Sun.Feb 04, 2024

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Schneider Electric India appoints Preeti Gupta Mohanty as Group CFO

CFO News

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.

CFO 105
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Long-time I Bond investors face a tax time bomb

Tips Watch

By David Enna, Tipswatch.com U.S.

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Trending Sources

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Interim Budget 2024-25: The BIG Picture

CFO News

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.

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BlackLine: Finance need to be aware of these GenAI adoption challenges

Future CFO

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?

Finance 98
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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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Interim Budget 2024 – The Placeholder Budget

CFO News

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.

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Paytm to staff: focus on moving business to other banks

CFO News

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.

Banking 52
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10 Sunday Reads

Barry Ritholtz

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.

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RBI MPC Meet: Interest rates expected to hold steady, possible shift to neutral stance amid tight liquidity conditions

CFO News

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.

Banking 52
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EV push in Budget to give fillip to warehousing & logistics sectors

CFO News

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.

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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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Zee-Sony Row: Sony 'disappointed' after SIAC allows Zee to approach India tribunal over merger dispute

CFO News

​​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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Indian startups raised $732 million across 107 deals in January

CFO News

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.

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No ED probe against company or promoter: Paytm

CFO News

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.

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Global consumer companies to step up India play after strong December quarter

CFO News

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.

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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Govt, industry discuss ways for successful implementation of PLI schemes

CFO News

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

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Mukesh Ambani highest placed Indian, No.2 globally in Brand Guardianship Index 2024

CFO News

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.

Finance 52
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Hyundai plans to drive to Dalal Street for largest IPO ever: Plans listing of local arm this Diwali

CFO News

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.

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Indian businesses fear higher taxes over unsettled dues to small vendors as March 31 deadline inches closer

CFO News

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.

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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.