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 board of the Reserve Bank of India (RBI) is holding a meeting to decide on a new economic capital framework (ECF) for the central bank and relaxation in prompt corrective action (PCA) norms for...
Dec 14, 2018
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The global debt has reached an all-time high of $184 trillion, said a report by International Monetary Fund (IMF), adding three countries — the United States, China and Japan — accounting for more...
Dec 14, 2018
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A survey by Gartner said over 87 per cent of organisations have low business intelligence (BI) and analytics maturity, and this creates a big obstacle for organisations wanting to increase the...
Dec 07, 2018
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Corporate India has come of age now when it relates to adopting technology to tackle fraud. The companies surveyed, recently by Deloitte India, showed far more optimism than they had in earlier...
Dec 07, 2018
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In its latest forecast, Fitch Ratings, a global ratings agency, has lowered India’s GDP growth forecast to 7.2 per cent for fiscal 2018-19. In its previous forecast in June, the agency had...
Dec 07, 2018
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London is set to lose up to 800 billion euros ($909 billion) of assets by March next year, according to lobby group Frankfurt Main Finance (FMF). The loss will be brought about by banks moving...
Dec 06, 2018
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The Pradhan Mantri Awas Yojana - Urban (PMAY-U), being implemented by the Ministry of Housing and Urban Affairs under the mission ‘Housing for All by 2022’ since June 2015, needs a concerted push...
Dec 06, 2018
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PM Narendra Modi led Appointments Committee of the Cabinet today cleared the appointment of A N Jha as finance secretary.   Jha, who is currently serving as Secretary, Expenditure, will succeed...
Dec 04, 2018
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The Government of India has so far cleared GST refunds to the tune of Rs 91,149 crore, Ministry of Finance said in a press note on Monday.    The refunds have been disposed by CBIC and state...
Dec 04, 2018
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The CFONEXT100 is our endeavour to create an identifiable pool of rising stars in the field of finance. Trend-setting CFOs, over the years, have expressed their commitment to identify and build...
Nov 30, 2018
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The latest round of FICCI's Economic Outlook Survey puts forth an annual median GDP growth forecast for 2018-19 at 7.4 per cent and for 2019-20 at 7.5 per cent. The survey was conducted during...
Nov 30, 2018
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The recent judicial diktat on how chartered accountants (CAs) must conduct themselves professionally and even outside their field of work is perhaps the beginning of the ‘cleaning up’ of white-...
Nov 29, 2018
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Lupin Limited, a transnational pharmaceutical company based in Mumbai, has announced the resignation of its Chief Financial Officer Ramesh Swaminathan.   In a regulatory filing to bourses on...
Nov 28, 2018
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The RBI will provide another set of cash in December by infusing ₹40,000 crore into the system through open market operations (OMOs).   “Based on an assessment of the durable liquidity needs...
Nov 28, 2018
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The Minister of Commerce and Industry Suresh Prabhu has said his ministry is working with the Finance Ministry and the Prime Minister’s Office (PMO) to provide liquidity to the export sector...
Nov 28, 2018
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Starting 1 April 2019, large companies will have to raise 25 per cent of their incremental borrowings through the corporate bonds market, said Sebi in a circular on Monday.   For those who...
Nov 27, 2018
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There is likely a shortfall in indirect taxes and non-tax revenues; as a result India will not be able to narrow fiscal deficit to the targeted 3.3 per cent of GDP for the current fiscal, said a...
Nov 27, 2018
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The Regional Comprehensive Economic Partnership (RCEP) meet has now been deferred till next year. However, India heaved a sigh of relief, as it can now negotiate with China for a better trade deal...
Nov 27, 2018
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More than 93 per cent of the Indian organizations are still in the early stages of maturity, according to IDC India’s latest study, titled "IDC MaturityScape Benchmark: Cloud in India, 2018". This...
Nov 26, 2018
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Finally, negotiations on the terms of Britain’s withdrawal from the European Union (EU) got a go ahead, with leaders of the 27 member-nations signing off the deal at a summit in Brussels.  ...
Nov 26, 2018
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Singaporean lender DBS sees the Reserve Bank holding the rates for the remaining part of the fiscal year ending March 2019, according to a report  the Financial Express. DBS also predicts that the...
Nov 26, 2018
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New import-restrictrive measures have a hit a new high in Group of 20 (G20), says the World Trade Organization’s latest monitoring report on G20.   The report found a total of 40 new trade-...
Nov 23, 2018
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Consultancy firm KPMG India, on Thursday, appointment of its new CFO. According to media reports, Natarajan G will be the Chief Financial Officer and Head of Corporate Services at KPMG.  ...
Nov 23, 2018
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Infosys, last week, named Jayesh Sanghrajka as the company’s interim chief financial officer. He succeeds M D Ranganath, who resigned in August.   The Ranganath’s sudden decision to quit, led...
Nov 23, 2018
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The Ministry of Communications and IT is mulling providing relief package to the industry players, said a Businessline report quoting atop official here on Wednesday.    A few days ago Vodafone...
Nov 22, 2018
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There is a need for a modified, forward-looking and inclusive World Trade Organisation (WTO) that includes all substantive issues to be resolved in a time-bound manner, said Suresh Prabhu, Minister...
Nov 21, 2018
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Enterprises plan to increase hybrid cloud usage, with 91 per cent stating hybrid cloud as the ideal IT model, but only 18 per cent stating they have that model today, according to Nutanix’s first...
Nov 19, 2018
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Development of industrial park rating system would help increase competitiveness of industries and promote the manufacturing sector, Minister of Commerce and Industry Suresh Prabhu said on Monday...
Nov 19, 2018
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Increased competition in the external labor market is making it harder for organizations to attract new candidates and retain their best talent, according to Gartner. This is compounded by today’s...
Nov 16, 2018
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The Reserve Bank of India (RBI) has refused to share information about non­performing assets (NPAs) and loan defaulters sought by the Securities and Exchange Board of India (Sebi), according to...
Nov 16, 2018
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Though the government may find it difficult to  meet its fiscal deficit target of 3.3 percent, India’s real GDP growth is expected to be at 7.8 percent in FY19, up from 6.7 percent in FY18, according...
Nov 16, 2018
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The CII has voiced concern over the liquidity crunch in the market that may lead to increased financial stress for the MSMEs. The recommendations coming in the backdrop of the ongoing tussle between...
Nov 15, 2018
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The income-tax department (I-T) is ‘chasing’ 80,000 persons who had deposited cash during demonetisation, say media reports. The reason for this being that their  income profiles do not match the...
Nov 15, 2018
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More than 93% of the Indian organizations are still in the early stages of maturity, according to IDC India’s latest study, titled IDC MaturityScape Benchmark: Cloud in India, 2018. This in IDC...
Nov 15, 2018
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Chinese and Australian officials are now looking at 2019 to complete a 16-nation trade bloc, and with this the hopes of Asian nations to see the pact effected this year now seem to be dim. Known...
Nov 14, 2018
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Indian trade negotiators received a pat on their backs from  US President Donald Trump Tuesday who complimented them as ‘the best’. Trump also said that trade talks between the two countries were...
Nov 14, 2018
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Rating agency ICRA has said that the delays in the settlement of bankruptcy cases is leading to banks losing thousands of crores of rupees. ICRA estimates this loss at Rs 4,000 crore in the dozen...
Nov 13, 2018
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The Indian arm of the largest Chinese bank, the Industrial and Commercial Bank of China, has set up $ 200 million fund for investing in the promising Indian micro, small and medium enterprises and...
Nov 13, 2018
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The back series data of gross domestic product (GDP) of India, which is being eagerly awaited by economists and experts, seems to have been delayed. Niti Aayog has now sought more time to analyse and...
Nov 13, 2018
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In what is being perceived as a thaw in the strained relationship between the government and the Reserve Bank of India, Finance Minister Arun Jaitley seemed to be backing the central bank on Sunday...
Nov 12, 2018
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India has been one of the biggest ‘improvers’ in the World Bank’s Ease of Doing Business rankings this year, and saw its rank shoot up from 100 to 77, among 190 countries. Given its earlier record –...
Nov 12, 2018
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India is not just the world’s fastest-growing economy but also one of the most puzzling. What is adding to the India puzzle is the change in the methodology to calculate gross domestic product and...
Nov 12, 2018
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The International Monetary Fund (IMF) has called for the autonomy of Reserve Bank of India (RBI). The international institute said as an international practice there should be no government or...
Nov 02, 2018
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India’s has made remarkable imporovement in the World Bank’s Ease of Doing Business 2019 survey.    It jumped 23 places to 77 among 190 countries surveyed, making it the only country to rank...
Nov 01, 2018
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The total gross GST revenue collected in the month of October is Rs 100,710 crore, said Ministry of Finance in an offcial note.    Of the total amount, Rs 16,464 crore amounts to CGST, 22,826...
Nov 01, 2018
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Amid reports of Reserve Bank of India (RBI) governor Urjit Patel resigning from his position, the Ministry of Finance has clarified that the autonomy for the central bank, within the framework of...
Oct 31, 2018
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China is showing signs of strain under the ongoing trade war with the US. October showed its manufacturing growth stalled and Yuan slide. The second largest economy is also exhibiting signs of a...
Oct 31, 2018
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