CFO News
AUGUST 13, 2023
Two words seem to be occupying the mind space of NFRA – ‘fraud’ and ‘auditor’. Undoubtedly, corporate frauds are the biggest economic value destroyers, and auditors are the cornerstone of good corporate governance.
Future CFO
AUGUST 13, 2023
Captioned photo: (left) Lim Swee Keng, group head of finance at CCH receiving the award from Daniel Leung (right), country manager, ACCA Singapore The finance function, be it in accounting, payables, receivables, or FP&A, rely on business applications to automate processes, consolidate financial information, and generate the report for use by business and operational leaders to make decisions.
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CFO News
AUGUST 13, 2023
Annual reports, account payables, treasury management, forecasting, and legal are some areas where CFOs are trying and discovering the use cases for generative AI (artificial intelligence) in their organisation. ETCFO delves into how CFOs are using this technology to their advantage, while also discussing the future, and flipside of it.
Bramasol
AUGUST 13, 2023
FASB has issued an update regarding ASC 842 through its Post-Implementation Review (PIR) process that is intended to respond to the concerns expressed by private company stakeholders about applying Topic 842 to related party arrangements between entities under common control. Specific issues addressed in the PIR are: Which terms and conditions should be considered when determining whether a lease exists and, if so, the classification and accounting for the lease.
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.
CFO News
AUGUST 13, 2023
Amitava Saha, chief executive of Xpressbees, said he will leverage his logistics firm’s existing network to scale up Trackon across the country.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO News
AUGUST 13, 2023
Sources aware of Sebi's probe said this would be a final report and that the regulator's investigation was over. While the exact findings could not be ascertained, Sebi has probed, among other things, whether Adani Group manipulated the share prices of its group companies by exploiting loopholes in the minimum public shareholding (MPS) norms, and whether it failed to disclose related-party transactions.
Future CFO
AUGUST 13, 2023
Global business travel and events costs are set to climb higher through the remainder of 2023 and into 2024, albeit at a much more moderate pace than the exceptionally steep increases seen in 2022, said Global Business Travel Association (GBTA) recently. Rising fuel prices, labor shortages, and supply chain challenges, coupled with red hot demand, caused global business travel and events costs to skyrocket in 2022 – far surpassing some of the increases outlined in last year's forecast, according
CFO News
AUGUST 13, 2023
The Delhi High Court recently allowed aircraft lessors to inspect planes they have lent to Go First. The order was later upheld by a division bench of the court. The airline initiated bankruptcy protection in May, attributing the grounding of almost half of its 54 Airbus A320neos to purportedly “faulty” Pratt & Whitney engines.
Future CFO
AUGUST 13, 2023
Higher interest rates are helping cool inflation, and quick action stopped further banking turmoil, but growth is being held back by a number of forces. What challenges should policymakers be ready to tackle? The post World Economic Outlook Update | July 2023 appeared first on FutureCFO.
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CFO News
AUGUST 13, 2023
IDBI Bank, being readied for privatisation, has transformed since its difficult days in the early 2010s, according to CEO Rakesh Sharma. IDBI's bad-loan ratios have improved, and the bank is no longer so reliant on costly bulk deposits thanks to a push into retail banking and automation improvements. Sharma said IDBI's deposit franchise was a selling point for potential buyers, alongside a loyal customer base and highly qualified staff.
Barry Ritholtz
AUGUST 13, 2023
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Deception, exploited workers, and cash handouts: How Worldcoin recruited its first half a million test users : The startup promises a fairly-distributed, cryptocurrency-based universal basic income. So far all it’s done is build a biometric database from the bodies of the poor. ( MIT Technology Review ) • Banks fined $549 million for hiding messages in iMessage and Signal : Wells Fargo and other Wal
CFO News
AUGUST 13, 2023
ET first reported on May 12 that Deutsche Bank provided the Mauritius-based Wadia Group company $300 million in 2021 and 2022 by creating charge on the bank account of Britannia Industries’ parent in London. During the same period, the company created $190 million fixed deposits that were used as security to finance Go First, ET had reported.
CFO News
AUGUST 13, 2023
Apart from the IT department, the insurers were also investigated by the Directorate General of GST Intelligence (DGGI). While the DGGI was probing them for fake input tax credit (ITC) claims, the tax department was investigating alleged tax evasion in violation of Insurance Regulatory and Development Authority of India (IRDAI) norms.
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.
CFO News
AUGUST 13, 2023
Nine senior State Bank of India (SBI) executives are in the running for the position of managing director at India's largest bank, after the previous postholder joined the Reserve Bank of India in June. The bank has four managing directors, all of whom are board members and in charge of separate departments. Candidates must have completed three years as chief general manager and deputy managing director, and a minimum of two years residual service.
CFO News
AUGUST 13, 2023
Several Indian manufacturing conglomerates including Larsen & Toubro, JSW group, Tata Power, and Vedanta have increased their intake of female engineering graduates at entry-level with a greater focus on diversity and innovation. In 2023, JSW group has almost tripled the number of female engineers hired through the graduate engineering trainee program.
CFO News
AUGUST 13, 2023
Asset transfers from banks to India’s bad debt aggregator NARCL have hit a snag. The government-backed company is insistent on banks signing off on an agreement that absolves NARCL from future liabilities, but banks have refused to give the blanket indemnity. NARCL’s demand was considered unrealistic by banks who have a board responsibility.
CFO News
AUGUST 13, 2023
The Mukesh Ambani-led telecom market leader was the largest 5G spectrum buyer in the July 2022 auction, acquiring airwaves worth Rs 88,078 crore, including those in the coveted 700 MHz band.
Speaker: Jamie Eagan
As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of
CFO News
AUGUST 13, 2023
Tata Steel CEO TV Narendran on Sunday said that the company, which is in an expansion mode in India, is not keen on any new acquisitions. According to PTI, the statement from Narendran has come amid Vedanta Ltd reviewing and evaluating its steel and steel-making raw materials businesses.
CFO News
AUGUST 13, 2023
In order to serve the most complex and sophisticated organisations globally, generating critical mass and capabilities across the entire world is essential. Focusing on building these capabilities is crucial to ensuring top-notch services, says Larry Bradley, Global Head of Audit for KPMG International.
CFO News
AUGUST 13, 2023
The strong performance of the Indian stock market has boosted Indian billionaires’ wealth. The benchmark Sensex has risen 7.3% since the start of the year. Gautam Adani and Radhakishan Damani are the only ones among the top 15 billionaires to see a wealth decline in the current year.
CFO News
AUGUST 13, 2023
RBI has hired consultants McKinsey and Accenture to develop artificial intelligence (AI) and machine learning (ML) systems for its supervisory functions. The institution wants to improve regulatory oversight of banks and non-bank financial companies by analysing data in its database using advanced analytics, AI and ML.
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CFO News
AUGUST 13, 2023
The introduction of Digital Personal Data Protection Bill, 2023 applies to digital or physical data and covers personal data, except what is publicly available or under legal obligation.
CFO News
AUGUST 13, 2023
The complaint will be filed Monday in Zurich, Arik Roschke of the Swiss shareholders' defence association (SASV) told the AWP news agency, confirming the report.
CFO News
AUGUST 13, 2023
ITC refers to GST credit for tax paid while buying goods or services to be used for business. One example of ITC is the GST paid on raw material.
CFO News
AUGUST 13, 2023
IT Hardware: The companies will have to submit a detailed and graded roadmap of make-in-India plans for products to government.
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