Sun.Mar 10, 2024

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Top auditors stop offering non-audit work to clients

CFO News

Top audit firms in India, including KPMG affiliate BSR & Affiliates and BDO affiliate MSKA & Associates, have stopped offering non-audit services to audit clients. This move aligns with the NFRA's strict stance on conflict-of-interest issues. EY affiliate SR Batliboi & Co is the only top firm still providing such services. This change comes amid global pressure for auditors to maintain independence and avoid conflicts of interest.

Auditing 111
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Attention investors: Is it time to rebalance?

Tips Watch

By David Enna, Tipswatch.com While returning home from New Zealand a few days ago, I got into an airport conversation with a traveling friend.

Finance 86
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'Collaboration, communication necessary between CFOs and tech leaders for chasing growth'

CFO News

At the ETCFO Leadership Summit, top industry leaders said that the role of CIO or CTO is more to get the right, sustainable, scalable and secure solution to anything they bring to the table.

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Stripe: How finance functions can make automation work

Future CFO

Editor’s note: Automation can work wonders but it can also create challenges for the finance function. Sarita Singh (pictured), Regional Head & Managing Director, Southeast Asia, India, Greater China, Stripe shared her insights into how CFOs can redefine their functions and better position themselves as revenue growth leaders through automation.

Finance 52
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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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Taxman sending mails in cases of advance tax, transactions mismatch

CFO News

The income tax department is reaching out to assesses whose advance tax payments don't match their financial transactions, urging them to correctly calculate and pay their advance tax by March 15. This initiative aims to ensure tax compliance and enhance taxpayer services. The department uses data from the Annual Information Statement to identify discrepancies and inform taxpayers.

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SEBI notifies micro-REITs regulations; move to boost transparency, investments

CFO News

The introduction of regulations is set to enhance investor trust, broadening the embrace of the growing asset category. This effort is expected to offer vital backing to real estate developers, creating an extra opportunity to capitalize on assets and inject essential liquidity into the industry.

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Indian economy is resilient. changes in bilateral trade are a huge opportunity, says Crisil CEO

CFO News

"The fiscal discipline of the government means that its expenditure would be a little controlled. We are hoping for a normal monsoon, so the agriculture sector will be okay. At 6.

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Need regulators as partners rather than taskmasters for startups, says Anand Mahindra

CFO News

Anand Mahindra was delivering the fourth Annual Atal Bihari Vajpayee Memorial Lecture on ‘The role of industry in building a resilient and resurgent India’. The Mahindra group chairman pointed to the importance of the government and industry working in a collaborative manner to achieve scale, innovation, and global reach.

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The modern CFO: Pioneers of transformation and innovation

CFO News

In the evolving landscape of finance, CFOs lead transformative change. Vish Dhingra, Partner at EY India, explores how they navigate paradoxes and drive innovation for future success.

CFO 52
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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

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.

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Plan to invest ?60,000 cr in airport biz in next 10 years: Adani Ports MD

CFO News

The Adani Group plans to invest ₹60,000 crore over the next decade in its airport business, excluding the ₹18,000 crore already invested in the first phase of the Navi Mumbai airport. The investment will focus on infrastructure like runways, terminals, and city-side amenities, funded through internal accruals. The group aims to transform its airports into major international hubs, anticipating a significant increase in international travel.

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Brainstorming underway at highest echelons of India’s tax admin to figure out ways to deal with 'retrospective’ character of black money law

CFO News

India's tax administration is brainstorming ways to address the 'retrospective' character of the Black Money law. The government wants to resolve the retrospective element of the law without letting it lose its edge. ​Petitions before the court have questioned whether a law -- that could put the offender behind bars for 7 years -- can be used to punish someone for an offence that was committed when the specific law did not exist.

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HDFC Bank gears up to list NBFC arm HDB Financial

CFO News

If the IPO happens in 2024, it could be one of the biggest public issues of the year and the first from the HDFC Group after the merger of HDFC Bank and HDFC.

Banking 52
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Carmakers raise FY24 sales growth projection to 8.2%

CFO News

India's car industry has revised its growth projections to over 8%, driven by strong passenger vehicle sales and domestic consumption. The industry remains optimistic about growth, supported by low-interest rates, controlled inflation, and a fast-growing economy. Moody's raised its GDP growth forecast for India to 8% from 6.6%.

Sales 52
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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

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.

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AG&P Pratham, Think Gas set for $1.1-billion merger

CFO News

The combined entity will be valued at over $1.1 billion, acquiring the heft that will help it compete with rivals. It will be a stock-for-stock merger — a share of one company for each of the other. Currently, I-Squared holds 100% stake in Think Gas Distribution and 73% in AG&P Pratham, the India arm of Singapore-based Atlantic Gulf & Pacific (AG&P) City Gas.

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Japan Q4 GDP revised up to slight expansion, economy avoids recession

CFO News

Revised government GDP data showed Japan's economy avoided a technical recession. The upward revision highlighted concerns about sluggish economic recovery and domestic demand.