Sun.Apr 21, 2024

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Let’s weigh in on the I Bonds vs. T-bills debate

Tips Watch

By David Enna, Tipswatch.com Last week I was being interviewed by CNBC’s Kate Dore about I Bond investment strategies, and I found myself asking her a question: “Do you think the Federal Reserve has learned a lesson?

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • ‘Water is more valuable than oil’: the corporation cashing in on America’s drought : In an unprecedented deal, a private company purchased land in a tiny Arizona town – and sold its water rights to a suburb 200 miles away. Local residents fear the agreement has ‘opened Pandora’s box.’ ( The Guardian ) • Why don’t rich people eat anymore?

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What are the essential checkpoints for GST compliance in FY25?

CFO News

From annual submission form GSTR-4to verification and reconciliation of credit and cash balances on the GST portal, finance personnel need to cater to several GST related compliance during this fiscal.

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Gartner: strong ethical culture is not enough to stop noncompliance

Future CFO

As it turns out, compliance culture is not the best way to address the most common situation leading to noncompliance, according to a study by Gartner, Inc. This particular concern must be tackled by financial leaders as the technological research and consulting firm points out that most compliance leaders tend to focus on building an ethical culture in their organisations to boost employee behaviour , but it has a limited impact on addressing uncertainty about how to be compliant.

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Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.

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Companies now investing in premium office fit-outs

CFO News

Savills India data reflects a shift towards premium spaces, while tech players like Tushar Mittal drive demand amidst a growing construction industry.

More Trending

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Once Adani-heavy, 8 FPIs look to settle with Sebi

CFO News

The legal representatives of eight FPIs - Albula Investment Fund, Cresta Fund, MGC Fund, Asia Investment Corporation (Mauritius), APMS Investment Fund, Elara India Opportunities Fund, Vespera Fund and LTS Investment Fund - have filed a total of 16 settlement applications with Sebi.

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5 Habits of Highly Effective CFOs

The Finance Weekly

What could go wrong if your Chief Financial Officer (CFO) is not effective in their job? They could steer your company towards poor financial decisions, like risky investments, inaccurate budgeting, or insufficient cost control. Their absence of a clear financial strategy might also jeopardize the business, hindering the attainment of long-term growth and profitability objectives.

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FDI reform 2.0: Banking, defence, insurance reforms on table

CFO News

Officials said that although the bulk of the heavy lifting in terms of FDI reforms has been completed, talks are ongoing to see if conditions for these key sectors can be further eased. Any changes will be made after the elections that end on June 1.

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HSBC Geneva leak: ITAT says data is old, bank balance can't be taxed

CFO News

In a decision that could have a bearing on other `HSBC account’ cases, a tax tribunal last week has ruled that the I-T department cannot go back 16 years to reopen old matters to tax the ‘peak balance’ lying in such bank accounts. Why? Because, according to the Mumbai bench of the Income Tax Appellate Tribunal a quasi judicial authority a bank balance reflects 'assets' and not ‘income’, and, under the law, only income can be taxed.

Banking 52
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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Track fishy transactions, RBI tells payment firms

CFO News

In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent any potential misuse of electronic fund transfer mechanisms to influence voters or indirectly fund candidates who are participating in the elections.

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AdaniConneX in talks with banks to raise $900-950 million

CFO News

This funding has been structured with an interest rate of 250-260 basis points above the Secured Overnight Financing Rate (SOFR) and a tenure of six years. SOFR is currently 5.3%, the person said. The proceeds will be used for expanding its data centre capacity.

Banking 52
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Inflation sustainably moving towards RBI target enough for a rate cut: Ashima Goyal

CFO News

Ashima Goyal emphasized India's resilience to supply shocks and anchoring of inflation expectations. Bhide expects food inflation to ease in 2024. Both acknowledged inflation risks from geopolitical tensions.

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Tesla woos China customers with cheaper cars after Musk defers India visit

CFO News

Tesla Inc. has reduced vehicle prices in China amidst stiff competition. Tesla had earlier introduced incentives in China to attract consumers, countering competition from BYD. Musk meanwhile deferred his India visit, which was aimed to tap into a new market amid declining sales and stock prices.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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India presence imperative as part of worldwide expansion: CLA Global

CFO News

CLA Global is among the non-Big Four professional services networks, such as RSM, Baker Tilly, HLB, Mazars and Nexia, which, driven by the significant opportunities presented by India's growing economy, are rapidly scaling up their presence in the country.

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Q4 results today: RIL among 15 companies to announce quarterly earnings

CFO News

Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) is expected to report healthy numbers for the quarter ended March 2024, driven by robust O2C business and healthy growth in the consumer-facing businesses of Jio and retail.

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India's net direct tax kitty at Rs 19.58 lakh cr, exceeds revised estimates by Rs 13k cr

CFO News

India's net direct tax collections surged by 17.7% year-on-year to Rs 19.58 crore in fiscal year 2023-24, exceeding revised estimates by Rs 13,000 crore, reflecting economic buoyancy and rising income levels. Gross direct tax collections (provisional) for FY 2023-24 rose 18.48% to Rs 23.37 lakh crore, with refunds totaling Rs 3.79 lakh crore.

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Top IT firms saw wage bills rise 5.5% even as revenue growth dips

CFO News

IT companies' cumulative wage cost rose by Rs 18,036 crore in the fiscal year. Experts said this was due to continuity in lateral hiring in high-demand areas such as AI, machine learning, and cloud and engineering services, coupled with the salary increments, even though they are in the lower single digits.

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Planning Your Restaurant's Path to Profitability

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.