Sun.Mar 19, 2023

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GST dept to scrutinise I-T, MCA data to identify entities not paying taxes

CFO News

Currently, there are 1.38 crore registered businesses and professionals under the Goods and Services Tax (GST), which was launched on July 1, 2017. Businesses in manufacturing and services sectors with annual turnover of more than Rs 40 lakh and Rs 20 lakh, respectively are required to register themselves under the GST and file tax returns.

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How professional short sellers view the current markets

The Reformed Broker

Dan McMurtrie crushed it on TCAF this week. In case you haven’t gotten to it yet, the whole video is embedded below. You can also listen to it if you’re on the go. At the 25 minute mark, he does this really great explanation of why shorting stocks is so hard, including the toll it can take on a trader’s mental health – even when they end up being right.

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Trending Sources

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Procter & Gamble Health appoints Lokesh Chandak as CFO

CFO News

Chandak will take over Amit Gupta as the CFO. He will be moving to a regional role within the Procter & Gamble Group.

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Streamline Operations With the Right ERP for Engineering Firms

Navigator SAP

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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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FSIB to soon start selection process for new LIC chairman

CFO News

According to sources, the bureau may conduct an interview for the position towards the end of next week if all members of the committee are available. FSIB is likely to make a selection this month, subject to the availability of members due to Parliament's Budget session, sources said.

More Trending

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CXO roles and the art of culture building

CFO News

Culture is an important part of any company, and a CXO's role is to lead and build the culture of the company. In today's world, where different teams and individuals work remotely or in hybrid modes, it is even harder to bring a sense of common purpose and behavior among employees. A CXO's role also includes leading transitions and breaking culture patterns.

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Jason Ang Interview: Agile companies

Future CFO

Jason Ang of Singapore Post, Ltd. talks to AFP's Bryan Lapidus, FPAC to discuss the findings of AFP's survey, Measuring Agility in FP&A. The discussion focuses on three key findings from the survey: Staffing’s role in being agile, workload’s effect on agility, and the cultural mindset of an agile organisation. The post Jason Ang Interview: Agile companies appeared first on FutureCFO.

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India Inc goes about business as viral infections surge

CFO News

There is no visible trend of panic buying, but demand for masks and sanitisers has seen an uptick in the last three-four days, a spokesperson for ecommerce grocery platform Zepto said. "The health and immunity-boosting products continue to do well on the platform, while OTC (over-the-counter) products like ORS have seen a multi-fold increase in sales," said the spokesperson.

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This week’s 10-year TIPS reopening auction still looks attractive

Tips Watch

But be prepared for another wild week. By David Enna, Tipswatch.

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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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Govt invites application for RBI deputy governor post

CFO News

The applicant should have an experience of 15 years in banking and financial market operations, said a public notice, indicating that candidates from the private sector will also be considered for the appointment.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures — now SVB-free!: • Wealthy Executives Make Millions Trading Competitors’ Stock With Remarkable Timing : Executives at companies can also have extensive access to nonpublic information about rivals, partners or vendors through their business. Buying or selling stock based on that knowledge may or may not run afoul of insider-trading law. ( ProPublica ) • China’s Faith in All-Powerful Xi Shaken by Chaos

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UBS-Credit Suisee merger creates a global wealth manager with $5 trillion invested assets; end of road of Credit Suisse

CFO News

As part of the deal, the Swiss National Bank is offering a 100 billion-franc liquidity assistance to UBS while the government is granting a 9 billion-franc guarantee for potential losses from assets UBS is taking over.

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Jayanti Chauhan to steer Bisleri now, as Tata Consumer no longer pursuing buyout

CFO News

Jayanti Chauhan, 42, is vice chairperson at the company promoted and built by her father. She will work with the professional management team headed by chief executive Angelo George, said people with knowledge of the matter.

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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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Adani plans to refinance $1.15 billion foreign bonds via pvt placement

CFO News

The group is currently engaged in exploratory talks with potential overseas investors, such as global insurance firms, to privately place longer-tenor bonds of up to 30-year maturities, said the people cited above. The bonds will carry fixed coupon rates.

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Bankrupt, stressed realty projects on investors’ radar

CFO News

Despite the challenge of insolvency, these companies and their projects are still finding good interest from investors given the presence of tangible assets including the land parcels and unfinished structures with a certain portion of sales achieved.

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Banks set to pilot dollar clearing and settlement at IFSC

CFO News

Over the next few months, Wall Street banking biggie JP Morgan, along with several other financial institutions, will carry out a pilot project where dollar payments and receipts can be completed among international banking units (IBUs) - or bank branches - at the International Financial Services Centre (IFSC) in GIFT City, Gandhinagar, Gujarat.

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Credit Suisse’s 9,000 job cuts are foretaste of UBS takeover

CFO News

UBS Chairman Colm Kelleher said it’s too soon to know a job-cut number, but UBS indicated it will be significant. The firm said in a statement on Sunday it plans to cut the combined company’s annual cost base by more than $8 billion by 2027. That’s almost half of Credit Suisse’s expenses last year.

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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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Brookfield in talks to acquire CleanMax Solar

CFO News

Investment bank Rothschild is advising CleanMax on the fundraise, one source said. "The funds, largely primary equity infusion into the company, will be used to expand its business in India as well as south east Asia and Gulf countries and to retire some debt," he added.

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Right taxation, regulation to help make India gaming hub: report

CFO News

A pertinent issue relating to the implementation mechanism proposed in the Union Budget for TDS (Tax Deducted at Source) on online games has been highlighted in the report.

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UBS to buy Credit Suisse for nearly $3.25B to calm turmoil

CFO News

Credit Suisse is among the 30 financial institutions known as globally systemically important banks, and authorities worried about the fallout if it were to fail.

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FMCG: Consumers back to buying regular or mid-priced packs

CFO News

This traction could spur sector recovery with margins being a little higher in the segment.

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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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Hotels expect new signings to rise as good times roll on

CFO News

Many chains looking to double signings as pent-up demand strong, say players.

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Outgoing TCS CEO Rajesh Gopinathan’s ops model may have led to unease

CFO News

Insiders say new structure had a buy­ in from the board and N Chandrasekaran.

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US Fed may consider a pause as SVB fallout roils markets

CFO News

Fed chief Jerome Powell likely to face questions this week around central bank’s supervision of SVB and other struggling entities.