Page 3 - Pwc

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

No decision has been made on whether to penalize the auditor

51% Indians believe AI will help improve productivity at work: PwC survey

The PwC survey also highlighted that 62% of Indians believe that the skills required for their jobs will change significantly over the next five years

Central ministries gave contracts worth Rs 500 crore to 'Big Five' firms

About fifty organisations and 16 departments/ ministries outsourced work to these consultancy firms, which include PwC, Deloitte, Ernst & Young and KPMG, along with McKinsey & Company

Accounting company PwC plans to cut around 600 jobs in UK: Report

The job cuts will be directed mainly at PwC's advisory business and a small number in the tax department, the report said

Big Four accounting firms make $4 bn from India biz; expand into consulting

The Big Four have overhauled their operations over the past few years to gain a wider share in the high-demand advisory and technology services firms

DPDP Act 2023: Consent managers crucial in data protection amid transition

Amidst digital transformation, industry grapples with new privacy mandates

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

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

Digital transformation high on manufacturing sector's agenda: PwC India

54% of the companies have implemented artificial intelligence and analytics for business functions

Audit intricacy, access to talent make splitting audit-non-audit biz tough

Experts say audit no longer simplistic, involves analytics, AI, automation, forensics and tax expertise; Greater audit quality needs variety of skills found in multidisciplinary structure

Big 4 push the tech button, look to expand IT service presence in India

The big four are best known for their accounting and audit services globally. However, with time, they have added several more services to their work

PwC to experiment with chatbots to speed up work of its lawyers: Report

PwC said that it planned to create customised products for tax and legal clients using tech start-up Harvey's platform

PwC will hire around 30,000 people in India in couple of years: Chairman

Global consultancy firm PwC will hire around 30,000 people in India in the next couple of years, company Chairman Bob Moritz said on Friday. In a panel discussion at the Global Business Summit organised by the Economic Times, he said India can be a supplier of that talent to the world, thanks to its technology advancements and the use of AI (artificial intelligence), which the rest of the world doesn't have that skill set. "So, today we've got about 31,000 people. Just so we're clear, and some of that's been reported on this, and our plan is to hire another 30,000 in the next couple of years. "That's the boldness," Moritz said when asked about the company's headcount in India. Schneider Electric Chairman & CEO Jean-Pascal Tricoire also said he was "super optimistic about India". "There is no other place in the world where we have invested most, more than in India over the past 20 years...India is today our third largest business in the world after the US and China," he ...

India's mid, long-term outlook very strong: PwC Chairman Bob Moritz

"Corporate bankruptcies are likely to significantly increase in G7 (nations) in the short-to-medium-term as the global economy slows down"

Eco survey 2023: Bright prospects under dark clouds with silver linings

The Economic Survey outlines the underlying framework of reforms in India centred on ease of doing business and ease of living

India Inc's yearly outlook 'most cautious in a decade': PwC survey

CEOs globally 'most pessimistic' on growth in 12 years, says PwC survey

Ashneer Grover saga: A timeline of how things went wrong at BharatPe

BharatPe has filed a case against Ashneer Grover's wife, Madhuri Jain, under Section 420 for a fraud of Rs 88 crore

Over 50% Indian firms experienced economic crime in 2 years: Survey

95% of them suffered new types of fraud as a result of the disruption caused by Covid-19

Most CEOs in India seek cyber-risk management plan next year: PwC study

One in four companies worldwide has suffered data breach that cost millions of dollars

Over 82% biz executives see cybersecurity budgets rising in 2023: Survey

More than 82 per cent of business executives surveyed in India anticipate an increase in cybersecurity budgets in the coming year, according to a PwC report. The survey highlights that of all the risks affecting organisations, India respondents consider a catastrophic cyberattack, a resurgence of COVID-19 or a new health crisis, and a new geopolitical conflict among the top three risks. "Over 82 per cent of business executives in India foresee an increase in cybersecurity budgets in 2023," said the PwC survey. According to the survey, 89 per cent of Indian business executives say their organisations' cybersecurity team detected a significant cyberthreat to business and prevented it from affecting their operations, as against 70 per cent globally. "It also highlights that 83 per cent Indian business executives say their organisation's cybersecurity team has improved supply chain risk management," according to PwC release. The 'Global Digital Trust Insights' survey captured views o