CNBC-TV18 CFO awards: Hot sectors, cold response

The CNBC-TV18 CFO awards , on November 22, are meant to honour the best performing CFOs in different sectors, but some sectors are going to miss out. CNBC-TV18 reports on why the jury could not pick winners in a few categories.

It is probably the hottest sector in India, going by the close to USD 20 billion that Vodafone shelled out to acquire Hutch . By the year end, all three telecom biggies - Bharti , Reliance Communications and Idea - will be represented in the Sensex . But none of that seems to have impressed CNBC-TV18's CFO Awards' jury, who decided against giving out an award in this category.

Mohandas Pai , Director-HR, Infosys , and jury member, CFO Awards, said, "There needs to be an improvement in disclosures."

Two other high growth sectors that have attracted huge investor interest will also be missing out, real estate and media. Anil Singhvi, Former MD, Ambuja Cements, and jury member, CFO Awards, said, "In the construction industry, a number of companies have listed recently. There needs to be more track record and transparency."

So, while telecom, real estate, and media industry may be buzzing on Dalal Street, their CFOs probably need to put in more efforts to be eligible for the prestigious CFO Awards.