Sun.Feb 19, 2023

article thumbnail

A Green NPV

Corporate Finance

European low cost carrier Ryanair announced a new project that will install Split Scimitar winglets on each of the company's Boeing 737-800s. The installation is expected to reduce fuel consumption by 1.5 percent and reduce CO2 emissions by 165,000 tons per year. So, the project is green for the environment, but is it green for stock holders? A quick calculation shows that it is.

Numbers 130
article thumbnail

REITs, InvITs request govt to review tax on distribution through debt repayment

CFO News

As per the Securities & Exchange Board of India’s regulations, both REITs and InvITs are required to distribute their cash surplus up to certain limits on a quarterly basis. These distributions generally consist of interest, dividend, or repayment of debt.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Global remote hiring: Asia Pacific emerges as the fastest growing region

Future CFO

CFOs: Is global remote hiring part of your company's talent strategy? Asia Pacific emerges as the fastest growing region in terms of global remote hiring as businesses continue to seek quality talent to help drive organisational efficiencies and success in a recessionary climate, said HR platform Deel Lab recently. Findings from more than 260,000 worker contracts across 160 countries show that global hiring from January through December 2022 grew across all regions, although some regions saw a h

Numbers 52
article thumbnail

India Inc is doubling down on senior hires in compliance, risk & legal to stay on top of rulebooks

CFO News

Companies across the banking, financial services and insurance, and fintech sectors are ramping up their risk and compliance functions with senior-level hiring to guide them through a dynamic regulatory environment.

article thumbnail

Planning Your Restaurants 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.

article thumbnail

A Green NPV

Essentials of Corporate Finance

European low cost carrier Ryanair announced a new project that will install Split Scimitar winglets on each of the company's Boeing 737-800s. The installation is expected to reduce fuel consumption by 1.5 percent and reduce CO2 emissions by 165,000 tons per year. So, the project is green for the environment, but is it green for stock holders? A quick calculation shows that it is.

Numbers 52

More Trending

article thumbnail

What lies ahead for the global economy? 

Future CFO

The global economy is expected to slow down, but there are also signs of resilience. The post What lies ahead for the global economy? appeared first on FutureCFO.

article thumbnail

Rapid growth by China & India may not be enough to support global economy: Nouriel Roubini

CFO News

"There are concerns about stagflation, both in the short run and over the medium term. In the short run, there are three negative aggregate supply shocks: Covid-19, Russia's invasion of Ukraine and the Zero Covid policy of China. These led to supply-chain bottlenecks and resulted in a rise in inflation and a weakness of economic activity," Roubini said.

article thumbnail

10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The people who kill the truth: From a small office building, a group of Israelis is spreading global disruption : The Israelis destabilizing democracy and disrupting elections worldwide. No morals, no qualms, no borders: Tal Hanan and Team Jorge have turned chaos into business ( Haaretz ) see also Revealed: the hacking and disinformation team meddling in elections : ‘Team Jorge’ unit exposed by undercover

Math 109
article thumbnail

RIL, NTPC, Torrent and Vantage seen leading race for SKS Power

CFO News

Indicative bids from Nagpur-based Sarda Energy & Minerals, Delhi-based Jindal Power and the Adani Group are much lower and these bidders are no longer considered strong contenders to take over the plant, people familiar with the matter said.

52
article thumbnail

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

article thumbnail

IT sector logs big rise in consolidation deals from firms

CFO News

The country’s largest software firm Tata Consultancy Services (TCS) had said in January that it sees an uptick in client caution leading to more cost optimisation and vendor consolidation deals.

52
article thumbnail

Funding crunch healthy for startups as it’ll bring profitability to the fore: GSV’s Deborah Quazzo

CFO News

Deborah Quazzo told ET during an exclusive interaction that the pace of investments has slowed down in both the US and India and is likely to remain muted for the rest of the year at least.

article thumbnail

CXOs in demand in non-tech sector despite headwinds

CFO News

There was a 20-25% increase in top leadership mandates from large conglomerates and traditional Indian companies in sectors such as manufacturing, engineering, infrastructure, electric vehicles, metals, cement, chemicals, fast-moving consumer goods and retail in the October-December quarter compared with the previous two quarters of financial year 2023, said leading executive search companies.

article thumbnail

Air India and Vistara kicks of their integration process

CFO News

As part of the human integration process, the non-flying staff of Vistara are being appraised through a process called Hogan Test, designed by a US-based firm Hogan. The test measures normal personality characteristics necessary for job fit, especially leadership roles.

article thumbnail

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.

article thumbnail

Consumer electronics firms begin to increase inventory, anticipating a recovery in demand in coming quarter

CFO News

Executives of several cos told analysts in their earning calls and to ET that such a build-up is after the pre-Diwali days with demand slumping majorly post Diwali due to high inflation and retailers too cutting down on inventory levels.

Retail 52
article thumbnail

Stalled FAME subsidy slows growth in electric 2-wheeler sales

CFO News

According to industry estimates, subsidy payments of Rs 1,100 crore under the FAME scheme have been held back by the government. Industry executives say the manufacturers are facing an extreme shortage of working capital as they had already passed on the subsidy benefit to customers and were waiting for reimbursement from the government.

Sales 52
article thumbnail

Adani credit facilities expose collateral web full of red flags

CFO News

Adani Green’s stock price has fallen almost 70% this year, while its debt has also slumped. The company said on Feb. 7 it had won the backing of investors after reporting third-quarter net income that more than doubled from a year earlier. Adani Green CEO Vneet S. Jaain said the results proved the company has a “robust capital management program with leverage well aligned with the business model.

article thumbnail

Bank of Baroda CEO says willing to keep lending to Adani Group

CFO News

The comments offer a degree of support for embattled billionaire Gautam Adani after some banks balked at refinancing a $500 million bridge loan due next month. That came after a report in January from short seller Hindenburg Research sent the group’s assets tumbling. More recently, investor sentiment got a boost when the conglomerate said it will address upcoming maturities.

Banking 52
article thumbnail

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.

article thumbnail

Azure Power India seeks more time to file audited results

CFO News

All the Azure group companies have delayed filing their annual audited results following whistle-blower complaints alleging potential procedural irregularities and misconduct by certain employees at a plant of one of its subsidiaries. The Ontario Municipal Employees Retirement System and CDPQ-backed renewable power producer published unaudited results for FY22 on December 30 but added that its audited report may differ from unaudited.

article thumbnail

G20 finance ministers, central bank chiefs to meet on Feb 24

CFO News

The two-day meeting will cover issues, such as strengthening multilateral development banks to address shared global challenges of the 21st century; financing for resilient, inclusive and sustainable 'cities of tomorrow'; and leveraging digital public Infrastructure (DPI) for advancing financial inclusion and productivity gains.

Finance 52
article thumbnail

India's economy to grow at 6% in 2023-24: Former Niti Aayog vice chairman Rajiv Kumar

CFO News

Former Niti Aayog Vice Chairman Rajiv Kumar stated on Sunday that India is expected to achieve a 6 percent growth rate in the next fiscal year.

52