Fri.Mar 03, 2023

article thumbnail

FASB studies AI use in financial data analysis

CFO Dive

The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.

article thumbnail

Utilize Data & Analytics to Improve Supply Chain Efficiency

Navigator SAP

A supply chain--by definition--has a lot of moving parts. It covers everything from the raw materials to the workers creating a product to the final delivery of goods to the consumer. For a business, keeping that chain operating smoothly is fundamental to the firm’s existence.

130
130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Dell taps insider for CFO, issues cautious 2023 outlook

CFO Dive

Dell’s corporate controller will take the CFO reins as the company faces waning PC demand and other economic headwinds.

CFO 259
article thumbnail

10 Friday AM Reads

Barry Ritholtz

My end-of-week, Non-NonFarmPayroll, morning train WFH reads: • American workers aren’t returning to the office like their international counterparts—here’s why : Even as people got vaccinated and Covid restrictions eased over the years, U.S. office occupancy remains stagnant around 40% to 60% of pre-pandemic levels, Meanwhile, office attendance has returned to 70% to 90% in Europe and the Middle East, and around 80% to 110% in some Asian cities, meaning some workers are spending more time in the

article thumbnail

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.

article thumbnail

Verizon CFO set to exit amid reshuffling

CFO Dive

The coming departure and replacement of the telecom company’s CFO is one part of a broader reshuffling within its leadership ranks.

CFO 252

More Trending

article thumbnail

Pay plan rejections hit record high

CFO Dive

Last year the rejections of Russell 3000 Index companies’ pay packages hit the highest annual level since the non-binding say-on-pay votes became mandatory in 2011.

Planning 154
article thumbnail

Implementation of certain norms could perpetuate existing market dominance: CEA

CFO News

Chief Economic Advisor V Anantha Nageswaran on Friday said that implementation of certain regulations by regulators could perpetuate existing market dominance as he cited the data and privacy norms in the technology space. Delivering the keynote address at a conference organised by the Competition Commission of India (CCI), he emphasised that while competition drives innovation, there is also a distinction between competition and free markets.

article thumbnail

Weekend Reading For Financial Planners (March 4-5)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that amid economic and market headwinds, the pace of RIA M&A activity was slower in January and February compared to the same period last year. If this trend continues, 2023 would be the first year in more than a decade to see fewer transactions than the year before, though some industry observers continue to see significant appetite for deals.

article thumbnail

RBI imposes restrictions on Musiri Urban Co-operative Bank; caps withdrawal at Rs 5,000 per customer

CFO News

The Reserve Bank of India on Friday imposed a Rs 5,000 cap on withdrawals by individual customers from Tamil Nadu-based Musiri Urban Co-operative Bank as part of several restrictions slapped on the lender due to its deteriorating financial condition.

Banking 52
article thumbnail

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

article thumbnail

Dan Nathan Predicts Recession

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Nick Maggiulli, Dan Nathan, and Downtown Josh Brown discuss earnings season, yields, mortgage rates, Buffett and buybacks, shorting private equity, world stock markets in 1899 vs today, how millionaires invest their money, the Silvergate collapse, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your fa.

article thumbnail

Windfall tax hiked marginally to Rs 4400, export duty on ATF scrapped

CFO News

Exports of petrol will continue to attract nil duly. The new rates will be applicable from March 4. India imposed windfall profit taxes on July 1, 2022, by imposing export duties of ₹6 per litre on petrol and ATF and ₹13 a litre on diesel.

52
article thumbnail

How Many Bear Markets Have You Lived Through?

Barry Ritholtz

Have a look at the BAML chart above. 1 It is one of my favorites, but for reasons that might not be readily apparent at first glance. The chart shows the peak-to-trough declines of all the bear markets with the popular definition of a 20% decline, measured up until the start of the first 20% rally. 2 The current move from 2021 highs is shown in red.

Marketing 134
article thumbnail

How are Blockchain, Crypto and DeFi changing finance?

CFO News

We all know that blockchain was launched as a distributed ledger for Bitcoin transactions, but it turned out to be more than just that. Since 2014, blockchain has given birth to many new inventions beyond Bitcoin.

Finance 52
article thumbnail

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.

article thumbnail

India's economic activity grows faster in Jan'23, GVA at seven-month-high: Report

CFO News

According to a recent report by Motilal Oswal Financial Services Ltd, India's economic activity was upbeat in January 2023, recording GVA at a seven month high, driven by growth across all sectors.

article thumbnail

Banks report robust Q3 numbers with rise in profit, improved asset quality: CARE Ratings

CFO News

Banks reported a record level of NIM in Q3 FY23. The asset quality of banks have also improved and is on the right track to reach Pre-AQR levels. Bank profits have also risen in the third quarter of financial year 2023.

Numbers 52
article thumbnail

Higher credit growth to support overall economic momentum in India

CFO News

The latest data on sectoral deployment of credit by scheduled commercial banks (SCBs) showed that the credit growth continued its robust uptick with non-food credit registered a growth of 16.7% year-on-year in January 2023 vis-à-vis 8.3% same month of last year.

article thumbnail

Foxconn to invest under $ 1 billion in Bengaluru

CFO News

Foxconn's increased India push is triggered by a strong domestic demand for iPhones as well as a surge in exports from India led by the overall diversification of global supply chains away from China. Last year Foxconn also announced an infusion of $500 million into its India unit. As per a stock exchange filing in Taiwan, Foxconn said its Singapore subsidiary is deploying the capital into the India entity, Hon Hai Technology India Mega Development Private Limited.

article thumbnail

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.

article thumbnail

Adani to set up cement plants, data centre in Andhra Pradesh

CFO News

Adani, who is the CEO of the group's port company Adani Ports and SEZ Ltd and the son of group founder and chairman Gautam Adani, said the group will set up cement plants with total capacity of 10 million tonnes per annum at Kadappa and Nadikudi in the state as well as a 400 MW data centre in Visakhapatnam.

52
article thumbnail

Jio to become world's largest 5G standalone only network in 2023 with affordable services: Oommen

CFO News

"Jio will be the largest 5G SA (standalone) only network operator in the world in the second half of 2023, ensuring that all advanced services and capabilities are available affordably to the masses," Oommen said.

52
article thumbnail

India has created the right conditions to spur demand: Shailesh Jejurikar, COO, P&G

CFO News

"Conditions are definitely being set up for demand generation and we have to be able to use these conditions of investment in the infrastructure, digital capacity and human capital," Shailesh Jejurikar, chief operating officer at Procter & Gamble Co, told ET in an interview.

article thumbnail

How digital public good infrastructure contributing in 5 trillion-dollar economy?

CFO News

Digital infrastructure has changed the way we have delivered we are delivering the services, believes UIDAI Deputy Director General. Whether it’s Aadhar of the UPI, they have been solving the problems of day-to-day users through the services they are providing.

52
article thumbnail

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.

article thumbnail

India's forex reserves fall for fourth week in a row, at 3-month low

CFO News

India’s forex reserves slid by $325 million to $560.94 billion for the week ended February 24, data from the Reserve Bank of India (RBI) showed on Friday. India's reserves have seen negative movement for the fourth straight week. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.

Banking 52
article thumbnail

Reliance to invest in 10 GW solar energy in Andhra Pradesh: Mukesh Ambani

CFO News

Andhra Pradesh has the second longest coastline in India and it can prosper greatly by harnessing renewable ocean energy, seabed minerals, marine biotechnology and so on, Mukesh Ambani said. Reliance has invested over Rs 1.50 lakh crore in its KG D-6 assets, developing and supporting gas pipelines.

article thumbnail

Over 60% of employers in India expect PLI scheme to boost hiring in next two years, shows TeamLease survey

CFO News

The sectors that will see significant job creation and have positive hiring sentiment include pharmaceutical (68%), white goods (67%) and textile products (62%). The PLI scheme will also boost job creation in the micro, small and medium enterprises (MSME) sector.

article thumbnail

IFCI & EY to help streamline ?10,000-crore FAME scheme

CFO News

The Ministry of Heavy Industries (MHI), which is overseeing the scheme, has hired IFCI as the project manager for the programme, people in the know said. The NBFC already manages 10 of the government's 14 production-linked incentives (PLI) schemes, including two overseen by the MHI. The FAME-II scheme was earlier being managed internally by the MHI.

52
article thumbnail

PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.

article thumbnail

Supreme Court extends stay on order quashing write-off of Yes Bank's AT1 bonds

CFO News

​​The top court was hearing the appeal by Yes Bank against a Bombay High Court ruling that had set aside an administrator's decision to write off AT1 bonds worth 84.5 billion rupees ($1.03 billion) in March 2020 as a part of the lender's restructuring initiated by the Reserve Bank of India.

article thumbnail

RBI imposes Rs 3.06 crore penalty on Amazon Pay India for violation of PPI & KYC norms

CFO News

The RBI had issued a notice to Amazon Pay (India) advising it to show cause as to why penalty should not be imposed for non-compliance with the directions.

article thumbnail

More attractive assets to be available in 2023: Bain & Company survey on M&A

CFO News

75% of the corporations have acknowledged that there will be more attractive assets available in 2023. This is higher than the global average of 53%.

52