CFO News
OCTOBER 1, 2023
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.
Future CFO
OCTOBER 1, 2023
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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CFO News
OCTOBER 1, 2023
According to 18 separate orders passed by NFRA, penalties totalling Rs 18 lakh have been also imposed on the auditors for their professional misconduct.
CFO Thought Leader
OCTOBER 1, 2023
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.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
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
Future CFO
OCTOBER 1, 2023
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.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
Future CFO
OCTOBER 1, 2023
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.
CFO News
OCTOBER 1, 2023
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.
Future CFO
OCTOBER 1, 2023
There are three distinct generative AI conversations that CFOs, especially those from large enterprises, must conduct, said Gartner recently. According to the advisory firm, 80% of finance functions of large enterprises will use internal AI platform by 2026, as leadership teams do not want to fall behind peers. However, as the chief steward for an organisation’s financial health, CFOs must balance the risks and rewards of tools like generative AI, said Mark D.
CFO News
OCTOBER 1, 2023
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.
Advertiser: Paycor
There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.
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Future CFO
OCTOBER 1, 2023
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.
CFO News
OCTOBER 1, 2023
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.
Adam Kae
OCTOBER 1, 2023
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.
CFO News
OCTOBER 1, 2023
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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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
Barry Ritholtz
OCTOBER 1, 2023
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.
CFO News
OCTOBER 1, 2023
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.
CFO News
OCTOBER 1, 2023
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.
CFO News
OCTOBER 1, 2023
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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Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.
CFO News
OCTOBER 1, 2023
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.
CFO News
OCTOBER 1, 2023
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.
CFO News
OCTOBER 1, 2023
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.
CFO News
OCTOBER 1, 2023
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.
Advertiser: Paycor
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.
CFO News
OCTOBER 1, 2023
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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