CFO News

FEBRUARY 1, 2024

They highlighted that this budget presents a Sankalp (pledge) for an Unstoppable India, emphasizing inclusive growth, innovation, and the strategic importance of the India-Middle East-Europe Economic Corridor. In this article, Rakesh Nangia and Rajan Sachdev delve into Finance Minister Nirmala Sitharaman's Interim Budget 2024.

Budgeting 105

Budgeting Economics Finance 105

CFO News

FEBRUARY 22, 2024

Earlier industry experts wanted the government to spend, now the gears have changed they want India Inc to spend. Large corporations have shown their commitments but India certainly needs private capex push. Here is my view.

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105

CFO News

APRIL 22, 2024

Key findings include 89 per cent disclosing leadership indicators and 31 per cent revealing net-zero targets, as per the PwC India report. Indian firms prioritize ESG reporting, with 51 per cent disclosing Scope 3 emissions.

Prioritization 59

Prioritization Leadership 59

CFO News

AUGUST 24, 2023

The newly created ecosystem for space startups in India has fostered the rise of companies like Skyroot Aerospace, SatSure, Dhruva Space, and Bellatrix Aerospace, positioning them as potential game-changers.

Startups 98

Startups 98

CFO News

FEBRUARY 12, 2024

India's retail inflation has eased to 5.10% on an annual basis, according to data released by the Ministry of Statistics & Programme Implementation. The inflation rate remains within the Reserve Bank of India's tolerance band of 2-6%. This is a decline from December's four-month high of 5.69%.

Retail 97

Retail Banking 97

CFO News

JANUARY 18, 2024

​​Earnings reports from corporate India for the December quarter are poised to reveal a dichotomy, with lower raw material costs boosting net profits across various sectors, while revenue growth faces headwinds from a global economic slowdown, uneven domestic consumption, and high inflation impact.

Economics 105

Economics 105

CFO News

APRIL 3, 2024

In a recent report by S&P Global, findings revealed that the seasonally adjusted HSBC India Services Business Activity Index indicated a remarkable surge, marking one of the strongest growth rates witnessed in over 13-and-a-half years.

Sales 105

Sales 105

CFO News

MARCH 25, 2024

SATS Food Solutions taps into India's growing ready-to-eat market potential with a focus on automation and IoT at its Bengaluru facility. The company aims to maintain taste consistency and develop new recipes through chef involvement.

Marketing 98

Marketing 98

CFO News

JULY 20, 2023

Along with the government, India Inc too has made its contribution in taking 13.5 While the government's dynamic schemes like Ujjwala Yojna, Pradhan Mantri Jan Dhan Yojna, and for electricity and water empowered the poor, India Inc also shifted its focus to rural India. crore people out of poverty.

Education 97

Education 97

CFO News

NOVEMBER 29, 2023

ASSOCHAM's Deepak Sood flags the risks of global economic slowdown impacting India's demand and exports. Despite concerns, Sood projects India's growth at over 6.5 He also notes domestic challenges like uneven monsoons and rising interest rates. epr cent, emphasizing resilience.

Economics 116

Economics 116

CFO News

OCTOBER 20, 2023

India has been structurally outperforming MSCI EM index by 45.5 per cent (in USD terms) from early 2021 until October 2022, and "we expect outperformance to continue, with India starting to show a material breakout in relative EPS versus EM and having relatively low correlation/revenue from both the US and China," it said.

Marketing 105

Marketing 105

CFO News

OCTOBER 11, 2023

Last week, the Reserve Bank of India (RBI) decided to keep the repo rates unchanged at 6.5% ETCFO spoke with finance leaders to understand the impact of pause and stable policy on India Inc's growth and expansion plan. for the fourth time in the fiscal.

Planning 144

Planning Finance Banking 144

CFO News

MARCH 19, 2024

India's fiscal prowess shines through as direct tax collections surge to Rs 18.90 lakh crore in FY 2023-24, accompanied by a notable rise in gross collections and advance tax figures.

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CFO News

FEBRUARY 4, 2024

Preeti Gupta Mohanty takes on the role of Group CFO at Schneider Electric India, leveraging over 20 years of diverse finance experience in FMCG, consulting, and industry, with notable achievements in strategic leadership.

CFO 105

CFO Leadership Leverage Finance 105

CFO News

JANUARY 2, 2024

India's manufacturing sector sustained growth at 54.9 in December, an 18-month low. Despite this dip, softer increases in orders, controlled inflation and stable employment showcase resilience. Optimistic outlook prevails for the future.

Manufacturing 134

Manufacturing 134

CFO News

DECEMBER 11, 2023

In its fifth bi-monthly monetary policy, the Reserve Bank of India (RBI) decided to keep the repo rates unchanged at 6.5 ETCFO spoke with finance leaders to understand the impact of the pause and stable policy on India Inc's planning and demand.

Finance 116

Finance Planning Banking 116

CFO News

APRIL 25, 2024

Despite global economic uncertainties, India's services exports surged by 11.4% Key sectors driving India's growth include travel, transport, medical, and hospitality services. annual increase in current dollar value terms, were led by developing economies like India, China, Singapore, Turkiye, Thailand, Mexico, and Saudi Arabia.

Transportation 40

Transportation Economics 40

CFO News

JANUARY 11, 2024

On one side, the economists want the government to manage fiscal consolidation and spend wisely, India Inc have their own checklist. As the budget announcement approaches on February 1, 2024, expectations are high for potential changes in taxation policies.

Budgeting 105

Budgeting 105

CFO News

MARCH 26, 2024

Despite the impressive number of billionaires, India's contribution to the global billionaire wealth remains at a modest 7%, indicating room for further growth and wealth accumulation.

Numbers 85

Numbers 85

CFO News

APRIL 8, 2024

CEO compensation in India Inc is on the rise, with median pay reaching Rs 9.3 About three out of every four CEOs in India now earn more than Rs 5 crore, the survey has found. crore in FY24. The average CEO compensation has surged to Rs 13.8 crore, up 40% from previous levels.

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CFO News

MARCH 7, 2024

In a push for gender diversity, Richa Singh, CFO of Pernod Ricard India, calls for more women on corporate boards to foster inclusive growth in India Inc. Notably, according to the Companies Act of 2013, every listed company is required to appoint at least one woman director to their board.

CFO 104

CFO 104

CFO News

JANUARY 15, 2024

India's potential for attracting foreign direct investment (FDI) could significantly increase with another five years of a majority government, according to Sanjiv Bajaj, the Chair and Managing Director of Bajaj Finserv. Speaking at the World Economic Forum annual meeting on Monday, Bajaj expressed optimism about the future of FDI in India.

Economics 96

Economics Investments 96

CFO News

MARCH 18, 2024

Pernod Ricard India, led by CFO Richa Singh, strategically expands in the alcohol-beverage sector. Singh emphasizes growth amid challenges, citing market opportunities and potential benefits from the UK trade agreement.

CFO 105

CFO Marketing 105

CFO News

NOVEMBER 19, 2023

India's economy has surpassed the $4 trillion-mark in nominal terms for the first time ever, marking a significant moment in the country's global presence. Billionaire Gautam Adani also congratulated India, predicting that it will become the third largest economy in the world within the next two years.

Leadership 98

Leadership 98

CFO News

MARCH 17, 2024

India Inc Pay Hikes: One in every three organisations in the country plans to provide double-digit increments this year.

Planning 105

Planning 105

CFO News

APRIL 23, 2024

Labour and employment secretary Sunita Dawra called senior ILO officials and conveyed the government's displeasure over the India Employment Report 2024, prepared by the Institute for Human Development in collaboration with a multilateral organisation, people familiar with the development told ET.

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CFO News

JANUARY 4, 2024

India's service sector ended 2023 on a resounding high, with the HSBC India Services PMI survey revealing a remarkable rebound in growth, marked by a surge in output and robust new business, buoyed by positive economic conditions and global demand.

Economics 105

Economics 105

CFO News

NOVEMBER 28, 2023

S&P Global Ratings forecasts India's GDP to reach 7% by 2026, surpassing China's expected 4.6% The report, titled 'China Slows India Grows,' envisions a shift in Asia-Pacific's growth engine from China to South and Southeast Asia. in 2024, India's to expand at 6.4% S&P projects China's GDP to slow to 4.6%

Forecasting 64

Forecasting 64

CFO News

APRIL 10, 2024

IIHL - the Mauritius-based investment company of the mobility-to-chemicals conglomerate that owns IndusInd Bank and Anil Ambani-promoted Reliance Capital, which it bought recently in a bankruptcy resolution - has valued Invesco Asset Management India at Rs 2,100-2,500 crore.

Planning 52

Planning Investments Banking 52

CFO News

NOVEMBER 3, 2023

The combined entity, termed 'Project HImalaya' internally, will invest aggressively in scaling up the India advisory practice and growing client servicing capabilities in India. Notably, the tax and audit practice—managed through affiliate BSR & Co— will likely remain separate, although this detail is still under discussion.

Auditing 97

Auditing Practice Management Investments 97

CFO News

FEBRUARY 19, 2024

Goyal hailed Prime Minister Narendra Modi’s relentless pursuit of twin tracks - strengthening the macroeconomic fundamentals of India to prepare the country for the future and focus on the welfare of the poor pertaining to food, healthcare and education.

Healthcare 97

Healthcare Education 97

CFO News

MARCH 11, 2024

In the finance sector, Preeti Gupta Mohanty, CFO of Schneider Electric Greater India, sheds light on the significant challenges facing women, urging immediate action for gender equality and outlining strategic initiatives for advancement.

CFO 105

CFO Finance 105

CFO News

NOVEMBER 24, 2023

India managing partner Bharat Dhawan says after the combination with US firm Forvis, Mazars overall would become a global network of about $5 billion in revenue, resulting in significant revenue for Mazars India.

Accounting Firms 105

Accounting Firms Accounting 105

CFO News

NOVEMBER 20, 2023

Prahu brings extensive financial leadership experience, having served as CFO for Deutsche Bank in India, overseeing financial reporting, business and infrastructure finance, ALM, tax, transformation, and financial planning. His background includes prior roles with Credit Agricole CIB and Arthur Andersen.

CFO 104

CFO Banking Leadership Financial Reporting 104

CFO News

NOVEMBER 30, 2023

India's GDP growth for the April-June quarter reached 7.8 per cent.

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CFO News

APRIL 9, 2024

India aims to triple its domestic steel production capacity to 500 million tonnes per year by 2047 while reducing emission intensity to 2.25 These targets surpass the goals outlined in India's Nationally Determined Contributions (NDCs) for the steel sector.

Planning 52

Planning 52

CFO News

MARCH 13, 2024

The Reserve Bank of India (RBI) has imposed penalties on Bank of India and Bandhan Bank for non-compliance with regulatory norms. Bank of India was penalized for non-compliance with 'interest rate on deposits', 'customer service in banks', 'interest rate on advances', and contravention of Credit Information Companies Rules, 2006.

Banking 52

Banking Compliance 52