Thu.Aug 31, 2023

article thumbnail

Inflation edges up as consumers boost spending

CFO Dive

Consumers in July increased spending on a broad range of goods and services as the highest federal funds rate in 22 years showed few signs of slowing economic growth.

Economics 267
article thumbnail

At 7.8 per cent, India’s GDP growth in Q1 FY24 accelerates to four-quarter high

CFO News

The Reserve Bank of India (RBI) had predicted a growth rate of 8 per cent for the June quarter. While India’s GDP grew 6.1 per cent in the March quarter of FY23, it had grown at 7.2 per cent in FY23 as a whole.

Banking 111
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Focus on achieving predictability, Williams Marston exec advises CFOs

CFO Dive

The Fed’s efforts to halt inflation leave CFOs dealing with high interest rates — putting cash management practices in the spotlight.

article thumbnail

Personal Consumption Expenditures Price Index: +0.2%

Barry Ritholtz

The Fed’s favored inflation report was a 2.1% annualized (3 months through July) and 3.3% year-over-year. Here is BEA: Personal income increased $45.0 billion (0.2 percent at a monthly rate) in July, according to estimates released today by the Bureau of Economic Analysis (table 3 and table 5). Disposable personal income (DPI), personal income less personal current taxes, increased $7.3 billion (less than 0.1 percent) and personal consumption expenditures (PCE) increased $144.6 billio

Economics 103
article thumbnail

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.

article thumbnail

Salesforce CFO: Boost from AI, price hikes will ‘take a while’

CFO Dive

Neither price increases nor investment in artificial intelligence will likely boost revenue significantly this year, CFO Amy Weaver said.

CFO 242

More Trending

article thumbnail

Bharti AXA Life Insurance appoints Rikhil Shah as CFO

CFO News

As CFO Shah will be in charge of leading the company’s financial operations, to assess and manage the financial risks, while ensuring compliance with the regulatory norms.

CFO 96
article thumbnail

Paypal Mints Stablecoin

Global Finance

Unlike are forms of cryptocurrency, stablecoins are typically backed by an asset or a basket of assets like gold or a traditional fiat currencies like the U.S. dollar or Euro.

article thumbnail

GDP shows investment green shoots

CFO News

Nominal GDP grew by 8.0% compared to 27.7% in the first quarter of FY23. Key sectors like trade, hotels, transport, and communication saw growth of 9.2%, while real estate and finance rose by 12.2%. Agriculture and electricity sectors grew by 3.5% and 2.9%, respectively.

article thumbnail

Indian Summer: Q&A With CEO And Founding Partner Of Emphasis Ventures Melissa Frakman

Global Finance

Melissa Frakman, CEO and founding partner of Emphasis Ventures, a global early-stage venture capital firm that focuses on India, speaks with Global Finance about digital infrastructure and fintech trends in what some economists believe will soon be the world’s third largest economy.

Finance 75
article thumbnail

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.

article thumbnail

Oil & Gas – SG&A Expense Reduction

VCFO

Oil & Gas Business Focus – Planning for Rapid SG&A Expense Reduction Oil & Gas vets can likely recall where they were in 2015 when oil prices plummeted from $125 to $40 and in 2020 when prices went negative, dropping from $40 all the way down to -$40. Big swings like these are all too familiar in the Oilfield Services (OFS) space and drive daggers into some companies while, on the other hand, others are able to weather the storms.

article thumbnail

Banco Inbursa Agrees To Cetelem México Purchase

Global Finance

Global Finance Magazine - The purchase is in line with Banco Inbursa’s 2015 acquisition of the financial business of Banco Walmart de México.

Finance 75
article thumbnail

How to Prepare for Year-end With Your Bookkeeper

CFO Share

In small business, year-end financial preparations can feel like a tightrope walk. The stress of ensuring accurate records, timely tax filing, and smooth audits can be overwhelming, especially if last year’s experience was anything but smooth. The partnership between a business owner and a bookkeeper is paramount during this time. Here’s how to ensure this year-end is more streamlined and less stressful.

article thumbnail

BDO USA Adopts Employee Stock Ownership Model

Global Finance

Global Finance Magazine - To attract and retain prospects, accounting firms are trying to entice prospective employees with additional benefits.

article thumbnail

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.

article thumbnail

Vedanta lobbied to weaken environmental regulations during pandemic: OCCRP report

CFO News

In January 2021, Vedanta Group Chairman Anil Agarwal told former environment minister Prakash Javadekar the government could add "impetus" to India's economic recovery by allowing mining companies to boost production by up to 50% without having to secure new environmental clearances, the OCCRP said.

article thumbnail

M&A trend: Business leaders expect rebound into 2024

Future CFO

When it comes to the latest M&A trend, business leaders expect to see a rebound into 2024, according to EY. According to findings of the latest EY CEO Outlook Pulse survey, nearly all (98%) of CEOs expect to actively pursue a strategic transaction in the next 12 months, up from 89% in January 2023. In addition, 59% of respondents look to M&A, while 47% look to divest and 63% look to enter strategic alliances or joint ventures, survey results indicated.

article thumbnail

Global IT hardware companies bat for lifting of import restrictions

CFO News

In a meeting with IT minister Ashwini Vaishnaw, held earlier this week, the companies said the import licensing requirement puts "unnecessary pressure" since there is no ecosystem in place in India at present to manufacture these products such as laptops, tablets and servers, executives present at the meeting told ET.

article thumbnail

Welcome Michael Gibson

Focus CFO

Michael Gibson has joined the FocusCFO team in Central Ohio and will be leveraging his skills and finance expertise to provide Fractional CFO services to small and medium-sized businesses. Mike has more than 25 years of executive-level financial management and leadership experience. Throughout his career, he has served as an operationally-focused business leader successful in advancing business strategy, planning, operations, organizational and business process improvement and growth of various

article thumbnail

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

article thumbnail

Sebi order on Cairn UK dividends may cloud Vedanta's prospects as debt pressure mounts

CFO News

"The Securities and Exchange Board of India is investigating the non-payment of dividends by Cairn India to Cairn UK Holdings after Cairn India's merger with Vedanta in 2017," said a source. "Sebi is likely to give an order by October 14, 2023, as per Supreme Court's order, which could lead to an additional payment burden for Vedanta.

article thumbnail

Managing Cash Flow Challenges: Strategies for Digital Marketing Agencies

Adam Kae

What is Cash Flow? Cash flow refers to the money coming in and going out of your agency - the accounts receivable and accounts payable. If money is flowing correctly, you won’t have any problems paying your expenses and reaching your business objectives. However, life isn’t perfect, and we often find little (and sometimes not so little) problems in the cash flow.

article thumbnail

NCLAT issues notice to Zee Entertainment over IDBI Bank's plea

CFO News

The National Company Law Appellate Tribunal (NCLAT) has issued a notice to Zee Entertainment Enterprises Ltd (ZEEL) following a petition from IDBI Bank. The bank has challenged an NCLT order rejecting a plea to initiate insolvency proceedings against ZEEL. The NCLAT has given ZEEL two weeks to file a reply, and IDBI Bank two weeks to file a rejoinder.

article thumbnail

Tesla Lost their CFO – How and When this Will Happen to You

CFO Selections

According to news reports , Tesla’s CFO, Zachary Kirkhorn, has unexpectedly stepped down after 13 years with the company. This came as a shock to many because he was widely viewed as a possible successor to Elon Musk for the CEO role. He announced that he will remain on until the end of the year to help with the transition, but that the company’s Head of Accounting would replace him within the week in an interim capacity.

CFO 52
article thumbnail

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.

article thumbnail

Torrent in top gear to close out Cipla buyout, in talks with PEs, banks for funds

CFO News

Rival contenders Blackstone, Baring Asia hit pause mode as Cipla valuations soar. Torrent taps PE funds like Warburg Pincus, CVC among others to raise around $1 bn before submitting binding offer by early October.

article thumbnail

Clips From Today’s Halftime Report

The Reformed Broker

Arista Networks upgraded to a buy from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

60
article thumbnail

India's eight core sectors' growth output up 8% in July

CFO News

The output of India's eight core sectors grew by 8 per cent in July after hitting a five-month high of 8.3 per cent in June. The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).

52
article thumbnail

Integrating RevRec and Cost Accounting in the SAP Public Cloud

Bramasol

Over the past eight years, many episodes in this blog series have focused on revenue recognition and how SAP solutions such as Revenue Accounting and Reporting (RAR) have provided a robust foundation for compliance with ASC 606 and IFRS 15. The evolution of SAP RAR and overall Automated Revenue Management (ARM) capabilities has unfolded along multiple paths to support existing users while also establishing a forward roadmap to some signficant new capabilities in SAP Public Cloud deployments.

SAP 91
article thumbnail

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.