TECHNOLOGY

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• Advent looking to deploy $5 to $10 billion in India over the next five years

  Advent International believes that Indian valuations are not a barrier to making deals, as they are relative to growth opportunities and risk returns. The firm views the premium valuations in India as a reflection of the significant growth opportunities and the relative attractiveness of the market. Last year alone, it invested $7 billion in new opportunities ranging from cybersecurity to pharma, but more importantly, realised $8.4 billion via exits — higher than their previous five-year average of $5.7 billion.

  

• 58% Indian travel companies poised to increase ESG investments using tech, says report

  Amadeus's report reveals a promising shift in the Indian travel industry, with 58 per cent of companies intending to bolster ESG investments in 2024. Technology emerges as a crucial enabler for sustainability, but challenges persist.

  

• Realty sector gets a 'prefab' boost

  In terms of homebuyer acceptance, according to Oberoi, an emerging interest exists, emphasising the need to bridge the information gap and dispel misconceptions. Educating homebuyers about the benefits, including cost savings and faster construction timelines, is crucial for fostering wider acceptance, he said. Homebuyers, recognising the advantages of this modern construction approach, are expected to play a pivotal role in driving its widespread acceptance across the country.

  

• 72 per cent Indian businesses expect surge in B2B spending in 2023: Survey

  The survey by American Express highlighted that 88 per cent of businesses feel optimistic about the future success of their company for the year ahead, well above the global average of 77 per cent.

  

• Finance leaders’ digital transformation plan for next 5 years falls short on ambition: Survey

  Decision makers’ five-year plans and digital transformation ambitions appear to be equally restrained with investments in the coming year, says a Thomson Reuters survey

  

• Innovation in finance: How CFOs can lead the charge

  One of the primary ways CFOs can lead the charge in innovation is by harnessing the power of technology. The finance industry has witnessed remarkable advancements in recent years, including blockchain, artificial intelligence, and big data analytics. These technologies can be leveraged to streamline financial processes, reduce costs, and improve decision-making.

  

• AI and CFOs' cash flow management

  AI has emerged as a transformative force in cash flow forecasting and management, offering automation, precision, optimization, and skill enhancement. By harnessing the power of AI, businesses can navigate the complexities of cash flow with greater confidence and efficiency, ultimately contributing to their financial health and sustainability.

  

• SoftBank’s arm files for IPO that is set to be 2023’s biggest

  In a long-awaited regulatory filing Monday, Arm said the offering is being led by Barclays Plc, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Mizuho Financial Group Inc. The document listed 24 other underwriters below that top tier — with Morgan Stanley notably absent.

  

• Applications observability must be the foundation for sustainable innovation within India’s payment industry

  Banks must move from traditional monitoring to applications observability to sustain innovation and maximize growth within payments.

  

• Applications observability is vital for banks and payment companies to handle transaction spikes

  To facilitate the move to real-time payments, there is now a growing shift toward cloud native technologies within banks and payment companies. Organizations are recognizing the advantages that cloud technologies provide in terms of agility, scalability, and resilience. Cloud platforms not only enable banks to manage fluctuations in demand but also to speed up time to innovation and enhance customer experience.

  

• Why the right skills for MSMEs is necessary to be a future-ready workforce

  For India’s 63 million MSMEs, acquiring the right skills is the secret ingredient that can make all the difference in taking a giant leap forward.