CFO News
JUNE 15, 2025
The CBDT has initiated investigations into "high-risk persons" suspected of tax evasion and money laundering through cryptocurrency investments. These individuals allegedly violated Income-tax Act provisions by not reporting VDA transactions or paying taxes. The income tax department has sent emails to thousands of individuals, urging them to review and update their returns concerning VDA transactions.
The Big Picture
JUNE 15, 2025
I brought the electric 9/11 to the Locust Valley Cars & Coffee last week. It’s not overstating it to say she was the star of the show (see photo above). I stayed about 2 hours (until it began to rain) and answered endless questions about the conversion process, drive experience, etc. It reminded me it’s been a while since I’ve done an update, so here are some thoughts for those who are interested.
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CFO News
JUNE 15, 2025
Sebi is considering allowing startup founders to retain ESOPs post-IPO, addressing concerns about dilution and aligning founder incentives with stakeholders. The regulator is also mulling a one-year cooling-off period for ESOP grants before IPOs to prevent misuse. Additionally, Sebi may permit voluntary delisting of PSUs with over 90% government stake, acknowledging their thin public float and potentially inflated market prices.
The Big Picture
JUNE 15, 2025
My Sunday morning look at incompetency, corruption and policy failures: • Moody’s Sounds Alarm on Private Funds for Individuals : Chasing retail money could pose risks to investors, private funds and financial system, Moody’s says. ( Wall Street Journal ) • Bitcoin Goes All In on MAGA, Shedding Its Antigovernment Slant : Despite wins under Trump, some crypto factions are wary of politicizing industry; Las Vegas extravaganza becomes ‘a right-wing rally’. ( Wall Street Journal ) see also What Wor
Speaker: Jason Chester, Director, Product Management
In today’s manufacturing landscape, staying competitive means moving beyond reactive quality checks and toward real-time, data-driven process control. But what does true manufacturing process optimization look like—and why is it more urgent now than ever? Join Jason Chester in this new, thought-provoking session on how modern manufacturers are rethinking quality operations from the ground up.
CFO News
JUNE 15, 2025
While other details, if any, in the NFRA communique are not known, the sources confirmed said the government agency would scan the dossier of working papers and evidence that support the audit exercise and corroborate the bank's claims on its financials. "First, the audit file will tell the scope of work - i.e., whether the auditor was responsible for the derivatives accounts.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO News
JUNE 15, 2025
NCLT Insolvency: The National Company Law Tribunal (NCLT) has admitted insolvency petitions against Gensol Engineering Ltd and its EV arm, Gensol EV Lease, due to a significant financial default amounting to ₹728 crore, as filed by the Indian Renewable Energy Development Agency (Ireda).
CFO News
JUNE 15, 2025
If you are confused by personal finance terms, jargon and calculations, here’s +a series to simplify and deconstruct these for you. In the 55th part of this series, Riju Mehta explains the meaning of stances adopted by the RBI’s monetary policy committee at its bi-monthly meet.
CFO News
JUNE 15, 2025
In May, Sebi's SCORES platform addressed 4,493 investor grievances while receiving 4,793 new complaints, leaving 4,563 unresolved by month's end. Entities averaged eight days to submit Action Taken Reports, and First Level Reviews took five days. Smartowner Capital Growth Trust is the sole entity with an investor complaint pending for over three months on SCORES.
CFO News
JUNE 15, 2025
The Comptroller and Auditor General of India (CAG) is establishing a dedicated unit to audit approximately 1,600 state public sector undertakings (PSUs), aiming to expedite the audit process and enhance efficiency. This initiative mirrors the existing structure for central PSUs, enabling better information consolidation and stakeholder comparison.
Speaker: Gerald Ratigan
The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.
CFO News
JUNE 15, 2025
Indian tax authorities face growing revenue losses as AI firms generate income from Indian developers without a physical presence, bypassing tax obligations. The current tax framework struggles with emerging software business models, renewing discussions on 'nexus' and the taxation of cross-border digital services. India is actively involved in UN efforts to develop a new framework for taxing digital services.
CFO News
JUNE 15, 2025
New data reveals a gender disparity in Indian unicorn leadership. Women hold only 10% of C-suite roles. Technology and executive positions show the biggest gap. Women are mostly in HR, while men dominate CEO, CTO, and CFO roles. Female representation increases with age, suggesting a longer path to leadership. The startup ecosystem, despite its progressive image, reflects this imbalance.
CFO News
JUNE 15, 2025
Indian capital markets are maturing, prompting digital-first companies to "reverse flip" back to India, encouraged by regulatory improvements and a broader investor base. Approximately 40 India-listed tech companies are valued at $90 billion. Reforms by SEBI and sophisticated digital infrastructure like UPI and Aadhaar are key drivers.
CFO News
JUNE 15, 2025
The Indian Rupee is expected to decline further. This is due to worries about the Israel-Iran conflict. It may push oil prices higher. The Reserve Bank of India is likely to intervene. This could limit the rupee's fall. Traders are closely watching the situation. Central bank policy decisions are also in focus. The U.S.
Speaker: Sean Yoder
Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.
CFO News
JUNE 15, 2025
India's economy continues to demonstrate resilience amid global uncertainties, as country's real GDP grew by 7.4 per cent in the fourth quarter of FY25, bringing full-year growth to 6.5 per cent, surpassing expectations, according to the recent report by CareEdge Economic Pathways report.
CFO News
JUNE 15, 2025
Some like Deloitte are taking it a notch higher by tracking employee fitness as part of the performance management system. Others, like natural resources and technology conglomerate Vedanta, are introducing digital fitness tracking on a voluntary basis for employees.
CFO News
JUNE 15, 2025
Prime Minister Narendra Modi, during the India-Cyprus business roundtable, asserted India's trajectory to become the world's third-largest economy, highlighting tax reforms and ease of doing business initiatives. President Christodoulides hailed Modi's visit as historic, marking a new phase in their strategic partnership.
CFO News
JUNE 15, 2025
UltraTech currently owns about 82 per cent of India Cements, and the rules mandate that listed companies must have at least 25 per cent of their shares owned by the public.
Speaker: Joe Wroblewski, Sales Engineer Manager
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
CFO News
JUNE 15, 2025
Despite Iranian ballistic missile attacks targeting Haifa port and a nearby oil refinery in Israel, the Adani Group-operated Haifa port remained unscathed, with cargo operations proceeding normally. While some projectiles impacted the oil refinery and shrapnel fell near the port, there were no reported injuries or disruptions to Adani's operations. Haifa port handles a significant portion of Israel's imports.
CFO News
JUNE 15, 2025
Snabbit, Battery Smart, Nawgati, Better Nutrition, Snitch, Univest, Ekincare, Fleetx and Vetic are among those hiring for leadership positions, said founders and executive search firms.
CFO News
JUNE 15, 2025
Kant, a retired 1980-batch Indian Administrative Service (IAS) officer of the Kerala cadre, was appointed as India's G20 Sherpa in July 2022, months before India assumed the G20 Presidency.
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