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Friday, July 31, 2026
TopicPWC

Topic: PWC

PwC latest Big Four firm caught in AI hallucination mess. KPMG, EY, Deloitte got there first

An investigation by AI detection platform GPTZero analysed four thought leadership reports published by PwC Middle East and found AI-generated content multiple times.

At 6.11%, India’s direct tax-to-GDP ratio in FY23 highest in 15 years, cost of collection down

Data released by Central Board of Direct Taxes shows India’s direct tax collections have been rising strongly over the past decade, as has number of those filing returns and actually paying tax.

‘57% of all frauds’ in India happen online, ‘26% of Indian organisations lost over $1 million’ to such scams

Report by Pricewaterhouse Coopers focuses on 'platform fraud', which happens via an online platform, and is the biggest source of fraud suffered by Indian companies.

Why India’s Unicorn population hit a peak & dropped off in 2022

An October report says number of unicorn start-ups fell from 105 to 84. Inflated valuations, rise in M&As & fresh IPOs next year can result in even more of them losing tag of unicorn.

40% of Indian firms lost $50k-$100k to fraud, economic crime during peak Covid, says PwC report

Silver lining is that there’s decline in fraud due to prevention measures taken up by managements, finds survey. As many as 112 Indian companies were part of global survey.

Talk Point: Is SEBI’s ban on PwC over the Satyam scandal well deserved or too little too late?

On Wednesday, SEBI banned PwC and all its audit firms from auditing any listed company in India for two years, after finding it guilty in the Satyam scam.

On Camera

Pakistan’s paradox under Asim Munir: A broker for the world, a bruised state for citizens

Pakistan is busy monetising on geopolitical disorder even as disorder consumes its own peripheries.

Despite PM Modi’s appeal to cut fertiliser use, farmers show no sign of scaling back—Parliament data

Combined sales of urea, DAP, MOP and complex fertilisers rose 25 percent in April even as Modi asked farmers to cut chemical fertiliser use by up to half to save soil and foreign exchange

Gen VN Sharma, who led Army in the turbulent late eighties, dies at 97

Hailing from an illustrious military family, he was son of Maj Gen Amar Nath Sharma. His eldest brother Maj Som Nath Sharma is the first recipient of the posthumous Param Vir Chakra.

Youth’s struggles won’t end with Dharmendra Pradhan’s resignation. Govt must decentralise education

Our education system is a destroyer of all talent by enforcing learning by rote, pushing students to coaching classes to ‘crack’ competitive exams. And then, papers leak.