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Q: What is it like to be a regional representative in India and what are the challenges that one has to face?A: In addition to my role as CFO of Freudenberg Chemical Specialities, a Business Group...
Aug 10, 2016
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2016 could easily be billed as the Year of Chaos. Predictably, major events unfolded in the year that led the world to question the very basics of institutions, governments, policies and politics....
Aug 08, 2016
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On June 24, 2016, Brexit became a reality, sending shudders across economies. Barely a week later, deadly terror attacks rocked Turkey and then Bangladesh. Elsewhere in the US, Donald Trump was...
Aug 08, 2016
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The finance functions in Indian companies are facing increasing demands as a result of the dynamically growing business environments, rapid technological changes, increased linkages with overseas...
Aug 08, 2016
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In the last edition we discussed market risk and this time we will discuss credit risk which is also applicable to several companies as they take loans and are not able to pay interest and/or...
Aug 08, 2016
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Concerned by possible defects in a multi-million dollar manufacturing deal between a Chinese-Japanese consortium that is building trains for Hong Kong’s underground rail system, reporters from...
Aug 08, 2016
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Now that subscribers constantly connect to their networks through voice, text, and other smartphone interactions, telecom companies have access to huge quantities of data. Yet relatively few of...
Aug 08, 2016
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I have been thinking of jotting down my thoughts on this topic for the past few months. The idea emerged in the last CFO conference where one of the topics was on a survey of soft aspects of...
Aug 08, 2016
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Who does not like a clean and pristine beach? Is it not wonderful to visit a clean and neat restaurant? When sick, nothing like being taken care of by a spotless, hygienic hospital.   But you...
Aug 08, 2016
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Q: How do you think the fundamentals of digital economies are different from that of traditional economies? A: Fast-emerging digital economies are the result of the transformational effects of...
Aug 08, 2016
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In an interview to CFO India, Kunal Kundu, India Economist, Societe Generale, talks about what makes India a bright spot amid gloomy times and why it can’t afford to be complacent. Edited Excerpts...
Aug 08, 2016
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“The global economy is at a disconcerting juncture. It is as challenging a moment as it gets for economic forecasting” - ominous words from Kaushik Basu, the World Bank’s chief economist and India’...
Aug 08, 2016
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An improvement in the domestic demand and export markets may see the domestic manufacturing sector post a higher growth during the July-September period.   Ficci’s quarterly survey on...
Aug 26, 2016
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The RBI announced a series of measures to boost the bond market, which also allows banks to issue masala bonds to raise additional Tier 1 capital. Fitch noted that RBI's move to allow masala bonds...
Aug 26, 2016
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Indian companies are relying less on overseas borrowings going by the recently released data by the country's apex bank.   The Reserve Bank of India's data release shows that corporates raised...
Aug 26, 2016
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National Payments Corporation of India (NPCI) rolled out Unified Payments Interface (UPI) on Thursday. The letter to this effect was issued to the banks by NPCI on Wednesday night asking them to make...
Aug 26, 2016
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India stood second in these investments according to an Accenture analysis with an investment of $339 million.    According to Accenture, established companies rather than startups are at the...
Aug 25, 2016
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Crimes in the cyberspace are rising rapidly even as the number of cases registered between 2011 and 2014 show a nearly 300 percent increase. An Assocham-PwC joint study has noted that cyber-attacks...
Aug 25, 2016
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Global financial major Goldman Sachs views India’s economic growth to come in at 7.9 percent on better monsoons, government pay hike, reforms and FDI flows. The growth could slow a tad to 7.8...
Aug 25, 2016
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India assumed the Chairmanship of BRICS for the year 2016, and a major political cum business engagement s scheduled to be held in October. Building momentum to the summit, India has initiated a...
Aug 24, 2016
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Pledging of shares by promoters in NSE-listed companies hit a 7-year high in June 2016. Across all NSE listed companies, the percentage of promoter holding pledged went up to 16.00 per cent as on...
Aug 23, 2016
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Expressing optimism over the Indian economy, President Pranab Mukherjee said India is set to expand at 7.5 per cent in the next two years, the PTI reported.    “We can say confidently that our...
Aug 23, 2016
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RBI Deputy Governor S S Mundra has said the pace of formation of new non-performing assets (NPAs) has decelerated and most of the banks are presently adequately capitalised to take care of minimum...
Aug 23, 2016
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The Government of India is considering the recommendation of Supreme Court-appointed Special Investigation Team (SIT) to ban cash transactions of above Rs 3 lakh in order to clamp down on black...
Aug 23, 2016
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FDI inflows and higher public spending is expected to boost growth in the Indian economy even as private sector activity is in the slow lane, according to a report by DBS.    The report says...
Aug 19, 2016
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A special court has charged former Coal Secretary HC Gupta, two public servants, and Vikash Metals and Power and its two officials on irregularities in allocation of coal blocks.    All the...
Aug 19, 2016
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In a move that could go a long way in deepening the bond market, a high-level panel has said that banks could be allowed to pledge corporate bonds as collaterals for borrowing under the liquidity...
Aug 19, 2016
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The Finance Ministry has asked other ministries to open e-FPB accounts (Electronic Focal Point Branch accounts) that will be used by the government to receive non-tax revenue payments like...
Aug 17, 2016
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The Indian Railways is looking at ways at reducing energy costs as a larger reform drive undertaken by the railways. The Indian Railways has firmed up plans to import crude oil directly and for...
Aug 17, 2016
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Foreign portfolio investors are satisfied with the tax currently levied on capital gains, according to a survey of FPIs conducted by PwC. Two out of three respondents felt that tax rates on capital...
Aug 17, 2016
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In a bid to encourage rupee-denominated bonds, also known as masala bonds, the government has said that they will not have to comply with certain rules under the companies law. Corporate Affairs...
Aug 16, 2016
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Governor Rajan has voiced his concerns over banks, particularly PSU banks in avoiding project and infrastructure loans. He chastised banks stating that they should tap their CASA deposits, which is...
Aug 16, 2016
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India’s Wholesale Price Index is rising alarmingly fast due to a build-up in inflation. The annual rate of inflation, based on monthly WPI, stood at 3.55% for the month of July, 2016 as compared to...
Aug 16, 2016
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Acknowledging the fact that credit availability is a big challenge for MSME sector, Finance Minister Arun Jaitley said that the amendments to the Companies Act 2013, which is being considered by...
Aug 12, 2016
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The Reserve Bank of India will transfer surplus money of year 2015-16 worth Rs 658.76 to the government. The amount was Rs 658.96 billion for the previous year.    “The (RBI Central) Board...
Aug 12, 2016
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India Inc earnings showed slight improvement for the first quarter of fiscal year 2016-17, registering 2 per cent sales growth and 0.9 per cent net profits. The industry had registered 0.7 per cent...
Aug 12, 2016
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The government has approved a proposal to develop ultra-advanced super critical technology for thermal power plants to ensure energy security. The government will provide budgetary support to the...
Aug 11, 2016
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The Union Cabinet chaired by Prime Minister Narendra Modi, on Wednesday, gave its approval to amend regulation for foreign investment in the Non- Banking Finance Companies (NBFCs).    “This...
Aug 11, 2016
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The government is keen to roll out Good and Services Tax (GST) from April 1, 2017. To ensure its smooth implementation, the government will launch an outreach programme to address the concerns of...
Aug 11, 2016
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The Government of India is streamlining filing and anti-dumping duty processes. The move will benefit the over $100 billion domestic steel sector, which is facing an onslaught of cheap imports...
Aug 10, 2016
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108 cell phone towers were found exceeding radiation limits in the last three years, Communications Minister Manoj Sinha said in the Lok Sabha. 72 cellphone towers exceeded radiation levels in 2013,...
Aug 10, 2016
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Various central government schemes have seen building of 2,23,814 houses in the last two years under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Rajiv Awas Yojana (RAY) and Pradhan...
Aug 10, 2016
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India is expected to have a total number of 180 million smartphones by 2019, doubling its global market share to 13.5 per cent from 7.6 per cent at present. According to a study by Assocham in...
Aug 10, 2016
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The inflows of Rs 1.37 trillion into liquid, income and equity led Indian mutual fund industry to a record high of over Rs 15 trillion assets under management (AUM) mark last month. The data by...
Aug 10, 2016
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Gross non-performing assets (GNPAs) of the public sector banks increased Rs 2.16 lakh crore in 2013-14 to Rs 4.76 lakh crore in 2015-16, Minister of State for Finance Santosh Kumar Gangwar told the...
Aug 09, 2016
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Power purchase agreements in excess of power demand are likely to dent net profits of state power distribution companies by Rs 8000 crore, according to India Ratings and Research. Ind-Ra's expects...
Aug 09, 2016
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The Reserve Bank of India has kept interest rates on hold as was widely expected, and maintained the repo rate at 6.5 percent. RBI has also held reverse repo rate and the cash reserve ratio at status...
Aug 09, 2016
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Steel consumption in the country has dipped by 7.4 percent to 6.3 million tonnes (MT) in July as compared to the previous month of June 2016.  The data points out that the consumption of steel was...
Aug 08, 2016
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As many as 112 projects of the National Highways Authority of India are running late on account of factors like delay in land acquisition and regulatory hurdles, said Minister of State for Road...
Aug 08, 2016
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A Bill to speed up debt recovery together and the bankruptcy law passed earlier is credit positive for India, Moody’s Investors Service has said. The Enforcement of Security and Interest and...
Aug 08, 2016
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