Sun.Jan 19, 2025

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Female Leadership in Finance: Ong Hui Giap from Coface

Future CFO

Editors note: Don't act to prove yourself to others, said Ong Hui Giap, Chief Financial Officer (South East Asia & India Region), Coface. In todays Female Leadership in Finance interview, Ong shares with us her advice for aspiring female finance professionals, the challenges facing her as a finance leader, and how hiking inspires her life and career.

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For me, this week’s 10-year TIPS auction is a ‘must buy’

Tips Watch

Others may want to wait and watch for higher real yields. By David Enna, Tipswatch.com I picked up the December issue of Kiplinger Personal Finance from my nightstand last week and began paging through. And chuckling. Why?

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How Can AI Help Financial Planning?

The Finance Weekly

Artificial intelligence (AI) is changing financial planning and how industries operate. According to NVIDIA, 91% of financial companies are already using or testing AI. AI automates tasks such as data entry and modeling, enabling finance teams to focus on analysis and strategy. This helps businesses allocate resources efficiently and plan for long-term growth.

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Infosys, HCLTech report hiring growth in Q3; TCS, Wipro see decline

CFO News

Are Indias top IT firms navigating a hiring slowdown or gearing up for growth? While Q3FY25 saw mixed trends, key players like TCS, Infosys, and Wipro reveal cautious optimism for the future.

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: Shein: Inside the Chinese factories fuelling the company’s success : We found that the beating heart of this empire is a workforce sitting behind sewing machines for around 75 hours a week in contravention of Chinese labour laws. These hours are not unusual in Guangzhou, an industrial hub for rural workers in search of a higher income; or in China, which has long been the world’s unrivalled fact

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Adani Group appoints two top US law firms to fight SEC charges

CFO News

US law firms Kirkland & Ellis and Quinn Emanuel are representing the Adani Group against SEC and Eastern District of New York allegations involving $250 million bribes linked to securing solar energy contracts. Although AGEL founder Gautam Adani and two others stated they are not charged with US FCPA violations, the complex case continues in US court.

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NCLT orders liquidation of Go First Airways

CFO News

NCLT has ordered the liquidation of Go First Airways following a request from the Committee of Creditors, with judicial and technical members presiding over the decision. Despite lessors' legal challenges and a clarified exemption from the Ministry of Corporate Affairs, the fleet's deregistration and liquidation were finalized by 2024.

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Tata Tele, MTNL shares zoom 12% as government weighs AGR dues waiver

CFO News

Shares of Tata Teleservices and MTNL surged up to 12% amid reports that the government may announce partial AGR dues relief in the February 1 Budget. The proposal could waive 50% of interest and 100% of penalties, offering financial relief of over Rs 1 lakh crore to telecom companies.

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Veritas Finance files draft papers with Sebi to mobilise Rs 2,800-cr via IPO

CFO News

Veritas Finance Ltd has filed for an IPO to raise Rs 2,800 crore, including a Rs 600 crore fresh issue and a Rs 2,200 crore Offer-for-Sale by existing shareholders. The funds will enhance their capital base and support future business expansion. The IPO may include a pre-IPO placement to raise up to Rs 120 crore.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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Walmart announces pilots with Indian Startups to help enhance supply chain resilience

CFO News

The pilot programs will test solutions that augment the availability of better and more fresh products for Walmarts consumers in the U.S. and around the world, reduce product waste, and create sustainable alternatives for intermediate products used in manufacturing processes such as synthetic textile dyes to reduce environmental impact.

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Finance minister Nirmala Sitharaman set to introduce bill for new direct tax law in the budget session

CFO News

Sitharaman, who announced the move in the July Budget, is expected to mention the legislation in her speech on Feb 1, although it is yet to be decided if the bill will be tabled in the first half or the second half of the session.

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Forex intervention gains outweigh costs: RBI study

CFO News

RBI's recent bulletin emphasizes the importance of foreign exchange interventions for emerging markets like India. These actions help stabilize capital flow volatility, with RBI moderating currency swings through both purchases and sales. This strategy aims to manage volatility and prevent financial risks, as highlighted by Michael Patra and co-authors.

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How the Budget can make India's 63 million small businesses contribute to a higher GDP growth

CFO News

The MSME sector has the potential to contribute 40% to GDP by 2030 with the right investments and reforms. Factoring in this key segment in Budget 2025 policy measures will be the need of the hour.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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Gobind Jain resigns as IndusInd Bank CFO, deputy CEO to take charge

CFO News

IndusInd Bank's CFO Gobind Jain resigned to pursue other professional opportunities, effective January 20, with Arun Khurana, the current executive director and deputy CEO, set to assume additional responsibilities as CFO from January 21. The bank also faces a Rs 7.08 crore penalty for GST issues and plans to appeal the decision.

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I don't think 90 hours is possible: BharatPe CEO as he says work quality matters

CFO News

BharatPe CEO Nalin Negi stresses quality of work over 90-hour workweek, emphasizing a comfortable and enabling workplace. While discussing work-life balance, he notes BharatPe's employee-friendly approach. The debate is sparked by L&T Chairman's suggestion and public figures voice concerns on extreme work hours with some supporting hustle culture.

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Bending the hiring law: Legal firms tap diverse talent as industry evolves

CFO News

India's law firms are increasingly hiring experts from diverse, non-legal backgrounds to address the complexities of modern business and regulatory environments. With rising legal expenses and a focus on areas such as technology, ESG compliance and cybercrime, multidisciplinary expertise is becoming essential.

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Burmans' Religare open offer to acquire additional 26% stake to start on Jan 27

CFO News

Burman family's open offer to acquire 26% additional stake in Religare Enterprises Ltd begins on January 27. The offer targets 9 crore shares, closing on February 7. Burmans currently hold a 25.12% stake. Announced in September 2023, the Rs 2,116-crore bid faced opposition from REL independent directors citing fraud allegations.

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Budget 2025: India looks to bring more women into workforce

CFO News

India plans to introduce incentives and measures to boost female labour force participation, potentially outlined in the February 1 budget by FM Nirmala Sitharaman. Measures include flexible work arrangements and better infrastructure support. A task force will submit its report to guide this initiative, aiming for gender parity in the workforce and enhanced GDP contribution.

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Budget should focus on capex, infra spending, says RBI MPC member

CFO News

The eminent economist noted that sustaining infrastructure expenditure and building it further would be very helpful for creating a much more robust trajectory of economic growth for India.

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RBI sold $20bn forex in Nov, 'room to sell $138bn more'

CFO News

Even as market participants try to gauge the level at which RBI would decide to hold back from depleting its reserves and look at other strategies, foreign brokerage Nomura sees headroom for another $138-billion worth sales.

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Pepsi, Tatas look to spice up snacks market

CFO News

PepsiCo and Tata Consumer Products have teamed up to develop and sell packaged snacks, integrating PepsiCo's Kurkure brand with Tata's Ching's Secret. This collaboration aims to compete in the fiercely growing Indian snacks market, which is projected to reach 95,521.8 crore by 2032.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Budget 2025: Textiles allocation for FY26 may rise 15% to Rs 5,080 crore

CFO News

The textiles ministry in New Delhi is expected to receive a 15% increase in allocation for FY26, reaching around 5,080 crore, with a significant rise in budgetary funds for the Production Linked Incentive (PLI) scheme. The government aims to expand domestic manufacturing and generate significant growth in textiles exports by 2047.

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Hindenburg’s Nate Anderson faces scrutiny over alleged links with hedge funds

CFO News

Nate Anderson, head of the now-closed Hindenburg Research, faces scrutiny for alleged ties with hedge funds in preparing bearish reports, raising possible securities fraud concerns. Court filings suggest collaboration with Anson hedge fund influenced Hindenburg's reports. Anderson announced Hindenburg's shutdown, following its impactful reports on entities like Adani Group, sparking financial and political repercussions.

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Union Budget should help in safeguarding India’s trade interests as Trump returns

CFO News

India Budget: The Union Budget for FY26 will likely aim to strengthen trade relations with the USA, with a focus on reducing tariffs on US imports. This move comes as part of India's strategy to boost exports of high-value goods and services, crucial for maintaining trade balance with major markets amid potential global trade conflicts.

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Eyes on defence deals as Donald Trump pads up

CFO News

With Trump taking over as US President, the focus is on Indo-US defence ties, including fighter jet engines' local production and technology transfer. Challenges include price hikes and closing deals within three months. Major acquisitions like 114 medium-role fighter jets and 80 transport aircraft are also in the pipeline, with significant US interest.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.