ETCFO Archives - Rvpg media

What India Inc CFOs make of slower Q2 GDP growth, CFO News, ETCFO

Official data last week showed economic growth slowed to 6.3% in the July-September quarter from 8.4% in the same period last year. Services, contributing over 50% of India’s GDP, led the growth even though manufacturing was a laggard. The moderation in the overall GDP print came in the backdrop of rising interest rates and as … Read more

Digital lender Axio’s CFO says keen on building a sustainable business, CFO News, ETCFO

Axio CFO Akshay Sarma Digital lender Axio (formerly Capital Float) CFO Akshay Sarma discusses his company’s growth and risks. The finance leader also shares his thoughts on RBI’s digital lending guidelines and the future of digital lending. Below are the edited excerpts. Q: How is your business faring amid recession murmurs?Akshay Sarma: We have not … Read more

Yulu CFO eyes green loans; scaling top focus, CFO News, ETCFO

Yulu CFO Anuj Tewari Anuj Tewari, CFO at Yulu, discussed with ETCFO the funding environment, the company’s future fundraising plans, and growth outlook. Yulu is a Bengaluru-based electric mobility startup, founded in 2017. In September Yulu received $82 million in funding in Series B Round, largely from Canadian automaker Magna ($77). Its existing investors including … Read more

FICCI survey, CFO News, ETCFO

The growth momentum picked up by the manufacturing sector in the last few months is likely to be sustained for the next six to nine months, showed the Quarterly Survey on Manufacturing conducted by industry body FICCI. “After experiencing a revival of Indian economy in the FY 2021-22, momentum of growth continued in subsequent quarters … Read more

India’s services sector gains growth momentum in Oct amid mild acceleration in inflation, CFO News, ETCFO

India‘s services sector growth gained some growth momentum in October as the Purchasing Managers’ Index (PMI) for last month edged up from September’s six-month low. The results also showed mild accelerations in inflation rates for input costs and output charges. The S&P Global India services Purchasing Managers’ Index data released on Thursday showed the services … Read more

India’s manufacturing sector gains momentum in October, inflation rates stay below trend, CFO News, ETCFO

India‘s manufacturing sector gained some momentum in October while price pressures remained contained, S&P Global’s survey showed on Tuesday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) stood at 55.3 in October marginally up from 55.1 in September but below 56.2 in August and 56.4 in July, however it’s above the 50-level … Read more

Governance issues-hit lender PFS lashes out at forensic auditor CNK over delay in draft findings, CFO News, ETCFO

Governance issues-hit PTC India Financial Services (PFS), which lends to infrastructure projects, has accused its forensic auditors of delaying draft findings and also not discussing these findings with the company’s management. PFS had appointed CNK & Associates in April 2022 as a forensic auditor to look into the governance issues raised by its former all … Read more

Christian Sewing, CEO, Deutsche Bank, CFO News, ETCFO

India will be the ‘shining star’ of the global economy that faces a decade of volatility amid war, inflation and supply chain disruptions, although New Delhi could make implementation of projects easier to attract more overseas investments, Christian Sewing, CEO, Deutsche Bank, told ET. Large pockets of the tightly knit global economy will likely have … Read more

India’s manufacturing sector growth dips to three-month low in September, CFO News, ETCFO

Manufacturing sector growth dipped to a three-month low in September but industry still remains in good shape, despite considerable global headwinds and recession fears elsewhere, S&P Global’s survey showed on Monday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) stood at 55.1 in September slipped from 56.2 in August and 56.4 in … Read more