CFO India

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
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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
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The retrospective tax issue could soon find an amicable solution for some companies. Finance Minister Arun Jaitely said that the government has taken “one step forward” to resolve this dispute...
Mar 02, 2016
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“It’s time to buckle up.” Christine Lagarde, managing director of the International Monetary Fund Policy has advised policy makers to be prepared for more market volatility amid further financial...
Oct 15, 2018
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Economic Affairs Secretary S C Garg has called for quota reforms so that share of emerging nations increases in line with their growing economic position. He was stressing the need to strengthen...
Oct 15, 2018
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It seems the state-run banks are now looking for a safety cover and are seeking treatment of senior management in cases of frauds/mismanagement at par with private banks. According to media reports,...
Oct 15, 2018
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The first Human Capital Index (HCI), compiled by the World Bank as part of the World Development Report 2019, has not found favour with the Government of India that has raised “serious reservations...
Oct 12, 2018
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A new study states that the UK  lost out on £4.5 trillion over two decades because of its huge financial sector, according to a report in Independent.   The study by The Sheffield Political...
Oct 11, 2018
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The Institute of Chartered Accountants of India (ICAI) has sent showcause notices to the statutory auditors of the Infrastructure Leasing & Financial Services (IL&FS) group.   “The...
Oct 10, 2018
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India's corporate bond market which forms 17 per cent of the country's GDP against 123 per cent in the US and 74 per cent in South Korea, is highly concentrated in the AAA rated bonds, which may...
Oct 09, 2018
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The growth of non-bank financial companies will be a thing of the past, with revelation of money market defaults by Infrastructure Leasing & Financial Services (IL&FS).   NBFCs roped in...
Oct 08, 2018
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The World Bank has said growth in India is firming up and has projected it will accelerate to 7.3 per cent in the 2018­19 fiscal and 7.5 per cent in the next two years.    The Indian economy...
Oct 08, 2018
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In its fourth bi-monthly monetary policy statement of 2018, the Reserve Bank of India (RBI) has kept the repo rate (key lending rate) unchanged at 6.5 per cent.   The move to maintain status...
Oct 05, 2018
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In its latest survey, the International Monetary Fund has warned that even after 10 years aaof the global financial crisis, the world remains vulnerable to another meltdown.   The IMF released...
Oct 05, 2018
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ICICI Bank Managing Director Chanda Kochhar has resigned from the post, the lender said in a regulatory filing on Thursday. As per filing, the board of the bank has accepted the request of...
Oct 05, 2018
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Zendesk recently released the Zendesk Benchmark Guide for Enterprise, which outlines best practices for two different types of large companies: Digital Natives that have been considered digital...
Oct 04, 2018
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The mergers and acquisitions (M&As) involving Indian companies have been very robust in 2018. The value in the first nine months of 2018 have more than doubled, to a shade below the $100...
Oct 04, 2018
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In April-June 2018 year-­on-year basis, the gross revenue  of telecom service providers and licence fee paid to the government dipped by around 10 per cent to Rs 58,401 crore and Rs 2,929 crore,...
Oct 04, 2018
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India’s sovereign bond market continues to be battered and nothing seems to be helping it. The  government’s decision to cut its borrowing plan had raised some hope in the markets but it seems to...
Oct 03, 2018
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The government will decide whether the ousted directors of Infrastructure Leasing & Financial Services (IL&FS) can retain board memberships at other companies or take up new ones, a senior...
Oct 03, 2018
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The British government has introduced a policy where Indian workers will require the approval of their employers to come to UK.    As per current law, workers can bring family members if they...
Oct 03, 2018
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The manufacturing in India witnessed growth in September, with Purchasing Manager Index (PMI) rising to 52.2 per cent as against 1.7 per cent in August. This is the 14th consecutive month of...
Oct 01, 2018
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The Government of India has constituted a Competition Law Review Committee to review the Competition Act.   The move is in sync with its objective to ensure that legislation meets the needs of...
Oct 01, 2018
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Punjab National Bank's (PNB's) board has given its go ahead to a proposal for capital infusion of Rs 5,431 crore from the central government.   In a regulatory filing, the state-run bank said...
Sep 28, 2018
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The ongoing global trade war is set to open up opportunities for India as a bigger trading and manufacturing base, said Finance Minister Arun Jaitley.    Speaking at the annual session of PHD...
Sep 28, 2018
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The Union Cabinet, on Wednesday, approved the National Digital Communications Policy-2018 (NDCP-2018).   The Cabinet, chaired by Prime Minister Narendra Modi, re-named the Telecom Commission as...
Sep 27, 2018
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The US Federal Reserve, on Wednesday, raised interest rates by 25 basis points.    It maintained its plans to steadily tighten monetary policy, and forecast that the US economy would witness at...
Sep 27, 2018
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Finance Minister Arun Jaitley has said bad loans of public sector banks (PSBs) are on a fall and that the Indian economy is passing through a phase of good growth.   “Banks are very confident...
Sep 26, 2018
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Foreign direct investment (FDI) in the telecom sector grew five times in the last three fiscals – from $1.3 billion in 2015-16 to $ 6.2 billion in 2017-18, said Manoj Sinha, Minister of State for...
Sep 26, 2018
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India is expected to grow at a healthy 7.3% in fiscal year (FY) 2018-19 helped by improved domestic demand, steady revival in industrial growth and reduced drag from net exports, says a new Asian...
Sep 26, 2018
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Humans have the ability to creatively combine their memories to solve problems and draw new insights. The brain depends on memories for specific events known as episodic memory. But although...
Sep 24, 2018
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With United States announcing tariff hike against Chinese imports, a large number of Asian manufacturers are mulling shifting manufacturing base from China to other countries.    These...
Sep 24, 2018
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Most of the Indian companies see a significant growth in their business and growth prospects in July-September quarter of 2018-19 as against the previous quarter, said the Confederation of Indian...
Sep 24, 2018
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  Mindtree has appointed Pradip Menon as its Chief Financial Officer (CFO) with effect from Monday.   Mindtree is a global technology services and digital transformation company, with...
Sep 24, 2018
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World Bank approves framework to support India’s transition to high-middle income from a low-middle income country, a senior official told PTI.   With this, India is expected to receive $25-30...
Sep 21, 2018
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Philosophy: You Only Live Once “YOLO”   Political views: Sorry, but I am out of my depth in politics   Vision for self: Be remembered for creating tomorrow’s leaders   First job: ICI...
Sep 21, 2018
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With only 10 days left, foreign e-commerce companies, like Amazon, Google, Apple, have begun registering themselves for goods and services tax (GST) in all the states.   These companies have...
Sep 20, 2018
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The ever-falling rupee has aroused concerns in the market. However, a report by the State Bank of India and Nomura Holdings Inc. says Reserve Bank of India has enough money to defend the rupee...
Sep 20, 2018
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With rupee slumping to all time low, steel ministry has proposed duty hike on import of some steel products to 15 per cent, said a Reuters report quoting two sources.   The current import rates...
Sep 20, 2018
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Commerce and Industry Minister Suresh Prabhu has reiterated India's commitment to the rule-based multilateral trading system, and has called for collective action to revitalise the agency without...
Sep 19, 2018
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The government has given its go ahead for the merger of three public sector banks (PSBs) – Bank of Baroda, Vijaya Bank and Dena Bank.   The Alternative Mechanism headed by Union Finance...
Sep 18, 2018
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United States President Donald Trump, on Monday, imposed tariffs on another set of imported Chinese products worth $200 billion.   The new import taxes will be effective next week and it will...
Sep 18, 2018
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India has again deferred imposition of higher tariffs on some goods imported from the United States till November 2, a Reuters report said, specifying a government order.   This happens to be...
Sep 18, 2018
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The country's largest bank, State Bank of India announced that Prashant Kumar has taken charge as the Chief Financial Officer (CFO) of the bank.    He was appointed to the position after...
Sep 17, 2018
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The government is holding negotiations with the US on 25 per cent import tariff imposed on steel, Union Steel Minister Chaudhary Birender Singh said at an Assocham event held in New Delhi last week...
Sep 17, 2018
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With as much as Rs 80,000 crore stuck in litigation, the telecom department mulls framing plans, so that disputes with operators are minimised, said people with knowledge of the matter told ET...
Sep 13, 2018
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The state lender, Punjab National Bank (PNB), has put nearly two dozen non-performing accounts (NPAs) on sale to recover over Rs 1,320 crore.    The scam-hit bank has a wing to look into the...
Sep 13, 2018
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