CFO News
JUNE 8, 2025
Mizuho Financial Group is set to acquire KKR-backed Avendus Capital for $700 million, marking Mizuho's largest investment in India. The deal involves KKR's exit and will give Mizuho up to 70% ownership. Avendus founders, excluding Ranu Vohra, will remain invested and manage the company, continuing its operations across financial services in India, the US, and Singapore.
CFO Talks
JUNE 8, 2025
The Budgeting Process Is Broken-Here’s How to Fix It If you are a CFO, you have likely outgrown the old budgeting drill. Once-a-year spreadsheets. Static assumptions. Hoping nothing changes too much. That approach belongs to a world that no longer exists. Markets shift. Costs rise. Customers change direction. Disruption hits before the board even signs off on the plan.
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CFO News
JUNE 8, 2025
Union Finance Minister Nirmala Sitharaman on Monday said that India is embracing a cashless revolution with world-class digital initiatives like unified payments interface (UPI).
The Big Picture
JUNE 8, 2025
Avert your eyes! My Sunday morning looks at incompetence, corruption, and policy failures: • YOU’RE NOT READY. Seems bad out there. Unfortunately, it can always get worse. From evil hacker AI to world-changing cyberattacks, WIRED envisions the future you haven’t prepared for. ( Wired ) • Wall Street’s Love for Alternative Assets Isn’t a Good Deal for Clients : Wall Street calls it a golden age for alternative assets.
Speaker: Joe Wroblewski, Sales Engineer Manager
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
CFO News
JUNE 8, 2025
Following the Reserve Bank of India's repo rate cut, banks like Bank of Baroda and Punjab National Bank have lowered their repo-linked lending rates by 50 basis points, benefiting home loan borrowers and small businesses. Bank of Baroda's RLLR is now 8.15%, while PNB's is 8.35%.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO News
JUNE 8, 2025
Indian primary market is expected to revive. Over twelve companies are preparing for Initial Public Offerings. HDB Financial Services and National Securities Depository Limited are among them. These companies aim to raise funds for expansion and debt repayment. The IPO activity slowed down earlier in 2025. Experts anticipate a stronger second half. Investors are showing interest in fairly priced IPOs.
CFO News
JUNE 8, 2025
With interest rates declining, banks face the challenge of attracting deposits. Experts suggest innovative products like fixed deposit-linked credit cards and sweep-in deposits are crucial. Younger savers are shifting to capital market products, while senior citizens favor government schemes. Banks are already adapting, but further rate cuts will necessitate more competitive offerings to retain depositors.
CFO News
JUNE 8, 2025
Singapore is increasing its scrutiny of companies' economic substance, potentially leading to tax disputes for MNCs and funds investing in India. Recent rulings by the IRAS define 'economic substance,' impacting treaty benefits. Indian tax authorities may levy higher taxes if Singaporean entities lack adequate substance, affecting stock sales, dividends, and loan interest.
CFO News
JUNE 8, 2025
Sebi has issued a corrigendum in the IndusInd Bank insider trading case, clarifying that a key document referred to as a “board note” in its interim order should have been called an “engagement note.” The case involves allegations of UPSI-based share sales by top executives before disclosing Rs 1,572 crore in derivative losses, helping them avoid nearly Rs 20 crore in losses.
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Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
CFO News
JUNE 8, 2025
HDFC Bank refutes Lilavati Trust's claims against MD and CEO Sashidhar Jagdishan. The Trust alleges his involvement in financial fraud. HDFC Bank calls the allegations baseless. They state that Jagdishan is targeted by those owing the bank money. The bank claims the Trust owes substantial amounts and is trying to avoid repayment.
CFO News
JUNE 8, 2025
India witnessed a 14% surge in total FDI, reaching $81.04 billion in FY25, the highest in three years. Maharashtra led with $19.6 billion, constituting 31% of the nation's FDI, followed by Karnataka at $6.62 billion. New Delhi, Maharashtra, and Karnataka together accounted for 51% of the total FDI inflows, driven by improved infrastructure.
CFO News
JUNE 8, 2025
Gautam Adani's earnings for fiscal year 2025 totaled Rs 10.41 crore. This figure is less than many of his peers. Adani drew salaries from Adani Enterprises and Adani Ports. Mukesh Ambani has been foregoing his salary since Covid-19. Vinay Prakash, AEL CEO, earned significantly more than Adani. Adani's son, Karan, received Rs 7.09 crore from APSEZ.
CFO News
JUNE 8, 2025
Megha Engineering's shareholders, the Reddy duo, are finalizing a family settlement where PV Krishna Reddy will acquire Pamireddy Pitchi Reddy's 51% stake for around Rs 12,000-15,000 crore. Krishna Reddy plans to raise funds through asset monetization and financial institutions to complete the deal by March 2027. The infrastructure giant's rise has been marked by both success and controversy.
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CFO News
JUNE 8, 2025
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea filed by the Resolution Professional (RP) of the Think and Learn Private Limited (TLPL), the parent company of edtech firm Byju's, against an earlier order by the National Company Law Tribunal (NCLT).
CFO News
JUNE 8, 2025
Reliance Infrastructure is set to significantly expand its defence capabilities, targeting a Rs 5,000 crore aircraft upgrade market over the next 7-10 years. Having successfully upgraded 55 Dornier-228 aircraft, Reliance aims to become a major private player by modernizing military aircraft and helicopters with global partners. This move aligns with 'Atmanirbhar Bharat' and taps into a multi-billion-dollar global market.
CFO News
JUNE 8, 2025
Tata Steel is set to begin construction of its low-carbon electric arc furnace (EAF) steelmaking project in Port Talbot, UK, by July 2025, with operations commencing in 2027. Supported by £500 million in UK government funding, this transition aims to produce 3.
CFO News
JUNE 8, 2025
Prime Minister Narendra Modi on Monday highlighted India's rapid transformation across sectors, driven by the NDA Government's focus on good governance and inclusive growth.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
CFO News
JUNE 8, 2025
Speaking at a Cisco event, Solomon said drafting the pre-IPO papers for a company used to take a six-person team and two weeks to create, but AI can do this in mere minutes, he said, and with 95% accuracy.
CFO News
JUNE 8, 2025
Stocks rallied Monday on hopes that a fresh round of China-US trade talks later in the day will ease tensions between the economic superpowers, while investors were also cheered by forecast-topping US jobs data. The talks come days after Trump and Chinese counterpart Xi Jinping held their first publicly announced telephone talks since the US president returned to the White House.
CFO News
JUNE 8, 2025
Chinese consumer prices fell for the fourth straight month in May, data showed Monday, as the world's second biggest economy struggles with sluggish spending and global trade turmoil. The China-US talks in London will mark the second round of formal negotiations between the world's two largest economies since Trump launched his global trade blitz in April.
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