Sun.Oct 01, 2023

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Innovation in finance: How CFOs can lead the charge

CFO News

One of the primary ways CFOs can lead the charge in innovation is by harnessing the power of technology. The finance industry has witnessed remarkable advancements in recent years, including blockchain, artificial intelligence, and big data analytics. These technologies can be leveraged to streamline financial processes, reduce costs, and improve decision-making.

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938: The Art of the Possible | Jason Leet, CFO, Zylo

CFO Thought Leader

Of the different acquisitions with which Jason Leet became involved at ExactTarget of Indianapolis, Indiana, there’s little question that the seventh was the most impactful on his finance career. As it turned out, this would also be his last acquisition—or perhaps we should say his last ExactTarget acquisition, given that this time it was ExactTarget itself that was being acquired.

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Trending Sources

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NFRA debars 18 auditors of DHFL for professional misconduct

CFO News

According to 18 separate orders passed by NFRA, penalties totalling Rs 18 lakh have been also imposed on the auditors for their professional misconduct.

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Chinese cyberspace regulator proposes cross-border data security reviews relaxation

Future CFO

A majority of business and personal activity involving sending Chinese data abroad will no longer need to go under a security assessment, according to the latest proposed regulation of the Cyberspace Administration of China. The new proposal seeks to regulate and promote legal, orderly and free flow of data , bringing relief for multinational companies with operations in China.

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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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RBI likely to maintain status quo on rates with an eye on the dollar, oil prices

CFO News

The Reserve Bank of India's rate-setting panel is expected to maintain the policy interest rates unchanged in its upcoming meeting, as it monitors inflation amid rising crude oil prices and potential rate hikes in the US. The Monetary Policy Committee is likely to keep the repo rate at 6.50% and maintain its stance of withdrawal of accommodation. The increase in global oil prices and the strengthening US dollar have increased inflation and current account deficit risks for India.

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Jio cements rural dominance in July; JioBharat likely adding to growth, analysts say

CFO News

Reliance Jio continues to dominate rural India as the only telecom operator to gain mobile users in July, while Bharti Airtel and Vodafone Idea lost customers. This can be attributed to Jio's budget feature phone, JioBharat, which appeals to entry-level mobile users. Jio added 2 million rural mobile users, bringing its total to 194.73 million, while Airtel and Vi's user bases declined.

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Practical changes for BEPS 2.0 implementation

Future CFO

The BEPS 2.0 Pillar Two global minimum tax project – some 4 years in the making – is reaching a critical phase: the tipping point when businesses and governments alike need to shift from the potential impact of change to the practical aspects of applying and administering the new rules. Although many countries are working to have the new tax rules in place by the end of 2023 there are some significant process questions that need answering.

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Surging crude may take CAD past 2% of GDP, say economists

CFO News

Economists predict that India's Current Account Deficit (CAD) will increase in the second half of the fiscal year, surpassing 2% of GDP. The CAD for the June quarter was 1.1% of GDP, lower than expected, but the gap widened due to a contraction in the trade deficit. Rising crude oil prices, particularly for Russian crude, which accounts for a third of India's fuel imports, are a major factor contributing to the widening CAD.

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The Fractional CFO's Guide to Strategic Hiring for Digital Marketing Agencies

Adam Kae

As a Fractional CFO specializing in supporting digital marketing agencies, I understand the critical importance of building a high-caliber team. In today's fast-paced business landscape, strategic hiring isn't just about filling open roles; it's a continuous process that can make or break your agency's success. Let's dive into some key insights and strategies on how to make the right hiring decisions, optimize your hiring process, and ensure that you always have the best talent on board. 1.

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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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Migration via investment route catching on among rich Indians

CFO News

The recently introduced Indian ODI (outward direct investment) regulations - which permit direct investments in international entities, subject to certain conditions - have acted as a catalyst for many wealthy Indian families to explore international investment opportunities, says Sunita Singh-Dalal, partner, private wealth & family offices at Hourani & Partners in the UAE.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Inside Sam Bankman-Fried’s Family Bubble : At Stanford Law School, Joseph Bankman and Barbara Fried specialized in ethics and social fairness. Now that their son stands accused of one of the largest financial frauds in U.S. history, they’re scrambling for legal escape routes. ( New Yorker ) • The Nasdaq 100 Is Wildly Popular.

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HDFC Bank set to get a boost from a wider branch network

CFO News

HDFC Bank, India's most valued lender, has seen a decline in its stock value in the past three months, raising concerns about its impact in the banking sector. The bank's performance has been relatively subdued compared to public-sector lenders, and uncertainties surrounding its merger with its home-financing parent have weighed on the stock.

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Navigating around the changes in FP&A post-pandemic

Future CFO

A lot has changed when the COVID-19 pandemic hit the world--there is no question about that. Businesses and firms trod around the adjustments they need to adhere to left and right to keep their companies afloat. All functions of businesses needed to be checked and most had to be overhauled to keep up with the ever-changing dynamics happening around the globe.

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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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Demat accounts adding up on IPO rush even as some swing to safety

CFO News

The number of demat account openings at domestic broking firms in India has increased during FY24 due to the stock market rally, low brokerage fees, and a surge in IPOs. However, the active client base has shrunk as market participants reduce trading due to volatile swings. The total number of demat accounts as of August 31 reached 12.65 crore, a 10.7% increase from March 31.

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The benefits of automating accounting

Future CFO

In today's fast-paced world, it is imperative that businesses must get accustomed to the latest developments in their organisation's various functions--including accounting. Accounting automation , which involves streamlining accounting processes and standardising tax inputs and workflows using technology, is among the developments rising in the business landscape as this provides more accurate results in less time.

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Big 4 raid each other's pools as talent war rages amid unprecedented growth

CFO News

The Big Four accounting firms - EY, PwC, Deloitte, and KPMG - are engaged in a talent war as they seek to strengthen their advisory practices and fill gaps in their service portfolios. Deloitte recently hired 150 members, including 15 partners, from KPMG, prompting KPMG to actively court Deloitte partners and their teams. PwC is also said to be poaching eight partners from KPMG, along with over 150 executives.

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Future Retail resolution professional pushes for new bidding round; lenders reject proposal

CFO News

Kishore Biyani-promoted Future Retail, which is undergoing a corporate insolvency process, received only one eligible resolution plan from Space Mantra even as large conglomerates such as Adani Group and Reliance Industries had made expressions of interest.

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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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Surge in Q2 FMCG, phone, car sales may bring festive cheer

CFO News

Sales of FMCG, cars, smartphones, and household appliances surged in the September quarter, driven by lower inflation, improved monsoon, price cuts, and offers. Passenger vehicle makers had their best-ever quarter, while the FMCG market grew 8-12% boosted by rural demand and price cuts. Sales of high-value items like televisions and refrigerators also increased.

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Byju's targets to reach break-even by March, hive off Epic

CFO News

Byju's had earlier set the target to become profitable by March 2023. Byju's booked a loss of Rs 4,588 crore for fiscal year ended March 31, 2021, 19 times more than the preceding fiscal.

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Govt to soon come up with rules for direct listing of Indian companies abroad

CFO News

The move would set the stage for unicorns and other entities to have easier access to a larger pool of foreign capital, they said, adding that it could also encourage a greater number of startups, with Indians at the helm, to incorporate within the country instead of jurisdictions like Singapore.

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GST woes at online gaming companies trigger a deluge of CVs at recruitment firms

CFO News

The implementation of a 28% GST on online gaming in India has led to a surge in job seekers from the sector. Concerns about the potential impacts of the GST on their future have prompted employees to actively seek new opportunities in other sectors. Job searches by talent in Indian gaming companies have nearly tripled in the last six weeks.

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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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GST collection grows 10 per cent YoY at Rs 1.63 lakh crore in September: Finance Ministry

CFO News

It is for the fourth time that the gross GST collection has crossed Rs 1.60 lakh crore mark in FY 2023-24.

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