Sat.Nov 30, 2024

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Thanksgiving sales generated $33.6 billion in online sales globally: Salesforce

CFO News

Black Friday sales have become a phenomenon not just in the US but in India as well. Retailers like Amazon, Flipkart and others are offering deep discounts. Black Friday is observed the day after celebrating Thanksgiving on the fourth Thursday of November.

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10 Weekend Reads

Barry Ritholtz

The weekend is here! Pour yourself a mug of Danish Blend coffee, grab a seat outside, and get ready for our longer-form weekend reads: • Get in, Loser—We’re Chasing a Waymo Into the Future : Tailing a robotaxi for hours and hours is weird. And revelatory. And jealousy-inducing. But a driverless world is coming for all of us. So close the door and buckle up. ( Wired ) • The slow, steady, frustrating, relentless, remarkable rise of Reddit : After nearly two decades, Reddit is breaking out into th

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What is Mulehunter.Ai, the AI tool RBI is promoting to detect and flag accounts used for financial fraud

CFO News

The Reserve Bank Innovation Hub is promoting an AI tool, Mulehunter.Ai, to identify mule accounts used for money laundering. So far, two major public sector banks have implemented it, with ten more in discussions. According to RBIH CEO Rajesh Bansal, the AI tool offers higher accuracy and efficiency compared to traditional methods.

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VW India unit faces $1.4 billion tax evasion notice

CFO News

India has accused Volkswagen of evading $1.4 billion in taxes by misclassifying imports. The notice claims Volkswagen paid lower import taxes on car parts than required. The company should have paid $2.35 billion since 2012 but only paid $981 million. Volkswagen is currently examining the notice and cooperating with authorities.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

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.

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India among top advocates for office based work, surpasses global average: Report

CFO News

India is a leading advocate for office-based work, with 90% of firms requiring employees to be in office at least three days weekly. This trend is forecasted to grow. Emphasis on AI and sustainability is transforming workspaces, with 95% planning increased AI investments and 77% upping spending on sustainability initiatives despite planning and integration challenges.

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India Inc sets sights on PwDs for shop floor

CFO News

India Inc is increasing the hiring of people with disabilities in manufacturing to promote inclusivity and innovation. Companies like Godrej Consumer, Tata Motors, and PepsiCo are implementing safety measures and accessibility audits. Despite rising demand, a skills gap persists among PwD candidates due to educational marginalization.

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India’s electronics sector is a $500 bn growth story by 2030; Amber, Kaynes could give 10-20% return

CFO News

India's electronics manufacturing sector is set for growth, driven by government policies and increasing demand. Electronics production is projected to reach USD 500 billion by 2030. Key initiatives like the PLI scheme are boosting domestic manufacturing. Automotive electronics, in particular, is expected to see significant expansion.

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Camfil India Expands Manufacturing Footprint with New Manesar Plant to Boost Capacity and Support Adoption of IS 17570:2021/ ISO 16890:2016 Standards

CFO News

Manesar (Haryana) [India], Camfil India proudly announces the inauguration of its new, larger manufacturing facility in Manesar, marking a pivotal moment in the company's growth and commitment to delivering advanced air filtration solutions. This strategic expansion reflects Camfil India's dedication to meeting the increasing market demand while supporting India's adoption of global standards, specifically IS 17570:2021/ ISO 16890:2016 for Air Filters.