CFO News
SEPTEMBER 29, 2024
GSTN has restored July and August 2017 GST returns data on the Common Portal, addressing taxpayer concerns. Experts advocate for collaboration among GSTN, the GST Council, and CBIC to ensure that advisories align with evolving GST regulations.
CFO Thought Leader
SEPTEMBER 29, 2024
In the mid-2000s, the world’s attention increasingly began to focus on Asia, attracted not just by the region’s rapid economic growth but also by the 2008 Beijing Olympics. It was within this atmosphere of excitement and potential that Joey Wong made a very pivotal career decision. Having grown up in Los Angeles after her family had emigrated from Hong Kong, Wong had always been drawn to math and science, a passion that eventually led her to MIT, where she studied economics and business.
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CFO News
SEPTEMBER 29, 2024
Bhowmick, who joined the company in 2018, steps down after more than six years of service. He resigned to pursue career opportunities that better align with his long-term professional goals.
Barry Ritholtz
SEPTEMBER 29, 2024
My Sunday morning look at incompetency, corruption and policy failures: • Messing Up the Closest Thing to a Sure Thing in the Stock Market : Index funds are a great way to match the performance of the market. So why do so many investors end up falling short? ( Wall Street Journal ) • Behind the Catholic Right’s Celebrity-Conversion Industrial Complex : From Russell Brand to JD Vance to Candace Owens, what happens when the Catholic Church chases influencers—and their legions of followers—down th
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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be
CFO News
SEPTEMBER 29, 2024
Pipara succeeds Prateek Dalal, who joined Unacademy as CFO in January 2024, after previously handling finance at CRED.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO News
SEPTEMBER 29, 2024
The Indian government is considering a foreign investment regulatory mechanism for post-investment review and monitoring. This oversight aims to ensure that FDI benefits the economy and comes from legitimate sources. India has attracted significant FDI due to its large market, stable policies, and skilled workforce.
CFO News
SEPTEMBER 29, 2024
The Securities and Exchange Board of India (Sebi) is set to hold a crucial board meeting on Monday, following allegations of conflict of interest against chairperson Madhabi Puri Buch. The board may discuss these accusations and issues related to a withdrawn press release on employee matters, although they are not on the official agenda.
CFO News
SEPTEMBER 29, 2024
The Burman family, major shareholders of Religare Enterprises, has requested the removal of Rashmi Saluja from Care Health Insurance's board. They cite actions by investigative and regulatory agencies against her. The reappointment decision will be discussed at Care Health’s upcoming AGM. Saluja faces allegations including criminal conspiracy and insider trading violations.
CFO News
SEPTEMBER 29, 2024
Marking a decade of Make in India initiative, Commerce Minister Piyush Goyal has urged the Indian industry to focus on prioritising the production of high-quality goods to promote Brand India through sustainable practices.
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Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.
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CFO News
SEPTEMBER 29, 2024
HDB Financial Services is preparing to file for an IPO after receiving approval from parent HDFC Bank's board. The Rs 2,500 crore offering includes a fresh issue and an offer for sale. The RBI mandates NBFCs categorised as "upper layer" to list within three years to meet regulatory requirements and enhance transparency. The IPO follows the listing of Bajaj Housing Finance amid rising demand for high-quality businesses in the market.
CFO News
SEPTEMBER 29, 2024
As per the Internet Society, India ranks number 2 in Asia on the IXP count metric. But it lags in penetration terms compared to Finland, Singapore, Australia and the UK. For instance, Finland and Singapore have 12.5 and 22 IXPs per 10 million people, respectively, whereas India has only 0.23 IXPs per 10 million people, according to Extreme Infocom.
CFO News
SEPTEMBER 29, 2024
Banks in Mumbai are facing challenges with identifying ultimate beneficial owners (UBOs) of foreign investments due to varying disclosure rules across countries. This issue has been discussed among senior bankers, who believe India's anti-money laundering laws should adapt to different international standards to ensure compliance and transparency.
CFO News
SEPTEMBER 29, 2024
Officials and industry executives told ET that so far, none of the products have got the security certification. Therefore, unless the issue is resolved, new units of Wi-Fi CPEs and routers needed for broadband expansion won't be available in the Indian market from next month.
Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius
4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor
CFO News
SEPTEMBER 29, 2024
Income tax audit last date: The tax audit deadline has been extended by CBDT. "Decided to extend the specified date for filing of various reports of audit for the Previous Year 2023-24, which was 30th September, 2024 in the case of assessees referred in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, to 07th October 2024," said CBDT.
CFO News
SEPTEMBER 29, 2024
Creditors of Lavasa Corp, India's first private hill town project, have set new eligibility criteria for prospective bidders after a failed attempt earlier this year. They require a ₹100 crore net worth and a ₹25 lakh refundable deposit. Lenders are also considering appointing a new resolution professional and process advisor.
CFO News
SEPTEMBER 29, 2024
The govt will invite suggestions from the private sector and tax experts on the Income Tax Act, 1961, starting October. This initiative aims to simplify the direct tax law by reducing outdated clauses and mitigating litigation. The amended Act is expected to be presented in the Budget session of Parliament in early 2025.
CFO News
SEPTEMBER 29, 2024
Wakefit cofounder Chaitanya Ramalingegowda attributed the increase in revenue to the company’s focus on strengthening its omnichannel presence, with some stores reaching maturity and a new wave of outlets opening, along with the benefits of an automated mattress factory.
Speaker: Chandra McCormack, CPA, MBA, NACD.DC
Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.
CFO News
SEPTEMBER 29, 2024
Bengaluru saw slower growth than the rest of the country, with the total number of GCC units across the country increasing 62.5% to 2,975 from 1,830 during the five-year period. According to Sangeeta Gupta, chief strategy officer, Nasscom, Bengaluru already houses the largest number of GCCs, which have also matured, and many of these companies could have opened their second or third centers in smaller cities.
CFO News
SEPTEMBER 29, 2024
Income Tax Audit: The tax audit report submission deadline for specified taxpayers is September 30, 2024 for FY 2023-24 (AY 2024-25). If you miss this deadline you need to pay Rs 1.5 lakh penalty or 0.5% of total sales, whichever is lower. This can cause a significant loss, hence upload the tax audit report by September 30, 2024.
CFO News
SEPTEMBER 29, 2024
The stiff resistance from local incumbents and their aggressive positioning across ministries dealing with automobiles-related issues - from heavy industries to road transport and commerce and industry - is also expected to result in a dilution of benefits for electric vehicles that were proposed under the free trade agreement with the UK, sources privy to the discussions told TOI.
CFO News
SEPTEMBER 29, 2024
Industry analysts predict that this move by Accenture will encourage other companies to expand their offshore presence as well.
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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.
CFO News
SEPTEMBER 29, 2024
According to him, the industries that are more capital-intensive are growing faster, but labour-intensive industries are not growing.
CFO News
SEPTEMBER 29, 2024
Global easing has lowered 10-year govt bond yi elds to a two-and-a-half-year low, but RBI is focusing on food prices.
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