Sun.Jul 20, 2025

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Corporate loan growth slows as firms prefer capital markets over banks

CFO News

Indian banks face challenges in attracting large corporations back to traditional lending. Companies are increasingly favouring capital markets for funding. Bond and equity markets offer competitive rates. HDFC Bank and ICICI Bank have reported slower corporate loan growth.

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Female Leadership in Finance: Pei Lu Lee from Warner Music Group

Future CFO

Editor’s note: Be kind to yourself, even as you push forward , says Pei Lu Lee , finance director - Malaysia and Singapore at Warner Music Group. In today’s Female Leadership in Finance interview, Lee shares her advice for aspiring female finance professionals, the defining moment of her career, and why one of her favourite ways to unwind is yoga.

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Early Q1 results show a slowdown in revenue and profit growth for Indian companies

CFO News

Early Q1 results reveal a slowdown in revenue and profit growth, hitting a nine-quarter low, excluding Reliance Industries' one-time gain. Banking, finance, FMCG, and IT sectors are showing lackluster performance, impacting overall growth. While initial expectations were high for sectors like capital goods and healthcare, the current trend indicates a weaker earnings picture.

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10-year TIPS auction offers another attractive opportunity

Tips Watch

By David Enna, Tipswatch.com On Thursday, July 24, the U.S. Treasury will offer $21 billion in a new 10-year Treasury Inflation-Protected Security, CUSIP 91282CNS6.

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8 Ways to Torture Your CFO

The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.

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IPO fundraising up 45% to Rs 45,350 cr in Jan-Jun despite global trade headwinds

CFO News

Despite global economic headwinds, Indian IPO fundraising surged to Rs 45,350 crore in the first half of 2025, a 45% increase year-over-year, driven by strong domestic investment and positive investor sentiment. While the number of IPOs decreased, the average issue size rose, with manufacturing and infrastructure sectors leading the way.

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Govt, corporates settle tax row over factories in hilly regions

CFO News

A dispute between the govt and corporations operating factories in hilly regions has ended, with companies now eligible for GST refunds based on actual value addition, subject to verification. The disagreement stemmed from differing interpretations of value addition caps post-GST implementation. The CBIC's clarification resolves concerns, particularly for pharmaceutical units, and should apply across industries claiming refunds.

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10 Sunday Reads

The Big Picture

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Venture Capital Firms Bet Big on Gambling. Now They’re Banking on the Addictions. U.S. VC firms have invested $2 billion in gambling businesses in recent years. At least six of the firms are simultaneously betting on problem gambling treatments. ( Barron’s ) • The Texas way: why the most disaster-prone US state is so allergic to preparing for disasters : It faces hurricanes, heat, drought, rising se

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Jio-Allianz, Fairfax-backed Valueattics Re set to shake up India’s Rs 50,000-cr reinsurance market

CFO News

India's ₹50,000-crore reinsurance sector is set for disruption with the entry of two new domestic players—Jio-Allianz, a joint venture between Jio Financial and Allianz, and Valueattics Re, backed by Fairfax's Prem Watsa and Oben Ventures.

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With deposits outpacing appetite, exports & tariffs hold key to credit revival

CFO News

India’s bank loan growth dropped to 9.4% as of June 27, its lowest since March 2022, while deposit growth rose to 10%, outpacing credit demand. Despite rate cuts and easing liquidity, credit growth slowed due to weak investment demand. Economists suggest structural reforms in tariffs, trade, FDI, and ease of business are needed to revive loan demand and boost exports.

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How to Streamline Payment Applications & Lien Waivers Through Innovative Construction Technology

Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant

Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.

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Par panel report on new Income Tax Bill, 2025 to be tabled in Lok Sabha on Monday

CFO News

The parliamentary committee's report on the Income Tax Bill, 2025, set to replace the 1961 Act, will be tabled in the Lok Sabha on Monday. The bill aims for tax certainty, reducing litigation with fewer sections and simpler language. The committee, led by Baijayant Panda, suggests 285 changes to the streamlined bill, which removes the 'previous year' concept.

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Monsoon Session of Parliament: Economic bills on tax, shipping and minerals likely to be discussed

CFO News

Parliament's Monsoon session is set to begin. Several economic bills are lined up for discussion. These bills focus on tax reforms and shipping. Changes are proposed for income tax and port development. The session will also address merchant shipping regulations. Amendments to mining laws are also expected. The government aims to boost business and mineral exploration.

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Tax department probes over 20 insurers over breach of expense limits

CFO News

The Income Tax Department is scrutinising over 20 insurance firms—around 5–6 life insurers and 15 general insurers—for potential breaches of Expense of Management (EoM) norms in the past two fiscal years. No notices have been issued yet, but companies may face tax implications if unable to justify excess spending. The probe follows IRDAI’s revised expense regulations issued in April 2023.

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Viceroy alleges Vedanta Semiconductor is a Rs 2,500-cr sham; co says baseless

CFO News

Viceroy Research intensifies its attack on Vedanta Group, alleging its semiconductor unit is a sham operation designed to avoid NBFC classification and facilitate fund transfers to its parent company during a liquidity crisis. Vedanta vehemently denies these allegations, asserting full compliance with all applicable laws and transparent disclosure of business activities.

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You upgrade everything else. Why not your close process?

You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.

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Q1 results this week: Infosys, Bajaj Finance, Nestle, Eternal, Paytm, Kotak Mahindra Bank among 95 companies to announce earnings

CFO News

India Inc's Q1 FY26 earnings season intensifies, with 95 companies set to report results this week. Key players on the radar include Infosys, Zomato, UltraTech Cement, Paytm, Bajaj twins, Nestle India, and Kotak Mahindra Bank. The action kicks off July 21 with firms like CRISIL, Havells, and UltraTech. Market sentiment may hinge on these earnings.

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Reliance chooses to run solo in quick-commerce marathon

CFO News

Reliance Retail is prioritising organic growth in quick commerce, finding acquisitions less appealing due to integration challenges and leveraging its existing infrastructure for better economics.

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NCLT approves merger of Adani Cementation with Ambuja Cements

CFO News

The National Company Law Tribunal has approved the merger of Adani Cementation with Ambuja Cements. This consolidation will streamline Adani Group's cement business. The merger is effective from April 1, 2024. Adani Enterprises will receive 8.7 million shares of Ambuja Cements. Ambuja Cements aims to expand its capacity to 140 MTPA by FY28.

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Karnataka CM to engage commercial taxes dept as GST notices scare small biz away from UPI

CFO News

The public outcry arising from the GST notices has resulted in scores of businessmen in Bengaluru and outside going back to cash transactions, shunning the use of UPI. Many businesses have put out displays from small signboards to large banners announcing they will no longer accept payment via UPI.

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Precision in Motion: Why Process Optimization Is the Future of Manufacturing

Speaker: Jason Chester, Director, Product Management

In today’s manufacturing landscape, staying competitive means moving beyond reactive quality checks and toward real-time, data-driven process control. But what does true manufacturing process optimization look like—and why is it more urgent now than ever? Join Jason Chester in this new, thought-provoking session on how modern manufacturers are rethinking quality operations from the ground up.

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Brookfield, EQT close in on Gland Pharma, but rising stock a pain

CFO News

The Chinese parent has diversified investments that range from healthcare to football clubs, asset management, banks, estate, hospitality, fashion and industrials. The conglomerate has a presence across the pharma value chain from manufacturing to diagnostics and medical devices. Shanghai Fosun Pharmaceutical Co. had acquired an 86% stake in Gland Pharma in 2016 from KKR for a record deal value of $1.26 billion.

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Setback after cashbacks: Gaming industry faces fresh GST trouble

CFO News

The real money gaming industry faces renewed GST scrutiny as tax authorities demand levies on cashbacks and bonuses offered to players. This demand, based on Rule 31B, considers these credits as taxable, intensifying the industry's ongoing battle over retrospective GST collection.

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JSW Steel to pour most of its Rs 20,000 crore capex into Dolvi plant

CFO News

JSW Steel will allocate ₹20,000 crore for capital expenditure this fiscal year. A significant portion will fund the Dolvi plant expansion, increasing capacity to 15 million tonnes by September 2027. Remaining funds will complete projects at Bhushan Power and other ventures. The company aims for 50 million tonnes of annual steel production by 2030-31, focusing on brownfield expansion.

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Sebi resolves nearly 4,500 complaints via SCORES portal in Jun

CFO News

The regulator received 4,959 fresh complaints in the month, and a total of 5,107 grievances remained unresolved at the end of June, slightly higher than the 4,563 charges that were pending as of May 31, the Securities and Exchange Board of India (Sebi) said in a public notice on Friday

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AI In Accounting: A Practical Roadmap For Smarter AP

Speaker: Gerald Ratigan

The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.

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GST officers detect Rs 15,851 cr fraudulent ITC claims in April-June, total 3,558 fake firms uncovered

CFO News

GST officers uncovered a significant surge in fake input tax credit (ITC) claims, reaching Rs 15,851 crore in the first quarter of FY26, a 29% increase year-on-year. While the number of detected fake firms decreased, the amount of fraudulently claimed ITC rose substantially.

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NLC India arm NIRL to go public in Q2 of FY27; to raise ₹4,000 cr to part fund expansion: CMD

CFO News

NIRL, the renewable energy arm of state-owned NLC India, is expected to go public in the second quarter of the next financial year to raise around ₹4,000 crore to part fund its expansion plans, a top official of the company said.