Weekly Update : 20th December, 2024
Navigating the ICT landscape: Financial strategies for sustainable growth
The Information and Communication Technology (ICT) distribution sector stands at the crossroads of relentless technological innovation and market volatility. With surging demand and ever- shrinking product lifecycles, businesses face a complex landscape that demands both strategic foresight and strong financial management. To thrive, organisations must marry operational efficiency with financial acumen, underpinned by a thorough understanding of market dynamics, writes Himanshu Shah, CFO, Rashi Peripherals. Read more
RBI policy drives arbitrage while strengthening bank margins
RBI’s two policy interventions announced after the 6 December Monetary Policy Committee meeting —allowing Indian banks to offer substantially higher interest rates on foreign currency deposits, popularly known as foreign currency non-resident deposits, and a two-stage cut in the cash reserve ratio (CRR)—are a direct outcome of past lessons learnt. But both measures also have additional outcomes, inadvertent in one and perhaps intended in the other. Read more
IMA India Brief: Political and Policy Issues to Watch in December 2024
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India’s political and economic landscape in December 2024 paints a mixed picture of resurgence and challenges. Politically, the BJP has regained momentum with a landslide victory in Maharashtra, reflecting the enduring strength of its welfarist policies and the BJP-RSS alliance. However, Parliament remains paralysed, embroiled in controversies like the ‘Adani affair’ and Manipur unrest. Economically, growth slowed sharply to 5.4% in Q2, driven by declining manufacturing and utilities sectors. While monsoon-led agricultural recovery and resilient services offered some solace, private consumption and exports weakened, reflecting broader economic malaise. Inflation remains stubbornly high at 6.2%, exacerbated by soaring food prices, while foreign investor outflows and a weakening rupee add to financial instability. Yet, bright spots remain—robust GST revenues and recovering rural demand signal resilience. As India navigates this precarious juncture, the challenge will be balancing political imperatives with economic priorities to sustain momentum in a turbulent global environment.
Stay informed with insightful analysis from Adit Jain, Chairman & Editorial Director of IMA India, in the latest edition of India Brief. Read more
We are delighted to inform you about the ongoing nominations for the 15th Annual CFO100 2025.
CFO100 is an initiative to recognise exemplary and innovative contributions to the world of Finance. We request you to fill the nomination form. This will provide us with both your key achievements and your career highlights.
Kindly submit your nomination latest by 16th December 2024. You are also welcome to share the form with other deserving CFOs who would be keen to apply. We look forward to your participation in CFO100 2025.