Sun.Jan 15, 2023

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Tulsa’s Big Bet on Remote Workers

CFO News Room

Over the last four years, more than 2,000 people have moved to Tulsa, Oklahoma because of Tulsa Remote, a program sponsored by the George Kaiser Family Foundation (GKFF) that pays remote workers $10,000 to move. It was one of the most widely publicized bids by a city to become a hub for remote work — and so far, it’s succeeding, according to two recent studies of the program.

Economics 130
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ERP Software for Procurement

Navigator SAP

Effective procurement is crucial for any business, as it involves the process of acquiring the goods and services needed to operate and grow. However, managing procurement can be a complex and time-consuming task, especially for larger organizations with multiple departments and suppliers. That's where enterprise resource planning (ERP) software can help.

Planning 130
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Valuation and Corporate Governance Consequences

CFO News Room

I am not a prolific user of social media platforms, completely inactive on Facebook and a casual lurker on LinkedIn, but I do use Twitter occasionally, and have done so for a long time, with my first tweet in April 2009, making me ancient by Twitter standards. That said, I tweet less than ten times a month and follow only three people (three of my four children) on the platform.

Valuation 130
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What India Inc CFOs want from Budget 2023

CFO News

Finance honchos are looking for a non-populous Budget that will bolster the private investment cycle and boost consumption. Decriminalisation of corporate laws wherever possible, factor reforms, simplification of GST structure and rolling back inverted duty structure are among the wishlist they shared in an ETCFO panel discussion on Budget 2023.

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Planning Your Restaurants 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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Stocks making biggest moves premarket: Disney, Logitech and more

CFO News Room

In this photo illustration the Disney+ logo seen displayed on a smartphone screen. SOPA Images | LightRocket | Getty Images. Check out the companies making headlines in premarket trading. Disney – Disney shares added more than 1% in early morning trading after the company elected independent director Mark Parker as Chairman of the board. It also opposed activist investor Nelson Peltz’s attempt to join the board as the two sides prepare for a proxy battle.

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Crossover Hedge Funds Lost Big in 2022. They’re Still Launching in 2023.

CFO News Room

Hedge funds investing in fast-growing public and private companies lost tens of billions of clients’ money last year. That isn’t stopping more “crossover” funds from launching. Mala Gaonkar, 53 years old, a former co-investment chief of Lone Pine Capital LLC, launched her New York-based crossover fund, SurgoCap Partners, on Jan. 3 with $1.8 billion, people familiar with her firm said.

Startups 100
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The first 10-year TIPS of the ‘new era’ will auction Thursday. Interested?

Tips Watch

By David Enna, Tipswatch.com It’s almost hard to believe, but this new age of higher interest rates is only about seven months old. A lot has changed in the last year. Back on Jan.

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Startups Want to Help Airlines Prevent Tech Meltdowns

CFO News Room

Airlines should take advantage of new cloud-based tools, industry consultants said, to help prevent the recent snafus brought on by the use of antiquated and siloed technology at Southwest Airlines Co. and the Federal Aviation Administration. These tools, some originating from startups, offer the potential to make airline systems more automated and less dependent on older technologies that can require manual updates and are increasingly expensive to maintain, airline-industry consultants said.

Startups 100
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Budget 2023: Foreign portfolio investors seeking clarity & parity on tax

CFO News

Recognizing their role, the Indian government decided to permit FPI investment in InvITs and REITs (referred to as ‘business trusts’) in 2016. This was aimed at increasing liquidity and attracting capital for InvITs and REITS, leading to wider participation by global investors.

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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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Will there be a global economic downturn soon?

Future CFO

Business leaders bracing for a global economic downturn, according to EY. In an EY survey of 1,200 CEOs worldwide on their prospects, challenges and opportunities, 98% are bracing for a global economic downturn characterised by geopolitical tensions, supply chain disruption and ongoing COVID-19-related uncertainty, but appear split on its length, depth and severity.

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NCLT approves Mahindra Electric’s merger with Mahindra & Mahindra

CFO News

The proposed consolidation will bring the entire automotive value chain of the Anand Mahindra-led group under one umbrella, amid an increasing focus on electric vehicles (EVs).

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An Omni-Wreck Waiting to Happen

CFO News Room

Last month, the Consolidated Appropriations Act of 2023 , or Omnibus package, demonstrated that the majority of politicians have one-track minds. They identify problems, pass legislation, and send the consequences down the line. . In “The Coming Slavery” (1884), Herbert Spencer observed that legislators often fail to perceive that they have set in motion a train on a destructive course.

Education 130
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India's WPI inflation eases to 22-month low of 4.95 per cent in December

CFO News

“Decline in the rate of inflation in December, 2022 is primarily contributed by fall in prices of food articles, mineral oils, crude petroleum & natural gas, food products, textiles and chemicals & chemical products,” stated the release.

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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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Links 1/15/2023 | naked capitalism

CFO News Room

See the Largest Flower Ever Found Encased in Amber Scientific American. Skeleton of man who dreaded becoming a museum exhibit will finally be removed from display CNN. Maine gets 1st Mega Millions jackpot with $1.35B grand prize AP. Climate. Newsom proposes cuts to climate change programs amid cloudy economic outlook LA Times. Attaboy. That’s the kind of liberal we like.

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Steps to push private investment, capex support on Budget agenda

CFO News

Prime Minister Narendra Modi will early this week hold a meeting with key finance ministry officials to finalise the February 1 budget, the last full one of this government prior to the 2024 general election, people familiar with the talks said.

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Calendar rejigged: GDP numbers to be released after Budget

CFO News

As per the new calendar, the Ministry of Statistics and Programme Implementation (MoSPI) will from this year release the first revised estimates of national income, consumption expenditure, saving and capital formation of the previous fiscal year on the last day of February against the last working day of January till now.

Numbers 52
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Business confidence hit 2-year high in October-December

CFO News

"The confidence among respondents stems from the fact that a significant majority of them (86%) believe that the government's focus on infrastructure is the biggest positive for the Indian economy, followed by the improvement in tax collections and good consumption recovery," CII said.

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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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Six companies add $1 billion of masala to topline in FY22

CFO News

The revenues of Everest, MDH, Catch and Shubham Goldiee expanded between 18% and 35%, though Eastern Condiments and Aachi recorded a marginal drop in sales. Overall, combined sales of the six companies were at ₹8,711 crore ($1.07 billion) in the fiscal ended March 2022.

Sales 52
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Budget 2023: What FM can do to promote growth in the start-ups space

CFO News

Union Budget 2023 for startups: For the growth seen in 2021 to be a long-term phenomenon, the government could boost the investment flows into the start-ups through some key changes.

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India confidence valid as it grows amid global woes: Bill Winters, Standard Chartered group chief executive

CFO News

Various segments of the Indian economy - from policy makers, businesses and the financial system - appear to be singing from the same song sheet, in a turnaround from the earlier discordant notes across the economic spectrum, he said.

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Budget 2023: India Inc CFOs want a slew of tax incentives for new investments

CFO News

An extension of the 15% corporate tax regime for manufacturing companies and correcting inverted duty structure in GST among wish list of finance honchos.

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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.

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Budget architects: The team behind this year's Budget draft

CFO News

Finance minister Nirmala Sitharaman will present the government’s last full budget before the 2024 general election on February 1.

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Industry participants flag lack of quorum at CCI amid pending deal approvals

CFO News

The concerns have been flagged to the corporate affairs ministry, which is the administrative ministry for CCI.

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