Pessimism at record level among CEOs: PwC survey
A record level of pessimism has creeped into the CEOs across the world regarding the worldwide economic growth, a much sought after survey showed here on the first evening of the WEF annual meeting.
Significant coordination between policymakers, investors and consumers to drive successful transformation of the power sector: PWC
Just Herbs raises $1.5 million in pre-series A funding
The company said the funds will be infused towards portfolio and distribution expansio...
India’s corp tax cut a strong signal to investors: PwC Exec
Pricewaterhouse Coopers senior executive Colm Kelly said the corporate tax sends a strong signal and the earlier rate cut improved one key factor that investors take into account before making investments. The government now needs to put in place a better dispute resolution mechanism to provide certainty to investors.
PwC India to challenge ED’s Rs 230-crore penalty
PwC would file an appeal at the tribunal level in the next few days that would challenge the basis on which ED has interpreted the law and levied the fine.
Cash flow to be further impacted as GST Council lowers eligible credit under ITC to 10%
The change has led to another set of compliance on a monthly basis i.e. check GSTR 2A if the credit claimed doesn’t exceed GSTR 2A by 10% and also determine the credit which are ‘eligible’ out of the GSTR 2A before applying this 10% rule.
Sebi bans auditor for one year in Coral Hub case
Besides, K P Joshi, proprietor of the audit firm, has also been barred for one year.
Audit firms eye global tie-ups to upgrade skills, build bandwidth
The primary reason, for global tie-ups, being cited is the growing complexity in audit business.
Infosys hires PwC to probe plaints
Infosys hired PwC to investigate two whistle-blower complaints alleging financial malfeasance against chief executive and finance chief. The company has already roped in law firm Shardul Amarchand Mangaldas (SAM) to look into the legal side of the complaints and asked its internal auditor, EY, to probe its revenue recognition practices.
Satyam scam: SAT quashes Sebi order of banning PwC for two years from auditing
The Securities and Appellate Tribunal (SAT) on Monday quashed an earlier order of Securities and Exchange Board of India (SEBI) to ban Price...
SAT quashes Sebi order of banning PwC for two years from auditing
SAT ruling went on to add that Sebi in fact has no jurisdiction banning any audit firm.
BPSL waived Rs 2.6k cr advances and undersold assets, reveal audits
The Enforcement Directorate (ED), which is probing alleged money-laundering by the promoters of the now-bankrupt company, has recorded findings of BDO, PricewaterhouseCoopers and Duff & Phelps in its investigation report. ET has seen the report. The National Company Law Tribunal initiated bankruptcy proceedings against BPSL on June 22, 2017.
ED slaps over Rs 229-crore FEMA show cause penalty against PwC
They said the notice was issued under the Foreign Exchange Management Act (FEMA) after completion of probe by the adjudicating authority which is the Special Director (Eastern Region) of the Enforcement Directorate. .
Reliance Home bond investors to meet Thursday
RHFL has an outstanding bond liability of about Rs 3,500 crore, with both institutional and individual ownership.
India's cybersecurity market to touch USD 3 bn by 2022: PwC-DSCI report
The transaction value of digital payments in India is estimated to grow annually at a rate of 20.2 per cent from about USD 64.8 billion in 2019 to USD 135.2 billion in 2023, the report by PwC India and Data Security Council of India said. Digital growth, rising cyber-attacks, and stringent regulatory mandates are the three main factors driving the market.
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