Volatility will rise in the near term as not more than 40% of an FII's assets can be invested via P-Notes
PricewaterhouseCoopers Executive Director Shyamal Mukherjee tells Business Standard that the real changes in the Budget, from the taxation point of view, will be evident in the new tax code the finance minister is developing.
In a report for the World Economic Forum in Dalian, PricewaterhouseCoopers has pointed out that many of India's successes have taken place in urban hotspots while the rural areas have lagged behind.
Audit firm PricewaterhouseCoopers, which has major companies like HCL Infosystems, GMR Group, Bosch, and Maruti Suzuki among its over 100 clients in India, faces a possible axe after its role has come into question in the Satyam fraud case, of about Rs 7,800 crore (Rs 78 billion).
According to a survey, Indian CEOs are most confident of economic growth in next year. India is followed by other BRIC nations, Brazil, Russia and China.
An early action to allow domestic banks to participate in the commodity markets would not only help in improving their competency but would also help in develop their trading and product development skills in commodity derivatives.
The telecom sector is likely to garner revenues to the tune of $35 billion by 2010 even though its profit margins have been declining, a study said.
It's not just the post graduate students (PGPs) who opt for summer placements in consultancy firms.
"The cost of economic crime in India is significant, which is also evident from some of the large frauds experienced by the country in the last two years," said PricewaterhouseCoopers Advisory Leader Ashwini Puri, adding, "Additionally, average cost to manage economic crime in India is close to double as compared to global averages."
In a tectonic shift in the global economic centre of gravity, the size of India's economy would grow to 90 per cent of the United States by 2050, with China becoming even bigger than the US, according to a PricewaterhouseCoopers report. The global advisory firm projected that Brazil seems likely to overtake Japan by 2050 to move to the fourth place, while Russia, Mexico and Indonesia all have the potential to have economies larger than those of Germany or the UK by 2050.
The Supreme Court will decide whether a non-resident company is liable to pay advance tax on fee charged by it for providing services in India.
The global consultancy firm PricewaterhouseCoopers is foraying into custom-made software and IT implementation services to tap the booming organised retail industry in India.
Human capital management is now part of all managers' performance reviews.
Despite India becoming a new destination for global investors, 38 per cent of over 5,400 companies' representatives surveyed by the global consultancy firm PricewaterhouseCoopers said they were asked to pay bribes to get licences, orders over the past two years.Among the seven major emerging economies of the world, India is ahead of Turkey, Mexico and China, where 28, 28 and 21 per cent of firms in that order reported experience with bribery.
Snapdeal is conducting due diligence on ShopClues, a move that may lead to a potential acquisition of the latter, which may bring in a fresh infusion of funds for the new entity.
Of the total, 55-60 per cent investments are made by overseas PE firms, he said, added that "for the year ahead, leading PE firms such as ChrysCapital and Henderson Equity Partners have several deals in the pipeline".
PricewaterhouseCoopers is looking at doubling its employee strength in Kolkata in the next 4 years for all its verticals that include tax advisory, regulatory and audit advisory services. At present, it has close to 1000 employees in Kolkata.
China and India are Asia's top two targets for merger and acquisitions in the financial services space.
As the talent hunt for skilled technology workers intensifies worldwide, India has emerged as the top destination for global IT companies' hiring spree, a study by PricewaterhouseCoopers reveals.
India spends only 20.7 per cent of its total health expenditure on public health services, far less than Bangladesh, China and Pakistan, which contribute 25 per cent, 34.9 per cent and 45 per cent respectively, a study revealed.
Will Amitabh Bachchan's loss be Shah Rukh Khan's gain? Our verdict on some of the biggest TV trailers on the small screen.
However, with the country forecast to become the fifth largest consumer in the next 20 years, analysts are positive that the percentage of deals in the country will increase substantially.
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India, the world's second-fastest growing economy and a global outsourcing hub, has seen private equity funding more than double in 2006 as cash-rich investors from US and Europe eye a major chunk of the booming market.
The exchange has written to MCX for greater details on the special audit. BSE has sought the names of related parties, which have been withheld by MCX.
Whether or not such an overhaul will be carried out depends on the government's comfort level.
The total tax burden on Indian companies is one of the highest in the world and in fact more than that of businesses in major economies like the US, UK, China and Japan.
