Sun.Dec 29, 2024

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PodChats for FutureCFO: Becoming a transformative finance leader in 2025

Future CFO

Financial transformation has emerged as a critical imperative for organisations in 2024, driven by the need to adapt to rapidly changing economic conditions, technological advancements, and evolving business landscapes. This 2025, CFOs in Asia face unprecedented challenges in navigating a landscape shaped by rapid technological advancements, evolving consumer behaviours, and heightened regulatory demands.

Finance 98
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LATEST News on the BOI Reporting

KG Virtual CFO

By: Katishia Gallishaw, MSA This post was updated on December 30, 2024. As we kick off 2025, there's been a significant development in the world of business compliance. The Beneficial Ownership Information (BOI) reporting requirement, under the Corporate Transparency Act (CTA), has faced yet another legal twist. On December 26, 2024, the U.S. Court of Appeals for the Fifth Circuit reinstated a nationwide injunction, effectively pausing the enforcement of BOI reporting requirements.

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Why Breaking Even Might Be Your Biggest Business Mistake

CFO Plans

Unlock Your Business’s Full Potential with CFO Plans The Danger of a Break-Even Mindset in Business In the dynamic world of financial services, business owners often fall into a common trap: focusing solely on breaking even. While balancing costs and revenues seems wise, this mindset can limit your business to mediocrity, hampering growth and innovation.

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Breaking News: BOI Reporting is Back with Extended Deadlines

KG Virtual CFO

By: Katishia Gallishaw, MSA As we kick off 2025, there's been a significant development in the world of business compliance. The Beneficial Ownership Information (BOI) reporting requirement, which was temporarily paused, is now back in effect. Here's what you need to know about this crucial update. The Lawsuit and Its Resolution A lawsuit had temporarily blocked the enforcement of the Corporate Transparency Act (CTA) and its BOI reporting requirements.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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ICAI can't notify audit quality norms, says SG Tushar Mehta

CFO News

The ICAI is not authorized to issue standards on quality management or amend audit norms for accountancy firms. This responsibility lies with the government, as per the solicitor general's opinion. The dispute arose after ICAI issued new standards and audit changes, which NFRA considered illegal. The matter aligns with aligning domestic audit norms with global standards.

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GST Outlook 2025: Tribunals, easing compliance, rate rationalisation expected in New Year

CFO News

Experts expect GST reforms in 2025 to address inefficiencies and streamline processes through specific measures, including a simplified three-slab rate structure, operationalising robust tribunals for faster dispute resolution, and fostering trust with a responsible tax administration that focuses on merit-based notices instead of revenue-driven actions.

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Private lenders face 25% attrition, RBI report warns

CFO News

Employee attrition rates are high across select private sector banks and small finance banks (SFBs), the report, released by the Reserve Bank of India (RBI), said. The total number of employees in private banks surpassed that of public sector banks (PSBs) during 2023-24, but attrition in private banks has risen sharply over the last three years, with an average attrition rate of around 25%, it noted.

Banking 40
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Venture Capital investments in India surge to $16.8 bn in January-November: Report

CFO News

Venture capital (VC) activity in India has witnessed significant growth from January to November 2024, with investments reaching $16.77 billion across 888 deals, according to the India Brand Equity Foundation (IBEF).

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Boosted by domestic consumption, India’s economy to achieve up to 7.3% growth in FY2026: Deloitte

CFO News

The governments continued focus on infrastructure development, digitisation, and attracting FDI will be an additional growth booster, enhancing overall efficiency.

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Smart Tech + Human Expertise = How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

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Indian manufacturers see technology adoption as key to profitability, yet allocate less than 10% of budgets

CFO News

Manufacturers in India recognise technology adoption as crucial for profitability and competitiveness, yet most investments are modest, below 10 per cent of budgets. However, in the next two years, investments are projected to increase to 11-15 per cent, especially in IoT, robotics, and Big Data. Challenges remain, particularly for SMEs, including high costs and the need for workforce upskilling.

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Big AI bets, demand reboot: Indian IT sector 'bytes' into 2025 with cautious optimism

CFO News

As the Indian IT industry heads into 2025, expectations are high for improved tech spending and robust deal pipelines, driven by AI, cloud computing, and cybersecurity initiatives. Key factors include global economic stability and US trade policies, with IPOs and startup funding expected to increase, despite ongoing challenges and regulatory scrutiny.

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Labour reforms, social security for informal workers, transformative policies on cards in 2025

CFO News

The government aims to implement labour codes by 2025 to boost social security for informal workers, focusing on gig and platform workers. By March 2025, all states and UTs will complete the harmonisation of draft rules. New policies will address gig workers' social security and improve EPFO and ESIC systems.

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RBI Innovation Hub pilots digital unsecured loans for gig workers

CFO News

The Reserve Bank of India Innovation Hub has partnered with Vivifi Finance for a pilot project to provide unsecured loans to gig workers, including cab and food delivery drivers. The project uses alternate data for loan underwriting and aims to integrate these workers into formal banking channels. Future plans include linking the system with the Unified Lending Interface.

Finance 40
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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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India's BoP strengthened by robust inflows from NRI deposits, external commercial borrowing in last quarter: Report

CFO News

India's Balance of Payments improved significantly in Q2 FY25. Strong inflows from Foreign Portfolio Investments, External Commercial Borrowings, and Non-Resident Indian deposits drove this improvement. Despite an increase in Foreign Direct Investment outflows, capital account surpluses rose. Investor confidence and favorable global financial conditions supported these trends, helping to strengthen India's external finances.

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The mother of all Indian IPOs: Will 2025 be the year India witnesses its largest-ever listing?

CFO News

2024 witnessed a surge in IPOs with major companies raising funds, surpassing Rs 3 lakh crore. This trend is expected to continue in 2025 with significant listings from giants like Flipkart, LG India, and Reliance Industries' Jio. Subsidiaries of listed firms are also planning IPOs, potentially setting new fundraising records.

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For 2025, government presses enter for laptop imports

CFO News

Additional import approvals may be issued if demand exceeds the currently approved inventory and local production targets may be cut if demand does not pick up, two executives said. Free imports of laptops and tablets were allowed in calendar 2024 after plans for import control through a licensing regime were deferred.

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Blackstone, Carlyle and other PEs submit bids to unlock Access' majority stake

CFO News

Several global private equity funds, including Blackstone and Carlyle, have expressed interest in acquiring a majority stake in Access Healthcare. The company, specializing in revenue cycle management services, is expected to be valued at $1.4-1.5 billion. Access Healthcare, founded by Anurag Jain, employs 27,000 people globally.

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The AI Race Isn’t Just About Tech Superiority – Its the Supply Chain, Stupid!

The race to dominate AI is no longer about who has the smartest algorithms — it's about who can build and scale faster. Behind every AI breakthrough lies a battle for resources: data centers, compute hardware, power, and telecom infrastructure. And right now, even tech giants are hitting a wall. Our latest white paper reveals the six critical supply chain elements that are increasingly separating AI leaders from the rest.

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JSW group in talks with Chinese biggies to charge up its EV drive

CFO News

JSW Group is exploring collaborations with Chinese companies like Geely and BYD to launch electric cars and e-trucks under its own brand by 2025. It plans to invest 27,200 crore in Maharashtra to produce 500,000 electric cars and 100,000 commercial vehicles annually, with operations under JSW Green Mobility.

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EEPC India bats for 'faceless' GST audit system

CFO News

"The faceless GST audit system, by using technology and ensuring anonymity, will reduce compliance costs. A faceless system will streamline procedures, allowing MSMEs to focus on growth and innovation," said Pankaj Chadha, chairman of EEPC India.

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AstraZeneca India recasts biopharma unit

CFO News

AstraZeneca India has laid off over 125 employees in its biopharmaceutical business unit, including senior managers and sales executives. The job cuts are part of a strategic restructuring due to loss of patent exclusivity and competition from generic drugs. The company continues to focus on new patented drugs for specialized treatments.

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India poised to benefit as Russia slashes export duty on peas, chickpeas, and lentils

CFO News

Russia, the world's top pea exporter, has set a 5% export duty on peas, chickpeas, and lentils from January 1. This reduces the duty by 30% due to slowed exports and unsold volumes. The fixed duty aims to balance exports and local consumption.

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2025 Global Finance Leaders Survey

79% of finance leaders we surveyed say they play a multifaceted role—ensuring financial stability, managing risk, and enabling transformation. In our 2025 Global Finance Leaders Survey, 751 global leaders shared their biggest challenges, top priorities, and outlook for the year ahead. Here’s what you’ll learn in the survey report: An in-depth look at different leadership approaches and what they mean for finance leaders Top challenges facing finance leaders, from data reliability to talent manag

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PM Internship Scheme: 6.2 lakh applications received for 1.3L opportunities

CFO News

"The selection process for internships is ongoing." Partner companies have posted about 1.27 lakh internship opportunities on the internship scheme portal.

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Tata Group to create 5 lakh manufacturing jobs over next five years: N Chandrasekaran

CFO News

Tata Group is planning to create over five lakh new manufacturing jobs in the next five years. These jobs will come from investments in factories to produce batteries, semiconductors, electric vehicles, solar equipment, and critical hardware. The group will also create jobs in services such as retail, tech, airlines, and hospitality.

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India Inc to boost hiring by at least 10% next year vs 2024, estimates CIEL HR

CFO News

Executives at firms like Colgate-Palmolive, DS Group, KPMG, Deloitte, Tata Steel, Tech Mahindra and Meesho are updeat on 2025. For most of these companies, overall hiring is likely to surpass the current year's levels, while for others, it will be in line with 2024. Companies are also likely to focus on upskilling the existing workforce.

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Former US president Jimmy Carter passes away at 100

CFO News

Former US President Jimmy Carter, known for championing human rights and global peace, has died at 100. He served from 1977 to 1981 and was awarded the Nobel Peace Prize in 2002 for his humanitarian efforts. Carter was in hospice care and surrounded by family at his passing.

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Conquering Tail Spend in 2025: New AI-Powered Tools and Strategies for Success

Tail spend — often unmanaged, fragmented and costly — can account for as much as 80% of total transaction volume. Without the right strategy, enterprises face hidden risks and unnecessary spend. It’s time to shift from fragmented, ad hoc purchasing to a strategic, technology-driven approach. Download this GEP-sponsored Everest Group research for insights on how your competitors are upping their tail spend management game.