Wed.Jan 01, 2025

article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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.

75
article thumbnail

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.

article thumbnail

Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

article thumbnail

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.

56

More Trending

article thumbnail

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.

article thumbnail

Domination of Dwarfs: Why India’s SMEs remain dwarfs? Exploring the economic puzzle?

CFO News

Indias economic potential hinges on its ability to transform its vast base of small enterprises into dynamic, growth-oriented firms. By addressing the structural and policy barriers perpetuating the dwarf syndrome, India can unlock a new wave of inclusive and sustainable economic growth.

article thumbnail

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.

article thumbnail

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.

article thumbnail

What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

B2B 40
article thumbnail

Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

article thumbnail

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.

article thumbnail

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.

Banking 40
article thumbnail

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.

article thumbnail

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.

article thumbnail

Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

article thumbnail

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.

40
article thumbnail

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.

article thumbnail

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.

40
article thumbnail

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.

article thumbnail

Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

article thumbnail

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.

article thumbnail

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.

40
article thumbnail

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.

article thumbnail

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

article thumbnail

How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?