The startup "made errors in judgment as we followed growth at all costs, including in regard to financial reporting, which we deeply regret," says GoMechanic co-founder Amit Bhasin.
The new concessional tax regime will become attractive for the tax payers if income up to ₹5 lakh annually is exempt from taxation, says EY India.
Pinning hopes on the high real and nominal GDP growth numbers of the current fiscal, EY hoped for a reduction of 1% in the fiscal deficit.
According to a report by FICCI and EY, the fall in the Indian media and entertainment sector comes on the back of diminishing revenues from films, TV, and print segments.
In 2020, e-commerce and consumer Internet companies raised over $8 billion in private equity and venture capital funding spread over 400 deals, says EY-IVCA India Trend Book 2021 report.
The Yogi Adityanath administration is pulling out all stops to showcase the government’s development agenda.
India can become a global manufacturing and export hub of printed circuit board assembly, the heart of electronic devices, in the next five years, says a report by ICEA-EY.
Television and print remained the top two media segments. Digital media overtook filmed entertainment to become the third-largest segment.
EY’s latest survey says a fourth of M&E executives think their companies will die without reinvention.
The award recognises entrepreneurs who, with their disruptive ideas and passion for growth, are creating successful global enterprises.
