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.
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.
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.
International Cricket Council Chief Executive Manu Sawhney has been sent on 'leave' after his conduct came under the scanner during an internal investigation by audit firm PricewaterhouseCoopers and may resign before his term ends.
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.
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".
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.
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.
Will Amitabh Bachchan's loss be Shah Rukh Khan's gain? Our verdict on some of the biggest TV trailers on the small screen.
PricewaterhouseCoopers suggested on Friday that the new Public Company Accounting Oversight Board of US should "mutually recognise" other oversight bodies including the one proposed in India, which could be the Institute of Chartered Accountants
Mathew Hayden also overtook Sachin Tendulkar as the year's leading run scorer with 1,481 to his name.
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.
In 2020-2021, the amount of foreign direct investment into India from China and Hong Kong plummeted to just $200 million -- its lowest in the recent past. In the first half of 2021-2022, FDI investments through these two nations stood at just $36 million.
India is one of the top investment destinations in Asia for retail and consumer sector, which is expected to witness rapid growth, aided by its IT capabilities, global consultant PricewaterhouseCoopers said on Thursday.
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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.
China with a growth rate of 25 per cent and India at 18 per cent, are among the fastest growing markets fueling the boom in entertainment
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.
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