Tue.Dec 31, 2024

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2024: An inflation-watcher’s year in review

Tips Watch

By David Enna, Tipswatch.com This year 2024 brought many surprises. For example: The year 2025 is bringing uncertainty.

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Taxman disposes of 240,000 grievance cases

CFO News

The Income tax department disposed of 2,40,000 grievance cases during 2024, including 1,75,000 through the E-nivaran platform.

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The role of accountancy professionals in making relevant connections

Future CFO

For the new year, the focus lens should indeed be panned to the fact that accountancy professionals make relevant connections between the environment, people, and finance, as according to the Association of Chartered Certified Accountants, they are undoubtedly champions of driving quality decision-making for sustainable value creation. The ACCA, in a report, specified some insights for better understanding in making crucial information connections.

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#FASuccess Ep 418: Developing The “Middle” Management Layer To Scale Up Team Leadership Capacity For $3B Of AUM, With Stacey McKinnon

Nerd's Eye View

Welcome everyone! Welcome to the 418th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Stacey McKinnon. Stacey is the chief operating officer of Morton Wealth, an RIA based in Calabasas, California, that oversees approximately $3 billion in assets under management for 1,300 client households. What's unique about Stacey, though, is how she has implemented a leadership training program for Morton Wealth to ensure that the firm's middle managers (many of whom were

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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India Inc CFOs' top resolutions for 2025: Growth, innovation, sustainability and work-life balance

CFO News

As India Inc steps into 2025, CFOs are preparing for a transformative year, seamlessly integrating strategic growth, innovation, sustainability, and personal well-being. Heres how these leaders are shaping the future of their organizationsand their own journeysthrough bold resolutions.

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Rupee plunges nearly 3% in 2024, from 83.24 to record low of 85.59/$

CFO News

Throughout the year, the US dollar strengthened against most major currencies. It gained 11.1% versus the Japanese yen, 3.1% against the South African rand, 27% versus the Brazilian real, 22% against the Mexican peso, 13.7% versus the Korean won, 4.5% against the Indonesian rupiah, 4.7% versus the Philippine peso, 3.27% against the Singapore dollar, and 6.7% versus the Taiwanese dollar.

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India may face challenges in achieving good scores on some parameters in WB's B-Ready report: GTRI

CFO News

The report assesses the regulatory framework and public services directed at firms, and the efficiency with which regulatory framework and public services are combined in practice.

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Gen-AI industry to have 1 million new job opportunities by 2028, contribute significantly to GDP: Report

CFO News

The Indian IT and tech ecosystem witnessed a 17 per cent surge in new employment opportunities, driven by rapid digital transformation and the concurrent rising demand for emerging tech niche job profiles.

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IBC turns lifeline for hospitals: Investors snap up distressed healthcare firms

CFO News

Despite the potential risks of lengthy litigation and financial and operational issues, assets facing bankruptcy proceedings are much cheaper in a market where hospital properties command premium valuations an enterprise value (EV) of more than 25 times the Ebitda on an average. The average valuation of listed hospitals is around 27 times.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Centre to mediate high state taxes stifling mining operations

CFO News

The Centre intends to consult with states to curb excessive taxation on mining operations, addressing concerns from the sector. This follows a Supreme Court ruling allowing states to impose additional taxes, as seen with Karnataka's new levies. The meeting will focus on high taxation, mining lease delays, and improving mining operations.

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GST cess may fall short of Rs 1.37 lakh crore for states compensation

CFO News

The GST compensation cess fund might have a 1.37 lakh crore shortfall by March 31 due to 50,000 crore interest on Covid loans. An additional 13,000 crore compensation may be required after reconciling audited accounts. The Centre is confident cess collections until March 31, 2026, will address this shortfall.

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IFC, ADB, DEC get CCI's clearance to acquire stake in Fourth Partner Energy

CFO News

CCI has approved the acquisition of certain shareholding in Fourth Partner Energy by IFC, ADB, and DEG to support its expansion in renewable energy. Additionally, CCI cleared Mars Inc's $35.9 billion acquisition of Kellanova, a leader in global snacking and frozen foods, to enhance its product offerings.

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How Indian companies say aye to AI

CFO News

As 2024 ends, ET engages top Indian corporate leaders to share insights on their use of AI tools in personal and professional spheres. Reflecting on AI's rapid growth since ChatGPT's 2022 launch, they discuss its impact on businesses and everyday life, highlighting AI's growing influence across industries.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

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India Budget: As we enter 2025, a lot is riding on Sitharaman's Feb 1 budget

CFO News

Union Budget 2025: India's economy in 2025 hinges on the Union Budget, presented by Finance Minister Nirmala Sitharaman, to address slowing growth, high inflation, and faltering private consumption. The budget aims to cut income tax, boost infrastructure spending, and maintain capital expenditure momentum, targeting economic revival.

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ILO agrees to reassess India's social protection

CFO News

The International Labour Organisation will reassess India's social protection coverage to include in-kind benefits such as free ration and state-level schemes. This could increase coverage to over 57% from the current 48.8%. The Indian labour ministry is working with the ILO and gathering necessary data for this reassessment.

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Emerging technologies to drive job growth in 2025: Report

CFO News

The Indian IT sector is set for significant growth, with emerging technologies driving a 20% increase in new jobs by 2025. Roles in AI, cybersecurity, and other tech fields are in high demand. Upskilling and the gig economy are key trends shaping the future workforce.

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Economic revival or mirage? RBI Governor Malhotra makes growth predictions for first time

CFO News

Indias economic growth is expected to revive in 2025, as noted by RBI Governor Sanjay Malhotra. Strong consumer and business confidence, higher investment, and easing inflation are anticipated to drive this growth. Public investment will also pick up pace, potentially boosting private sector investments. The financial sector remains strong and resilient.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Year Ender: NSDC aims to skill 1 lakh youth in AI, drones and cloud computing by 2025-end

CFO News

The Skill India Digital Hub (SIDH) set up by the National Skill Development Corporation (NSDC) has emerged as an integral centre for courses in AI, drone technology, data science, and cloud computing with a mission to take the number of learners up to 1 lakh by the end of 2025, said an official statement on Tuesday.

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Quick commerce companies quizzed by government over FDI, operating model

CFO News

Senior executives from Blinkit, Swiggy Instamart, Zepto, and Bigbasket met with Indian government officials. They discussed warehouse ownership, compliance with FDI norms, and the impact on kirana stores. The officials expressed concerns about delivery safety and competition for small shops. Representatives argued their services supplement demand. Quick commerce firms are growing rapidly and raising capital.