Global Finance

JULY 23, 2023

Global Finance Magazine - Sticky inflation, interest rate hikes, and Russia’s ongoing war in Ukraine are among the factors that will continue to chill IPO prospects.

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CFO News

JULY 23, 2023

The transaction is expected to close in the fourth quarter of this year. The aim of the deal is to position Adani Capital as a standalone company to expand its lending operations.

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CFO Thought Leader

JULY 23, 2023

Back in 2001, the new finance recruits roaming the corridors of General Electric Company prodded themselves along as they confronted the everyday challenges of orienting themselves inside GE’s hard-shell corporate culture. This was perhaps especially true for financial analyst Ken Bowles, whose cultural trial was somewhat more daunting, considering whence he had come.

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CFO Financial Analyst Finance Leadership 52

Future CFO

JULY 23, 2023

Most rated Chinese corporates would see stable outlook in terms of credit quality over the next few months, despite soft macro data that highlights downside risks, Moody’s said recently. Improving demand from a low base in 2022 and continued debt control will underpin growing profit and steady leverage for most rated Chinese corporates, but some sectors will continue to have muted growth, the credit rating agency noted.

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Construction Transportation Leverage Economics 52

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.

Accounting

CFO News

JULY 23, 2023

To be sure, the British Prime Minister has assured Tata group that the government will sweeten its earlier subsidy offer to modernise and decarbonise the company's Port Talbot plant, executives close to the development said.

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CFO News

JULY 23, 2023

Coffee Day Global, which runs the Cafe Coffee Day chain in India, has been admitted for corporate insolvency by the Bengaluru bench of the bankruptcy court following a petition filed by IndusInd Bank. A subsidiary of listed Coffee Day Enterprises, which was promoted by the late VG Siddhartha that committed suicide in 2019, the company has outstanding debt of ₹67.3 crore from IndusInd Bank as of 31 March 2022, with the total debt standing at ₹960 crore, according to its annual report.

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Barry Ritholtz

JULY 23, 2023

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Trillion-Dollar Grift : Inside the Greatest Scam of All Time. ( Yahoo News ) • Quackonomics Medical Properties Trust spent billions buying community hospitals in bewildering deals that made private equity rich and working-class towns reel. ( American Prospect ) • The Romance Scammer on My Sofa : A writer’s quest to find the con artist in Nigeria who duped his mother. ( Atavist ) • Europeans Are Becomi

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Concentration Economics Investments Accounting 98

CFO News

JULY 23, 2023

As companies in the sector scrambled to seek clarity and, potentially, a review of the decision taken by the GST Council, which has representation from the state governments, the finance ministry has said an early review is unlikely.

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CFO News

JULY 23, 2023

Under the Market Access Initiatives (MAI) Scheme, startups and new exporters have been made eligible for airfare reimbursement to participate in overseas events while the ceiling for this incentive for existing exporters has been raised 20%.

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Startups Marketing 52

Advertiser: Paycor

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CFO News

JULY 23, 2023

Companies such as Micron and Foxconn are exploring various levels of involvement in India's semiconductor sector, according to Commerce and Industry Minister, Piyush Goyal. Vedanta and Tata are also reported to be "getting active in that space" Goyal stated that the interest in India's semiconductor sector from the industry has been "phenomenal" Goyal also commented on the recent increase in tomato prices in parts of the country, stating that this is due to the heavy rains and fl

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CFO News

JULY 23, 2023

Many were, and some still are, oblivious of the price of not disclosing overseas stock options which have been vested but not exercised, ongoing retirement schemes like 401(k) in the US, and beneficial interests in offshore companies.

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CFO News

JULY 23, 2023

Go First, the first Indian airline to file for voluntary insolvency proceedings, is reaching out to asset reconstruction companies and distressed debt funds for short-term priority funding, focusing on alternative sources of funds to ensure revival is not impacted by procedural issues. Lenders, Bank of Baroda and Central Bank of India, have agreed in principle to lend INR 450 crore, which would come at a 20% interest rate.

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Planning Banking 52

CFO News

JULY 23, 2023

The telco said that it has been unable to renew additional BGs as this requires 100% cash margin to be provided to the banks. According to a banker, the decision to ask for a 100% cash margin reflects that banks are extremely averse to lending to Vi, even if the BG sums are tiny.

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Speaker: James Kahler, COO of Full Course

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Planning

CFO News

JULY 23, 2023

India's biggest consumer goods company, Hindustan Unilever (HUL), has said that it will take at least two to three quarters to recover volumes even as it has cut prices, increased grammages, and increased advertising over the past two quarters. HUL said that the recent fall in key raw material prices - crude and palm oil - would also further drive the overall volume growth of the company.

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CFO News

JULY 23, 2023

By extending inter-company loans, VRL can address outstanding external debt requirements, including a $1bn bond due in January 2024. The move could also enable VRL to borrow $2.4bn, upfront, using brand fee receivables to repay outstanding debt obligations.

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CFO News

JULY 23, 2023

Top Indian companies are facing challenges due to the capital-markets regulator's new Environmental, social and governance (ESG) rules as they struggle to collate non-financial data dispersed across various internal systems, evaluate the impact of disclosing private data on sensitive governance issues, and start dealing with the complexity of capturing and auditing data from thousands of their suppliers.

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CFO News

JULY 23, 2023

Chinese smartphone makers, including Oppo Mobile, Vivo India and Xiaomi, have been found evading taxes to the tune of Rs 9,000 crore in India, the government has said in Parliament.

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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

Finance

CFO News

JULY 23, 2023

World Bank President Ajay Banga recently said the key to India's growth story is through more jobs as he outlined the opportunity to cash in on the "China Plus One" strategy, a scheme adopted by many companies to build manufacturing units outside of the People's Republic. While India has a lot more ground to cover to replace China as the world's manufacturing hub, some economists acknowledged the PLI scheme was a step in the right direction.

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CFO News

JULY 23, 2023

Tata Consultancy Services (TCS), LTIMindtree, Wipro, Persistent Systems and others told ET about half their staff have been punching in at least twice a week.

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CFO News

JULY 23, 2023

Byjus: Creditors could drop the demand for accelerated repayment; all litigations may come to an end if talks turn out to be fruitful.

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CFO News

JULY 23, 2023

The revenue growth was in single digit for the first time in at least nine quarters. The sample's operating margin contracted by 240 basis points YoY to 20.4%.

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