Latest press releases

PwC partners the AP Commercial Taxes Department to mitigate tax fraud with advanced analytics

03 May 2017

PwC India today announced that it has deployed a cutting-edge fraud analytics solution for the Andhra Pradesh Commercial Taxes Department.

PwC India launches PwC Insights as a Service

25 Apr 2017

PwC India, a leading global professional services organization, today announced the launch of the PwC Insights as a Service (PIAS) offering that allows enterprises to embrace advanced analytics and data science capabilities quickly, with flexible commercials and lower total cost of ownership.

95% of Indian financial institutions expect to partner with FinTechs in FY17-18 to boost innovation: PwC report

20 Apr 2017

A whopping 95% of incumbents in the financial services industry believe that the innovation they seek can be brought about by engaging in FinTech partnerships.

71% of CEOs in India very confident of their company’s growth prospects, far more than the global average: PwC Survey

18 Apr 2017

Against the backdrop of uncertain economic growth and rapid technological changes, CEOs in India continue to be confident of their company’s growth prospects in the coming 12 months.

PwC India sets up an Innovation Hub at T-Hub to support and mentor startups

30 Mar 2017

PwC India today announced that it has set up an Innovation Hub aimed at mentoring startups at T-Hub’s Catalyst facility. The Innovation Hub has been set up as part of PwC’s strategic partnership with T-Hub, a startup incubator launched by the Telangana government, to encourage, nurture and contribute to the growth of startups across the country.

Use of technology in tax will help increase tax base, improve compliance – PwC report

27 Mar 2017

Companies need to invest and upgrade their technology in tax functions, just as they invest in other functions within their organisation. With the global tax landscape changing dramatically and tax authorities around the world increasingly focussing on enforcing compliance and expanding the tax base, it is imperative for companies to proactively invest in their tax functions and make it more technology enabled. This is according to PwC’s report, Tax technology: The next wave in business transformation.

You can’t have a machine age without humans – PwC report

28 Feb 2017

Bengaluru, February 28, 2017: According to PwC’s 20th CEO Survey, with the rise of automation, how to achieve the right mix of people and machines in the workplace will become the critical talent question of our age. The survey highlights that 52% of CEOs say they’re exploring the benefits of humans and machines working together, and 39% are considering the impact of Artificial Intelligence on future skills needs. This a delicate balancing act for CEOs in every sector and region.

PwC India launches its app for GST – “GST with PwC”

28 Feb 2017

New Delhi, 28 February 2017: PwC India announced the launch of its ‘GST with PwC’ app, designed to provide insights, news and latest updates on the ever evolving landscape of GST in India. The user intuitive app provides users access to the PwC analysis on GST impact, sector insights and views of subject matter experts on trends and new developments. The app has an interactive polling and GST contest, where users can compete against other users to test their GST knowledge.

Shift of global economic power to emerging economies set to continue in long run, with India, Indonesia and Vietnam among star performers

07 Feb 2017

The long-term global economic power shift away from the established advanced economies is set to continue over the period to 2050, as emerging market countries continue to boost their share of world GDP in the long run despite recent mixed performance in some of these economies.

61% of C-suite executives of Indian enterprises believe their organisations to be highly data driven: PwC Report

01 Dec 2016

As per PwC’s Using advanced analytics to make Big Decisions ™ report, India scores higher as compared to their global counterparts with 61% of India leaders believing that their organisational decisions are highly data-driven compared to the global benchmark of approximately 40%.

Only 15% of Indian family businesses have a robust succession plan: PwC Report

21 Nov 2016

While three-quarters of Indian family businesses have grown in the past one year, barely 15 per cent of them have a robust, documented and communicated succession plan, according to PwC’s 2016 India Family Business Survey Report.

PwC India and Habitat for Humanity India give people of Manipur homes and hope

21 Nov 2016

51 reconstructed houses and a Community Centre were handed over to the residents of Tamenglong District who were affected by the 2016 earthquake

PwC India joins the Swachh Bharat Abhiyan from Ajmer

18 Nov 2016

9,000 girls from 11 Government schools get access to clean toilets, positively impacting school dropout rates

Shyamal Mukherjee elected PwC India Chairman

04 Nov 2016

Shyamal Mukherjee has been elected as the new Chairman of PwC network of entities in India for a four year term beginning Jan 1, 2017.

PwC launches Global Crisis Centre

13 Oct 2016

The demand is evident; with two-thirds of over 1,400 global CEOs believing their businesses face more threats today than three years ago and over half concerned about their readiness to respond to a crisis¹, PwC has launched the Global Crisis Centre to help organisations prepare for, respond to, and recover from crisis.

USD 1 Trillion needed in the next five years to meet India’s infrastructure & housing demand: PwC-NAREDCO-APREA Report

13 Oct 2016

India will require investment of USD 1 trillion over a period of next 5-7 years to meet the Infrastructure and housing demand. While approximately 70-80% of the demand will be from housing, the balance will be from Smart City projects, Infra-linked real estate projects like airports, railways and urban transport and the development of industrial corridors.

PwC India and Microsoft India form strategic alliance to empower India’s Digital Transformation

07 Oct 2016

PwC India and Microsoft India have formed a strategic alliance that will help industry harness some of the core competencies of both firms. This strategic partnership between Microsoft and PwC will empower the digital transformation of large and mid-sized organizations in India by leveraging Microsoft’s technology expertise and PwC’s strategy capabilities across sectors and competencies, including taxation, smart cities and digital India programs.

PwC India launches Digital Experience Centre to accelerate digital innovation and transformation

06 Oct 2016

PwC India has launched its Digital Experience Centre (DEC) in Bengaluru. This experience centre provides a unique ecosystem combining the best of industry knowledge, experience in business transformation and creative imagination fuelled by people with diverse skill sets. The DEC enables rapid and scalable prototyping which can be tested and deployed to clients within a few days versus the standard industry norm of few months. Thereby bringing in efficiency in terms of time, investment and opportunity cost.

FY16 global revenues rise to record US$35.9 billion as PwC looks to future

05 Oct 2016

The PwC network reported total global gross revenues of US$35.9 billion for the fiscal year ended on 30 June 2016. At constant exchange rates (local currency), PwC's total global revenues rose by over 7%.

Ind AS adjustments result in an increase in reported net income: PwC

22 Sep 2016

Mumbai: With the adoption of Indian Accounting Standards (Ind AS), majority of the companies had to make adjustments on account of taxes, financial instruments and revenue recognition.

Government intervention and private sector engagement in waste water reuse critical to solving the urban water crisis: PwC report

20 Sep 2016

Water stress has become a perennial concern in most Indian cities. India is expected to add approximately 404 million new urban dwellers between 2015 and 2050. This rapid urban growth will be linked with higher industrial output and greater energy demand, thus adding to the urban water stress. Institutionalising the reuse of treated wastewater can help utilities in addressing this challenge in an effective manner.

Impact of shift in consumer spending and behavior a challenge for CEOs in the retail and consumer goods sector: FICCI-PwC Report

01 Sep 2016

The changes to Indian consumer behaviour are being driven by increasing incomes, the younger profile of consumers and growing access to the internet.

Q2 of 2016 saw PE investments of 4.3 billion USD in India

01 Sep 2016

The second quarter (April to June) of calendar year 2016 has again given a strong push to Indian private equity (PE). The Q2 ’16 has seen investments worth 4.3 billion USD in 147 deals. The average deal size for this quarter was 29.1 million USD.

India well positioned as major investment destination, particularly for the US: PwC-IACC report

22 Aug 2016

India is well positioned as a major investment destination for the global community, particularly the US. Its macroeconomic stability, resilience and ability to deal effectively with external shocks and the government’s proactive initiatives are making India a large and approachable market that is capable of yielding steady and attractive returns to investors in the medium-to-long term.

India is an attractive emerging market destination for foreign portfolio investors: PwC

17 Aug 2016

Foreign portfolio investors (FPIs) worldwide believe that India is an attractive investment destination among emerging markets with a favourable trade and settlement cycle, moderate tax rates and adequate investment limits. Among others, these are some of the key findings of the PwC’s Foreign Portfolio Investor Survey 2016-17 – India Moving in the right direction.

Digitisation in Industrial sector in India to grow to 65% in next five years

21 Jul 2016

Digital is now a priority for most CEOs of industrial companies in India. Industrial leaders are digitising essential functions within their internal vertical operations processes and are focused on driving both revenue growth and operational efficiencies.

Emerging markets will drive innovation in the payments industry: PwC

19 Jul 2016

The payments landscape in emerging markets, including India, is expected to transform on the backbone of accelerating growth in electronic payments given the advent of new and disruptive market players and alternative business models.

PwC India appoints Joydeep Kumar Roy as Leader for Insurance practice

23 Jun 2016

PwC India has appointed Joydeep Kumar Roy as a Partner in the Advisory practice. He will lead PwC's insurance and allied business practice in India.

Investments of more than 10 lakh crore INR required in Coal and allied industries to achieve 1.5 billion tonnes (BT) target of domestic coal production by FY 2020: PwC - ICC report

22 Jun 2016

India has set an ambitious target of 1.5 billion tonnes (BT) of domestic coal production by FY 2020 and will need huge investments adding up to more than 10 lakh crore INR in coal mining and its allied sectors like power, steel, cement, infrastructure for logistics, and coal washeries for achieving this goal.

Q1 of 2016 saw PE investments of 3.1 billion USD in India

16 Jun 2016

The first quarter (January to March) of 2016 started on a strong note for Indian private equity (PE). The Q1 of CY 2016 saw investments worth 3.10 billion USD in 160 deals. The average deal size in Q1 ’16 was 19.4 million USD.

India's entertainment and media industry to clock over US$40,000mn by 2020: PwC Report

08 Jun 2016

India’s entertainment and media sector is expected to grow steadily over the next four years as per PwC’s Global Entertainment & Media Outlook 2016-20. The industry is expected to exceed US$40,000mn by 2020 growing at compound annual growth rate (CAGR) of 10.3% between 2016 and 2020.

Fire, terrorism, cybercrime and corporate espionage to become biggest threats to businesses in the coming years: PwC-ASIS survey

23 May 2016

Growing threats of terrorism, natural disasters and increasing instances of social unrest have made physical security one of the biggest concerns for corporate India. A large number of companies feel the existing security standards, legal, regulatory and compliance frameworks in the industry were not adequate to support corporate security requirements in India. This is according to a survey by PwC India and American Society for Industrial Security (ASIS).

PwC opens office in Bangladesh

21 Apr 2016

PwC today announced the inauguration of its office in Dhaka, further leveraging the opportunity to partner Bangladesh in its growth journey by offering services in areas of advisory and taxation. The new office was inaugurated by Honourable Finance Minister Mr Abul Maal Abdul Muhith, with British High Commissioner to Bangladesh, Alison Blake and Deputy Chief of Mission of US Embassy in Dhaka, David Meale in attendance.

Emerging technologies and business models will change the way services are delivered — Onus on administrators to aid the transformation: PwC-World Economic Forum report

07 Apr 2016

The ‘business of running cities’ is changing rapidly due to the emergence of new business models and technologies. Innovative business models such as sharing and circular economy, digital integration of services, public asset revitalisation and innovative outsourcing, will unleash excess capacities in the urban realm and enable cities to do more with less. Internet of things (IoT), mobile based sensing, location and condition sensing, data analytics and open data will also play a key role in enabling cities to battle myriad urban challenges.

Institutional, business and sectoral reforms needed to increase private sector collaboration in India’s smart city initiatives: PwC-World Economic Forum report

07 Apr 2016

India has seen improved business environment in the recent past, as reflected in India’s ranking in Global Competiveness Report released by the World Economic Forum. However, much more needs to be done across dimensions such as land acquisition, dispute resolution, permitting process, information availability and procurement process to propel India’s global standing.

Industry sees Indian Designed Developed & Manufactured (IDDM) categorisation as the game changer: PwC - ASSOCHAM Report

29 Mar 2016

Both Indian and foreign industry believes the new category, Indigenously Designed Developed & Manufactured (IDDM), will be a game changer for the future, leading to real participation of domestic companies. This category is expected to bring significant investments in R&D and will ensure that the scientific talent in India is engaged in developing cutting-edge technologies in defence.

Q4 of 2015 saw investments of 3.9 bn USD, making it biggest year of PE in India

15 Mar 2016

The last quarter of 2015 (October to December) provided a strong finish to the year, making it the best year for Indian private equity (PE) in history. The fourth quarter of 2015 saw investments worth 3.9 billion USD, a 40% drop as compared to the previous quarter and a 12% drop as compared to the same period of CY 2014. Despite the drop, the stellar performance throughout the whole year helped 2015 to become the best year ever, with a total of 19.5 billion USD worth of PE inflow across 159 deals.

Indian CEOs more confident about growth than global counterparts: PwC Survey

08 Mar 2016

CEOs in India continue to be more confident about their company’s growth than their global peers. According to PwC’s 19th Annual Global CEO Survey (India report), 64% of the respondents are very confident of their growth prospects in the next 12 months as compared to 35% globally. India overtook Brazil in the global CEOs’ ranking of growth markets, jumping up to the fifth place this year from sixth in 2015.

Section 79 of the Income-tax Act needs a rethink in the digital age: Whitepaper by Snapdeal & PwC

25 Feb 2016

This communiqué covers an important issue facing start-ups and digital businesses around section 79 of the Income-tax Act, 1961 wherein they are unable to carry forward and set off the business losses that they typically incur in the initial years of their operations, because of the dilution of the original promoter shareholding beyond 49%, to other investors/VCs/PE players.

Indian consumers moving towards omnichannel way of shopping: PwC

10 Feb 2016

PwC’s annual global total retail survey 2016 has tracked consumer behaviour across retail channels, bringing to light the changes brought about by multichannel retailing. From choosing between channels to being channel agnostic, Indian consumers today are moving with pace towards the omnichannel way of life.

FICCI – PwC Strategy& Survey: India Manufacturing Barometer – Winds of Change

09 Feb 2016

That India is a bright spot in the context of global economic growth scenario has been acknowledged by the World Bank and International Monetary Fund (IMF). According to the FICCI – PwC Strategy& Survey: India Manufacturing Barometer – Winds of Change, majority of the respondents agreed that growth would be in the range of 7–8% in India.

India Inc. yet to begin implementing organisational changes to prepare for smooth Ind AS adoption: PwC Ind AS Outlook Survey

03 Feb 2016

The level of preparedness for Ind AS adoption for companies goes beyond financial reporting, requiring significant organisational changes. The PwC Ind AS Outlook Survey found that more than 50% of the respondents are yet to plan or commence implementing changes at an organisational level. Also, 39% of the respondents are yet to start or plan for the impact assessment of Ind AS adoption.

PwC India sets up centre of excellence for forensics in Hyderabad To hire 150 anti-money laundering and due-diligence professionals in the next one year

12 Jan 2016

PwC India today announced the setting up of a centre of excellence (CoE) for forensics in Hyderabad. This state-of-the-art facility will provide clients with solutions related to anti-money laundering compliance, third-party due diligence, email and document review, and investigation support.