CFO News
NOVEMBER 5, 2023
The RBI in a draft directive has suggested an in-person hearing at the review stage, which is the last stage before classification. Lenders hope recovery will improve - at least among the small-ticket borrowers - if a dialogue is initiated at an early or the identification stage.
Tips Watch
NOVEMBER 5, 2023
I Bonds remain attractive, but when and why? By David Enna, Tipswatch.com The I Bond’s new fixed rate of 1.3% — the highest in 16+ years — and the resulting composite rate of 5.
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CFO News
NOVEMBER 5, 2023
Resident Indians can only invest in FPIs whose exposure to India is less than 50% while total subscription by non-resident Indians (NRI) cannot exceed 50% of a fund corpus.
The Reformed Broker
NOVEMBER 5, 2023
And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. These are the most read posts on the site this week, in case you missed it: . The post This Week on TRB appeared first on The Reformed Broker.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
CFO Thought Leader
NOVEMBER 5, 2023
Among family-owned restaurants groups, Hofman Hospitality Group (HHG) weathered the pandemic better than most. As it turned out, though, the 75-year-old company found itself obligated to evolve with the times, adding food trucks and ghost kitchens (detached kitchens serving pickup and delivery only)—not to mention a chief financial officer. And just who the southern California family enclave hired as its CFO perhaps says just as much about HHG as it does about its finance chief himself.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO News
NOVEMBER 5, 2023
"Adani Group will exit a few businesses to invest more deeply in core focus areas such as infrastructure," one executive said. "Plans to disinvest its stake in Adani Wilmar are on these lines," he said, adding that proceeds from the proposed sale are likely to be used for investments in other group businesses, and not to pare debt.
Future CFO
NOVEMBER 5, 2023
The Southeast Asian digital economy is flourishing despite global macroeconomic headwinds. The region’s gross merchandise value (GMV) continues an upward trajectory and is set to reach US$218 billion, growing 11% year-on-year (YoY), according to this year's e-Conomy SEA report - Reaching new heights: navigating the path to profitable growth by Google, Temasek and Bain & Company.
CFO News
NOVEMBER 5, 2023
The industry saw 24 CNG PV launches this fiscal as compared to 14 in FY 20. In the case of electric, there were 31 PV launches as compared to 7 models in FY20. Strong hybrids have also seen increased traction, with sales outpacing electric for the first time in last 2 months. Petrol model launches at 111 were lower by 21% and diesel at 54 down by 61%, according to Jato Dynamics.
Future CFO
NOVEMBER 5, 2023
Weighed down by a weakening global economy, Singapore’s economy is expected to grow at a moderate pace in 2023. Inflation has moderated from 6.1% in 2022, but is likely to remain elevated in the near term. The post Spotlight on Singapore 2023: Maintaining stability and navigating global uncertainty appeared first on FutureCFO.
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CFO News
NOVEMBER 5, 2023
India is currently the second largest location in terms of tech headcount outside the US for the multinational financial services firms, Michael Pizzi, managing director and head of US banks & technology at Morgan Stanley, told ET.
Barry Ritholtz
NOVEMBER 5, 2023
I don’t know anyone who will buy another Tesla. And I know a lot of people with Teslas, and they LOVE their Teslas! But they don’t like Elon Musk. If you’ve been following the news, it’s getting hard to sell electric cars. The Big 3, not so big anymore, are slowing development and production. Which is the exact wrong thing to do, because that will only put them further behind when the revolution comes, and it’s inevitable, and it will be gradual, then all at once.
CFO News
NOVEMBER 5, 2023
Mankind Pharma and Baidyanath Ayurveda are among the companies that have submitted expressions of interest (EoIs) to acquire 100% of government-owned Ayurveda company Indian Medicines Pharmaceutical Corporation (IMPCL), according to sources in the know.
Barry Ritholtz
NOVEMBER 5, 2023
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • What I saw when I watched videos of the Hamas attack : Sickening, all of it. And yet the film mainly reinforces what is already known about these atrocities and cannot be denied or minimized, at least not by any decent person. ( Washington Post ) see also A Record of Pure, Predatory Sadism : Officials in Israel screened footage of the Hamas attack for the press: “What we shared with you, you should know i
Speaker: James Kahler, COO of Full Course
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CFO News
NOVEMBER 5, 2023
From 6.15 million cumulative employees on the payroll of ET-500 companies at the end of FY19, the total number of employees rose to nearly 7.1 million at the end of FY23. While the cumulative revenues of ET-500 companies grew at a compound annual growth rate of 12.6% during these five years, the staff cost increased at a similar clip of 12.5%.
CFO News
NOVEMBER 5, 2023
The ministry of electronics and information technology on Sunday issued the order to block the operations of the Mahadev betting app, reddyannaofficial. in, and 20 other apps and websites. These apps were blocked on request from the enforcement directorate, the government said.
CFO News
NOVEMBER 5, 2023
Various steps such as inbound shipments of certain goods, production-linked incentive scheme and mandatory quality norms have helped in reducing import of non-essential products. To cut imports, the government has increased customs duty on gold, imposed curbs on inbound shipments of television, levied minimum import price on some goods, introduced National Food Security Mission (Oilseeds and Oil Palm) Scheme, and blending of ethanol in oil.
CFO News
NOVEMBER 5, 2023
The ministries of finance and commerce & industry have been in discussions on the DESH bill for more than a year. Partial de-notification of zones, sales to DTA, concessional corporate tax for them and removal of net foreign exchange earning requirement have been some of the sticky issues between the two ministries.
Speaker: Jamie Eagan
As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of
CFO News
NOVEMBER 5, 2023
NIM, the difference between the yield a bank earns on loans and that it pays on deposits, dropped to 3.43% for SBI but ICICI held on to its margins at 4.53%. Smaller banks like Federal Bank also saw a 14 basis points drop in NIM year on year to 3.16%.
CFO News
NOVEMBER 5, 2023
India growth outlook, India GDP: Fitch Ratings has raised India's medium-term potential growth estimate to 6.2%, attributing it to a swift recovery in labor force participation rates. However, Fitch has reduced the growth estimate for 10 emerging markets, including China, citing weaker employment and capital deepening prospects. Excluding China, the GDP-weighted average potential growth for EM9 improves to 3.
CFO News
NOVEMBER 5, 2023
Business diversification and revitalization is the right direction for Indian business. But industrial policy needs to be based on what makes sense, not what makes headlines.
CFO News
NOVEMBER 5, 2023
The capital expenditure by central public sector enterprises has already crossed 52% of their budget expenditure for the current financial year.
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