Wed.Dec 25, 2024

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Why Don’t Prospects Commit? How “Negative Close” Can Be A Powerful Way To Help Prospects Move Forward

Nerd's Eye View

The core question in the prospecting process is often one of mutual fit – balancing personality compatibility with the advisor's value proposition versus the problem to be solved. The typical prospecting process involves multiple meetings, and a fairly common response for advisors to hear after giving their 'pitch' is that the client needs some extra time to think about it.

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Hat are the GST compliance changes in 2025 that businesses should know

CFO News

These updates include mandatory multi-factor authentication (MFA) for GST portal access, tighter restrictions on E-Way Bill (EWB) generation, and capped extension periods for EWBs.

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Wrap 2024: CFOs highlight growth, record FDI, and challenges of falling rupee, inflation

CFO News

CFOs from India Inc reflect on 2024 as a year of resilience and growth, marked by record FDI inflows, technological advancements, and sustainability efforts. However, challenges such as geopolitical volatility, inflation, supply chain disruptions, and regulatory shifts tested their strategic leadership and financial agility.

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Most India Inc CXOs see generative AI transforming businesses majorly in 2025

CFO News

This technological leap will be instrumental in driving operational efficiency, fostering innovation, and addressing workforce transformation challenges.

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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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Centre appoints Arunish Chawla as revenue secretary

CFO News

Senior IAS officer Arunish Chawla, of the Bihar cadre's 1992 batch, is appointed revenue secretary, filling the vacancy created by Sanjay Malhotra's new role as RBI governor. Several other bureaucratic appointments were made, including Vineet Joshi as higher education secretary and Neelam Shammi Rao as textiles secretary.

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Indian Rupee to remain in pressure amid weak manufacturing exports & policy rate differential with US- Report

CFO News

The Indian rupee may face pressure in 2025 from slowing FDI, weak manufacturing exports, and narrowing policy rate differential with the US, despite positive drivers like India's economic growth, real yields, and strong foreign exchange reserves. A recovery in economic growth and lower inflation are also expected.

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Generative AI: key trends to anticipate in 2025

CFO News

The recently published NTT DATAs GenAI report reveals how companies plan to leverage the potential of the technology in the New Year 2025. According to the report, companies now want to move from the experimental phase to strategic adoption and real utilization. They are making necessary changes across domains and investing heavily to adapt to GenAI era.

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Online job postings rose by 20% in 2024, driven by digital adoption and SMB sector growth: Report

CFO News

India's enterprise job market experienced unprecedented growth in 2024, with job postings on the Apna platform surging by 32 per cent, surpassing 3.5 lakh across 100 per cent categories in over 500 cities.

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Sunny side up for domestic manufacturing

CFO News

Solar power developers are now required to pay customs duties and GST on imported modules upfront, following a directive from the CBIC, which aims to support domestic manufacturers. The revocation adjusts cash flows for solar companies and highlights the need for policy stability to ensure investor confidence and smooth economic transitions.

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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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Tata Sons may infuse fresh funds into ecomm arm only by mid-2025

CFO News

Tata Sons plans to infuse capital into its ecommerce business, Tata Digital, only by mid-2025, with a focus on internal funding and debt until then. The strategy emphasizes growth, better execution, and sustainable profitability, with BigBasket eyeing an IPO and significant growth in standalone revenues for FY24.

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Tax raids on Jaipur wedding planners reveal Crypto use, Rs 20 cr in cash & jewels seized

CFO News

Income Tax officials in Jaipur uncovered cryptocurrency transactions during raids on wedding planners, seizing over 20 crore in cash and jewellery and freezing three crypto wallets. The planners allegedly converted cash from clients into cryptocurrencies like USDT and Bitcoin, using hawala networks to move unreported funds.

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India to drive global oil demand growth till 2035: IEA Report

CFO News

India is predicted to lead global oil demand growth until 2035, adding nearly 2 million barrels per day. Chinas oil demand for road transport is expected to decline due to electric vehicles. This shift may cause challenges for oil-producing nations, potentially leading to oversupply. The transport sector is also transforming, with declining oil demand for passenger cars projected by 2030.

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To fund expansion, Chinese electronics and auto companies like Xiaomi, SAIC and Haier in India tap reserves, loans

CFO News

Some like Haier and Midea Group are using a mix of cash reserves and loans including external commercial borrowings (ECBs), while financials of Lenovo and Xiaomi showed an increase in their cash reserves and borrowings, indicating preparations for higher working capital needs for expanding operations.

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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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N. Srinivasan resigns as CEO, MD of India Cements

CFO News

India Cements announced on Wednesday that N. Srinivasan has resigned as CEO and MD. This follows the Competition Commission of India (CCI) approving UltraTech Cement's acquisition of a 55.5% stake in India Cements, making it a subsidiary of UltraTech effective December 24, 2024.

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Startups create 1.6 million jobs: DPIIT

CFO News

Startups have generated over 1.6 million jobs across India, with the DPIIT recognising 1.57 lakh startups by December 25. The country boasts more than 73,000 startups with at least one woman director. India's vibrant ecosystem, driven by affordable internet and a young workforce, has produced over 100 unicorns and influenced global innovation.

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Income tax rate cut in Budget: Top economists urge Modi to lessen burden for Indians

CFO News

Union Budget 2025: Economists recommend reducing income tax rates, rationalizing customs tariffs, and supporting exports in Budget 2025. They advise targeted interventions for skills development, boosting agricultural productivity, and maintaining capital expenditure. Industry bodies propose comprehensive tax reforms, streamlined compliance, and GST 2.0 for economic growth.

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The world of business lost these eminent people in 2024

CFO News

In 2024, India mourned the loss of several renowned personalities including corporate leader Ratan Tata, banker Narayanan Vaghul, media tycoon Ramoji Rao, economist Bibek Debroy, historian Amiya Kumar Bagchi and entrepreneur Shashi Ruia, all of whom made significant contributions to their respective fields and greatly impacted India's growth and development.

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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.