The role of CFO has evolved over the years from a role of just preparing financials and containing costs, it has now become more strategic to support organisation stay ahead of the competition. In recent times, with all-round vulnerabilities and internal and external business complexities, the board now sees CFO as an able partner to the CEO in steering the organisation towards long term sustainable growth and profitability. 

Ahluwalia Contracts India Limited has secured new order worth Rs. 168 crore for construction of modern flower market, agent shops, cold storage facility including water supply, electrical, plumbing and firefighting services and other works at IFC Gazipur.

DSIJ MF Ranking - Databank of top-ranked equity funds based on DSIJ's proprietary research methodology.

Retirement is an important goal and hence it should be given its due in your investment process. However, despite realizing the importance of this goal, many of us end up ignoring it either by compromising on returns or by not planning investments properly.

As modern-day business paradigms change swiftly, so does the role of a CFO, from being function-oriented to strategy-oriented today. The DNA of the CFO now embodies thorough understanding of the businesses, the strategies as also its competencies and capabilities. 

Following strong results for Q1FY20, shares of Apollo Hospitals Enterprise hit a fresh 52-week high at Rs. 1,444.00 on Wednesday and were trading higher by more than 4 per cent at Rs. 1,382.00.

Readers are requested to send only one query at a time so that more readers get a chance. Have questions relating to any aspect of personal finance. Ask DSIJ at editorial@DSIJ.in and get your queries resolved.

My first priority is right allocation of capital so we can generate minimum 20% ROC. My second priority is to improve the working capital cycle so that we have additional working capital available for growth. My third priority is to keep the company's leverage low (not zero) to maximise return on equity (ROE) with low risk as debt cost is very low for us compared to the return on investment we generate today (20% plus ROC). 

There are different types of investors. Some investors believe in taking risks and, as a result, they prefer investing in equities. Their reasoning is that the more the risk you take, the more returns you get and hence, equity becomes their first choice.

This is our mutual fund recommendation. Every fortnight , we recommend one open-ended equity diversified fund that has the best potential of returns for the next one year considering its constituents remain the same. 

Digitisation has helped us transform the customer experience and engagement massively. Definitely our operational and business processes have improved owing to digitisation. The best part of using technology and being digitised is that it helps improve the decision making and that is an invaluable asset. 

Post-retirement financial planning is crucial for providing an individual with a secure future while maintaining a comfortable standard of living. However, people often under-estimate the corpus required post-retirement and overestimate the existing savings and investments.

Our strategic priority is to enhance corporate value by investing in the right businesses, communicating transparently and maintaining high corporate governance - all of which, we expect, will add value to shareholders. 

Value investing is something which is adopted by many successful investors like Warren Buffett and this is the style of investing which is adopted by value funds as well. DSIJ evaluates and explains value funds as a sub-category of equity scheme and what should be your approach towards them.

Leading pharmaceutical major lost more than 5 per cent in early trade on Wednesday following reports that USFDA has issued a Complete Response Letter with regards to the generic Nuvaring.

Besides being zero tolerant to the adherence of accounting norms, auditing stipulations and taxation laws, growth comes in the forefront where finance becomes integral to the executive management team looking after capital markets and funding, the strategies taking the priorities are

I have recently begun reading your magazine and find it very illuminating. After learning about the continuous underperformance of India, I want to ask whether you think that the Indian economy, given the macroeconomic situation, is headed towards the recession phase?

A slowing economy needs a stimulus from the government. The stimulus also needs to be fast and urgent. Globally, the trade war forebodings are impacting the investors’ confidence. Also, the race to reach the bottom (interest rates) by the central banks in the western world signals serious concerns on economic growth front.

Overall volumes in futures & options currently stand at 2,08,59,867 contracts with a turnover of Rs.13,64,009.54 crore.

Overall volumes in futures & options currently stand at 2,08,59,867 contracts with a turnover of Rs.13,64,009.54 crore.

I appreciate the candid remarks about investment cum insurance policy in your cover story.

The world of mutual fund investment is broadly spread between two styles, value and growth. There are other types that lie in-between. The battle between these two broad categories of investments has been on for years.

CFO – Chief Financial Officers of corporate India have had a tough FY19. The majority of the CFOs we interacted with for this issue however are optimistic on the growth outlook for FY20, even as the impending clash between the two superpowers of the world threaten to slowdown the growth of the global economy. CFOs agree that the trade war triggers have impacted the business sentiment more than anything else; however, a majority of them remain bullish on the economic undercurrents of India. 

Gold is the talk of the town this monsoon season. Geyatee Deshpande identifies factors driving the gold prices higher and advises being cautious despite gold being in the bullish territory. Read on…

Nifty needs to sustain above its crucial 10,800 mark to keep the pullback option open. On the upside, the level of 10,980-11,040 is likely to act as immediate resistance. Stocks in news: Infosys, TCS, Anuh Pharma, Concor.

Going by the early indication of SGX Nifty, the markets may open the session on a flat note with a positive bias.

The following stocks would be in focus during Wednesday’s trading session in light of their results announcement: Ahluwalia Contracts, Deepak Fertilisers, Edelweiss Financial Services, Everready Industries and GMM Pfaudler.

The shares of the company closed at Rs 437.55, up by 3.71 per cent on back of robust financials.

Despite a spectacular run-up by Reliance, the benchmark index BSE Sensex closed down at 36,958.16, down by 623.75 points or 1.66 per cent on Tuesday. The Nifty50 closed at 10,925.85, down by 183.80 points or 1.65 per cent.

Unichem Laboratories on Tuesday informed the bourses that it has received ANDA approval from the United States Food and Drug Administration (USFDA) for Unichem's Tramadol Hydrochloride Tablets.

The stocks to watch out on August 14 include Manappuram Finance Limited, Sun Pharma, Wipro, Container Corporation and Reliance Industries.

With the benchmark indices witnessing another session of heavy sell-off, Yes Bank was the biggest loser on Tuesday. Shares of Yes Bank hit a fresh 52-week low of Rs. 72.85 and closed at Rs. 73.60 per share, down by 10.35 per cent on BSE.

It is really important to focus on personal finance and not just on financial planning. Here are some personal finance tips of all time.

Gayatri Projects (GPL) in its exchange filing said that the company along with its joint venture partner IL&FS Engineering & Construction has won an arbitration claim of worth Rs. 914.3 crore for the Nagaland project. 

Torrent Pharma has received a communication from the USFDA classifying the inspection conducted at its Indrad facility as official action initiated (OAI), on Monday.

Leading adhesive manufacturer Pidilite Industries entered joint ventures with Spanish and Italian firms for a range of products and utilities.

The markets on August 13, 2019 opened gap down. BSE Sensex is trading at 37,386.31, down by 195.60 points and the Nifty is trading at 11,058.35, down by 51.30 points. 

Alembic Pharma has received two approvals from the US Food & Drug Administration (USFDA) for Dorzolamide Hydrochloride Ophthalmic Solution USP, 2% and also for Fenofibrate Tablets USP, 48 mg and 145 mg. Despite this development, the stock of the company was down by 2.22 per cent.

Shares of Dilip Buildcon soared high as over 2 per cent intraday on Tuesday on the back of the new project bagged by the company.

Reliance Industries' (RIL) AGM on Monday brought cheers to its shareholders and customers, but on the flip side, it was painful for stocks like PVR and Inox, which tanked nearly 10 per cent and 8 per cent, respectively.

Overall volumes in futures & options currently stand at 1,30,42,820 contracts with a turnover of Rs.8,68,187.66 crore.

Overall volumes in futures & options currently stand at 1,30,42,820 contracts with a turnover of Rs.8,68,187.66 crore.

Technically, we need to wait till Nifty closes above the 200-DMA (11167) to gain positive strength. A close above the 200-DMA will open up for an upmove towards the level of 11,245, followed by 11,350. On the downside, the level of 10,980 level can be seen as a support level. Stocks in news: Bharti Airtel, Reliance Industries, SMS Pharmaceuticals, Sonata Software, Torrent Pharmaceuticals, Praj Industries, AIA Engineering, IRB Infrastructure, Indoco Remedies.

At the time of writing, SGX Nifty was higher by 27 points at the 11,117 mark.

CSB Bank Limited which is based in Kerala along with having presence in Tamil Nadu, Karnataka and Maharashtra has filed its DRHP with SEBI.

United States Food Administration (USFDA) conducted an inspection at Natco Pharma’s facility located in Mekaguda Village near Hyderabad. Post completion of the inspection, USFDA issued six observations.

Reliance Jio Infocomm Limited (Jio) which is a subsidiary of Reliance Industries Limited and Microsoft Corp have formed a strategic relationship with the aim of accelerating digital transformation in the Indian economy and society.

The stock of Orient Electric has given downward sloping trendline breakout on weekly scale.

Sun Pharmaceutical Industries was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

Unichem Laboratories has announced that the company has received USFDA approval for Chlorthalidone tablets. The product will be commercialised from Unichem's Ghaziabad plant.

The stock of Muthoot Finance has given downward sloping trendline breakout formed by connecting swing highs from June 2019.

Reliance Industries' Chairman Mukesh Ambani announced the launch of Jio Gigafiber services from September 5. The base plans offers internet speed 100 mbps at Rs. 700 per month.

Like any other professionals like doctor, lawyer, etc. there are certain things that you should avoid hiding from your financial planner. What are they? Let’s find out.

Saudi Aramco and Reliance Industries Limited (RIL) have agreed to a non-binding Letter of Intent (LoI).

If you are yet to file your returns just because the deadline was extended, you are not alone due to the ease of filing returns online many taxpayers are delaying this customary task. This week has a lot of holidays, you can file the returns right away and avoid last moment errors.

New Fund Offers (NFOs) that are open for subscription.

The stock to watch out on August 13 includes Tata Consultancy, Strides Pharma, Cadila, Varroc Engineering and GAIL.

The following stocks would be in focus during Tuesday’s trading session in light of their results announcement: Balkrishna Industriess, Chambal Fertilizers, Divis Lab, Graphite India and Motherson Sumi.

The stock of Marico has given symmetrical triangle breakout on the weekly time frame.

The stock of Kansai Nerolac Paints has given downward sloping trendline breakout formed by connecting swing highs from January 2018.

The stock of Aurobindo Pharma has given a bounce from the edge of the upward sloping trendline support formed by joining swing lows form June 2017.

The stock of Apollo Tyres has formed a piercing line candlestick pattern on the weekly scale.

The stock of KEI Industries has formed a bullish engulfing candle on the weekly time frame near the upward sloping trendline support.

Gujarat-headquartered coal trader and mine developer Adani Enterprises plans for major investment in its consolidated business entities such as airports.

Gujarat-based pharmaceutical company Alembic Pharma informed the bourses that it has received tentative approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Bimatoprost Ophthalmic Solution.

Average Assets Under Management (AAUM) of the Indian Mutual Fund Industry for the month of July 2019 stood at Rs. 25,81,025 crore against Rs. 25,81,397 crore in the month of June 2019

Following stocks are close to their 52-weeks low as at 12:42 p.m. on August 9, 2019.

The markets on August 9, 2019 opened up. BSE Sensex is trading at 37,717.11, up by 389.75 points and the Nifty is trading at 11,158.85, up by 126.40 points. 

Government of India enterprise, Nalco, informed that it will create a JV with Mishra Dhatu Nigam for manufacturing of aluminium alloy plates and sheets, on Thursday after market hours.

The auto components company withdrew plans to start the proposed tyre manufacturing business. Reacting to this development, the stock recovered more than 10 per cent from its 52-week low on Friday.

Overall volumes in futures & options currently stand at 4,48,55,524 contracts with a turnover of Rs.27,72,449.26 crore.

Overall volumes in futures & options currently stand at 4,48,55,524 contracts with a turnover of Rs.27,72,449.26 crore.

If Nifty is able to sustain above the 11,080 level, it is probably heading towards the zone of 11,135-11,163, where it may find resistance as it is the confluence of 200-DMA and 38.2 per cent retracement of the current fall. Stocks in news: HCL Technologies, Marico, Yes Bank, National Aluminium Company, Bodal Chemicals.

Going by early indication of SGX Nifty, the market is set to smile at the start. At the time of writing, SGX Nifty is trading up by 5 points at the 11,076 mark.

Cochin Shipyard Limited (CSL) has launched two Ro Pax vessels designed and built for Inland Waterways Authority of India (IWAI). These vessels launched are the third and fourth vessels in the series of 10 vessels order from IWAI.

The following stocks would be in focus during Friday’s trading session in light of their results announcement: Britannia, Spicejet, Natco Pharma, NCC and GAIL.

Tech company Affle (India) Limited debuted on the stock market at a price of Rs. 929 per share against its issue price of Rs. 745 per share at the higher end of the price band. The stock list at a 25 per cent premium on Thursday.

Lupin Limited has announced the completion of the United States Food & Drug Administration (USFDA) inspection carried out at its Nagpur oral solid manufacturing facility. The inspection was carried out between August 5 to August 8, 2019.

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The benchmark indices zoomed up by substantially in the post lunch session after rumours were rife in the market that government is likely to rollback the higher surcharge applicable on Foreign Portfolio Investors (FPIs).

Following stocks are close to their 52-weeks low as at 2:28 p.m. on August 8, 2019.

The markets on August 8, 2019 opened up. BSE Sensex is trading at 36,865.56, up by 175.06 points and the Nifty is trading at 10,891.45, up by 35.95 points. 

Indian equity frontline indices has dropped by 5.71 per cent in the last one month. One of the reasons may be FIIs selling spree. Read on to find the detail.

Emergency is something which occurs without any prior intimation or signs. So, it becomes important to plan for emergencies in advance. Read on to find out more.

The initial public offering of Spandana Sphoorty Financial was fully-subscribed on the last day of its subscription, while Sterling & Wilson Solar is subscribed 0.34 times at 12:00 noon on its last day of subscription.

The stock of HCL Technologies was the top gainer on BSE Sensex on Thursday following its results announcement. The company's board also declared an interim dividend of Rs. 2 per share.

Overall volumes in futures & options currently stand at 2,39,14,677 contracts with a turnover of Rs.15,34,441.36 crore.

Overall volumes in futures & options currently stand at 2,39,14,677 contracts with a turnover of Rs.15,34,441.36 crore.

The zone of 10,780-10,800 will offer strong support as it is 61.8 per cent retracement of October-June rally. It is advisable to wait till the Nifty moves above the 11,000 mark to get confirmation of the short term upmove. Stocks in news: Phoenix Mills, Dilip Buildcon, Maruti Suzuki India, BOSCH, Wipro, Gujarat Alkalies.

Going by early indication of SGX Nifty, the market is set for a flat start. At the time of writing, SGX Nifty was almost unchanged and trading at the 10,862 mark.

The rupee’s losses were also caused by late hour sell-off in domestic equity market. However, the losses were limited as traders found some support after the RBI cut key interest rate by 35 basis points to boost the slowing economy.

The company boasts of an order book of Rs. 10,372.4 crore as of FY19, which gives strong revenue visibility for the company in the long term.

The revenue for the quarter Q1FY20 came in at Rs. 696.16 crore as against Rs. 606.47 crore in the corresponding quarter last year, registering 14.8 per cent yoy increase.

The following stocks would be in focus during Thursday’s trading session in light of their results announcement, NBCC, Emami, Page Industries, Tata Chemicals and Ultratech Cement.