Homepage

Sunil Sayal, CFO, Nokia Solutions   On the macro side, this Budget has put aside a larger proportion of resources for the upliftment of social standards and the rural population, namely...
Feb 02, 2018
1,770
0
Vishesh C Chandiok, National Managing Partner, Grant Thornton India LLP: Overall, Budget 2018 is very much aligned to the macro-global direction – reduction in corporate tax rate, protecting...
Feb 01, 2018
850
0
Q: What would you say is behind the optimistic economic outlook among the CFOs and how is it impacting their business sentiments? Porus Doctor (PD): The Deloitte CFO Survey 2018 reveals that 64 per...
Jul 13, 2018
123
0
On 6 June 2018, the Central Government issued another ordinance amending the Insolvency and Bankruptcy Code, 2016 (IBC). This is the third instance in a little more than half a year, of the IBC...
Jul 13, 2018
277
0
The total retail sales in India is likely to increase from $717.73 billion during calendar year (CY) 2014 to touch $1,244.58 billion by 2018, growing at an impressive rate of about 15 per cent and...
Jul 12, 2018
140
0
The format for annual returns and audit is likely to be approved by GST Council in its next meeting scheduled to be held on 21 July. The move is aimed at checking tax evasion.   The GST Council...
Jul 10, 2018
159
0
“Time is more value than money. You can get more money, but you cannot get more time.” JIM ROHN   “If you do not find a way to make money while you sleep, you will work until you die.” WARREN...
Jul 09, 2018
312
0
The Reserve Bank of India (RBI) and the Finance Ministry should work in unison to ensure that rupee does not face any more significant fall from the current levels, as the country could then be...
Jul 04, 2018
139
0
The Government of India and banks, on Monday, came up with a new strategy to revive stressed assets outside the Insolvency and Bankruptcy Code (IBC).   It includes mechanisms like asset...
Jul 03, 2018
203
0
The Government of India might strike off as many as 1,313 companies from the registrar of companies’ (RoC) database, which have failed to file annual reports for two years.    The move is a...
Jul 02, 2018
222
0
Q: What are the factors driving the optimistic business outlook in India and globally?   Saru Kaushal (SK): There are enough reasons to cheer in 2018 with political change and global trade...
Jul 02, 2018
353
0
Kaya Limited has announced that Saurabh Shah will be the new Chief Financial Officer (CFO) of the company, which will be effective from July 14.   In a filing to stock exchanges last week, the...
Jul 02, 2018
164
0
Srei Infrastructure Finance has announced appointment of Sandeep Kumar Sultania as its Chief Financial Officer (CFO). His appointment will be effective from July 5.   In a filing to stock...
Jul 02, 2018
270
0
The Ministry of Corporate Affairs (MCA), on Wednesday, put before public draft note on cross-border insolvency.    In a statement, the ministry said, "The MCA is keen to introduce a globally...
Jun 21, 2018
275
0
Excludiung women from workforce has been a loss to big Asian economies like China and India. If these countries address this issue, then the gross domestic product (GDP) can be as high as 18 per...
Jun 21, 2018
359
0
India is likely to achieve double digit growth by the fourth quarter of this year, said Piyush Goyal, Minister for Finance, Railways and Coal.   He said there was a demand uptick in the economy...
Jun 20, 2018
249
0
The roll-out of goods and service tax (GST), which is regarded as one of the biggest tax reforms post Independence, has resulted in formalisation of economy and information flow, consequently,...
Jun 19, 2018
164
0
The Government of India should work to drive cross-border collaboration with countries leading in AI (artificial intelligence) research, suggests a joint study by Assocham and PwC.    As per it...
Jun 19, 2018
199
0
Forward-thinking asset managers need to embrace a long-term data-driven approach to their operations. Asset managers globally are collectively on a critical journey to modernize their technology...
Jun 19, 2018
369
0
Sugata Sircar, CFO and Country Finance Partner – Greater India, Schneider Electric talks on the role of CFOs in this ever-changing business environment. He also puts forth his thoughts in detail on...
Jun 18, 2018
360
0
The Government of India is committed to meet the fiscal deficit target of 3.3 per cent for 2018-18, interim Finance Minister Piyush Goyal said.   He said the government will meet all economic...
Jun 18, 2018
166
0
In it first major exercise after the appointment of former Union secretary B P Sharma as its chairman, Banks Board Bureau (BBB) has recommended 22 general managers to be elevated as executive...
Jun 18, 2018
302
0
The Department of Telecommunications (DoT) might give conditional go-ahead to the merger of Vodafone India and Idea Cellular today, say media reports.   The deal between the country's second...
Jun 18, 2018
369
0
Baby Sharma has been appointed as the Chief Financial Officer (CFO) of AGI Infra Limited effective today.   She will replace Bhimanshu Gupta, whose resignation will be effective from June 14...
Jun 15, 2018
301
0
The Board of Directors of Fedders Electric and Engineering Limited (formerly Fedders Lloyd Corporation Limited) has appointed Rajeev Kumar Bansal as the Chief Financial Officer (CFO) of the company...
Jun 15, 2018
336
0
The Financial Stability and Development Council (FSDC) sub-committee headed by RBI governor Urjit Patel, on Thursday, looked into the insolvency resolution process under the Insolvency and...
Jun 15, 2018
165
0
Fitch Ratings, on Wednesday, upped India's economic growth forecast to 7.4 per cent for 2018-19.   Earlier, the global ratings agency had projected GDP growth at 7.3 per cent for 2018-19 and 7....
Jun 15, 2018
687
0
The Insolvency and Bankruptcy Board of India (IBBI) has penned down a regulation on fees payable to an insolvency professional and expenses incurred by him during the corporate insolvency...
Jun 14, 2018
237
0
The United States Federal Reserve, on Wednesday, raised interest rates by 25 basis points.    With this, the Federal Reserve has hiked interest rates for the second time this year and the...
Jun 14, 2018
161
0
General Motors, on Wednesday, announced Dhivya Suryadevara as the Chief Financial Officer (CFO) of the company.   Suryadevara, 39, is currently working as the vice president of corporate...
Jun 14, 2018
511
0
The country's largest bank, State Bank of India, has planned to pursue a two-pronged strategy comprising portfolio reordering that will reduce the credit risk-weighted assets (CRWA) to total...
Jun 13, 2018
237
0
The Government of India has extended special refund drive till Saturday. The fortnight drive, which was launched by the Government of India on May 31, was set to expire tomorrow.   "In view of...
Jun 13, 2018
164
0
After nearly a decade, the government has set out to revisit and revamp one of the most crucial pieces of legislature in the Indian context, i.e., the Income Tax Act, 1961 (“ITA”). Considering the...
Jun 13, 2018
445
0
RBI governor Urjit Patel has suggested central bank nominee to refrain from the boards of public sector banks (PSBs) to avoid "any conflict of interest".   Patel told this while briefing...
Jun 13, 2018
196
0
The Reserve Bank of India (RBI) has drafted guidelines on the loan system for delivery of bank credit.   The move is aimed to bring credit discipline among large borrowers, enjoying working...
Jun 12, 2018
309
0
Banks will have their task cut out in the coming years, According State Bank of India, the country’s largest public sector bank, it will be a very challenging time for banks and not only because...
Jun 12, 2018
369
0
All 21 public sector banks (PSBs) have incurred a whole loss of Rs 873.57 billion in the 2017-18 fiscal. These banks had posted a net profit of Rs 4.73 billion in 2016-17.   Punjab National...
Jun 12, 2018
188
0
The country's largest bank SBI will conduct auction of 12 non-performing accounts (NPAs) on June 25.   The move is aimed at recovering dues of over Rs 13.25 billion.   The accounts which...
Jun 11, 2018
171
0
The latest data released by Insolvency and Bankruptcy Board of India (IBBI) reveals that lenders of 12 bankruptcy-hit companies were able to get back 70 per cent of the total amount claimed in the...
Jun 11, 2018
194
0
Authority of Advance Ruling (AAR) unit of Andhra Pradesh has said the goods and services tax (GST) will be levied on the goods supplied from Customs warehouse to merchant vessels on a foreign run...
Jun 11, 2018
179
0
Jayanta Kumar Haribandhu Pani has resigned from the post of chief financial officer (CFO) of GTPL Hathway. His resignation will be effective 30 June 2018.   Pani joined the company in November...
Jun 11, 2018
291
0
Creativeland Asia Group has appointed Venkat Balasubramanian as its Group CFO. Currently, Balasubramanian is serving as the Chief Investment Officer of Ventureland Asia.   Ventureland Asia is a...
Jun 11, 2018
277
0
Revathi Equipment Limited has appointed R Sudhir as Chief Financial Officer (CFO) of the company. His appointment comes into effects from 09 June 2018.   Sudhir's appointment comes after the...
Jun 11, 2018
394
0
The Government of India appointed task force has identified nearly 2,25,910 shell firms, which will be removed from the register of companies in the current financial year.    As per an...
Jun 08, 2018
348
0
Moody’s Investors Service, on Thursday, said the Government of India can achieve its fiscal deficit target of 3.3 per cent of GDP in 2018-19, with its commitment to fiscal consolidation.   It...
Jun 08, 2018
238
0
India's economic growth accelerated to 7.7 per cent of GDP in the January-March period of last fiscal.     Even Reserve Bank of India estimated GDP growth rate of 6.7 per cent for 2017-18 and 7...
Jun 08, 2018
205
0
PERSONAL   Philosophy: Count your blessings and be happy   Political views: Liberal   Vision for self: To keep pace and adopt to the tectonic transformations taking place in the outside...
Jun 08, 2018
393
0
Reserve Bank of India appointed Sudha Balakrishnan as its first Chief Financial Officer (CFO) effective May 15.    Before joining RBI, Balakrishnan had been working with National Securities...
Jun 08, 2018
290
0
Homebuyers will now be considered as financial creditors to real estate developers.   President Ram Nath Kovind has given his assent to promulgate an ordinance amending the insolvency law...
Jun 07, 2018
203
0
India might regain its position as the world's fastest growing major economy with growth rate at 7.3 per cent this fiscal year and 7.5 per cent in the next two "as temporary policy-driven factors...
Jun 07, 2018
214
0