CFO Dive

MAY 6, 2024

Generative AI gives cyberattackers an edge over cyber-defenders, according to security experts surveyed by Splunk.

Securities 291

Securities 291

Barry Ritholtz

MAY 6, 2024

It’s taken me months to organize all of my research for my next book project; it’s a lot of stuff, some dating back to 2000. Much of it reflects the bad ideas and numbers, and worse advice, that float around Wall Street. A lot of it has not aged well. But every now and then, something I saved turned out to be prescient — not because it was lucky, but because it contained a well-considered insight that has stood the test of time.

Forecasting 112

Forecasting Investments Numbers Marketing 112

CFO Dive

MAY 6, 2024

Diageo is tapping Coca-Cola alum Nik Jhangiani for its CFO as the Guinness maker battles slumping sales in the face of changing consumer tastes and spending trends.

CFO 226

CFO Sales 226

CFO News

MAY 6, 2024

On Monday, the Supreme Court declined to address a plea filed by various traders' associations contesting the legality of Section 43B(H) within the Income Tax Act. This section mandates that businesses settle their outstanding payments with micro, small, and medium enterprises (MSMEs) within 45 days to avail tax benefits.

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Advertiser: Paycor

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

CFO Dive

MAY 6, 2024

The development follows harsh criticism by a Department of Homeland Security panel of the company’s response to a 2023 breach.

Securities 217

Securities 217

CFO News

MAY 6, 2024

Public non-financial corporations or public sector companies were the worst performers as their share in investment declined to 9.4%, the lowest level in 12 years. The share of households in investment also declined to 40.5% in FY23 from 41.4% in FY22.

Investments 66

Investments 66

Future CFO

MAY 6, 2024

The Association of Chartered Certified Accountants (ACCA) identified the importance of knowing how to navigate the sustainability agenda among finance professionals in the road to creating a positive impact in tackling various issues. Such concerns include climate change, social inequality, and a widespread lack of trust, ACCA says. Professional accountants are expected to be aware how they can make a difference to build a better world that works for everyone, even if it can be hard to put o

Finance 52

Finance Financial Data Accounting Planning 52

CFO News

MAY 6, 2024

Finance Minister Nirmala Sitharaman on Monday administered the oath of integrity and secrecy to Justice Sanjaya Kumar Mishra (Retd) as the President of the GST Appellate Tribunal (GSTAT).

Finance 52

Finance 52

CFO Share

MAY 6, 2024

With new businesses come new beginnings, and nothing excites accountants like setting up a fresh set of books. Like an artist in front of a blank canvas, brand new books hold limitless possibilities, the chance to shed old byzantine corporate accounting and to step into the future of clean and clear financials. The first step is to choose your accounting software.

Practice Management 52

Practice Management Manufacturing Accounting Construction 52

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Reconciliations

CFO News

MAY 6, 2024

Quick commerce, or super-fast deliveries, is becoming increasingly popular among millennials and Gen Z, with companies delivering various items to doorsteps in no time. Quick commerce makes up about 5-6 per cent of a household's grocery spending, with platforms like Blinkit valued at around $13 billion. It is mostly popular in big cities but is also gaining traction in places like Vizag, Nagpur, Kochi, Jaipur, and Lucknow.

Retail 52

Retail 52

CFO Thought Leader

MAY 6, 2024

When a leader is faced with unprecedented challenges, their true mettle is tested. Daniel Bisgeier, a seasoned CFO, exemplifies how continuous improvement and strategic decisiveness can pave the way for corporate resilience and growth. Reflecting on his career, Bisgeier notes that significant progress often comes not in bursts but through “persistent effort over time and constant refinement.” Read More An illustration of Bisgeier’s strategic agility occurred during his tenure a

CFO 52

CFO Leadership Healthcare Compliance 52

CFO News

MAY 6, 2024

India is set to become the third largest consumer market in 2026, surpassing Germany and Japan, according to a UBS report. The report predicts that the affluent category will double in the next five years, with 88 million people with over $10,000 annual income by 2028. Consumption growth is expected to remain muted at 4-5% in the current and next fiscal, below the 6.5-7% average annual growth seen during FY11 and FY20.

Marketing 52

Marketing 52

CFO Thought Leader

MAY 6, 2024

The post The Mentoring Round | Daniel Bisgeier, CFO, Constellation appeared first on CFO THOUGHT LEADER.

CFO 40

CFO 40

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Budgeting

CFO News

MAY 6, 2024

ITC's hotel business will not have any board representation from its largest shareholder, BAT, according to a demerger document. BAT will own 15.32% in ITC Hotels as foreign direct investment, making it the largest public shareholder after ITC's promoter holding of 39.93%. BAT's chief executive Tadeu Marroco stated last December that ITC's hotel business was not an area of interest for the British tobacco maker.

Investments 52

Investments 52

CFO Dive

MAY 6, 2024

The Sarasota, Florida-based media company dismissed its former auditor on Friday, the same day the SEC charged BF Borgers with “massive fraud.

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CFO News

MAY 6, 2024

Trai on April 26 announced stringent reporting rules around base stations, asking operators to provide granular details like site location, radiating frequency, backhaul connectivity, technology utilised like 2G, 3G, 4G, 5G and the time of commissioning of a site, as it looks to improve the quality of service (QoS) and address the problem of call drops.

Technology 52

Technology 52

CFO News

MAY 6, 2024

Several top executives of the three companies and auditors associated with some of them now face criminal charges due to the irregularities. Additionally, both auditors and their firms are undergoing disciplinary procedures. Meanwhile, the new leadership has divested a substantial portion of assets to settle a significant portion of debts owed to creditors.

Leadership 40

Leadership Accounting 40

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Accounting

CFO News

MAY 6, 2024

Under the new plan, IIHL is looking to set up a banking, financial services, and insurance portfolio worth $50 billion (Rs 4.2 lakh crore) by 2030. This is including its investment in IndusInd Bank, apart from the new businesses under Reliance Capital, which IIHL won in insolvency proceedings.

Investments 40

Investments Banking Planning 40

CFO News

MAY 6, 2024

The Reserve Bank of India (RBI) is working to increase the acceptance of the Central Bank Digital Currency (CBDC) for retail transactions, despite the high number of transactions reaching 1 million per day. The RBI is focusing on making the digital currency transferable offline, introducing programmability features, and promoting financial inclusion.

Retail 40

Retail Currencies Banking Numbers 40

CFO News

MAY 6, 2024

Tata Electronics, a company based in Bengaluru, India, has begun exporting small amounts of semiconductor chips. This is a significant step that could improve India's ability to produce these important components. The chips are being packaged at a pilot production line located at Tata Electronics' research and development center. This information comes from people with knowledge of the situation but who do not want to be identified publicly.

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CFO News

MAY 6, 2024

India's three private telecom operators, Reliance Jio, Bharti Airtel, and Vodafone Idea, are set to bid for a piece of 5G spectrum worth Rs 96,317.65 crore in the next auction, set to start on June 6. The auction will cover airwaves in various bands, with the government expected to make some selective buying. The auction is expected to be a muted affair, with top telcos having sufficient 5G airwaves for their current needs.

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Advertiser: Paycor

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CFO News

MAY 6, 2024

Britannia, the largest biscuit maker in India, is targeting double-digit volume growth despite potential price increases for wheat and sugar post-elections. The company is also focusing on expanding adjacent businesses and building its core biscuit portfolio. The company plans to align its service towards high-potential retail outlets, build AI-enabled predictive ordering, and upgrade salesforce automation.

Retail 40

Retail Planning 40

CFO News

MAY 6, 2024

Finance Minister Nirmala Sitharaman highlighted the significant impact of GST on the economy, praising its role in benefiting the poor by lowering taxes on essential items and improving tax buoyancy across states.

Finance 40

Finance 40

CFO News

MAY 6, 2024

Indian oil refiner Reliance Industries has resubmitted a request to the US for authorization to import crude oil from Venezuela, allowing it to resume oil trade between the OPEC producer and Venezuela. French oil producer Maurel & Prom has also been granted a license to conduct oil and gas operations in Venezuela for the next two years. The US did not renew a general license for Venezuela to export oil and fuel to its chosen markets in April, but some individual authorizations to foreign fir

Marketing 40

Marketing 40

CFO News

MAY 6, 2024

The loan will be raised by Dhamra LNG Terminal Pvt., a unit of Adani Total Pvt., the people said, asking not be named because the details are private. The debt’s tenor could range from three to five years, with the pricing likely linked to the Secured Overnight Financing Rate, they said.

Banking 40

Banking Finance Securities 40

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

Planning