Mon.Feb 20, 2023

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Macro Snapshot / St. Louis Fed

Barry Ritholtz

Very useful dashboard via the St. Louis Fed, which maintains the fabulous FRED database. With a clean and simple interface, it puts all of the key economic indicators the FOMC tracks — Real GDP Growth, Unemployment Rate, PCE Inflation, Core PCE Inflation, and the Federal Funds Rate — in one convenient location. The Macro Snapshot also dives deeper into three core aspects of the economy: 1.

Economics 122
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Abandoning Surge Meetings To Better Meet Client Needs And Promote Advisor Well-Being

Nerd's Eye View

One of the most important parts of a financial advisor’s value proposition is time spent meeting with their clients. These meetings allow advisors to listen to their clients’ concerns, make planning recommendations, and chart a course for the coming months. And while advisors recognize the importance of holding regular client meetings, there is no consensus about the ‘best’ cadence for them.

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Trending Sources

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Kotak Bank taps consulting firm Egon Zehnder to replace CEO Uday Kotak

CFO News

Group presidents and whole-time directors Shanti Ekambaram and KVS Manian are the internal candidates for the top job, according to the people. The board is expanding the search to ensure it finds suitable external candidates, they said, asking not to be identified discussing confidential information.

Banking 98
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The trouble with Google

The Reformed Broker

One of the biggest stories in the markets so far this year is the $100 billion in lost market cap ripped out of Alphabet’s stock when it became apparent that the search giant was going to be under siege by Microsoft’s push into AI. How did such a successful, innovative business like this suddenly find itself in this position? Maybe it wasn’t so sudden.

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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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Centralized management of model’s formulas

Spreadym

Often, business needs may require radical changes in calculation models, essentially in calculation formulas in financials or operations. These changes may be a result of both regulatory amendments, for example, tax and interest rates, the introduction of, and a company's internal processes. The latter ones often undermine changes in the calculation of depreciation periods, the pricing system, accounting methodology and inflation forecasts.

More Trending

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Cybersecurity incidents: The most impacted sectors

Future CFO

When it comes to cybersecurity incidents, the most impacted sectors in 2022 were professional services, healthcare, financial services, manufacturing, and technology and telecommunications, said Kroll recently when releasing its Q4 2022 Threat Landscape Report. According to the risk and financial advisory solutions provider, several familiar threats remained highly active throughout 2022, such as a significant increase in phishing and a notable rise in unauthorised access – up from 18% of repor

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Oyo plans to double premium hotels in India this year

CFO News

Oyo plans to add approximately 1800 premium hotels this year. Oyo’s focus on premium hotels started in the last quarter of 2022 when it added over 400 new premium hotels between October to December.

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#241 – The Treasurers Have Spoken, Episode 4: What is ELM?

Strategic Treasurer

Episode 241 The Treasurers Have Spoken, Episode 4: What Is Enterprise Liquidity Management (ELM) In this fourth and final episode in our series covering the 2022 Analyst Report, Craig Jeffery and Paul Galloway of Strategic Treasurer discuss key points and implications of the current treasury technology landscape. This week, we are focusing on enterprise liquidity management (ELM) Interested in hearing more?

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Winter chill grips India Inc's dealmaking activity in January

CFO News

"India managed to account for record deal values last year (2022), which made investors hopeful about the future. However, the deal momentum in January 2023 did not match the expectation and witnessed a declining trend," its partner Shanthi Vijetha said.

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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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FCF European Infrastructure & Construction Market Study 2022 – published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF European Infrastructure & Construction Market Study – 2022”. Based on available data from European infrastructure and construction companies, the FCF Infrastructure & Construction. Read more The post FCF European Infrastructure & Construction Market Study 2022 – published appeared first on FCF Fox Corporate Finance GmbH.

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Budget provisions to deal with delayed payments to MSMEs may need tweaks

CFO News

The budget proposed an amendment to Section 43B of the Income Tax Act which ensures that the buyers can claim deduction in income tax only on payments made to a MSME supplier.

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10 Presidents’ Day Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • Super Bowling for cash with the NFL’s club of billionaires : Spending for last week’s Super Bowl came in around $15 billion; yearly league revenues are approaching $20 billion. League profits are likely to keep growing given the popularity of this sometimes brutal and increasingly lucrative sport. ( NY Post ) • “This Is Not an Invasion of the Aliens”: How UFO Mania Went Mainstream : Mysterious aerial phenomena have been generating serious news coverage

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China and India to contribute more than half of global growth this year: IMF

CFO News

The International Monetary Fund on Monday said that India and China are expected to contribute more than half of global growth this year, with the rest of Asia contributing an additional quarter. The Indian economy has also shown positive signs, with its growth being amongst the highest in the world over the last two years.

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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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Small packs fit inflation-hit urban baskets

CFO News

"Inflation is a major challenge," said Sanket Ray, president, Coca-Cola India and Southwest Asia. "Small packs (₹10-20) give us an affordability play across all our brands in urban and rural markets. We are expanding into multiple categories with a focus on small packs, and it is paying off.

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Government, RBI to ensure inflation stays in check: Nirmala Sitharaman

CFO News

"It (RBI) is not necessarily synchronising (with western central banks) but at the same time, also watching the global movement of capital. I think the RBI is looking at the Indian economy a lot more for our purpose," Sitharaman said in a post-budget interaction in Jaipur.

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Ministry of Corporate Affairs issues show cause notices to PTC India Financial Services

CFO News

In the notices sent last week, seen by ET, the deputy registrar of companies (National Capital Territory of Delhi & Haryana) has also flagged that PFS, the non-banking financial arm of power trading company PTC India, didn't render the professional help of legal counsel sought by its erstwhile independent directors.

Banking 52
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Free to negotiate for maximising asset value, RCap lenders tell NCLAT

CFO News

Lenders of Anil Ambani-promoted Reliance Capital had moved the NCLAT (National Company Law Appellate Tribunal) challenging an order of the NCLT which restricted further auction of the bankrupt firm.

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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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Merchandise exporters to pay 18% GST on shipping costs: Govt

CFO News

Currently, the export freight rate charged by Indian shipping lines to Indian exporters is taxable while freight charged by foreign shipping lines to Indian exporters for transport of goods to a place outside India is not taxable as it is neither an inter-state nor an intra-state supply.

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India to pitch for issues relating to macroeconomic stability, inclusive growth at key G20 meetings

CFO News

India is also hosting a conclave on Global Partnership for Financial Inclusion (GPFI) next month to which all the "friendly neighbouring" countries have been invited, people familiar with the matter said on Monday, indicating that Pakistan is not among the invitees for the conclave.

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Banks seek more time to report loan frauds to RBI

CFO News

“The issue was discussed in a meeting last month. We have suggested to the RBI that instead of one week, the reporting time should be increased to around a month,” said a senior bank executive aware of the development. Under the existing framework, lenders need to report fraud to the RBI's Central Repository of Information on Large Credits (CRILC) within a week of the joint lenders’ forum (JLF) declaring an account fraudulent.

Banking 52
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Bank mergers have benefited the sector: RBI

CFO News

Bank mergers have benefited both the acquirer and the acquired, according to a report by Reserve Bank of India researchers. While the transactions have helped improve the efficiency of the acquirer banks, they have added to shareholder value for banks that have been acquired.

Banking 52
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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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Bisleri makes global foray, inks supply pact with Dubai firm

CFO News

The Nassser Abdulla group, a 25-year-old entity, has interests in travel, shipping, logistics, mineral water, real estate and IT. Group company Emirates Drinking Water will produce the Indian company's Bisleri and Vedica water brands at its plants in Dubai, and sell in Dubai, Sharjah and Abu Dhabi in mass-premium general and modern trade stores, hotels and restaurants, and via ecommerce platforms.

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In FY24 and FY25, APL Apollo Tubes projecting higher double-digit growth, says Group CFO Deepak Goyal

CFO News

“In value terms, last quarter, margin was around Rs 4,500 per tonne and our comfortable level is around Rs 5,000 plus. In this quarter, we are expecting it to be more than Rs 5000 as and when value added proportion is increased the product mix or margins will grow further.

CFO 52
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States, all grown up about GST now

CFO News

With the Centre okaying the final tranche of GST compensation to states, the new tax regime will have cast aside its infancy support. Some states may find the adjustment tricky. But nationwide monthly GST revenues have stabilised at about Rs 1.5 lakh crore with scope for improvement through rate rationalisation and widened coverage.

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How India's UPI and Singapore's PayNow linkage will change the global payments landscape

CFO News

The linkage, about which ETBFSI had reported last November, will aid remittances and cut cross-border transaction fees in half, boosting digital connectivity and interoperability.

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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.