Sun.Nov 24, 2024

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$8 trillion of $14 trillion invested in India since 1947 came in last 10 years

CFO News

India's economy has seen an unprecedented surge in economic activity with a staggering $8 trillion being invested in the last decade, which comprises more than half of the total $ 14 trillion invested in the country since Independence, according to a new report.

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ASEAN enterprises train LLMs with enterprise data, study finds

Future CFO

ASEAN enterprises are now leading in data intelligence, training their large language models (LLMs) with enterprise data. This is the findings of a new economist impact report by data, analytics, and artificial intelligence company Databricks. The study, titled " Unlocking Enterprise AI: Opportunities and Strategies ", examines the challenges businesses face in adopting and scaling AI, and the techniques they are using to drive greater value from these investments.

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1052: How Mobileye’s Capital Journey Shaped, Tested, and Advanced Its Future CFO | Moran Shemesh, CFO, Mobileye

CFO Thought Leader

By all accounts, when Moran Shemesh joined Mobileye in 2016 as Corporate Controller, the drama of its IPO was behind it. The Israeli autonomous vehicle technology company had gone public two years earlier, and Shemesh saw the opportunity to grow within an innovative tech company. “I was stepping into a fast-growing organization, that was already publicly traded,” she says, “and I understood the responsibility of being a Corporate Controller in a public company that was still in its growth stages

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IVOL, a once-hot inflation-fighting ETF, has produced poor results

Tips Watch

By David Enna, Tipswatch.com My philosophy of investing is pretty simple: Stick to your asset allocation, layer in some inflation protection, and avoid undue risk, especially in your fixed-income holdings.

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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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India fund outflows largest since March 2022; Japan fund flow turns negative

CFO News

India Fund Outflows: The shift coincides with a surge in US market inflows, where investor sentiment has turned euphoric following post-election results.

More Trending

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India projected to see 7.1 pc workforce growth in FY25 second half

CFO News

India Employment Growth: India will see a promising 7.1 per cent net employment growth rate in the second half of FY25, according to a report on Monday.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • How Google Spent 15 Years Creating a Culture of Concealment : Trying to avoid antitrust suits, Google systematically told employees to destroy messages, avoid certain words and copy the lawyers as often as possible. ( New York Times ) • America’s News Influencers : The creators and consumers in the world of news and information on social media. ( Pew Research ) see also 1 in 5 U.S. adults get their news f

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hBits aiming for Rs 10,000 crore in assets under management, IPO in 4-5 years, says CFO Samir Bhandari

CFO News

hBits CFO Samir Bhandari says the plans are fueled by strategic acquisitions, SEBI’s new regulations, and growing investor base.

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Plea filed in Supreme Court to take US bribery charges against Gautam Adani on record

CFO News

The US Supreme Court is now involved in the Gautam Adani bribery scandal. A new plea alleges that Adani bribed Indian officials to secure solar energy contracts, echoing accusations made by US prosecutors and the SEC. The plea urges a thorough investigation and a conclusive report from the Securities and Exchange Board of India (SEBI) to maintain investor confidence.

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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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Majority 55% of Indian economy continues to grow positively: HSBC Global Research

CFO News

Despite recent fluctuations in the Indian economy, a majority of sectors (55%) continue to show positive growth, according to an HSBC Global Research report. While consumer spending has slowed, government investments and a diversifying export basket are supporting growth. Agriculture is also poised for improvement following favorable weather conditions.

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What does BJP-led Mahayuti's win mean for Maharashtra's economy and India Inc?

CFO News

Maharashtra's Mahayuti alliance has clinched a historic win, securing 230 of 288 seats. What does this decisive victory mean for India's corporate and Maharashtra's economy? Can the BJP's promises, like a USD 1 trillion economy by 2028 and 25 lakh new jobs, withstand fiscal pressures?

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19 agritech soonicorns, 40 minicorns embracing emerging tech for biz growth: RBI

CFO News

India's agritech sector is experiencing remarkable growth, with 19 soonicorns and 40 minicorns. Investor interest surged, reaching $1.25 billion in 2021. The government is actively promoting agripreneurship and innovation through various initiatives. Emerging technologies like AI and IoT are being widely adopted. Challenges remain in scaling up operations, including funding constraints and fragmented land holdings.

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Goldman Sachs projects India's GDP growth at 6.3% in 2025

CFO News

Multinational investment bank Goldman Sachs forecasts India's GDP growth to decelerate to 6.3 per cent in 2025, over continued fiscal consolidation and slower credit growth.

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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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Logistics, EV & EV infra, agriculture & agrochemicals, e-commerce to lead workforce expansion

CFO News

India's job market is expected to grow. The workforce may increase by 7.1% in late 2024 and early 2025. Logistics, electric vehicles, and tech startups are hiring. Cities like Bengaluru and Mumbai remain job hubs, but Coimbatore and Gurgaon are emerging. Companies need workers with problem-solving and tech skills. Cloud computing and automation are changing how people work.

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redBus launches Primo for small and medium bus transport businesses to increase revenue

CFO News

The Primo initiative introduces consumer loyalty programme and operator-centric digital marketing features to make it a seamless journey for small and medium enterprises.

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IIFCL seeks infra tag for space sector; keen to finance satellite vehicles manufacturing: MD

CFO News

At the same time, he said, "We would like to engage with the space sector in terms of financing the space satellite vehicles manufacturing and other related areas. So, we have requested the government to include the space sector in the harmonized list of infrastructure so that we can be enabled to provide funding to this sector.

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Vodafone Idea misses Rs 350-crore bank guarantee payment; may not face penal action

CFO News

The next BG for Vi will become due in February. The company is required to submit a total of about Rs 24,700 crore in BGs in the coming months for past auctions.

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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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IPO pipeline to remain strong; 10 companies aim to raise Rs 20,000 cr in Dec

CFO News

Education-focused NBFC Avanse Financial Services, TPG Capital-backed Sai Life Sciences, hospital chain operator Paras Healthcare, and investment bank DAM Capital Advisors are among the companies planning to launch their IPOs in December, merchant bankers said.

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Damson technologies inaugurates new manufacturing facility in Ahmedabad

CFO News

Damson Technologies has opened a new manufacturing facility in Ahmedabad, Gujarat, with an investment of Rs 200 crore. The facility will produce audio products such as TWS earbuds and home entertainment systems, creating around 500 jobs. This initiative aims to boost domestic production, reduce import reliance, and expand the company's presence in both domestic and international markets.

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Expect tractor industry festive season sales to grow 8-10% this year: Escorts Kubota CFO

CFO News

Driven by a favorable monsoon season and positive market sentiment, tractor sales in India are projected to surge by 8-10% during the September-November festive period. Despite a sluggish first half, the industry anticipates double-digit growth in the latter half of the fiscal year, culminating in an overall mid-single-digit growth for the year.

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India Inc's interest cover weakens with slipping top & bottom lines

CFO News

Indian companies faced a decline in interest coverage ratio to 4.8% in the September quarter. This was due to rising interest costs and slower growth in operating profit. Interest costs surged by 7.2% year-on-year, while revenue growth slowed down to 4.9%. Higher working capital requirements and increased borrowings further impacted the ratio.

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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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Choose correct income tax returns to report foreign assets: CBDT

CFO News

​ As many as two lakh income tax returns (ITRs) containing details of foreign assets and income have been filed during the current assessment year till now, according to the tax department.

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CCI rejects Apple request to put antitrust report on hold

CFO News

The Competition Commission of India (CCI) in August ordered a recall of investigation reports after Apple said the watchdog had disclosed commercial secrets to competitors in the case dating back to 2021, including Tinder-owner Match. These elements should have been redacted.

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COP29: Climate finance goal topped priority list at Baku

CFO News

The COP29 climate summit concluded with a new climate finance target of at least $300 billion by 2035 to aid developing nations in transitioning from fossil fuels. The agreement, reached after intense negotiations, will see contributions from various sources, including multilateral development banks.

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How will Adani indictment impact Indian banks?

CFO News

Adani News: Impact of Adani indictment on Indian l Indian insurtechs sees 12-fold growth l India fund outflows largest since Mar'22

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.