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What macro risk factors should India CFOs watch out for in 2023?

CFO News

While the Indian economy is set to retain the fastest growing tag in the next year too, a weakening rupee, global slowdown, rising deficit and poor harvest remain risk factors.

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Flipkart Ups Its Offer For Snapdeal

PYMNTS

Flipkart, the Indian eCommerce company moved to raise its offer of to up to $950 million for Snapdeal, boosting the chances of the deal going through. A previous Reuters report pegged the price tag for the deal at between $800 million and $850 million, which Snapdeal’s board rejected. Flipkart is backed by Microsoft Corp.,

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Big Tech Compliance Tracker: Facebook Backs Data Portability Law, Amazon Considers Registering Services As Separate Entities In India

PYMNTS

The news comes as a new Indian equalization measure came into existence in 2020 that puts a 2 percent tax on every digital transaction that foreign online shopping firms conduct. Amazon is reportedly considering registering a portion of its entities, like Amazon Music, Audible and Prime Video, in India, CNBC TV18 reported.

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AI Startup Mad Street Den Closes Series A Round Of Funding

PYMNTS

million round of seed financing, which, according to a report , was the largest seed round raised by a startup ever in the Indian ecosystem. It comes nearly a year-and-a-half after the startup, Mad Street Den , closed a $1.5 The company is registered in the U.S., but the husband and wife team behind it works mainly out of India.

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ToneTag CEO Sounds Off On Payments At The Speed Of Sound

PYMNTS

billion Indians can’t access pre-existing digital payment systems,” he told PYMNTS, “and fewer still can access the evolving developments or leading technologies which make payments easier.”. Only 200 million of that tally, said Abhishek, have smartphones. In such a scenario, a vast majority of 1.3

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Bitcoin For Night Owls

PYMNTS

Purse And Unocoin Want A Piece Of Amazon’s Indian Pie. Amazon is set to become the eCommerce leader in India, and bitcoin companies are keen to tag along for the ride. A partnership that might influence bitcoin’s adoption is between Purse, a bitcoin eCommerce startup, and Unocoin, an Indian bitcoin exchange.

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Why It Pays To Break A 108-Year-Old Curse

PYMNTS

The Cubs defeated the Cleveland Indians 8-7 after undergoing a gut-wrenching 10-inning ball game to clench the title of MLB World Series Champions. According to ChicagoInno , Uber even surprised a select few fans by allowing former Cubs outfielder Andre Dawson to tag along on some rides. They won the World Series.