverage/180908/FC_180908_Pg5.jpg...
18/09/2008 Open & Free - Financial Express
"The best way is to have a mix of rules - based approach and principal based approach,"says Monish Chatrath, partner, Grant Thornton India. But he adds a caveat." An overdue emphasis on either the rules based approach can frustrate the spirit of the legislation...
18/09/2008 UP mulls PPP for better healthcare - Financial Express
Consultancy firms such as PricewaterhouseCoopers, Grant Thornton and EPOS are already working on giving final shape to the bidding documents. http://www.wcgt.in/assets/coverage/180908/FE_180908_Pg10.jpg ...
18/09/2008 India Inc witnesses $4.6b M&A deals in August - Financial Chronicle
Harish HV, Partner, Specialist Advisory Services, Grant Thornton said, “The deal market has seen a dip from the highs in 2007 in the absence of mega dollar deals like Corus and Novellis. However we continue to see to strong deal activity in the sub billion...
18/09/2008 High value M&A deals set new trend - Economic Times Online
There were 9 domestic deals with a value of $ 0.08 billion and 22 cross-border deals with a value of $ 4.55 billion. Furthermore, 17 of the cross border deals were outbound deals (Indian companies acquiring business outside India) with a value of $ 4.48 billion...
18/09/2008 India Inc saw $4.6-bn M&A deals in Aug: Thornton - Financial Express Online
Global consultancy firm Grant Thornton said, "The total number of M&A Deals announced in the month of August 2008 stands at 31 with a total announced value of USD 4.63 billion and the most significant deal has been ONGC's acquisition of Imperial Energy Plc...
17/09/2008 M&A, PE deals cross $ 5.57 –b mark in Aug - Economic Times
The total number of M&A deals announced in August stood at 31 with an announced value of $ 4.63 billion against 43 deals amounting to $580 million during July 2008, according to the latest deal tracker of advisory firm Grant Thornton http://www.wcgt.in/assets/coverage/170908/ET_170908_Pg5...
17/09/2008 Wipro unfazed by exit of executives from tech biz - Hindu Business Line
“I would like to believe that Wipro management has sufficient depth to handle such departures, which are not uncommon, said Harish HV, partner at Grant Thornton http://www.wcgt.in/assets/coverage/170908/HBL_170908_Pg4.jpg ...
16/09/2008 Firm will liquidate its Indian holdings - Financial Express
Harish HV, partner at Grant Thornton India, says the collapse of Lehman Bros will have significant impact on FIIs in India. The cascading effect on other FIIs would be liquidation of some of their holdings into dollars. http://www.wcgt.in/assets/coverage/160908/FE_160808_Pg1.jpg ...
16/09/2008 PE, venture capital firms on hiring drive - Mint,
“We see a significant slowdown in find raising from IPOs and the capital market, debt is more expensive and given many companies continue with their expansion plans or acquisitions, PE stands out as one of the key routes for funding in the current scenario...
10/09/2008 Aegis BPO on prowl, eyes 4 cos - Economic Times
M&A experts also support Aegis growth strategy. “It’s the right time as valuations of BPO companies have rationalised due to a decline in profitability. Captive BPOs also want to exit India. Earlier, we saw GE exiting GECIS and this year, it was Aviva which...
10/09/2008 Vedanta rejigs group cos under three businesses - Hindu Business Line
The valuation has been conducted by Grant Thornton India. http://www.wcgt.in/assets/coverage/100908/HBL_100908_Pg2.jpg ...
10/09/2008 KV Kamath, Khorakiwala, Goyal clinch top UK Trade & Investment awards - Financial Express (Online)
The UK Trade & Investment India Business Awards 2008 were sponsored by Virgin Atlantic, London Stock Exchange, Grant Thornton, Taj Hotels Resorts & Palaces, and some of the UK’s Regional Development Agencies http://www.wcgt.in/assets/coverage/100908/FE_online...
10/09/2008 Vedanta gives birth to triplets - Telegraph
Under the formula devised by Grant Thornton India, the shareholders of Sterlite Industries will get seven shares of Malco for every four shares held. Malco shareholders will get one Sterlite share for every 51 held. < ahref=http://www.wcgt.in/assets/coverage/100908/Telegraphonline...
09/09/2008 Half yearly audit rule puts small broking cos in a spot - Economic Times
“Though it is a welcome move by the regulator, the six month period for conducting internal audit appears to be bit of policing act,”said Walker, Chandiok & Co partner and audit head Khushroo Panthaky. http://www.wcgt.in/assets/coverage/090908/ET_090908_Pg14...
06/09/2008 Cap on technology transfer fee, royalty to be scrapped - Financial Express
Agreed Pallavi Bakhru, partner at Grant Thornton: “If the regulatory restrictions are taken away, it is not as if these transactions will go unchecked or unregulated. They can still be checked using transfer pricing norms where the parties have to prove that...
04/09/2008 Market Trends - Financial Express
Average total market capitalization and number of companies listed on AIM – Grant Thornton < ahref=http://www.wcgt.in/assets/coverage/040908/FE_040908_Pg4.jpg>http://www.wcgt.in/assets/coverage/040908/FE_040908_Pg4.jpg ...
02/09/2008 Indian firms on AIM outgun sensex peers - Times of India
“AIM listed realty companies are largely structured as funds and not operating companies. To the end, they should typically be less prone to the swings in stock market,” feels Mahadevan Narayanamoni, Partner (Transaction Advisory Services) of Grant Thornton http://www...
01/09/2008 Indian firms on AIM outgun sensex peers - Times of India
“AIM listed realty companies are largely structured as funds and not operating companies. To the end, they should typically be less prone to the swings in stock market,” feels Mahadevan Narayanamoni, Partner (Transaction Advisory Services) of Grant Thornton http://www.wcgt.in/assets/coverage/Aug08/010908/TOI_010908_Pg18.jpg ...
31/08/2008 Debt Trap - Economic Times
The latest Grant Thornton research shows that personal debt in the UK has forged ahead of its GDP for the second year running. http://www.wcgt.in/assets/coverage/Aug08/310808/ET_310808_Pg10.jpg...
28/08/2008 India down, but not out - HT Mint
A capital markets report by consulting firm Grant Thornton India in August said India is among the world’s largest stock markets in terms of the number of listed companies .According to the report, at the end of 2007, there were 4887 firms trading on the BSE...
27/08/2008 Where have M&As, PE deals gone? - Business Today
Says CG Srividya, Partner, Specialist Advisory Services, Grant Thornton: “We need to wait for another 2 – 3 months for a clearer picture to emerge. If the monthly average value of M&A deals continues to at sub – billion dollar levels, then it will be worrying...
27/08/2008 Slowdown effect: Bonuses for i- banks to take a hit - Economic Times
The number of M&A deals during January – July 2008 stood at 315, with an announced value of $18. 10 billion as against 394 deals amounting to $ 44. 91 billion during the corresponding period last year, according to advisory firm Grant Thornton http://www.wcgt.in/assets/coverage/Aug08/270808/ET_270808_Pg6.jpg...
27/08/2008 Axon group shares rise on counterbid buzz - Financial Express
Gaurav Sahu, partner, Grant Thornton said, “I think it is a good acquisition, considering that it will give Infosys access to the UK market and some good clients as well.” http://www.wcgt.in/assets/coverage/Aug08/270808/FE_270808_Pg1.jpg...
27/08/2008 IT cos taking inorganic route to beat US blues - Economic Times Online
“It is important to seriously consider inorganic growth opportunities to sustain momentum and to leverage on synergies to improve bottom line,” said CG Srividya, Partner-Transaction Advisory Services, Grant Thornton. http://www.wcgt.in/assets/coverage/Aug08/270808/ETonline...
25/08/2008 Indian firms rush to AIM as domestic floats hit shelf - HT Mint
“A further five listings seem imminent in the coming months,” said Mahad Narayanamoni, partner at Grant Thornton India, an arm of the global consulting firm that advises Indian clients on AIM listings. http://www.wcgt.in/assets/coverage/Aug08/250808/GGMG-AIM/Mint_250808_Pg14.jpg http://www.wcgt.in/assets/coverage/Aug08/250808/GGMG-AIM/Mint_250808_Pg2.jpg ...
24/08/2008 Jackpot Jerks - Economic Times
The critical question however remains – how much to pay on a windfall earnings. Explains Pallavi Bakhru, partner, Grant Thornton India http://www.wcgt.in/assets/coverage/Aug08/240808/ET_240808_Pg10.jpg ...
22/08/2008 Global slump keeps Indian firms off AIM - Business Standard
Some of the sectors, especially the real estate, have seen severe value erosion, dampening the mood of prospective companies towards this market. Indian Film Company and Hirco are trading at 28.49 per cent and 28.20 per cent lower than their issue prices, according...
22/08/2008 India to catch up with US by 2050: Grant Thornton - Indiainfoline.com
Harish HV – Partner, Grant Thornton comments, “India’s forecast is to be the fastest growing IPO market in the first half of 2008 in the Asia Pacific region. Yet India appears to be at a relatively early stage of development which suggests that there remains...
22/08/2008 Corporates tap commercial paper for funds - Times of India
The total capital gathered by Indian companies through IPOs in the first half of 2008 stood at $4.07 billion as compared to $7.68 billion in the same period in 2007, global consulting firm Grant Thornton said. http://www.wcgt.in/assets/coverage/Aug08/220808/GGMG-APAC/TOI_220808_Pg15...
22/08/2008 Stock story is still alive - Hindustan Times
The country’s stock exchanges may be in a weak phase, but the long term story is intact for India, whose stock market is set to emerge as big as that of US by 2050, says a report by accounting firm Grant Thornton International. http://www.wcgt.in/assets/coverage/Aug08/220808/GGMG-APAC/HT_220808_Pg25...
22/08/2008 India, China to fuel global growth: Thornton report - Financial Express
The Asia Pacific Capital Markets Guide by Grant Thornton projects that India would catch up with he US by 2050 and the BRIC countries as a group will surpass the G7 by 2032. “India’s forecast is to be the fastest growing IPO market in the first half of 2008...
22/08/2008 India, China to fuel global growth: Study - Financial Chronicle
“India’s forecast is to be the fastest growing IPO market in the first half of 2008 in the Asia Pacific region. Yet India appears to be at a relatively early stage of development which suggest that there remains substantial perhaps enormous potential to be...
22/08/2008 Thornton: Indian, China to fuel global growth - DNA Money
“India’s forecast is to be the fastest growing IPO market in the first half of 2008 in the Asia Pacific region. Yet India appears to be at a relatively early stage of development which suggest that there remains substantial perhaps enormous potential to be...
21/08/2008 M&A, PE deals slip as investors grow selective - Times of India
The private equity deals were tempered, with the total number notching $7.74 billion for the 215 deals during the first seven months of 2008, as against $ 9.52 billion of the 224 deals, during the corresponding period, according to global consultancy firm,...
21/08/2008 AIM favoured way to raise funds for India focused firms - Hindu Business Line
“At June 30, 2008, a total of 25 India focused companies were listed on the Alternate Investment Market (AIM), with a combined market cap of over $ 7 billion,” Grant Thornton said in its report on global markets. “The outlook for India focused businesses...
21/08/2008 Get out of that debt trap: Letter from London - Economic Times
It seems as if the individual debt problem in India is still a trickle, and a long way from acquiring the status of constitutional and national crisis that it is elsewhere. Last set of consumer debt figures from Grant Thornton (around the end of 2007) was GDP...
20/08/2008 India-focused companies line-up for AIM listing - Economic Times
“The outlook for India focused businesses looking to list on AIM depends largely on the global outlook for IPOs in general. However, companies operating in specific sub-sectors within infrastructure, healthcare and those with niche product / service offerings...
20/08/2008 AIM preferred fund raising avenue for India-focused firms - Economic Times
"The outlook for India-focused businesses looking to list on AIM depends largely on the global outlook for IPOs in general. However, companies operating in specific sub-sectors within infrastructure, healthcare and those with niche product or service offerings...
20/08/2008 Indian firms flock to AIM for funds - Business Standard
“At June 30, 2008, a total of 25 India focused companies were listed on the Alternate Investment Market (AIM), with a combined market cap of over $ 7 billion,” Grant Thornton said in its report on global markets. http://www.wcgt.in/assets/coverage/Aug08/200808/BS_200808_Pg4...
19/08/2008 Privately held businesses bullish on hiring, says Grant Thornton survey - Hindu Business Line
Grant Thornton India’s National Markets Leader, Mr. Monish Chatrath, said: “PHBs in India are less optimistic about their revenue prospects in 2008 (84 percent) compared with 2007 (92 percent). However, their levels of optimism regarding revenue performance...
18/08/2008 Slowdown? Private firms bullish on hiring, says Thornton - Times of India (Metro Now
“Whilst expected growth in employment globally has fallen from 45 per cent in 2007 to 33 percent, this year, it has remained level in India (74 per cent),” according to a recent report prepared by advisory firm Grant Thornton India http://www.wcgt.in/assets/coverage/Aug08/180808/IBR/TOIMetroNow_180808_Pg22...
18/08/2008 Private firms are bullish on hiring: Survey - Times of India
“Whilst expected growth in employment globally has fallen from 45% in 2007 to 33% this year, it has remained level in India,” according to a recent report prepared by Grant Thornton India http://www.wcgt.in/assets/coverage/Aug08/180808/IBR/TOI_180808_Pg22...
18/08/2008 Privately held businesses bullish on hiring - Mail Today
Grant Thornton India’s National Markets Leader Monish Chatrath said PHBs in India are less optimistic about their revenue prospects in 2008 (84 percent) compared to 2007 (92 percent) http://www.wcgt.in/assets/coverage/Aug08/180808/IBR/MailToday_180808_Pg34...
18/08/2008 Private firms bullish on hiring, says Thornton - Indian Express
“Whilst expected growth in employment globally has fallen from 45% in 2007 to 33% this year, it has remained level in India,” according to a recent report prepared by Grant Thornton India http://www.wcgt.in/assets/coverage/Aug08/180808/IBR/IE_180808_Pg16....
18/08/2008 Private businesses bullish on hiring: Thornton - Economic Times
“Whilst expected growth in employment globally has fallen from 45% in 2007 to 33% this year, it has remained level in India,” according to a recent report prepared by Grant Thornton India http://www.wcgt.in/assets/coverage/Aug08/180808/IBR/ET_180808_Pg5_delhi...
18/08/2008 Private firms bullish on hiring - Business Standard
Grant Thornton India’s National Markets Leader Monish Chatrath said, “PHBs in India are less optimistic about their revenue prospects in 2008 (84 percent) compared to 2007 (92 percent). However, their levels of optimism regarding revenue performance are well...
18/08/2008 India Inc bullish on jobs - Asian Age
“Whilst expected growth in employment globally has fallen from 45 percent in 2007 to 33 percent this year it has remained level in India (74 per cent),” according to a recent report prepared by advisory firm Grant Thornton India. http://www.wcgt.in/assets/coverage/Aug08/180808/IBR/AA_180808_Pg13...
18/08/2008 Slowdown to trim your salary hikes - Economic Times
“Salaries will be more realistic this year while bonus is not reflected yet,” says Pankaj Karna, Partner, M&A at Grant Thornton India “Salaries will be more realistic this year while bonus is not reflected yet,” says Pankaj Karna, Partner, M&A at Grant Thornton...
17/08/2008 Deal makers bet on India as M&As dip - Financial Express
Srividya, partner, Specialist advisory services, Grant Thornton says, “M&A deals have come down in value terms in July. But we need to wait for another 2- 3 months for a clear picture to emerge. If the monthly average of M&A deals continues to at sub-million...
17/08/2008 Privately held businesses bullish on hiring: Thornton - Economic Times
Grant Thornton in the International Business Report (IBR) further said business houses now a days are more focused on retention than those one year ago. As many as 71 per cent of Indian businesses ensure that all employees understand the company's core values,...
16/08/2008 Foreign investors step up vigil against window dressing - Financial Express
A Grant Thornton report mentions that the total number of PE deals during the first seven months of 2008 stood at 215, with an announced value of $7.74 billion as against 224 deals amounting to $9.52 billion during the corresponding period in 2007 http://www...
15/08/2008 BPOs chart overseas acquisitions plans - Financial Express
“In the next couple of years, there should be a lot of deals in the IT and ITES space. We will see the emergence of 10 -11 players with a comprehensive presence while most of the smaller players will be acquired,” said Gaurav Sahu, Partner, Grant Thornton India http://www...
14/08/2008 India Inc\'s M&A spree slows down - Business Standard (Online)
"The total number of M&A deals during the first seven months of 2008 stands at 315, with an announced value of $18.10 billion as against 394 deals amounting to $ 44.91 billion during the corresponding period in 2007," research and consultancy firm Grant Thornton...
14/08/2008 M&A engine slows down: Survey - Pioneer
"The total number of M&A deals during the first seven months of 2008 stands at 315, with an announced value of $18.10 billion as against 394 deals amounting to $ 44.91 billion during the corresponding period in 2007," research and consultancy firm Grant Thornton...
14/08/2008 It\'s not pouring on Deal St anymore - Economic Times (Online)
Grant Thornton partner corporate advisory services CG Srividya said: “M&A deals have come down in value terms in July. But we need to wait for another 2-3 months for a clear picture. If the monthly average of M&A deals continues to be at the sub-billion dollar...
14/08/2008 M&A spree slows down; logs a fall of $27 billion - Times of India (Metro Now),
"The total number of M&A deals during the first seven months of 2008 stands at 315, with an announced value of $18.10 billion as against 394 deals amounting to $ 44.91 billion during the corresponding period in 2007," research and consultancy firm Grant Thornton...
14/08/2008 India most optimistic economy: Grant Thornton - Financial Express (Online)
"PHBs in India are less optimistic about their revenue prospects in 2008 (+84 per cent) compared to 2007 (+92 per cent). However, their levels of optimism regarding revenue performance are well above the global average of +63 per cent," Grant Thornton India's...
14/08/2008 India world’s most optimistic economy - Times of India (Metro Now)
"PHBs in India are less optimistic about their revenue prospects in 2008 (+84 per cent) compared to 2007 (+92 per cent). However, their levels of optimism regarding revenue performance are well above the global average of +63 per cent," Grant Thornton India's...
14/08/2008 Indian private biz most optimistic: study - Times of India
Commenting on the way forward for PHBs in India, Grant Thornton India's National Markets Leader Monish Chatrath said that, “PHBs will need to make fundamental changes to their strategies and how they assess risks and opportunities. There are undoubtedly going...
14/08/2008 M&A, private equity in IT – ITES - Hindu Business Line
Syndicated article by CG Srividya – Partner, Specialist Advisory Services, Grant Thornton on the rationale for M&A in IT – ITES and the way forward. http://www.wcgt.in/assets/coverage/Aug08/140808/HBL_140808_Pg9.jpg ...
13/08/2008 IPOs lose steam in India - Asian Age
The total capital gathered in India Inc through IPO in the first half of 2008 stood at $4.07 billion as compared to $ 7.68 billion in the same period in 2007, global accounting and consulting firm Grant Thornton said. http://www.wcgt.in/assets/coverage/Aug08/110808/AA_110808_Pg13...
13/08/2008 Volumes plunge, size shrinks on Deal Street - Economic Times
Says Grant Thornton, partner, corporate advisory services, CG Srividya, “M&A deals have come down in value terms in July. But we need to wait for another two – three months for a clear picture to emerge. If the monthly average of M&A deals continues to be at...
13/08/2008 It’s not pouring on Deal St anymore - Economic Times
Says Grant Thornton, partner, corporate advisory services, CG Srividya, “M&A deals have come down in value terms in July. But we need to wait for another two – three months for a clear picture to emerge. If the monthly average of M&A deals continues to be at...
12/08/2008 Auto suppliers going bust - DNA
According to research by Grant Thornton, auto suppliers that rely heavily on the production of truck and SUV parts could experience cash flow problems as demand for those gas guzzling vehicles wanes. < ahref=http://www.wcgt.in/assets/coverage/Aug08/120808/DNA_120808_Pg27...
12/08/2008 Beyond the Headcount - Business Standard (Strategist)
There will be a lot of consolidation, especially with smaller firms being bought out by the bugger ones. Smaller firms will have an established customer base, niche offerings, and respectful order book will command a premium. The others will have to make do...
11/08/2008 IPOs lose steam in India, China - Financial Chronicle
The total capital gathered in India Inc through IPO in the first half of 2008 stood at $4.07 billion as compared to $ 7.68 billion in the same period in 2007, global accounting and consulting firm Grant Thornton said. http://www.wcgt.in/assets/coverage/Aug08/110808/FC_110808_Pg5...
11/08/2008 Chindia IPOs lose steam - Hindustan Times
Indian firms raised $ 4 billion in the first half of 2008, compared with $7.7 billion in the year ago period, says consulting firm Grant Thornton http://www.wcgt.in/assets/coverage/Aug08/110808/HT_110808_Pg25.jpg ...
11/08/2008 IPO pace falters - Telegraph, Online Edition
The IPO activity in the Asia-Pacific region has nearly halved in the first half of this year, with India and China reporting a drop of nearly $18 billion in mobilisation of such deals. The total capital raised by Indian firms through IPOs in the first half...
11/08/2008 ‘Public offers in India, China lose steam’ - Times of India
The total capital gathered in India Inc through IPO in the first half of 2008 stood at $4.07 billion as compared to $ 7.68 billion in the same period in 2007, global accounting and consulting firm Grant Thornton said. http://www.wcgt.in/assets/coverage/Aug08/110808/TOI_110808_Pg23...
10/08/2008 India, China IPO activity loses steam in 2008 - Economic Times (Online)
The total capital gathered by India Inc through IPO in the first half of 2008 stood at 4.07 billion dollar as compared to 7.68 billion dollar in the same period in 2007, global accounting and consulting firm Grant Thornton said http://www.wcgt.in/assets/coverage/Aug08/100808/ETonline...
07/08/2008 Capital Bonding - Financial Express
Says, Dhanraj Bhagat, Partner, Transaction Advisory Services, Grant Thornton, “The trend of a large number of deals happening this year is there.PE shops scouting for investments is also more this year.” http://www.wcgt.in/assets/coverage/Aug08/070808/FE_070808_Pg1...
06/08/2008 Feuding families run risk of closure of businesses: Analysts - Economic Times
According to Grant Thornton India’s National Managing Partner, Vishesh Chandiok, most of the corporate family feuds in India have been because of ownership matters. These feuds do erode shareholder value from the respective companies. In such a scenario, the...
06/08/2008 Auto sector gears up for global buys - Financial Express
The number of PE financed deals was only four at a combined value of $225 million, according to a Grant Thornton report. http://www.wcgt.in/assets/coverage/Aug08/060808/FE_060808_Pg1.jpg ...
05/08/2008 Chateaux Hospitality divests majority stake to WPP Group - Indiainfoline.com
Pankaj Karna, Partner & Head of Mergers & Acquisitions, Grant Thornton India, who were the exclusive financial advisors to CHPL added “ Landscape of the advertising industry is rapidly changing with the growth of BTL spend in the marketing mix of both domestic...
02/08/2008 M&A activity losing steam in India: Study - Moneycontrol.com
Harish HV, Partner, Grant Thornton said, “We had seen some mega deals last year, which were missing this year. We are buffeted by a global financial crisis this year. If it continues the way it is going now, we will see some more slowdown. Making deals at the...
02/08/2008 M&A activity losing steam in India: Study - Moneycontrol.com
Harish HV, Partner, Grant Thornton said, “We had seen some mega deals last year, which were missing this year. We are buffeted by a global financial crisis this year. If it continues the way it is going now, we will see some more slowdown. Making deals at the...
01/08/2008 Significant challenges for IFRS: Grant Thornton - Indiainfoline.com
The bigger the Company, the most critical the time factor. Sai Venkateshwaran – IFRS Head, Grant Thornton India adds, “Indian companies are starting to talk of IFRS, but not many have realized what it actually takes to be able to report under IFRS on a sustainable...
01/08/2008 Significant challenges for IFRS: Grant Thornton - Indiainfoline.com
Sai Venkateshwaran – IFRS Head, Grant Thornton India adds, “Indian companies are starting to talk of IFRS, but not many have realized what it actually takes to be able to report under IFRS on a sustainable basis – there’s a lot to be done and only around 600...
31/07/2008 PE funds focus on realty, infra - Business Standard
C G Srividya, partner, Grant Thornton, said, “We expect much more stability in the second half of 2008. Key focus will be on sectors such as pharma and healthcare, telecom, real estate and energy and power.” http://www1.wcgt.in/assets/coverage/080731/BS_310708_Pg14...
31/07/2008 M&A street sees less traffic in 2008 so far - Economic Times
“The first half of 2008 has been a period of fluctuations. It started with a slowdown in the global markets following the subprime crisis in the US, the effect of which trickled down to other global economies and stock markets. However much more stability is...
30/07/2008 Diving and Rebounding - Capital Market
The number of M&A deals announced stood at 51 with value at $ 5.35 billion in June 2008 as against 49 deals and $2.92 billion in May 2008, revealed Deal Tracker, a monthly report by Grant Thornton http://www1.wcgt.in/assets/coverage/080730/CapitalMkt_300708_Pg13...
30/07/2008 Ten Emerging Careers - Outlook Money
According to the International Business Report, 2008, by consultancy firm Grant Thornton International, India alone will make up 30 per cent of the worldwide net increase in employment with 142 million new jobs by 2020 http://www1.wcgt.in/assets/coverage/080730/Outlookmoney_300708_Pg118...
29/07/2008 M&A - Business and Economy
Grant Thornton 2006 study finds out for a sickening 94% of India Inc., globalisation simply means 'gobble'isation , that is gobbling up foreign companies - lock, stock and barrel http://www1.wcgt.in/assets/coverage/080729/BandE_290708_Pg52.jpg http://www1.wcgt.in/assets/coverage/080729/BandE_290708_Pg53.jpg http://www1.wcgt.in/assets/coverage/080729/BandE_290708_Pg54.jpg http://www1.wcgt.in/assets/coverage/080729/BandE_290708_Pg55.jpg ...
29/07/2008 How to create value through M&As in a slowdown - Business&Economy
Interview with Pankaj Karna – Head M&A, Grant Thornton – “You may have successful M&As but it depends on what kind of liquidity is there to back with”. < a href=http://www1.wcgt.in/assets/coverage/080729/BandE_290708_Pg57.jpg>http://www1.wcgt.in/assets/coverage/080729/BandE_290708_Pg57...
27/07/2008 Deal Street: Cycles are getting stretched - Hindu Business Line
While this seems like a great fall in deal activity, it is actually not so considering that over 70% of the last year's deals happened in the first two months of the year. It was an extraordinary 2 months where 3-4 historical deals took place and we cannot...
26/07/2008 India Inc\'s deal value halves during Jan - June 2008 - Economic Times
"We expect much more stability in the second half of 2008. While we have seen a considerable dip in M&A value in H1 2008 compared to H1 2007, we expect to see a higher value in the second half of 2008 compared to the same period in 2007,"Grant Thornton partner...
26/07/2008 Nation\'s M&A activity slows - Hindustan Times
The comparison should be more stable periods such as the last ten months of 2007 with M&A deal value of $14 billion or full year 2006 with a value of $20 billion and full year 2005 with a value of $ 16 billion - CG Srividya,Partner, Valuations, Grant Thornton http://www...
26/07/2008 M&A value in India dips - Asian Age
We expect much more stability in the second half of 2008.While we have seen a considerable dip in M&A value in H1 2008 compared to H1 2007, we expect to see a higher value in the second half of 2008 compared to same period in 2007,"Grant Thornton Partner Specialist...
26/07/2008 M&A value in India dips - Deccan Chronicle
We expect much more stability in the second half of 2008.While we have seen a considerable dip in M&A value in H1 2008 compared to H1 2007, we expect to see a higher value in the second half of 2008 compared to same period in 2007,"Grant Thornton Partner CG...
26/07/2008 H1 sees sustained growth momentum in M&A deals - Economic Times (Online)
The total value of deals (M&A and PE) announced in the first half of 2008 was $24.62 billion as against $50.75 billion and $19.4 billion during the first and second half of 2007 respectively. The average Indian M&A deal size was $64.4 million, while the average...
25/07/2008 BPO offshoring may become obsolete words by 2015 - Business Standard
There will be a lot of consolidation especially with smaller firms being bought out by the bigger ones, says Monish Chatrath, National Markets Leader, Grant Thornton."Smaller firms will have an established customer base, niche offerings, and respectful order...
24/07/2008 Changes in Cos Act needed for IFRS adoption - Hindu Business Line
"Yes, there is a lot of opportunity for us in IFRS. But the Indian Government has to quickly bring changes in the Companies Act. The law should refrain from specifying the accounting treatment and leave it to IFRS.There is also no clarity on how the tax department...
23/07/2008 Govt must speed up process for adopting IFRS, says expert - Economic Times
"Though the Institute of Chartered Accountants has set the ball rolling, the government has to take a serious note of the matter. The time left is too little and Income Tax Act,Companies Act, among others, are to be amended, accounting firm Grant Thornton...
22/07/2008 Govt to speed up amendment process for IFRS - Business Standard
"Though the Institute of Chartered Accountants (ICAI) has set the ball rolling, government has to take a serious note of the matter. The time left is too little and Income Tax Act, Companies Act among others are to be amended,” accountancy firm Grant Thornton...
21/07/2008 Providence biggest PE player in H1 ’08 - Economic Times
Says Grant Thornton, partner, specialist advisory services, CG Srividya, “Last year, the flow of PIPE deals was very strong, but this has come down due to the market crash. Secondly, some large global banks have become more cautious in striking deals, which...
20/07/2008 Safe & Secure - Economic Times
"The key to investing in the stock market is to avoid relying on hearsay.Given the volatility in the rupee- dollar exchange rate investing in tech companies is alittle risky," advises Rajesh Jain, partner, Grant Thornton http://www.wcgt.in/assets/coverage/200708/ET_200708_Pg10.jpg http://www.wcgt.in/assets/coverage/200708/ET_200708_Pg10_clip2.jpg...
18/07/2008 Private equity firms build up on Indian realty firms - Hindu Business Line
According to Grant Thornton, 33 deals were inked in the first six months of 2008 companred to 29 deals in January - June2007 http://www.wcgt.in/assets/coverage/180708/HBL_180708_Pg14.jpg...
17/07/2008 The idea is to adopt IFRS and not adapt it - Financial Express
Grant Thornton India's National Managing Partner Vishesh C Chandiok spells out the firms' core competencies, cross-border M&As and challenges implementing International Financial Reporting Standards(IFRS) http://www.wcgt.in/assets/coverage/170708/FEIndianInc_170708_Pg1.jpg http://www.wcgt.in/assets/coverage/170708/FEIndianInc_170708_Pg4_contd.jpg...
16/07/2008 Auto sector riding high on M&A, PE deals - Hindu Business Line
“There has been a shift in the automotive industry’s strategy from pursuing the organic route to globe trotting for acquisitions to penetrate the newer market and leverage its cost advantage,” said Ms CG Srividya, Partner, Specialist Advisory Services, Grant...
16/07/2008 ITs getting slow - Economic Times
“With the slowdown in the US, exchange loss issues as well as valuations in the stock markets coming down, several players are waiting to see how thongs will turn out” CG Srividya, Specialist Advisory Services, Grant Thornton < a href=http://www1.wcgt.in/assets/coverage/160708/ET_160708_Pg5_Delhi.jpg>http://www1.wcgt.in/assets/coverage/160708/ET_160708_Pg5_Delhi.jpg <...
16/07/2008 IT-ITES M&As coil under US credit turmoil: No. of deals sliced to Half in H1 2008: Grant Thornton - Economic Times
According to Grant Thornton, January – June 2008 saw 85 transactions –both M&A and PE investments – worth $ 760.17 million, nearly half in value of last year’s 112 transactions worth $1.47 billion. http://www1.wcgt.in/assets/coverage/160708/ET_160708_Pg1_Chennai...
15/07/2008 M&A engine slows down: Report - Pioneer
“The total announced value of M&A deals for the first six months of this year was at $18.54 billion as against $ 43.97 during the corresponding period in 2007,”global accounting and consulting firm Grant Thornton said. http://www1.wcgt.in/assets/coverage/150708/Pioneer_150708_Pg11...
15/07/2008 M&As, VC flows dry up in the first half of 2008 - Business Standard
The data in the monthly report of global auditing major Grant Thornton also reveal that there has been a 56 percent decline in the value of total mergers & acquisitions (M&As) to $18.54 billion in the same period. “Companies are resorting to private equity...
15/07/2008 M&A deals see 60% decline in Jan – June - Financial Express
The first half of 2008 saw the value of total M&A deals in the country decline by more than 60% compared to the first half of last year, according to the Grant Thornton Deal Tracker http://www1.wcgt.in/assets/coverage/150708/FE_150708_Pg1.jpg ...
15/07/2008 M&A deals slip to $18.54b in the first half - Financial Chronicle
CG Srividya, Partner, Valuations, Grant Thornton India, said,” While the figure of $ 18.54 billion seems like a great fall, it is actually not so, considering that over 70 percent of last year’s deals happened in the first two months. Those were extraordinary...
15/07/2008 Corporate India’s M&A drive slows down - Free Press Journal
The total value of all equity deals struck in the first half has almost halved to $26.08 billion as against $50.74billion in the same period last year, according to advisory firm Grant Thornton. http://www1.wcgt.in/assets/coverage/150708/FPJ_150708_Pg19.j...
15/07/2008 Indian M&A activity slows - Hindustan Times
“The comparison should be with more stable periods such as the (last) ten months of 2007 with M&A deal value of $ 14 billion or full year 2006 with a value of $20 billion and full year 2005 with a value of $ 16 billion” – CG Srividya , Partner, Valuations,...
15/07/2008 Slowdown halves M&A deals in H1 - Times of India
“The total announced value of M&A deals for the first six months of this year was at $18.54 billion as against $ 43.97 during the corresponding period in 2007,”global accounting and consulting firm Grant Thornton said. http://www1.wcgt.in/assets/coverage/150708/TOI_150708_Pg20_Chennai...
14/07/2008 Deserted Deal Street: Traffic skids by 14% in first half of 2008 - Economic Times
The total value of all equity deals struck in the first half has almost halved to $26.08 billion as against $50.74billion in the same period last year, according to advisory firm Grant Thornton. http://www1.wcgt.in/assets/coverage/140708/ET_140708_Pg13.jp...
10/07/2008 Because there aren’t two winners in a game - Indian Express
NDTV Awards Advertisement with Grant Thornton logo published as Process Validators>NDTV Awards Advertisement with Grant Thornton logo published as Process Validators http://www1.wcgt.in/assets/coverage/100708/IE_Pg7.pdf ...
09/07/2008 Because there aren’t two winners in a game - Business Standard
NDTV Awards Advertisement with Grant Thornton logo published as Process Validators http://www1.wcgt.in/assets/coverage/090708/BS_090708.JPG ...
08/07/2008 Pharma majors think small for big growth - DNA
Pankaj Karna, the head of mergers & acquisitions at accounting and consulting firm Grant Thornton India, goes with the former. According to him, big transactions make more business sense for larger players. “But for medium to small companies trying to enter...
07/07/2008 250 new ITIs to be set up - Hindu
According to the Assistant Director in the State Directorate of Training and Employment, Rahul Dev, a consultant Grant Thornton India Private Limited has been appointed by the State Government to conduct a study and submit a feasibility report soon http://www1...
07/07/2008 Recruiters - never out of work - Mint
“India alone will make up for 30% of the net increase in global employment, with 142 million new jobs by 2020, says Vinamra Shastri, National Staff Partner, Grant Thornton India http://www1.wcgt.in/assets/coverage/070708/Mint_070708_Pg1.jpg http://www1.wcgt...
03/07/2008 Making Pennies count - Economic Times (Corporate Dossier)
According to recent Grant Thornton study; for the months Jan – April 08, only 166 deals were conducted with a value of $ 10.73 billion as against 201 deals amounting to $ 37 billion during the corresponding period of ‘07 http://www1.wcgt.in/assets/coverage/040708/ETCD_040708_Pg3_clip1...
02/07/2008 PE firms upbeat about India story - Economic Times
“Though there are concerns about the fresh money that PE investors cab raise, the current pipeline is strong enough to last for 9 – 12 months,” says Grant Thornton, Partner, Harish HV http://www1.wcgt.in/assets/coverage/020708/ET_020708_Pg8.jpg ...
26/06/2008 Infosys ends down on fear of losing UBS - Hindu Business Line
Mr. Harish HV, Partner, Grant Thornton, said after an acquisition, the IT vendor usually does change. At the end of the day, they would have a common system, he added. http://www1.wcgt.in/assets/coverage/260608/HBL_260608_Pg16.jpg ...
25/06/2008 Market cap of India focused firm’s crosses $6b on London’s AIM - Financial Chronicle
According to data compiled by global consultancy firm Grant Thornton, the average rise in market capitalization of these stocks from their respective dates of admission till May 31, 2008 touched over 60 percent http://www1.wcgt.in/assets/coverage/250608/FinancialChronicle_250608_Pg4...
25/06/2008 India focused cos mcap in AIM crosses $6 b - Hindu Business Line
“The average increase in market capitalization of these stocks from their respective dates of admission to the end of May 2008 has been 66 per cent, compared with 52 per cent to the end of April 2008 indicating that India-focused stocks on the AIM market have...
25/06/2008 Conflict between dominant and minority shareholders - Hindu Business Line
“The board is not really central to the corporate governance malaise in India. The central problem in Indian corporate governance is not a conflict between the interests of the management and owners as in the US and the UK, but more in terms of a conflict between...
25/06/2008 Conflict between dominant and minority shareholders - Hindu Business Line
“The board is not really central to the corporate governance malaise in India. The central problem in Indian corporate governance is not a conflict between the interests of the management and owners as in the US and the UK, but more in terms of a conflict between...
24/06/2008 Indian film industry absorbs market shock - Financial Express
A study by Grant Thornton says the number of mergers & acquisitions have taken place in the sector – including Adlabs films acquisition of the Lotus five stars in Malaysia http://www1.wcgt.in/assets/coverage/240608/FE_240608_Pg8_clip1.jpg http://www1.wcgt...
24/06/2008 India centric firm’s m-cap soars on AIM - Business Standard
According to data compiled by global consultancy firm Grant Thornton, the average rise in market capitalization of these stocks from their respective dates of admission till May 31, 2008 touched over 60 percent http://www1.wcgt.in/assets/coverage/250608/BS_250608_Pg1...
21/06/2008 Grant Thornton - Political & Business Daily
Accounting and consulting firm Grant Thornton on Friday said it has appointed Anish Tripathi as partner markets and strategic services. He would develop and strengthen the company’s strategic services practice http://www1.wcgt.in/assets/coverage/300608/Political_and_BusinessDaily_210608_Pg10...
21/06/2008 Anish Tripathi joins Grant Thornton as partner - DNA
Grant Thornton India has appointed Anish Tripathi partner – markets and strategic services. Prior to the current appointment, he was directly and chief knowledge officer at KPMG and has also worked with their business advisory practice. http://www1.wcgt.in/assets/coverage/240608/DNA_210608_Pg30...
21/06/2008 Grant Thornton new partner - Financial Express
Accounting and consulting firm Grant Thornton on Friday said it has appointed Anish Tripathi as partner markets and strategic services. He would develop and strengthen the company’s strategic services practice http://www1.wcgt.in/assets/coverage/240608/FE_210608_Pg8...
20/06/2008 India Inc gears up for global acquisitions - Financial Chronicle
CG Srividya, Partner with Grant Thornton India, expects more cross –border deals by Indian firms. This will drive total M&A value to $30 -40 bn by the end of 2008 http://www1.wcgt.in/assets/coverage/240608/FC_200608_Pg4.jpg ...
20/06/2008 Deal flow gathers pace - Business India
In the first months of the current year (January-April), Grant Thornton has reported 156 deals being inked, their value estimated at a shade under $5 billion. http://www1.wcgt.in/assets/coverage/240608/BI_200608_Pg124.jpg ...
20/06/2008 Grant Thornton appoints Anish Tripathi as Partner - Hindu Business Line
Accounting and consulting firm Grant Thornton on Friday said it has appointed Mr. Anish Tripathi as Partner - Markets and Strategic Services. He would develop and strengthen the company's strategic services practice, while adding further depth to the core...
17/06/2008 IT cos with SEZ units may face tax trap - Economic Times
“If Section 10AA (7) is not changed, there could be significant implications in terms of the exemption available. But most companies are confident it will be changed and are going ahead with it, arming themselves with legal opinion. Even if the department rejects...
17/06/2008 Tax bug may nibble at IT SEZ profits - Economic Times
“If Section 10AA (7) is not changed, there could be significant implications in terms of the exemption available. But most companies are confident it will be changed and are going ahead with it, arming themselves with legal opinion. Even if the department rejects...
17/06/2008 Emerging Markets: New Opportunities - Business Today
Emerging markets are changing the competitive environment of the world. China, India and Russia are the highest rated markets in the first Grant Thornton IBR Index, based on weighted calculation of key indicators such as GDP, population, size, international...
16/06/2008 PE deals cross $6bn till May - Asian Age
“The total number of PE deals during the first five months of 2008 stands at 170, with an announced value of $6.39billion as against 159 deals amounting to $4.97 billion during the corresponding period in 2007,”global consulting major Grant Thornton said. http://www1...
16/06/2008 PE deals touch 6.4n this year - Hindu Business Line
“ The total number of PE deals during the first five months of 2008 stands at 170, with an announced value of $6.39billion as against 159 deals amounting to $4.97 billion during the corresponding period in 2007,”global consulting major Grant Thornton said...
16/06/2008 A great deal of private equity - Indian Express
“The total number of PE deals during the first five months of 2008 stands at 170, with an announced value of $6.39billion as against 159 deals amounting to $4.97 billion during the corresponding period in 2007,”global consulting major Grant Thornton said. http://www1...
16/06/2008 Indian metal companies overseas shopping spree to secure supplies - Mint
Concerns of raw material shortages and high commodity prices are spurring the acquisitive interest of Indian companies in both operative and speculative mines, said Harish HV, Partner for corporate advisory services at Grant Thornton which advises clients on...
16/06/2008 PE deals set to cross $6.4 bn - Pioneer
“The total number of PE deals during the first five months of 2008 stands at 170, with an announced value of $6.39billion as against 159 deals amounting to $4.97 billion during the corresponding period in 2007,”global consulting major Grant Thornton said. http://www1...
16/06/2008 PE deals touch $6.4 billion - Times of India
“The total number of PE deals during the first five months of 2008 stands at 170, with an announced value of $6.39billion as against 159 deals amounting to $4.97 billion during the corresponding period in 2007,”global consulting major Grant Thornton said. http://www1...
16/06/2008 PE deals touch $6.39 bn in so far this year - Business Standard
"The total number of PE deals during the first five months of 2008 stands at 170, with an announced value of $6.39 billion as against 159 deals amounting to $4.97 billion during the corresponding period in 2007," global consulting major Grant Thornton said. <...
16/06/2008 Private equity deals up - Telegraph
“The total number of PE deals during the first five months of 2008 stands at 170, with an announced value of $6.39billion as against 159 deals amounting to $4.97 billion during the corresponding period in 2007,”global consulting major Grant Thornton said. http://www1...
15/06/2008 Discriminatory Pricing - Business India
Non compete agreements are typically attached a lot of importance where the past promoters/owners were also part of the management and involved in business operations as against companies where the management is different from the owners , says CG Srividya...
14/06/2008 Deal Street..49 M&As worth US $2.92bn in May08 - Indiainfoline.com
According to Grant Thornton the total number of M&A deals in May`08 stands at 49 with a total announced value of USUS$2.92bn. The total number of M&A Deals announced in the month of May 2008 stands at 49 with a total announced value of US$2.92bn. http://www1...
14/06/2008 PE deals hit 3 yr low at 14 in May - Economic Times
Says Grant Thornton, Partner – Harish HV:”While many more PE firms are now in the market, they are taking more time to close the transaction given the state of market and valuations.” < ahref=http://www1.wcgt.in/assets/coverage/140608/ET_140608_Pg5.jpg>http://www1...
14/06/2008 M&A deals take a dip - Deccan Herald
The number of deals has fallen to 215 so far this year as against 272 transactions in the comparable period of 2007, according to data compiled by global consulting major Grant Thornton’s latest issue of Deal Tracker http://www1.wcgt.in/assets/coverage/140608/DH_140608_Pg15...
14/06/2008 All quiet on deal street, M&A value dips to 1/3rd - Indian Express
According to the latest edition of Grant Thornton’s Deal Tracker report, the level of M&A activity in Indian corporate community this year has been dramatically weaker than that of last year. http://www1.wcgt.in/assets/coverage/140608/IE_140608_Pg20.jpg ...
14/06/2008 D- street M&A traffic dips in ‘08 - Times of India
The number of deals has fallen to 215 so far this year as against 272 transactions in the comparable period of 2007, according to data compiled by global consulting major Grant Thornton’s latest issue of Deal Tracker http://www1.wcgt.in/assets/coverage/140608/TOI_140608_Pg23_Mumbai...
13/06/2008 M&As back on track, but PE firms turn coy - Economic Times
There were a total of 48 M&As, with an average ticket size of $51 million, which were strategic in nature involving Indian firms either as an acquirer or the target as per the latest Dealtracker by advisory firm Grant Thornton. This included 25 cross border...
12/06/2008 IT space to see 50% rise in M&As - Business Standard
“There will be 50% growth in the value for merger and acquisition deals in the domestic space of the IT and ITES industry,” says CG Srividya, Partner, Specialist Advisory Services, Grant Thornton < ahref=http:www1.wcgt.in/assets/coverage/130608/BS_120608_Pg6_Blore.jpg>http:www1.wcgt.in/assets/coverage/130608/BS_120608_Pg6_Blore.jpg <...
11/06/2008 Emerging India - 4Ps
As Pankaj Karna – Partner & Head - M&A, Grant Thornton India avers, “The momentum will carry on and we will see more deals being finalised in the real estate sector over the forthcoming 6 months.” < a href=http:www1.wcgt.in/assets/coverage/130608/4Ps_150608_Pg56...
09/06/2008 There\'s money build up at PE funds - Hindustan Times
Mike Thornton , Partner & Head of Valuations services at Grant Thornton Uk was in India last week to share his expertise on Valuations to the staff in India http://www1.wcgt.in/assets/coverage/090608/HT_090608_Pg25Mum_Pg27Del.jpg...
09/06/2008 Mission Globe Trot - Chartered Financial Analyst
The credit crunch will primarily affect leverage buyouts. For some acquirers, the current situation may work out advantageously as they may find acquisitions at better valuations. They have to look for alternative sources of financing, such as internal accruals,...
09/06/2008 A flawed law - Chartered Financial Analyst
Interview with Harish HV, Partner, Specialist Advisory Services, Grant Thornton India on the Competition Amendment Act < a href =http://www1.wcgt.in/assets/coverage/CFA_Pg72_A_Flawed_Law.pdf>http://www1.wcgt.in/assets/coverage/CFA_Pg72_A_Flawed_Law.pdf ...
05/06/2008 India sees 12% rise in jobs, finds study - Economic Times
According to International Business Report by global consultancy firm Grant Thornton International,Vietnam tops the employment growth index 2008 with a 14% rise in employment by privately held businesses, followed by India and China at 12% each. http://www1...
05/06/2008 12% growth in employment - Financial Express
According to International Business Report by global consultancy firm Grant Thornton International,Vietnam tops the employment growth index 2008 with a 14% rise in employment by privately held businesses, followed by India and China at 12% each. http://www1...
05/06/2008 Bangalore leads India\'s job growth - Economic Times
"Developing Asia will account for two- thirds of rise in employment growth, with India alone making up 30% of the net increase in global employment with 142 million new jobs by 2020",Vinamra Shastri,National Staff Partner, Grant Thornton India http://www1...
05/06/2008 India witnesses 12% growth in employment - Financial Express
"Developing Asia will account for two- thirds of rise in employment growth, with India alone making up 30% of the net increase in global employment with 142 million new jobs by 2020",Vinamra Shastri,National Staff Partner, Grant Thornton India http://www1...
05/06/2008 Despite slowdown IT still pushing up jobs in India - Hindustan Times
Vinamra Shastri, National Staff Partner, Grant Thornton India says, "Developing Asia will account for two- thirds of rise in employment growth, with India alone making up 30% of the net increase in global employment with 142 million new jobs by 2020". http://www1...
05/06/2008 India witnesses 12% surge in employment; Bangalore leads - Free Press Journal
"Developing Asia will account for two- thirds of rise in employment growth, with India alone making up 30% of the net increase in global employment with 142 million new jobs by 2020",Vinamra Shastri,National Staff Partner, Grant Thornton India http://www1...
05/06/2008 India posts 12% growth in employment, Bangalore leads - Times of India
"Developing Asia will account for two- thirds of rise in employment growth, with India alone making up 30% of the net increase in global employment with 142 million new jobs by 2020",Vinamra Shastri,National Staff Partner, Grant Thornton India http://www1...
05/06/2008 India posts 12% growth in employment, Bangalore leads - Afternoon
"Developing Asia will account for two- thirds of rise in employment growth, with India alone making up 30% of the net increase in global employment with 142 million new jobs by 2020",Vinamra Shastri,National Staff Partner, Grant Thornton India http://www1...
05/06/2008 India witnesses 12% growth in employment - Business Standard
"Developing Asia will account for two-thirds of rise in employment growth, with India alone making up 30 per cent of the net increase in global employment with 142 million new jobs by 2020," Grant Thornton India National Staff Partner Vinamra Shastri said....
05/06/2008 Jobs: India sees 12% growth, B\'lore leads - Rediff.com
"Developing Asia will account for two-thirds of rise in employment growth, with India alone making up 30 per cent of the net increase in global employment with 142 million new jobs by 2020," Grant Thornton India National Staff Partner Vinamra Shastri said. "It...
05/06/2008 Healthy growth in private jobs - Telegraph
“India’s growth in percentage terms is very good. But we still remain at number two because of the large base. Countries such as Vietnam, with 14 per cent growth, and Armenia, with 13 per cent growth, have topped because of smaller bases. We are a huge country...
04/06/2008 Chaebol Cheats - Business & Economy
Says Vishesh Chandiok, Partner, National management, Grant Thornton ,"There are all kind of business in every economy. By and large family businesses want to sleep easy and want to do the right thing. They like stretching their rupee to the maximum, but like...
04/06/2008 Mortice group raises 5 millionpounds at AIM - Mint
According to Grant Thornton, which was nominated financial advisor for the company, the value of the stocks from the 23 India focused companies on AIM has risen to 3.19billion pounds. http://www1.wcgt.in/assets/coverage/040608/Mint_040608_Pg9.jpg...
02/06/2008 A review of the competition law from an M&A perspective - Hindu Business Line
“We believe that while it is important to ensure competition and prevent monopolisation, it is critical that in the process of doing so, impediments are not placed to growth,” feels Mr Harish H V, Partner Specialist Advisory Services, Grant Thornton, Bangalore....
01/06/2008 Deal or no deal, India Inc is in the news - Economic Times
CG Srividya, partner, Specialist advisory services, Grant Thornton said that it is not just about clinching the deal, but to find the right fit and right price."The fit and the price have to be right for the parties on both sides of the table and are based...
01/06/2008 A review of the competition law from an M&A perspective - Hindu (Online edition)
“We believe that while it is important to ensure competition and prevent monopolisation, it is critical that in the process of doing so, impediments are not placed to growth,” feels Mr Harish H V, Partner Specialist Advisory Services, Grant Thornton, Bangalore....
31/05/2008 Mkt cap of India-focused firms on AIM increases to $6.33 billion - Times of India
According to a report by Grant Thornton, a business and financial advisor, in terms of percentage gains in the market cap, Great Eastern Energy Corporation topped the list with 596% premium on its market capitalisation on admission, or a 126% growth on compounded...
30/05/2008 India focused firms cross $6bn mark on AIM - Mint
The market capitalization of 23 India focused firms listed on AIM touched $6.33 billion from their respective dates of admission to the end of April, says a report from global consultancy Grant Thornton http://www1.gt-india.com/assets/coverage/300508/Mint_300508_Pg8...
30/05/2008 India focused firms cross $6bn mark on AIM - Asian Age
The market capitalization of 23 India focused firms listed on AIM touched $6.33 billion from their respective dates of admission to the end of April, says a report from global consultancy Grant Thornton http://www1.gt-india.com/assets/coverage/300508/AsianAge_300508_Pg14...
30/05/2008 India focused cos’ mkt cap on AIM at $6bn - Times of India
According to a report by Grant Thornton, a business and financial advisor, in terms of percentage gains in the market cap Great Eastern Energy Corporation topped the list with 596% premium on its market capitalization on admission or a 126% growth on compounded...
29/05/2008 India to catch up with US by 2050: Grant Thornton - Indiainfoline.com
“Emerging markets offer great potential for growth in a global economic slowdown scenario. Availability of low-cost yet highly educated labor force with strong work ethics, combined with rapid industrialization, technology deployment and a strong focus on infrastructure...
29/05/2008 Betting on India - Financial Express
The entry point of PE firms, says Pankaj Karna, partner & head, Mergers and Acquisitions, Grant Thornton, is better than last year. “Since many Indian companies are attaining mid sizes and looking abroad for M&A deals, infusion of PE capital will help them...
27/05/2008 India - AIM cos hit bulls - eye - Economic Times
The total market capitalisation of firms that have India at the centre of their business rose from $5.73billion in March to $6.33 billion as of April - end, according to advisory firm Grant Thornton. http://www1.wcgt.in/assets/coverage/270508/AIM/ET_270508_Pg9...
27/05/2008 India among top 3 investment destination, says report - Economic Times
India is among the top three most favoured destinations for investment and development, along with China and Russia. The three countries are followed by Mexico and Brazil,according to the International Business Report on emerging global markets by advisory...
27/05/2008 China, India most favoured investment destinations:Report - Financial Chronicle
"Emerging markets offer great potential for growth in a global economic slowdown scenario," Grant Thornton IndiaNational Markets Leader Monish Chatrath said http://www1.wcgt.in/assets/coverage/270508/IBR/Financial_Chronicle_270508_Pg8_Chennai.jpg...
27/05/2008 India,China leading destinations for investment ; Report - Hindu Business Line
According to global consultancy Grant Thornton's International Business Report 2008 on emerging global markets,China, India and Russia have emerged as the top three most favoured destinations for investment and development http://www1.wcgt.in/assets/coverage/270508/IBR/HBL_270508_Pg10...
27/05/2008 Yet another list names China, India top 2 investment destinations - Indian Express
Grant Thornton India national markets leader Monish Chatrath said,"Emerging markets offer great potential for growth in a global economic slowdown scenario. Availability of low cost yet highly educated labour force with strong work ethics, combined with fast...
27/05/2008 India,China preferred investment destinations: Report - Pioneer
"Emerging markets offer great potential for growth in a global economic slowdown scenario," Grant Thornton India National Markets Leader Monish Chatrath said. http://www1.wcgt.in/assets/coverage/270508/Pioneer_270508_Pg11.jpg...
27/05/2008 Grant Thornton report says China is most favoured nation - Times of India
"Availability of low cost yet highly educated labour force with strong work ethics, combined with fast industrialisation, technology deployment and strong focus on infrastructure development is enabling these countries to close the gap with the more affluent...
26/05/2008 Black week for Indian M&A moves - Economic Times
The Indian M&A juggernaut had been gaining for the last few years. The value of cross- border deals(both inbound and outbound) announced in 2007 has already tripled from 2006, accoring to Grant Thornton < a href=http://www1.wcgt.in/assets/coverage/260508/ET_260508_Pg6...
26/05/2008 India Inc\'s appetite for M&As may suffer double blow - Economic Times
The Indian M&A juggernaut has over the last few years got only one way to go up and up.The value of cross - border deals ( both inbound and outbound)announced in 2007 has almost tripled from 2006, according to Grant Thornton. http://www1.wcgt.in/assets/coverage/260508/ET_260508_Pg8...
26/05/2008 IPO is still a narrow route of exit for PEs in India - Financial Express
Dhanraj Bhagat , Partner, Specialist Advisory Services , Grant Thornton said,"While IPO exists may be less, many exited through strategic sales via the exchange after listing. They would have expected better returns post - listing. Also in the past few years,many...
24/05/2008 Small\'s beautiful on pharma mergers and acquistions front - Financial Express
Harish HV, Partner & Head South India, Grant Thornton,Specialist Advisory Services said," The deals already done by some firms are big, so it takes time for these companies to digest them. Once the deals are digested, the companies will come forward for more." ...
19/05/2008 Slowdown in M&A deals - Hindu Business Line
"Going forward, the mindtree deal will add significantly to the May numbers, and hopefully also influence other mid-sized companies to look at similar transactions for scaling up operations," Mr. harish HV , Partner,Specialist Advisory Services,Grant Thornton...
19/05/2008 Managing Risk: a new opportunity - Mint
Since the mandatory regulations have come into force,every consulting engagement has a certain degree of risk management today,"says Monish Chatrath, National Markets Leader at Grant Thornton http://www1.wcgt.in/assets/coverage/190508/Mint_190508_Pg1_clip3...
19/05/2008 Goodwill Hunting - Business World
Writing big cheques is of no use if the comapny is abusing its workers,"laments partner at consultancy Grant Thornton India, Anil Roy http://www1.wcgt.in/assets/coverage/190508/BW_190508_Pg35.jpg http://www1.wcgt.in/assets/coverage/190508/BW_190508_Pg30_clip1...
18/05/2008 Protect the password - Economic Times
It is important that passwords giving access to use of credit cards and other financial instruments be carefully drafted and retained only mentally,"advises Khushroo Panthaky, Partner, Accounting & Assurance services, Walker Chandiok Grant Thornton http://www1...
18/05/2008 FICCI- SEDF CSR Award - Financial Express
The entries received were scrutinised by Grant Thornton, International Accountants & Business Advisors on pre - defined parameters http://www1.wcgt.in/assets/coverage/180508/FE_180508_Pg12.jpg...
17/05/2008 Surged - Business Today
According to Grant Thornton India,this compares with 136 PE deals worth $3.42 billion in the same period last year http://www1.wcgt.in/assets/coverage/170508/BT_170508_Pg32.jpg...
17/05/2008 Changing stakes slowing down - Outlook Business
Grant Thornton data tables on M&A and PE deals Ma href=http://www1.wcgt.in/assets/coverage/170508/Outlookbiz_170508_pg21.pdf>http://www1.wcgt.in/assets/coverage/170508/Outlookbiz_170508_pg21.pdf...
17/05/2008 Changing stakes good pickings - Outlook Business
Grant Thornton deal tables on M&A and Private equity http://www1.wcgt.in/assets/coverage/170508/OutlookBiz_170508_Pg23.jpg ...
16/05/2008 India\'s Global M&A Boom - Business Week
"It's not that the Indian companies splurged on outlandish assets, like the Japanese did in the 1980s," says H.V. Harish, a partner at Grant Thornton http://www1.wcgt.in/assets/coverage/160508/BusinessWeek.doc ...
15/05/2008 Pharma cos on buying spree - Economic Times
According to Grant Thornton Partner and Head (M&A) Pankaj Karna , the larger number this year marks a correction from the lean phase last year and Indian companies would continue to scout for assets in overseas markets."Last year was a quite period for the...
12/05/2008 More deals more heads - Business World
As PE deals go up in the region this year,funds need to hire more managers and not just to identify targets to invest in but also to bring fresh expertise into the companies that they have acquired stakes in," says Harish HV , Grant Thornton's partner for...
12/05/2008 Slump hits M&As too, April see only 9 deals - Financial Express
According to the data from Grant Thornton, February saw 17 domestic deals on the local shores while in March the number dipped to 13 and it further slipped down to nine deals in April. Though there has been a rise in the total number of merger & acquisition...
12/05/2008 Pvt equity funds cash in on IPO lull - Hindu Business Line
According to Grant Thornton data, the total number of private equity deals during the first four months of 2008 stood at 156, with an announced value of $4.94 billion, against 136 deals amounting to $3.42 billion announced during the corresponding period last...
12/05/2008 Realty sucks in PE money even as deals fall - Hindustan Times
For the four months January - April 2008, 33 percent of private equity money has gone into real estate according to a report by global audit and consulting firm Grant Thornton < ahref=http://www.wcgt.in/assets/coverage/120508/HT_120508_Pg25.jpg>http://www...
09/05/2008 PE deals value up 31% between Jan – April - Mint,
The value of private equity deals went up by 31% to $4.94billion (Rs 20,649 crore) across 156 deals between January and April 2008 according to consulting firm Grant Thornton India http://www1.wcgt.in/assets/coverage/090508/Mint_090508_Pg16_MumDelChan.jpg...
09/05/2008 Indian M&As drop in January-April - Grant Thornton - Reuters
Mergers and acquisitions involving Indian companies fell to less than a third in value at $10.73 billion in the first four months of 2008, from $37.82 billion in same period last year, data tracking firm Grant Thornton said. http://www1.wcgt.in/assets/coverage/090508/Reuters...
09/05/2008 Bull run: PE fair sees $1.3b investment - Times of India (Delhi)
As per a report by consultancy firm Grant Thornton a total of 32 PE deals valued at $560 million were announced in April 08.March saw greater PE action as funding worth $1.2billion has entered the country. http://www1.wcgt.in/assets/coverage/090508/TOI_090508_Pg27_Delhi...
09/05/2008 M&A value falls 71% in Jan – Mar - Times of India (Mumbai)
The total number of M&A deals announced in the month of April 2008 stands at 41 with a total announced value of $1.09 billion; according to a Grant Thornton study. http://www1.wcgt.in/assets/coverage/090508/TOI_090508_Pg23_Mumbai.jpg ...
08/05/2008 With $560 m in April, PE deals at one year low - Economic Times
Says Grant Thornton partner, corporate advisory services Harish HV, “For one, valuation have got corrected in the market. Moreover, today PE is probably the prime source of funds for corporates given the state of markets and the PE firms are taking advantage...
08/05/2008 April count: PE deals at a trickle, M&As pick up - Economic Times
Says Grant Thornton partner, corporate advisory services Harish HV, “For one, valuation have got corrected in the market. Moreover, today PE is probably the prime source of funds for corporates given the state of markets and the PE firms are taking advantage...
08/05/2008 Currency derivatives: The happening scare in the accounting world - Hindu (Online) and Hindu Business Line
“The recent trend of losses is definitely part of India Inc.’s learning curve on handling these kinds of instruments,” observes Mr Sai Venkateshwaran, Partner, Assurance, Grant Thornton, Mumbai. “These instruments can be effectively used to manage risks and...
07/05/2008 Experts bet big on London bourse’s alternative mkt - Financial Express
Mahad Narayanamoni, partner, transaction advisory services, Grant Thornton India, said, “We are currently ‘live’ on 9 transactions and also in active discussions with several Companies across the country about listing on the AIM market in the coming months.” “Promoters...
06/05/2008 Strong 2008 seen for PE/VC firms after record 2007 - Mint
Four – S’ estimate is higher than those made by others such as accounting and business advisory firm Grant Thornton India, which accounted $17.14 billion in such investments between Jan and 15 December 2007, versus $ 7.8 billion in 2006 http://www1.wcgt.in/assets/coverage/080508/Mint_060508_Pg18_clip2...
05/05/2008 RSM sees large India growth, plans to treble workforce - Hindustan Times
RSM is ranked globally after PricewaterhouseCoopers, KPMG, Deloitte, Ernst & Young and Grant Thornton http://www1.wcgt.in/assets/coverage/080508/HT_050508_Pg25.jpg ...
05/05/2008 Time to buy - Outlook Business
“Home grown companies have always been less enthusiastic about paying such high valuations for local assets,” says Harish HV, Partner, Grant Thornton India, Grant Thornton. http://www1.wcgt.in/assets/coverage/080508/OutlookBiz_050508_Pg56_clip2.jpg http://www1...
04/05/2008 Global Biz - Business World
Despite the ongoing turbulence in the world financial markets, companies will continue to grow through acquisitions, says Grant Thornton international on its International Business Report http://www1.wcgt.in/assets/coverage/290408/BW_050508_Pg14.jpg ...
02/05/2008 Greater Noida land rates also revised - Times of India
The authority said the architect Charles Correa was being placed by Grant Thornton's firm for desugning and developing the city centre at Sector 25A> http://www1.wcgt.in/assets/coverage/020508/TOI_020508_Pg7.jpg...
02/05/2008 Noida land rates up by 20 - 25% - Pioneer
The site is proposed to be developed on the pattern of Connaught Place of the Capital http://www1.wcgt.in/assets/coverage/020508/Pioneer_020508_Pg2.jpg...
30/04/2008 India focused cos miss AIM,trade well below offer price - Economic Times
Of the 24 India focused firms listed on London's AIM exchange, 13 closed the financial year with negative returns since they got listed, according to advisory firm Grant Thornton's AIM tracker http://www1.wcgt.in/assets/coverage/300408/ET_300408_Pg13.j...
29/04/2008 Global Biz - Business World
Despite the ongoing turbulence in the world financial markets, companies will continue to grow through acquistions, says Grant Thornton international on its International Business Report http://www1.wcgt.in/assets/coverage/290408/BW_050508_Pg14.jpg...
29/04/2008 Infrastructure, realty reel in some big bucks - DNA
Data from Grant Thornton reveal that of the 19.03 billion worth of private equity deals done in India in 2007,$6.76 billion or 35.5% was accounted for by the real estate/ infrastructure sector http://www1.wcgt.in/assets/coverage/290408/DNA_290408_Pg23.jpg http://www1...
28/04/2008 Dealing with goodwill impairment post-deals - Hindu Business Line
Occurrences such as these are a possibility, says Ms C. G. Srividya, Partner (Valuation Services), Grant Thornton. “It is necessary to assess and account for the acquired entity, its assets and liabilities acquired not only at the time of acquisition, but also...
28/04/2008 Over half of India - focused firms miss AIM,trade below offer price - Economic Times
Of the 24 India-focused firms listed on London's AIM wxchange, 13 closed the financial year the negative returns since when they got listed, according to advisory firm Grant Thornton's AIMtracker http://www1.wcgt.in/assets/coverage/280408/ET_280408_Pg8_Delhi...
26/04/2008 Dealing with goodwill impairment post deals - Hindu
Occurrences such as these are a possibility, says Ms C.G. Srividya, Partner (Valuation Services), Grant Thornton. “It is necessary to assess and account for the acquired entity, its assets and liabilities acquired not only at the time of acquisition, but also...
24/04/2008 India,China upbeat on partnerships - Times of India
Privately hels businesses in the fast growing economies such as mainland China and India see international M&A as one means of progressing up the value chain through acquistion of brands and distribution channels in North Americs and Europe,"Grant Thornton...
24/04/2008 Half of privately held businesses to grow via acquisitions - Mint (Online)
A Grant Thornton study says despite the current turbulence in the global financial markets, many of these are also looking at cross border deals.Pankaj Karna, M&A partner, Grant Thornton India says this reflects the current positive attitude amongst business...
24/04/2008 Privately held cos to grow through M&As - Financial Express
Says Pankaj Karna, M&A partner, Grant Thornton India, “Whilst PHBs may not be conducting headline grabbing deals that catch the public's interest, they are increasingly becoming more confident and successful in transacting internationally. In particular,...
24/04/2008 Business India Index - Business India
Recruitment and Retention; the quest for the right talent , International Business Report 2008, Grant Thornton http://www1.wcgt.in/assets/coverage/2504/BI_040508_Pg13.pdf...
24/04/2008 Business India Index - Business India
Recruitement and Retention , the quest for the right talent, International Business Report 2008, Grant Thornton http://www1.wcgt.in/assets/coverage/2504/BI_040508_Pg13.pdf...
23/04/2008 Indian, Chinese businessmen game for M&As: Study - Financial Express (Online edition)
"Privately held businesses (PHBs) in the fast growing economies such as mainland China and India see international M&A as one means of progressing up the value chain through acquisition of brands and distribution channels in North America and Europe," Grant...
23/04/2008 India, China private business owners upbeat on M&As - HIndu (Online Edition)
"Privately held businesses (PHBs) in the fast growing economies such as mainland China and India see international M&A as one means of progressing up the value chain through acquisition of brands and distribution channels in North America and Europe," Grant...
22/04/2008 Indian firms putting off AIM listing - Business Standard
In November last year, nominated advisor on AIM and UK-based international accounting and business advisory firm, Grant Thornton, was in talks with 60 companies for a possible listing. http://www1.wcgt.in/assets/coverage/220408/BS_220408_Pg1.jpg ...
21/04/2008 India shares 1% of $1tn global deals - Asian Age
The number of M&A deals involving Indian companies this year stood at 125 at the end of March, with a total value of $9.64 billion,according to global consultancy firm Grant Thornton. http://www1.wcgt.in/assets/coverage/210408/AA_210408_Pg17_clip1.jpg http://www1...
21/04/2008 Global M&A deals cross $1 trillion - Deccan Herald
The number of deals involving Indian companies this year stood at 125 at the end of March with a total value of $9.64 billion according to Grant Thornton http://www1.wcgt.in/assets/coverage/210408/DH_210408_Pg13.jpg ...
21/04/2008 Value of M&A deals falls 72% - Mint
The number of deals involving Indian companies this year stood at the end of March with a total value of $9.64 billion according to global consultancy firm Grant Thornton Llp http://www1.wcgt.in/assets/coverage/210408/Mint_210408_Pg10.jpg ...
21/04/2008 India holds mere one per cent share in global M&As - Pioneer
The number of deals involving Indian companies this year stood at 125 at the end of March, with a total value of $9.64 billion dollar accordingto global consultancy firm Grant Thornton http://www1.wcgt.in/assets/coverage/210408/Pioneer_210408_Pg11.jpg...
21/04/2008 Global M&As cross $1tr in \'08 - Times of India
The number of deals involving Indian companies this year stood at 125 at the end of March , with a total value of $9.64 billion,according to global consultancy firm Grant Thornton. http://www1.wcgt.in/assets/coverage/210408/TOI_210408_Pg25.jpg ...
20/04/2008 Its no big deal - Economic Times
The total number of M&A deals during January to March 3008, stands at 125, with an announced value of $9.64 bn against 148 deals amounting to $33.85bn during the corresponding period in 2007, according to the latest deal tracker of advisory firm Grant Thornton <...
20/04/2008 Dark clouds on Dalal Street - Business Today
Mention of Grant Thornton deal tables http://www1.wcgt.in/assets/coverage/200408/BT_200408_Pg93.jpg http://www1.wcgt.in/assets/coverage/200408/BT_200408_Pg94.jpg http://www1.wcgt.in/assets/coverage/200408/BT_200408_Pg95.jpg ...
15/04/2008 IT-ITeS sees 23 M&As at $287 m in Jan-March - Economic Times
“Companies are not taking decisions for two reasons. One, they’re hoping for valuations to get even better as valuations have take a beating globally. The other reason is that they are still evaluating how much their businesses are going to be affected by the...
15/04/2008 Indian M&A deals slump 71% in Q4 - Business Standard
Says Harish H V, partner, Grant Thornton, "Outbound deals have seen an upswing because valuations have fallen globally, making it easier for Indian companies to acquire firms there and the trend will continue. However, it will be difficult to finance large...
15/04/2008 M&As lose steam in Q4 2007 -08 - Indian Express
While the number of deals fell marginally from 148 to 125 in 2008, the deal value has slumped from $33.85 billion to $9.64 billion , according to a Grant Thornton study. http://www1.wcgt.in/assets/coverage/150408/IE_150408_Pg17_Delhi.jpg...
15/04/2008 India Inc M&A deals cross $9.64 billion - Deccan Herald
The total number of deals stood at 125 with an announced value of US $9.64billion during the first three months this year, against the 148 deals amounting to US $33.85 billion announced during the corresponding period in 2007, according to global consultancy...
14/04/2008 PE deals hit the road again, but M&As dry up - Economic Times
"There's a definite slack in momentum in PE deals for 2-3 weeks following the market crash, which affected deal flows in February. However, we see PE firms getting back with transactions through large deals in February," according to Grant Thornton partner...
14/04/2008 More Indian firms take outsider view for career management - Mint
A few months ago, real estate player Omaxe Ltd hired global consulting firm Grant Thornton to not only assess the performance and potential of its employees but also help the company in driving human resources strategically for the company’s growth. “By roping...
14/04/2008 3i raises $1.2bn India Infrastructure fund - Financial Express
According to experts, private equity investments in India have witnessed significant growth during 2007.PE deals have increased from $1.1billion (60deals) in 2004 to $2 billion in 2005 to $ 7.9 billion in 2006 to $19.03 billion in 2007. Moreover, the value...
10/04/2008 CMS McKenna,Grant Thornton to advise Rlys on Delhi station revamp - Hindu Business Line
London based legal firm CMS Cameron Mckenna would provide legal consulting services to India railways for the New Delhi railway station redevlopment programme, while Grant Thornton will provide advisory services on the financial issues http://www1.wcgt.in/assets/coverage/HBL_100408_Pg7...
08/04/2008 Big sales force to back Maruti’s D’zire in the market - Hindu Business Line (Print & Online)
Grant Thornton’s partner and lead of the auto focus team,Mr Mohan Ramakrishna said, Maruti Suzuki has learnt that commitment to the market alone is rewarded the most. “Maruti also has plans to focus on tier II, III cities in India where the information technology,...
07/04/2008 Now, a $ 1 -b core fund from ex - coke CEO - Economic Times
According to advisory firm Grant Thornton, in 2007, real estate and infrastructure attracted $6.7 billion worth of investments through 61 private equity deals http://www1.wcgt.in/assets/coverage/070408/ET_070408_Pg1.jpg http://www1.wcgt.in/assets/coverage/070408/ET_070408_Pg10...
06/04/2008 Match report - Hindustan Times
Harish HV,partner(Corporate Advisory)at Grant Thornton says,"Unlike many foreign companies here,Indian companies buying abroad often retain the senior management team of the acquired entity. They do not want to downsize too much but they prefer to post their...
03/04/2008 Pvt cos increase focus on retention policies: Thornton - Economic Times (Online)
Pvt cos increase focus on retention policies: Thornton According to a report by global consultancy firm Grant Thornton, "Businesses across the globe, particularly in Vietnam, mainland China, Botswana, India and Mexico appear to be more focused on recruitment...
03/04/2008 Private firms focus on retaining staff - Hindustan Times
Privately held firms in emerging economies such as India,China and Vietnam have increased their focus on recruitment and retention policies, which is evident from the higherstaff costs incurred this year, global consultancy firm Grant Thornton has said, http://www...
03/04/2008 Private firms increase focus on retention policies - Financial Express
According to a report by global consulancy firm Grant Thornton, "Businesses across the globe, particularly in Vietnam, mainland China, Botswana, India and Mexico appear to be more focused on recruitment and retention of their staff , than they were 12 months...
31/03/2008 The buyout boys - Business World
Even when a slowdown is in sight, Blackstone's team in India has a great deal going for it. Grant Thornton's league table on total private equity deals done in India since 2005 http://www.gt-india.com/press/coverage_mar08/310308/Businessworld1.jpg http://www...
30/03/2008 Pvt equity funds eye stake in IPL franchisees - Hindu Business Line
Grant Thornton’s partner for specialist advisory services, Ms C.G. Srividya said that as a business it offers private equity players a diversified investment option as it is fairly insulated from issues such as the sub-prime crisis, dollar depreciation, US...
28/03/2008 India Inc\'s M&A value $6 bn in 2 months - Financial Express
"There have been 92 merger and acquistion deals worth $5.96 billion in the first two months of 2008," Grant Thornton said in its latest issue 'Dealtracker' < a href=http://www.gt-india.com/press/coverage_mar08/fe_280308_pg2_mumblore.jpg>http://www.gt-india...
28/03/2008 India Inc\'s M&A value touches $6 bn in first two months - Hindu (online)
"There have been 92 merger and acquisition deals worth USD 5.96 billion in the first two months of 2008," Grant Thornton said in its latest issue 'Dealtracker'. http://www.gt-india.com/press/coverage_mar08/hindu_online.doc ...
28/03/2008 Indian firms ink $6b deals in 2008 - Asian Age
There have been 92 M&A deals worth $5.96 billion in the first two months of 2008,"Grant Thornton said in its latest issue of Deal Tracker. http://www.gt-india.com/press/coverage_mar08/aa_280308_pg_15_mumkol.jpg...
27/03/2008 The big game hunter - Times of India
"Eventually managing all these brands and integrating them would be a key challenge," says Pankaj Karna, head of M&A s at Grant Thornton. http://www1.wcgt.in/assets/coverage/270308/TOI.doc http://www1.wcgt.in/assets/coverage/270308/TOI_270308_Pg1_Mum.jpg http://www1...
27/03/2008 Tata-Ford deal to augur well for Indian M&A scene: Analysts - Economic Times
The total number of M&A deals announced in the month of January this year stood at 56 with a total announced value of $ 3.01 billion, while in the month of February, there were as many as 36 M&A deals with a total announced value of $2.95 billion, according...
26/03/2008 India centric AIM cos beat Sensex peers - Economic Times (Mumbai)
Says CG Srividya, partner at Grant Thornton Corporate Advisory Services, “The performance of India-focussed firms listed on AIM was also better than other international firms in the same sectors listed on AIM. This could be due to the fact that India-focussed...
26/03/2008 AIM\'s India firms outgun Sensex cos - Economic Times (Delhi)
Says CG Srividya, partner at Grant Thornton Corporate Advisory Services, “The performance of India-focussed firms listed on AIM was also better than other international firms in the same sectors listed on AIM. This could be due to the fact that India-focussed...
26/03/2008 AIM listed cos outdo sensex - Economic Times ( Blore)
Says CG Srividya, partner at Grant Thornton Corporate Advisory Services, “The performance of India-focussed firms listed on AIM was also better than other international firms in the same sectors listed on AIM. This could be due to the fact that India-focussed...
24/03/2008 Innovation focused funds may open new vistas for Indian cos - Economic Times(Mumbai & Delhi)
Outside of the innovation space, cross border M&A could potentially support focused funds as well. According to Deal Tracker by Grant Thornton,in 2007 ,Indian companies well over 200 overseas acquistions.Almost all of these acquistions were funded by cash...
24/03/2008 Innovation-focused funds may open new vistas for Indian cos - Indiainfoline.com
Outside of the innovation space, cross border M&A could potentially support focused funds as well. According to Dealtracker by Grant Thornton, in 2007, Indian companies well over 200 overseas acquisitions. http://www1.wcgt.in/assets/coverage/240308/Indiainfoline...
24/03/2008 India,China private biz owners upbeat on M&As - Financial Express
Privately held businesses in the fast growing economies such as mailand China and India see international M&A as one means of progressing up the value chain through acquistion of brands and distribution channels in North America and Europe,"Grant Thornton...
23/03/2008 IT sees dip in merger & acquisition deals in value terms - Hindu Business Line
“Clearly the slowdown is reflecting in the value. The correction is being driven by the dollar play as well as the global meltdown. The IT stocks are coming off their highs and the companies are also tightening their belt,” Mr Harish H V, Partner- Corporate...
16/03/2008 Make investment decisions based on quarterly results - Economic Times (Print & Online)
Explains Monish Chatrath, national markets leader, Grant Thornton India: ”There could be problems too for those looking to buy and sell stocks based on fundamentals alone. While an analysis of the fundamentals can generally indicate whether a company’s business...
15/03/2008 Pvt equity deals on the rocks after market slump - Hindustan Times( Print & Online)
However, PE funds have completed over 27 deals during February. The total valuation of these deals would be around $1.48 billion, according to a Grant Thornton study. India Inc recorded deals worth $5.06 billion in 116 mergers and acquisitions and PE deals...
12/03/2008 Guide to Valuation - Dare Magazine
Whether you are an established company or startup, valuation is an important tool that provides you the power to negotiate Interview with Harish HV, Grant Thornton India ...
12/03/2008 Retention route - Tribune
Smaller firms adopt employee-centric policies About 71 per cent actively promote workforce health, 64 per cent promote equality and diversity and 62 per cent have flexible working practices, benefits that have previously been associated with large employers,...
12/03/2008 Dealmaking in India may have slowed down: GT Report - Moneycontrol.com
Dealmaking in India seems to have slowed down a little. That seems to be the case, if one goes by Grant Thornton's latest deal report. According to the accountancy firm, this February saw 36 deals worth 2.95 billion dollars being announced. In January, 56...
11/03/2008 India Inc M&A deals touch $2.9 bn in Feb: Grant Thornton - Economic Times (Online)
The total number of M&A deals announced in the month of February this year stood at 36 with a total announced value of 2.95 billion dollar and the most significant deal was the merger of two financial entities HDFC Bank and CBoP, global consultancy firm Grant...
11/03/2008 India Inc M&A deals touch $2.9 bn in Feb - Deccan Chronicle
The total number of M&A deals announced in the month of February this year stood at 36 with a total announced value of 2.95 billion dollar and the most significant deal was the merger of two financial entities HDFC Bank and CBoP, global consultancy firm Grant...
11/03/2008 India Inc M&A deals touch $2.9 bn in Feb - Asian Age
While there were 17 domestic deals in February 2008, wherein both acquirer and target companies were Indian with an announced value of 2.47 billion dollar, there were 19 cross-border deals with an announced value of 0.47 billion dollar, Grant Thornton added http://www1...
11/03/2008 India Inc\'s Feb M&A deals touch $2.9 bn - Indian Express
The total number of M&A deals announced in the month of February this year stood at 36 with a total announced value of 2.95 billion dollar and the most significant deal was the merger of two financial entities HDFC Bank and CBoP, global consultancy firm Grant...
11/03/2008 M&A deal volumes touch $2.9 bn in Feb - Mint
The total number of M&A deals announced in the month of February this year stood at 36 with a total announced value of 2.95 billion dollar and the most significant deal was the merger of two financial entities HDFC Bank and CBoP, global consultancy firm Grant...
11/03/2008 Deal flow slows due to global meltdown - Indiainfoline.com
A total of 63 deals (M&A and PE) took place in February compared to January`s record 116 deals, reveals the latest issue of Dealtracker by Grant Thornton The action on the deal street reduced considerably last month from January on the back of the precarious...
11/03/2008 India Inc M&A deals touch $2.9 bn in Feb: Grant Thornton - India PE.com
The total number of M&A deals announced in the month of February this year stood at 36 with a total announced value of 2.95 billion dollar and the most significant deal was the merger of two financial entities HDFC Bank and CBoP, global consultancy firm Grant...
11/03/2008 India Inc M&A deals touch $2.9 bn in Feb - Pioneer
The total number of M&A deals announced in the month of February this year stood at 36 with a total announced value of 2.95 billion dollar and the most significant deal was the merger of two financial entities HDFC Bank and CBoP, global consultancy firm Grant...
10/03/2008 Govt to pick consultant, set up apex pharma research institutes - Mint (Print & Online)
The proposed Nipers will give master’s and doctoral degrees in various branches of drug study Deloitte Touché Tohmatsu India Pvt. Ltd, Ernst and Young Pvt. Ltd, Feedback Ventures Pvt. Ltd, Grant Thornton UK Llp., International Finance Corp., PricewaterhouseCoopers...
10/03/2008 Market meltdown leaves PIPE deals in limbo - Financial Express (Print & online)
Harish HV, partner, specialist advisory services, Grant Thornton, reckons: “We would expect some slowdown in the first quarter of 2008 as Companies adjust to new realities of valuations, away from the dizzying heights up to December. Once that is settled and...
10/03/2008 Deal Street runs out of gas as markets slip - Economic Times ( Print & Online)
The total number of strategic stake deals announced in February was 36, aggregating $2.95 billion. In addition, there were 27 private equity deals worth $1.48 billion, according to the latest data from advisory firm Grant Thornton. Says Harish HV, partner,...
08/03/2008 Surpassed - Business Today
As many as 60 private equity deals took place in january as against 56 M&A transactions, according to global consulting firm Grant Thornton http://www.gt-india.com/press/coverage_mar08/080308/bt_080308_pg30.jpg...
07/03/2008 P Chidambaram and N.R. Narayanamurthy honor NGOs at the India NGO Awards 2007 - Indiainfoline.com
The Awardees were selected after a rigorous process of audits and multiple rounds of elimination conducted by the knowledge partners Grant Thornton and the eminent panel of jury members comprising of Ramesh Ramanathan (founder of Janaagraha Centre for Citizenship...
06/03/2008 What happens after the acquisition is done? - Daily News & Analysis (DNA)
According to a report released in December 2007 by accounting and consultancy firm Grant Thornton India,the value of foreign acquisitions by Indian companies last year, exceeded that of inbound acquisitions as well as overall FDI coming into the country. Says...
03/03/2008 Golden Handshake - 4Ps
Get savvy about greatest private equity deals last year According to Harish HV of Grant Thornton ,"In India, PE is understood as capital being invested typically through a LP (Limited Partnership) structure by domestic and international institutions to take...
03/03/2008 Rendezvous Vishesh Chandiok, Partner, Grant Thornton - 4Ps
He's a valuable advisor to businesses with global dreams or should we call him the prized merchant of the great Indian dream http://www1.wcgt.in/assets/coverage/4Ps_030308_Pg92.jpg http://www1.wcgt.in/assets/coverage/4Ps_030308_Pg93.jpg...
27/02/2008 A plea for stability from Budget 2008, foremost - Mint online
S Gayathri, partner, tax and regulatory services, Grant Thornton India Contrary to the profile of a routine annual exercise, devoid of sensational policy changes and amendments in other countries of significance, the Budget in India has come to be virtually...
27/02/2008 Scrap anomalous Cenvat rule on duty-exempt pharma products - Mint Online
Karishma Popat, partner, Transfer Pricing, Grant Thornton India...
27/02/2008 Wanted: A clear roadmap to GST in Budget 2008-09 - Mint online
Amrita Mitra, partner, indirect tax, Grant Thornton India The Centre and states should have a dual structure wherein they divide items on which each can impose uniform levy of GST and avoid double taxation http://www.gt-india.com/press/coverage_feb08/280208/mint_online...
27/02/2008 Time to have an integrated approach under the aegis of a unified policy to cement India’s place in the global arena. - Mint online
Sanath Ramakrishna, partner – tax & regulatory services, Grant Thornton India It’s quipped that the Government’s policy of non-interference augured well for the Information Revolution. Now, if India has to unleash its true potential and become a global superpower,...
27/02/2008 PEs look beyond metros for value picks - Economic Times
“The trend will definitely continue this year,” says Harish HV, Partner, Corporate Advisory, Grant Thornton India http://www.gt-india.com/press/coverage_feb08/270208/et_270208_pg6.jpg http://www.gt-india.com/press/coverage_feb08/270208/et_270208_pg11.jpg ...
27/02/2008 Expert roped in - Business India
Grant Thornton India has recently roped in Amrita Mitra as partner and all India head for Indirect tax Based, in Mumbai, Mitra has around 18 years of experience working on assignments like indirect taxes, litigation and advisory services. ...
26/02/2008 PE deals outnumber M&A transactions in Jan 2008: Study - IndiaPE.com
Indian companies announced as many as 60 private equity deals as against 56 M&A transactions, according to the data compiled by global consultancy firm Grant Thornton. However, the total value of PE deals was lower at 2.05 billion dollars compared to $3.01...
26/02/2008 PE deals outnumber M&A transactions in Jan 2008: Study - Financial Express (Online)
Indian Companies announced as many as 60 private equity deals as against 56 M&A transactions, according to the data compiled by global consultancy firm Grant Thornton. However, the total value of PE deals was lower at 2.05 billion dollars compared to 3.01 billion...
26/02/2008 Small is attractive to PE fund - Economic Times
“The trend will definitely continue this year,”says Harish HV, Partner, Corporate Advisory, Grant Thornton India http://www.gt-india.com/press/coverage_feb08/260208/et_260208_pg16_kol.jpg ...
26/02/2008 India Inc prefers PEs over M&As - Deccan Herald
Indian companies announces as many as 60 private equity deals as against 56 M&A transactions, according to the data compiled by global consultancy firm Grant Thornton http://www.gt-india.com/press/coverage_feb08/260208/dh_260208_pg11.jpg ...
26/02/2008 PE deals surpass M&As in Jan 2008 - Times of India
Indian companies announces as many as 60 private equity deals as against 56 M&A transactions, according to the data compiled by global consultancy firm Grant Thornton http://www.gt-india.com/press/coverage_feb08/260208/toi_260208_pg28_delhi.jpg ...
25/02/2008 IT/ITeS firms optimistic of STPI scheme extension - Mint online
Geeta Tolia and Tabrez Hanif of Grant Thornton India The IT / ITeS sector has grown phenomenally over the past decade and is a key contributor to the Indian economy today. With Union Budget 2008 around the corner, players in the IT/ ITeS sector have some...
25/02/2008 Slump fears dent Indian M&As, , - Business Standard
Harish HV, partner,Grant Thornton,said,”In – bound deals will see a slowdown because today almost every foreign player is present in India. The government will have to open up new sectors like retail to attract more in-bound FDI http://www.gt-india.com/press/coverage_feb08/250208/bs_250208_pg10_mumbaidel...
24/02/2008 India focused firms slowly making a mark on LSE - Times of India (Property)
According to a report compiled by advisory firm Grant Thornton, the combined market cap of 25 such India focused companies listed on the AIM, have shot up 87% since the time they got listed http://www.gt-india.com/press/coverage_feb08/240208/toi_clssifieds...
24/02/2008 March Past - Economic Times
“These aspects need to be balanced with liquidity and risk factors.Say,for example ,interest from bank deposit may be 9% but it would be taxable in the hands of the recipient,” explains S Gayathri, partner , tax & regulatory services, Grant Thornton India http://www.gt-india.com/press/coverage_feb08/240208/et_240208_pg11_mumdel_clip2.jpg http://www.gt-india.com/press/coverage_feb08/240208/et_240208_pg11_mumdel.jpg ...
23/02/2008 PEs, strategic investors strike $5 bn deals on D-Street in January - Economic Times (Online Edition)
The previous high was in January 2007 when there were 101 deals announced in a single month. In January 2008, according to the latest dealtracker from advisory firm Grant Thornton, there were 56 M&A deals worth $3.01 billion and 60 PE deals worth $2.05 billion....
23/02/2008 Deal street’s off to a flyer, sees 116 pacts in Jan - Economic Times
Says Grant Thornton, Corporate Advisory Services partner CG Srividya: “A lot of the deals announced in January would have actually been closed by December itself. Moreover, if we look at the stock market correction, it has not led to total collapse of all sectors;...
23/02/2008 Investors ,funds strike a deal every 6 hours, - Economic Times (Kol)
Says Grant Thornton, Corporate Advisory Services partner CG Srividya: “A lot of the deals announced in January would have actually been closed by December itself. Moreover, if we look at the stock market correction, it has not led to total collapse of all sectors;...
23/02/2008 Bearish Jan churns out record M&A, PE deals - Economic Times (Delhi)
Says Grant Thornton, Corporate Advisory Services partner CG Srividya: “A lot of the deals announced in January would have actually been closed by December itself. Moreover, if we look at the stock market correction, it has not led to total collapse of all sectors;...
23/02/2008 At 116,Jan churns out record M&A,PE deals - Economic Times (Blore,Chennai)
Says Grant Thornton , Corporate Advisory Services partner CG Srividya: “ A lot of the deals announced in January would have actually been closed by December itself.Moreover, if we look at the stock market correction, it has not led to total collapse of all...
22/02/2008 Propelling FDI through tax reforms and exit mechanisms - Mint online
Pallavi J Bakhru, partner- tax and regulatory services, and director- International Business Centre, Grant Thornton India India has emerged as the most attractive destination for global foreign direct investment (FDI) in 2007 after China, ahead of the United...
22/02/2008 Grant Thornton India Unveils new brand identity - Yahoo.com
Grant Thornton India on Tuesday unveiled its new brand identity, in a bid to make it instantly recognisable as a part of the Grant Thornton International organisation "The new brand actively demonstrates our membership of a leading global organisation that...
22/02/2008 Grant Thornton India unveils new brand identity - Kerela Next.com
Grant Thornton India today unveiled its new brand identity, in a bid to make it instantly recognisable as a part of the Grant Thornton International organisation. "The new brand actively demonstrates our membership of a leading global organisation that gives...
22/02/2008 Big risks in a British tax plan for wealthy foreigners - International Herald Tribune
A poll by the accounting firm Grant Thornton found that 42 percent of wealthy Indians, Pakistanis, Sri Lankans and Bangladeshis in Britain for tax purposes are preparing to leave. http://www.gt-india.com/press/coverage_feb08/220208/international_herald tribune...
22/02/2008 January sees 56 M&A deals worth US$3bn: Grant Thornton - Indiainfoline.com
The total number of Mergers & Acquisitions (M&A) in January stood at 56 with a total announced value of US$3bn, according to the latest Dealtracker issue of consultancy firm Grant Thornton Grant Thornton also says that 106 companies came out with IPOs in...
21/02/2008 Grant priority sector status to housing industry - Mint online
Deepak Joshi, associate director-tax and regulatory services, Grant Thornton India The importance of the Indian real estate sector can be gauged from the fact that it is the largest employment generator in the country after agriculture, and a single component...
21/02/2008 Grant Thornton unveils new logo - Economic Times (Mumbai)
Grant Thornton India unveiled its new brand identity. The new logo consists of three elements: the symbol, the colour and the Grant Thornton ‘wordmark’ http://www.gt-india.com/press/coverage_feb08/210208/et_210208_pg17.jpg ...
21/02/2008 Grant Thornton unveils new logo - Economic Times (Online Edition)
Grant Thornton India unveiled its new brand identity. All member firms of the parent company, Grant Thornton International, across 80 countries will adopt the new logo and be recognised as part of the same family reports Grant Thornton managing partner Vishesh...
21/02/2008 Refex acquires Kaltech - Financial Express
Grant Thornton acted as the exclusive advisors for this transaction , said a company press release http://www.gt-india.com/press/coverage_feb08/210208/fe_210208_pg9.jpg ...
18/02/2008 India focused cos’ M-cap rises 87% in AIM - Economic Times (Kol)
Grant Thornton league table published. According to a report compiled by advisory firm Grant Thornton, the combined market cap of 25 such India focused companies have listed on AIM have shot up 87% since the time they got listed. http://www.gt-india.com/press/coverage_feb08/180208/et_180208_pg7_kol...
18/02/2008 Stage set for more buyouts by European cos - Economic Times (Delhi)
Grant Thornton partner Harish HV says, “European players might also face a problem of raising cash since the European financial markets is not doing too well either.” http://www.gt-india.com/press/coverage_feb08/180208/et_180208_pg6_delhi.jpg ...
18/02/2008 European firms may ride Indian M&A lane now - Economic Times(Blore and Chennai)
Grant Thornton’s partner Harish HV says: “While there is a clear opportunity, the European players might also face a problem of raising cash since the European financial market is not doing too well either. But if there is money, they might get aggressive.” http://www...
18/02/2008 A law with flaws - Business World
Grant Thornton league table published. Since almost 85 percent of Indian firms are using M&As as a core growth strategy, impediments to this could really hurt the economy, says Harish HV, a partner at Grant Thornton http://www.gt-india.com/press/coverage_feb08/180208/bw_180208_pg40.jpg http://www.gt-india.com/press/coverage_feb08/180208/bw_180208_pg41.jpg http://www.gt-india.com/press/coverage_feb08/180208/bw_180208_pg42.jpg http://www.gt-india.com/press/coverage_feb08/180208/bw_180208_pg43.jpg http://www.gt-india.com/press/coverage_feb08/180208/bw_180208_pg44.jpg http://www.gt-india.com/press/coverage_feb08/180208/bw_180208_pg45.jpg ...
16/02/2008 PEs hit the India trail as China falls behind - Economic Times(Delhi)
Grant Thornton study said the numbers were higher and registered $ 19.03 billion in 2007 through 405 deals. PE investments in India are rising at a scorching rate. Such investments amounted to $ 1.1 billion in 2004 (60 deals) but rose to $ 6 billion in 2005...
16/02/2008 As PE tide swells, KKR readies India debut - Economic Times
Grant Thornton study observes that India registered $ 19.03 billion of PE investments in 2007 through 405 deals. It was only $ 1.1 billion in 2004(60deals), $ 6 billion in 2005 (124 deals) and $7.9 billion in 2006 says the Grant Thornton study. http://www.gt-india.com/press/coverage_feb08/160208/et_160208_pg1_blore.jpg http://www.gt-india.com/press/coverage_feb08/160208/et_160208_pg2_blore.jpg http://www.gt-india.com/press/coverage_feb08/160208/et_160208_pg1_chennai.jpg http://www.gt-india.com/press/coverage_feb08/160208/et_160208_pg2_chennai.jpg ...
14/02/2008 Grant Thornton appointment - Financial Express
Grant Thornton India has formally appointed Amrita Mitra as the partner and all India head for Indirect tax. http://www.gt-india.com/press/coverage_feb08/140208/fe_140208_pg2_mumdelchenkol.jpg...
13/02/2008 Acquiring a global footprint - Business Standard
Aspirations and ambitions continue to remain high, says Dhanraj Bhagat, partner for corporate advisory services at Grant Thornton.” We may not see too many of the larger deals this year, but the number of transactions and even the total value might actually...
13/02/2008 Former PwC associate director joins Grant Thornton India - Mint
Grant Thornton India, the domestic arm of global consulting firm Grant Thornton International, has appointed Amrita Mitra as partner and all-India head for indirect tax. In Grant Thornton, her focus will be to strengthen the indirect tax practice in all...
13/02/2008 India Private Equity Fair - Economic Times
We are research partners for the fair. This is scheduled for February 27 at Grand Hyatt in Mumbai We are research partners for the fair. This is scheduled for February 27 at Grand Hyatt in Mumbai http://www.gt-india.com/press/coverage_feb08/130208/et_130208_pg7_india_private_equity_ad...
13/02/2008 DAL, Kingfisher merger okayed – Swap ratio fixed at 7:3 - Indian Express
The sale consideration is based on valuation castled out by Grant Thornton, an independent valuation firm, appointed by the board. http://www.gt-india.com/press/coverage_feb08/020208/ie_020208_pg13.jpg ...
12/02/2008 PE players sense deal prospects on maiden offer withdrawals - Business Standard
“Certainly, the environment is positive and has improved on the backdrop of this (primary market weakness), we can see better traction and momentum in PE deals,” said Pankaj Karna, partner and head mergers and acquisitions, lead advisory, Grant Thornton Corporate...
11/02/2008 45% Indian firm’s positive of independent directors: Study - Economic Times
Only 45 per cent of the companies in India feel that Clause 49, a tool for good corporate governance, has actually benefited their organisations said a survey by Annual Corporate Governance Review by accounting and business advisory firm Grant Thornton today...
11/02/2008 PE funds out to make a killing as firms drop IPOs - Mail Today
Going by data from Grant Thornton on PE deals in 2007, Indian companies raised Rs 60,150 crore ($17.14 billion) through PE deals compared to Rs. 34,213($8.5 billion) crore from IPOs http://www.gt-india.com/press/coverage_feb08/110208/mailtoday_110208_pg37...
10/02/2008 PE players sense deal prospects on maiden offer withdrawals - Business Standard
“Certainly the environment is positive and has improved on the backdrop of this (primary market weakness), we can see better traction and momentum in PE deals,” said Pankaj Karna, partner and head mergers and acquisitions, lead advisory, Grant Thornton Corporate...
09/02/2008 REITs to spark hotel industry expansion - Economic Times
As per advisory firm Grant Thornton around $ 259 million was invested in the hospitality sector in six private equity deals last year. http://www.gt-india.com/press/coverage_jan/100108/ET_090108_Pg25_Blore.jpg ...
08/02/2008 A review of the Indian Economy from Asit C Mehta - Ecomonitor
According to Grant Thornton’s Dealtracker, 386 PE deals valued at $17.14 billion have taken place during January – December 15, 2007, as against 302 deals with a value of $7.86 billion during the same period in the year 2006. Of the total deals that took place,...
07/02/2008 Sebi puts pre – IPO PE deals under scanner - Economic Times
In 2007, PEs had emerged as the most preferred investors for corporates, enabling them to raise a record $ 17 billion (around Rs 69,159 crore) during the year, according to Grant Thornton. http://www.gt-india.com/press/coverage_feb08/070208/et_070208_pg1_mumbai...
07/02/2008 Sebi set to tighten noose on pre IPOs ; ECB rules may also be side - stepped - Economic Times
In 2007, PEs had emerged as the most preferred investors for corporates, enabling them to raise a record $ 17 billion (around Rs 69,159 crore) during the year, according to Grant Thornton. http://www.gt-india.com/press/coverage_feb08/070208/et_070208_pg1_12_delhi...
06/02/2008 Scrapping of EGoM meet irks PE firms - Financial Express
S Gayathri, Partner, Grant Thornton said: “PE firms make investments on the basis of valuations and projections. Many SEZ had set up SPVs to attract PE funds too. But every now and then, the basics of the SEZ policy, which everyone has taken for granted, is...
04/02/2008 Smart Move - Business India
Ranjit Dhruv’s Aftek Ltd, which has a 25 percent stake in Digihome Solutions is slowly increasing its stake in the company and will soon be a major holder with a 51 percent stake. This is a prelude to inducting a financial investor into the smart home products...
01/02/2008 Deccan Aviation, Kingfisher Air merger ratio fixed at 3:7 - Hindu Business Line
The sale consideration is based on valuation carried out by independent valuation firm , Grant Thornton , appointed by the board. http://www.gt-india.com/press/coverage_jan/HBL_010208_Pg3.jpg ...
30/01/2008 Now it’s Biz Banking - 4Ps
“I really had an enriching experience working with him,” says Pankaj Karna, now Partner & Head (M&As), Grant Thornton, who was a close associate of Rana Kapoor at rabo India http://www.gt-india.com/press/coverage_jan/300108/4Ps_300108_Pg75.jpg ...
29/01/2008 Are we working ‘Green’ - Sunday Indian Express
As per the Grant Thornton International Business Report 2007,newly industrialized economies have done more to manage their energy costs than the so-called service – oriented economies of Western Europe, North America and Australia but there are some exceptions...
28/01/2008 Sovereign funds now cherry pick in India - Economic Times (Delhi)
Of the $ 19 billion worth of PE and VC deals announced in India last year, sovereign wealth funds account for $3.84 billion, according to the database of advisory firm Grant Thornton http://www.gt-india.com/press/coverage_jan/280108/ET_280108_Pg1_delhi.jpg http://www...
28/01/2008 Of Powers and Towers - Business World
Last year, according to data collated by global accounting firm Grant Thornton , six PE deals of more than $ 500 million were struck out of which four were in infrastructure and real estate. Grant Thornton league tables present in the article http://www.gt-india...
28/01/2008 Private Equity and All That - Business World
According to Grant Thornton, initial public issues raised $ 8.5 billion (Rs 342 billion) in 2007; other public issues raised $2.7 billion – a total of $ 11.2 billion. http://www.gt-india.com/press/coverage_jan/280108/BW_280108_Pg22.jpg ...
28/01/2008 Rs 69,159 crore - Business Today
The amount Indian companies raised through private equity deals in 2007, according to Grant Thornton http://www.gt-india.com/press/coverage_jan/280108/BT_280108_Pg34.jpg ...
27/01/2008 Optimism pervades - Business India
International Business Report, compiled by Grant Thornton International in its Annual Survey of privately held business houses said the optimism is attributed to the robust economic growth of recent years and widespread expectations that the momentum will be...
22/01/2008 \'Only 45% cos have faith in Clause 49\' - Times of India
Only 45 per cent of the companies in India feel that Clause 49, a tool for good corporate governance, has actually benefited their organisations, said a survey by Annual Corporate Governance Review by accounting and business advisory firm Grant Thornton on...
22/01/2008 What women want - The Telegraph
Consulting firm Grant Thornton’s 2007 study on women in management –part of its International Business Report – says that the proportion of businesses with women in senior management is the highest in the Philippines (97%) followed by Mainland China (91%). http://www...
22/01/2008 Because my dad says so - 4Ps
There’s huge optimism within India’s entrepreneurship community (Grant Thornton’s ‘International Business Report’ ranks our entrepreneur’s optimism second highest in the world) http://www.gt-india.com/press/coverage_jan/220108/4Ps_220108_Pg5.jpg ...
18/01/2008 India focused firms AIM big on London bourse, - Economic Times (Mumbai & Delhi)
Grant Thornton league table published. According to a report compiled by advisory firm Grant Thornton, the combined market cap of 25 such India focused companies have listed on AIM have shot up 87% since the time they got listed. http://www.gt-india.com/press/coverage_feb08/180208/et_180208_pg7_mumbai.jpg http://www.gt-india.com/press/coverage_feb08/180208/et_180208_pg7_delhi.jpg ...
16/01/2008 India Inc`s buying binge accelerates in 2007 - Indiainfoline.com
The total value of deals announced last year was US$70.14bn vs US$28.16bn in 2006 and US$18.35bn in 2005, according to Grant Thornton’s Deal Tracker India Inc is going about international acquisitions on its own steam. “Increasing corporate capex, investment...
14/01/2008 India Inc\'s M&As rise 150% in 2007 - Economic Times
Says Grant Thornton Corporate Advisory Services partner CG Srividya, “A large number of Indian companies who sees good growth happening in the future are preferring to go for private equity fund infusion. In India, this typically involves less equity dilution...
14/01/2008 India Inc’s 2007 deals soar 150% to $70 billion - Economic Times
A total of 1081 deals were announced in 2007, according to the latest deal tracker compiled by advisory firm Grant Thornton http://www.gt-india.com/press/coverage_jan/140108/et_140108_pg1_blore_clip1.jpg http://www.gt-india.com/press/coverage_jan/140108/et_140108_pg1_blore_clip2...
14/01/2008 Corporate India strikes $ 70-b deals - Economic Times
Says Grant Thornton Corporate Advisory Services partner CG Srividya, “A large number of Indian companies who sees good growth happening in the future are preferring to go for private equity fund infusion. In India, this typically involves less equity dilution...
12/01/2008 India Inc set for more big buys - Hindustan Times
A study by International consultants Grant Thornton estimated that the total value of private equity and mergers & acquisition deals in India in 2007 was $ 68.32 billion http://www.gt-india.com/press/coverage_jan/ht_120108_pg6_kol.jpg ...
10/01/2008 India Inc raises $ 17.14bn through pvt equity deals - Business Standard
Indian companies raised a record Rs 69159 crore through private equity deals in 2007, according to data from Grant Thornton http://www.gt-india.com/press/coverage_jan/100108/BS_100108_Pg1_MumDelBloreKolChen.jpg ...
08/01/2008 India Inc most optimistic about economy - Business Standard
Economic activity in 2008 is expected to proceed at a vigorous pace in developing Asia, global consultancy firm Grant Thornton’s International Business Report (IBR) said “Indian businesses are buoyed by the ongoing success of their economy of their increasing...
05/01/2008 Christmas debt to fuel bankruptcies - Hindustan Times
Grant Thornton predicts that 28,000 people will become insolvent in the first quarter of 2008, a third of whom are expected to file for bankruptcy as a direct result of debt racked up over the festive period http://www.gt-india.com/press/coverage_jan/050108/HT_050108_Pg30...
04/01/2008 More fund flows expected - Business India
I would expect the PE investment to grow at the same rate and end up close to $30 billion,” points out Harish Vaidya, Partner, Grant Thornton, a globally accounting firm closely monitoring private equity inflows http://www.gt-india.com/press/coverage_jan/040108/BI_040108_Pg61...
21/11/2006 IT’s a big draw for M&A, private equity bytes - The Economic Times
The number of outbound deals have risen sharply and even the ticket size of the deals has increased over the last two years. But to grow rapidly, international players will also look at inbound deals says Grant Thornton partner, corporate finance Harish HV...
20/11/2006 The big game hunt - The Economic Times
According to Grant Thornton the average deal size of overseas acquisitions shot up in the first ten months of this year. To $107 million with the cumulative value of the total outbound deals announced standing at a staggering $15.7 billion. ...
16/11/2006 The brave new world of bean counters - The Hindu Business Line
The primary purpose of company reporting is to empower investors, says the paper; because it is investors who through the purchases and sale of securities, drive the growth of capital markets and securities around the world. So, the new model should be forward...
10/11/2006 Telecom, banking, infrastructure the new hot sectors - The Indian Express
The report also points to what Harish HV, partner, corporate finance, Grant Thornton calls an old trend in developed economies but a new trend in India – PE in the form of management buyouts of target companies such as KKR’s 85% acquisition in Flextronics Software...
09/11/2006 Big Four call for real- time accounts - Business Standard
PWC, Deloitte, KPMG & Ernst & Young will call for static quarterly financial services to be replaced by real time, Internet based reporting, encompassing a wider range of performance measures. With Grant Thornton and BDO, the firms are seeking to provoke regulators...
09/11/2006 What’s new in M&A domain - New Indian Express
A detailed analysis of M&A deals done by Grant Thornton shows that in the months of September and October 2006, 80 M&A deals were recorded having a value of $10.73 billion. ...
07/11/2006 PE deals worth $5.9 b inked in Jan to Oct - The Hindu Business Line
According to Grant Thornton, the last two to three years have also witnessed several private equity exits in the Indian market. These have been through several modes such as open market sale/block deals such as Warburg Pincus’ sale of stake in Bharti televentures;...
07/11/2006 H-P exploring options to divest BPO operations - Business Standard
The surge in the number of service providers in recent years, coupled with the ability to significantly monetize investments into higher returns have prompted GE and Unilever to exit, Harish HV, Partner, Grant Thornton India said. ...
07/11/2006 A record $ 5.93 bn came in this year as PE - Deccan Chronicle
The report in Dealtracker released by Grant Thornton, an advisory and accountancy organisation indicates that PE activities increased in both volume and value in India companies as is reflected in the rise of new and larger funds and the number of international...
06/11/2006 India Inc’s overseas shopping set to zoom - Hindustan Times
According to accounting giant Grant Thornton, the average deal size of Indian buyouts increased from $32 million in 2005 to $47 million in the first half of 2006. ...
04/11/2006 Strategic M&A’s croed Deal Street - The Economic Times
Says Harish HV, partner (Corporate Advisory Services) at Grant Thornton: "The Tata Corus deal would skew all numbers and comparisons. Such large deals could happen only in commodities space but in general, people have been looking at larger deals. Though November...
04/11/2006 Dalal Street’s rockin, M&A’s touch $24 bn in 10 months - The Economic Times
It’s raining deals, literally India Inc has witnessed strategic M&A deals worth $23.7 bn in the first ten months 2006, both within the country as well as overseas. In addition, private equity investments to the tune of $5.8 bn have taken place in India so far,...
04/11/2006 M&As on Deal St touch $24 bn - The Economic Times
While strategic M&As have been hogging the limelight with growing deal sizes, the private equity space has been equally busy. In fact, October recorded 27 private equity deals aggregating more than $1.05 billion, which amounts to 50% of the entire $2-billion...
01/11/2006 UK and India – Celebrating Business Partnership - Business World
The first ever UK Trade & Investment India Business Awards 2006, held recently in Mumbai, celebrated the success Indian and UK companies have achieved in building international partnerships for the 21st century. Business Partners involved were Barclays Bank,...
01/11/2006 The Elephants hungry - Outlook
Adds Harish HV, partner, (corporate finance) Grant Thornton: Acquired firms could find it hard to accept Indian mangers. Indian managers will find it hard to manage businesses across time-zones and cultures. ...
01/11/2006 MNC’s in the making - Business Today
According to Grant Thornton investments in overseas acquisitions in 2006 till October are worth Rs 70, 740 Crore as against the inbound figure of just Rs 21, 015 crore (though doubtless skewed by the humongous Tata Corus deal.” ...
01/11/2006 The new deal makers - Business Today
According to Grant Thornton, a firm that keeps track of deal making around the world, in the first 10 months of this year, the Indian mergers & acquisitions market saw 379 acquisitions valued at $ 24.4 billion.” ...
01/11/2006 Polar Opposites - Families in Business
Indian family businesses are most optimistic in the world, while UK family businesses are the least. Anuj Chande, Vishesh Chandiok and Howard Hackney take a close look at what the future holds for family businesses in each country. ...
01/11/2006 India Business Awards - Outlook Business
UK Trade and Investment business partners for the awards were Barclays bank, Grant Thornton, London Stock Exchange and Taj hotels, palaces and resorts. ...
01/11/2006 Toll-free service comes calling - Outlook Business
While interconnection and sharing of infrastructure is more of cost saving measures, deals like this one are revenue generators, says Pankaj Karna, Partner, Grant Thornton. ...
31/10/2006 Ambitious Indian firms set sights abroad - Reuters Newswire
The average size of overseas deals by Indian companies has increased to about $50 million from about $10 million three years ago, said Grant Thornton's Harish. ...
10/10/2006 M&A arbitrage funds have a long way to go in India - The Economic Times
“India is still evolving on the M&A side and the activity has heightened only in the past 2- 3 years. Volumes are very small compared to the global volume of M&A and all the transactions are friendly, reasons Harish HV, Partner – Corporate Advisory Services,...
01/10/2006 Crush on the Tube - Outlook Business
“There are news channels which have moved from non news to entertainment items. But these channels have to define their path and specialize in content to be able to attract and hold on to viewers, says Mr. Pankaj Karna, Partner, Grant Thornton India.” ...
28/09/2006 Auditing likely to be must for realty deals - The Economic Times
“Only time will confirm the extent to which this regulation will serve the purpose of getting black money out of circulation, said Vishesh Chandiok, Partner, Grant Thornton, a leading auditing irm.” ...
18/09/2006 Liquidity may drive market further - The Hindu Business Line
“Grant Thornton a leading international audit and consulting firm recently carried out a survey of business confidence of more than 7000 owners of medium-sized businesses from 30 countries. Surprisingly, India ranked number one, ahead of the G8 economies, China...
13/09/2006 Valuation of IT M&As surges 95% - Business Standard
“There have been some significant inbound acquisitions as well where global IT leaders like Oracle and EDS have acquired controlling majority stakes in fast growing Indian IT companies like iflex and Mphasis respectively, said Harish HV, Partner , Corporate...
12/09/2006 2006 sees 57 M&A deals worth $1.73 billion - Asian Age
“The research by Dealtracker is Grant Thornton’s newsletter, published by the corporate finance group, shows that the increase in the deal value was 95 percent on an annualized basis and the average deal size has almost doubled.” ...
12/09/2006 57 M&A’s in Jan – Aug - The Hindu Business line
“The first eight months of 2006 has seen 57 mergers and acquisitions (M&A) deals in the IT and ITES sector valued at over $1.73 billion as compared to 80 deals valued at $1.33 billion for the whole of the year 2005.” ...
09/09/2006 Attractions of listing abroad - Business Standard
“More than 30 companies have asked us to help them list on Aim. There has been an explosion in the number of enquiries , says Vishesh Chandiok , director of international business at Grant Thornton India, the advisory firm. There is room for Indian stock exchanges...
09/09/2006 Deal street rings in $ 13 bn - The Economic Times
“With private equity funding also reaching a record-high of $4.4bn this year, total funds have already touched $17.5bn this year for India Inc. “Total funding will only increase for Indian companies as private equity and M&A are both gathering steam,” said...
08/09/2006 India IT companies go on shopping sprees abroad - The Economic Times
“Indian IT companies are keen on making acquisitions abroad and this trend has intensified over the last few months and the greater share of outbound deals is a testimony to that , said Senior manager (corporate advisory services), Grant Thornton, CG Srividya...
30/08/2006 India Inc discovers alternative to GDR - The Economic Times
“There are many companies that are not just exploring this opportunity but have already done due diligence. Of the 30 companies that we are talking to, 15 should list at the AIM market this year, Grant Thornton partner & head of M&A advisory Pankaj Karna said....
18/07/2006 India deal – making boom - The Financial Times
“We probably see more transactions on the back of more realistic valuations especially on the private equity side” said Pankaj Karna, Partner & head M&As at Grant Thornton India, an arm of the global consultancy firm. ...
17/07/2006 India Inc goes full blast on M&A’s - The Financial Express
In the first half of the calendar year 2006, the number of overseas acquisitions by Indian firms was 85 – according to a survey by global advisory firm Grant Thornton. ...
16/07/2006 Winning Stroke - Business India
"Clearly Arcelor has managed to get a much better deal for itself compared to what was planned,” says Harish HV. ...
14/07/2006 Indians Abroad - Business Standard
In 2005 Indian M&A deals abroad totaled $ 4.5 bn and were even higher in Jan – June 2006 at $ 5.2 bn. (Source – Grant Thornton) ...
13/07/2006 Deals worth US $14.3 bn in H1 2006 - New Indian Express
The number of cross border M&A deals has grown steadily from 22 in 2002 to 126 in 2005 and the number has shot to 119 in H1 2006”, says Harish HV. Cliclk here to read more...
12/07/2006 India Inc is in grip of an M&A fever - The Economic Times
Says Harish HV, partner, corporate finance, Grant Thornton India: “India Inc’s newfound confidence and ambition is showing in their M&A activity too.” It is most visible in the cross-border M&As that have happened so far in ’06. Deals — both inbound and outbound...
11/07/2006 2006 is biggest year for mergers and buyouts - Hindustan Times
An article on our this edition of Dealtracker ...
07/07/2006 India Inc goes shopping for growth opportunities abroad - Economic Times
The geographical diversification by India Inc is aimed at boosting global reach. It helps generating more cash and funds raised in global markets can, in turn, be used for domestic growth opportunities,” says Harish HV, head of M&A at Grant Thornton India....
02/07/2006 Countries less visited - Business India
“And it’s not just the big boys”, Says Dhanraj Bhagat, Practice Director at Grant Thornton “Today even midsize Indian companies, in the range of Rs 300-500 crore, are looking at going global. ...
29/06/2006 Take This! Red tape worst in West - Economic Times
”Only 34% Indians find babudom biggest constraint to growth: Survey” ...
29/05/2006 India Inc warms up to Clause 49 - Economic Times
India Inc appears to have taken the new corporate governance norms under Clause 49 much more positively compared to their counterparts in the US where Sarbanes Oxley (SOX) act was bought into the the picture in '02, according to a GT survey. According to...
20/05/2006 70% OF India Inc expects an M&A in 3-4 years - Financial Express
Grant Thornton's head of M&A Harish H V said," The main drivers of M&A are growth in revenues, market entry or acquiring technology or domain expertise". http://www.gt-india.com/downloads/Scan0007.JPG ...
17/05/2006 India tops in corporate tax rate for foreign firms - Financial Express
"Corporate tax rates around the world are coming down. For instance, India has a tax rate of 55% which it revised to 48% and now 41.8%. Singapore similarly has revised from 26% to 20% at present," http://www.gt-india.com/downloads/Scan0001.JPG...
13/05/2006 Indians ink $3.6bn buys abroad in Jan-April - Financial Express
Grant thornton's head for M&As Harish H V said Indian companies today have several options to get competitive and raise capital. "Further, there are not many sellers and the valuations are too high due to a bullish market. Thus, lower number of inbound deals,"...
06/05/2006 Panel for Clause 49 needed: India Inc - Asian Age
Mr. Monish Chatrath, partner Grant Thornton said that the smaller companies felt that by their nature, size and complexities the level of compliance expected from them should be different. Mr Chatrath said that the general verdict was in favor of more clarity...
26/12/2005 Overseas acquisitions set to top $4.5 b in 2005 - `Number of enquiries for due diligence has increased significantly` - Hindu Business Line
http://www.thehindubusinessline.com/2005/12/27/stories/2005122702640900.htm Neha Kaushik The average size of overseas acquisitions is only about $30-40 million, with many small and medium size companies seeking to expand abroad New Delhi , Dec. 26 THE...
19/12/2005 the dearth of DEALS - Business World
http://www.businessworldindia.com/DEC1905/indepth04_b.asp Ask a Wall Street fund manager to recall the last big private equity deal in India. More often than not, the answer will be the $300-million Warburg Pincus-Bharti deal. It has been four years since...
14/12/2005 Global biggies look for quick bucks in India - Economic Times
http://economictimes.indiatimes.com/articleshow/1331233.cms NEW DELHI: It's now the top of the heap that’s betting big on India. Global giants are restless to have a grand presence in the country, if the recent spate of acquisitions is any indication....
02/12/2005 M&As growth this year high at $13 bn - TIMES NEWS NETWORK
MUMBAI: India's mergers and acquisition (M&A ) market has witnessed unprecedented growth in ‘05, crossing an all-time high of around $13bn, with over 245 deals during the past 11 months, against $9.5bn with 237 deals, for the whole of ‘04. The major...
11/11/2005 Mergers spice up IT market - 24 of 30 recent M&As in IT sector are cross-border deals - Business Standard
Ashish Aggarwal & Gaurie Mishra / New Delhi November 11, 2005 24 of 30 recent M&As in IT sector are cross-border deals. Twenty four of the 30 mergers and acquisitions (M&A) that have taken place in the information technology sector during the first 10...
10/11/2005 Manufacturing cos scouting for acquisitions overseas - Hindu Business Line
Our Bureau - Hindu Business Line Major cross border acquisitions involving Indian firms in the past two months include the purchase of 10 per cent stake in Bharti Televentures by Vodafone Plc, Apeejay Surrendra Group's acquisition of British tea company...
08/11/2005 Cross-border M&As hit the roof - DNA
MUMBAI: Proof that the India growth story is intact comes from the heightened pace of cross-border M&A activity. India Inc announced a record 30-plus deals valued at $2.7 billion in September and October, accounting for about one-third of all deals in fiscal...
07/11/2005 Sarbanes Oxley Gives Jitters To US-Bound Cos - Economic Times
"Sarbanes Oxley Gives Jitters To US-Bound Cos" Article Excerpt: "Companies are now increasingly looking at London or Singapore stock exchanges for their overseas listing. The process and cost for getting their companies listed on these exchanges are...
27/09/2005 More bang for buck in hybrid BPOs - DNA
By - Sanjay K Pillai MUMBAI: Want to turn a BPO entrepreneur in India and then exit at a higher valuation later? Try setting up a business with a combination of both voice and non-voice components. According to a study by Grant Thornton, one of the six...
25/09/2005 Valuations rise in cross border deals - Mumbai Mirror
The premium on acquiring Indian cos is higher than that for foreign ones Janaki Krishnan Mumbai: Indian business process outsourcing (BPO) outfits fetch a premium in the mergers and acquisitions market compared to their overseas counterparts. Grant...
16/09/2005 Private equity fund investments set to touch $1 billion - Financial Express
ENS ECONOMIC BUREAU MUMBAI, SEPTEMBER 15 Private equity funds are getting aggressive in Indian stock markets. Investments by such funds in the first half of 2005 are reported to be close to $ 1 billion. Significantly, private equity funds have also made...
31/08/2005 India Inc foxed - The Financial Express
Corporate Bureau Mumbai, Aug 30 Corporate India is confused over the fringe benefit tax (FBT) clarification issued by the finance ministry on Monday. Grasim Industries director and chief financial officer DD Rathi does not see the circular issued as a big...
11/08/2005 Grant Thornton India names new Practice Director - India Infoline
Grant Thornton India said on Thursday that, it has appointed Sharad Subramaniam as the Practice Director, Project Finance for Corporate Advisory Division based in Bangalore. He carries with him rich experience of 19 Years in international professional services...
08/08/2005 Compliance with revised Clause 49 ? SEBI must clarify scope of internal control, say experts - Hindu Business Line
K.R. Srivats New Delhi , Aug. 8 THE SEBI must clarify the scope of `internal control' for the purpose of compliance with the revised Clause 49 of the listing agreement, say experts in assurance services. They also raise the issue of absence of clarity...
23/06/2005 It doesn?t happen only in India - Financial Express
NEW DELHI, JUNE 22: If you thought that the recent episode of sibling rivalry in Ambani parivar was something that was typical of India then you are wrong. This is part of a worldwide trend where ownership issues are increasingly cropping up in family businesses. In...
23/06/2005 MNCs need smart tax advice - Business Standard
As governments compete for tax revenues, growing companies need increasingly sophisticated advice when embarking on international operations, an international tax consultant said, here on Wednesday. Any kind of business activity that spans national borders...
20/06/2005 Going solo, Anil Ambani promises to fly high - Business Standard
Focus on recast legality, shareholder Our Bureaus / Mumbai June 20, 2005 Much, however, depends upon how the deal is structured, pointed out tax experts. If it is a demerger scenario, then it will be tax-neutral. So what is the immediate road map for...
17/06/2005 Alternative bourses gaining currency - Business Standard
Our Markets Bureau / Mumbai June 17, 2005 Nasdaq is no longer the most preferred stock exchange for new companies. Instead, smaller alternative stock exchanges in Europe and Asia Pacific are grabbing a higher share of new listings, according to a study...
17/06/2005 Returns come early for mid-cap investors - Business Standard
Henry Tricks / London June 17, 2005 High-growth, smaller companies are increasing dividends faster than large corporations as shareholders pile on pressure for cash payouts early in the corporate life cycle, according to a survey published on Wednesday. ...
16/06/2005 Grant Thornton in talks with mid-cap cos for overseas listing - Hindu Business Line
Our Bureau Mumbai , June 15 INTERNATIONAL accounting and advisory firm Grant Thornton is in talks with several mid-cap Indian companies to help them list on international stock exchanges in countries such as the US, Singapore, the UK and Canada. Speaking...
15/06/2005 Bourses come hunting for Indian cos - Times Of India
TIMES NEWS NETWORK Mumbai: India is fast emerging to be a hunting ground for stock exchanges from across the globe. For long Nasdaq, New York, London and Luxembourg stock exchanges have been the favourite destinations of Indian companies eyeing foreign...
14/06/2005 Indian cos. Must explore new markets for overseas listing - Hindu Business Line
Indian companies looking for overseas listings should list in new emerging markets including SEDAQ (Singapore), TSV-V (Canada), NASDAQ (US) and AIM in UK, according to global consultancy firm Grant Thornton. These new markets have provided investors with...
08/06/2005 Banks to fund foreign M&A - Business Standard
RBI allows financing of India Inc's acquisitions. The Reserve Bank of India (RBI) today allowed banks to finance acquisition of equity in overseas companies. ?Banks can extend financial assistance to Indian companies for acquisition of equity in overseas...
06/06/2005 Baljee Group looks beyond its base - Business Standard
Baljee Group, a Bangalore-based hospitality chain since 1973, is planning a Rs 200 crore expansion which will see the group moving into other cities. The group is planning an initial public offer to part-fund the expansion. ?For the expansion, the group...
20/05/2005 India Inc doubles foreign buys - Business Standard
India Inc doubles foreign buys Overseas acquisitions by Indian firms touch $9.3 bn in 2004. India Inc's hunger to acquire businesses abroad is increasing. The value of...
08/05/2005 US panel looking at easing cost of compliance - Hindu Business Line
K.R. Srivats New Delhi , May 7 COMPLIANCE to the US Sarbanes-Oxley legislation may turn out to be "less onerous" in the coming days for small businesses that have or plan to raise capital from the US. "The Small Business Advisory Committee of the...
19/04/2005 India may take HK, Taiwan place in trade with China - Financial Express
Medium-sized businesses from Hong Kong, Taiwan and Singapore top the chart of imports and exports with China. Grant Thornton?s international business owners survey 2005 shows that 54% of medium-sized businesses in Hong Kong import from China and 29% export...
11/04/2005 Land a blue chip job without MBA - Hindustan Times
Shruti Maheshwari New Delhi, April 11, 2005 WHEN SEEMA Puri opted for English (Honours) in Hindu College, she had never dreamt that three years later she would be working for Infosys and earning Rs 2 lakh per annum. The future is bright even if you don?t...
28/01/2005 Transfer pricing growth area for consultants - Financial Express
ATUL SATHE: Mumbai, Jan 27 Transfer pricing, an aspect which is important globally, is becoming prominient in India, of late. For parent companies in India, having subsidiaries abroad, as well as for foreign parent companies, having subsidiaries in India,...
24/01/2005 Great salaries await Class of 2005 - TIMES NEWS NETWORK
What a great way to start the New Year. Business schools that took the placement plunge early in ?05 have seen heady rewards. Not just have job offers been aplenty, but (perhaps more importantly for students) salaries have grown substantially after over...
24/01/2005 India, South Africa top business optimism survey: - New Kerala
[World News]: Johannesburg, Jan 18 : India and South Africa have topped a global survey of businessmen who are highly optimistic about their own economies. After India in the lead, South African business owners are the most optimistic among their peers internationally,...
23/01/2005 The Sarbanes Oxley Act of 2002 and shareholders? wealth - Financial Express
In the fall of 1999, when two young graduates had the option to make a choice between the numerous placement offers that they had on hand, one chose the ?Most Preferred Employer?, award winner - Arthur Andersen and the other chose the ?Fortune 500? major,...
23/01/2005 It?s stressful to do business in India - Times Of India
By Bonita Baruah/TNN , New Delhi: Own a business in India? You may be stressed out, though for positive reasons. While a new stress index shows business owners worldwide are more stressed than a year ago, success as much as failure is responsible for it. For...
21/01/2005 Strain of business tells on Indians: 53% are stressed - Financial Express
Our Economy Bureau: New Delhi, Jan 20 As India adds one feather after another in its business cap, there is a bomb ticking away in one corner of the world of business ? stress. In 2004, India was fifth (53%) in reporting a steep rise in stress levels among...
21/01/2005 STRESS LEVEL ZOOMS IN 2004 - Deccan Herald
India 5th on biz owner stress list Business owners all over the world are much more stressed than they were a year back with Taiwan topping the stress chart followed by Hong Kong, Turkey, Mexico and India, according to a recent survey, reports PTI from Mumbai. The...
21/01/2005 Business growth sends stress levels soaring too - Economic Times
MUMBAI: Business owners the world over are more stressed out than before and the level of stress increases in proportion to business growth, according to a survey published by Grant Thornton, an international accounting major. Grant Thornton, which conducted...
21/01/2005 Profit or loss, business owners feel the stress - Hindu Business Line
Our Bureau: A global survey has plotted stress results against the growth in turnover of their companies over the last three years. OVER half of all business owners in India are more stressed now than they were just a year ago, according to Grant Thornton's...
20/01/2005 Success straining Indian business owners: survey - Navhind Times
UNI New Delhi Jan 20: The boom in Indian economy has cost business owners dear, with their stress levels surging 53 per cent over a year ago due to increased competition and heightened customer expectations, according to a survey.Globally, business leaders...
17/01/2005 SA business owners very optimistic - Economic Times
South African business owners are the second most optimistic among their peers internationally, the first results from the 2005 Grant Thornton International Business Owners Survey (Ibos) released on Monday reveal. South African respondents have improved...
16/12/2004 Indian business most optimistic, says survey - Rediff
Janaki Krishnan in Mumbai | December 06, 2004 10:32 IST First results from the 2005 Grant Thornton International Business Owners Survey conducted in 24 countries around the world show that business owners in India are the most optimistic of all. According...
07/12/2004 India Inc most optimistic about economy: Survey : - TeamIndia.net
New Delhi, Dec 7 : For the second consecutive year, India Inc is most optimistic about the economy compared to their counterparts in other countries, according to Grant Thornton International Business Owners Survey published today. "The most optimistic business...
16/11/2004 Grant Thornton tops in audit firm survey - Financial Express
NEW DELHI NOV 15: Even as the debate over the need to monitor activities of audit firms rages on ? in light of the Global Trust Bank episode and the several accounting scandals in the US ? JD Power & Associates have released their client ratings of accounting...
08/10/2004 Kyocera handsets maker XL Telecom to buy back Corning stake - Business Standard
Hyderabad-based XL Telecom a Rs 250 crore telecom equipment and CDMA handset manufacturing company is slated to buy back the 30 per cent stake of US-based Corning Inc in the company. This apart the company is looking at coming out with an initial public offering...
14/09/2004 Delaware Indian firms` favourite - Business Standard
R Raghavendra / Bangalore September 14, 2004 Delaware is proving to be the easiest state in the USA in which Indian companies, especially IT start-ups, can get incorporated. The state?s proactive approach in encouraging companies to get incorporated in...