Sun.Mar 09, 2025

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NFRA says auditors and audit committees must strengthen communication on income tax estimates

CFO News

The National Financial Reporting Authority (NFRA) has called for enhanced communication between auditors and audit committees regarding complex tax estimates under Ind AS 12, particularly Deferred Tax Assets (DTAs) and Liabilities (DTLs). Highlighting the importance of standards like SA 540, NFRA emphasises the need for rigorous scrutiny of managements tax assumptions.

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Taiwan's e-commerce market to grow by 7.9% in 2025

Future CFO

Taiwan's e-commerce market is expected to grow by 7.9% in 2025, according to a report by analytics company GlobalData. In its " Taiwan Cards and Payments Opportunities and Risks to 2028 " report, GlobalData found that the e-commerce transaction value in Taiwan has shown a steady increase, with the market size growing from US$31.0 billion in 2020 to US$47.6 billion in 2024.

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For India, Unilever says second half will be a better half

CFO News

Unilever's CEO Fernando Fernandez expressed confidence in India's economic outlook for the latter half of the year, despite recent challenges from significant food inflation. Highlighting India's affluent and economically active households, Fernandez remains optimistic about the countrys long-term growth potential and evolving consumer preferences, particularly in beauty and quick commerce sectors.

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I Bond’s fixed rate could fall at May 1 reset. Or not.

Tips Watch

5-year real yields are declining. What does it mean for TIPS and I Bonds? By David Enna, Tipswatch.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

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

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GST rates to be reduced further, rationalisation on the cards: FM Sitharaman

CFO News

Union Finance Minister Nirmala Sitharaman has said that Goods and Services Tax (GST) rates will be reduced further as the process of rationalising tax slabs is nearing completion.

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CFOs call for policy certainty, simplified compliance and strategic investments

CFO News

At the ETCFO Leadership Summit 2025, CFOs discussed how regulatory complexities, global standardisation, and workforce opportunities are shaping financial leadership today.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: U.S. Economy Shows Signs of Strain From Trumps Tariffs and Spending Cuts : Consumer and business sentiment is wobbling as fiscal support fades and fears rise that tariffs will lead to higher prices.( New York Times ) How the British Broke Their Own Economy : With the best intentions, the United Kingdom engineered a housing and energy shortage. ( The Atlantic ) see also How to lose the 21st century, in thre

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PepsiCo to double India revenue in 5 yrs, invest in capacity building in key market

CFO News

PepsiCo plans to double its revenue in India over the next five years, considering the country a key anchor market. The company is making aggressive investments to expand its capacity, focusing on sustainable solutions and region-specific strategies to drive growth in the Indian market.

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Tesla Backlash

Barry Ritholtz

This is UnitedHealthcare. This is what happens when the Democratic leadership is somnambulant, people take matters into their own hands. I don’t know if this news has made it into the right wing blogosphere. But in the mainstream press this week there have been all these stories about Tesla sales tanking. Significantly. And now people are attacking Tesla cars and dealerships and… We can’t say exactly how many people are responsible, but one thing is for sure, they’re tapp

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Live Demo - Supercharge your Month End Close

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

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Weaker dollar unlikely to help rupee amid tariff worries, importer hedging

CFO News

Indian Rupee: INDIA-MARKETS-Weaker dollar unlikely to help rupee amid tariff worries, importer hedging

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The big challenge that road freight, India's primary mode of transport, faces

CFO News

Road Freight: Modernising freight, especially through EVs and ZE-MHDVs, can slash emissions and costs.

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India's per capita CO2 emissions among lowest in world as green energy capacity surges

CFO News

According to figures compiled in the Hinrich-IMD Sustainable Trade Index (STI), India's per capita CO2 emissions are at a mere 1.9, compared to a corresponding figure of 15.2 for Canada, 15.1 in the case of Australia, and 14.4 for the USA.

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Japan’s Nippon Paint looks at fresh investments and acquisitions in India

CFO News

Nippon Paints, which started operations in India in 2006, currently has four business divisions -- auto refinish; decorative; industrial; and automotive paints (JV with Berger).

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Reliance Infrastructure to merge subsidiary Reliance Velocity in consolidation move

CFO News

Reliance Infrastructure Merger: The merger aims to streamline operations, improve efficiency, and reduce costs, pending regulatory approvals from the National Company Law Tribunal.

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Rs 17,000 crore IPO! Tata Capital’s D-St debut plan now hinges on NCLT nod for merger with Tata Motors Fin

CFO News

Tata Capital has plans to raise USD 2 billion through an IPO with expectations of a valuation around USD 11 billion. The move is conditional on the final approval of Tata Motors Finance's merger by NCLT, anticipated to complete by FY25 end. The offering includes fresh issues and sales by existing shareholders.

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New-age companies gear up to strengthen top deck

CFO News

Startups and new-age companies are bolstering their boards with high-profile independent directors to prepare for IPOs in the next one to two years. This surge is driven by regulatory pressures, evolving corporate governance standards, and the proactive involvement of private equity investors.

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Startup founders' salaries drop over 25 pc in India in FY24: Report

CFO News

The salaries of startup founders in India saw a significant decline in the financial year 2023-24 (FY24) as the average salary of 54 founders from 30 Indian tech startups fell by 25.4 per cent to Rs 5.44 crore from Rs 7.3 crore in the previous year.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

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.

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New drug export rule a bitter pill for sector, says Pharma body

CFO News

Pharmexcil urges a review of a new rule for drug exports in India, which requires a product registration certificate from the importing country or Indian regulator approval.

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Make, and believe in India: FM Sitharaman slams ‘nothing at all’ cynicism on country's growth story

CFO News

Finance Minister Nirmala Sitharaman urged corporate leaders to invest in India's growth, emphasizing the importance of capital commitment amid global uncertainties. Highlighting the success of startups, she called for collaboration and pragmatism in economic policies while encouraging industry leaders to speak up on investment concerns.

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Haier aims for $2 billion sales in India in next 3-4 years, to invest Rs 1,000 cr in manufacturing

CFO News

Haier Appliances India aims to achieve USD 2 billion in sales within the next 3-4 years, driven by product category expansion and channel growth. The company plans to invest over Rs 1,000 crore in new production facilities, projecting significant capacity increases to meet rising demand in the Indian market.

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Strong corporate balance sheets have laid the foundation for market recovery: Report

CFO News

The strong corporate balance sheets of companies in the current cycle lays the foundation for the market recovery, says a report by DSP AMC.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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India, EU to hold next round of FTA talks from Monday amid Trump tariff threats

CFO News

India and the European Union will commence their tenth round of negotiations for a proposed free trade agreement in Brussels. Key issues such as agricultural tariffs, auto import duties, and regulatory barriers will be the focus, with hopes to finalize the deal by the end of the year.

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Trump refuses to rule out recession, says economy in ‘transition’ amid market turmoil

CFO News

US President Donald Trump remains noncommittal about a potential recession in 2025. Despite reassurances from Trump and Commerce Secretary Howard Lutnick, economic indicators such as a negative GDP forecast and declining consumer confidence fuel concerns. Economists raise recession probabilities to 20%, amid market volatility and uncertainty over tariffs becoming permanent.