CFOIndia

FATCA: The Latest Finance Acronym Foreign Accounts Tax Compliance Act ( FATCA) is a law for the tax payers from the USA who are living or working in other countries. Passed in March 2010, the law...
Jul 10, 2015
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The IMF has cut its forecast for global economic growth this year as weakness in the United States is set to take a toll. In an update to its World Economic Outlook report, the IMF said the global...
Jul 10, 2015
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The numbering pattern on Indian currency notes is all set to change with the RBI issuing first batch of Rs 100 notes with a new design to distinguish it from counterfeits. “Now, the numerals in both...
Jul 10, 2015
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The New Development Bank of the BRICS nations is all set to be introduced with an initial capital of $50 billion in the Russian city of Ufa. The first of the loans is expected to be released by April...
Jul 10, 2015
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Redington India tops the list of Next 500 companies of Fortune India with annual revenues of Rs 1690 crore. Companies featuring in the Next 500 list are mostly mid-sized and are capable of breaking...
Jul 09, 2015
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Russian oil firm Rosneft will buy 49 per cent stake in Essar Oil for an undisclosed amount. Essar said it "signed a non-binding term sheet with regard to Rosneft’s participation in the equity capital...
Jul 09, 2015
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The Commerce Ministry has launched a facility for online payment of application fees through plastic cards and other electronic fund transfers to improve the ease of doing business for exporters and...
Jul 09, 2015
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Treasury is one of the most exciting roles in finance function. I have always felt that the treasury function has never really got the recognition that it deserves. And I was wondering why it is so?...
Jul 08, 2015
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Indian stocks bore the brunt of Chinese market collapse, with the BSE Sensex falling nearly 500 points intra-day. However, the Indian markets slowly recovered as value buying was witnessed at lower...
Jul 08, 2015
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Country's rural employment guarantee programme MNREGA has been ranked as the world's largest public works programme, said a World Bank Group’s report ‘The State of Social Safety Nets 2015′. “The...
Jul 08, 2015
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The government has allowed seven companies to issue tax-free bonds worth Rs 40,000 crore in the current financial year, according to a circular. The ceiling coupon rate for AAA-rated issuer of tax-...
Jul 08, 2015
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What is the appropriate role for the human-resources function? Many companies view it as merely administrative, with little or no strategic impact. Of course, HR leaders bridle at this perception and...
Jul 08, 2015
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Sports was big news in the world of finance this summer. While back at home in India it was Lalit Modi and the Indian Premier League, overseas it was the shenanigans of the top bosses of FIFA,...
Jul 08, 2015
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Corporate treasurers in India are concerned about the unmanageable volatility in financial markets, according to the findings of a corporate treasury survey by Deloitte. In terms of the role of the...
Jul 07, 2015
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Indian companies' credit quality improved across the spectrum in the first quarter of FY16, according to CARE Ratings. The ratings upgrades have outnumbered downgrades in FY14 and FY15, reflecting...
Jul 07, 2015
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Uber will invest over $50 million in the country in the next five years to set up an office in Hyderabad, and house hundreds of employees in the centre. Uber has signed a memorandum of understanding...
Jul 07, 2015
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Sixty per cent of Greek voters have rejected the austerity measures of the creditors sending the Eurozone into another bout of negotiations and uncertainty. Whether a new bailout package will be...
Jul 06, 2015
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Budget airline SpiceJet rolled out another limited period low fare scheme, offering starting ticket prices as low as Rs.1,899 for flights across western and southern domestic network. The latest sale...
Jul 06, 2015
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Amid the possibility of a stormy monsoon session, Finance Minister Arun Jaitley has appealed for the passage of GST and land acquisition bills in the Parliament. "The latest data suggest that the...
Jul 06, 2015
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CMIE or the Centre for Monitoring Indian Economy told NDTV that at an absolute level the number of project announcements in the first quarter of 2015-16 has gone down 53 per cent compared to the...
Jul 03, 2015
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The decision on merging state-run BSNL and MTNL will be taken in the next four-five months, Telecom Secretary Rakesh Garg said. "BSNL, MTNL merger decision will be taken in four-five months after...
Jul 03, 2015
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Government has notified the rules for calculating overseas income. The value of the overseas assets, including immovable property, jewellery and precious stones, archaeological collections and...
Jul 03, 2015
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Sparking innovation in the workplace, working with different teams, working under deadlines and making sure the spark remains alive can be a tough job for a growing organisation. Here are ten things...
Jul 03, 2015
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Ministry of Finance has just begun the process of forming the ‘task force’ for constructing the last brand-new element of the financial regulatory architecture envisaged by Financial Services...
Jul 03, 2015
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How would you feel when you are the departmental head to find suddenly another sectional head placed above your head? Will the Board not complain if a ‘Supervisory’ Board is placed to oversee the...
Jul 03, 2015
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In a bid to boost farmland productivity and provide an open market in agri-products, the government will spend Rs 50,000 crore over the next five years under the Pradhan Mantri Krishi Sinchai Yojana...
Jul 02, 2015
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Global rating agency Fitch lowered real GDP growth forecasts for India to 7.8 per cent and 8.1 per cent from 8.0 per cent and 8.3 per cent for FY16 and FY17, respectively. The extent and pace at...
Jul 02, 2015
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Bharti has completed tower sales in five countries garnering $1.3 billion in the process. In an announcement earlier, the company said that it would divest tower assets in 13 countries in Africa to...
Jul 02, 2015
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May core sector output numbers are showing a surprising rebound in the Indian economy. It registered a six-month high rising to 4.4 per cent after falling to an 18-month low of -0.4 percent in April...
Jul 01, 2015
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T. S Kalayanraman opened his first jewellery shop in Thrissur City in 1993 with only $100,000 of capital, and his business has since expanded to 32 showrooms across South India. Now, the chairman and...
Jul 01, 2015
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Eurozone stocks and peripheral bonds rallied, extending gains after a report that Greece was ready to accept most conditions from its international creditors in order to reach a deal over its debt...
Jul 01, 2015
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The Greek bailout saga continues with European Commission President Jean-Claude Juncker making a last-minute offer to Greece to reach an agreement before the deadline expires on Tuesday. Under the...
Jun 30, 2015
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Indigo’s appears all set to launch its IPO of Rs 2500 crore and reports said that the airline is likely to file the prospectus some time soon. The initial public offering will include about $200...
Jun 30, 2015
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If the risk of below-average monsoon rainfall materializes, India’s rural economy could remain subdued. "A sustained soft patch for India's rural economy would weigh on private consumption and non-...
Jun 30, 2015
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Crucial talks between the leftwing government and foreign lenders broke down last weekend as Greece closed banks and imposed capital controls. Greece has imposed a euro 60 limit on cash withdrawals...
Jun 29, 2015
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The Digital India Week is all set to kick-off on July 1 with a host of top level industrialists and multi-national companies expected to participate in the mega-event. "As per estimates are concerned...
Jun 29, 2015
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In a research paper on ‘Monetary Policy in India: Transmission to Bank Interest Rates', IMF Economist Sonali Das said that there is fresh evidence about "significant, albeit slow, pass-through of...
Jun 29, 2015
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The Treasury20 Felicitation Ceremony, initiated by CFO India in March 2014, recognizes the 20 most promising Treasury Officers in India, who have applied innovative techniques to tackle the complex...
Jun 29, 2015
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AirAsia Bhd boss Tony Fernandes has told staff and analysts he will spend more time working on the budget airline and put his other business and sporting interests to one side, after a report...
Jun 25, 2015
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Prime Minister Narendra Modi unveiled three mega flagship schemes in a bid to develop cities and towns and also batting for driving growth launching the Atal Mission for Rejuvenation and Urban...
Jun 25, 2015
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After lashing out at lenders for rejecting his reform plans, Greek Prime Minister Alexis Tsipras is back on the negotiating table as talks resume. After a late-night deal that fell through as lenders...
Jun 25, 2015
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After 10 mines to get auctioned in the third round, eight more mines are in the queue according to senior government officials. "After these 10 mines (to be auctioned in third round in August), eight...
Jun 24, 2015
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Capital market regulator Securities and Exchange Board of India (Sebi) has initiated a major streamlining of IPO regulations that cut down timeline of completion of public issuance, made application...
Jun 24, 2015
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Prime Minister Narendra Modi is all set tomorrow to launch three mega flagship schemes aimed at transforming urban India, including the much talked about Smart Cities proposal, with a whopping Rs 4...
Jun 24, 2015
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Hero group acquired majority stake in set top box maker Mybox Technologies, formally launching its foray into the electronics arena. Hero group has chalked up plans to invest Rs 500 crore in the new...
Jun 23, 2015
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Facebook has pipped Walmart in terms of net worth. Over the last year, Facebook's stock jumped roughly 30 per cent and the climb has added more than $65 billion to its market value, bringing it to...
Jun 23, 2015
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Listed companies reported significant improvement in production levels of both domestic and export orders this month, a survey said. Deutsche Boerse's MNI India Business Sentiment Indicator, a gauge...
Jun 23, 2015
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Markets across the world rebounded as Greece debt crisis seemed to be headed for a solution. European leaders are meeting to reach an agreement that could see Greek making good its debt repayments,...
Jun 22, 2015
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Reliance Industries’ subsidiary Reliance Jio is forging ahead with its plans on the media front. In its filing to the BSE, Reliance Industries said, "Reliance Jio Media Private Limited, a subsidiary...
Jun 22, 2015
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