Global Finance

OCTOBER 6, 2024

Bhutan is banking on a unique mix of abundant energy, a clean environment, and wellness entrepreneurism to lure foreign investors. A constitutional monarchy of 800,000 people, Bhutan is nestled in a region that’s home to nearly 3 billion. Bordered by China to the north and India to the east, west and south, the Himalayan nation installed a new government in January under Prime Minister Tshering Tobgay, who returned to office after an earlier five-year stint that ended in 2018.

Economics 59

Economics Education Investments Forecasting 59

Barry Ritholtz

OCTOBER 5, 2024

The weekend is here! Pour yourself a mug of Colombia Tolima Los Brasiles Peaberry Organic coffee, grab a seat outside, and get ready for our longer-form weekend reads: • After Shark Tank, Mark Cuban Just Wants to Break S**t—Especially the Prescription Drug Industry : The billionaire is done with his hit TV show, but he’s still invested in fighting pharma’s middlemen, being a dad, and needling Elon Musk. ( Wired ) • Is the World Really Running Out of Sand?

Nonprofit 62

Nonprofit Healthcare Investments Numbers 62

CFO News

OCTOBER 6, 2024

The government on Sunday said it has earmarked Rs 1,000 crore for venture fund to space startups, an indication of high priority that the government gives to the space sector.

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Global Finance

OCTOBER 6, 2024

Teresa Ribera’s appointment as European Union executive vice-president for a Clean, Just and Competitive Transition places her in the hybrid job of EU competition chief, net-zero emissions architect and economic transformer. Replacing Margrethe Vestager, European Commission (EC) vice-president for a Europe Fit for the Digital Age and Competition, Ribera is currently Spain’s third vice-president and minister for the Ecological Transition.

Valuation 52

Valuation Economics Finance Investments 52

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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

Finance

Global Finance

OCTOBER 6, 2024

Global Finance: What’s driving the current interest in sports finance? Neil Barlow: The ownership of major sports franchises has often been the preserve of wealthy billionaires. US investors look toward European soccer and say, “There’s this amazing asset that has global appeal across Asia, the Middle East, South America … but how come their valuations don’t match that of an NFL team?

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Valuation Investments Finance Numbers 52

CFO News

OCTOBER 5, 2024

Aggarwal has joined the RP Sanjiv Goenka Group as President of Value Creation, following his resignation in September as CFO of HCL Technologies to explore new career opportunities.

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CFO Technology 40

CFO News

OCTOBER 6, 2024

India's economic growth has held up well despite global challenges, CII said, asserting that the upcoming festive season portends well for fortifying growth prospects further.

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CFO News

OCTOBER 6, 2024

The Union Minister further said Micron Technology will roll out the first made-in-India chips by early 2025. The construction work of the CG power semiconductor facility is going on. And in Tata's ATMP facility in Assam, construction work is going on very well, he said.

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CFO News

OCTOBER 6, 2024

Indian equity indices opened in the green on Monday following global cues from the US and Asian markets.

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Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

Accounting

CFO News

OCTOBER 6, 2024

With large IPOs from Hyundai, Swiggy, Afcons, Waaree and NTPC Green expected in the second half, the primary market is projected to raise over ₹1.5 lakh crore through IPOs alone this financial year, positioning investment bankers for a boom year.

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CFO News

OCTOBER 6, 2024

Congress claims the Indian economy faces major challenges. It points to low private sector investment, stagnating manufacturing, and a decline in real wages and productivity. High tariffs and Chinese imports hurt manufacturing. Low wages and productivity hit consumer demand, affecting investment. These could harm long-term economic growth if unaddressed.

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CFO News

OCTOBER 6, 2024

The Indian government seeks insights from the private equity and venture capital sector on global tax practices for fund managers' carried interest as it examines the imposition of GST on such earnings. A recent Supreme Court decision helps facilitate ongoing discussions about aligning with international tax norms.

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CFO News

OCTOBER 6, 2024

The Reserve Bank of India faces a triple challenge: geopolitical uncertainty in the Middle East, inflation driven by fluctuating farm output, and softening economic growth. As the Monetary Policy Committee convenes, the focus is on liquidity and deposit crunches rather than merely interest rates.

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Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Securities

CFO News

OCTOBER 6, 2024

500 companies like ITC, Reliance Retail, and TCS are partnering in the PM internship scheme launched on October 3. The internship targets candidates aged 21-24, offering a monthly stipend of ₹5,000. Roles span sales to farm-focused areas, with an emphasis on hiring women to increase diversity in the workforce.

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CFO News

OCTOBER 6, 2024

High taxes under India's GST regime are hampering the growth of the carbonated soft drinks sector, despite initiatives like 'Make in India' and 'Aatmanirbhar Bharat'. With a total tax rate of 40%, India has one of the highest rates globally, hindering innovation and investment. The market remains underdeveloped compared to other developing nations.

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CFO News

OCTOBER 6, 2024

The government has already taken a series of steps like rolling out the production-linked incentive scheme (PLI) for 14 sectors, tweaking tariffs and issuance of mandatory quality control orders for different products to support domestic players and increase manufacturing activities, they added.

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CFO News

OCTOBER 6, 2024

Nearly half of India's manufacturing sector workers are self-employed. This trend is linked to the rise of startups and entrepreneurship. In other sectors like agri and transport, self-employment is also high. Data shows more women in manufacturing prefer self-employment over regular jobs. Many women run businesses from home, focusing on consultancy and design.

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Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

Leadership

CFO News

OCTOBER 6, 2024

Several Indian conglomerates, including Tata and Reliance, are recruiting expatriates and returning Indians for new ventures in renewable energy, semiconductors, and electric vehicles. They are addressing local talent shortages by hiring professionals from the US, Europe, and Asia-Pacific at senior levels. This move is aimed at supporting their expansive growth and innovation plans.

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CFO News

OCTOBER 6, 2024

Salary increases in IT companies have shifted from the traditional April-June period to later in the year, influenced by fluctuating demand. This shift has led to unpredictable hikes and varied timing, with factors like high attrition and sluggish demand influencing decisions.

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CFO News

OCTOBER 6, 2024

The Adani Group, India's second-biggest cement maker, had entered the sector by acquiring Holcim's India operations in 2022. As with Holcim, Adani intends to move fast to close the deal, said the people cited. Ambuja Cements had cash and cash equivalents of Rs 18,299 crore on June 30, 2024. However, the Indian conglomerate may opt out of a deal if it becomes a full sale process involving other contenders, one of the persons said.

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CFO News

OCTOBER 6, 2024

Reliance Jio and Bharti Airtel are delaying further expansion of their 5G networks due to low capacity utilization and pending monetization. Both companies are focusing on upgrading their 4G users to 5G, with Jio already covering over 90% of India's population and leading in 5G user base.

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Concentration

CFO News

OCTOBER 6, 2024

The Supreme Court's ruling on input tax credit for immovable property establishes that buildings intended for rental services may be classified as "plant," crucially hinging on a functionality test. CFOs express optimism, highlighting potential cost reductions.

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CFO News

OCTOBER 6, 2024

External Affairs Minister Dr S Jaishankar warns that AI will be as significant as nuclear weapons were in the past. Speaking at the Kautilya Economic Conclave in New Delhi, he emphasizes the long-term impacts of AI on the global ecosystem. He criticizes the United Nations for not adapting to current times, comparing it to an outdated business.

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CFO News

OCTOBER 6, 2024

With competition intensifying and subscriber growth plateauing, these platforms are now prioritising sustainability. Traditional business profits are under pressure, and external funding is becoming scarce, leading to a decline in aggressive OTT investments. Previously, large media companies funnelled profits into OTT, viewing it as a future-oriented business.

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CFO News

OCTOBER 6, 2024

This would mark the tenth consecutive meeting where the RBI has kept rates steady, despite some variations in expert predictions for future rate cuts later in the fiscal year.

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Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.

Compliance