Barry Ritholtz

JUNE 9, 2024

@TBPInvictus here. About a decade or so ago, the city of Seattle undertook to raise its minimum wage, over time, to $15/hour. (Massive credit to my friend Nick Hanauer for his efforts to make that happen.) What followed in the immediate aftermath of both the announcement and implementation was nothing less than a apocalyptic, collective head explosion on the right about the devastating effects the increase would have, particularly in the food services sector: However, there’s little doubt that t

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Tips Watch

JUNE 9, 2024

By David Enna, Tipswatch.com If you follow me on Twitter (yes, I still call it Twitter), you might have seen a very recent (June 5) post observing that real yields appeared to be heading back below 2.

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Treasury Investments Finance 86

Future CFO

JUNE 9, 2024

Gartner, Inc. says the idea that an enterprise resource planning (ERP) system could be a catalyst for finance transformation may seem counterintuitive to many finance leaders who often find such platforms act as a barrier to transformation. According to Nisha Bhandare , vice president analyst at Gartner, there are ways to turn that situation around and use an ERP platform to boost finance transformation.

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CFO News

JUNE 9, 2024

In the wake of Narendra Modi's re-election for a historic third term as Prime Minister of India, a sense of buoyancy permeates the business landscape. Deepak Sood, Secretary General of ASSOCHAM, expresses optimism for bold reforms under Modi's leadership.

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Leadership 45

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

Corporate Finance

Future CFO

JUNE 9, 2024

Editor’s note: In today’s A Day in the Life interview , Julia Simatupang (pictured), Country Manager & Chief Representative, ACCA Indonesia shares with FutureCFO audiences how leading a cross-functional team helped her grow professionally and how she maintains work-life balance. FutureCFO: What does a typical day look like for you? Julia Simatupang (JS): A typical day for me involves a blend of strategic planning, team management, stakeholder engagement, and operational oversight.

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Leadership Strategic Planning Finance Education 52

CFO Thought Leader

JUNE 9, 2024

When she was an international studies major living abroad, Ashley Johnson tells us she met a U.S. ambassador, whose unvarnished career advice subsequently led her to divert her career path away from the diplomatic corps of the U.S. foreign service. Johnson reflects, “I thought I was going into the State Department.” However, a weekend spent with Ambassador Roy Huffington, immersed in discussions about the pivotal role of a strong economy, sparked a profound realization. “You ca

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CFO News

JUNE 9, 2024

Hemesh Singh, cofounder of Unacademy, transitions from CTO to advisory role after a decade. Singh's exit is the latest in a series of high profile exits from the edtech startup, which now primarily focuses on offline test preparation. Despite multiple layoffs, Unacademy reduced its net loss by 41% in fiscal 2023.

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Startups 40

Barry Ritholtz

JUNE 9, 2024

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • High-Yield Was Oxy. Private Credit Is Fentanyl. Yet despite the data — and the intuition about higher-yielding loans described above — private lenders assure investors that the extra yield isn’t a result of increased risk and that over time private credit has been less correlated with other asset classes. ( Institutional Investor ) see also The Insulin Empire : How profiteers pushed a lifesaving drug out

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CFO News

JUNE 9, 2024

Industry players and experts are emphasizing the need for tax rationalization and reduced approval costs to foster a more conducive environment for investment and development.

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Investments 40

Speaker: Claire Grosjean

In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.

Finance

CFO News

JUNE 9, 2024

Commerce Ministry considers requesting extra funds for startups in the Budget 2024-25 to support startups in various growth stages with a new scheme similar to the seed fund scheme that provided funding through incubators, in line with the Startup India initiative.

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Budgeting Startups 40

CFO News

JUNE 9, 2024

The swearing-in of Narendra Modi's council of ministers raises the question of who will be the next finance minister, with speculation on whether Nirmala Sitharaman will retain her position at the finance ministry on Raisina Hill.

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Finance 40

CFO News

JUNE 9, 2024

The full budget, likely to be presented early in July, will detail specific measures toward this end. "The focus would be to promote labour-intensive growth that will create jobs, with continued emphasis on macroeconomic stability," a top government official aware of the details told ET. A host of measures on startups and taxation - including inverted duty structure correction, along with GST rate rationalisation - is under discussion, said the person cited above.

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Investments Budgeting Startups 40

CFO News

JUNE 9, 2024

The government is considering changes to the capital gains tax regime for debt mutual funds to provide relief for the Bharat Bond Exchange Traded Fund, amid concerns over the current taxation structure.

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Planning 40

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CFO

CFO News

JUNE 9, 2024

Piyush Goyal, 59, who has been a Rajya Sabha member since 2010, eloquently articulated the government's position on different occasions during debates on various issues in the Upper House of Parliament.

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CFO News

JUNE 9, 2024

As a staunch defender of the Modi government's economic policies and executor, Nirmala Sitharaman created a record when she was appointed as the first female Raksha Mantri, or Defence Minister, in 2017. Prior to that, she was industry and commerce minister.

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Economics 40

CFO News

JUNE 9, 2024

A mix of corporate houses, infrastructure and road construction companies, non-banking financial companies (NBFCs), and funds have shown interest in acquiring these assets either individually, in combination, or both, said a person familiar with the matter.

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Construction Banking 40

CFO News

JUNE 9, 2024

With Narendra Modi set to take oath as Prime Minister for the third time, the real estate industry has high expectations from Modi 3.0. The interim budget announced a boost for affordable housing by adding 2 crore more houses to the PMAY-U scheme. Experts emphasize the need for policy reorientation, cost reductions, and tax rationalization to accelerate growth.

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Budgeting 40

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

Banking

CFO News

JUNE 9, 2024

The company has debt facilities in form of term loans on non-convertible debentures of Rs 2253 crore and Rs 703 crore respectively, according to a Care Rating report dated February 26 this year.

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CFO News

JUNE 9, 2024

PM Modi oath ceremony: Narendra Modi was sworn in as the Prime Minister of India for the third consecutive time on Sunday. The ceremony took place at Rashtrapati Bhavan in Delhi, where President Droupadi Murmu administered the oath of office.

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CFO News

JUNE 9, 2024

The Gujarat Appellate Authority for Advance Ruling has ruled that instant mixes like idli and dosa should be taxed at 18% GST, rejecting a company's plea for a 5% tax rate.

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CFO News

JUNE 9, 2024

Indian banks are urging the industry regulator to relax the current liquidity coverage requirements. They believe easing these mandates will free up more funds for lending.

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Banking 40

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

Technology

CFO News

JUNE 9, 2024

NDA 3.0: The new NDA government's budget aims for faster fiscal correction with higher growth and central bank profits to lower interest rates.

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Budgeting Banking 40

CFO News

JUNE 9, 2024

Nirmala Sitharaman administered oath as Union Cabinet Minister by President Droupadi Murmu.

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CFO News

JUNE 9, 2024

With the National Democratic Alliance assuming power, all Union ministries are set to launch their 100-day plans. ET provides a snapshot of the key government initiatives and actions planned for the next three months.

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Planning 72