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GDP shows investment green shoots

CFO News

Key sectors like trade, hotels, transport, and communication saw growth of 9.2%, while real estate and finance rose by 12.2%. Nominal GDP grew by 8.0% compared to 27.7% in the first quarter of FY23. Agriculture and electricity sectors grew by 3.5% and 2.9%, respectively.

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B2B Payment Network PayCargo Lands $35M Investment

PYMNTS

Supply chain industry payments network PayCargo has landed an Insight Partners-led $35 million investment, according to a Tuesday (Sept. The company will harness the funds to grow international adoption of its digital payments network and speed up investments in its technology, according to the announcement. 29) announcement.

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Members’ Profile: Rowen Pillai

CFO Talks

Rowen’s career in finance and leadership has positioned him as an influential figure, serving in executive roles across various sectors, including transportation, investment, and industrial management. Collaboration and open communication are also central to how I tackle difficulties.

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Bringing Autonomous Smart Shuttles To the Masses

PYMNTS

The rise of 5G networks will also enable these devices to communicate more data across longer ranges, which is one of the reasons why investment in IoT is picking up. How Beep Is Bringing Safe, IoT-Powered Self-Driving Shuttles To Public Transportation. About the Tracker.

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Will The IoT Choose The Next World Superpower?

PYMNTS

The Federal Communications Commission (FCC) continued to auction 5G bandwidth in December of 2019, with FCC Chairman Ajit Pai stating, “Pushing more spectrum into the commercial marketplace is a key component of our 5G FAST plan to advance American leadership in the next generation of wireless connectivity.”. Smart Cities and 5G Threats.

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Uber Brings $150M To SK Telecom Mobility Platform, Joint Venture In Korea

PYMNTS

“In addition, the Unit provides other mobility services such as T Map Auto, T Map Public Transportation and T Map Parking, all of which will be continued by T Map Mobility.”. Uber is expected to invest $50 million in the operation, according to the news release.

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Identifying and Overcoming Ethical Dilemmas in Business 

CFO Talks

Conflict of Interest in Vendor Selection Example: Your sibling owns a logistics company that submits a bid for your company’s transport services. Suggest alternatives, such as renegotiating contracts with current suppliers or investing in sustainable practices that align with company values.