Sun.May 25, 2025

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ONGC makes promising oil, gas discoveries in Mumbai offshore

CFO News

Oil and Natural Gas Corporation has announced significant oil and gas discoveries in the Mumbai Offshore basin. These finds, named Suryamani and Vajramani, were made in blocks awarded under the Open Acreage Licensing Policy.

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1100: Lines, Not Dots: Turning Optionality into Outcomes | Chad Gold, CFO, Fullstory

CFO Thought Leader

Imagine an accountsreceivable clerk clicking through four different systems just to finish one routine task. ChadGold sees that bottleneck instantly. Fullstorys newly launched Workforce product maps every mousestroke of such employee journeys, then surfaces friction points so companies can make them more productive, so they can do even more valueadded things, Gold tells us.

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RBI may extend lending to NBFCs, MFs during crises

CFO News

The Reserve Bank of India is contemplating expanding its role as lender of last resort to include NBFCs, mutual funds, and microfinance institutions during extreme liquidity crunches. This consideration stems from increased interconnectedness within the financial system and the potential for contagion.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetence, corruption, and policy failures: The Era Of The Business Idiot. The article revealed that assume we believe him, and this wasnt merely a thinly-veiled advert for Microsofts AI tech Copilot consumes Nadellas life outside the office as well at work.( Where’s Your Ed At ) Americas Sports Betting Boom Is About to Backfire : For every dollar in gambling tax revenue, U.S. states spend under a penny on problem gambling.

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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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Tata Motors’ EV biz one of the few to report positive Ebitda margin

CFO News

Tata Motors' EV business achieved positive EBITDA margin last fiscal year. This was supported by localisation, cost cuts, and PLI benefits. The company's EV sales and market share declined amid competition.

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India registers 3-fold growth in renewable energy capacity to 232GW in last decade

CFO News

India's renewable power capacity has surged threefold in the last decade, reaching 232GW, driven by significant growth in solar and wind energy. Solar module manufacturing has skyrocketed, transforming India into a global leader with ambitious targets for 2030. The nation is also expanding biopower generation and compressed biogas production, aiming for energy self-sufficiency and reduced import dependence.

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India gains as US tariffs rise: Local firms see export boom

CFO News

Indian companies, including Dixon Technologies and Tata Consumer Products, are experiencing increased demand from US partners due to the US tariff scenario. CEOs anticipate the India-US bilateral trade agreement will further boost business. While some companies face short-term margin pressure, they remain optimistic about growth and demand, particularly in exports to North America.

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Tata Group investing big in hotels in northeastern states with rising tourist footfall

CFO News

Northeast India is becoming a tourism hotspot, attracting hotel investments. IHCL plans to invest 2,500 crore, aiming for 30 hotels by 2030, focusing on sustainable luxury and community development. Polo Towers Group is also expanding, planning seven new hotels, driven by improved connectivity and the UDAN scheme, making them the largest hotel company in the northeast.

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Zepto founder Aadit Palicha alleges smear campaign by rival CFO as quick commerce race heats up

CFO News

Zepto's cofounder, Aadit Palicha, accused a rival company's CFO of orchestrating a smear campaign by spreading false information to investors and media. Palicha defends Zepto's financial health, citing significant growth in gross order value and Ebdita improvement. He asserts the company's strong cash position and denies plans for large-scale store closures.

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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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Centre to safeguard national interests as global satcom players seek entry

CFO News

Currently, the Indian participation is minimal in the satcom market, particularly in the low-earth orbit (LEO), which is increasingly becoming lucrative from a communications point of view.

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Adani Group ahead of two others in race for Diamond Power stake

CFO News

DPIL is a vertically integrated power infrastructure company with a presence across cables, conductors, transmission towers, and power transmission and distribution segments. The company is also engaged in manufacturing and installation of transmission line towers and parts on a turnkey basis.

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Adani Group ahead of two others in race for Diamond Power stake

CFO News

DPIL is a vertically integrated power infrastructure company with a presence across cables, conductors, transmission towers, and power transmission and distribution segments. The company is also engaged in manufacturing and installation of transmission line towers and parts on a turnkey basis.

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Jaiprakash Associates' lenders approve Rs 936 cr cash outflow in June quarter

CFO News

Jaiprakash Associates' lenders have approved a Rs 936.27 crore cash outflow for the current quarter to maintain operations amidst insolvency proceedings. The approved funds will cover operational and one-time expenses, ensuring the company remains a going concern. Simultaneously, the Enforcement Directorate initiated searches at the company's offices on May 23, with Jaiprakash Associates fully cooperating with the investigation.

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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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UP government to invest Rs 6,124 crore on building ring roads, bypasses

CFO News

The Uttar Pradesh government is poised to invest Rs 6,124 crore in constructing ring roads, bypasses, and flyovers to enhance connectivity and traffic management across the state. The Public Works Department's blueprint for the financial year 2025-26 includes 62 projects, prioritizing high-density regions and areas with heavy vehicular movement.

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India's auto sector duty concession offer to UK under FTA is very nuanced: Official

CFO News

Import duties will be reduced over 10-15 years with adequate safeguards for sensitive sectors. The agreement aims to double two-way commerce by 2030, benefiting companies like Tata-JLR.

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3.5% remittance tax: Sending money from US to India to upset many; here's what NRIs can do to save tax on remittances

CFO News

An upcoming US bill imposes a 3.5% tax on remittances sent by non-citizens, impacting Indians who are a significant portion of the US immigrant population. This tax, aimed at protecting US dollar outflow, may affect investments and corporate mobility programs. Experts suggest it could discourage remittances to India and prompt increased US investments.

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Fake finfluencers misleading common man: What is SEBI doing to rein in the menace and is it enough?

CFO News

SEBI is actively working to curb the menace of misleading financial advice from unregulated influencers by restricting partnerships between registered entities and unregistered individuals. These measures include banning associations with those providing stock recommendations without permission and disallowing the use of live stock prices in educational content.

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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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ED raids portfolio management firm operating without SEBI registration

CFO News

The Enforcement Directorate's (ED) Ahmedabad Zonal Office has conducted search operations, under the provisions of the Prevention of Money Laundering Act (PMLA), at four locations in Ahmedabad and Junagadh, concerning a portfolio management company operating without registering with the market watchdog SEBI, a statement said on Sunday

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Why US banks are exploring joint stablecoin venture to enter crypto market

CFO News

The planned initiative, still in its exploratory phase, represents a coordinated move by regulated financial institutions to create a blockchain-based digital dollar.

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JSW poised to acquire Akzo Nobel India for $1.1 billion

CFO News

JSW Paints is poised to acquire Akzo Nobel India, valuing Akzo Nobel NVs stake at approximately Rs 9,000 crore. This acquisition will position JSW Paints as a significant player in both the decorative and industrial paints sectors in India. The deal, expected to finalize by mid-June, involves an open offer for an additional 26% of the company's shares.

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Rupee may see gradual gains on dollar weakness, capital inflows: Forecasters

CFO News

Bank of America revised its year-end forecast to 84 per dollar, up from 87 earlier, while MUFG, ANZ, and Goldman Sachs have made similar upgrades, projecting a stronger rupee by December.

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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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Walmart's Indian-origin CFO 'blamed' as the world's largest retailer cuts 1500 technology jobs

CFO News

Walmart recently cut 1500 jobs as part of a restructuring effort, sparking debate around H-1B visas and scrutiny of Indian-origin CTO Suresh Kumar. The layoffs, primarily impacting the technology department, aim to streamline operations amid evolving technological demands. Walmart maintains the layoffs are part of a cost-cutting strategy and not directly tied to H-1B hiring.

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Rs 7 lakh crore boom in just 10 days! Is the smallcap stocks party getting out of hand?

CFO News

Smallcap stocks have surged, adding Rs 7.3 lakh crore to investor wealth in just 10 sessions, fueled by stock-specific triggers and retail investor enthusiasm. While some experts see justified valuations due to growth, others caution against stretched valuations and potential herd behavior, highlighting the risks of chasing momentum after a prior correction.

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Delhi HC dismisses Rs 1,300 cr damages appeal by Kalanithi Maran & KAL Airways against SpiceJet

CFO News

The Delhi High Court's Division Bench has dismissed the appeal by KAL Airways and Kalanithi Maran, who were seeking over 1,300 crore in damages from SpiceJet. These claims had already been rejected earlier by an Arbitral Tribunal consisting of three retired Supreme Court judges and later by a Single-Judge Bench of the Delhi High Court. The latest ruling reaffirms those earlier decisions.

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RBI said to be seeking approval for overseas rupee lending to neighbours

CFO News

The Reserve Bank of India (RBI) is seeking government approval to allow domestic banks to lend rupees to overseas borrowers, initially focusing on neighboring countries like Bangladesh, Bhutan, Nepal, and Sri Lanka. This initiative aims to promote the rupee's use in international trade, reduce reliance on currency swap arrangements, and facilitate easier trade settlements while mitigating foreign exchange volatility.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.