Indian Cfos

Most CFOs in India see GenAI boosting tax function efficiency: Report

Most of the CFOs as well as finance and tax leaders in India believe generative AI (GenAI) will significantly enhance the effectiveness of their tax functions, said a study on Thursday. Globally, 87 per cent of leaders echo this sentiment, underscoring GenAI's potential to revolutionize tax functions worldwide, said a EY Tax and Finance Operations (TFO) Survey 2024. Based on insights from 1,600 leaders across 32 countries and 18 industries, including 70 CFOs and tax leaders of leading Indian corporates, the global survey highlighted key challenges in the tax and finance domain. It said, "94 per cent of CFOs and finance and tax leaders in India believe generative AI (GenAI) will significantly enhance the effectiveness of their tax functions a remarkable increase from just 19 per cent in 2023, highlighting a growing recognition of GenAI's potential in the tax landscape." The survey 2024 also showed that Indian tax leaders have already begun to make strides in their GenAI journey, wi

HSBC appoints Pam Kaur as first female CFO, announces major restructuring

HSBC did not say what the projected cost savings might be or indicate how many jobs would be affected, but more details could emerge when the bank reports third-quarter results on Oct. 29

HCLTech appoints Shiv Walia as new CFO, Prateek Aggarwal to step down

Walia is a graduate in Commerce from SRCC, Delhi, a cost accountant, and a chartered accountant from both India and Australia

We have a strong pipeline of more than $50 mn AI-led deals: Chakravarthi

The CFO of Sonata Software talks about the outlook for FY25, deal pipeline, and artificial intelligence (AI) strategy

Prestige Estates' CEO Venkata Narayana K resigns, firm outlines roadmap

Venkata Narayana K became CEO of Prestige Estates in August 2017, following his tenure as chief financial officer and company secretary

Paytm Payments Bank's Mukund Barsagade joins Lendingkart as Group CFO

Mukund Barsagade has previously worked with organisations such as GE Capital, Experian, Transamerica, Utkarsh Small Finance Bank, and Fino Payments Bank in various finance leadership roles

Edtech major upGrad appoints Venkatesh Tarakkad as chief financial officer

Tarakkad will be responsible for overseeing upGrad's domestic and global financial strategies

Diversity in India's ecosystem aids Razorpay's global forays, says CFO

The company eyes Indonesia, Vietnam, and the Philippines for expansion into South East Asia

Bandhan Bank appoints Rajeev Mantri as CFO effective from February 22

Ghosh took charge as the Interim CFO from October 20, 2023, after Sunil Samdhani resigned from the post of CFO effective September 30, 2023, to explore opportunities outside the bank

Kotak Mahindra Bank announces key changes to its leadership team

KVS Manian to be joint MD, Shanti Ekambaram Dy MD; new COO, group CFO & CRO appointed

Quantifying capex is reassuring but expect it to change in July: L&T CFO

I was just expecting her to say we will continue to keep focus on infra, he says

The Infosys saga: A leadership factory or a company facing crisis

The company has seen nine senior level exits in 2023 alone

OYO elevates Rakesh Kumar as Chief Financial Officer with effect from Jan 1

Hospitality technology platform OYO on Tuesday announced the elevation of Rakesh Kumar to Chief Financial Officer (CFO) with effect from January 1, 2024. Abhishek Gupta, the current CFO, will continue with OYO in an advisory and mentorship capacity, OYO said in a statement. Kumar, who is currently working as Deputy Chief Financial Officer, in his new role as the CFO, will continue driving financial strategy and operational efficiency, the company said. He has been overseeing financial functions, including business finance for all markets, treasury, controllership, shared services, financial and investor reporting, taxation, and financial planning and analysis, it added. In his last six years at OYO, Kumar has played a pivotal role in the company's financial stability during the COVID-19 pandemic. His leadership facilitated successful equity and debt raises and strategic acquisitions. "Rakesh's elevation to the role of CFO is a crucial milestone in our pursuit of financial stabilit

94% Indian CFOs optimistic about nation's economic future: Survey

As many as 94 per cent of Indian chief financial officers expressed confidence in the nation's economic future, displaying the highest optimism across the APAC region, according to the latest Deloitte Asia Pacific (APAC) CFO Survey 2023. According to the report, more than 30 per cent of Asian CFOs have confidence in the nation's economic future, with 71 per cent of Japanese CFOs being more neutral as compared to their Australian (51 per cent) and Chinese (49 per cent) counterparts. Indian CFOs' confidence underscores the resilience and proactive strategies that Indian financial leaders adopt during global economic uncertainties, Deloitte said in a statement. The report titled 'The next set of imperatives for CFOs in the Asia-Pacific region', demonstrates the business imperatives facing organisations of 276 leading CFOs in the region. It highlights CFOs' responses to the near-term business landscape marked by economic fluctuations, slowing growth, surging inflation, and elevated ...

Biocon Biologics appoints Kedar Upadhye as new chief financial officer

Current CFO, MB Chinappa will take on a strategic finance role at Biocon Group

Who is Aparna C Iyer? All you need to know about IT major Wipro's new CFO

On Aparna's appointment, Wipro CEO Thierry Delaporte on Thursday said she is an accomplished and result-driven leader

Wipro appoints Aparna C Iyer as new CFO after Jatin Dalal resigns

Dalal's exit comes at a time when Wipro has been battling several high-level exits in the recent past

Wipro CFO Jatin Pravinchandra Dalal quits, Aparna Iyer takes over charge

Aparna will report to CEO Thierry Delaporte and will join the Wipro Executive Board

SBI's chief financial officer Charanjit Surinder Singh Attra resigns

State Bank of India (SBI) on Monday said its Chief Financial Officer Charanjit Surinder Singh Attra has put in his papers. "... we submit that Charanjit Surinder Singh Attra, Chief Financial Officer, has resigned from the services of the bank, the resignation is accepted by the appropriate authority with effect from close of the business hours on 30th June 2023," the bank said in a filing to stock exchanges. In another filing, the country's largest lender informed about appointment of four director on the bank's central board for a period of three years. Two of the directors, Ketan Shivji Vikamsey and Mrugank Madhukar Paranjape, have been re-elected. The other two directors who have appointed are Rajesh Kumar Dubey and Dharmendra Singh Shekhawat. Shares of SBI shares rose 5 per cent to close at Rs 572.80 apiece on BSE.

In financial frauds, CFOs failing as first gatekeepers: Sebi's S K Mohanty

The Sebi official pointed out that one of the major areas of concern is that the regulator has seen the rise in related-party transactions