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By David Enna, Tipswatch.com The recent release of the June 2024 inflation report created a baseline number for next year’s cost of living adjustment for Social Security recipients.
CFOs are aligning talent management with organisational goals. ETCFO explores how finance leaders are tailoring their approaches to meet unique needs and industry demands.
At a recent executive team dinner, several Acorns executives were reminiscing about their childhood professional aspirations. While many had had career dreams that had long ago lost their luster—Seth Wunder told his colleagues that he never gave much thought to being anything other than an investor. “I grew up in a household and family that was focused on investing and on the growth of the markets,” Wunder recalls.
Chankiriroth Sim , CEO & founder of Banhji , discusses how his background has helped him bridge the gap between finance and technology, and the unique value this combination brings to the SMEs he serves. The post Fostering financial inclusion through fintech innovation appeared first on FutureCFO.
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.
As micro, small and medium enterprises (MSMEs) are an integral part of the BRICS countries, there is a need for cooperation and collective efforts for outcome-oriented support for the sector, which form the backbone of the overall industrial ecosystem and economic growth, said Commerce Secretary Sunil Barthwal.
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • We bought everything needed to make $3 million worth of fentanyl. All it took was $3,600 and a web browser. At the tap of a buyer’s smartphone, Chinese chemical sellers will air-ship fentanyl ingredients door-to-door to North America. Reuters purchased enough to make 3 million pills.
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • We bought everything needed to make $3 million worth of fentanyl. All it took was $3,600 and a web browser. At the tap of a buyer’s smartphone, Chinese chemical sellers will air-ship fentanyl ingredients door-to-door to North America. Reuters purchased enough to make 3 million pills.
India's cement industry is witnessing an intense battle as Gautam Adani's expansion efforts trigger a race with Kumar Mangalam Birla's UltraTech Cement Ltd. Both billionaires are striving to dominate the supply of cement, crucial for India's infrastructure boom. In less than two years, Adani and UltraTech have completed six deals, with UltraTech announcing a seventh acquisition of a key regional player.
Ola Electric's IPO, opening August 2, has drawn significant interest from domestic and international investors, valuing the company at nearly $4 billion. The IPO includes $5,500 crore from fresh shares and 85 million shares for sale. CEO Bhavish Aggarwal will reduce his stake to 37%. The listing is expected on August 9.
Angel tax (income tax at 30% rate) was imposed on funding raised by unlisted companies, or startups, if their valuation exceeded the company's fair market value.
The Bar Council of India and the Law Society of England and Wales discussed allowing foreign law firms in India. Despite initial excitement, regulatory clarity remains elusive, delaying plans. Global firms are cautious due to tax and registration ambiguities. Key stakeholders urge clear and transparent rules to effectively integrate foreign legal practices into India’s market.
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.
In early July, Indian banks borrowed a record Rs 1.19 lakh crore from the market due to challenges in attracting deposits, which totaled Rs 1.02 lakh crore. The Reserve Bank of India data revealed this borrowing trend as a result of the budget's lack of deposit-attracting measures. Total bank borrowings reached Rs 8.83 lakh crore, influenced by the HDFC and HDFC Bank merger.
The massive jump in retail participation in futures and options trading, crypto trading and sports betting has increased the tax filing challenges for chartered accountants and lawyers. People who are helping consumers file their taxes told ET that many of them have undertaken 25,000 FnO transactions, more than 1 lakh crypto trades and actively bet on sports.
The move is aimed at plugging the loophole that house owners used to lower their tax liability. "The amendment will take effect from the 1st day of April, 2025 and will, accordingly, apply in relation to assessment year 2025-26 and subsequent assessment years," as per the Memorandum to Union Budget 2024.
The government has mandated that a person who is liable to pay any taxes, or yet to clear any kind of tax dues cannot leave the nation unless their taxes are cleared. Further, the government has clarified that only specific individuals who meet certain criteria, such as involvement in financial irregularities or having substantial tax arrears, are required to secure this certificate.
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.
Colgate-Palmolive India Ltd has received a tax demand notice of Rs 248.74 crore from the Income Tax Authority for the financial year 2020-21 due to transfer pricing issues. The company will appeal the order, which includes Rs 79.63 crore in interest, before the appellate tribunal. Financial operations remain unaffected.
But in the telecom services segment, Bharti Airtel, the second largest operator that had 23,628 on-roll employees at the end of FY24, provided salary hikes in the range of 10-12%, people familiar with the matter said. Loss-making Vodafone Idea, with over 9,000 employees, also gave hikes of 8-11%, they said. Reliance Jio Infocomm has yet to announce the hikes for this year.
Tata Motors is in a legal conflict with the EPFO over transferring its employee provident fund. Tata Motors seeks to surrender its exempted status, but EPFO requires detailed documentation. The Supreme Court ruling and subsequent legal actions have prolonged the issue. The matter is scheduled for a hearing in the Delhi High Court on August 8.
Adani-Hindenburg row: In the ongoing Adani-Hindenburg saga, new revelations show that US short-seller Hindenburg Research shared its critical report on the Adani group with New York hedge fund manager Mark Kingdon months before its public release. According to Sebi, this collaboration involved a profit-sharing agreement tied to significant declines in Adani's market value, exceeding USD 150 billion across 10 listed firms.
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.
He has over 33 years of extensive experience in the Finance sector, including his previous tenures as Managing Director and CEO at Industrial Finance Corporation of India (IFCI) and Deputy Managing Director at SIDBI.
Finance Minister Nirmala Sitharaman revealed that the government is establishing a new fund to help MSMEs facing financial issues due to delayed payments. Traders must now clear MSME bills within 45 days according to Section 43B(h) of the Income Tax Act. The new rule, active from April 1, has made MSMEs apprehensive. The budget has also offered collateral-free loans for MSMEs and proposed a Rs 1000 crore venture capital fund for the space sector.
India aims to become a USD 30 trillion economy with a per capita income of USD 18,000 by 2047, according to NITI Aayog’s "Vision for Viksit Bharat @ 2047: An Approach Paper." This ambitious goal requires India to avoid the Middle-Income Trap by significantly boosting its GDP and per capita income.
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