India is the most business optimistic country: Survey
The Dollar Business Bureau India has been termed as the most optimistic country in terms of being a global business destination providing opportunities of increasing revenue, employment and profitability, according to the latest Grant Thornton International Business Report (IBR) survey. “India continues to stand out as the one economy which has huge potential to continue to grow and this is reflected in the survey where Indian businesses are most optimistic and high on expectations of increasing revenue, employment, profitability," said Harish H V, Partner - India leadership team, Grant Thornton India. The country has bagged the first position in the optimism index for the third quarter of July-September 2016 and had 88 per cent of the respondents voting in its favour. The country ...
Demonetisation to give fillip to m-commerce in India
The Dollar Business Bureau Demonetisation will be giving the much-needed push to the m-commerce industry with a report predicting a huge shift of retail commerce to mobiles in the near future. According to CII Grant Thornton report on m-commerce, demonetisation is exactly what will benefit the already growing m-commerce ecosystem in India. m-commerce is the buying and selling of goods and services through mobile phones. The report underlined the rising smartphone usage coupled with banning of Rs. 500 and Rs 1,000 notes as making a strong case for the m-commerce industry to flourish. The growth of the former can be attributed to the availability of affordable smartphones and mobile data plans. This is being further consolidated with the entry of new service providers such as ...
India slips to 3rd rank in business optimism: Report
The Dollar Business Bureau After topping the list for two quarters, India slid to the 3rd rank globally on the basis of business optimism due to delays in major reforms such as the Goods and Services Tax (GST) and bad loans facing state-owned banks, according to the International Business Report. India slipped to the third position during the quarter of April-June 2016, revealed the report by Grant Thornton. The delays in major reforms such as GST, banking issues due to Non-Performing Assets (NPAs), non-resolution of tax rows, and the need for considerable recapitalisation of state-run banks are some of largest concerns for Corporate India that have together affected the business confidence leading to the total business optimism in India,” the IBR ...
India Inc's M&A deal tally touches $29 bn: Study
Source: PTI Corporate India's merger and acquisition (M&A) spree saw a significant uptrend in October, taking the deal tally for the first 10 months this year to $29 billion, says a Grant Thornton report. According to the assurance, tax and advisory firm, there were 58 M&A transactions worth $3,144 million in October, a jump of 233%. M&As were up 35% in terms of the number of transactions. The significant growth in October values was due to big ticket transactions, the report said, adding that seven deals were valued over $100 million each and one was worth a billion dollar. Together, they contributed to around 80% of total M&A value. “Outbound investments and Domestic M&A have been demonstrating signs of growth,” Grant ...
