Here's a look at how some businessmen plan to grab the opportunity.
According to the PwC MoneyTree India report, a quarterly study of private equity investment activity based on data by Venture Intelligence, private equity PE firms invested $2.5 billion across 97 deals in Q3 of 2012, against USD 2.4 billion from 121 deals a year ago.
At the same time, the confidence level of the CEOs is relatively better when it comes to the prospects for revenue growth in their own companies, as per the 15th Annual CEO
The litigation relates to the 2009 accounting fraud at Satyam Computer.
The survey by PricewaterhouseCoopers and Duke University's Offshoring Research Network stated that the outsourcing industry is transforming due to the emergence of new providers around the world and efforts of existing outsourcers to expand into new markets.
More than 90 per cent of the affected investors at Lehman Brothers International Europe are in support of the plan to return the assets.
The study suggested tax rebates for high-end technology companies that set up research and development centres in India.
Mumbai has jumped five positions to become the third-most preferred property investment market in Asia Pacific in 2011, according to new survey.
PricewaterhouseCoopers' Global Economic Crime Survey '09 highlighted that corporate fraud remained rampant among organisations of all sizes, in all countries and industries despite increased regulatory actions and anti-fraud controls to prevent it.
To mitigate the impact of the economic slowdown on their businesses, a majority of Indian firms have implemented significant cost reductions and are reviewing their operational effectiveness, a PwC survey says.
The former Satyam employees, who were granted bail, were its former internal chief auditor V S Prabhakar Gupta besides executives G Ramakrishna, D Venkatpathi Raju and Ch Srisailam. The fifth accused, who got the bail, is PWC's former auditor Subramani Gopalakrishnan.
Tapping opportunities in this growing industry, major players are expanding their business and raising funds through the public market or private equity route.
According to a survey by PricewaterhouseCoopers, titled, US Private Company Trendsetter Barometer, 51 per cent of US private companies with an international presence plan to do business in BRIC countries in the next one to two years.
Ramalinga Raju, his brother and Satyam's former managing director Rama Raju, ex-CFO V Srinivas, former partners of PricewaterhouseCoopers S Gopalakrishnan and T Srinivas along with Satyam Computer Services former employees G Ramakrishna, D Venkatapathi Raju and Ch Srisailam -- who are lodged at Chanchalguda Jail in Hyderabad were brought to the court, after their remand ended on Wednesday.
Despite higher allocations, core sector likely to see reduced profitability.
The form, introduced by the Central Board of Direct Taxes in April, is supposed to make filing tax returns easier.
Banking assets of emerging nations are likely to overtake that of G7 economies by the year 2050, with India likely to emerge as the third largest domestic banking market in the world in the next three decades, says PricewaterhouseCoopers.
The ICAI president said that the auditors would be interrogated mainly on accounting and auditing aspects and to check whether they followed the right methods of accounting. The Institute of Chartered Accountants of India has obtained permission from a local court to interrogate the two auditors and examine and record their statements.
PricewaterhouseCoopers India campaigns to appear responsible as it distances itself from the mess surrounding former client Satyam
The aggression shown by corporate houses till not a long ago has given way for consolidation in the backdrop of current economic downturn and the companies in the next fiscal, beginning tomorrow, would need to focus on growing their core businesses and conserving the resources, global consultancy firm PwC executive director Sanjeev Krishnan told PTI.
Besides the Raju brothers, the CBI would be quizzing Satyam's former CFO Vadlamani Srinivas and audit house Price Waterhouse's partners S Gopalakrishnan and Talluri Srinivas in connection with the Rs 7,800 crore (Rs 78-billion)accounting fraud at Satyam Computer.
India may overtake China as the largest source of new MNCs from the emerging markets, with over 2,200 domestic firms forecast to open overseas operations over the next 15 years, says a PricewaterhouseCoopers report.
However, a bench comprising Chief Justice K G Balakrishnan and Justice Deepak Verma permitted Gopalkrishnan, then working as a partner of the global accounting firm, to renew his bail application over delay by probe agency CBI in filing the third chargesheet. Following it, the court permitted Subramani Gopalkrishnan's to withdraw his bail petition.
India will join the league of top 10 global pharmaceuticals markets in terms of sales by 2020 with the total value reaching USD 50 billion by then, according to a report by PricewaterhouseCoopers.
Satyam Computer Services founder B Ramalinga Raju, ex-CEO B Rama Raju and ex-CFO Vadlamani Srinivas in window-dressing the company's accounts, according to the remand case diary filed by the Economic Offences Wing of the Andhra Pradesh Crime Investigation Department.
According to the PwC report titled -- Value Added Service: The Next Wave -- it is now time for India to evolve from the well established mobile messaging and commoditised voice play to focus on customer segmentation based data play.
While FICCI officials said that parting of ways with Price Waterhouse was not related to the Satyam episode, sources said all business chambers have become wary of associating with those getting infamy from the country's largest corporate fraud.
Outsourcing is just no more about cost savings but also companies' accessibility to right talent and geographic expansion, a latest survey on business outsourcing revealed.
Price Waterhouse, an Indian arm of the global consultancy firm PricewaterhouseCoopers, whose partners got embroiled in the Satyam accounting fraud, failed to get a reprieve from the stock market regulator, the Securities and Exchanges Board of India.
Indian drug makers may lose out on outsourcing contracts as overseas pharmaceutical companies defer their visits to the country in the wake of Mumbai terror attacks, according to industry experts.
Sources close to the development said that as of now, the court has advised the company to wait for the judgment of a similar case that is pending before Andhra Pradesh high court.
Sumit Makhija, associate director, PwC said, "We have seen that frauds are happening in three main areas asset misappropriation by employees, financial mismanagement and corruption and bribery."
Tainted chairman of Satyam Computers B Ramalinga Raju and five others were chargesheeted by the Central Bureau of Investigation (CBI) on Thursday for allegedly filing false income tax returns resulting in a loss of Rs 126.57 crore (Rs 1.26 billion) to the company and shareholders.
PwC has about 1,200 tax professionals and 55 executive directors servicing domestic and international companies.
"I told my office to take permission of the court because I want director, discipline, to begin proceedings against them (S Gopalakrishnan and Srinivas Talluri).
"Many CEOs believe the country's manufacturing sector has become increasingly competitive and the economy is shifting away from its reliance on the services sector, a path that could take advantage of the broad spectrum of the nation's labour force."
A Bench headed by Justice S H Kapadia has posted the matter for the hearing on December 9. PWC had challenged the Calcutta high court's judgement that held that the firm had failed to furnish its true and correct particulars of accounts while filing the returns.
Venture capital investments grew at a rapid pace across the US in the April-June quarter of 2011, surging by 19 per cent to $7.5 billion, says a new report.
