Sun.May 05, 2024

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How much are your I Bonds actually earning?

Tips Watch

By David Enna, Tipswatch.com Last week, the Treasury set the fixed rate for I Bonds purchased from May to October 2024 at 1.3%, which combined with a variable rate of 2.96% results in a composite rate of 4.

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CSR spends by NSE-listed cos hit Rs 15,524 crore in FY23

CFO News

Ten companies, including these three, accounted for 33% of the total spends on CSR in FY23, according to data shared exclusively with ET by primeinfobase.com, an initiative of Prime Database Group.

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Trending Sources

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Ep 34: From Rearview to Road Ahead 

CFO Thought Leader

On our latest episode three forward looking Planning Aces shared deep insights into optimizing financial performance. The conversation highlighted the significance of predictive metrics and proactive financial planning, with a strong focus on leading indicators to guide business strategies. Detailed exploration of operational efficiencies, particularly in sales and marketing, was discussed as a method to improve organizational impact.

CFO 52
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Big 4's dominance: Local companies call for level playing field

CFO News

Indian auditing firms are pushing for fair competition with multinational counterparts, expressing concerns over the Big Four's increasing dominance and alleged manipulation of regulatory loopholes. The Institute of Chartered Accountants of India (ICAI) recently investigated affiliates of EY, Deloitte, PwC, and KPMG, where the firms were able to obtain court stays against disciplinary actions by the ICAI disciplinary committee after years of scrutiny, according to local rivals.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

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.

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ACCA: CFOs must build trust in AI

Future CFO

Boardroom leadership, including chief financial officers, needs to manage artificial intelligence risks to drive trust, according to the Association of Chartered Certified Accountants. The global professional accounting body is urging businesses urged to take steps to maximise the opportunities of AI and lay foundations for responsible use of new technologies.

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A Day in the Life: Tricia Koh from Allianz Trade

Future CFO

Editor's note: In today's A Day in the Life interview, Tricia Koh (pictured), Commercial Director for Hong Kong, Taiwan and South Korea, Allianz Trade , shares how a recent experience of leading a cross-functional project enabled her to grow professionally and her typical work day. FutureCFO: What does a typical day look like for you? Tricia Koh (TK): As a routined person who likes getting up early, I always start my day with a cup of coffee and workout.

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IndusInd promoter company to raise stake in bank to 26%

CFO News

IIHL, an investment arm of the Hinduja brothers, aims to improve valuation of its investment to $50 billion by 2030. IIHL has already received RBI nod to raise its state in IndusInd Bank to 26%. The investment arm also plans to grow life and non-life businesses, start its health insurance operations and will retain Reliance Securities and ARC businesses.

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Difference between Sales Planning and Revenue Planning

The Finance Weekly

The hunt for growth never stops in the fast-paced business world. Leading the growth in almost every company is the sales team. They basically connect what you need with the right product or service. For instance, let's talk about car sales. When you head to a car dealership, you have a car in mind. The salesperson usually dives into your life - asking about your family size, daily routine, and more to understand how you plan to use the car.

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Citi targets clients with a ‘digital nexus’, high transaction volumes

CFO News

Citi is strategically targeting high transaction volume sectors in India like industrials, auto supply chains, clean energy, mobility, consumer, and healthcare. The bank aims to maintain its lead in funding digital disruptors and supporting startups in navigating market conditions.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Is artificial intelligence the great filter that makes advanced technical civilisations rare in the universe? Through the lens of SETI, we reflect on humanity’s current technological trajectory – the modest projections for L suggested here, underscore the critical need to quickly establish regulatory frameworks for AI development on Earth and the advancement of a multiplanetary society to mitigate a

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ET explainer: Why RBI's dividend payout to govt this year will be lower

CFO News

The budget estimates dividend transfer in FY'2024-25 at Rs 1.02 lakh crore from the Financial sector entities including the Reserve Bank and public sector banks. But a bulk of the dividend flows is from the central bank.

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Godrej Properties to launch housing projects worth Rs 30,000 cr in FY'25: Pirojsha Godrej

CFO News

Realty firm Godrej Properties plans to launch residential projects worth Rs 30,000 crore this fiscal to achieve a 20% growth in sales bookings due to strong demand. The company's sales bookings jumped 84% to a record Rs 22,527 crore in the last fiscal, the highest sales reported so far by any listed entity for FY'24. To tap this demand, Godrej Properties plans to launch multiple projects across Delhi-NCR, Mumbai-Metropolitan Region, Bengaluru, Pune, and Hyderabad markets.

Sales 40