Pwc India

Direct tax: Budget gives a blueprint for sustained high-growth trajectory

Presently, no TDS is required on interest payable in the case of listed dematerialised securities

M&A, other corporate deals surpass pre-Covid levels in 2022: PwC report

Despite global headwinds, mergers and acquisitions and other corporate deals in India surpassed pre-Covid levels to reach USD 159 billion with as many as 2,103 transactions in 2022, a 29 per cent increase from 2021 in terms of value, said a PwC India report. India demonstrated signs of stable corporate deals defying the trend among most major economies of the world, said the PwC report titled 'Deals in India: Annual Review 2022'. Mergers and acquisitions accounted for a major share of the deal value, boosted by more than 20 large transactions, and reached a record high of USD 107 billion -- almost twice that of 2021. "However, excluding the HDFC Ltd and HDFC Bank merger (worth USD 60 billion), M&A deal values were about 15 per cent lower than that of 2021. Private equity (PE) investments stood at USD 52 billion, 22 per cent lower than 2021 but 20 per cent higher than all other preceding three years in terms of value and quantum," it said. It is to be noted that deal activity ...

Auditors of GoMechanic had raised several red flags in accounting: Report

The firm did not maintain inventory records for receipts and issuance of goods directly received by the customers

Start-up funding dips 33% YoY in CY22, early-stage funding grows: PwC India

The SaaS segment witnessed a 20 per cent increase in funding during CY22 compared to CY21 and accounted for nearly 25 per cent of all funding activity this year

India's startup funding in 2022 double the pre-pandemic level: PwC

21 startups entered the unicorn club in 2022, highest from SaaS category

Consultancy companies doubling capacity in sustainability divisions

According to industry sources, about 350-400 of the 1,000 companies have already engaged the services of sustainability consultants

At $2.7 billion, startup funding in India at 2-year low in Q3: PwC India

The startup funding activity declined to $2.7 billion in Q3CY22 from $6.6 billion in Q2CY22

Asha Ramanathan, new COO; Gayathri Parthasarthy, new FSS lead at PwC India

Asha is a qualified chartered accountant (CA), and Parthasarthy is a Financial Services industry veteran

Attrition to remain high as millennials demand better pay, promotion: PwC

Most employees in India may not return to offices yet and are more inclined towards the remote and hybrid work model, shows PwC survey

PwC India completes acquisition of Salesforce consulting firm Venerate

Venerate, which was founded in 2016 in Bangalore, builds customised solutions on the Salesforce platform across multiple clouds. The solutions help organisations in managing customers and sales

PwC India completes acquisition of Venerate Solutions Private Ltd

Venerate builds and deploys customised solutions on the Salesforce platform across multiple clouds including financial services cloud, salesforce marketing cloud, etc

Five years of GST: Indirect tax reformed, but there's still some way to go

July 1 will mark five years of goods and services tax (GST) in India. Starting today, we track the journey through a series of reports

Govt looks to restructure export promotion councils, aims to boost growth

The government has delegated PwC India the responsibility of preparing the primary report

83% Indian BFSI players think AI must to boost customer experience: Report

The report also said more than 80% of respondents from the banking and financial services industry say they have deployed chatbots to make customer servicing easy.

50% of India leaders feel unsure about the future of work: Report

The future of work involves tapping into talent virtually in tier II and III cities on the one hand, and leveraging the gig economy on the other: PwC report

'As $35 bn flows into start-ups, total deals soar 40% to $115 bn in 2021'

Of the total PE money, as much as USD 35 billion were pumped into start-ups alone: PwC India report

Covid-19 pandemic accelerates digital adoption in health sector: PwC India

While doctors and patients went online to mitigate infection risk, pharma companies too adopted digital tools rapidly for customer engagement, development of multiple delivery models and R&D

PwC India to invest Rs 1,600 crore, create 10,000 more job opportunities

A large proportion of these jobs will come in the areas of digital, cloud, cyber, analytics and emerging technologies.

Deal activity in H1 2021 at $40.7 bn, down 14% over year-ago period

When compared with the second half of 2020, the $40.7 billion investments were a mere 2 per cent increase

PwC India announces special bonus for all employees

Audit firm PwC India on Thursday announced a special one-time bonus for all its 1,500 employees