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Tech Trend 05: Responsible AI: Building a sustainable framework
Without adequate controls, adopting AI poses regulatory, reputational, and business risks to organizations.
Resilient momentum despite challenges: Tech services M&A in 2023
M&A deals in technology services remain resilient despite macro challenges.
How GenAI is revolutionizing the pharmaceutical industry
Embracing GenAI in the Indian pharmaceutical industry is pivotal for transforming healthcare into a proactive and personalized system.
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How a state government transformed into an eco-tourism haven
The state government accelerated its economy and created new sources of employment using ecotourism.
EY led various strategic initiatives to build an ecotourism oasis.
Initiatives involved identifying ideal and strategic locations to set up 'Eco-retreats' and help establishing them across the state.
The eco-retreats have created a multiplier effect on the economy.
The eco-retreats have established pathways for entrepreneurship, while promoting local culture and skills.
Featured press releases
PE/VC exits in February 2024 recorded a 303% y-o-y surge at US$2.9 billion: EY IVCA Report
Mumbai, 21 March 2024: According to the IVCA-EY monthly PE/VC roundup, PE/VC investments in February 2024 (US$2.2 billion) were 39% lower than February 2023 and 67% lower than January 2024.
21 Mar 2024 Mumbai IN
EY-CII report reveals 67% Indian healthcare companies have set up ESG board committees, 53% pledge to sustainable sourcing
Mumbai, 14 March 2024: Highlighting a significant stride towards environmental responsibility, the latest report from EY and CII reveals that over half of Indian healthcare firms have embraced zero liquid discharge and implemented sustainable sourcing practices as part of their environmental, social and governance (ESG) commitments.
14 Mar 2024 Mumbai IN
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EY predicts 9.6% average salary increase for India Inc in 2024; attrition decline nears pre-pandemic levels
Mumbai, 06 March, 2024: According to the second edition of EY ‘Future of Pay 2024’ report, India Inc. is set for an average salary increase of 9.6% in 2024, similar to the actual increase in 2023. Overall attrition dropped to 18.3% in 2023 (from 21.2% in 2022) and is set to gradually decline over the next few years as companies prioritize cost management and employee wellbeing, stabilizing the workforce amidst high talent demand.
6 Mar 2024
Indian M&E sector crossed INR 2.3 trillion in 2023, expected to reach INR3.1 trillion by 2026, reveals the FICCI-EY report
Mumbai, 5 March 2023: The latest FICCI-EY report titled ‘#Reinvent: India’s media & entertainment sector is innovating for the future’, launched at the FICCI FRAMES 2024 in Mumbai, revealed that the Indian M&E sector grew by 8% in 2023, reaching INR2.3 trillion (US$27.9 billion), 21% above its pre-pandemic levels in 2019.
5 Mar 2024
EY Parthenon & BioAsia’s latest report reveals GenAI's impact on drug development, operational efficiency and more
Hyderabad, 27 February 2024: EY Parthenon (EY-P), the leading strategy consulting firm, in partnership with BioAsia, released a report titled, ‘From volume to value: Indian pharma’s transformation with data and AI’. Released at the marquee life sciences summit - BioAsia 2024, the report underscores Gen AI's potential in revolutionizing drug discovery and R&D, employing advanced technologies for Good Manufacturing Practices (GMP) and reinforcing supply chains.
27 Feb 2024
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