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.

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CFO Communication Strategic Planning Economics 98

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

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 62

Education Accounting Banking Marketing 62

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.

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Numbers Marketing 45

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

Investments

CFO News

OCTOBER 27, 2024

Jensen Huang, CEO of Nvidia, asserts that India has the essential resources—tech talent, a thriving digital economy, and extensive data—to become an AI leader. Emphasizing the need to transition from an IT outsourcing hub to an AI innovation center, he highlights India's critical role in Nvidia's operations and its potential to spearhead global AI advancements.

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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

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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Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.

Accounting

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

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.

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Investments 40

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Accounting

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

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 40

Forecasting Investments Banking 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.

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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.

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Banking 40

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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

Reconciliations

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.

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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