CFO News
DECEMBER 23, 2022
The Economic Times and SAP India organized roundtables at Delhi and Mumbai on the theme “Future-Proof Your Enterprise with Modern Spend Management”. The discussion delved into ways and means to solve difficult business problems, to help companies grow today and tomorrow.
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CFO News Room
DECEMBER 23, 2022
Since the financial crisis of 2008 and the Great Recession, investors and executives have grown accustomed to a world of low interest rates and low inflation. No longer. In 2021, inflation began rising sharply in many parts of the world, and in 2022 the U.S. saw its worst inflation in decades. In October 2022, the International Monetary Fund warned that inflation — combined with central banks’ interest rate hikes designed to fight it — could threaten the entire global economy, a good reason to u
CFO News
DECEMBER 23, 2022
They are also seeking a Centralised Authority to address the issues arising from contradictory orders passed by the Authority for Advance Rulings in different states.
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CFO News Room
DECEMBER 23, 2022
Once upon a time, I found out my wife had braces when she was really young. Since she has such a beautiful smile, that made a ton of sense. However, this whole situation made me wonder how much braces might cost if all four of our kids wound up needing orthodontic care. When we had this conversation, I initially joked that we would need to set up “braces savings accounts” for them instead of 529 college savings plans.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO News Room
DECEMBER 23, 2022
The final December results from the University of Michigan Surveys of Consumers show overall consumer sentiment improved for the month but remains near historically low levels (see first chart). The composite consumer sentiment index increased to 59.7 in December, up from 56.8 in November. The index hit a record low of 50.0 in June and is down from 101.0 in February 2020 at the onset of the lockdown recession.
Nerd's Eye View
DECEMBER 23, 2022
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that Congress appears poised to pass “SECURE Act 2.0”, a series of measures that will have significant impacts on the world of retirement planning. From gradually raising the RMD age to 75 to expanding opportunities to make Roth-style contributions, to increasing the annual limit for Qualified Charitable Distributions, this legislation will likely
CFO News Room
DECEMBER 23, 2022
Brick-and-mortar retail’s indisputable edge over e-commerce is that consumers can get what they want immediately, and can touch and feel the product before buying it. Rising theft—and stores’ measures to prevent it —could dull that edge. The National Retail Federation estimates that shrink—an industry term for loss in inventory—amounted to roughly 1.4% of retail revenue in 2021, or roughly $94.5 billion.
CFO News
DECEMBER 23, 2022
The dynamics in India’s various sectors are changing, with homegrown players having a dominant presence and MNCs’ having a reduced play. For example: the consumer mobile services business and cement industry. Following the sale of Holcim's India cement units to Adani, the sector's top players are now domestic firms.
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CFO News Room
DECEMBER 23, 2022
Sadanand Dhume writes a biweekly column on India and South Asia for WSJ.com. He focuses on the region’s politics, economics and foreign policy. Mr. Dhume is also a resident fellow at the American Enterprise Institute in Washington, D.C. Previously he worked as the New Delhi bureau chief of the Far Eastern Economic Review (FEER), and as Indonesia correspondent for FEER and The Wall Street Journal Asia.
CFO News
DECEMBER 23, 2022
India's economic outlook is expected to be complicated by global economic developments in the upcoming year, the finance ministry stated on Friday in its monthly economic review for November. A diverging rate hike cycle across economies may act as a challenge for India, said the report.
CFO Selections
DECEMBER 23, 2022
As a finance team professional with years of experience navigating office politics, human relationships and life in general, I have the need to successfully complete difficult conversations every day. It is a skill that one acquires over time, especially after learning that it’s better to face problems head on. It's easy to avoid the problems, bury your head in the sand, or pretend things are peachy, especially at work or in a new relationship.
Financial Analyst Insider
DECEMBER 23, 2022
Financial freedom is the ultimate goal for many people. It is a promise of a life without worry or debt. With financial freedom, you can. The post 5 Steps to Attaining Financial Freedom appeared first on Financial Analyst Insider.
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.
CFO News
DECEMBER 23, 2022
Torrent sent a protest to administrator Nageswara Rao Y, condemning the attempt to overturn the bidding process. "One of the resolution applicants, in utter disregard to the sanctity of the challenge process, has sought to revise the bid amount quoted by it during the challenge mechanism process, in an attempt to illegally enhance its bid amount beyond the permissible time period," it said in a note.
CFO Talks
DECEMBER 23, 2022
1X. Recycling makes rands and sense. Welcome to the CFO Club Africa podcast, where we interview leading CFOs from Africa and beyond. CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. Go to www.cfoclub.co.za and join our community of accounting and finance executives.
CFO News
DECEMBER 23, 2022
Large PSU banks like State Bank of India, Bank of Baroda, Canara Bank are already trading at close to 1 price to book value. Peak valuations for these banks had hit a high of around 1.5 times book around fiscal year 2012 and 2014. Mid-sized and small banks are currently trading at 0.5-0.7 time price to book and had touched a high of 1 times book around 2014.
CFO News Room
DECEMBER 23, 2022
On January 1, 23 states and Washington, D.C. will increase their minimum wages, raising pay for an estimated 8.4 million workers across the country. In total, workers’ wages will increase by more than $5 billion, with average annual raises for affected full-time workers ranging from $150 in Michigan to $937 in Delaware. In addition, 27 cities and counties will increase their minimum wages on January 1, adding to the number of workers likely to see increased earnings.
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.
CFO News
DECEMBER 23, 2022
In its Article IV consultation report released Friday, the IMF called for further structural reforms, including addressing the adverse impact of climate change, to secure strong and sustainable growth. IMF has forecast a 6.8% growth for India in FY23, falling to 6.1% in FY24.
CFO News Room
DECEMBER 23, 2022
Executive Summary. Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that Congress appears poised to pass “SECURE Act 2.0”, a series of measures that will have significant impacts on the world of retirement planning. From gradually raising the RMD age to 75 to expanding opportunities to make Roth-style contributions, to increasing the annual limit for Qualified Charitable Distributions, this legislation will likely impac
CFO News
DECEMBER 23, 2022
A case has been filed on a complaint by Union Bank of India against a private company & others including its Promoters/ Directors, unknown Public Servants & Private persons on the allegations of bank fraud of Rs 4037.87 crore (approx) to the consortium of 20 banks, officials said on Friday.
CFO News Room
DECEMBER 23, 2022
A Tesla service and sales center is shown in Vista, California, June 3, 2022. Mike Blake | Reuters. Check out the companies making headlines in midday trading Friday. Energy — Energy stocks outperformed on the S&P 500 following a rise in oil prices, which jumped Friday on expectations of a drop in Russian crude supply. Shares of Halliburton , Devon Energy , Chevron and Marathon Oil rose by more than 2% each.
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.
CFO News
DECEMBER 23, 2022
With concerns arising over the new Omicron variant from China, the automobile industry in India is taking a cautious and defensive approach. This time the industry seems better prepared and not as anxious as it was during the first wave in 2020. The companies feel safeguarded for a few months, however they are taking precautions and keeping a watchful eye on the changing dynamics in the country.
Barry Ritholtz
DECEMBER 23, 2022
@TBPInvictus here. (Also on Post and Mastodon ). Happy holidays to all, and the best for 2023. It’s been a hot minute since my last post, hope I remember how this thing works. I’ve been a huge fan of Twitter for well over a decade. It’s a fire hose of invaluable information from countless reliable (if your follows are solid) purveyors of all manner of news, on every topic imaginable, from every corner of the globe.
CFO News
DECEMBER 23, 2022
As a result, the aggregate net worth of these companies had become negative to the extent of Rs 1,13,894 crore as on March 31, 2021.
CFO News Room
DECEMBER 23, 2022
By Lambert Strether of Corrente. Bird Song of the Day. Lark Bunting, Pawnee National Grasslands, Weld, Colorado, United States. Adult male flight song. A lot going on in the grasslands! * * *. Politics. “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51. “Here’s food for thought, had Ahab time to think; but Ahab never thinks; he only feels, feels, feels” –Herman Melville, Moby Dick.
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