CFO News
JANUARY 28, 2024
China Evergrande Group, the world's most-indebted property developer, was ordered to be liquidated by a Hong Kong court. The wind-up could result in management being replaced and address some of the company's issues. With 2.39 trillion yuan ($333 billion) of liabilities, Evergrande is a prominent symbol of China's real estate crisis.
Musings on Markets
JANUARY 28, 2024
In my last data updates for this year, I looked first at how equity markets rebounded in 2023 , driven by a stronger-than-expected economy and inflation coming down, and then at how interest rates mirrored this rebound. In this post, I look at risk, a central theme in finance and investing, but one that is surprisingly misunderstood and misconstrued.
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CFO News
JANUARY 28, 2024
As the interim Budget for the fiscal year 2024-25 approaches, startup CFOs converge with a shared vision, advocating transformative measures. From tax reforms to industry empowerment, their expectations collectively shape India's dynamic startup landscape.
Tips Watch
JANUARY 28, 2024
By David Enna, Tipswatch.com One of the “interesting” challenges in dealing with the U.S. government’s TreasuryDirect website comes each January, when you might — or might not — need to go in search of federal tax forms.
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.
CFO News
JANUARY 28, 2024
Auditing firm Deloitte has once again been caught in the eye of the storm of regulators.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO News
JANUARY 28, 2024
Punit Goenka and the family collectively decided he should step aside, and the merger should proceed because it was beneficial for Zee. This decision was communicated to Sony. It wasn't acceptable to Sony. I believe this was Sony's strategy all along: To engage with Zee and eventually withdraw, portraying Zee as vulnerable. I intend to convey this perspective to the Zee board as well, says Subhash Chandra, chairman emeritus of Zee Entertainment Enterprises.
Future CFO
JANUARY 28, 2024
Global VC deals volume drops significantly, with investment sinking from US$531.4 billion across 51,894 deals in 2022 to $344 billion across 37,808 deals in 2023 amid a thematic backdrop of geopolitical, macro-economic, and other challenges, said KPMG recently. These challenges include conflicts in the Ukraine and Middle East, high interest rates and inflation, a parched exit environment, and ongoing concerns related to startup valuations, the firm noted.
CFO News
JANUARY 28, 2024
India's pharmaceutical industry is seeking a one-time exemption from price control measures tied to the declining wholesale price index (WPI). Under the Drug Price Control Order (DPCO) 2013, scheduled drug prices are revised based on the previous year's WPI. Industry executives argue that this would lead to marginal reductions and are requesting an exemption due to rising input costs, aiming to make a representation to India's drug pricing authority.
Barry Ritholtz
JANUARY 28, 2024
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • How Walmart’s Financial Services Became a Fraud Magnet : Scammers have duped consumers out of more than $1 billion by exploiting Walmart’s lax security. The company has resisted taking responsibility while breaking promises to regulators and skimping on training. ( ProPublica ) • $40 billion worth of crypto crime enabled by stablecoins since 2022 : Stablecoins like Tether also used for scams and sanctions
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CFO News
JANUARY 28, 2024
Colgate-Palmolive is optimistic about India's demand recovery in rural markets and has strong innovation plans for its core businesses. The company controls half the oral care market in India, the third largest market for oral care by net sales.
CFO News
JANUARY 28, 2024
The uptick in IT hiring comes after the macroeconomic slump in 2023 led to a massive headcount correction last year. However, experts caution that current requirements are only filling vacant roles not replaced over the past few quarters and that the numbers are still small.
CFO News
JANUARY 28, 2024
In FY22, India Inc's million-dollar club had expanded by 37% compared to a decrease of 17% in the pandemic-hit FY21. The total compensation of C-suite executives went up 7.56% to ₹4,256 crore, from ₹3,957 crore in FY22. Here, too, professional CXOs amassed the bulk of this increase with the collective compensation for professional CXOs going up by 21.08% while that of promoters registering a decrease of 9%.
CFO News
JANUARY 28, 2024
This proposal aligns with the Indian government's initiatives introduced in the Union Budget for 2023-24, focusing on fostering a low-carbon, resource-efficient, and socially inclusive economy.
Speaker: James Kahler, COO of Full Course
Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.
CFO News
JANUARY 28, 2024
While the HDFC Bank stock may be trading at decadal low valuations of about 2.1 times to book value, investors including LIC may be cautious in jumping to buy it, they said.
CFO News
JANUARY 28, 2024
Incentives On Steel Production: Centre also seeking a consensus on what qualifies as ‘green steel’
CFO News
JANUARY 28, 2024
Sebi has relaxed the deadline for disclosure of ownership, economic interest, and control of Foreign Direct Investments (FPIs) with over half their holdings in a single corporate group or Indian equities exceeding ₹25,000 crore. These relaxations may lower compliance burdens for FPIs deemed 'high risk' but are unlikely to lower the current volatility in the market.
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