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The Economic Times
The Economic Times Wrap 2024: From Apple’s Kevan Parekh to HSBC’s Pam Kaur, CFOs that took helm this year
2024 redefined financial leadership with many CFO appointments across technology, banking, FMCG, real estate, and renewable energy sectors. ETCFO spotlights key transitions, from Kevan Parekh at Apple, Shiv Walia at HCL Technologies, Badal Bagri at DLF, Sanjay Sharma at Air India to Pam Kaur breaking 160-year-old history at HSBC by being the first female CFO.
The Economic Times 65,000% in a year! How long before the penny stock bubble bursts?
Shares of 200 obscure penny and micro-cap companies surged up to 65,000% in the past year. This rise reflects heightened investor interest despite these firms having limited earnings. Sri Adhikari Brothers Television's stock rose from ₹3 to ₹2,198. Sebi has suspended Bharat Global Developers' trading due to financial statement misrepresentation.
The Economic Times NFRA penalises Deloitte Haskins & Sells LLP, 2 auditors for lapses in ZEEL
The National Financial Reporting Authority (NFRA) has fined Deloitte Haskins & Sells LLP Rs 2 crore for lapses in auditing Zee Entertainment Enterprises Ltd during 2018-19 and 2019-20. Additionally, penalties and audit bans were imposed on two chartered accountants involved in the audit. The auditors failed to identify and report significant misrepresentations and unauthorized transactions.
The Economic Times Castrol India CFO Deepesh Baxi resigns
Deepesh Baxi joined Castrol India in 2019 in the role of financial controller and took over as its CFO in January of 2021. He has relinquished his position to pursue opportunities outside of the organisation, after a stint of about five and a half years.
The Economic Times Eco recovering from slowdown witnessed in Q2: RBI bulletin
The article further stated that the growth trajectory is poised to lift in the second half of 2024-25, driven mainly by resilient domestic private consumption demand. "Supported by record-level foodgrains production, rural demand, in particular, is gaining momentum. Sustained government spending on infrastructure is expected to further stimulate economic activity and investment," the authors said.
The Economic Times Gopal Snacks CFO Mukesh Kumar Shah resigns
Having joined the company in June of 2023, the CFO Mukesh Kumar Shah has decided to step down to pursue career opportunities outside the company, with his last working day set for January 21, 2025.
The Economic Times India as a global talent hub for accounting and finance professionals
India's financial sector is growing in importance globally. The demand is high for professionals with global certifications like CPA and ACCA. With India's strong education system and adaptability to technology, the country can become a leading global finance talent hub. Collaborative efforts between educational institutions, corporates, and the government are essential to realize this potential.
The Economic Times India's push for home-grown satellite constellation gets 30 aspirants
The regulator had sought "expressions of interest" (EoI) in July to build home-grown satellite constellations as part of a broader strategy to monetize the sector and ensure data sovereignty.
The Economic Times Mahindra Tractors partners with PNB for dealer finance solutions
PNB Chief General Manager and Zonal Head, Mumbai Zone, Firoz Hasnain said the initiative underscores the bank's commitment in supporting the growth of businesses across sectors, specially MSME and agriculture by providing them with customised financial solutions.
The Economic Times Microsoft works to add non-OpenAI models into 365 Copilot products, sources say
Microsoft is integrating internal and third-party AI models into its Microsoft 365 Copilot. This aims to reduce dependence on OpenAI and cut costs. The company is working to customise other open-weight models for better efficiency. Microsoft tracks these efforts closely, aiming for cost-efficiency and potentially passing savings to customers, say sources.
The Economic Times Indian startup ecosystem raises over Rs 29,200 crore in 2024, witnesses record 13 IPOs
In a significant year for the Indian startup ecosystem, 13 new-age companies launched their initial public offerings (IPOs), as startups cumulatively raised more than Rs 29,200 crore from the stock market.
The Economic Times India, ADB sign USD 500 million loan to support green, sustainable infrastructure projects
The ADB loan, with a sovereign guarantee, will be extended to the India Infrastructure Finance Company Limited (IIFCL).
The Economic Times Chip co to invest Rs 3,425 crore in Mys project that creates 460 jobs
The investment is part of a series of 10 proposals worth Rs 9,823 crore, approved by the 64th State High-Level Clearance Committee (SHLCC) chaired by CM Siddaramaiah on Monday. These projects, expected to generate 5,605 jobs, span various industrial sectors across the state. "The first semiconductor project in the electronics manufacturing cluster at Kochanahalli, is a major milestone for the state," said Siddaramaiah, emphasizing the significance of the initiative for state's industrial growth and his home district.
The Economic Times Centre-sponsored 10 plastic parks poised to spur exports, create more jobs
The Centre's Department of Chemicals and Petrochemicals has approved 10 Plastic Parks, which are at different levels of implementation across various states, aimed at enhancing investment, production and exports as well as employment in the country, according to a year-end review released on Tuesday.
The Economic Times Kirloskar Brothers CFO Ravish Mittal steps down
Mittal has resigned as the CFO of Kirloskar Brothers, citing personal reasons.
