Sun.Feb 12, 2023

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Rudy Then and Rudy Now : None of his doofus mishaps endear him to his detractors. His toxicity levels are too high. When Giuliani was revealed as a mystery contestant on Fox’s The Masked Singer, one of the judges, Ken Jeong (Knocked Up, the Hangover movies), walked off the set in disgust.

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Why Using a Dashboard is an Accounting Game-Changer

https://trustedcfosolutions.com/feed/

Imagine a business as a train, chugging along to new horizons and greater things. For a successful and uninterrupted journey, trains need certain parts and routine maintenance to run smoothly. Businesses operate similarly, requiring a toolbox of strategic sales pitches, marketing efforts, and accurate financial analyses to continue on the right track.

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Trending Sources

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Aniket Sunil Talati takes over as ICAI President, Ranjeet Kumar Agarwal as VP

CFO News

Talati takes over Debashis Mitra as ICAI President.

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Set up dynamic update of data model structure

Spreadym

Life goes on and business is constantly moving forward. New clients come, new services appear, personnel are employed and tasks change. All these developments are displayed not only in documents, reports and final results of the company, they are subject to serious adjustments in installed business systems, like bi tools, financial analysis software, manufacturing planning software, resource planning software and others.

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Planning Your Restaurants 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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The all-encompassing Amrit Kaal Union Budget

CFO News

​The tax proposals of the Budget 2023 are generally seen as balanced, i.e., some steps towards stability and clarity, rationalisation measures and widening of the tax base. There are, however, some measures that can cause genuine hardships.

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Adani cuts growth target, capex in post-Hindenburg repair moves

CFO News

The group will now shoot for revenue growth of 15% to 20% for at least the next financial year, down from the 40% growth originally targeted, said the people, who didn’t want to be named as the discussions are private. Capital expenditure plans will also be scaled down, they said, as the group prioritizes bolstering its financial health over aggressive expansion.

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Championing an integrated mindset to drive sustainable value creation

Future CFO

Stathis Gould from IFAC discusses how integrating financial and sustainability information with an integrated mindset can encourage better-informed decisions that deliver long-term value creation—financial returns to investors while taking account of value to customers, employees, suppliers, and societal interests. The post Championing an integrated mindset to drive sustainable value creation appeared first on FutureCFO.

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RBI didn't make letter to govt on inflation public fearing market disruption, reports say

CFO News

The Reserve Bank of India did not make its letter to the Central government on retail inflation measures public as it feared it could lead to market disruptions and cause financial market volatility, the central bank said in response to an appeal under the Right to Information (RTI) Act, as per Mint.

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This week’s 30-year TIPS auction will be another milestone event

Tips Watch

Real yield to maturity could be the highest in 12 years. By David Enna, Tipswatch.com The Treasury on Thursday will offer $9 billion at auction for a new 30-year TIPS, CUSIP 912810TP3.

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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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Regulators fully cognisant of Adani Group matters: FM Sitharaman

CFO News

Adani Group stocks have lost ₹9.38 lakh crore in market capitalisation since January 24, when the Hindenburg Research report was released. The report accused the conglomerate of fraudulent transactions and share price manipulation. Adani Group has rejected the report's findings and said it complies with all laws and disclosure requirements.

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India Inc expects hiring growth this year despite global woes: Study

CFO News

In a study on business and hiring trends conducted exclusively for TOI by Executive Access, 44% respondents said global macroeconomic headwinds would continue to remain the most significant challenge in 2023-24. Hiring and retaining talent comes as the second biggest challenge, as seen by 32% respondents, ahead of technological disruptions (13%). At least 76% leaders see some growth in hiring this year.

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Tata Group set to record highest growth in history: Tata Sons chairman N Chandrasekaran

CFO News

The group is also making significant investments in its new growth businesses which include Air India, Tata Neu SuperApp, batteries, Tata Electronics and 5G. Tata Sons is currently evaluating the proposed venture into semiconductors.

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Luxury car companies line up for big Indian electric vehicle race

CFO News

Mercedes, BMW, Audi and Volvo are bullish on EVs even as they are priced higher than petrol and diesel vehicles, said the executives, adding that among other benefits buyers are enthused by a lower 5% goods and services tax (GST) on EVs and waiver of road registration tax in several states.

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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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Vodafone Idea in talks to refinance Rs 3,000-4,000 crore of loans

CFO News

Vodafone Idea has a ₹9,600 crore debt repayment due in September 2023. That could further restrict the operator's capital expenditure ability, unless there is some refinancing of existing bank debt soon.

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Karnataka collected record GST of Rs 6,085 cr in January: CM Bommai

CFO News

"A record collection of 6,085 crore has been made under GST this month. Karnataka continues to be state with the highest growth rate of 30% in the GST tax collection," Bommai tweeted.

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Merger of seven subsidiaries with Tata Steel to be completed by FY24, says CEO Narendran

CFO News

Besides Angul Energy, the six subsidiaries to be merged with Tata Steel are Tata Steel Long Products (TSPL), The Tinplate Company of India, Tata Metaliks, TRF, Indian Steel & Wire Products, and Tata Steel Mining and S&T Mining Company.

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Income Tax dept to come out with modified valuation norms for taxing foreign investments in unlisted companies

CFO News

The Finance Bill, 2023 has proposed amending Section 56(2)(viib) of the I-T Act, thereby bringing overseas investment in unlisted closely held companies, excepting DPIIT-recognised startups, under the tax net. The official said that amendments are needed as I-T Act and FEMA provide different methodologies for calculating the FMV of shares of unlisted companies.

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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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Expect ecommerce volumes to grow 15-20% in 2023: Delhivery CEO Sahil Barua

CFO News

While some e-tailers may go through ups and downs based on their respective funding situation, the broad arc of e-commerce remains positive, Barua said after an earnings call with analysts on Saturday.

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Kotak Mahindra Bank acquires microlender Sonata for Rs 537 cr in all cash deal

CFO News

The two-decade-old Sonata, a registered Non Bank Finance Company-Microfinance (NBFC-MFI), had Rs 1,903 crore of Assets Under Management (AUM) as of December 31, 2022.

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Total’s decision to pause Adani hydrogen project to impact $6 billion debt funding

CFO News

French firm had agreed to guarantee 50% of H2 project debt over and above $4 b equity for 25% stake in Adani New Industries Ltd.

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Navigating the crypto tax landscape: A global comparison

CFO News

Some countries have adopted favourable tax policies towards cryptocurrencies, while others have implemented strict regulations.

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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.

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NBFCs' collection efficiency close to pre-Covid levels: ICRA

CFO News

The delinquency levels are lower by 300 basis points (bps) from their peak levels during Covid-19, the rating agency said.

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Qualcomm-backed drone maker plans Rs750-cr IPO

CFO News

Investment banks JM Financial and IIFL are the lead managers for the IPO.