CFO News
APRIL 9, 2023
Last week, the RBI put a halt to its continuous rate hike that started last year in May. The central bank has so far increased the repo rate by a total of record 250 bps since May 2022 to tackle surging inflation which still remains beyond its tolerance level of 6%.
Future CFO
APRIL 9, 2023
The global economic outlook took a positive turn in the first half of 2023 as inflationary pressure began to ease, said KPMG recently when unveiling its latest forecast. However, ongoing geopolitical tensions and domestic challenges in key markets are slowing a return to sustained growth, the firm pointed out. According to KPMG’s latest Global Economic Outlook report, global energy prices returning to levels last seen prior to the invasion of Ukraine, combined with easing commodity and food pric
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CFO News
APRIL 9, 2023
During her week-long trip, she will be hosting the second G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under India's G20 Presidency and G20-related side events. the finance ministry said in a statement on Saturday. Besides, she will have bilateral meetings, a few investor sessions and other associated meetings during the April 10 to April 16 trip to Washington DC.
Future CFO
APRIL 9, 2023
Countries around the world are moving forward with implementation of BEPS 2.0 global minimum taxes. This is complicated for global tax functions as they ensure compliance in all jurisdictions, including the calculation of top-up taxes where needed. The impact of BEPS 2.0 on incentives is another area. Getting the right data is key to success in this area.
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
APRIL 9, 2023
Canadian investor Brookfield has agreed to invest $1bn in Avaada Ventures to support green ammonia plans and scale up renewable energy, in what would be the largest investment by a clean energy company in one go. Vineet Mittal, founder of the Avaada group, signed a formal agreement with Brookfield, with the first tranche of $400m already disbursed. The remaining $600m will be disbursed based on performance-linked milestones.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO News
APRIL 9, 2023
Officials aware of the details said while most telecom products attract 20% customs duty, there are some nil duty items and several in the 10% category. "In absence of clarity around identification, many telecom products were being imported at lower duty, resulting in an estimated ₹500-1,000 crore losses for the central exchequer," an official told ET.
CFO News
APRIL 9, 2023
The volumes were tepid in January, but with flu, Covid-19 and other viral infections spreading fast, February and March saw spikes in volumes of anti-infectives, respiratory and pain medicines, AWACS said in its report.
CFO News
APRIL 9, 2023
While bank loans rose 14.6 percent in FY'23, deposits rose just 9.6 percent. Credit growth in the last fiscal is the highest since FY'2011-12 during which credit rose 17 percent. Significantly, lending rates rose the steepest in FY'23.
CFO News
APRIL 9, 2023
National Asset Reconstruction Co Ltd (NARCL) aims to acquire ₹30,000 crore of Srei Equipment Finance and Srei Infrastructure Finance loans this fiscal year, despite missing its target of acquiring loans worth ₹50,000 crore in FY23. In FY24, the bad bank will also acquire ₹600 crore offered to Rolta India’s secured lenders for their admitted claims of ₹7,086 crore.
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CFO News
APRIL 9, 2023
Reliance had held discussions to acquire a majority stake in Kali Aerated Water Works before it bought Campa in August last year. Bovonto is one of the largest cola brands in the southern markets, and competes aggressively with multinational brands Coke and Pepsi.
CFO News
APRIL 9, 2023
The Mauritius Revenue Authority (MRA) has launched a probe into the finances of at least seven investment managers (IMs) who advise funds on stocks in markets such as India. The MRA is said to be questioning the fees earned by the IMs and the extent to which income is transferred to entities in other countries. Mauritius previously attracted foreign investors thanks to its affordable fees and business-friendly laws.
CFO News
APRIL 9, 2023
Several significant deals were finalised in the office and residential segments recently, including the Embassy Group's successful ₹1,469 crore funding for office assets from Bain Capital and Embassy REIT's purchase of assets worth ₹408 crore from Embassy Sponsor. Realty developer M3M secured a ₹1,809-crore debt facility from alternative investment firm PAG Credit & Markets for residential development.
CFO News
APRIL 9, 2023
"Blockchain technology will make it easy to access and analyse large amounts of data quickly and accurately; it will be easier for government agencies to ensure 100 percent tax compliance," says Nidhi Choudhari, Joint Commissioner, GST, Government of Maharashtra.
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
APRIL 9, 2023
The company owns large and small format stores under the Big Bazaar Brand. The company also has a 100% subsidiary which runs nearly 100 stores under the WH Smith brand. The shares of the subsidiary could be available for a buyer to purchase. The company also owns the Foodhall brand of stores though the stores under the brand number under ten currently.
CFO News
APRIL 9, 2023
Indian authorities stalled trade negotiations with the UK for trade facilitations, accusing Britain of failing to condemn a Sikh extremist group that attacked the Indian high commission in London last month, British daily The Times reported. India had registered a strong protest with the UK government and the issue was also raised in the House of Commons.
CFO News
APRIL 9, 2023
KGK Realty (India) has been granted permission by India's bankruptcy court to acquire Anudan Properties after the Committee of Creditors approved its resolution plan.
CFO News
APRIL 9, 2023
Nexus Select Trust has a portfolio of 17 operational shopping malls across 14 major cities in India, covering 10 million sq ft of retail space.
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
APRIL 9, 2023
Venture funding to startups drops 20% to $2b in Jan-March amid macro changes, slowdown
CFO News
APRIL 9, 2023
India is looking to establish a single trade body named 'Trade India' to promote exports and replace the multiple export promotion councils. Deliberations have already begun to finalize the structure and function of the proposed centralized body that is expected to bridge the gap between the government and the industry and work on a comprehensive roadmap to achieve exports of $2tn by 2030.
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