Sun.Jan 19, 2025

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Female Leadership in Finance: Ong Hui Giap from Coface

Future CFO

Editors note: Don't act to prove yourself to others, said Ong Hui Giap, Chief Financial Officer (South East Asia & India Region), Coface. In todays Female Leadership in Finance interview, Ong shares with us her advice for aspiring female finance professionals, the challenges facing her as a finance leader, and how hiking inspires her life and career.

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For me, this week’s 10-year TIPS auction is a ‘must buy’

Tips Watch

Others may want to wait and watch for higher real yields. By David Enna, Tipswatch.com I picked up the December issue of Kiplinger Personal Finance from my nightstand last week and began paging through. And chuckling. Why?

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How Can AI Help Financial Planning?

The Finance Weekly

Artificial intelligence (AI) is changing financial planning and how industries operate. According to NVIDIA, 91% of financial companies are already using or testing AI. AI automates tasks such as data entry and modeling, enabling finance teams to focus on analysis and strategy. This helps businesses allocate resources efficiently and plan for long-term growth.

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Infosys, HCLTech report hiring growth in Q3; TCS, Wipro see decline

CFO News

Are Indias top IT firms navigating a hiring slowdown or gearing up for growth? While Q3FY25 saw mixed trends, key players like TCS, Infosys, and Wipro reveal cautious optimism for the future.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

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

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: Shein: Inside the Chinese factories fuelling the company’s success : We found that the beating heart of this empire is a workforce sitting behind sewing machines for around 75 hours a week in contravention of Chinese labour laws. These hours are not unusual in Guangzhou, an industrial hub for rural workers in search of a higher income; or in China, which has long been the world’s unrivalled fact

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Adani Group appoints two top US law firms to fight SEC charges

CFO News

US law firms Kirkland & Ellis and Quinn Emanuel are representing the Adani Group against SEC and Eastern District of New York allegations involving $250 million bribes linked to securing solar energy contracts. Although AGEL founder Gautam Adani and two others stated they are not charged with US FCPA violations, the complex case continues in US court.

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NCLT orders liquidation of Go First Airways

CFO News

NCLT has ordered the liquidation of Go First Airways following a request from the Committee of Creditors, with judicial and technical members presiding over the decision. Despite lessors' legal challenges and a clarified exemption from the Ministry of Corporate Affairs, the fleet's deregistration and liquidation were finalized by 2024.

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Tata Tele, MTNL shares zoom 12% as government weighs AGR dues waiver

CFO News

Shares of Tata Teleservices and MTNL surged up to 12% amid reports that the government may announce partial AGR dues relief in the February 1 Budget. The proposal could waive 50% of interest and 100% of penalties, offering financial relief of over Rs 1 lakh crore to telecom companies.

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Veritas Finance files draft papers with Sebi to mobilise Rs 2,800-cr via IPO

CFO News

Veritas Finance Ltd has filed for an IPO to raise Rs 2,800 crore, including a Rs 600 crore fresh issue and a Rs 2,200 crore Offer-for-Sale by existing shareholders. The funds will enhance their capital base and support future business expansion. The IPO may include a pre-IPO placement to raise up to Rs 120 crore.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Walmart announces pilots with Indian Startups to help enhance supply chain resilience

CFO News

The pilot programs will test solutions that augment the availability of better and more fresh products for Walmarts consumers in the U.S. and around the world, reduce product waste, and create sustainable alternatives for intermediate products used in manufacturing processes such as synthetic textile dyes to reduce environmental impact.

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Finance minister Nirmala Sitharaman set to introduce bill for new direct tax law in the budget session

CFO News

Sitharaman, who announced the move in the July Budget, is expected to mention the legislation in her speech on Feb 1, although it is yet to be decided if the bill will be tabled in the first half or the second half of the session.

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Forex intervention gains outweigh costs: RBI study

CFO News

RBI's recent bulletin emphasizes the importance of foreign exchange interventions for emerging markets like India. These actions help stabilize capital flow volatility, with RBI moderating currency swings through both purchases and sales. This strategy aims to manage volatility and prevent financial risks, as highlighted by Michael Patra and co-authors.

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How the Budget can make India's 63 million small businesses contribute to a higher GDP growth

CFO News

The MSME sector has the potential to contribute 40% to GDP by 2030 with the right investments and reforms. Factoring in this key segment in Budget 2025 policy measures will be the need of the hour.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Gobind Jain resigns as IndusInd Bank CFO, deputy CEO to take charge

CFO News

IndusInd Bank's CFO Gobind Jain resigned to pursue other professional opportunities, effective January 20, with Arun Khurana, the current executive director and deputy CEO, set to assume additional responsibilities as CFO from January 21. The bank also faces a Rs 7.08 crore penalty for GST issues and plans to appeal the decision.

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I don't think 90 hours is possible: BharatPe CEO as he says work quality matters

CFO News

BharatPe CEO Nalin Negi stresses quality of work over 90-hour workweek, emphasizing a comfortable and enabling workplace. While discussing work-life balance, he notes BharatPe's employee-friendly approach. The debate is sparked by L&T Chairman's suggestion and public figures voice concerns on extreme work hours with some supporting hustle culture.

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Bending the hiring law: Legal firms tap diverse talent as industry evolves

CFO News

India's law firms are increasingly hiring experts from diverse, non-legal backgrounds to address the complexities of modern business and regulatory environments. With rising legal expenses and a focus on areas such as technology, ESG compliance and cybercrime, multidisciplinary expertise is becoming essential.

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Burmans' Religare open offer to acquire additional 26% stake to start on Jan 27

CFO News

Burman family's open offer to acquire 26% additional stake in Religare Enterprises Ltd begins on January 27. The offer targets 9 crore shares, closing on February 7. Burmans currently hold a 25.12% stake. Announced in September 2023, the Rs 2,116-crore bid faced opposition from REL independent directors citing fraud allegations.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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Budget 2025: India looks to bring more women into workforce

CFO News

India plans to introduce incentives and measures to boost female labour force participation, potentially outlined in the February 1 budget by FM Nirmala Sitharaman. Measures include flexible work arrangements and better infrastructure support. A task force will submit its report to guide this initiative, aiming for gender parity in the workforce and enhanced GDP contribution.

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Budget should focus on capex, infra spending, says RBI MPC member

CFO News

The eminent economist noted that sustaining infrastructure expenditure and building it further would be very helpful for creating a much more robust trajectory of economic growth for India.

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RBI sold $20bn forex in Nov, 'room to sell $138bn more'

CFO News

Even as market participants try to gauge the level at which RBI would decide to hold back from depleting its reserves and look at other strategies, foreign brokerage Nomura sees headroom for another $138-billion worth sales.

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Pepsi, Tatas look to spice up snacks market

CFO News

PepsiCo and Tata Consumer Products have teamed up to develop and sell packaged snacks, integrating PepsiCo's Kurkure brand with Tata's Ching's Secret. This collaboration aims to compete in the fiercely growing Indian snacks market, which is projected to reach 95,521.8 crore by 2032.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Budget 2025: Textiles allocation for FY26 may rise 15% to Rs 5,080 crore

CFO News

The textiles ministry in New Delhi is expected to receive a 15% increase in allocation for FY26, reaching around 5,080 crore, with a significant rise in budgetary funds for the Production Linked Incentive (PLI) scheme. The government aims to expand domestic manufacturing and generate significant growth in textiles exports by 2047.

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Hindenburg’s Nate Anderson faces scrutiny over alleged links with hedge funds

CFO News

Nate Anderson, head of the now-closed Hindenburg Research, faces scrutiny for alleged ties with hedge funds in preparing bearish reports, raising possible securities fraud concerns. Court filings suggest collaboration with Anson hedge fund influenced Hindenburg's reports. Anderson announced Hindenburg's shutdown, following its impactful reports on entities like Adani Group, sparking financial and political repercussions.

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Union Budget should help in safeguarding India’s trade interests as Trump returns

CFO News

India Budget: The Union Budget for FY26 will likely aim to strengthen trade relations with the USA, with a focus on reducing tariffs on US imports. This move comes as part of India's strategy to boost exports of high-value goods and services, crucial for maintaining trade balance with major markets amid potential global trade conflicts.

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Eyes on defence deals as Donald Trump pads up

CFO News

With Trump taking over as US President, the focus is on Indo-US defence ties, including fighter jet engines' local production and technology transfer. Challenges include price hikes and closing deals within three months. Major acquisitions like 114 medium-role fighter jets and 80 transport aircraft are also in the pipeline, with significant US interest.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.