Wed.Jan 01, 2025

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Using A 1035 Exchange To Turn An Unneeded Life Insurance Policy Into An Annuity

Nerd's Eye View

Occasionally, an owner of a permanent life insurance policy may decide that they no longer need their policy – either because the death benefit is no longer necessary or because they simply want to access the policy's underlying cash value for their living expenses in retirement. Unlike term life insurance, permanent life insurance doesn't simply lapse when the owner stops paying premiums.

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GST collection grows 7.3% Y-o-Y in December at Rs 1.77 Lakh crore, but slips sequentially

CFO News

GST collections for the month of December grew 7.3 per cent year-on-year at Rs 1.77 Lakh Crore witnessing a dip compared to Rs 1.82 Lakh Crore in November 2024. Maharashtra recorded the highest GST collections among all states, registering Rs 29,260 crore, a 9 per cent year-on-year increase compared to December 2023.

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Understanding AI agents for the organisation

Future CFO

Kathy Pham , vice president of Artificial Intelligence at Workday , discusses what AI agents are and their transformative impact on enterprise and organisations. Pham explains how these intelligent systems can automate tasks, personalise experiences, and revolutionise business processes to unleash full potential to drive value. First published on Youtube.

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Healthy growth set to return this fiscal; rate cut likely sooner

CFO News

India is set to navigate various economic challenges and geopolitical tensions to maintain its status as the fastest-growing major economy. Despite a recent dip in growth, strong macroeconomic fundamentals and anticipated policy measures from both the government and RBI suggest an optimistic outlook for 2025.

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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10 New Year’s Day Reads

Barry Ritholtz

Happy New Years! Grab a few Advils, pour yourself a mug of coffee, and get ready to start the new year right! AI Needs So Much Power, Its Making Yours Worse Technology : AI data centers are multiplying across the US and sucking up huge amounts of power. New evidence shows they may also be distorting the normal flow of electricity for millions of Americans, threatening billions in damage to home appliances and power equipment. 75% of highly-distorted power readings across the country are within

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India's manufacturing PMI slows to 56.4 in December amid softening demand

CFO News

India's manufacturing sector, though still in growth territory, showed signs of slowing momentum in December, with softening demand and moderating new orders. The HSBC final Manufacturing PMI indicates potential challenges ahead, suggesting a less optimistic outlook for early 2025.

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Outlook 2025: India’s economic growth may face US policy, fiscal strain headwinds, say experts

CFO News

Indias economic outlook for 2025 is fraught with risks, as economists point to external challenges, including US policy shifts, and domestic issues like fiscal constraints, job creation, and monsoon performance that could significantly impact growth and stability.

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Steelmakers may cut down on Capex amid price slump

CFO News

Steelmakers in India are expected to reduce their capital expenditure plans in 2025 due to declining steel prices, impacted by increased imports from China. This downturn has resulted in reduced profitability and cash flows, affecting expansion efforts as domestic steel consumption grows. Flat steel product prices are particularly hit, leading to cautious investment strategies.

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Navigating 2025: Economic resilience, sectoral opportunities, and transformative power of AI

CFO News

The 2025 outlook is cautiously optimistic. Despite ongoing global challenges, growth prospects, especially in the year's second half, offer hope. In 2024, uneven growth was impacted by high interest rates, supply chain disruptions, and geopolitical tensions.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Education loan companies Credila, Avanse gear up for IPOs

CFO News

Credila Financial Services and Avanse are set to launch IPOs, aiming to raise Rs 5,000 crore and Rs 3,500 crore respectively. Both companies are pioneers in the education loan sector, managing over Rs 60,000 crore in loans, addressing the increasing need for education financing in India.

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B2B infra, AI and DPI plans are brewing at 2025-ready fintech

CFO News

Heading into 2025, the fintech sector is expected to emphasise B2B infrastructure solutions, AI-driven compliance automation, and secured credit products. Despite a slowdown in consumer lending, venture investors are eyeing business lending and digital public infrastructure innovations, with AI increasing efficiency in compliance and fraud detection.

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ICEA bats for cut in duties on parts, components to spur electronics manufacturing

CFO News

The India Cellular and Electronics Association (ICEA) is advocating for the reduction of duties on parts and components and a simplified tariff structure to enhance India's competitiveness. ICEA suggests eliminating the 2.5% duty on specific parts and inputs and restructuring tariffs into '3+1 slabs' to boost manufacturing and export potential.

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Loan against gold on rise, RBI raised concerns over irregular practices involved in gold loans

CFO News

The Gold loans in the country has registered strong growth recently says a report by Reserve Bank of India.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

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FPIs bow to IPO allure, but walk out of secondary markets

CFO News

Given the sustained flow of companies filing draft red herring prospectus (DRHPs) with the markets regulator as a part of the IPO launch process, the domestic primary market is likely to remain a major route of equity investment for foreign investors in 2025 as well.

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Investors queue up for more quick commerce startups with special focus

CFO News

Swish raising funds; former Dunzo executives have quick commerce plans, including enabler Kuik. Industry executives are of the view that while food and fashion are the big interest areas, pharmacy will soon emerge as a major quick commerce vertical.

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Hero MotoCorp gets additional tax demand of Rs 26.4 cr

CFO News

Hero MotoCorp Ltd received an additional tax demand of Rs 26.40 crore from the Income Tax Department for the assessment year 2020-21. The company is examining the order and may file an appeal. Hero MotoCorp believes the demand is unsustainable and unlikely to impact its financial performance or operations significantly.

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Tamil Nadu govt cancels smart meter tender awarded to Adani Energy Solutions

CFO News

Tamil Nadu Power Distribution Corporation cancelled a global tender for smart meters due to high costs quoted by the lowest bidder, Adani Energy Solutions Ltd. This follows allegations of Adani Group's involvement in a USD 250 million bribery for solar contracts, which the company denies.

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The Growth Architect: How Financial Leaders are Unlocking Potential

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.

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Voucher transactions not liable to GST: CBIC

CFO News

India's CBIC clarified transactions involving vouchers do not constitute supply of goods or services and are not liable to GST. GST will only apply to additional services such as marketing or commission-based distribution. Unredeemed vouchers are also not taxable. CBIC also issued clarifications on Input Tax Credit (ITC) for Ex-Works Contracts and e-commerce operators.

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MCA asks cost auditors to tap AI to better detect inefficiency

CFO News

The corporate affairs ministry has directed cost auditors to focus on potential risk areas, assess cost inefficiencies' impact on financial health, and utilize AI to identify unnoticed patterns or anomalies. Cost records are essential for tax calculations, funding for government projects, and official subsidies and incentives.

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PLI schemes driving manufacturing sector to new heights, reshaping industries

CFO News

The development of plug-and-play industrial parks in over 100 cities has also attracted significant investments, making India a more attractive destination for industrial growth.

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Reliance spends $13 billion on acquisitions in 5 years, focus on energy and technology

CFO News

Reliance Industries Ltd has invested $13 billion in acquisitions over the past five years, shifting focus from oil to clean energy, telecom, retail, and media sectors. Recent acquisition Karkinos Healthcare boosts its digital healthcare presence. Major investments include Hathway Cable and REC Solar. RIL aims to enhance its healthcare services using advanced technology and extensive networks.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Core sector output rises to 4-mth high of 4.3% in Nov

CFO News

India's core sector output grew by 4.3% in November, a four-month high, up from 3.7% in October. This growth reflects the fading impact of heavy rainfall earlier. Cement led with 13% growth. Coal, steel, electricity, refinery products, and fertilizers also saw positive growth. However, crude oil and natural gas declined.

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India well positioned to more than fend for itself: Anand Mahindra

CFO News

Anand Mahindra emphasizes that India, leveraging its political stability and military strength, can capitalize on evolving global alliances to enhance its economic potential and integrate further into the global supply chain. Mahindra Group sees significant growth opportunities, highlighted by achievements in the automotive sector, particularly with premium electric vehicle launches.

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2024: A year of farewells, separation, failed union, M&As for corporate India

CFO News

Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in customer care, corporate India saw it all in 2024. In between the cycle of quarterly results and the chase for growth amid dynamic market conditions, India's industry leaders reinforced their belief in the country as the best-placed nation in the world for future growth.

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Surfing on wave of premiumisation, appliances industry expects 15 pc growth in 2025

CFO News

The appliances and consumer electronics industry expects 10-15 per cent growth in 2025 on the back of premiumisation trend, which is driven by rising incomes, changing preferences towards energy-efficient, and connected products with innovative features such as AI and increasing desire for global quality products. The year 2024 was transformative for the industry, in which it bounced back despite challenges such as rising raw material costs, price hikes, and supply chain disruptions, and display

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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