Sun.Jan 22, 2023

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Does It Feel Like Your Department Has Been Sidelined?

CFO News Room

If you were to look at the inner workings of any successful company, you would notice an intricate web of departments — marketing, IT, HR, engineering, legal, etc. — in a constant give-and-take with the units they support. As business priorities change, certain parts of the company inevitably will command influence and visibility while others get sidelined.

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China Pumps Up The ‘Panda Bond’ Market

Global Finance

With interest rates rising in the West, China hopes its falling interest rates will attract multinationals to its domestic bond market.

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Trending Sources

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Stocks making the biggest moves after hours: Netflix, Nordstrom and more

CFO News Room

Check out the companies making headlines in midday trading. Netflix – Shares of Netflix jumped 6.3% after the company’s per-share earnings came short of analysts’ expectations. Nevertheless, the latest quarterly results showed the streaming service added millions more subscribers in the quarter than Wall Street anticipated. The company also announced that co-CEO Reed Hastings would step down from the role.

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7 Reasons to Apply for a Disaster Loan

CSC Advisors

Did you know that 20% of companies will suffer from power failures, floods, fire, terrorism, or hardware or software disaster? If you don't have a disaster recovery plan in place, you might be looking for ways to keep your business up and running. A disaster loan can help you through hard times. Keep reading to learn why you should consider applying for a disaster loan. 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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Centre to tap brakes on capex growth, key subsidies this Budget, says new poll

CFO News

Prime Minister Narendra Modi's government has more than doubled capital spending since fiscal 2019/20 in a bid to make India a more attractive destination for global manufacturing. But private investment has lagged New Delhi's lead for about a decade.

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How India's bid to reform Bankruptcy Law affects payouts to creditors

CFO News

To speed up proceedings and counter a mounting caseload, the Ministry of Corporate Affairs last week published published dozens of proposed amendments to the insolvency code, giving the public until Feb. 7 to provide input. Any changes to the law would have to be voted on by parliament.

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A Rocky Year for Equities!

CFO News Room

It is the nature of stocks that you have good years and bad ones, and much as we like to forget about the latter during market booms, they recur at regular intervals, if for no other reason than to remind us that risk is not an abstraction, and that stocks don’t always win, even in the long term. In 2022, we needed that reminder more than ever before, especially after markets came roaring back from the COVID drop in 2020 and 2021.

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Exemption-less income tax regime under review, could see changes

CFO News

The scheme offers lower tax rates of 5%, 10%, 15%, 20%, 25% and 30%, with the peak rate applicable to incomes of more than Rs 15 lakh. The regular regime with exemptions has three slabs (5%, 20% and 30%) and the peak rate is levied on incomes of more than Rs 10 lakh.

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Take Your Foot off the Gas

CFO News Room

In 1991, a year after his controversial firing as men’s basketball coach at North Carolina State University, Jim Valvano published a book titled They Gave Me a Lifetime Contract, and Then They Declared Me Dead. It’s a great title. The past few weeks’ convergence of energy and environmental news reminded me of the irony of that book title. Rolling blackouts, which the 2022 State of Reliability report by the North American Electric Reliability Corporation (NERC) had previously warned about, affect

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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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Credit rating agencies ask RBI to come out with default recognition criteria

CFO News

With the central bank and the capital market regulator, the Securities and Exchange Board of India (Sebi), parting ways on how different kinds of debts would be rated in the financial market, the rating companies want the RBI to come out with a public statement on recognition of default.

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Links 1/22/2023 | naked capitalism

CFO News Room

NRC Certifies First U.S. Small Modular Reactor Design US Department of Energy Mass. health department warns of drug-resistant gonorrhea strain Boston.com Davos The ‘greatest tragedy’ would be if central banks don’t finish the job on inflation, Larry Summers says CNBC (Kevin W) World Economic Forum hemorrhoid, Chrystia Freeland, thinks the middle class makes too much money.

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Counterterrorism, trade, inclusive connectivity top India's SCO agenda

CFO News

Countering terrorism, widening inclusive connectivity initiatives in Eurasia, stabilising Afghanistan and pushing trade in Central Asia-Eurasia top India's agenda, according to persons familiar with the matter. In this backdrop, four senior officials' meetings, national coordinators' meeting and SCO Film Festival are scheduled to take place this month.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Just How Common Is Corporate Fraud? A new study estimates that on average 10 percent of public companies commit securities fraud each year. ( New York Times ) • Skipped Showers, Paper Plates: An Arizona Suburb’s Water Is Cut Off : Hundreds of homes outside the boundaries of Scottsdale can no longer get water from the city, now their owners are living a worst-case scenario of drought in the West. ( New York

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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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On-the-job training: Revamp of skilling policy on the anvil

CFO News

The move is aimed at enhancing employability of the country’s youth and open job opportunities for India’s skilled workforce in other countries. The new policy will be industry centric with incentives for training and placements of candidates, a senior government official told ET.

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Royalty payments to UK parent in HUL's interest: CEO Sanjiv Mehta

CFO News

"Royalty grants us the right to use Unilever-owned brands and access to Unilever's cutting-edge technical knowhow, world class R&D and innovation capabilities," he said. "The service fees enable us to leverage Unilever's global expertise and functional services.

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iPhone Apple of India's eye, hits $1 billion exports mark in December

CFO News

Apple and Samsung have been the leading players for exporting mobile phones from India. As per government officials, Apple overtook Samsung to become the leading mobile phone exporter in November and achieved the $1 billion mobile phone exports in December.

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Long-term growth story of the Indian economy intact: JLL

CFO News

Institutionalisation of India's real estate is expected to pick up pace. Transparency in the sector is expected to increase from hereon, and this aspect will attract a larger share of global investments in the years to come. "The long-term growth perception toward India is unlikely to wane anytime soon," he added. In real estate, commercial offices continue to be the preferred investment segment in India.

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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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Tata Industries likely to re-evaluate business strategy

CFO News

In recent times, Tata Sons has been merging small businesses housed in various Tata group companies that have been non scalable and unprofitable for a long time. Capital allocation, efficiency and scale are critical to be competitive in the marketplace, top officials close to the development said.

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JSW Steel's export push can sustain rebound

CFO News

For the December quarter, the company's Ebitda rose by 160% sequentially to ₹4,547 crore, although down sharply over last year's corresponding quarter. Lower raw material costs helped. But several cost-saving investments which it commissioned also have started showing. Revenues stood at ₹39,134 crore, down 6% QoQ and net profit at ₹474 crore vs loss of ₹915 crore.

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What are the major concerns of India Inc CFOs going into 2023?

CFO News

In interactions with ETCFO over the last few days, leading CFOs across the spectrum spoke about their concerns going ahead.

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IT firms need pricing improvement to ease margin woes: experts

CFO News

Analysts see minimum room for improved utilisation and automation to impact the margin growth.

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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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Gold industry wants FM Sitharaman to bring more transparency to sector in Budget 2023

CFO News

Other than tax sops across all slabs, we expect that reduction in gold import duty.