Sun.Feb 26, 2023

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Financial services’ AI appetite grows, study says

CFO Dive

Top uses for AI in the financial services sector include ‘next-best action’ systems; portfolio optimization; and fraud detection.

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The Joke

The Reformed Broker

Act I Our hero Josh Brown spends a decade working at a succession of third-tier brokerage firms on Long Island and in New York City. He’s in his early twenties and knows less than nothing about stocks, bonds, mutual funds, investing, the economy, financial advice or anything else germane to the profession. He works for thieves, hustlers, well-meaning know-nothings and the morally compromised, men who will say and se.

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Trending Sources

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Talent crunch remains a crisis for 9 out of 10 accounting and audit firms globally: Report

CFO News

According to the Caseware International survey report, firms are adopting new technologies at a rapid pace to attract and retain talent, connect with clients and increase insights.

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REST API integration for flexible and regulated bulk data loading from any external system

Spreadym

A business performance management system exists for further analysis of how a company grows and develops compared with strategy and current operational plans and financial budgets. In other words, management of any company is interested not just in the number of manufactured products or sold services, but it worries about profit and revenue fluctuation, as well as how current indicators compare with last year and the company's growth strategy to see the potential of development and business bott

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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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Missing out on compliances is my biggest worry: Bajaj Electricals CFO

CFO News

There is a new tax regime and an old tax regime, and we are also moving to faceless assessment while businesses are still not completely sure whom to contact when their refunds are held up, says EC Prasad.

More Trending

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Product engineering firm Xoriant appoints Nithin VJ as CFO

CFO News

Nithin, previously has worked as the CFO of Wipro’s largest strategic market units - Americas-2, a US $3B division.

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Consumer spending behaviours: People ditch non-essential shopping

Future CFO

When it comes to consumer spending behaviours, holding back on or stopping altogether non-essential buying is the what people do today, according to the 2023 PwC Global Consumer Insights Pulse Survey. The firm said it surveyed 9,180 people across 25 territories worldwide from October 24 to November 16 of 2022 via a 15-minute online quantitative survey on consumer spending behaviours.

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Adani in talks for $400m debt against Australian coal port assets

CFO News

Adani family trust-controlled North Queensland Export Terminal (NQXT) is now being considered to help raise funds for the Adani Group, which has lost nearly $150 billion in market value since US short-seller Hindenburg Research published a report late last month that alleged 'fraud' and stock price 'manipulation' by the conglomerate.

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Berkshire Hathaway 2022 annual report

The Reformed Broker

Last year Berkshire Hathaway stock went up 4% while the S&P 500 (including dividends) fell 18%. Berkshire is not always a port in the storm, but it has always made it out of the storm by focusing on the most important things: Free cash flow, profitability, diversification and quality of management. This is how a conglomerate with just a few dozen people in the home office can invest in hundreds of businesses with thou.

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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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Finance ministry raises capex scrutiny to push growth, focus on states' spending

CFO News

The ministry is planning more frequent meetings with various departments to review progress, as it feels intended benefits from the capex push won't accrue unless funds are actually spent and, that too, on time.

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Short-term Treasurys: Is it time to go out a little longer?

Tips Watch

Yields could continue to rise, but it may be time to think longer term. By David Enna, Tipswatch.

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DoT nod soon for Vodafone Idea's payment plan

CFO News

The company had submitted the plan after the government asked it to provide a tentative date for making the payment as the telco is believed to have paid just around 10% of its statutory dues for the period.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • What Everyone Got Wrong About the Economy—and the Ominous Implications for the Fed : The central bank’s efforts to tame inflation haven’t worked yet. More pain, and a harder landing, could lie ahead. ( Barron’s ) • A Year of Putin’s Wartime Lies : Every credible analyst of the invasion of Ukraine has been stunned by the scale of the Russian President’s folly—and his failure extends well

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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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CBIC may consider e-filing of pleas as GSTAT not ready yet

CFO News

The Central Board of Indirect Taxes and Customs (CBIC) is considering allowing e-filling of petitions from aggrieved taxpayers as the setting up of GST Appellate Tribunals (GSTAT) may take another 10 months despite a green signal by the GST Council.

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Focus on capital spending, reforms and tax tweaks helped India become a bright spot: Kristalina Georgieva

CFO News

"As we move forward on consumer protection and protection of financial stability, specifically crypto or unbacked crypto assets, countries have to have the ability to address them, including not taking the threat of a ban off the table.

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Bajaj Auto plans production cuts amid uncertainties over exports

CFO News

Multiple people aware of the automaker's circumspect production plans told ET that Bajaj Auto, which makes Pulsar and KTM bikes, is likely to produce around 250,000-270,000 units in March, compared with average production of 338,000 units in each of the first nine months of FY23.

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BDO to hire 25,000 in India over next 5 years: Milind Kothari

CFO News

Professional services firm BDO, which started out in 2013 with two offices and 230 employees, is poised to add another 17,000 employees to its India practice and 8,000 to its global development centre-also in the country--by the end of 2028, according Milind Kothari, its India managing partner.

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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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Cooling prices may hasten the shift to branded products: FMCG companies

CFO News

Chief executives of several leading listed FMCG companies highlighted in their recent earnings calls that the change in the trend was aided further by price increases by the smaller and regional brands, as well as the unbranded trade, during the peak of inflation.

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Government should cut holding in public sector banks to under 50%

CFO News

The panel has proposed an age limit of 65 years for CEOs and wholetime directors of private sector banks. Once implemented, lenders like IndusInd Bank and HDFC Bank would have to identify successors for Romesh Sobti and Aditya Puri in the next two years.

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EV industry in India battles high attrition amid demand for talent

CFO News

Demand for talent is not only on in the local manufacturing companies who want to tap the potential market but also global businesses that are investing heavily in India for long-term returns.

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Adani isn't the only Indian tycoon in trouble; there's another storm brewing

CFO News

The next few weeks will be crucial for fundraising. If it fails, the issuer’s B- credit rating, already deep in the junk-bond category, could come under pressure, S&P said this month. Adani’s net debt pile of $24 billion may be three times as large as Agarwal’s, but his bonds are still rated at the lowest rung of investment grade.

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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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Dr Reddy's to acquire Mayne Pharma US generic portfolio for $115 million

CFO News

Under the terms of the agreement, Dr. Reddy’s will acquire the portfolio for an upfront payment of $90 million in cash, contingent payments of up to $15 million, consideration towards inventory and credits for certain accrued channel liabilities to be determined on the closing date.

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Greenko Energy to prepay bonds worth $500 million

CFO News

These papers, linked to a "restricted group" of 500MW of renewable assets and issued in 2015, are among the first high-yield bond instruments from India.

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Only companies investing in digital infra have a future: Parveen Gupta, Former SBI MD

CFO News

Organizations investing in building a robust, safe digital environment will be the ones successful in the future, says Former MD of SBI, Parveen Gupta.

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SoftBank, Ant Group discuss Paytm secondary sale to reduce holding in payments firm

CFO News

Paytm’s management including its founder and CEO Vijay Shekhar Sharma are seen to be opposed to a strategic investor coming on board the company.

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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.