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POLITICS, ELECTIONS, ECONOMY & BUSINESS: THE HEADY UNCERTAIN MIX
Robin Banerjee, a seasoned finance expert, delves into the pulse of India's monumental election process, dissecting its implications for businesses and the economy. Amidst projections and manifestos, he highlights crucial issues and predicts India's trajectory.
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ICAI disciplinary panel overlooks stay to pass order against 2 partners of PwC arms
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Companies incorporated abroad are moving back to India
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Net FDI in India fell 45% in April-February of FY24 to $14.55 billion
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Tomorrow's success hinges on CFO's ability to anticipate and leverage opportunities, says Kaushik Sarkar, Bosch Global Software Tech
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Ransomware attacks at India Inc down to 64%, yet costs soar: Report
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ASTUTE CORPORATE FINANCE: RAISING CAPITAL IN VOLATILE MARKETS FOR SUSTAINABLE GROWTH
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The Role of CFOs: Strategic Financial Leadership in Growing Steel Industry
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Will EU's stringent ESG regulations impact Indian companies?
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Need to rationalise MSME schemes for reach: DFS Secretary
Speaking at the CII Annual Business Summit 2024 on Friday, Joshi also noted that there is a need to address language issues of schemes to make them easier and more comprehensible.
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Startup unicorns take to GenAI as older companies dither
A new study by consulting firm EY has found that innovation continued at a strong pace in 2024 but different organisations are at different stages of adoption when it comes to GenAI use cases
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RBI urges ARCs to follow the regulations in letter & spirit
RBI deputy governors M Rajeshwar Rao and Swaminathan J gave keynote addresses in the conference, 'Governance in ARCs - Towards Effective Resolutions'. It was attended by senior-most RBI officials and 80 participants from the ARC sector.
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Fusion MicroFinance to raise $25 mn from DFC
Fusion MicroFinance is raising $25 million from the US International Development Finance Corporation (DFC) for growth capital, following a $20 million loan facility. The micro loan lender has already received $20 million from DFC. Fusion, founded in 2010, has assets under management of Rs 11,476 crore.
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India can become third largest economy by '27-28: Arvind Panagariya
"The growth in nominal dollar terms had been at about 10.2% during this period (2004-2024) and mind you that during this period we had to deal with the global financial crisis and then with Covid," Panagariya said, in his address at CII annual business summit.
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ICAI disciplinary panel overlooks stay to pass order against 2 partners of PwC arms
Despite a Delhi High Court stay, the Institute of Chartered Accountants of India (ICAI) has published orders penalizing two PwC affiliate partners. PwC had obtained a stay against ICAI's disciplinary action, challenging fines and membership removal. The institute's move to upload the order on its website has sparked a legal battle. This follows a similar dispute with EY affiliates. The Big Four firms are contesting ICAI's disciplinary actions, demanding an appellate tribunal be established first.
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EAM to India Inc: Use 'national security filter' in China deals
Foreign Minister S Jaishankar emphasizes the importance of Indian firms using a national security filter in dealings with China. Aligning economic priorities with strategic interests, including 'Make in India' initiatives, is crucial. He warns against the weaponisation of economic activity for political pressure.
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GSTN rolls out special procedure for tobacco manufacturers to register machines with tax authorities
The GST Network (GSTN) has introduced an online facility for manufacturers of pan masala, gutkha, and similar tobacco products to register their machines with tax authorities. The Central Board of Indirect Taxes and Customs (CBIC) announced the new registration and monthly return filing procedure to improve GST compliance. The online facility allows manufacturers to submit machine-related information through Form GST SRM-I, and Form GST SRM-II (for return filing) will be available soon.
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POLITICS, ELECTIONS, ECONOMY & BUSINESS: THE HEADY UNCERTAIN MIX
Robin Banerjee, a seasoned finance expert, delves into the pulse of India's monumental election process, dissecting its implications for businesses and the economy. Amidst projections and manifestos, he highlights crucial issues and predicts India's trajectory.
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Rs 1.4 lakh-crore: The cost parties are paying to woo voters in the world's biggest election
In West Bengal though, it seems candidates across the board aren't ready to give up on the traditional campaign methods just yet with parties displaying an overt preference for a mix and match of tried-and-tested mass outreach methods with those of the digital age.
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POSH case reporting confined to a fraction of India Inc cos: Study
A recent analysis of 300 NSE listed companies reveals a concerning trend in reporting sexual harassment complaints under the POSH Act. Despite a rise in complaints, many companies reported zero cases, indicating possible non-compliance. Larger companies, with more resources, tended to report more cases, but size alone couldn't explain the low reporting. The findings emphasize the need for better awareness and reporting mechanisms to address workplace harassment effectively.
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Norway excludes Adani Ports, US and Chinese cos from pension fund
Norges Bank said on Wednesday that it excluded the company because of an unacceptable risk that the company contributes to serious violations of individuals' rights in situations of war or conflict. The other two companies blacklisted by Norges Bank include US-based L3Harris Technologies and China's Weichai Power.
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Delhi HC sets aside order upholding arbitral award in favour of Kalanithi Maran and against SpiceJet
The Delhi High Court overturned a previous ruling that upheld an arbitral award favoring Kalanithi Maran over SpiceJet, a private carrier.
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India stocks set for biggest monthly FII outflows in a year on election risks, China appeal
Global investors have pulled a net $3.5 billion from India’s stock markets so far in May, on course for the biggest withdrawal since June 2023, according to data compiled by Bloomberg.
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India needs to focus on manufacturing, achieve greater sophistication: Nirmala Sitharaman to Indian Inc
Finance Minister Nirmala Sitharaman flagged the need for India to boost its manufacturing sector to achieve self-reliance and increase its share in the global value chain. She highlighted the importance of policy support and sophistication in product manufacturing to attract investment and reduce dependence on China. The minister also discussed the success of the PLI scheme in sectors like telecom and electronics, showcasing India's potential for growth and investment.
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India's consumer market likely to double by 2031: FM Nirmala Sitharaman
During the CII Annual Business Summit 2024, the Finance Minister projected that India's consumer market would double by 2031 and anticipated a significant 18% contribution to global growth in the next five years.
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Net FDI in India fell 45% in April-February of FY24 to $14.55 billion
FDI inflows into India amounted to $26.69 billion, while outflows were $12.14 billion during April 2023 to February 2024.
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Persistent Systems appoints Vinit Teredesai as CFO
Teredesai will assume the position immediately, succeeding current CFO Sunil Sapre, who is slated to retire later this year.
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Nucleus Software appoints Surya Prakash Kanodia as CFO
Nucleus Software bolsters its leadership team with the appointment of Surya Prakash Kanodia the CFO
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Ola CFO Kartik Gupta steps down two weeks after CEO exit
Kartik Gupta, Ola's CFO since November 2023, is stepping down just two weeks after chief executive Hemant Bakshi left the firm.