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GDP shows investment green shoots

CFO News

Key sectors like trade, hotels, transport, and communication saw growth of 9.2%, while real estate and finance rose by 12.2%. Nominal GDP grew by 8.0% compared to 27.7% in the first quarter of FY23. Agriculture and electricity sectors grew by 3.5% and 2.9%, respectively.

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B2B Payment Network PayCargo Lands $35M Investment

PYMNTS

Supply chain industry payments network PayCargo has landed an Insight Partners-led $35 million investment, according to a Tuesday (Sept. The company will harness the funds to grow international adoption of its digital payments network and speed up investments in its technology, according to the announcement. 29) announcement.

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Paytm Backs Travel Software Firm Infinity With Estimated $1.4M

PYMNTS

Paytm parent company One97 Communications has made a strategic investment in the travel software provider Infinity Transoft Solutions, Times of India reported Tuesday (Dec. It also handles ticketing for state-run road transport corporations in Andhra Pradesh, Telangana, Gujarat, Uttar Pradesh, Maharashtra and others.

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Uber Brings $150M To SK Telecom Mobility Platform, Joint Venture In Korea

PYMNTS

“In addition, the Unit provides other mobility services such as T Map Auto, T Map Public Transportation and T Map Parking, all of which will be continued by T Map Mobility.”. Uber is expected to invest $50 million in the operation, according to the news release.

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Car Commerce Tracker: Integration, Investment

PYMNTS

This time around, an Alexa integration, a new partnership leveraging telematic capabilities and a major manufacturing investment by BMW are all working to connect and evolve the automotive space. BMW iVentures recently invested in Burlington-based Desktop Metal, a startup working to incorporate metal 3D printing into manufacturing.

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5G Network Rollout Delayed In China, Flights Canceled Due To Coronavirus

PYMNTS

The coronavirus has far-reaching impacts that extend beyond health, with a wide range of economic effects in sectors ranging from transportation to telecom and retail. In early February, President Xi Jinping said 5G investment could potentially mitigate the drop in consumer spending due to the virus.

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CFOs must account for inflation-related uncertainties in annual budget

Future CFO

“CFOs will need to account for the higher level of uncertainty as they set budgets that drive investment, compensation and annual guidance shared with investors,” Keenan advised. In addition, CFOs should incorporate expert-vetted price assumptions into their forecasting processes.