Sun.Oct 13, 2024

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The one key rule for using TreasuryDirect …

Tips Watch

By David Enna, Tipswatch.com TreasuryDirect gets a lot of bad press, mostly deserved, for presenting a clunky website with a bureaucratic mess of rules and usually lousy customer service.

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The future of computing

Future CFO

Chris Howard , global chief of research at Gartner , and Soyeb Barot , chief of research for Gartner for Technical Professionals and VP Analyst, discuss the future of computing, focusing on how AI is rapidly driving innovations like quantum computing, the potential far future of autonomous businesses and why business leaders need to take an active role in shaping these exciting possibilities.

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VCs apply PMF filter on early-stage startups seeking follow-on funding

CFO News

India's early-stage startups are facing funding scrutiny as risk-averse investors tighten their purse strings. As per a study, only 25% of seed-funded startups successfully secure Series A funding. This increased selectivity has led to a surge in startup shutdowns over the past year, with many failing to demonstrate product-market fit.

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A Day in the Life: Amirreza Sawal from PayMate

Future CFO

Editor's note: In today’s A Day in the Life , Amirreza Sawal (pictured), General Manager and Regional Head of APAC at PayMate shares with FutureCFO audiences why interactions that don't result in transactions are still important and the mindset that allows him to stage a comeback after failure. FutureCFO: What does a typical day look like for you? Amirreza Sawal (AS): As the GM and Head of Asia Pacific for B2B payment provider PayMate, one of my key responsibilities is overseeing operations in t

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Emerging economies have to strengthen their risk buffers, says RBI's Shaktikanta Das

CFO News

Reserve Bank of India's governor Shaktikanta Das on Monday while addressing high-level conference highlighted the need for emerging economies to strengthen their risk buffers.

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More Trending

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US-India Strategic Partnership Forum to host India Leadership Summit 2024 on October 14

CFO News

The US-India Strategic Partnership Forum (USISPF) aims to create a powerful partnership between the United States and India. As the only independent not-for-profit institution dedicated to strengthening the US-India partnership.

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Cost of imports up; RBI likely to turn cautious on Rupee

CFO News

Imported inflation in India's CPI has gradually increased since April 2024, contributing 0.5 percentage points by August 2024. With global prices rising, imported inflation is expected to further impact core inflation. The RBI is managing the rupee's value to counter this. Strong FPI inflows and currency management by the RBI may control imported inflation.

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Reliance Industries in talks to acquire stake in Karan Johar’s Dharma Productions

CFO News

Reliance Industries is negotiating to acquire a stake in Karan Johar's Dharma Productions. This deal could enhance Reliance’s foothold in India’s content production industry. Dharma Productions is exploring strategic partnerships due to rising production costs and shifting consumer preferences towards OTT platforms. RIL’s acquisition would bolster its existing portfolio, including Jio Studios and Viacom18 Studios.

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EPAM India added 2,000 hands in 10 months: CFO Peterson

CFO News

Jason Peterson, chief financial officer, senior vice president and treasurer, EPAM, told ET the company's employee strength in India will reach the 10,000 mark by early 2025, reflecting a tenfold surge in its India headcount in a decade.

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Navigating Corporate Travel Changes Post-Pandemic

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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MS eyes ecosystem tie-ups to make India AI-first nation

CFO News

Rajesh Jha, global EVP, experience and devices at Microsoft, calls India as an "AI-forward nation" and wants to strengthen its partner ecosystem through tech companies like HCL, Infosys, Cognizant, L&T, because "for every dollar we make out of Copilot, our partners can make $8 to $10 more"

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Imported inflation edges up after months in the negative zone

CFO News

Imported inflation is gradually rising from a negative base, contributing 0.5 percentage points to the Consumer Price Index inflation since April 2024. Global price increases and customs duty changes are influencing this trend, but strong FPI inflows and RBI intervention are helping stabilize the rupee.

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193 companies list over 90,800 opportunities on PM internship portal

CFO News

Under the scheme's pilot project, which is estimated to cost around Rs 800 crore, internships will start on December 2. It is expected to cover 1.25 lakh candidates in the current financial year ending March 2025.

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PM Narendra Modi hails GatiShakti plan, says it has accelerated our vision of Viksit Bharat

CFO News

Prime Minister Narendra Modi praised the GatiShakti Plan, emphasizing its transformative impact on India's infrastructure and development, as well as its crucial role in accelerating the vision of a Viksit Bharat.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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SBI plans to enhance threshold limit under instant loan scheme for MSME sector

CFO News

State Bank of India (SBI) is set to enhance the instant loan scheme threshold for MSMEs beyond the current Rs 5 crore, streamlining the process with tech for quick approvals. Plans include network expansion with 600 new branches, aiming to include more MSMEs in formal credit systems.

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Ambani crosses swords with Musk as war over satellite spectrum rages; Reliance questions Trai's decision

CFO News

Reliance is challenging the telecom regulator's decision to allocate, rather than auction, home satellite broadband spectrum in India, intensifying its competition with Elon Musk's Starlink. Reliance has argued that an auction process is necessary for a level-playing field, critiquing TRAI's interpretation of Indian law.

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Anti-dumping step: India may raise the bar to block entry of cheap steel

CFO News

Stringent quality checks can stem the tide of imports as producers scour for markets amid sluggish demand and steep duties imposed by the US and the EU, which has increased risk of dumping into India. At present, import of multiple grades of steel is permitted despite quality control orders on the basis of a no-objection certificate (NOC) from the steel ministry.

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Bank margins likely to remain under pressure in Q2 amid rising deposit costs, say analysts

CFO News

Bank margins may remain under pressure due to higher deposit costs. Loan growth trends will be monitored, especially in the unsecured retail segment. Analysts expect slower growth and higher credit costs for banks with more exposure to microfinance and unsecured loans. Earnings growth for private and PSU banks may vary between 4.1% and 17.2% year-on-year.

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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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Uber effect: CBIC to meet with ecommerce operators on Monday to resolve GST on rides

CFO News

The meeting comes in the wake of a September 25 direction from the Karnataka High Court to the CBIC to decide on Uber India’s representations on the issue after hearing all stakeholders in six weeks.

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Refund drive starts for 6cr investors in Rs 50,000 crore ponzi case

CFO News

Enforcement Directorate has begun returning lost funds to nearly six crore investors targeted by the Rs 50,000 crore Pearl Group ponzi scam. It shared details of Rs 700 crore worth of attached assets with the Lodha Committee for victim restitution. Investigations revealed funds siphoned off internationally, leading to multiple property attachments, including assets in Australia and India.

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Jio seeks auction of Satcom spectrum

CFO News

Reliance Jio has urged telecom minister Jyotiraditya Scindia to have regulator Trai revise a consultation paper on spectrum allocation rules, emphasizing fair competition between terrestrial and satellite networks. Jio warns of potential legal battles if level-playing field considerations are not incorporated.

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Hyundai offer has some appeal, but may not give investors first-mover advantage

CFO News

Hyundai Motor India plans to raise up to INR 27,870 crore through an OFS, reducing Hyundai Motor Company's stake from 100% to 82.5% to meet regulatory requirements. Facing market share erosion and heightened competition, the company aims to increase capacity and launch new models to boost growth.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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Consultant to be hired to study impact of rural jobs scheme

CFO News

The Centre will evaluate the MGNREGS to enhance its effectiveness, with DMEO inviting bids for a six-month study. The consultancy involves extensive research and field surveys across 14 states, and selection will be based on technical and financial evaluations. A multidisciplinary team will conduct the study.

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TCS second quarter results signal deal growth impact only by FY26

CFO News

The Tata subsidiary missed market estimates for the July to September quarter net profit after reporting a 1.08% quarter-on-quarter (QoQ) decline at Rs 11,909 crore.

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NTPC Renewable Energy names Pushpendra Tyagi as CFO

CFO News

Pushpendra Tyagi who previously served as the head of Internal Audit at NTPC, takes over from from Neeraj Sharma, the former CFO of NTPC Renewable Energy.

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