Thu.Apr 06, 2023

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Rate hike pause won't alter India Inc's capex planning, will boost CFOs investing confidence

CFO News

The Reserve Bank of India (RBI) on Thursday stopped its rate-hike cycle by retaining the key lending rate at 6.5%. This Pause came after the Central Bank had hiked rates for six times in a row. ETCFO spoke with finance leaders and economists to understand the impact of pause on India Inc's capex planning and investments.

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UberEats loses global CFO to tech startup Remote

CFO Dive

Michiel Boere has left Uber to become the first finance chief of Remote, a tech startup that provides tools and services for managing dispersed workforces.

Startups 258
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Maximize NOI With the Right ERP for Property Management

Navigator SAP

Net operating income (NOI) is a crucial metric for countless businesses. Using the right ERP for field services and property and equipment management to introduce automated recurring billing and income projections can significantly affect your profitability.

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Bed Bath & Beyond inks $120M inventory deal

CFO Dive

While battling to stave off bankruptcy on multiple fronts, the Union, N.J.-based retailer-is also struggling to keep shelves stocked and vendors paid.

Retail 257
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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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RBI’s monetary policy stance a ‘pause not pivot’: Here’s what Guv Das’s move indicates

CFO News

The central bank remains watchful and does not hesitate to take further action necessary given the unprecedented and uncertain environment. While the priority continues to be price stability. However the question is growth versus inflation, what does this stance mean?

Banking 98

More Trending

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RBI Policy: Exporters praise status quo on rate cut, sees higher momentum

CFO News

Exporters believe that the pause on the rate cut will help exporters whose cost of credit has gone up substantially due to upward revision in rates. It will help them maintain the higher momentum in the export market.

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Using a disciplinary matrix to tie compensation to compliance

CFO Dive

A good way to earn DOJ cooperation credit is to be clear on paper what violations will result in a pay reduction or clawback, a Morgan Lewis partner says.

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It’s a pause, war is not over yet

CFO News

In a surprising move, the RBI this week broke the ongoing interest rate hike cycle that began in May 2022. It hiked the repo rate by 40 bps in May 2022 and continued to raise it six times until the last policy review in February 2023. Since May, the central bank has raised rates by a cumulative 250 bps.

Banking 98
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Hiding in plain sight

The Reformed Broker

I’ve been reading Jamie Dimon’s letter to JPMorgan Chase shareholders over the last two days (it’s long) and wanted to check in here to share this bit about what happened with the banking system this spring. He is uniquely positioned to share a point of view on it… The recent failures of Silicon Valley Bank (SVB) in the United States and Credit Suisse in Europe, and the related stress in the bankin.

Banking 98
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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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'A pause, not a pivot': Key takeaways from MPC meet as Das & co retains repo rate, tweaks inflation and GDP estimates

CFO News

RBI Governor Shaktikanta Das said the repo rate has been kept unchanged on basis of macroeconomic and financial conditions. He also clarified that the decision to pause on rate is for this (April) meeting only. "Monetary Policy Committee will not hesitate to take any action in future," said Das.

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Kitces & Carl Episode 109: Attracting Clients – An Advisor For Their Goals Or A Role Model Of What They Can Achieve

Nerd's Eye View

One of the benefits of owning a financial planning business is an advisor’s ability to control their work schedule. While some advisors might want to go full throttle, perhaps working well over 40 hours per week and taking few days off, others might prefer a more relaxed schedule, perhaps taking every Friday off or going on vacation for multiple weeks each year.

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India Inc heaves a sigh of relief as RBI pauses rate hikes cycle, investment hopes rise

CFO News

Private sector may look at stepping up capital expenditure while the realty sector may get a boost as the RBI holds the repo rate at 6.5 per cent.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Pioneer, Oracle, CVS & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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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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Pillar Two regulations: Wolters Kluwer launches solution to help MNCs comply

Future CFO

To help multinationals navigate and comply with OECD’s Pillar Two regulations, Wolters Kluwer recently announced the launch of a new CCH Tagetik expert solution. As part of a continuous effort to reform the international tax system, and in adherence to OECD Pillar Two tax requirements, more than 140 countries have agreed to implement a global minimum corporate tax rate of 15% in 2024, for certain MNCs, the firm observed.

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RBI differs with World Bank on growth, inflation; expects higher crop output to help ease price pressures

CFO News

The Rese​rve Bank of India differed with the World Bank and painted a better picture of India's growth prospects and expected price pressures to ease as crop output increases. "While the numbers may not really be significant, the messaging is subtle that the MPC (monetary policy committee) expects the economy to fare well on both counts this year," said Madan Sabnavis, chief economist at Bank of Baroda.

Banking 52
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The Nonprofit Board Handbook: A Step-by-Step Guide to Success

Capital CFO LLC

Nonprofit Board Handbook: Introduction Explanation of the importance of nonprofit boards If you’re reading this you’re probably wondering what a nonprofit board handbook is. Nonprofit boards are critically important to […] The post The Nonprofit Board Handbook: A Step-by-Step Guide to Success appeared first on Capital CFO+.

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RBI’s status quo on Repo Rate likely to support low income, affordable housing

CFO News

Through six successive hikes since May, the central bank had raised policy rates by a cumulative 250 basis points taking the repo rate to 6.5%. It had hiked the rates last February making loans expensive.

Banking 52
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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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83: What Is Same-Day ACH?

Strategic Treasurer

Session 83 Coffee Break Session: What Is Same-Day ACH? What is Same Day ACH? Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer’s Managing Partner, Craig Jeffery, to chat about Same Day ACH. They discuss use cases for ACH, restrictions, and why Same Day ACH is not the standard. Listen in and learn a little bit about Same Day ACH.

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Chit funds tap finance ministry amid Andhra turmoil

CFO News

Officials, representing the funds, are knocking on the doors of the finance ministry and the Reserve Bank of India (RBI), requesting them to restrain the Andhra government from taking actions that may boil over to impact the trade and hurt many low-income households.

Finance 52
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E78 Partners Announces Company-Wide Hires & Promotions for Q1

E78 Partners

At E78 Partners, we believe that our people are the fundamental element of our success, and we’re proud to have a team of talented professionals and leaders committed to delivering excellence in everything they do. Q1 has been a period of tremendous growth and we are excited to share that we’ve hired an additional 37 people across our business and celebrated 15 promotions within the organization – all during Q1 of 2023.

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Govt notifies rules for online gaming, to appoint multiple SROs

CFO News

As per the final rules, the government will appoint multiple self-regulatory organisations (SROs) comprising industry representatives, educationists, and other experts such as child experts, psychology experts, etc. To begin with, the government will notify three SROs, but can add more later.

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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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Buy This, Sell That? Please Don’t…

Barry Ritholtz

Ever see those IR stories announcing a firm is “increasing its exposure” or “boosting our stake” or “unloading shares” in a given company? Sounds like someone with more resources, insights, and connections KNOWS something about a stock that you do not. Should you then follow the recommended announcements? Absolutely not. Here is why: These posts seem to be a bizarre combination of public records scraping and AI; they look like they were designed to generate clicks rather than reflect honest inve

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Digital India infrastructure key to push sustainable development goals: IMF

CFO News

The new digital infrastructure developed after the launch of ‘Digital India’ programme has changed India into one of the top digitally driven economies across the globe: IMF

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Why the Journey Matters | Galit Yaakobovitz, CFO, AmyriAD

CFO Thought Leader

CFO GUEST: Galit Yaakobovitz of AmyriAD Yaakobovitz: I think it’s also a part of my personality. Uh, I like the journey, and I’ll tell you about my personal life later, but, uh, I, I like to enjoy the journey. And if I’m, uh, in a certain path and I enjoy it, I don’t really care about, you know, 10 years from now, I’m, I’m focused on the journey that I’m in right now.

CFO 52
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FMCG margins improve, but rural stress weighs

CFO News

Pick-up in demand in rural markets, which contribute close to half of annual sales of most packaged goods companies, is crucial for overall recovery of the sector.

Sales 52
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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.