Thu.Mar 30, 2023

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CFOs expect another rate hike by RBI in upcoming policy meet

CFO News

Will the elevated retail inflation and the recent action taken by central banks of the developed nations especially the US Federal Reserve will push RBI to increase repo rate or the banking turmoil in US and focus on growth will restrain it?

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Finance staff digital skills outstrip leadership: study

CFO Dive

As AI and automation continue to advance, the digital skills of finance staffs are outstripping those of senior executives — leading to challenges managing and engaging skilled talent.

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Trending Sources

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Good Infrastructure?!?

Barry Ritholtz

Yesterday I discussed all the reasons why the return to office was not going so well here in the US (even as RTO does much better in Europe). I spent a lot of time criticizing the sorry state of U.S. infrastructure as one of the many factors driving the reluctance to give up WFH. It doesn’t have to be this way. Back in 2018, I mentioned my personal infrastructure was improving.

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Bed Bath & Beyond files to raise $300M in market

CFO Dive

In spite of the struggling retailer’s creative efforts to raise capital, Morningstar analysts wrote Thursday that they still expect the firm to eventually declare bankruptcy.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Bankruptcy’s Roaring Return

Global Finance

With rising interest rates, out-of-control inflation and declining government support, 2023 marks the return of bankruptcies.

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CFO Corner: Alicia Mondolo, Tenaris

Global Finance

Tenaris CFO Alicia Mondolo spoke with Global Finance about the changing role of the CFO.

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The Compound x On The Tape

The Reformed Broker

Michael and I join Guy and Dan for a special episode of On The Tape! We discuss engaging with internet trolls, the culture at Ritholtz Wealth Management, financial TV punditry, what’s happening in the markets, stock picking strategies, and navigating market panic. The post The Compound x On The Tape appeared first on The Reformed Broker.

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Hero MotoCorp promotes CFO Niranjan Gupta as CEO

CFO News

A new CFO would be announced in due course of time, the company stated.

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Building Blocks of Business Valuation

VCFO

Building Blocks and Best Practices for Driving Business Value Business valuation is not an original or uncommon topic. It is, however, one that business owners and leaders should be far more focused on and reminded of often. That’s because many who start a business don’t always fully consider business value when developing their original strategy or get pulled into weeds that cause them to drift or lose focus along the way.

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Live Demo - Supercharge your Month End Close

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

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Domestic stainless steel demand will continue to see healthy growth till FY25: Crisil Ratings

CFO News

The demand will be driven by increasing adoption of stainless steel in railways which is a focus area for government infrastructure spending, and rising application in the automobile and construction sectors. The demand growth, in turn, will spur capacity additions.

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Clips From Today’s Halftime Report

The Reformed Broker

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

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The power of ESG

CFO News

With rising environmental concerns, the actions over ESG and sustainability have increased manifold globally. From general events to board meetings to the G20 summit, the idea of ESG and sustainability has been widely discussed on various fora. Companies and regulators have framed rules for ESG or sustainability as a whole.

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • Volcker Slayed Inflation. Bernanke Saved the Banks. Can Powell Do Both? In 140 years, American policymakers have never faced a banking crisis quite like this. ( Bloomberg ) • A Tale of Two Housing Markets: Prices Fall in the West : While the East Booms In an unusual pattern, the 12 major housing markets west of Texas, plus Austin, saw home prices fall in January, while the opposite happened in the rest of the country. ( Wall Street Journal ) see also How Wall Street

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Fast-Track Your Financials: Techniques to Slash Your Month-End Close

https://trustedcfosolutions.com/feed/

We know that you’re all too familiar with the fact that managing your company’s finances is a never-ending, ongoing task. Your accountant is the unsung hero who supports you through all the ups and downs of your financial journey. But even the most experienced accountants face their own set of challenges, especially when it comes to the monthly close.

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IFC may double investments in India to $2.5-3 billion/year

CFO News

The International Finance Corporation (IFC) is planning to double its investments in India and support Indian companies in their global expansion plans. IFC, which is the largest investor in India, has been investing $1.3-$1.5bn annually in the country since the onset of the Covid-19 pandemic and could increase this figure to $2.5-$3bn annually.

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From CFO to coach: A journey of self-awareness and enabling leadership success

Future CFO

Editor’s Note: In this latest interview for FutureCFO's Female Leadership in Finance Series , Linda Scott (pictured), Founder and Managing Director at executive coaching service company Thinking Leaders shared her journey of transitioning from a finance leader to a coach and company founder, how CFOs and business leaders might benefit from coaching, and advice for female finance executives.

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RIL calls shareholder meeting on May 2 to approve demerger of financial services business

CFO News

Reliance Industries had last year announced the demerger of its financial services business into a separate entity and subsequent listing it on the stock exchanges

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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Life Sciences Venture Capital Monitor – Europe 02/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Life Sciences Venture Capital Monitor – Europe 02/2023”. The Monitor is a monthly published overview of venture capital trends in the European Life Sciences. Read more The post Life Sciences Venture Capital Monitor – Europe 02/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Tata Power re-appoints Praveer Sinha as CEO & MD for four years

CFO News

"We wish to inform that, based on the recommendation of the Nomination and Remuneration Committee, the Board, at its meeting held today, approved the re-appointment of Dr. Praveer Sinha as the CEO & Managing Director of the Company for a period of four years from May 1, 2023 to April 30, 2027, subject to approval of the Members of the Company," Tata Power said in a regulatory filing.

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What Is an Exit Strategy in Business (and Why Do You Need One)?

Michigan CFO

No business owner wants to think about the day when they will have to leave their business, but it’s important to have an exit strategy for a business in place just in case. Without an exit plan, you could find yourself in a difficult situation if something happens and you have to sell your business or retire. In this blog post, we will discuss what an exit strategy is and why you need one for your business.

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Welspun acquires water tanks manufacturer Sintex for Rs 1251 crore

CFO News

For decades Sintex has been a household name in India for water tanks and other plastic products having a strong distribution network across India. According to an official statement by Welspun Group, with the acquisition of Sintex, Welspun will be an integral part of many more households nationwide, expanding its building material portfolio which is a huge part of the larger B2C strategy.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Hotel, flight bookings strong despite rising Covid cases, job cuts: Hospitality companies

CFO News

“There is no impact whatsoever. In fact, we also spoke to our travel partners to assess if the pace has slowed down for forward bookings and we are told there is no diversion. All our bookings are on track and we haven't seen any cancellations,” said Vikramjit Singh, president, Lemon Tree Hotels.

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FMCG executives in demand as biggies jostle for talent

CFO News

In the last four months, the FMCG arm of Reliance Retail Ventures has announced entries into soft drinks with the Campa and Sosyo Hajoori brands it had acquired; beauty soaps with Glimmer; and natural and hygiene categories under Get Real and Puric brand names, Dozo dishwash bars and liquids, HomeGuard toilet and floor cleaners, and Enzo laundry detergent powder, liquid and bars.

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Adani Group tells stock exchanges to protect investor interest

CFO News

Adani Group has attributed the Tuesday, March 28, 2023 fall in its stocks to 'The Ken' report captioned “The Adani Group wants you to believe it has repaid all its loans against promoters. Here’s why you should not”.

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India to unveil new Foreign Trade Policy 2023-28 on Friday

CFO News

The current foreign trade policy (2015-20) is in force till March 31, 2022. The term of the previous five year policy had ended in March 2020. However, it has been extended repeatedly in wake of Covid outbreak and resulting lockdowns. The last extension was given in September 2022 till March 31, 2023.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.