Thu.Feb 01, 2024

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Productivity rebound buoys profits, blunts inflation, validates streamlining

CFO Dive

A leap in productivity may reflect a post-pandemic readjustment rather than a lasting trend in higher efficiency, Federal Reserve Chair Jerome Powell said.

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Budget 2024: Sankalp for an Unstoppable INDIA: Rakesh Nangia

CFO News

In this article, Rakesh Nangia and Rajan Sachdev delve into Finance Minister Nirmala Sitharaman's Interim Budget 2024. They highlighted that this budget presents a Sankalp (pledge) for an Unstoppable India, emphasizing inclusive growth, innovation, and the strategic importance of the India-Middle East-Europe Economic Corridor.

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R&D tax credit tweak proposal sparks pushback

CFO Dive

The American Institute of Certified Public Accountants asserts information required by the proposed new form will be a “material burden” for taxpayers.

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Budget 2024: Unpacking Key Tax Highlights

CFO News

Discover the essence of India's Budget 2024 with key tax highlights. Finance Minister Sitharaman's strategic measures promise tax stability, support for startups, and streamlined processes, shaping the nation's economic course.

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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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PwC veteran talks cracking the IT, finance silos

CFO Dive

Finance chiefs need to be sure they are opening communication channels between other executive leaders to tell ‘the right digital transformation story.

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Sanofi appoints Nestlé executive as new finance chief

CFO Dive

François-Xavier Roger will replace current CFO Jean-Baptiste Chasseloup de Chatillon as Sanofi continues a research pivot and cost-cutting drive.

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Union Budget 2024: Govt raises 'Make in India' stakes with huge jump in allocation to PLI, other schemes

CFO News

A crucial initiative for industrial growth, the Production Linked Incentive scheme witnesses a hike in allocation to Rs 6,200 crore for FY25, up from Rs 4,645 crore in FY24, demonstrating a robust 33.48% increase.

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The future of sustainability reporting in the finance function

Future CFO

Among the things finance leaders must focus on for the new year is undoubtedly the rising interest and trend on sustainability. ESG reporting is likely to be more on the center stage in 2024 , making evaluation of the organisation’s governance structure and sustainability strategy an imperative to identify gaps in time to address them. According to Susanna Hasenoehrl , head of sustainability for Asia Pacific & Japan at enterprise application software company SAP , sustainability can no long

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Budget 2024: Nominal GDP growth pegged at 10.5% in FY25

CFO News

The Union Budget for 2024-25 projects India's nominal GDP at 10.5 per cent, surpassing the statistics ministry's estimate for the current fiscal year.

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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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Shrinking the finance talent gap

Future CFO

Financial leaders nowadays face challenges in maintaining and expanding revenue streams while contending with a growing shortage of talent within the organisation. The talent gap is indeed placing immense pressure on companies to find innovative ways to manage their financial functions efficiently. In a report by non-profit research organisation APQC on the future of finance talent , they identified ways finance leaders can close the talent gap within the function.

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Budget shows a path for Viksit Bharat

CFO News

FM Sitharaman, in her Budget speech, presented a solid vision for a developed nation. The government thinks that the next five years will be years of unprecedented development and the golden moments to realise the dream of developed India @2047. The trinity of demography, democracy and diversity will play a pivotal role.

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FCF Bank Monitor – Q4 2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q4 2023”. FCF regularly engages in research on the banking sector based on available data from the most active and. Read more The post FCF Bank Monitor – Q4 2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Byju’s shareholder group calls for EGM, to vote for ouster of Byju Raveendran, board

CFO News

While investors of Byju's have been asking Raveendran to step aside from an operating role, this is the first instance of shareholders banding together to issue a statement seeking a change of guard at the company. The current board of Think & Learn comprises Raveendran, his wife and brother Riju Ravindran and Divya Gokulnath, cofounder of Byju’s.

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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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State Coincident Indexes Improve

Barry Ritholtz

A quick follow-up to last month’s note on slipping coincident indicators: December was relatively stable compared to the slide in November. Over the three prior months, “the indexes increased in 25 states, decreased in 22 states, and remained stable in three, for a three-month diffusion index of 6.” That is only one state worse on the decrease, and drop on the index from 8 to 6.

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Union Budget: 2024-25 estimates reveal significant shifts in expenditure priorities

CFO News

The government has allocated a staggering Rs 71,148 crore on general economic services and raised spending on defence, and railways, however, it has cut spend on the roads and bridges sector.

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Boosting cross-functional collaboration with FP&A

Future CFO

Finance and accounting team members nowadays seek more effective communication and clearly defined roles and responsibilities to be able to give their best in their functions. This practice helps them collaborate well with non-finance colleagues and allows them to do their best work, which benefits the organisation as a whole along the way. Financial performance management platform Planful , enumerated three key points to build an agile and collaborative FP&A function. 1.

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Union Budget 2024: Sweeping withdrawal of outstanding tax demands till 2014-15 set to bring relief to millions

CFO News

This announcement to withdraw tax demands up to Rs 25,000 for years till 2009-10 and up to Rs 10,000 till 2014-15 is aligned with the government's vision to enhance the ease of living and ease of doing business for citizens.

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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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Budget 2024: Working to make India a ‘Viksit Bharat’ by 2047, says Finance Minister

CFO News

The government is working with an approach to development that is all-round, all-pervasive and all-inclusive to achieve the goal.

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Union Budget 2024: No major PSU on block, govt cuts disinvestment target to Rs 30,000 crore

CFO News

Disinvestment: The government has raised a modest Rs 10,051.73 crore in the current fiscal year mainly through IPOs and OFs.

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Byju's US unit files for bankruptcy in Delaware

CFO News

Byju's Alpha unit listed its assets in the range of $500 million to $1 billion, according to a court filing, which showed estimated creditors in the range of 100 to 199.

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