Clik here to view.
The type of diversity boardrooms prize most is age—and they can’t even manage...
Companies know by now that diversity in the boardroom leads to better decision making, and a business that’s more in touch with all of its potential customers. As a result, companies are charging...
View ArticleClik here to view.
India added more energy capacity from renewables than coal last year
For the first time ever, India has added more production capacity from renewable energy in a year than from conventional sources like coal. Between April 2017 and March 2018, the country added around...
View ArticleClik here to view.
India’s largest renewable power company is set to go public
The first initial public offering (IPO) in India from the booming renewable energy sector is here. ReNew Power, India’s largest renewable energy producer, is looking to raise Rs2,600 crore ($390...
View ArticleClik here to view.
What Indian banks still don’t understand about fraud
Since February, Indian banks have unearthed frauds worth over $2 billion on their books. This, coupled with a staggering pile of toxic loans, has choked the country’s banking sector. While banks are...
View ArticleClik here to view.
The harrowing reality of getting and working on an H-1B in Trump’s America
For almost five weeks last year, Shikha Gupta*, an Indian working with a large consulting firm in New York, was unemployed and without pay, because of the Donald Trump administration’s changes to the...
View ArticleClik here to view.
There’s only one untainted “Big Four” accounting firm left to audit...
Malaysia’s new finance minister today appointed the accounting firm PwC to audit the finances of 1MDB, a scandal-hit state wealth fund—but he never really had much choice. It’s the only remaining “Big...
View ArticleClik here to view.
To narrow its gender pay gap, PwC is banning all-male candidate slates in the UK
UK companies with more than 250 employees are now required to disclose any pay difference between male and female employees, part of a new government initiative based on the hope that revealing...
View ArticleClik here to view.
In five years, VR could be as big in the US as Netflix
You probably don’t watch videos or play games in virtual reality now, but that could change very soon. By 2022, there will be over 55 million active VR headsets in the US, PwC projected in its annual...
View ArticleClik here to view.
India’s newest unicorn is disrupting a 200-year-old industry
How do you build a billion-dollar company selling insurance policies in a country like India? A 10-year-old Gurugram-based online insurance aggregator cracked the code, and has joined the growing list...
View ArticleClik here to view.
New US data suggests Indian firms are backing away from the H-1B visa
The Donald Trump administration seems to have finally succeeded in dissuading Indian companies from relying too heavily on H-1B visas. Only one Indian company, the IT services firm Tata Consultancy...
View ArticleClik here to view.
Why India’s once-sizzling solar sector has cooled down
Poor policies are hurting India’s solar energy sector. In 2018 so far, there has been a dramatic decline in new capacity additions, and the trend is likely to continue. In the third quarter of 2018,...
View ArticleClik here to view.
Estimates of job loss due to automation miss one big factor
Predicting the scale of AI-induced job losses has become a cottage industry for economists and consulting firms the world over. Depending on which model one uses, estimates range from terrifying to...
View ArticleClik here to view.
Perennials, not millennials, will trigger the next wave of talent retention...
Thousands of older customers of the US pharmacy chain CVS spend the colder months of the year in warmer climes, migrating from homes in, say, Minnesota to winter pads in sunny Arizona or Florida. In...
View ArticleClik here to view.
More CEOs in every region of the world say global economic growth will slow...
If we learned anything from last year’s meeting of the World Economic Forum (WEF), it’s that countries around the world were experiencing synchronous growth, meaning CEOs across regions were even more...
View ArticleClik here to view.
Has India’s new FDI policy changed e-commerce the way we knew it?
Just four days since India’s new foreign direct investment (FDI) policy for e-commerce came into effect, there have been some massive changes in the way online retailers operate in the country. Among...
View ArticleClik here to view.
Despite the many policy pricks, Walmart can’t just walk away from Flipkart
It hasn’t even been a year since the world’s largest e-commerce acquisition was announced. And naysayers are already predicting a doom. On Feb. 05, American investment bank Morgan Stanley reportedly...
View ArticleClik here to view.
Why India’s latest push for solar panel manufacturing may not be strong enough
The Indian government is staunchly pursuing its plan to help domestic manufacturers challenge the dominance of Chinese solar cells and panels in the country. On Jan. 30, the Solar Energy Corporation of...
View ArticleClik here to view.
India redefines “startups” to provide young companies relief from angel tax
The Narendra Modi government has finally delivered on its promise to Indian startups. The commerce ministry yesterday (Feb. 19) notified several measures to simplify the process of exempting startups...
View ArticleClik here to view.
If the world followed Swedish women’s lead, we could add $6 trillion to the...
A new report from PricewaterhouseCoopers says that if the world’s biggest economies bench-marked their workforces to Sweden, which has a 69% female employment rate, the total global GDP gain could be...
View ArticleClik here to view.
The chief digital officer role is already heading toward extinction
As e-commerce eats up a growing share of retail, streaming takes over entertainment, and social media exerts its hold on pretty much everything, the chief digital officer once seemed a critical...
View ArticleClik here to view.
Meet the new Quartz Pros: Nicole Eagan, Michelle Kennedy, Matthew Lieberman,...
Quartz recently launched an app for smart, constructive discussion about the news. We’re working to build that community and regularly adding new features based on how people are using it. The app...
View ArticleClik here to view.
Fashion has shockingly few female CEOs
Something is off in the fashion business. Say a woman and a man who graduate school with comparable educations, grade point averages, and internships enter the fashion industry at the same time. As...
View ArticleClik here to view.
The 25 highest-paying internships in America, according to Glassdoor
Gone are the days of fetching coffee and running errands, at least for some internships. The highest-paid interns in America earn more than double the wage rate of the average US worker, according to...
View ArticleClik here to view.
Streetwear is what happens to fashion when consumers start dictating the terms
Streetwear may have become one of the most disruptive forces in fashion in recent years, but it would be easy to write off as a fleeting trend. It boils down, the thinking goes, to sneakers and...
View ArticleClik here to view.
The UK government has spent more than $120 million on consultants for Brexit...
The UK has had a volatile, confusing time since voting to depart the European Union in 2016. According to some estimates, the economy is 3% smaller than it would have been if the vote went the other...
View ArticleClik here to view.
These three segments have set online entertainment on fire in India
India’s internet economy is booming courtesy video, esports, and music. The country’s over-the-top (OTT) market is slated to nearly triple in size between now and 2023, growing at a 21.8% compound...
View ArticleClik here to view.
US secretary of state Mike Pompeo is visiting India—with tonnes of oil and...
Secretary of state Mike Pompeo’s visit to New Delhi from June 25-27 will have a special focus on US fossil fuel exports to India. Indian imports of US crude oil rose three-fold month-on-month in March,...
View ArticleClik here to view.
Indians can worry less as the US denies capping H-1B visa quota
Dear Indian H-1B aspirants, you can breathe easy. Earlier this month, reports had suggested that the US was looking to curb the number of H-1B visa recipients from India as a tit-for-tat response for...
View ArticleClik here to view.
Renewable energy firms are knocking on all doors to rein in one of India’s...
The tussle between renewable energy developers and the southern Indian state of Andhra Pradesh is intensifying. Therein hangs the future of 5.2 gigawatts of solar and wind farms, built based on their...
View ArticleClik here to view.
After a Chinese flag was thrown into the sea, Hong Kong celebrities flex...
As the protests in Hong Kong have raged over the past nine weeks, China’s propaganda machine has been in turbo drive, portraying those taking part as traitorous rioters trying to destabilize the...
View ArticleClik here to view.
Failed Northern Rock is still making money for former auditor PwC
In 2011, Britain’s House of Lords accused accounting firm PwC of “disturbing” complacency (pdf) in failing to flag elements of Northern Rock’s “dangerously risky business model” when it was the bank’s...
View ArticleClik here to view.
Big Four accounting firms bungle a third of US audits but are rarely fined
The Big Four accounting firms bungled 31% of the most recent US audits analyzed by their quasi-governmental watchdog, the Public Company Accounting Oversight Board (PCAOB). Yet despite the abysmal...
View ArticleClik here to view.
What my 10-year-old taught me about industry innovation
When I invited my 10-year-old son and my 11-year-old godson to come to work and hang out at a problem-solving workshop with me for the day, I expected it to be an average bring-your-kids-to-work day....
View ArticleClik here to view.
Some Big Four partners get decade-high UK pay despite falling audit standards
The British arms of the Big Four accountancy companies are facing considerable scrutiny amid declines in audit standards and calls by a Parliamentary committee to break the firms up. Their executives,...
View ArticleClik here to view.
Thomas the Tank Engine was allegedly the engine for an accounting cover-up
Beloved children’s TV show Thomas & Friends was at the center of a cover-up by toy company Mattel and its auditor PwC last year, according to a former Mattel executive. In early 2018, Mattel...
View ArticleClik here to view.
India wants online retailers to take responsibility for fake reviews and...
After clamping down on deep discounting on Indian e-commerce websites, the Indian government now wants to protect consumers from other malpractices that are frequent on these portals: Counterfeit...
View ArticleClik here to view.
The 6 major signs that a company’s culture is in trouble
Once a corporate culture turns toxic, it can diminish employee morale, hinder productivity, and alienate customers. This is not new. But how does a company culture arrive at this point? And are there...
View ArticleClik here to view.
What to ask from your employer if you want to keep your skills relevant
Upskilling. Training. Continual learning. No matter what you call it, chances are you’re thinking about it: the need to learn new skills so you can keep up as work changes. With a third of employees...
View ArticleClik here to view.
India’s podcast buzz is now getting loud and clear
At the heels of India’s online video-streaming boom, another phenomenon is gathering steam: podcasts. A portmanteau of iPod and broadcast, this small yet significantly growing segment of online...
View ArticleClik here to view.
A toolkit for understanding the biggest issues in accounting
Accounting and auditing can be arcane, hard-to-understand fields, where there are specialties within specialties and even the simplest of developments can require intricate explanations. The…
View ArticleClik here to view.
How Western advisers helped an autocrat’s daughter amass and shield a fortune
This story was co-published with the International Consortium of Investigative Journalists. Pausing at the entrance of a star-studded bash at the Cannes Film Festival, 1990s-icon Sharon Stone flashed...
View ArticleClik here to view.
How to balance the productivity and wellness of remote teams
While numerous studies have dispelled the myth that employees are less productive when they work from home, the pandemic has undoubtedly affected many people’s ability to focus.In PwC’s latest survey...
View ArticleClik here to view.
How the pandemic is rippling through the UK’s job market, in five charts
The UK government has tried to cushion the economy from a deep recession, with extra assistance for companies and the unemployed. But a look just below the surface shows that the pain from the...
View ArticleClik here to view.
European workers are fleeing the UK economy during the pandemic
The pandemic has made Britain’s economy even more British, as workers born in the EU walk away.Around a quarter million people from the EU have left the UK economy since the start of the year,...
View ArticleClik here to view.
Amazon’s fintech push is a play to dig further into India
Having established itself as one of the leading e-commerce players in India, Amazon is now casting a wider net in the country.The Seattle-based company has been gradually expanding its fintech offering...
View ArticleClik here to view.
How consulting is casting itself as essential during Covid-19
Advising a company on its corporate strategy over video chat is harder than it looks—as Alex Jung can attest.Jung, a consultant with Ernst & Young who specializes in life-sciences companies, was...
View ArticleClik here to view.
Will 2020 mark the end of Black Friday?
Even as the Black Friday shopping phenomenon has spread around the world, vexing retailers with its proliferating promotions, the day itself has been losing significance for years. The holiday...
View ArticleClik here to view.
How AI can help create more caring company cultures
As organizations begin strategizing how to bring employees back to the office, employers need to not only greet employees at the door with kindness and compassion, but build compassion into the heart...
View ArticleClik here to view.
Watch: PwC’s US Chairman Tim Ryan on better investments in employee L&D
PwC’s US Chairman and Senior Partner Tim Ryan knows all about staying competitive. Overseeing 284K employees and counseling clients in the US and abroad for 25 years, he’s witnessed plenty of change,...
View ArticleClik here to view.
Watch: PWC’s Shannon Schuyler on how to evolve good managers into even better...
As the concept of work evolves, so must our definitions and ideas of positions within the workplace, including the leaders at near the apex of the org chart. Those C-suiters and the leaders that...
View Article
