Future CFO

MARCH 3, 2024

Editor’s note: ”A Day in the Life" is a series of interviews with finance leaders and business leaders that aims to inspire FutureCFO’s audiences comprising senior finance and business executives as well as aspiring finance and accounting professionals. If you—as a finance or business leader—would like to share your typical day as well as insights you’ve gained from your professional experience and activities outside work , please contact Nigel Standley ( nigelstandley@cxociety.com ) or Teresa L

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Finance Manufacturing Numbers Startups 52

CFO News

MARCH 3, 2024

The National Financial Reporting Authority (NFRA) plans to conduct annual inspections of major audit firms to ensure compliance with standards and protect investors. The regulator will engage with audit committees and boards, expand inspections, and address issues related to financial statements and auditor independence.

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Auditing Compliance Financial Reporting Planning 52

Barry Ritholtz

MARCH 3, 2024

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Errors Tour: How the Pros Bungled the End of Zero Interest Rates : A look at the ways forecasters, traders and executives missed the mark over the past two years. And at the lessons learned. ( Bloomberg ) • IRS chief: Tax evasion by millionaires and billionaires tops $150 billion a year : The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, according to the he

Forecasting 59

Forecasting Communication Securities Investments 59

CFO News

MARCH 3, 2024

Inflation in goods and services other than fuel and food is expected to remain low at around 3% due to weak rural demand. Despite a strong economy, depressed wage growth and muted private consumption have contributed to declining core inflation.

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Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

CFO

CFO News

MARCH 3, 2024

Apple's contract manufacturers in India, including Foxconn, Wistron, Pegatron, along with Samsung and Dixon Technologies, are set to receive over ₹4,400 crore in incentives for meeting targets in FY23 under the government's production-linked incentive scheme for smartphones. Rising Star (Bharat FIH), Lava, and Optiemus Electronics are among the companies that have not met the PLI targets and are unlikely to receive incentives.

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Manufacturing Technology 52

CFO News

MARCH 3, 2024

The company is targeting to grow its topline by 15-20 per cent per year, and it hopes for the store expansion to be one among several initiatives to realise its aim, the spokesperson added.

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Investments 52

CFO News

MARCH 3, 2024

On Saturday, Byju's stated that it had no money to pay salaries to employees after just-raised funds through the rights issue were locked (in a separate account) after a dispute with investors. It is not clear if Byjus is the beneficial owner of $533 million, then why it could not use them for paying salaries.

Accounting 52

Accounting 52

CFO News

MARCH 3, 2024

The council of ministers has developed a vision document and action plan for Viksit Bharat 2047, a five-year plan involving a 'Whole of Government' approach. The plan involved consultations with state governments, academia, industry bodies, civil society, and scientific organizations. Over 2,700 meetings, workshops, and seminars were held, with over 20 lakh youth suggestions received.

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Planning 52

CFO News

MARCH 3, 2024

GMR Highways has raised ₹700 crore debt from foreign portfolio investors Zeal Global Opportunities Fund and Nova Global Opportunities Fund to prepay loans raised from Yes Bank. Both invested ₹350 crore each in secured, unlisted, and unrated bonds of GMR Highways maturing on February 20, 2028. The bonds have been issued at 14% per annum for 48 months, with the company pledging 100% of its equity shares and providing a corporate guarantee.

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Advertiser: Paycor

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CFO News

MARCH 3, 2024

FM Nirmala Sitharaman will inaugurate a conference of GST enforcement chiefs on Monday and the meeting will discuss combating evasion, among other issues. The one day conference will also discuss combating fake invoicing. It will address this primary form of GST evasion and strategise effective methods to combat it collaboratively.

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Invoicing 52

CFO News

MARCH 3, 2024

Markets regulator Sebi has given the go ahead for a Rs 3,500-crore IPO by Go Digit General Insurance, promoted by Canadian billionaire Prem Watsa's Fairfax group and industry veteran Kamesh Goyal, according to people familiar with the matter. The company had filed for an IPO in August 2022. However, Sebi had kept the issue in abeyance after raising queries on the company's employee stock appreciation plan.

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