Sat.Nov 23, 2024

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Adani CFO says US indictment linked to one Adani Green contract

CFO News

Adani Group CFO Jugeshinder Robbie Singh addressed a U.S. bribery indictment, clarifying its connection to a single contract under Adani Green Energy, representing about 10% of their business. Singh emphasized that the allegations, stemming from a February 2024 risk disclosure, are unproven and don't involve other Adani entities.

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10 Weekend Reads

Barry Ritholtz

The weekend is here! Pour yourself a mug of Danish Blend coffee, grab a seat outside, and get ready for our longer-form weekend reads: • 100 Most Powerful People in Business : Leaders from 40 industries, ranging in age from their 30s to their 90s. You’ll come across very recognizable founders, chief executives of great businesses, disrupters, and innovators.

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AI revolution drives surge in gold demand for smartphones, autonomous vehicles, and data centres: WGC

CFO News

Gold demand in the electronics sector peaked in 2010 at 328 tons but gradually declined to 249 tons by 2023. Recent quarters, however, have shown a modest recovery, driven in part by the expansion of AI-enabled devices.

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North Chennai's Tidel Park to boost IT growth, generate 6,000 jobs

CFO News

​The new Tidel Park in North Chennai is set to transform the region into a "thriving information technology hub," according to real estate consultant Knight Frank India. Strategically located with robust infrastructure, the facility will spur economic growth and job creation, said Srinivas Anikipatti, Knight Frank India's executive director for Tamil Nadu and Kerala.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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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Six pharma firms to set up facilities in Telangana, create over 12,000 job

CFO News

​Six prominent pharmaceutical companies, including Dr Reddy's Laboratories, Aurobindo Pharma, and Hetero Labs, have signed memorandums of understanding (MoUs) with the Telangana government to set up facilities in the Pharma City near here, the government announced on Friday. The companies have committed to invest over Rs 5,260 crore, which is expected to create 12,490 job opportunities in the pharma sector, according to an official release.