Sun.Mar 17, 2024

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Bikaji Foods target 12% market share growth in next three years, CFO prioritizes margin expansion

CFO News

Bikaji Foods International, under the guidance of CFO Rishabh Jain, unveils an ambitious growth strategy targeting a 12 per cent market share in three years. With a keen focus on maximizing capacity utilization, expanding into new regions, tapping into rural demand and enhancing margins, the company demonstrates a comprehensive approach to sustainable growth.

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10-year TIPS reopening auction could reach real yield of 2.0%

Tips Watch

By David Enna, Tipswatch.com The U.S. Treasury on Thursday will offer $16 billion in a reopening auction of CUSIP 91282CJY8, creating a 9-year, 10-month Treasury Inflation-Protected Security.

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Trending Sources

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India Inc may give 9% average pay hikes in 2024, finds Deloitte survey

CFO News

India Inc Pay Hikes: One in every three organisations in the country plans to provide double-digit increments this year.

Planning 105
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983: The CFO as Architect of Value | Aaron Alt, CFO, Cardinal Health

CFO Thought Leader

In the world of finance, where leadership roles await those who distinguish themselves along a select number of familiar paths, Aaron Alt’s journey to becoming a CFO stands out for its breadth and depth, transcending conventional boundaries. Starting in law, Alt quickly found his groove inside the legal world’s cornucopia of M&A advisory services.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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Public sector banks told to spell out 3-year business plans by March-end

CFO News

The business plans will cover strategies to increase low-cost deposits, raise capital, resolve bad loans, improve cybersecurity and undertake financial inclusion outreach, said a senior government official.

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Masdar, Gentari, others eye majority stake in Ayana Renewable Power

CFO News

The majority stake sale will value Ayana's equity at USD 1 billion, with an enterprise value - inclusive of debt in the capital structure - around USD 2.5-3 billion, sources told ET. Non-binding bids will likely be in by mid-April, said these officials.

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Net direct tax collections likely to surpass FY24 target of Rs 19.45 lakh crore

CFO News

Net direct tax collections from April 1, 2023, to March 15, 2024, stood at Rs 18.95 lakh cr, up 14.05% year on year, buoyed by advance tax collections of Rs 9.10 lakh crore, officials said.

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Adani to invest $14 bn in FY25: Green portfolio will see 70% of the chunk

CFO News

Adani group plans to invest more than Rs 1.2 lakh crore (about USD 14 billion) across its portfolio companies that range from ports to energy, airports, commodities, cement and media in fiscal year starting April 1, as it doubles down on its USD 100 billion investment guidance over the next 7-10 years to grow businesses, sources said. The projected capital expenditure or capex for 2024-25 (April 2024 to March 2025) fiscal is 40 per cent higher than what the portfolio is estimated to have incurre

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Big change is the only constant in eco: India Inc

CFO News

India’s economy is undergoing significant changes, driven largely by technology. Securing sufficient capital remains a major hurdle. New stars emerging include computer chips and critical materials. Business, at the forefront of this transformation, must acknowledge the importance of preserving biodiversity for sustainable human enterprise. These insights were shared during The Economic Times Awards for Corporate Excellence in Mumbai.

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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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Sebi's exemption to ease compliance burden for FPIs

CFO News

The Securities and Exchange Board of India (Sebi) has exempted overseas funds, having more than 50% of their India equity assets under management in a single corporate group, in case the concentrated holdings of the funds are in a listed company with no identified promoter.

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Top auto companies seek to introduce one electric car a month in next two years

CFO News

Companies are aiming to democratize the electric power train in personal mobility to break consumer resistance over affordability through more mass-market choices than ever before.