CFO News
JANUARY 7, 2024
The Finance Ministry uncovered 29,273 bogus firms evading Rs 44,015 crore in suspected ITC, with Rs 4,646 crore saved. In the Dec quarter, 4,153 fake firms were detected, leading to 121 arrests. Maharashtra, Delhi, and Haryana topped the list. Various measures, including biometric authentication, were implemented for GST registration.
Tips Watch
JANUARY 7, 2024
By David Enna, Tipswatch.com If you are a longer-term investor looking for ultimate safety and protection from inflation, you are going to want to buy U.S.
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CFO News
JANUARY 7, 2024
Ashish Goyal, Co-founder & CFO of Fibe, explores the critical decision fund managers face between duration and credit risk in financial management. Balancing these risks is essential for optimal outcomes in diverse economic landscapes.
Future CFO
JANUARY 7, 2024
When it comes to corporate reporting, there are multiple challenges facing CFOs, said EY recently. In the face of a challenging and uncertain macro-environment, CEOs and boards are looking to their CFOs to effectively balance trade-offs between short- and long-term priorities, EY pointed out. This can be a difficult balancing act between two important business requirements, the firm said.
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
JANUARY 7, 2024
Investors appear confident rather than worried. Four of the ten listed stocks have fully recovered from their lowest since Hindenburg triggered the crash. Adani Power has more than doubled, while Adani Ports has gained 52%. ACC and Ambuja Cement have also recovered to the pre-Hindenburg level. However, Adani Wilmar, Adani Energy Solutions and Adani Total Gas still trade 33-73% lower.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO News
JANUARY 7, 2024
Lemon Tree, Pepe Jeans, KFC, JW Marriott, Wow! Momo Foods, and Shoppers Stop are among the cos offering front-facing roles to PWDs, and some of these firms are looking at increasing the number of such employees by 100% or more in FY25, their executives said.
Future CFO
JANUARY 7, 2024
Chris Woo, Asia Pacific & Singapore Tax Leader, PwC Singapore, shares his insights into tax challenges affecting Asia Pacific companies and how they are responding. The post Global Tax Talk: Talking Asia-Pacific tax appeared first on FutureCFO.
CFO News
JANUARY 7, 2024
"Banks have individually communicated with the RBI after the liquidity deficit widened significantly at the end of December. The money market rates had shot up, making it more expensive for borrowers to raise funds in debt capital markets," a source aware of the developments said.
CFO Thought Leader
JANUARY 7, 2024
It’s no secret that Moderna’s R&D efforts have expanded well beyond the realm of COVID-19. CFO Jamey Mock tells us that today the company has more than 40 drugs in its pipeline, with targets such as respiratory, late-stage, oncological, and rare diseases. As he explains, this diversity means that the biotech innovator is reliant not solely on one product or therapeutic area, which makes for less risk than would be the case if the company had only a single product focus.
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CFO News
JANUARY 7, 2024
Reserve Bank of India (RBI) data showed average bank borrowings on a fortnightly basis were at Rs 6.39 lakh crore from January 13 to December 15, 2023. That's 67% higher than average fortnightly borrowing of Rs 3.81 lakh crore over the comparable period in 2022.
Future CFO
JANUARY 7, 2024
Agile planning makes room for development and progress from limited insight and hindsight to a good scenario planning among finance leaders. As organisations deal with various possibilities and try to determine which one has the potential to disrupt and damage the business, the constraint in time can be detrimental in the business over all. If finance leaders will learn to rely on unified, cloud-based planning systems that can iterate multiple what-if scenarios to identify the most likely outcom
CFO News
JANUARY 7, 2024
Brookfield and Everstone-backed IndoStar sells bad loans under a senior-junior structure under a Swiss auction. The senior class comprises 38-40% of the principal amount which Encore will pay as upfront cash. The junior class which is 60-62% of principal loan, is split into cash and security receipts. Of the junior class, IndoStar would receive cash and subscribe to the security receipts.
Barry Ritholtz
JANUARY 7, 2024
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • These politicians denied democracy on Jan. 6. Now, they want your vote. While the violent mob swarmed the U.S. Capitol on Jan. 6, 2021, aiming to subvert democracy and keep President Donald Trump in power, another group was already working on the same project inside.
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
JANUARY 7, 2024
Union Budget: India's Finance Minister, Nirmala Sitharaman, announced a robust capex push to stimulate economic growth, allocating over 3% of the country's GDP to capital expenditure. Around Rs 10 lakh crore was allocated towards capital expenditure, a record high. The capex push is part of the government's efforts to make India a $5 trillion economy.
CFO News
JANUARY 7, 2024
DK Joshi says: “The next year will be a little bit more challenging because the interest rate hike will impact the economy with a lag, so that will come into effect. Global economy is expected to slow down. But having said that, we believe that even in the next fiscal year, India will remain an outperformer as far as growth is concerned.
CFO News
JANUARY 7, 2024
GST evasion of about Rs 1.51 lakh crore has been detected by central GST officers in the current fiscal, while recovery stands at Rs 18,541 crore as on December 30, against the internal target of Rs 50,000 crore. The finance ministry on Sunday said that since mid-May 2023, a total of 29,273 bogus firms involved in suspected input tax credit evasion of Rs 44,015 crore have been detected.
CFO News
JANUARY 7, 2024
Vuong, 55, replaces Le Thi Thu Thuy, who had held the post since late 2021, VinFast said in a statement. Thuy, a finance expert, will serve as chairwoman and lead engagement with external stakeholders. Vuong, also the founder and chairman of Vingroup - Vietnam's biggest conglomerate and VinFast's parent company - will directly oversee the EV maker's operations, including global production, sales and marketing, the company said.
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
JANUARY 7, 2024
The dedicated ecommerce export hubs will have warehousing facilities for easy storage, customs clearance, returns processing, labelling, testing and repackaging. The move is expected to aid sellers relying on online platforms, including social media such as Instagram, to sell their merchandise.
CFO News
JANUARY 7, 2024
"Among the creditors, a large public sector bank which is a key creditor wants more time since the approval to extend the process needs to be ratified by its board. So voting lines are still open for everyone, though some of the creditors have already voted," said a person aware of the process.
CFO News
JANUARY 7, 2024
The corporate portfolio includes eight accounts that turned non-performing after 2019. These include Prometheon Enterprises with a debt of ₹1,496 crore, Malvern Travels, UK, with a debt of ₹537 crore, and Katerra India with ₹521 crore.
CFO News
JANUARY 7, 2024
Net profit in the December 2023 quarter for the Nifty 50 constituents is expected to climb 15%, compared with 7.6% growth in the year-ago period. To be sure, the year-on-year profit growth was above 25% in each of the two previous quarters, reflecting the base effect.
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CFO News
JANUARY 7, 2024
Tata Consultancy Services (TCS) and Infosys will declare their Q3FY24 report card on January 11 (Thursday) and Wipro and HCL Technologies on January 12 (Friday).
CFO News
JANUARY 7, 2024
Flipkart Rolls Trim: Spotlight on Cleartrip, grocery and Shopsy; $1-billion funding in progress at company.
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