Sun.Feb 06, 2022

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SpaceX’s Starlink Satellites Are Photobombing Astronomy Images, Study Says

CFO News Room

As the armada of satellites circling Earth grows, a new study shows that astronomy images are being marred by streaks of reflected sunlight left by the fast-moving objects. SpaceX alone launched nearly 150 of its expanding fleet of Starlink telecommunications satellites in the past month. Source link.

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Capital allocation: How CFOs can increase economic value added

Future CFO

CFOs who evolve their capital allocation approach to one that prizes responsiveness can add 2.5 percentage points to economic value added than “unresponsive” peers, said Gartner recently. To achieve this, CFOs should replicate the practices of activist investors who are willing to reassess the organisation’s value creation strategy and have a willingness to divest business lines to bring the portfolio in line with a coherent vision, the firm noted. .

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FPIs turn net buyers of debt worth $571.65 million in January

CFO News Room

Brent crude oil prices have risen very sharply in January, owing to supply concerns and political tension in Eastern Europe and the Middle East. By Manish M Suvarna. Foreign Portfolio Investors (FPIs) have invested in debt securities to the tune of $571.65 million in January due to rising yields in the Indian market. Yields in India have turned more attractive compared to equities for foreign investors.

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World Economic Outlook Update January 2022

Future CFO

The continuing global recovery faces multiple challenges as the pandemic enters its third year, the IMF said. The post World Economic Outlook Update January 2022 appeared first on FutureCFO.

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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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Chinese Stocks Gain After Holiday; U.S. Futures Hold Steady

CFO News Room

China’s stock market rallied as it reopened after a weeklong break for Lunar New Year, while futures for major U.S. indexes were close to flat, offering little clue to the likely direction of U.S. markets in Monday’s trading session. Global markets have been volatile in recent weeks as the Federal Reserve has prepared to raise interest rates for the first since 2018, and other major Western central banks have also become more hawkish.

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Bengals, Rams and Bitcoin: Crypto Ads Invade the Super Bowl

CFO News Room

Who will dominate Super Bowl LVI? Madison Avenue’s money is on crypto. The largest U.S.-based exchange, Coinbase Global Inc., COIN 7.24%. will be running a spot, according to a person familiar with the matter, as well as exchanges FTX and Crypto.com. Canadian exchange Bitbuy has an ad during the Canada broadcast. Newsletter Sign-up. The 10-Point. A personal, guided tour to the best scoops and stories every day in The Wall Street Journal.

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Union Budget 2022-23: Govt maintains focus on sector

CFO News Room

While the sizeable increase in infra spend and sectoral initiatives in Union Budget augur well, there is need for policy reforms that help create a robust private investment ecosystem. With over 35% y-o-y increase in capex and a proposed infrastructure spend of over Rs 10 lakh crore in Budget 2022-23, the Union government has reinforced its commitment to using infrastructure as a force multiplier for sustained economic growth.

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Data monitor: Express parcel changing logistics sector

CFO News Room

Express parcel delivery, though small in size at present, is driving this change, Credit Suisse has said. Removal of challenges such as complex indirect taxation structure and poor road infrastructure, together with rapid growth of online retail sales and the manufacturing sector, is driving realignment in the logistics sector, creating efficient, technology driven, large-scale networks.

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Europe’s Next Refugee Crisis – WSJ

CFO News Room

Armed border guards are seen guarding the Polish border line with Belarus on Jan. 27. Photo: Attila Husejnow/Zuma Press. A Russian invasion of Ukraine would have devastating humanitarian consequences, and one of them might be another refugee crisis in Europe. Let’s hope the Continent does better this time. Ukraine aspires to join the European Union, though it is still years away from doing so if it ever happens.

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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.

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Economy rebounding, don’t miss the bus: FM Sitharaman to investors

CFO News Room

The minister said the government, along with the central bank, is monitoring global liquidity tightening and the spike in inflationary pressure in key economies. It won’t allow the Indian economy to suffer as it remains much better prepared this time to ward off any tapering effect unlike in 2013 (when the last quantitative tightening took place). Days after presenting the Budget for FY23, finance minister Nirmala Sitharaman on Sunday exhorted corporate India to step up investments and take adva

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Tata Motors Rating ‘Buy’; company managed Q3 well amidst challenges

CFO News Room

JLR achieved Ebitda margin of 12% and positive FCF; domestic CV margin likely to rise; ‘Buy’ rating retained with revised TP of Rs 703. Despite limited wholesale volume of ~69k (up ~10% q-o-q) units led by chip shortage, JLR managed Q3FY22 pretty well to focus on higher margin models like RR (39% mix, up 900bps q-o-q) and deliver ~300bps q-o-q better Ebitda margin at 12%.

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What the National Debt Means to You

CFO News Room

The national debt level has been a significant subject of controversy for U.S. domestic policy. Given the amount of fiscal stimulus pumped into the U.S. economy over the past couple of years, it is easy to understand why many people are starting to pay close attention to this issue. Unfortunately, the manner in which the debt level is conveyed to the general public is usually very obscure.

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Why Colleges Don’t Care About Free Speech

CFO News Room

Georgetown University campus in Washington, Dec. 3, 2021. Photo: daniel slim/Agence France-Presse/Getty Images. Georgetown University’s law school violated its own speech policy last week when it placed. Ilya Shapiro, a newly hired administrator, on leave over a tweet that offended some students. Why do universities make grandiloquent commitments to freedom of speech, then fail to honor them?

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How Automation is Driving Efficiency Through the Last Mile of Reporting

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

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Union Budget 2022: Centre allocates Rs 73,000 crore to MGNREGA, 25.51% lower than 2021-22 revised estimate

CFO News Room

Finance Minister Nirmala Sitharaman had allocated Rs 73,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Programme in last year’s budget too. The Centre has allocated Rs 73,000 crore for the rural jobs guarantee programme MGNREGA for 2022-23 in the Union Budget presented on Tuesday. This is 25.51 per cent less than the revised estimate for the current financial year.

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Heavy Metal: Tatas win Neelachal unit for Rs 12,100 crore

CFO News Room

Tatas bested the bids by a consortium of Jindal Steel & Power as well as Nalwa Steel and Power. After Air India was acquired by Talace Pvt Ltd, another Tata Group firm Tata Steel Long Products won the race to acquire 93.71% in Odisha-based Neelachal Ispat Nigam (NINL), jointly owned by four central PSUs and two Odisha government PSUs for Rs 12,100 crore as enterprise value (EV) consideration.

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Stock Funds Slumped to Start 2022

CFO News Room

It hasn’t been a happy new year so far for fund investors. The average diversified U.S.-stock fund declined 6.7% in January, coming off a pandemic-defying 22.5% rally for all of 2021, according to Refinitiv Lipper data. International-stock funds declined 4.4%, after having rallied 9.6% in 2021. What happened? The market’s rally during the pandemic and lockdowns had been driven by good corporate earnings, supported by the Federal Reserve.

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Financial Literacy for Parents

CFO News Room

The hardest job you’ll ever have, they say, is being a parent. Having to manage all the new expenses that go along with having children—and saving for their future needs—are certainly big reasons why that’s the case. . Fortunately, you don’t have to go it alone. We rounded up some of the best resources for not only managing your money wisely but also passing on those skills to your kids.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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New Jobs for Burned-Out Teachers Mean Learning the Rules of the Corporate World

CFO News Room

Teachers have quit in droves during the pandemic. Sometimes bumpy, their paths provide a lesson plan for others looking to leap from the classroom to the corporate world. Nationwide, former educators are starting jobs in sales, software, healthcare, training services and other hot fields, and more say they want to follow suit. As in demand as they are, however, forging a post-teaching career can be tricky.

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Staff Shortages, Fed by Omicron, Curbed Growth in Fourth Quarter

CFO News Room

Employers from. McDonald’s Corp. MCD -0.22%. to home builder. PulteGroup Inc. PHM -7.76%. said staffing pressures caused by hiring challenges and surging Covid-19 cases suppressed growth or cut into operations in the fourth quarter. But many companies have already seen those pressures ease, indicating a diminishing impact from the Omicron variant. Staffing challenges were so acute at McDonald’s in mid-December that its restaurants cut back hours by about 10%, Chief Executive.

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Govt prepared to deal with any global development: FM Sitharaman

CFO News Room

In a post-Budget interaction with industry body Ficci, she urged corporates to take advantage of the recovery in the economy and step up investment. India is prepared to deal with any situation arising out of global developments, including the US Federal Reserve’s decision to roll back monetary easing, and will not allow the economy to suffer, Finance Minister Nirmala Sitharaman asserted on Sunday.

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5G spectrum auctions, design-led manufacturing scheme on the cards

CFO News Room

The telecom equipment PLI has an outlay of Rs 12,195 crore, but since Rs 4,000 crore-Rs 4,500 crore is not utilised, it can be used for 5G. The government will be conducting spectrum auctions this year to enable the launch of 5G services by private telecom operators within the current fiscal. Also, a design-led manufacturing scheme for building an ecosystem for 5G will be launched, the outlay for which might be allocated from the existing production linked scheme (PLI) for telecom equipment.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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Treasury Inflation-Protected Securities: What Investors Should Know About TIPS

CFO News Room

TIPS have suddenly moved to center stage for investors, as the surge in inflation has drawn new interest in Treasury inflation-protected securities. But how much do investors really know about these securities, other than their alluring name? Yes, TIPS may have a role to play in many portfolios, investment pros say. But some investors who take the plunge with TIPS might find they are more convoluted than conventional bonds: Their value is harder to measure and there are daunting tax wrinkles.

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January Sees 467,000 New Jobs, Stable Unemployment Rate

CFO News Room

The U.S. economy added 467,000 nonfarm payroll jobs in January 2022, as the unemployment rate rose marginally to 4.0%. Growth in employment continued in leisure and hospitality, professional and business services, retail trade, and transportation and warehousing. Job growth was much stronger than the estimate of 150,000, as compiled by Dow Jones. The forecast unemployment rate was 3.9%, essentially equal to the actual.

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Bengals, Rams, Bitcoin: Crypto Ads Invade Super Bowl

CFO News Room

Crypto companies are shelling out top dollar for Super Bowl ads as they strive to become household names. Source link.

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States’ FY23 borrowings may be back-loaded

CFO News Room

According to an official source, states’ governments are seen to borrow just 50% of their annual borrowing limit of 4% of GSDP in the first nine months of FY23, offsetting the impact on the market from the higher borrowings by the Centre. Thanks to the cushions of liberal interest-free capex loan from the Centre, higher tax devolution and release of GST compensation amounts, the Centre would expect rather back-loaded market borrowings by the states in the next fiscal year.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.