Fri.Nov 29, 2024

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The Future of Finance and Sustainability with Elizabeth Burns

CFO Talks

The Future of Finance and Sustainability with Elizabeth Burns The evolving demands of sustainability and financial performance are reshaping the role of CFOs in the energy sector. Elizabeth Burns, CFO of Gas du Cameroon (GDC), exemplifies this balance, demonstrating how strategic financial leadership can support environmental responsibility. Her work at GDC highlights the potential for finance leaders to drive impactful sustainability initiatives while ensuring organizational growth and resilien

Finance 98
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Weekend Reading For Financial Planners (November 30–December 1)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent study from Cerulli Associates shows that consumer trust in financial services companies has increased significantly over the past decade, with firms that provide a more personalized approach to providing financial advice seeing the best results.

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Trending Sources

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Members’ Profile: Rofhiwa Irene Singo

CFO Talks

Members’ Profile: Rofhiwa Irene Singo In this edition of our CFO Spotlight series, we are featuring Rofhiwa Irene Singo, an accomplished finance leader whose journey is a testament to resilience, adaptability, and impactful leadership. Currently serving as the Chief Financial Officer for South Africa’s Department of Justice and Constitutional Development, Rofhiwa brings over two decades of diverse experience spanning public and private sectors.

CFO 95
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Belfius: Setting the standard for service excellence for public-sector, business and corporate clients in Belgium

Global Finance

Global Finance: Can you discuss your leading role in providing cash management services for public entities? Claudia Kabbe: What sets Belfius apart in the Belgian market are our dedicated relationship managers who provide specialized solutions, such as cash advances. These are collection accounts specifically developed to collect various public taxes: The amount of the advance available is determined based on expected receipts, and enriched reporting data enables automatic reconciliation in publ

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Need to simplify GST and reduce cess: Ex CEA Subramanian

CFO News

India's GST regime is highly complex with over 50 different cess rates, possibly reaching 100, highlighting the need for reform. Former Chief Economic Adviser Arvind Subramanian emphasizes the need for simplification and rate rationalization, while addressing issues of excessive tax demands and tax terrorism under the current system.

More Trending

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Indian startups raise $9.2 bn VC funding during Jan-Oct: Report

CFO News

About 984 venture capital (VC) funding deals were announced in India during January-October 2024, and the total disclosed funding value of these jumped by 44.4 per cent YoY to $9.2 billion during the same period, according to a report on Friday.

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VW India unit faces $1.4 billion tax evasion notice

CFO News

India has accused Volkswagen of evading $1.4 billion in taxes by misclassifying imports. The notice claims Volkswagen paid lower import taxes on car parts than required. The company should have paid $2.35 billion since 2012 but only paid $981 million. Volkswagen is currently examining the notice and cooperating with authorities.

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India's GDP expected to fall below 6.5 pc in FY25 amid slowdown in GDP growth in second quarter: SBI

CFO News

India's GDP is likely to drop below 6.5 per cent in FY25, with Q2 growth slowing to 5.4 per cent. The manufacturing sector faced significant declines, impacting overall economic performance. Despite resilience in services and agriculture sectors, industrial sluggishness pulled down growth. GVA growth stood at 5.6 per cent, marking challenges ahead for the economy.

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India's path to global leadership in accounting standards: balancing global norms with local needs

CFO News

India stands poised to reshape its accounting standards, integrating global best practices with its unique needs. Sunil Kanoria, Co-Founder of Srei Group and former President of Assocham, explores this pivotal transformation.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Godrej Enterprises Group to intensify focus on exports to strengthen its global presence

CFO News

Godrej Enterprises Group plans to enhance exports to strengthen its global presence. They will also expand in new markets like automotive, warehousing, security, and aerospace. The group aims for a 20-25% growth in exports till FY27. Domestically, they will continue growing their consumer-facing and industrial businesses within India.

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Office rentals rising steadily in top 10 Indian cities, Pune leads: Report

CFO News

Office rentals have shown a consistent increase in India's 10 top cities with Pune emerging as the leader with a compound annual growth rate of 6.9 per cent over the last 12 years, according to a commercial property rental index launched by the Indian Institute of Management-Bangalore (IIM-Bangalore) in collaboration with CRE Matrix.

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Volvo Group Partners with Indian Universities to Shape Future Automotive Talent

CFO News

Bangalore (Karnataka) [India], Volvo signs MoU with Amrita University and Thapar Institute to build a stronger industry-academia engagement and enhance the engineering industry readiness.

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RBI to keep repo rate unchanged at meeting next week, chances of rate cut in Feb increased: Report

CFO News

The Reserve Bank of India (RBI) is expected to maintain its policy rate during its upcoming meeting next week, as GDP growth slowed significantly in the second quarter of FY25. However, the likelihood of a rate cut in February has increased, according to a report by HDFC Bank.

Banking 40
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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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IT hiring expected to grow by 10-12% in next 6 months: Report

CFO News

​Emerging technologies such as GenAI, Deep Tech, and Quantum Computing are set to create over a million jobs by 2030, the report by business services provider Quess Corp said. The report revealed that demand for talent across Global Capability Centres (GCCs) and cybersecurity during the Sept quarter sequentially surged across the country by 71% and 58%, respectively.

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Don't need to raise capital for our plans: Adani CFO

CFO News

Adani Group's CFO Jugeshinder Singh asserts that the group does not require external capital for its growth plans despite recent US charges. Highlighting the group's strong cash reserves, Singh also mentioned Adani Green Energy's withdrawn bond offering and the upcoming private placement of shares to raise $500 million.

CFO 40
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Paisabazaar receives Income tax notice over vendor payment

CFO News

The income tax department has sent notices to Paisabazaar, a subsidiary of PB Fintech, under the Prohibition of Benami Property Transactions Act, 1988, and section 142(1) of the Income Tax Act, 1961. This is part of a broader investigation into tax evasion by insurance companies and intermediaries, with an estimated evasion of Rs 30,000 crore.

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India Inc saw CEO & MD salary increase by CAGR of 3% since FY20

CFO News

According to ETHRWorld's analysis of companies’ annual reports, the overall remuneration paid to CEO and MD stood at Rs 272.79 crore in FY20, which increased by almost Rs 42 crore to Rs 314.56 crore in FY24.

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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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Reliance's US unit buys $12 mln stake in helium explorer Wavetech Helium

CFO News

The billionaire Mukesh Ambani-run group, which operates the world's biggest oil refining complex at Jamnagar in the western Indian state of Gujarat, announced in 2021 investments worth $10 billion to develop its green energy portfolio and achieve its 2035 net zero carbon goal.

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Sebi penalises Reliance Securities for breach of norms

CFO News

Sebi imposed a fine of Rs 9 lakh on Reliance Securities due to multiple violations of market norms and stock brokers rules. The inspection found issues like inadequate systems for recording client orders, discrepancies in terminal locations, and lack of segregation at shared offices.

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Nine Adani Group stocks settle higher; Adani Green soars almost 22 pc, Adani Energy up nearly 16 pc

CFO News

However, shares of Adani Power declined 1.01 per cent and Sanghi Industries dipped 0.45 per cent.

40
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'I would know': Adani Group CFO says no bribery carried out by group executives

CFO News

Adani Group's CFO refuted U.S. allegations of a $265 million bribery scheme involving Chairman Gautam Adani and other executives. The CFO firmly stated that the claims are baseless and that nothing of that sort happened. The group plans to take legal steps. Adani shares have taken a hit, and various consequences are unfolding following the allegations.

CFO 40
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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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India’s GDP growth slows to 5.4% in Q2, lowest in 7 quarters

CFO News

India’s GDP growth slowed to 5.4% in Q2 of FY 2024-25, marking a sharp decline from last year’s 8.1%, as challenges in manufacturing and mining tempered growth despite strength in services and agriculture.

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India's core sectors grow 2% in September

CFO News

In September 2024, India's eight core sectors' output growth increased by 2%, with significant positive growth in Cement, Refinery Products, Coal, Fertilizers, and Steel. However, the crude oil sector experienced a 3.9% decline. The data, presented by the Ministry of Commerce and Industry, highlights variations in the performance of these essential industries.

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India cenbank devolves 70% of new green bonds, cutoff below 10-year note

CFO News

INDIA-CENBANK-GREEN-India cenbank devolves 70% of new green bonds, cutoff below 10-year note

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India's April-Oct fiscal deficit at 46.5% of 2024/25 target

CFO News

INDIA-ECONOMY/DEFICIT (URGENT) India's April-Oct fiscal deficit at 46.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.