Thu.Nov 16, 2023

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Next-gen CFOs: Forging a new path

CFO Dive

The finance chief has long been more than a routine number-cruncher. For Gen Z, the route to the CFO chair will likely better reflect the role’s complexity.

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Time for “Finance” has arrived

CFO News

In this insightful opinion piece, Robin Banerjee emphasizes the growing demand for finance professionals in India amid a booming economy. With the country poised for significant financial growth, Banerjee highlights the crucial role CFOs and finance teams play in orchestrating success in various sectors.

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Trending Sources

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Johnson & Johnson CFO: Pandemic lesson drove $40B deal’s fast pace

CFO Dive

COVID-19 taught J&J’s finance chief the value of “speed and agility” in business, Joseph Wolk said at the MIT Sloan CFO Summit.

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Hindustan Oil Exploration Company appoints Sivalai Senthilnathan as CFO

CFO News

Senthilnathan posesesses over 27 years of diverse experience in finance and accounting across multiple sectors. He has previously held the positions of CFO in several listed companies.

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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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Palo Alto revenue surges amid ‘unprecedented’ cyberthreats

CFO Dive

Escalating cyberthreats and related regulatory pressures are keeping customer demand high, the company’s CEO said.

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More Trending

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The AI Revolution: Transforming CFOs Roles in Middle-Market and Private Equity Backed Firms

E78 Partners

The impact of artificial intelligence (AI) on private equity firms and middle-market companies is multifaceted and gaining momentum. According to Private Equity Wire and ontra’s report , Transformation Track: Private equity’s journey to a tech-powered future , 66% of private equity firms consider AI and machine learning essential tools. However, only 7% have adopted these technologies so far.

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What Co-founder tag means to Yulu CFO Anuj Tewari

CFO News

Every employee in Start-up is part of the founding team and has to contribute with the same passion and sense of ownership – the title is just a formalization of the same, says the co-founder CFO.

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How finance leaders must approach climate crises

Future CFO

Organisations seek new ways to cope with record temperatures and extreme weather as the numerous climate crises continuously become industry disruptors. According to PricewaterhouseCoopers International , relatively few companies recognise what it really means to do business in a way that minimises environmental harm, let alone how the transition may unlock enormous growth opportunities.

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Adani Unit, ArcelorMittal, JSW in race to buy Vadraj Cement

CFO News

The Bombay High Court had, in August 2018, ordered the winding up of Vadraj Cement after a trade creditor, Beumer Technology India, dragged it to the court for recovery of dues.

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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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Data analytics as a game-changer in accounting

Future CFO

Accountants nowadays are expected to adapt and acquire new skills to stay ahead of the curve as the business environment rapidly changes. Among these skills is data analytics, which when mastered, can make a significant impact on an accountant’s career trajectory and professional growth. Data analytics has become a crucial skill for accountants as it enables them to provide valuable insights to clients, drive efficiencies, and enhance risk management.

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RBI tightens norms for consumer loans amid rise in unsecured lending

CFO News

The Reserve Bank of India has increased risk weights for consumer credit exposure in commercial banks, including personal loans, by 25 percentage points to 125%. This comes after warning about the risks of surging personal loans. Unsecured loans have been an outlier at 23%, compared to an average of 12%-14%. This has led to record borrowing and household savings dropping to multi-year lows.

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The Mentoring Round | Frank Teruel, CFO, Arkose Labs

CFO Thought Leader

Inside The Mentoring Round CFO Frank Teruel shares some unique perspective on the CFO experience, while explaining his passion for teaching. Teruel’s stated goal to better understand human behavior is reflected by his book recommendations. 951: Tomorrow’s Lessons, Today | Frank Teruel, CFO, Arkose Labs The post The Mentoring Round | Frank Teruel, CFO, Arkose Labs appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

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Govt writes to Hindustan Zinc, says company needs its nod for creating separate biz entities

CFO News

HZL's board in a September 29 meeting asked the company to explore a corporate restructuring to create three separate legal entities for zinc and lead, silver, and recycling business to unlock shareholder value. The government has a 29.54% stake in HZL that is 64.92% owned by Anil Agarwal-controlled Vedanta Ltd.

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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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In Memory of Pat Lang

Focus CFO

It is with great deep sadness that we share that our friend and colleague, Pat Lang, passed away on November 13, 2023, at the age of 60.

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RBI gives approval to appoint Isha Ambani, two others as directors of Jio Financial

CFO News

Jio Financial Services on Thursday said the Reserve Bank has granted prior approval to appoint Isha Mukesh Ambani and two others as directors of the Reliance Industries' NBFC firm. "We wish to inform you that the RBI vide letter dated November 15, 2023, has accorded its approval for the appointment of Isha Mukesh Ambani, Anshuman Thakur and Hitesh Kumar Sethia as directors of the company," Jio Financial said in a regulatory filing.

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Revisiting Greedflation

Barry Ritholtz

Over at Alphaville , Robin Wigglesworth looks at whether ‘Greedflation’ (aka price-gouging) meaningfully contributed to Eurozone inflation. Specifically, Bank of England research suggests that while they “find no evidence of a rise in overall profits in the UK” they did notice that “companies in the oil, gas and mining sectors have bucked the trend” with “some companies… much more profitable than others.”1 I was pretty skeptical about Greedflation initia

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Expect it to be business as usual in India and life will go on with Modi in charge: Mark Mobius

CFO News

“We are seeing the likes of Starbucks and other fast food organizations coming into India because they realize that Indians now have the money to consume these services. It is best to look at the higher end spectrum in the food sector, and particularly in those food sectors that are using technology for service, whether it be delivery, whether it be services within restaurants, et cetera.

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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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The best financial planning and analysis software by the end of 2023

Spreadym

The best Financial Planning and Analysis (FP&A) software typically offers a range of features designed to help organizations effectively manage their financial performance. The best features of FP&A software often include: Budgeting and Forecasting: These features allow organizations to create detailed budgets, forecasts, and financial plans.

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Mahindra Finance on track to double book by the end of FY25 but we are not in a hurry: Vivek Karve

CFO News

“While FMCG companies have been experiencing a subdued demand environment, NBFCs have been growing quite consistently and MMFSL is not an exception. All NBFCs have reported very robust disbursement growth and therefore, the AUM growth as well. If the tide is turning and the rural incomes are showing a definite upturn, it continues to augur well for even the NBFC sector.

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Kitces & Carl Ep 125: Scale Your Business, Leverage Yourself, Or Just Grow

Nerd's Eye View

For many financial advisory firms that start out as solo shops, a single advisor-owner is often responsible for managing all aspects of running their practice, from handling all aspects of client service to prospecting for new clients. But as a firm's client base grows, the owner might find that they need to bring on employees to help manage the expanding workload.

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Power to issue clarifications on goods classification vests with CBITC only, says Delhi HC

CFO News

​The tax research unit had classified polypropylene woven and non-woven bags including those laminated with biaxially oriented polypropylene under chapter 39 of customs tariff law, which deals with plastics and articles thereof, thus a higher duty at 15% rate was to be levied.

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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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Consumers plan to spend less as cost-of-living hits home

Future CFO

Consumers plan to spend less due to rising cost of living and concerns about climate change, said EY recently. While 94% of consumer respondents globally remain concerned about the cost of living, almost 89% are also concerned about climate change, according to the 13th edition of the EY Future Consumer Index (FCI), which surveyed more than 22,000 consumers across 28 countries.

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Govt slashes windfall tax on crude oil, diesel

CFO News

The tax, levied in the form of Special Additional Excise Duty or SAED, on domestically produced crude oil was increased to INR 9,800 per tonne from INR 9,050 a tonne, according to an official notification on October 31 with effect from November 1. Further, the SAED on the export of diesel was reduced to INR 2 per litre from INR 4 a litre.

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • Anger Is What’s Driving the US Economy : A deep-seated resentment about a “rigged” system has been simmering since long before the pandemic and continues to affect consumer attitudes. ( Bloomberg ). • Stocks for the Long Run? Sometimes Yes, Sometimes No. new historical record shows that over multi-decade periods, sometimes stocks outperformed bonds, sometimes bonds outperformed stocks and sometimes they performed about the same.

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Legal proceedings against Sahara Group to go on: Sebi chairperson

CFO News

Sebi is yet to recover Rs 62,000 crore from the Sahara Group. As on March 31, 2023, Sebi has received 19,650 applications involving 53,687 accounts. Refunds have been made with respect to 17,526 applications involving 48,326 accounts for an aggregate amount of Rs 138.07 crore.

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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.