Sun.Feb 25, 2024

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RBI extends Interest Equalisation Scheme for Export Credit Until June 30

CFO News

The decision to extend the scheme comes after the Union Cabinet approved an additional allocation of Rs 2,500 crore in December, ensuring the continuation of the interest equalisation subsidy scheme on pre- and post-shipment rupee export credit until the end of June.

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977: Unlocking Rep Performance for Sales Success in Tech | David Freeman, CFO, Starburst

CFO Thought Leader

Joining Intel Corp. in 1999 as a recent college graduate, David Freeman began his finance career as part of the tech giant’s plus-size finance team that supported various business groups. Looking back, Freeman finds that few aspects of the tech giant’s business were more influential in shaping his early career years than the company’s direct and “confrontational” culture. “They expected excellence,” he recalls. “They expected details, and they expected you to know your business

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Trending Sources

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Paytm issue may be reviewed, scrutiny on Byju's progressing well: ICAI

CFO News

Institute of Chartered Accountants of India President Ranjeet Kumar Agarwal on Sunday said its financial reporting review board (FRRB) may deliberate on issues of the fintech firm in the near future.

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Workday: How CFOs can make agile budgeting successful

Future CFO

Editor’s note: Have you already adopted agile budgeting? Pannie Sia (pictured), general manager, ASEAN, Workda y explains what it is, how it’s different from traditional budgeting, the benefits it brings, and how CFOs can make agile budgeting effective and successful. Pannie Sia, general manager, ASEAN, Workday FutureCFO: What’s agile budgeting? Pannie Sia (PS): In today’s ever-evolving world, how quickly organisations are able to adapt can often determine how likely they are to succeed.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Qualcomm set to double India investments: Executive

CFO News

"Qualcomm spends what AMD is going to spend in the next four or five years in four months. We spend in eight months what Micron is going to do over the decade," Soin said. "The scale of Qualcomm's commitment into India is massive.

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ETtech Explainer: What to know about Byju’s boardroom battle and shareholder resolutions

CFO News

A majority of investors in Byju’s parent Think & Learn unanimously voted to remove founder Byju Raveendran as CEO and revamp the board, which includes wife and cofounder Divya Gokulnath and brother Riju Ravindran. Here's a look inside the boardroom battle, the shareholder resolutions at the meeting and what comes next.

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4 Cash Flow Issues to Monitor in 2024

The Finance Weekly

Effectively handling how money moves in and out of a business is crucial for keeping it going strong. It affects how much money the business makes, how flexible it can be, and how healthy its finances are overall. Looking ahead to 2024, it's clear that many businesses face challenges in their early stages because they struggle to handle their cash flow issues.

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Exclusive | Upstarts are everywhere, we have to be constantly on our toes in India: Uber CEO Dara Khosrowshahi

CFO News

Dara Khosrowshahi took over as the CEO of Uber Technologies in 2017, when the mobility firm was in its most controversial period. The Iran-born executive, who replaced founder Travis Kalanick, is now being called tech’s newest turnaround chief. In an interview with ET’s Pranav Mukul, Samidha Sharma and Surabhi Agarwal, Khosrowshahi spoke about the company’s focus on only mobility, profitability and electric vehicle push.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Google reneged on the monopolistic bargain : A funny thing happened on the way to the enshittocene: Google – which astonished the world when it reinvented search, blowing Altavista and Yahoo out of the water with a search tool that seemed magic – suddenly turned into a pile of s**t.

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Planning Your Restaurant's Path to Profitability

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.

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Poorest Indians see spending grow at a faster clip

CFO News

The Household Consumption Expenditure Survey (HCES) 2022-23 reveals that per-capita spending for India's poorest households has grown faster, narrowing the spending inequality gap. Discretionary items now account for a larger share of household spending, indicating a reduction in poverty.

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Accenture spots about 10% revenue upswing via GenAI

CFO News

In an exclusive interview with ET, Senthil Ramani, global lead – data and AI at Accenture, said the company's clients across key sectors, including banking and insurance, consumer goods, retail and software and platforms, are betting on potential increase in revenues through integration with generative AI.

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Centre may junk special IBC framework plan for real estate

CFO News

After extensive deliberations, the government now reckons that such sector-specific mechanisms within the IBC could dilute the very essence of the bankruptcy law and prove to be counter-productive, they told ET. It is expected to amend the IBC after the general election in April-May. Some flexibilities, however, could be built into regulations from time to time to facilitate easier resolution in real estate, one of the persons said.

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No foreign remittances licence, no Fema violation: Paytm to ED

CFO News

Paytm Payments Bank has denied Fema violation as it lacks licence for foreign remittances, said sources to ET. ED has written to RBI. The federal agency recently obtained the "additional" data requested from RBI regarding entities allegedly involved in Fema violations through Paytm Payments bank. However, upon reviewing the data provided by the RBI, the agency has not found any apparent Fema violations by Paytm Payments Bank, according to the sources.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

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

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Mahindra Holidays to invest up to Rs 4,500 cr for doubling room capacity to 10,000

CFO News

The company is actively pursuing partnerships with state governments besides setting up new resorts, brownfield expansion and acquisitions to achieve the target to increase room count from 5,000 to 10,000 by FY30. "We have all the strategies on the table to get from 5,000 to 10,000 rooms. We are well on our way there," Singh told PTI.

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Brookfield, GIC, Alpha Wave eye Blackstone company PGP Glass

CFO News

The buyout funds are competing with PAG and Apollo Global Management who are still believed to in the fray but not that aggressive as the top three. Alpha Wave -- previously Falcon Edge Capital, has so far been a big backer of Indian start-ups like Lenskart, Off Business, Cred, DailyHunt, Cars 24, Dream 11 as well as global marque brands and ventures like Aman Resorts, Didi, Space X, Ant and Alibaba Group.

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PV industry growth likely to moderate to less than 5% in FY25: Tata Motors

CFO News

Tata Motors expects domestic passenger vehicle industry growth to moderate to <5% in the next fiscal, but remains optimistic about electric vehicle sales. They plan to focus on micro markets, expand the exclusive sales network, and introduce new electric vehicles. Challenges include EV charging infrastructure growth and commodity price monitoring.

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GST Council may soon clarify tax exemption to RERA

CFO News

The GST Council is expected to clarify that Real Estate Regulatory Authority (RERA) will not be subject to Goods and Services Tax (GST), as it falls under Article 243G of the Constitution pertaining to the powers and responsibilities of panchayats. RERA functions as a regulator and facilitator for the real estate sector, ensuring transparency, consumer protection, and dispute resolution.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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RIL plans to spend Rs 5,000 crore on Compressed Biogas Plants (CBG)

CFO News

Reliance Industries Ltd (RIL) plans to set up over 50 compressed biogas (CBG) plants in the next two years. CBG is a green fuel similar to CNG. RIL aims to reduce carbon emissions, produce organic manure, and retail CBG and bio-CNG at Jio-BP outlets.

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Nokia restructuring its India operations, eliminating key jobs of CFO, CTO, legal affairs head

CFO News

The rejigs and job cuts—in line with global restructuring at the telecom equipment maker—come amid a weak India business environment in the face of reducing 5G capex spends by top telcos Bharti Airtel and Reliance Jio as well as major customer Vodafone Idea’s continuing financial struggles.

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Workforce attrition in restaurant sector at three-year high amid expansion

CFO News

Investment and funding have picked up in recent months, with new local entrants and global chains driven by India’s young population, among other factors, adding to new work opportunities and hence, faster churn, as workers are switching jobs even for modest package increases.

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Startup recruiters find few takers amid overall hiring slowdown

CFO News

In a harsh funding environment, where hiring has plummeted as startups focus on profitability, many recruiters/talent acquisition professionals have either been let go as part of cost-cutting exercises or are looking out for options.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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Global markets chase Indian MICE biz as corporate travel bounces back

CFO News

Corporate travel is resuming in India, with overseas markets like Hong Kong, Moscow, Turkiye, Dubai, and more betting big on hosting meetings and conferences. Hong Kong sees traction from various sectors, while Moscow plans to directly reach out to Indian corporate clients. Dubai introduces a 5-year visa to boost travel, and Turkiye expects high MICE traveler numbers from India.

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Reliance, Disney may announce Star-Viacom18 merger this week

CFO News

According to another person, Reliance may own 61% of the proposed combined company, with Disney holding 33% and Bodhi Tree Systems having the remaining 6%.

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