Tue.Mar 28, 2023

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IDBI Bank appoints Smita Harish Kuber as CFO

CFO News

Smita will take over as CFO from P. Sitaram, who will retire on attaining superannuation on March 31, 2023.

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Experts warn against ransomware complacency

CFO Dive

Despite reports of fewer ransomware-related cyber insurance claims and decelerating premiums in 2022, experts say the threat is still serious and evolving.

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All You Need to Know to Build Generational Wealth

Barry Ritholtz

Just back from California and Arizona, and still digging out. In the meanwhile, check out Nick today : The post All You Need to Know to Build Generational Wealth appeared first on The Big Picture.

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PCAOB proposes updated standards, faster audit filing

CFO Dive

The audit watchdog aims to update and unify interim standards created 20 years ago, aligning its rules with new independence requirements and advances in technology.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Vedanta acting CFO Ajay Goel resigns

CFO News

Goel decides to resign from Vedanta to pursue other opportunities outside the organisation.

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More Trending

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#FA Success Ep 326: Finding Marketing Success By Building Spreadsheets To Track That Advisor Data, With Erica Pauly

Nerd's Eye View

Welcome back to the 326th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Erica Pauly. Erica is the Founder and Owner of Track That Advisor, a consulting and coaching firm based in Gilbert, Arizona, that helps advisory firms track, and then improve upon, their marketing results. What's unique about Erica, though, is how she built a series of spreadsheet tools to measure the details of each step of her advisory firm’s marketing funnel, from lead generation

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Embattled EV maker Nikola promotes insider to CFO

CFO Dive

The EV maker’s CFO is stepping down following managerial turmoil in recent years.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Berkshire Hathaway, Transocean & Utilities (XLU) from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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FTC opens inquiry into cloud market competition, security

CFO Dive

As consolidation among so-called hyperscalers such as AWS, Google Cloud and Microsoft Azure grows, federal authorities are raising concerns over cloud dependence in critical sectors.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Everyone Is Overweight Cash and Underweight Stocks

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Lending Shock – Shocks to bank lending standards do not fade away quickly. They persist and cause recessions. ►Are Banks Screwed? – “Since peaking almost exactly one year ago, deposits at all domestic.

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CIOs grapple with the fallout from rush to cloud: uncontrolled costs

CFO Dive

Executives are coming to grips with the result of decentralized decisions, and leaning on FinOps to curb usage and spend, according to KPMG’s Will DeMille.

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Hiring intent for manufacturing, services sector up 10 pc for Q1 of FY24: Report

CFO News

According to the TeamLease Services' 'Employment Outlook Report' for the Services and Manufacturing sectors for Q1, FY24, despite the ongoing global turmoil, hiring intent in India has steadily increased over the past year.

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Bank failures could cause SMB credit crunch

CFO Dive

“The current banking crisis could directly lead to a small business crisis if they are not able to quickly access the capital they need to sustain and expand their operations,” Biz2Credit’s CEO said.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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Asia Pacific private equity deal value down 44% in 2022

Future CFO

Asia Pacific private equity deal value plunged 44% year-on-year to US$198 billion in 2022, ending two years of record dealmaking, said Bain & Company recently when releasing its Asia Pacific Private Equity Report 2023. Slower economic growth , declining consumer confidence, falling manufacturing output, high inflation, and mounting global and regional uncertainties resulted in a perfect storm which dampened investor sentiment, the firm noted.

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Billionaire mining tycoon Anil Agarwal fights to clear Vedanta’s debt

CFO News

Agarwal is facing one of his toughest acts yet. The tycoon’s Vedanta Resources Ltd. has close to $2 billion of bonds to settle in 2024 — half of which is due in January. Short of that, his London-headquartered company risks getting cut deeper into junk and losing crucial access to funding. That’s bad news for one of India’s richest men, who has long dreamed of competing against Glencore Plc and BHP Billiton as the world’s dominant natural resources supplier.

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3 Keys to Accelerating Growth with High-Quality Revenue

CFO Alliance

The post 3 Keys to Accelerating Growth with High-Quality Revenue appeared first on CFO Alliance.

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Private sector firms could turn big spenders, soon

CFO News

​​Reliance Industries will dominate the mix with a large investment programme across oil-tochemical, new energy and digital services businesses, the report said. ​​Bharti Airtel, the second largest private investor, will spend huge sums on 5G rollout. The ratings agency said corporates rated by it will see a 10%-12% rise in capex in FY23 and FY24, even as it cautioned there were risks to this revival.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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10 Tuesday AM Reads

Barry Ritholtz

My Two-for-Tuesday morning train WFH reads: • The Fed’s anti-inflation work is almost done, with an assist from the banking crisis. the economic turmoil created by the collapse of three banks this month and the impairment of a fourth gave it a bit of breathing room in its increasingly unpopular campaign to subdue inflation with a series of sharp interest rate hikes. ( Los Angeles Times ) • Schwab’s $7 Trillion Empire Built on Low Rates Is Showing Cracks : Company faces pressure from bond losses

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Adani CFO slams 'misleading' reports on debt repayment

CFO News

Taking to Twitter, Jugeshinder Robbie Singh said the deliberate subterfuge will be clear to all once exchanges update the data post end of quarter. Earlier, a report by The Ken claimed that the present data available with the exchanges is not matching with the conglomerate's statement of repaying all the $2.15 billion of share-backed debt.

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ITC plans Rs 3,000 crore yearly growth push, says Chairman and MD Sanjiv Puri

CFO News

Puri expects the fast-moving consumer goods (FMCG) industry to bounce back by volume sales growth from the next fiscal year, led by rural demand, with early signs of recovery already visible. Puri said the revival will be accelerated, with inflation cooling down and product prices correcting.

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States asked to finish fresh audits of public sector enterprises

CFO News

"Many SPSEs were not filling their annual accounts and the audit process was not very prompt. We have asked all the states to make the whole process electronic and file all the updates by June 30," a senior government official told ET, adding that over 30 SPSEs had not updated their annual accounts post Covid.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Centre’s debt burden hits Rs 146 lakh crore in Q3

CFO News

While internal debt rose 2.1% to Rs 125.24 crore as of December 2022 from the previous quarter, external debt totalled Rs 9.17 lakh crore, up 6.1%. The centre’s other liabilities grew 5% during this period to Rs 11.96 lakh crore, showed the data.

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Indian exports crossed record $750 bn-mark: Piyush Goyal

CFO News

Indian goods and services exports have crossed the USD 750 bn-mark for the first time, news agency ANI reported Union Commerce & Industry Minister Piyush Goyal as saying at an event on Tuesday. “There’s obviously much faster growth in services, but growth in both (merchandise and services exports) is good. Probably we will end the year with about $760 bln (in exports), if not more,” Goyal told reporters.

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US consumer confidence ticks up in March

CFO News

The Conference Board reported Tuesday that its consumer confidence index rose to 104.2 in March from 103.4 in February. Optimism about current conditions fell, though consumers grew slightly more positive about the short-term future. That's a reversal from recent surveys.

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Merchant transactions using PPI on UPI over Rs 2,000 will be charged at 1.1% from April 1

CFO News

A P2M and P2P transaction is exempt, which means there will be no charge on your small-ticket purchases or private money transfers using UPI.

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.