Sun.Dec 22, 2024

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Mastering E-Invoicing: CFO strategies to lead a seamless transition in Asia

Future CFO

Why Asia Leads the World in E-Invoicing Asia has become a global leader in e-invoicing, with early adopters like South Korea and India setting the pace, and newer entrants such as Malaysia and Thailand rapidly catching up. Countries like Vietnam, the Philippines, and Indonesia are fully committed to using e-invoicing to streamline tax processes, enhance transparency, and support economic growth.

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GST recommendations to create business-friendly environment, ensure fairness: Experts

CFO News

The 55th GST Council meeting has unveiled a series of pivotal recommendations designed to deliver targeted relief, streamline compliance processes, resolve industry ambiguities and promote trade facilitation, experts said on Sunday.

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Could the 10-year Treasury yield hit 6% in 2025?

Tips Watch

It is a possibility, says a T.Rowe Price analyst. We haven’t seen that level in 25 years. By David Enna, Tipswatch.com The chief investment officer at T.

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GST Council Raises Tax On Sale Of Used Cars By Businesses To 18%

CFO News

Gst Council: The sale and purchase of used cars by individuals continue to be exempted from GST.

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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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Founders of 28 Indian new-age startups took home Rs 284 crore as salary in FY24

CFO News

A total of 51 founders of 28 Indian new-age startup companies in the country took home Rs 283.5 crore as an annual salary in FY24.

More Trending

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RBI rate cuts may be delayed on US Fed action, rupee pressure

CFO News

The widening gap in interest rates with global markets, combined with growing FX pressures, makes a rate cut less attractive for the RBI, analysts say.

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Sebi suspends trading in Bharat Global Developers over financial misrepresentation

CFO News

India's market regulator, SEBI, suspended trading in Bharat Global Developers Ltd (BGDL) for alleged financial misrepresentation and market manipulation. An investigation revealed inflated share prices, false disclosures, and unusual trading activity. Key figures and preferential allottees are barred from market activities, and illegal profits are frozen.

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At $5 billion, startup’s exit street buzzier in 2024

CFO News

Indian startups saw over $5 billion in exits through secondary transactions, IPOs, and block deals in 2024. This trend is expected to accelerate in 2025 with a projected doubling of IPOs. Secondary deals are providing liquidity for existing investors and entry points for new investors, even in younger companies preparing for public listings.

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Google to slash 10% of managerial roles

CFO News

Google is reducing 10% of its managerial roles, including directors and vice presidents. The move aligns with CEO Sundar Pichai's vision of streamlining operations and staying competitive. Recent cost-cutting efforts have also included layoffs in core technical teams and overseas role relocations, reflecting Google's focus on maintaining its market edge in the rapidly evolving AI landscape.

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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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Banking Laws (Amendment) Bill 2024 misses key auditor appointment and rotation reforms, say experts

CFO News

Experts advocate for a more independent selection process and suggest extending the rotation period from the current 3 years (with a 6-year cooling-off period) to 5-7 years, ensuring enhanced audit quality and transparency.

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India Inc mops up record Rs 1.6 lakh crore from IPOs in 2024

CFO News

India witnessed a record Rs 1.6 lakh crore raised through 90 IPOs in 2024, driven by robust economic growth and favorable market conditions. Hyundai Motor India's IPO led the charge, raising Rs 27,870 crore. Experts predict 2025 could surpass this record, with a potential Rs 2.5 lakh crore raised from upcoming IPOs, including HDB Financial Services and LG Electronics India.

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Reliance Industries shares in focus after 45% stake acquisition in Health Alliance for $10 million

CFO News

Reliance Digital Health is set to acquire a 45% stake in Health Alliance Group. The deal is worth $10 million. This investment will help create a virtual healthcare platform. The platform will expand access to care for underserved communities. The transaction will be completed in about two weeks. Reliance Industries shares are expected to react to this news.

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Aadhar Housing Finance sets price band at Rs 300-315 per share for its IPO

CFO News

The initial share sale will be open for public subscription during May 8-10 and the bidding for anchor investors will open for a day on May 7, the company said in a statement.

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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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Good opportunity in chip fabrication in India; in talks with manufacturers for lithography machines: Canon

CFO News

Canon India, experiencing double-digit growth, is eyeing the semiconductor lithography equipment market. The company is in talks with chip manufacturers setting up facilities in India. Canon is also expanding into healthcare, flat panel displays, and studio solutions, leveraging India's economic growth and expanding into tier II and III cities.

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Income tax cuts and new tax slabs ⁠— here’s how Indian Finance Minister Nirmala Sitharaman wants to make people shop more

CFO News

India is bracing for its third budget in 12 months. Meanwhile, economic growth has been on a downward spiral as tepid income growth led to penny-wise people further cutting back on consumption from cars and bikes to even items of daily use.

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Tata Trusts tightens monitoring, shifts from quarterly to monthly reviews

CFO News

Tata Trusts has implemented stricter monthly reviews of projects to control operational costs and improve the impact of its philanthropic efforts. An internal audit revealed discrepancies, prompting enhanced monitoring and reporting. The Trusts may prioritize grants over direct implementation projects to minimize expenses and maximize funds for charitable causes.

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Vote against fresh term for Rashmi Saluja as Religare Director: Proxy advisors

CFO News

Shareholder votes will decide Rashmi Saluja's fate as chairperson of Religare Enterprises. Advisory firms oppose her reappointment. They cite legal issues and governance concerns. Religare's board supports Saluja. The company says her compensation practices followed regulations. The vote will take place at the annual general meeting on December 31.

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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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Burmans' Religare open offer to acquire additional stake gets Sebi nod

CFO News

The Burman family, promoters of Dabur, has received regulatory approvals for an open offer to acquire an additional 26% stake in Religare Enterprises. This follows approvals from Sebi, RBI, and other regulators. The offer, expected to launch in mid-January, could give the Burmans majority control of the NBFC, despite opposition from current management.

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SEBI takes strict action in front running case, bars 9 entities, seizes over Rs 21 crore

CFO News

Market regulator, the Securities and Exchange Board of India (SEBI) has taken strict action in a front-running case, banning PNB Met Life Insurance Company's equity dealer Sachin Bakul Dagli and eight other entities from the stock market.

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Railways' switch to accrual-based accounting to boost multilateral, green financing: ICAI

CFO News

Indian Railways has fully transitioned to accrual-based accounting for the 2023-24 fiscal year. This shift, supported by the ICAI, enhances transparency, facilitates access to green financing and aligns with international accounting standards. The move also marks a significant step towards achieving ESG goals, with environmental initiatives reflected in the 2022-23 financial statements.

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90% of manufacturers face production challenges amid labour shortage, study finds

CFO News

A Quickbase report reveals that 90% of manufacturers face production challenges due to labour shortages, with 41% struggling to transfer knowledge from experienced workers. While 49% plan to adopt automation, only 39% currently use it. With 1.9 million manufacturing jobs projected to go unfilled by 2034, investing in technology like predictive analytics and IoT is crucial to boost efficiency and address workforce gaps.

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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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Unique ID to be deployed to check GST evasion in select commodities

CFO News

India is introducing Unique Identification Marking (UIM) for specific goods like tobacco to combat tax evasion. Non-compliance will result in penalties. The GST Council approved this 'track & trace' mechanism, defining UIM as a secure, non-removable digital mark. This system, inspired by the WHO protocol, will track products throughout the supply chain, detailing manufacturing information and pricing.

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Feb rate cut hinges on new RBI leadership, MPC minutes show

CFO News

Then RBI governor Shaktikanta Das in his last monetary policy committee meeting said, "policy priority at this critical juncture has to be on restoring the inflation-growth balance," emphasising the need to control inflation. He added, "The fundamental requirement now is to bring down inflation and align it with the target." In conclusion, Das said, "Any other approach would be counterproductive and a case of inappropriate timing.

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Commanding high valuations due to trust world has in India: Sebi chief

CFO News

Indian capital markets are commanding high valuations as foreign investors are bullish about the country's economic growth on the back of strong domestic macroeconomic data, according to Sebi Chairperson Madhabi Puri Buch. Speaking at a CII event on corporate governance here on Tuesday, Buch said she meets foreign investors regularly as part of her mandate and has seen an increased interest among them for India, because of the velocity the country's economy has got after years of high-speed grow