Page 2 - Pwc

PwC partners with OpenAI to become ChatGPT's largest enterprise customer

The deal reportedly aims to develop advanced foundation models to streamline complex tasks and deliver personalised insights for PwC's tax, legal, and HR professionals

AI-intensive sectors show surge in workers' productivity, says PwC

The data suggested that the rise of artificial intelligence could help countries to break out of a rut of low productivity growth which would boost economic growth, wages and living standards

Hope ICAI takes inputs before issuing networking rules: Sanjeev Krishan

PwC in India today employs more than 55,000 people across our 12 offices. Our recruitment efforts span the breadth of the country, resulting in a highly diverse team composition, Krishan said

UBS still examining the risk of misstatement in Credit Suisse's books

A "material weakness" in how Credit Suisse reported its numbers could signal a significant misstatement in the financial statements

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