Future CFO

OCTOBER 27, 2024

As a rapidly developing nation, Indonesia faces unique sustainability challenges—from managing its natural resources to addressing social inequalities. The environmental, social and governance principles have become integral to the country's long-term growth and development strategies as business and policy-makers recognise the need to balance economic progress with environmental protection and social responsibility.

CFO 98

CFO Communication Strategic Planning Economics 98

CFO News

OCTOBER 27, 2024

The Reserve Bank of India (RBI) maintains a positive growth forecast for India's economy, predicting a 7.2% expansion for the year ending March 2025. This is significantly higher than the government's projection of 6.5%-7% and investment banks like Goldman Sachs, which have lowered their estimates to 6.5%. The RBI attributes its optimistic outlook to improving rural spending and private investment, despite concerns over sluggish urban consumption and declining exports.

Forecasting 70

Forecasting Investments Banking 70

Barry Ritholtz

OCTOBER 27, 2024

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • America’s gullibility crisis : In the heat of this historic election, educated elites who should know better — billionaires, elected officials, journalists — keep falling for fakes, conspiracy theories and outright lies. Why it matters: Human gullibility is not a new phenomenon.

Education 64

Education Accounting Banking Marketing 64

CFO News

OCTOBER 27, 2024

The steel ministry has begun discussions with the finance ministry on the proposed package, which will be rolled out in different phases, according to the officials. "Talks are on the contours of the incentives. A call will be taken soon," said one of the officials, who did not wish to be identified.

Manufacturing 45

Manufacturing Finance 45

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

Leverage

CFO News

OCTOBER 27, 2024

Consumer companies saw mixed performances in the September quarter, with subdued urban demand affecting some, while others like Varun Beverages and Zomato thrived. Input cost inflation and climate change impacted profitability, but quick commerce growth and resilience in markets like Bangladesh provided some relief.

Numbers 45

Numbers Marketing 45

CFO News

OCTOBER 27, 2024

IndiGo CEO Pieter Elbers addresses concerns over the airline's recent losses, emphasizing improved performance with reduced aircraft grounding and cost pressures, and expects traffic increase during the festive season. He highlights IndiGo's competitive edge and positive reactions to its new premium cabin.

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CFO News

OCTOBER 27, 2024

The Mumbai bankruptcy court dismissed Phantom Studios India's application to enforce a merger between Zee Entertainment and Sony entities, as the companies' boards had already withdrawn the scheme. The tribunal emphasized that the minor shareholder's enforcement rights lapsed after board approval. The parties had previously agreed to a non-cash settlement, ending their disputes.

Entertainment 40

Entertainment 40

CFO News

OCTOBER 27, 2024

Police in Pune have registered a case against eight individuals, including mastermind Asraf Ibrahim Kalawadiya, for setting up 246 fake companies to evade GST worth Rs 5,000 crore to Rs 8,000 crore. The group used forged documents and fake firms to commit fraudulent transactions.

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CFO News

OCTOBER 27, 2024

Hyatt Hotels Corporation plans to nearly double its properties in India to 100 within 5-6 years, driven by the flourishing travel industry and high demand for quality hospitality. The company will introduce additional global brands and expand its existing portfolio in key locations.

Planning 40

Planning 40

Advertisement

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.

Compliance

CFO News

OCTOBER 27, 2024

Delhi's tax revenue from motor vehicle taxes and GST in the first half of 2024-25 is concerning. Motor vehicle tax revenue decreased slightly, while GST and VAT saw a marginal 6.4% increase. The Delhi government is making efforts to improve collection in the remaining fiscal year.

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CFO News

OCTOBER 27, 2024

Indian Inc's revenue growth slowed to 5-7% in Q2 of FY25, driven by poor performance in construction, industrial commodities, and agriculture. However, sectors like IT services, pharmaceuticals, and consumer discretionary saw strong growth, resulting in an overall EBITDA margin expansion of 21-21.5%.

Construction 40

Construction Pharmaceutical 40

CFO News

OCTOBER 27, 2024

Tata Trusts is undergoing restructuring to streamline expenses by eliminating CFO and COO roles, reducing external consultants, and focusing on core philanthropic missions. The move aims to cut administrative costs following an internal audit and financial review, emphasising efficient governance and resource allocation.

Restructuring 40

Restructuring Auditing CFO Planning 40

CFO News

OCTOBER 27, 2024

JSW Energy emerged as the top bidder for KSK Mahanadi Power, offering Rs 15,985 crore and surpassing Adani Power’s Rs 15,885 crore bid. The auction saw six companies participate with JSW Energy securing the deal. The resolution requires further approval from lenders.

Securities 40

Securities 40

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.

CFO

CFO News

OCTOBER 27, 2024

External Affairs Minister S Jaishankar highlighted major changes in India's foreign policy over the past ten years. He emphasized the government's focus on the Indian diaspora's welfare and expanding global job opportunities for Indians. Jaishankar also mentioned efforts to attract foreign investments, citing Prime Minister Narendra Modi's meetings with CEOs in the US.

Investments 40

Investments 40

CFO News

OCTOBER 27, 2024

India had signed a contract with Airbus in 2021 to buy 56 C-295 transport aircraft of which 16 were to be directly sent from Spain while 40 had to be manufactured in India at Tata facility in Vadodara.

Transportation 40

Transportation Manufacturing 40

CFO News

OCTOBER 27, 2024

Large multinational banks have requested that the RBI amend rules to enable same-day settlement of stock trades (T+0) for foreign portfolio investors in India. This change, aimed for late December or early January, necessitates a directive to allow banks to issue irrevocable payment commitments.

Banking 40

Banking 40

CFO News

OCTOBER 27, 2024

Since the beginning of the fiscal year, the Reserve Bank has increased its gold stock by 31.6 tonnes, raising its total to 853.6 metric tonnes by September 2024. This addition, along with a 25 percent rise in gold prices, has significantly bolstered reserves despite portfolio outflows post the Ukraine-Russia conflict.

Banking 40

Banking 40

Advertiser: Paycor

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!

CFO News

OCTOBER 27, 2024

Shreya Life Sciences in Mumbai exported Dell's advanced PowerEdge XE9680 servers containing Nvidia AI chips to Russia, bypassing Western sanctions. Malaysia emerged as the origin for these high-tech shipments. India's intermediary role in such exports has drawn concerns from the US and EU about Russia's military capabilities.

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CFO News

OCTOBER 27, 2024

Joining Flipkart and Reliance Industries, salt-to-software conglomerate Tata Group is set to enter the ever-growing quick commerce sector as customer demand rages in metros. People in the know said Tata’s ecommerce venture Neu will enter the fast delivery segment branded as Neu Flash. It will be rolled out to select users offering grocery, electronics and fashion.

eCommerce 40

eCommerce 40

CFO News

OCTOBER 27, 2024

India's engagements with Germany and Spain center on niche defense collaborations, FDI, technology transfer, and manufacturing sector boosts. Both countries push for India's P75(I) submarine project. Germany ties with Mazagon Docks, Spain with L&T to impress India in enhancing its submarine fleet.

Manufacturing 40

Manufacturing Technology 40