Sun.Mar 16, 2025

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A Day in the Life: Razzak Jallow from FloQast

Future CFO

Editors note: In todays A Day in the Life , Razzak Jallow (pictured), chief financial officer at FloQast , shares with FutureCFO audiences how his experiences shaped his perspective on finance and sparked his interest to help companies make better financial decisions and create stronger foundations for success. FutureCFO: What does a typical day look like for you?

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EIL, MECON, 4 others in fray for RBI's currency management project

CFO News

State-owned Engineers India and MECON, alongside four private firms, have been shortlisted for RBI's project to modernize its currency management infrastructure. The project aims to create advanced storage, introduce automation, enhance security, and improve efficiency to meet future cash needs. RBI seeks to address challenges faced by other central banks and ensure sustainable currency management.

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Trending Sources

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Here’s another chance to get a 2% above-inflation yield for nearly 10 years

Tips Watch

Treasury will auction a reopened 10-year TIPS on Thursday. By David Enna, Tipswatch.com Real yields have been quite volatile through 2025, with the yield on a 10-year Treasury Inflation-Protected Security falling 54 basis points from a high of 2.

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Wholesale Inflation accelerates to 2.38% in February from 2.31% in January

CFO News

Indias wholesale price inflation rose to 2.38% in February 2025, up from 2.31% in January, marking an eight-month high since June 2024. This uptick was driven by rising prices in manufactured food products, food articles, other manufacturing, non-food articles, and textiles.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: How the Biggest Crypto Heist in History Went Down : The cryptocurrency exchange Bybit lost $1.5 billion to North Korean hackers last month and it all traced back to an account on a free digital storage service.( New York Times ) The Worst 7 Years in Boeings Historyand the Man Who Wont Stop Fighting for Answers : Fatal crashes.

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India to become world's 3rd-largest economy by 2028, overtaking Germany: Morgan Stanley

CFO News

Initiatives like Make in India and Digital India ignited a wave of industrial innovation, turning villages into manufacturing hubs and cities into thriving economic centres, according to an X post.

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Govt Pins Hope On Robust Tax Mop-Up To Push New Schemes

CFO News

The Delhi government is relying on its tax collection to fund new welfare schemes and projects for the financial year 2024-25. While GST and VAT collections have shown a significant increase, revenue from motor vehicle tax and excise duty is below expectations and may not meet the projected targets.

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Charting the global economy: Tariffs fuel US inflation concerns

CFO News

US consumers are increasingly anxious about the impact of rising tariffs, with both sentiment and long-term inflation expectations deteriorating. The UK economy contracted unexpectedly at the year's start, and Chinas economy continues to struggle with deflation. Other global economies, including India and Japan, also face economic challenges.

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China's Jan-Feb industrial output slows, retail sales growth picks up speed

CFO News

China's industrial output slowed to 5.9% in the first two months of the year, reflecting ongoing pressures from U.S. trade tariffs. However, retail sales increased by 4.0% due to strong Lunar New Year spending, leading to cautious optimism amidst economic uncertainty.

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The Silent Crisis: Why Finance Lags in Digital Transformation and How to Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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Explosive growth in online gambling: 1.6 billion visits logged in India in just 3 months, says report

CFO News

Illegal Betting In India: One of the findings mentioned in the report is that the organic search traffic to illegal betting sites crossed 184 million visits.

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BIS cracks down on e-commerce platforms like Amazon and Flipkart

CFO News

The Consumer Affairs Ministry said in a statement that to curb the distribution of non-compliant products through e-commerce platforms, the Bureau of Indian Standards (BIS) conducted search and seizure operations in cities like Lucknow, Gurugram, and Delhi.

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With startup & ecomm rush, B-schools see a busy hiring season

CFO News

This hiring season saw a substantial rise in job offers at top B-schools from startups and ecommerce companies like Zomato, Flipkart, and Amazon, driven by expansions and digital transformation. Pay packages ranged from 20-54 lakh per annum, with notable demand in tech, product management, and operations roles.

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India's smartphone exports surge 54 pc to surpass Rs 1.75 lakh crore in April-Feb

CFO News

India's smartphone exports crossed a staggering Rs 1.75 lakh crore ($21 billion) in 11 months of FY2024-25 (April-February) which constitutes a 54 per cent jump over the corresponding figure for the same period of FY2023-24, according to latest industry data.

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The 2025 Annual ProcureCon CPO Report

Procurement leaders are at a pivotal moment. With CPOs playing an increasingly strategic role, it’s time to leverage innovation and technology to drive resilience and efficiency. Download The 2025 Annual ProcureCon CPO Report to uncover key insights to thrive in a dynamic procurement landscape. What’s Inside: How CPOs are driving strategic decision-making and technology adoption The top priorities and challenges for procurement in 2025 Why AI, sustainability, and data analytics are essential for

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Retailers report 52% drop in essential goods sales in urban centres due to rise of quick commerce

CFO News

Quick commerce is significantly impacting the sales of food, beverages, and personal care items in urban areas, with many physical store retailers reporting declines. However, niche markets such as childcare and wellness remain less affected. In tier 2 and tier 3 cities, traditional retail remains strong due to challenges like high delivery costs and inefficient inventory management.

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IndusInd Bank’s accounting lapse brings mutual fund exposure in focus

CFO News

As regulatory scrutiny intensifies, the Institute of Chartered Accountants of India is likely to review the banks financial statements. Meanwhile, the RBI has urged stakeholders not to react to speculative reports, emphasising that IndusInd Banks financial health remains stable.

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Lack of formal financial data remains barrier for MSMEs; experts eye tech-driven solution

CFO News

MSMEs face challenges accessing credit due to traditional assessments, lack of formal financial data, and high operational costs. Experts suggest leveraging alternative data, digital processes, and government incentives to improve credit accessibility and support fintech partnerships for better risk assessment and scalability.

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Absence of concurrent external audit a big gap at IndusInd Bank

CFO News

The lack of an external concurrent audit on IndusInd Bank's MTM derivative losses has exposed a significant vulnerability in internal processes. This deficiency has led to a 1,600 crore loss and raised concerns about the robustness of the bank's risk management systems and depositor confidence.

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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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Uber in early discussions with EV ride-hailing startup BluSmart for a possible acquisition

CFO News

Uber is in early talks to acquire BluSmart Mobility, boosting its electric cab presence in India. The move comes amid Gensol Engineerings financial troubles, increasing competition and Ubers strategic focus on the mobility sector.

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Only days spent in India to decide NRI tax status: ITAT

CFO News

Mumbai ITAT ruled in favor of M Gulati, confirming his non-resident status as he spent 210 days abroad. The tribunal clarified that both employment and job search periods abroad qualify for non-residency. This ruling means non-residents are not taxed on overseas income, benefiting expatriates seeking employment abroad.

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Potential in snacks & packed food business, innovating portfolio for Indian taste: PepsiCo

CFO News

PepsiCo plans to enhance its food segment in India by tailoring products to regional tastes and focusing on innovations and premiumisation. The company will expand its snacks business, addressing low consumption and leveraging growing urbanisation. PepsiCo's diverse brands contribute significantly to its revenue, and its commitment to understanding consumer preferences drives its growth strategy.

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Facing Trump Tariffs, China Outlines Plan to Bolster the Economy

CFO News

China's government and Communist Party unveiled a comprehensive plan to boost domestic spending amid economic tensions with the US and other regions. The initiatives include improving pensions, medical benefits, and wages. Despite local governments facing financial strain, Beijing aims to reassure citizens by stabilizing the stock and real estate markets, indicating a serious commitment to revitalizing consumption.

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Brace for Impact. Unpredictable Tariff Disruptions Are Here––Your Playbook

Tariffs will have a major impact on your supply chain, margins, and operations. Drawing on our work with global companies across manufacturing, automotive, pharmaceuticals, semiconductors, software, technology, financial services, and a range of service industries, we outline the key strategic and tactical actions companies are taking to navigate this period of heightened uncertainty.

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State of the Economy: How macroeconomic indicators performed in February 2025?

CFO News

As the Indian market reels in from the various global economic shocks that came in the form of policy changes in the form of Trump Tariffs and the Russia-Ukraine war nearing its end, lets look at how the macroeconomic indicators performed for the month of February 2025.