PwC India has announced the launch of its first-ever startup accelerator programme 'Emerging Tech Startup Challenge' geared to empower startups in the emerging technology space to refine their solutions and bolster market penetration. The accelerator programme is aimed at driving innovation and supporting India's vibrant startup ecosystem by providing mentorship, consulting expertise, and strategic guidance. Announcing the launch of 'Emerging Tech Startup Challenge', PwC India said the programme is open to all India-based startups working across the areas of artificial intelligence (AI), data analytics, blockchain/Web 3.0, space tech, Industry 4.0, and spatial reality, among others. "We would be excited to see wide ranging innovations across industries in B2B/B2C segments, such as, retail and consumer, manufacturing, financial services, infrastructure, healthcare and telecom," it said. Over three months, 15 selected startups will benefit from access to mentorship from subject matte
PwC said that it has achieved its ambitious milestone of $1 billion in topline revenue well ahead of schedule
Budget focuses on equitable prosperity by increasing accessibility to quality education, healthcare and social welfare programmes
Proposals aim to encourage the middle class to spend and help economic growth. By Pwc India
Small and medium-sized enterprises (SMEs) are particularly vulnerable to cyber hacking and frauds due to limited resources
Low health care expenditure at about 2.1 per cent of GDP for FY23, compared to both developing and developed nations
India is among the top countries in terms of investment plans made by CEOs and also in terms of their confidence in the country's economic growth, a global survey showed on Monday. Releasing its annual CEO survey here on the first evening of the World Economic Forum Annual Meeting, PwC said nearly 9 out of 10 Indian CEOs remain confident of economic growth as they plan headcount increases and continued AI rollout. India also remains among the top five territories (along with the US, the UK, Germany and Chinese Mainland) for global CEOs' investment plans, the survey found. Almost 51 per cent of Indian CEOs were positive about GenAI's impact on profitability, while one-third of Indian CEOs noted revenue increases from climate-friendly investments over the past five years. For more than 40 per cent of Indian CEOs, product and service innovation is the most common reinvention action in the last 5 years, PwC said. Four in 10 CEOs in India and across the world said their companies have
The survey polled more than 4,700 CEOs across 109 countries, including more than 75 from India
The Indian arms of Deloitte, PwC, EY, and KPMG outpaced their global counterparts in FY24, driven by booming demand for consulting services, with revenue set to surpass Rs 45,000 crore by FY25
Nearly half of Indian manufacturers said they invested in supply chain resilience with real-time analytics. Over 50% of them focus on sustainability, and 46% on strengthening cybersecurity
Consumers are worried about data breaches, and a large number of them are not aware of their rights related to personal data, according to a PwC India survey. The PwC Survey on Data Privacy offers vital insights from 3,233 consumers and 186 organisations across India, exploring the awareness and implementation gaps concerning the Digital Personal Data Protection Act (DPDPA), the consultancy firm said. As per the survey report titled 'How aware and prepared are Indian consumers and businesses to navigate the new era of digital privacy?? A survey of India's data privacy landscape', 42 per cent of consumers are not sure if they will continue using the services of a company post a data breach. "This rate is higher in Tier-1 cities at 46 per cent. Although 52 per cent of organisations are planning additional security controls around personal data, technology alone won't solve the compliance issue," PwC India said. The survey also showed that only 16 per cent of consumers are aware of
Companies in the social and casual gaming sector earned Rs 13,800 crore in 2023 and are expected to reach Rs 36,600 crore in topline in the next five years
PwC India has announced a collaboration with Meta to expand and scale its open-source AI solutions to enterprises and citizen services on Meta's Llama models. This collaboration will promote the adoption of the Llama open-source platform and help PwC develop innovative solutions powered by Generative AI (GenAI) on a global scale, the consultancy firm said in a release. In light of the Indian government's announcement to launch the IndiaAI Mission and its investment in building a robust AI ecosystem, the moment is ideal for businesses to harness the potential of GenAI, it added. "With Llama Models, we see a unique opportunity to democratise this technology across industries, and drive innovation while solving real-world challenges. Together, we aspire to create a more digitally enabled future for our clients and our communities - to create value and drive meaningful change at scale," Sanjeev Krishan, Chairperson of PwC India, said. The collaboration will help PwC India and Meta to .
The consultancy firm stated that the collaboration would help PwC India and Meta "democratise" Generative AI (GenAI) and make it more accessible to businesses by jointly building
UPI, credit cards, QR codes adoption increasing but debit cards may be losing their sheen
In the "Conservative" case, if exports grow at the rate of 10 per cent, India would have to wait until 2032-33 to meet the target of $1 trillion in exports
The alliance would use Microsoft Copilot for Security - a generative AI-powered security tool
PwC India has announced a partnership with Microsoft India to spruce up incident response and recovery capabilities. According to a release, the alliance brings together PwC India's incident management capabilities and Microsoft's advanced technology to protect enterprises effectively, at a time when organisations face increasingly-sophisticated cyber threats. "With the use of Microsoft Copilot (generative artificial intelligence chatbot) for security -- a generative AI-powered security solution, enterprises can leverage Microsoft's large-scale data and threat intelligence security graph with PwC's secure system rebuilding and broader incident management capabilities," the release said. Moreover, faster removal of threat actors can be achieved with Microsoft Incident Response swiftly, identifying and evicting bad actors, while PwC India focuses on rebuilding mission-critical systems securely, it added.
Tax proposals aim to bring in uniformity, improve compliance and reduce litigation
The Budget has taken up several welcome measures for their benefit and overall trade facilitation