Sat.Feb 08, 2025

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Data Update 6 for 2025: From Macro to Micro - The Hurdle Rate Question!

Musings on Markets

In the first five posts, I have looked at the macro numbers that drive global markets, from interest rates to risk premiums, but it is not my preferred habitat. I spend most of my time in the far less rarefied air of corporate finance and valuation, where businesses try to decide what projects to invest in, and investors attempt to estimate business value.

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Union Bank of India sees lower inflation for FY25 and FY26 than MPC estimates

CFO News

UBI stated, "MPC revised FY25 growth projection to 6.4 per cent from 6.6 per cent previously even as it projects recovery to 6.7 per cent in FY26. We see downside risk to 6.4 per cent growth forecast for FY25 as it assumes Dec'24 quarter growth above 6.5 per cent while its tracking close to 6 per cent as of now.

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10 Weekend Reads

Barry Ritholtz

The weekend is here! Pour yourself a mug of Colombia Tolima Los Brasiles Peaberry Organic coffee, grab a seat by the fire, and get ready for our longer-form weekend reads: The LA Fires Burned Thousands of Homes. The Data Show Insurers Saw the Risks Coming. The industry seemed to have recognized the financial risks and pulled out before disaster struck. ( Barron’s ) Everyones Rattled by the Rise of DeepSeekExcept Nvidia, Which Enabled It : Nvidias stock swooned and regulators are restrict

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Britannia to raise prices by over 6% by year-end, says Varun Berry

CFO News

Britannia's vice-chairman Varun Berry revealed the company's strategy of cutting prices during a deflationary period but later increasing them due to misreading inflation trends. Input costs surged, particularly with rising import duties on edible oils. Britannia plans selective price hikes and is now focusing on consumer insights and altering its market strategy in urban areas.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Foreign investors set to return in Indian market to get sound, effective net returns

CFO News

The foreign investors' fraternity is all set to take a plunge investing in the Indian stock market to get sound, effective net returns from a long-term perspective, according to experts on Saturday.

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Market forces decide rupee value, RBI not worried about day-to-day fluctuation: Governor

CFO News

Reserve Bank Governor Sanjay Malhotra stated that the value of the rupee against the US dollar is determined by market forces, with the central bank focusing on the currency's medium to long-term value. Additionally, the Union Cabinet has approved a new income tax proposal that is expected to be introduced in the Lok Sabha next week.

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India on the path to hit record $800 billion in exports in FY25

CFO News

India is on the path to achieve $800 billion in exports in the 2024-25 fiscal for the first time, according to the government, signalling a robust economy and continued growth across sectors.

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How Union Budget 2025 will amplify MSMEs' global competitiveness

CFO News

MSMEs are crucial to India's economy, employing millions and contributing 36% to GDP. The 2025 Union Budget addresses key barriers such as credit, technology, and skilling, focusing on women and marginalized groups. Enhanced credit guarantees, AI education investments, and logistical improvements via India Post aim to boost MSME growth and global competitiveness.

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With over 284 crore Aadhaar authentications in Jan, India's digital economy posts 32% annual growth

CFO News

On average over nine crore authentications are taking place every day. This shows the growing adoption and utility of Aadhaar in the daily lives of people. Nearly 550 entities are using the Aadhaar authentication service.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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India's oil demand to peak later than in other major economies: S&P Global Commodity Insights

CFO News

India's refined crude demand is expected to peak later than other major economies, driven by a growing population and rising per capita income. S&P Global Commodity Insights predicts refined product demand to reach 5.7 million barrels per day by 2026, with significant EV adoption affecting fuel demand. Planned refinery expansions will bolster production capabilities.

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Fiscal, monetary policies are working in tandem to boost economic growth: FM Sitharaman

CFO News

Union Finance Minister Nirmala Sitharaman on Saturday said that the government's monetary and fiscal policies are working in tandem and would further benefit the growing economy with the robust Budget and recent RBI decisions.