CFO News
SEPTEMBER 24, 2023
The RBI has kept rates unchanged since raising the benchmark repo rate to 6.5% in February. Despite a slight decrease in CPI-based retail inflation in August, it remains above the RBI's target of 6%. Experts also highlight uncertainties surrounding crop production and anticipate the RBI's cautious approach amid a cloudy outlook for food inflation and elevated crude oil prices.
CFO Thought Leader
SEPTEMBER 24, 2023
It was late 2020 when Michelle Hook ended 17 years of fruitful career-building at Domino’s to accept a CFO appointment at fast casual restaurant chain Portillo’s. “The two things that I was looking for were to be passionate about a new brand and to feel a culture fit,” recalls Hook, who adds that she had long imagined someday leaving Domino’s to join a smaller company that she could help to grow.
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CFO News
SEPTEMBER 24, 2023
S&P Global Ratings has maintained its growth forecast for India at 6% for the current fiscal year. The agency cited factors such as the slowing global economy, the risk of subnormal monsoons, and the delayed impact of rate hikes. S&P also revised up its retail inflation forecast to 5.5% due to higher global oil prices.
Future CFO
SEPTEMBER 24, 2023
There are five generative AI use cases for CFOs, said Alexander Bant, vice president for the Gartner Finance practice recently. “When we look at some of the more publicised uses of generative AI, such as mimicking well-known authors, it might be hard to see how this can apply to a finance function,” he noted. “But an internally managed generative AI, as opposed to public-facing tools such as OpenAI’s ChatGPT and Google Bard, trained on corporate data has the potential to perform important tasks
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 News
SEPTEMBER 24, 2023
Mukesh Ambani, Asia's richest person and chairman of Reliance Industries, is expected to guide his children - Akash, Isha, and Anant Ambani - as they take on leadership roles in the company. This move is part of a succession plan to prevent disputes among the siblings. Additionally, it is believed that Reliance Industries may eventually transition into a holding company structure, which would provide clearer distinctions between divisions and enhance shareholder value.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO News
SEPTEMBER 24, 2023
The number of frontline jobs in India declined by 17.5% in the fiscal year 2022-23 due to macroeconomic challenges and an uncertain economic environment, according to a report by BetterPlace. The report revealed that 6.6 million frontline jobs were created in the last fiscal year, compared to 8 million in the previous year. The logistics and mobility sector replaced e-commerce as the highest employment industry for frontline workers, while the integrated facility management and IT sector witness
Future CFO
SEPTEMBER 24, 2023
The chief financial officer role in organisations has been evolving, with mid-size and small firms , including start-ups, now embracing the position as opposed to the traditional large and well-established companies. Manish Modani , CFO at RDC Concrete (India) , discusses what fuels the newfound appreciation for financial expertise hence the observed evolution to the CFO role.
CFO News
SEPTEMBER 24, 2023
In two recent cases, the ED has seized the office space and immovable properties of companies which had used regular banking channels to transfer funds abroad under ODI route.
Barry Ritholtz
SEPTEMBER 24, 2023
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Gen Z falls for online scams more than their boomer grandparents do : The generation that grew up with the internet isn’t invulnerable to becoming the victim of online hackers and scammers. ( Vox ) see also You’ve Got (Scam) Mail Is everyone being swindled all the time and just not talking about it?
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CFO News
SEPTEMBER 24, 2023
The cash was distributed as part of the ₹3,180 crore upfront payment promised by the bad bank in its winning bid and was credited to banks on Saturday, four people familiar with the details said.
CFO News
SEPTEMBER 24, 2023
The Indian finance ministry has stated that economic activities in the second quarter of this fiscal year are progressing well, following the momentum seen in the previous quarter. However, it has expressed concerns about the recent increase in global crude oil prices. The report also highlights the potential risks of a stock market correction and geopolitical developments on investment sentiment in the second half of the financial year.
CFO News
SEPTEMBER 24, 2023
The master restructuring agreement (MRA) was approved by a majority of lenders last week. This envisages a loan repayment schedule up to March 2038 and redemption of non-convertible debentures (NCDs) by March 2040.
CFO News
SEPTEMBER 24, 2023
Despite the high prices of gold, retail chains are experiencing an increase in jewelry purchases through deferred or monthly payment schemes. Tanishq, a jewelry retailer owned by the Tata Group, saw a 44% rise in purchases through its deposit scheme. Reliance Retail also reported an increase in purchases through such schemes. Even regional chains, like PNG Jewellers and Senco Gold, have seen significant growth in deposits.
Speaker: James Kahler, COO of Full Course
Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.
CFO News
SEPTEMBER 24, 2023
Analysts said due to strong management and aggressive strategies, private sector banks will continue to take market share from their public sector counterparts. They also believe private banks have strong subsidiaries in high-growth businesses like asset management, wealth management, and life and health insurance, where value will be unlocked in the coming years.
CFO News
SEPTEMBER 24, 2023
Fed Chair Jerome Powell made clear Wednesday the central bank is close to done raising interest rates, but his colleagues delivered the message that resonated: Borrowing costs must remain higher for longer amid renewed strength in the economy.
CFO News
SEPTEMBER 24, 2023
"We expect the new FDI policy for the space sector to be approved soon. For different space activities, foreign investment of 49% or 74% is likely to be permitted via the automatic route, and in most situations up to 100% through the government route will be permitted." Pawan Goenka, chairman, space industry regulator Indian National Space Promotion and Authorisation Centre (IN-SPACe), told ET.
CFO News
SEPTEMBER 24, 2023
"One of the things you can do is to go into areas with EV charging where you are not there with fuel stations because in fuel stations, as you know, you need to have supplies, you need to have depots and everything," Istvan Kapitany, Shell's global executive vice president for mobility, told ET in an interview.
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
SEPTEMBER 24, 2023
The company is currently participating in tenders for terminals in Goa, Haldia, Kandla, Ennore and Vizag, among others, and will be prioritising container, liquid and gas terminals as it looks to focus on connectivity and value addition for customers.
CFO News
SEPTEMBER 24, 2023
The details include proposals that would enable MDBs to harness private capital apart from stepping up their financial capacity, the group's co-chair NK Singh said. "We are going into greater granularity on how you really achieve this private capital what incentive, risk mitigation can you do," Singh, who is also chairman of the Fifteenth Finance Commission, told ET in an interview.
CFO News
SEPTEMBER 24, 2023
A couple of large US-based firms are at the forefront of the group of investors that made the review rescheduling demand as JP Morgan's decision last week threatens to reduce competitiveness of the Bloomberg Barclays Global Aggregate index, sources aware of the development told ET.
CFO News
SEPTEMBER 24, 2023
The company has for the first time made available the 'made-in-India' iPhones on the same day it started selling the devices in other parts of the globe.
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CFO News
SEPTEMBER 24, 2023
Startups In India: In competitive ecommerce, founders and execs directly connect with users for mkt insight
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