Sat.Nov 30, 2024

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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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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.

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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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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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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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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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Dixon partners Taiwan's Compal Electronics to make Google Pixel devices in India

CFO News

Dixon’s wholly owned subsidiary Padget Electronics will be making the high-end smartphones at its manufacturing facility in Noida. Taiwan’s Compal technologies is a manufacturing partner for Google products globally.

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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.