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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The proposed GST rate cut with denial of input tax credit to builders would come with the condition that builders must ensure 80% of the inputs are procured from GST-registered dealers. This comes as...
Feb 22, 2019
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Explaining the reasons for the surprise rate cut earlier this month, the Reserve Bank said on Thursday that the Monetary Policy Committee noted the “weakened growth momentum” amidst inflation cooling...
Feb 22, 2019
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The President on Thursday gave his assent to the amendments related to financial securities proposed in the Indian Stamp Act, 1899, clearing the way for states to collect stamp duty on securities...
Feb 22, 2019
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According to a survey by law firm Baker McKenzie, most mid-to-large sized Indian companies plan to increase their investment by 10 per cent in next two years regardless of political uncertainties,...
Feb 22, 2019
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The National Association of Software and Services Companies (Nasscom), the IT industry body, is discontinuing the practice of giving out revenue growth forecast for the $180-billion industry. Media...
Feb 21, 2019
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Care Ratings has raised questions on the availability of funds required by the government for bank recapitalisation, a report in FE Online said. The ratings agency said that it is not clear where the...
Feb 21, 2019
122
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Q. What do you think of the existing IA practices in India? What does it lack?  */ Anthony Crasto: Organisations initially considered Internal audit (IA) as a compliance mandate that was introduced...
Feb 20, 2019
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The Union Cabinet on Tuesday approved the National Electronics Policy, media reports. The policy targets domestic production of electronics goods to the tune of $400 billion by 2025 against the...
Feb 20, 2019
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Rules barring foreign funds from directly buying up bank loans are aggravating India’s distressed debt market, says Bank of America Corp. The US lender said that in the past year, it had to team up...
Feb 20, 2019
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The GST Council today deferred the decision on reduction in tax on under-construction houses to Sunday. In the Wednesday meeting of the GST Council the matter remained inconsclusive as some states...
Feb 20, 2019
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In a report titled ‘Indian Corporate 2019 Outlook - Time For Caution’, S&P Global Ratings has forecast that rated Indian corporates may likely face a slowdown in revenue growth over the next 12...
Feb 19, 2019
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The government announced its decision to raise angel tax exemption limit for startups today whose share premium do not exceed Rs 25 crore from earlier Rs 10 crore. The decision came two weeks after...
Feb 19, 2019
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Bengaluru-based technology company Infosys will settle with Sebi the former CFO Rajiv Bansal's severance pay case by paying Rs 34.4 lakh.   According to a report by Times of India, the...
Feb 19, 2019
122
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The global trade growth is likely to slow down further in January-March period of 2019, the World Trade Organization (WTO) has said.    The interovernmental organisation, in September last year...
Feb 19, 2019
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The bankers want speedy resolution of cases under the Insolvency and Bankruptcy Code (IBC). To this, they have suggested, among other things, the introduction of a mechanism to cut down unwanted...
Feb 18, 2019
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All states except Kerala and Telangana, and two Union Territories (with assemblies), will have higher annual threshold limits for mandatory registration for GST for goods suppliers. This will come...
Feb 15, 2019
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Pramod Chandra Mody,  a 1982-batch Indian Revenue Service (Income Tax cadre) officer, was on Friday appointed as the new chairman of the Central Board of Direct Taxes (CBDT).  CBDT is the policy...
Feb 15, 2019
120
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Mastercard Inc has appointed Sachin Mehra as CFO from April 1. He will succeed Martina Hund-Mejean, who is set to retire.    Mehra is currently serving as the company's Chief Financial...
Feb 14, 2019
155
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The uncertainty over Brexit deal and gloomy global growth has had its effect on the Britain's economy. According to the Office for National Statistics (ONS), UK recorded economic growth of 1.8 per...
Feb 12, 2019
164
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The fate of operational creditors in the Essar Steel insolvency case hangs in the balance, the Supreme Court (SC) on Monday dismissing a plea file by them.   The creditors had also sought to be...
Feb 12, 2019
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The income tax (I-T) department is likely to introduce features in its processes viz., team-based assessment, video-conferencing and electronic review of orders, to ensure hassle-free quality...
Feb 12, 2019
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India’s top 10 information technology (IT) companies hired 114,390 workforce in 2018, which is more than four-fold increase from the previous year, said a LiveMint story. It said the numbers are...
Feb 11, 2019
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State Bank of India (SBI) and Oriental Bank of Commerce (OBC) have put on sale financial accounts of the stressed companies. The move by these state-owned banks is aimed to recover dues of around...
Feb 11, 2019
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The International Monetary Fund (IMF) warned governments to gear up for a possible economic storm, with the world experiencing a dismal growth. “The bottom line — we see an economy that is growing...
Feb 11, 2019
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The latest edition of Global Economic Conditions Survey (GECS) from ACCA (the Association of Chartered Certified Accountants) and IMA (Institute of Management Accountants) finds India’s confidence is...
Feb 08, 2019
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In an acknowledgment of the improvement in India’s innovation ecosystem, the US Chamber of Commerce moved India up eight places in its international intellectual property (IP) index and has ranked...
Feb 08, 2019
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The Reserve Bank of India (RBI) has eased the external commercial borrowing norms to allow bidders under the Insolvency and Bankruptcy Code (IBC) to raise funds abroad to pay the debtor back home...
Feb 08, 2019
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Reserve Bank of India (RBI), in its sixth bi-monthly monetary policy statement for 2018-19, slashed repo rate by 25 basis points. The unexpected rate cut move left market experts and financial...
Feb 08, 2019
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If your PAN is not linked with Aadhaar number, you can not file income tax return (ITR). In a ruling, the Supreme Court of India has made linking of Aadhaar with the Permanent Account Number (PAN)...
Feb 07, 2019
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The Reserve Bank of India has cut the repo rate by 25 basis points in its sixth bi-monthly monetary policy statement for 2018-19.   The Reserve Bank of India, led by Governor Shaktikanta Das,...
Feb 07, 2019
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The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal for abolition of institution of income-tax ombudsman and indirect tax ombudsman.   The Institution of...
Feb 07, 2019
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The bank credit in India would grow at a average pace of about 13-14 per cent between 2018-19 and 2019-20, which is significantly faster compared with the 8 per cent recorded in FY2018, said a...
Feb 06, 2019
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The Reserve Bank of India is likely to change its monetary policy stance to "neutral" from "calibrated tightening" on Thursday and move closer to a rate cut in April as inflation remains below the...
Feb 05, 2019
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The Interim Budget estimate of 13.5% growth in gross tax revenue for FY20 on the back of a robust base of 17.2% growth in FY19 (revised estimate or RE) is somewhat too optimistic, says. Report in...
Feb 05, 2019
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A better enforcement of FDI policy in the e-commerce sector will contribute significantly to growth of this sector over medium and long term, Minister of State for Commerce and Industry C R...
Feb 05, 2019
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Hari L Mundra, Independent Director, Board of ICICI Bank & Visiting Professor at IIM - Ahmedabad: The malaise in the Indian economy has been deep rooted, destroying our pride and image. No...
Feb 05, 2019
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The International Monetary Fund (IMF) has warned that the world is at risk of a sharp downturn, as the global economy is weakening at a faster rate than expected, says a report in news.com.au...
Feb 04, 2019
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Foreign Portfolio Investors (FPIs) withdrew over Rs 5,300 crore from the Indian capital markets in January, according to a PTI report published in Financial Express. The FPI outflow is being seen...
Feb 04, 2019
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Sugata Sircar, CFO & Country Finance Partner – Greater India Schneider Electric: With the containment of inflationary pressure and fiscal deficit, a healthy FDI and stabilisation of key policy...
Feb 04, 2019
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The interim Budget 2019-20 has estimated the fiscal deficit at 3.4 per cent of GDP for the year 2019-20.    “The estimate of incomes and expenditure which I am presenting today, pegs the fiscal...
Feb 01, 2019
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Union Minister of Finance Piyush Goyal has said that income tax refunds will be processed within 24 hours and released immediately. "Within the next two years, the assessment of all tax returns...
Feb 01, 2019
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Union Finance Minister Piyush Goyal presented NDA government's last Budget in Lok Sabha today. Here are the high points: Union Cabinet held its meeting before today's Parliament session and...
Feb 01, 2019
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Vivifi India Finance Private Limited, a fintech non-banking finance company (NBFC), has appointed Narayanan Ramamurthy as the company's Chief Financial Officer (CFO).    Prior to this,...
Jan 31, 2019
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Chanda Kochhar, who was named as one of the world’s most powerful women by Forbes a year ago, is now removed as the chief executive officer (CEO) of ICICI Bank.   The ICICI Bank board, on...
Jan 31, 2019
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With the Supreme Court upholding the constitutional validity of the insolvency law and the Government of India directing lenders to resolve insolvency cases at earliest, the founders of the...
Jan 31, 2019
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