Latest Press Releases for 2015
- Mumbai, 10 February 2016
Indian consumers moving towards omnichannel way of shopping: PwC
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.
- New Delhi, 9 February 2016
FICCI – PwC Strategy& Survey: India Manufacturing Barometer – Winds of Change
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.
- Mumbai, 3 February 2016
India Inc. yet to begin implementing organisational changes to prepare for smooth Ind AS adoption: PwC Ind AS Outlook Survey
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.
- Hyderabad, 12 January 2016
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
Involved investment worth US$1.5 million. First among the Big 4 to have a dedicated centre of excellence (CoE). Expertise in anti-money laundering, KYC, remediation and third-party due diligence.
- Mumbai, 16 December 2015
Indian realty market is well poised as country regains favour of foreign investors; ULI-PwC report ‘Emerging Trends in Real Estate® Asia Pacific 2016
The progressive evolution of Indian foreign investment policy for the real estate sector through introduction of various liberalisation measures has reinforced the confidence of foreign investors and has helped India regain favour to be one of the preferred investment destinations in the Asia Pacific region, says the Emerging Trends in Real Estate® Asia Pacific 2016 report, jointly published by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC).
- Mumbai, 11 December 2015
PE investments in India breached records in Q3
PE investments in Q3 of CY 15 (Jul- Sep) totaled 6.1 billion USD in value terms across 184 deals. Total PE investments in the first three quarters of 2015 is the best ever for India. PE exits has been not that great, 1.6 billion usd from 48 deals. - Mumbai, 05 Nov 2015
New players in financial services market to push competition to higher levels: CII-PwC report
The world of financial services is changing dramatically and winning in this new market will require players, particularly the existing ones, to unlearn and relearn the ground rules. The entry of new players, many of who will be challengers and disruptors, are likely to push this market to higher levels of competition. Market participants will be forced to focus on specialisation and differentiation in order to respond to an extremely diverse market.
- New Delhi, 02 Nov 2015
Carbon intensity in India on the rise due to rapid growth in demand for coal, even as global decarbonisation rate doubles in 2014
India’s energy emissions rose at 8.2% on-year in 2014 – highest in the world, driven by a double-digit growth in demand for coal, as power consumption increased in line with the rapid 7.4% growth in GDP.
- Dhaka, 26 Oct 2015
PwC India opens subsidiary in Bangladesh: Appoints senior banker and economic analyst Mamun Rashid as partner in-charge
PwC India today announced the opening of its subsidiary in Dhaka, Bangladesh, increasing the footprint of PwC network globally. This initiative will give PwC an opportunity to partner Bangladesh in its growth journey by offering services in areas of advisory and taxation.
- New Delhi, 13 Oct 2015
Indian companies start investing in cyber security as incidents skyrocket: Global State of Information Security® Survey 2016 by PwC, CIO and CSO
Indian companies start investing in cyber security as incidents skyrocket, according to the Global State of Information Security® Survey 2016, done by PwC, CIO and CSO. There was a 117% increase in detected information security incidents in India (globally, this figure is 39% ) and a 71% boost in security budgets in 2015. Financial losses as a result of cyber incidents increased by 135% over the previous year- a steep rise compared to the trend of 20-30% over the years before.
- New Delhi, 6 Oct 2015
PwC FY15 global revenues increase 10% to US$ 35.4 billion
The PwC network reported total global gross revenues of US$35.4 billion for the fiscal year ended on 30 June 2015. At constant exchange rates, PwC's total global revenues rose by 10%. This is up markedly from the previous year and the strongest year-on-year growth that the network has seen since FY07. Growth was strong across all lines of business and in all geographic regions.
- Mumbai, 28 September 2015
Indo - US trade can reach 500 billion USD: PwC-IACC report
The bilateral trade between India and US has the potential to grow to 500 billion USD by 2025 through concerned efforts from all stakeholders - government leaders and investors, corporates, businesses and entrepreneurs.
- New Delhi, 23 September 2015
Post coal block auction, industry at crossroads - ICC PwC study
The recent reforms in the Coal Mines Special Provisions Act and the Mines and Minerals (Development and Regulation) Amendment Act (MMDR) are a step in the right direction. However there is still a need to streamline approval and development processes to further propel the growth of the coal sector.
- Mumbai, 15 September 2015
Retailers need business strategy for digital age: PwC-India Retail Forum
Retailers today need a business strategy for the digital age and an enhanced business model to drive rapid growth in the future. This means relooking at everything - the role of the store, place of service, consumer connect, management of risk and role of employees.
- Mumbai, 18 August 2015
PE investments in India see action packed Q2
PE investments in Q2 of CY 15 (Apr- Jun) totaled 4.29 billion USD in value terms across 135 deals.Total of Q1 and Q2’2015 PE investments is best ever for India.PE exits has been the best in the history of Indian PE totalling 3.63 billion USD in 50 deals.
- New Delhi, 17 July 2015
Building child-friendly cities and commitment to children’s rights is top priority for Indian urban development agenda
Urban children, especially those from disadvantaged sections, are susceptible to ill-health, poor access to water and sanitation, insufficient education, urban disasters and lack of protection. Indian cities need to have a system of local governance that is committed to fulfil children’s rights.
- Mumbai, 15 July 2015
Managing change within industry ranks as the biggest risk for insurers in India, reveals CFSI’s Insurance Banana Skins 2015
India findings in sharp contrast to overall global results which cite Regulation as a major risk. India’s ‘above average’ score on the Banana Skins Index implies a higher level of risk anxiety; scores above average on the Preparedness Index as well implying a higher level of risk preparedness.
- Mumbai, 3 June 2015
PE investments in India grow by 15 percent in Q1 2015
PE investments in Q1 of CY 15 (Jan- March) totaled 2.8 billion USD in value terms across 130 deals. PE exits 3 times higher in value terms at 1.14 billion USD in 40 deals.
- Mumbai, 27 May 2015
70% of institutional investors turning down projects on environmental, social and governance grounds
Seven out of ten institutional investors interviewed by PwC say they would decline to take part in a private equity fund raising or would turn down a co-investment on environmental, social and governance risk grounds.
- Mumbai, 21 April 2015
Digital platforms will impact the entire ecosystem of the banking industry: CII PwC study
Digital intervention is a reality in today’s banking business and banks need to adapt and respond to this change to stay ahead of competition.
- Mumbai, 19 March 2015
CEOs in India more confident about growth than global peers: PwC survey
Positive sentiment on short-term growth increases to 62% in 2015 from 49% in 2014. 59% see an improvement in global economic growth over the next one year as against 37% CEOs across the globe.
- Mumbai, 25 February 2015
PE investments in India register phenomenal growth in Oct-Dec 2014
PE investments in Q4 of CY 14 (Oct-Dec) totaled 4.35 billion USD in value terms across 107 deals. PE exits dropped by 25 percent in terms of value to 1.02 billion USD in 27 exits.
- Mumbai, 11 February 2015
Indian retail industry is devising strategies which could potentially disrupt competitor business
Indian retail industry is devising strategies which could potentially disrupt competitor business. The disruption strategy adopted by online retail has resulted in successful sales of 5.3 billion USD.
- New Delhi, 20 January 2015
CEOs less optimistic about global economy for 2015
But confidence in growth of their own companies remains steady.
United States has overtaken China as top target for growth for the first time in five years. Russian CEOs go from most confident in 2014 to least in 2015.
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