Page 3 - Pwc India

Build trust in GenAI to transform India's data-rich tax landscape: Report

The report by consultancy firm PwC revealed that GenAI can help companies track latest laws and regulations around taxation and help overcome the current time gap

China looking into PwC's role in $78 billion Evergrande fraud case

No decision has been made on whether to penalize the auditor

PwC India to offer tech-based compliance monitoring services with Axar

Agreement will have the two companies work together in 'creating market awareness'

Urban Indians ready to pay premium price for quick delivery: PwC report

The lack of discounts and special offers in physical stores, along with large crowds in malls during weekends are some of the reasons why urban dwellers prefer to shop online

Number of M&A deals in India falls 10% to 793 in 2023, says PwC report

However, the total disclosed deal value for M&A declined much steeper at 38 per cent during the year, according to the report titled 'Deals at a glance'

India needs multi-pronged approach for ESDM sector, says PwC India

India needs a multi-pronged approach for the Electronics System Design and Manufacturing (ESDM) sector to leverage the momentum for value chain resilience, as the window of opportunity created by the current geopolitical context is very small, according to a report. "Decisive policy action is the need of the hour," said PwC India's report on 'The India Opportunity: Developing Resilient Electronics Supply Chains'. It noted that India is uniquely placed among global economies, having garnered goodwill as a reliable partner for countries across the world. "The country must now leverage this momentum to ensure that its internal strategy and operations enable it to become future ready. A multi-pronged approach is essential to ensure that the centre of the ESDM sector in India holds firm," the report said. Emphasising that the next decade will be crucial for this, given the window of opportunity for India to be a part of the value chain -- created by the geopolitical context -- is very .

PwC India, CWAS launch framework for ESG assessment of Indian cities

PwC India has launched a framework for the Environmental, Social and Governance (ESG) assessment of cities, developed in partnership with the Centre for Water and Sanitation (CWAS), CEPT Research & Development Foundation (CRDF) at CEPT University. The framework is aimed to encourage Indian cities to become ESG-ready and create an enabling environment for investors in the country. It includes 62 indicators covering themes on global development goals and national commitments, in addition to the municipal functions mandated to local governments, PwC India said in a release. The ESG rating system developed for the assessment of cities starts with 'Initiators', which are cities that have indicated their intent to undertake a few actions on the E, S and G fronts. An increasing score leads to a city being ranked as an 'Aspirant', 'Performer' and subsequently an 'Achiever', it said. Speaking on the launch of the framework, Meera Mehta, Head, CWAS-CRDF-CEPT University, said, infrastructure

Only 9 of 100 firms obtain clear consent before collecting user data: PwC

Only 17% of Indian organisations have listed the email IDs of customer care or other functions for queries with respect to data protection

Indian enterprises increase AI adoption in post-Covid era: PwC report

Indian enterprises have increased AI adoption and industrial products and the manufacturing sector seeing maximum adoption rates following the Covid-19 pandemic, a report said. According to a PwC report titled 'Towards a smarter tomorrow: Impact of AI in the post-COVID era' the industrial products and manufacturing sector has seen the maximum adoption of AI/ML (Artificial Intelligence/ Machine Learning) over the last two years. Almost 64 per cent of the organisations surveyed in the industrial products and manufacturing sector say they are currently at an early stage of their AI-based transformation journey reflecting the opportunities for further investments and growth led by AI/ML solutions in this sector, it said. PwC said it conducted surveys with 220-plus CXOs and decision-makers across the Indian market in 202223. This was a follow-up to the survey conducted in 2020. "While there has been a significant increase in AI adoption with scalable impact in terms of returns, trends .

PwC resigns as Paytm Payments Services' auditor, SR Batliboi appointed

Paytm added that the statutory auditors have not raised any concerns or issues and that the company has noted PwC's resignation

Top headlines: SBI beats RIL, becomes most profitable firm, and more

Business Standard brings you the top headlines at this hour

India a bright spot in bleak global outlook for entertainment & media: PwC

Future of media not very entertaining

Are Indian startups running short on funding? Startup | Funding Winter | Business News

According to a PwC report, in H1CY23, the Indian startup ecosystem received the lowest amount of funding in the last four years. >

Zoho, PwC India to help enterprises scale up digital transformation journey

Global technology company Zoho Corp on Wednesday said it has signed a strategic partnership with PwC India to help medium and large enterprises in the country accelerate their digital transformation journey. The alliance between the two entities brings Zoho's product portfolio of over 55 products with PwC's expertise in driving digital transformation strategy through advisory and consulting services. PwC India and Zoho as per the tie-up, would focus on providing clients and businesses with transformation solutions such as customer experience platforms, custom applications, HR technology, and financial management applications. "We are confident that our customers will benefit from the breadth and depth of Zoho's offering coupled with the industry expertise of PwC. We plan to expand our partnership with PwC to other geographies in the coming years," Zoho Corp Head-Channel Ecosystem, Bishan Singh said. PwC India, Partner and Leader-Alliances and Ecosystems Vivek Belgavi said, "With ..

PwC India ties up with Zoho to drive digital transformation of firms

The PwC India- Zoho partnership "will accelerate their digital transformation journey" of medium to large enterprises in the country, PwC India said

Why some Indian companies still don't trust AI?

According to a PwC report, 38 per cent of Indian companies that participated in the survey have no plans to adopt digital technology for their businesses. Watch the video to know why >

Investment in Indian startups in H1 2023 lowest in last 4 years: PwC India

Funding in Indian startups fell by 36 per cent in January-June to USD 3.8 billion, the lowest half-yearly number in the last four years, as investors are taking longer time in due diligence of every aspect of business, according to a PwC India Report. Early-stage deals accounted for 57 per cent of the total funding in the first half of 2023 (H1 CY23) in volume terms, said the report titled, Startup Perspectives - H1 CY23. In value terms, early-stage deals contributed to approximately 16 per cent of the total funding in H1 CY23 but was at its lowest in H1 CY23 as compared to the previous two years. "The Indian startup ecosystem reported the lowest six-month funding in the last four years in H1CY23 at USD 3.8 billion across 298 deals - a decline of nearly 36 per cent as compared to H2 CY22 (USD 5.9 billion). Fintech, SAAS and D2C continued to be the most funded sectors in H1 CY23," it said. During the last few quarters, despite challenging funding market conditions, investors have sh

UPI to account for 90% of retail digital payments by 2026-27: PwC report

Growing at a steady pace, UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in the country, said a PwC India report. Unified Payments Interface (UPI), which is driving the digital payments revolution, accounted for about 75 per cent of the total transaction volume in the retail segment during 2022-23, said the PwC report titled "The Indian Payments Handbook 2022-27". UPI is projected to account for 90 per cent of the total transaction volume in retail digital payments over the next five years, the report said. The Indian digital payments market saw steady growth at a CAGR of 50 per cent (volume-wise) and is expected to reach 411 billion transactions in FY 2026-27 from 103 billion in FY 2022-23, the report said. "It is estimated that UPI will record 1 billion transactions per day by FY20262027, going from 83.71 billion transactions in 2022-23 to 379 billion transactions by 2026-27," it added. It further sai

57% of all fraud incidents in India are platform frauds: PwC Report

More than half of all fraud incidents in India were 'platform' fraud, a novel form of economic crime that involves fraudulent activities associated with social media, e-commerce, enterprise and finTech platforms, said a PwC India report on Thursday. The onset of the pandemic has led to an increase in platform fraud, said the second edition of PwC's Global Economic Crime and Fraud Survey 2022: India Insights, titled 'Platforms: The new frontier of fraud in India'. "The surge in remote work, e-commerce, delivery applications and contactless payments has further contributed to the rise of this type of fraud. 57 per cent of all fraud incidents in India were platform fraud," it said. It further said more than 26 per cent of Indian organisations lost over USD 1 million due to platform fraud, and 44 per cent of the perpetrators were found to commit fraud for financial gain. PwC said it surveyed 111 organisations across India from diverse industries such as technology, financial services,

57% of all fraud incidents in India are 'platform' frauds: PwC India

Over 26 per cent of Indian organisations have lost over $1 million till now due to platform fraud, according to a report released by PwC India