Pwc

PwC India sees ₹1.1 trillion shortfall in net tax collections in FY26

Following this uptick, PwC expects growth to moderate to 7 per cent in the second half, putting full-year expansion at 7.5-8 per cent

One-fourth of Indian firms surveyed report cyber losses: PwC report

Nearly a quarter of Indian enterprises surveyed reported losses exceeding USD 1 million (about Rs 8.8 crore) from cyber breaches over the past three years, with the risk particularly high among companies earning USD 5 billion or more in annual revenue. Cyber budgets are rising, albeit at a cautious pace, with 87 per cent of organisations in India planning to increase their cybersecurity spending over the next 12 months, according to a PwC report. The PwC 2026 Global Digital Trust Insights survey, based on responses from 138 Indian business and technology executives, found that investment in AI tops budget priorities at 46 per cent, followed by cloud security at 33 per cent. ...25 per cent of businesses say their most damaging data breach in the past three years cost their organisation at least USD 1 million, with exposure highest among enterprises generating USD 5 billion or more in revenue (45 per cent). This year, 87 per cent of leaders of Indian organisations expect their cyber

Critical mineral M&A falls 39% in 2024 as lithium prices, demand cool

PwC report says M&A in critical minerals dropped sharply in 2024 as lithium prices plunged, supply fears eased and governments tightened scrutiny on strategic resources

PwC bats for 3-tier GST rate structure to cut disputes, simplify tax regime

Marking eight years of GST, PwC recommends streamlining tax slabs, removing compensation cess, and aligning India's tax regime with OECD neutrality principles

Big 4 ramping up hiring for tech, biz consulting: Amrop India Study

An Amrop study shows EY and Deloitte ramping up hiring in tech and business consulting practices, with SAP, Oracle and digital roles driving talent and promotion growth

Panel formed to chart roadmap for Big Four-like company in India

A first of its kind meeting to discuss this issue was held on Friday by the Prime Minister's office

Vedanta Aluminium partners with PwC India for sustainability initiatives

Vedanta Aluminium on Thursday announced the expansion of its partnership with PwC India to scale up sustainability initiatives across its operations in Odisha and Chhattisgarh. Initially centred on biodiversity projects around Vedanta's Jharsuguda smelter, the partnership will now extend across all its operational regions and will also focus on decarbonisation, water positivity, and biodiversity conservation, marking a major step in integrating sustainability throughout the company's value chain, the company said in a statement. "This collaboration with PwC exemplifies our unwavering dedication to driving sustainable growth and championing environmental stewardship. Anchored in robust ESG principles, we are actively working towards carbon neutrality by 2050 and supporting India's net zero vision for 2070," Vedanta Aluminium Chief Executive Officer Rajiv Kumar said. Kumar further noted that "by addressing critical ecological challenges, improving operational efficiencies, and placing

Big four accounting firm PwC to lay off about 1,500 employees in US

The workforce reduction equates to approximately 2 per cent of our US firm, the spokesperson said

Banks' shares surge on marginally lower than expected hit on net worth

Bank's shares jump 7%; focus now shifts to forensic audit report

IndusInd Bank up 13% in 3 days as PwC pegs lower impact in derivative biz

With the estimates by the external agency in-line with the management's announcement, it is expected to restrict any major downside, ICICI Securities said.

Haldiram's attracts two more investors Alpha Wave, IHC after Temasek

This development comes weeks after Singapore-based investment firm Temasek acquired a 10 per cent stake in the company for approximately $1 billion

Haldirams to sell 10% stake to Temasek in deal valuing firm at $10 bn

Haldirams is also in advanced-stage talks to sell another 5-6 per cent stake for around $500 million

PwC may submit report on IndusInd's accounting discrepancies on Mar 28

External auditor PwC is likely to submit its report to IndusInd Bank's board on Friday regarding accounting discrepancies in its derivatives portfolio, sources said. As per an estimate, Rs 2,100 crore discrepancy in accounting may impact 2.35 per cent of the bank's net worth. The comprehensive report by PwC is expected to point out actual loss to the bank due to accounting discrepancies, lapses at various levels and remedial action, sources said. Banking sector regulator, Reserve Bank had directed the board and the management of IndusInd Bank to take remedial action during the current quarter itself after making required disclosures to all stakeholders. The current quarter comes to an end on March 31. Meanwhile, the IndusInd Bank's board has also hired Grant Thornton to conduct a forensic audit into accounting lapses. As per the mandate, Grant Thornton would conduct a comprehensive investigation to identify the root cause of the discrepancies and assess the correctness and impact

PwC India launches programme to mentor 15 startups in blockchain, AI

PwC India has announced the launch of its first-ever startup accelerator programme 'Emerging Tech Startup Challenge' geared to empower startups in the emerging technology space to refine their solutions and bolster market penetration. The accelerator programme is aimed at driving innovation and supporting India's vibrant startup ecosystem by providing mentorship, consulting expertise, and strategic guidance. Announcing the launch of 'Emerging Tech Startup Challenge', PwC India said the programme is open to all India-based startups working across the areas of artificial intelligence (AI), data analytics, blockchain/Web 3.0, space tech, Industry 4.0, and spatial reality, among others. "We would be excited to see wide ranging innovations across industries in B2B/B2C segments, such as, retail and consumer, manufacturing, financial services, infrastructure, healthcare and telecom," it said. Over three months, 15 selected startups will benefit from access to mentorship from subject matte

Direct tax: Budget 2025-26 eases burden, boosts spending and growth

Proposals aim to encourage the middle class to spend and help economic growth. By Pwc India

Strengthening cybersecurity is critical to India's digital backbone: PwC

Small and medium-sized enterprises (SMEs) are particularly vulnerable to cyber hacking and frauds due to limited resources

One-third of organisations report data breaches costing over $1 mn in 3 yrs

While most firms have expanded their investment in GenAI, it has expanded their attack surface due to challenges in merging it with cybersecurity strategies

BS BFSI Summit: Why go to Mauritius, come to GIFT City, say fund managers

BS BFSI Summit: As GIFT City gains traction, panellists agreed it is well-positioned to become a key player in international finance, transforming India's role in the global financial landscape

PwC India collaborates with Meta to expand its open-source AI solutions

The consultancy firm stated that the collaboration would help PwC India and Meta "democratise" Generative AI (GenAI) and make it more accessible to businesses by jointly building

PwC making tangible investments for 'high quality' business in China

PwC Zhong Tian LLP was hit with a six-month suspension and a record fine of 441 million yuan ($62 million)