CFO News
FEBRUARY 4, 2024
Preeti Gupta Mohanty takes on the role of Group CFO at Schneider Electric India, leveraging over 20 years of diverse finance experience in FMCG, consulting, and industry, with notable achievements in strategic leadership.
Future CFO
FEBRUARY 4, 2024
Editor’s note: GenAI adoption is touted to bring benefits to enterprises and their finance functions. Nikhil Parambath (pictured), Regional Vice-President, Asia at BlackLine, shares with FutureCFO audiences major GenAI adoption challenges and how CFOs could overcome them. Nikhil Parambath, Regional Vice-President, Asia at BlackLine FutureCFO: What’s the sentiment towards GenAI adoption in Asia Pacific?
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CFO News
FEBRUARY 4, 2024
Finance expert Robin Banerjee evaluates the Union Budget 2024, emphasizing long-term planning, infrastructure focus, fiscal responsibility, and sector-specific strategies. While praising positive moves, he points out areas that need more attention for a comprehensive economic uplift.
CFO Thought Leader
FEBRUARY 4, 2024
Looking back on his days with GoDaddy, Sam Kemp recalls a pivotal page in the domain registry giant’s strategic M&A playbook. As he prepared to present to the executive team his analysis of a recent acquisition, he included a simple slide to convey data that would challenge the company’s conventional thinking around acquisitions and how—free from the limitations of this thinking—GoDaddy’s newest acquisition could serve as a strategic lever for the company at large.
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
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CFO News
FEBRUARY 4, 2024
Gaurav Mehndiratta, Partner and Head of Corporate and International Tax at KPMG in India, dissects the Interim Budget 2024, praising its pragmatism and measures to sustain economic growth amidst a pivotal election year.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO News
FEBRUARY 4, 2024
Paytm top leadership addressed employee concerns about the future course of action during townhall meetings held at Paytm Payments Bank, One 97 Communications. While the detailed reasons for the RBI's decision were not disclosed, the One97 Communications team has been primarily tasked with creating backend systems, which can be used to transfer the payment settlement systems from Paytm Payments Bank to other banking partners.
Barry Ritholtz
FEBRUARY 4, 2024
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Three AI insights for hard-charging, future-oriented smartypantses : “Over and over, the claims of AI pitchmen turn out to be blatant lies. This has been the case since at least the age of the Mechanical Turk, the 18th chess-playing automaton that was actually just a chess player crammed into the base of an elaborate puppet that was exhibited as an autonomous, intelligent robot.
CFO News
FEBRUARY 4, 2024
RBI MPC Meet: The 12 respondents unanimously predicted that the Monetary Policy Committee (MPC) would keep the repo rate unchanged at 6.50% at the end of its February 8 meeting. They said the panel will maintain the status quo on rates for the sixth consecutive time. The repo rate is the rate at which the RBI lends funds to banks.
CFO News
FEBRUARY 4, 2024
The government's emphasis on electric vehicles (EVs) in the recent budget is expected to have a transformative impact on the country's industrial landscape. The push for EV manufacturing, charging infrastructure, and incentives aligns with the 'Make In India' program and aims to create a robust EV industry. This move is expected to not only reshape the automobile industry but also fuel demand for new storage, distribution, and logistics facilities.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
CFO News
FEBRUARY 4, 2024
In January, the total funding for startups experienced a significant decrease from $1.7 billion in the last month of 2023. It was also the lowest funding amount for January when compared to the last three years, reports Entrackr.
CFO News
FEBRUARY 4, 2024
Referring to a September 2022 ED probe into payment gateways servicing Chinese-controlled app-based loans, the company said its merchants faced inquiries in the past, and Paytm always cooperated.
CFO News
FEBRUARY 4, 2024
Global CEOs and financial heads of consumer-facing companies like Apple, Starbucks, Colgate, Mondelez, Diageo, and Whirlpool reported strong performance in their India businesses. Mondelez plans to invest in capacity expansion. Whirlpool expects a 4-6% increase in sales volume in Asia driven by India's growth. Apple's India business had record quarterly revenue.
CFO News
FEBRUARY 4, 2024
Senior government officials and industry players have discussed ways to enhance collaborations and create a clear action plan for successful implementation of PLI schemes. Around 1,200 delegates including beneficiary companies under the PLI scheme for 14 sectors and officials met to discuss and chart out the strategy for effective implementation. Officials from ministries and departments, including NITI Aayog, electronics, IT, telecommunications, heavy industries, renewable energy, and pharmaceu
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
CFO News
FEBRUARY 4, 2024
Mukesh Ambani is ranked first among Indians and second globally in the Brand Guardianship Index 2024 by Brand Finance. The index recognizes CEOs who build business value sustainably and balance stakeholder needs. Ambani's BGI score is 80.3, just below Huateng Ma's 81.6. ESG is now the most important factor in CEO reputation, accounting for 14% of reputation scores.
CFO News
FEBRUARY 4, 2024
Banker pitch at HQ last week; raise of USD 3.3-5.6 billion may value HMIL up to USD 28 billion. At USD 28 billion, HMIL will be valued at 48 times FY23 earnings, while at the lower end of the band at USD 22 billion, it would be 38.4 times. Maruti Suzuki trades at 40 times FY23 earnings.
CFO News
FEBRUARY 4, 2024
Indian businesses are facing a higher tax outgo due to a new law that requires them to clear outstanding dues to small and micro vendors within 45 days. The law, passed in 2023 and unchanged in the 2024 budget, treats incurred expenditures as income on which tax must be paid for FY 24-25. Many businesses are consulting auditors and tax experts to estimate the extent of the impact and find ways to avoid a tax blow.
CFO News
FEBRUARY 4, 2024
The company said it was disappointed by the decision but it was a procedural one ruling only whether Zee could pursue its application with the company law tribunal.
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