Sun.Mar 12, 2023

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Top.

The Reformed Broker

I feel pretty confident in making this call, and I don’t make market calls very often: We have seen the top for 2-year Treasury yields. It’s not going any higher than it’s been because there’s no reason for it to. Financial conditions are now contracting hard due in part to the events of this week but also because monetary policy operates on a lag – and the first Fed Funds hike of the cycle.

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BajajCapital appoints Shekhar Sood as the new CFO

CFO News

Shekhar brings a wealth of experience to BajajCapital, having held senior finance positions at leading organizations including Socomec Group, where he served as the CFO India and Business Controller for the Asia-Pacific region, and Grant Thornton.

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Trending Sources

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The best technologies for categorization in planning and budgeting software

Spreadym

Categorization refers to the process of organizing items into groups based on shared characteristics. In the context of companies and their products, categorization is the process of organizing products into groups based on similar characteristics or attributes. For example, a retail company clothing may categorize its items by type of product, by location of the shop, by distribution center that supply several or so on.

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Inflation expected to come down over the year: RBI MPC member Ashima Goyal

CFO News

"Government supply-side action coordinated with a flexible inflation targeting regime has kept Indian inflation rates lower than other countries and our own past averages even in this period of major adverse external supply shocks," she told PTI in a telephonic interview.

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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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Insider Insights: What Attracted Our Team to FocusCFO

Focus CFO

Hear directly from FocusCFO associates as they share their personal stories and experiences about what attracted them to the organization.

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More Trending

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Asian economies to see modest growth this year

Future CFO

Asian economies are on course for modest growth this year as they try to shake off the negative effects of tighter financial conditions, inflation, a weak global economic environment and geopolitical tensions, said Atradius recently when releasing its 2023 Regional Economic Outlook Report. Except for China and Thailand, most Asian economies will likely see lower real GDP growth this year than in 2022, Bert Burger, Principal Economist, Atradius noted.

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Sula Vineyards CFO Bittu Varghese resigns

CFO News

Varghese decides to resign from Sula Vineyards to pursue other opportunities outside the organisation.

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Why the mid-market should push for parity

Future CFO

This year’s Women in Business report – The Push for Parity shows that globally, 32.4% of senior management positions are now held by women. At this rate, just 34% of senior leadership positions will be held by women in 2025. Grant Thornton's research suggests that mid-market businesses must push for parity, and quickly, in order to remain robust, resilient and relevant in the ever-changing market.

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SVB’s research unit expects business to continue as normal

CFO News

SVB became the biggest US lender to fail in more than a decade on Friday, after a tumultuous week that saw an unsuccessful attempt to raise capital and a cash exodus from the startups that fueled its rise. California state watchdogs took possession of the bank, which was valued at more than $40 billion as recently as last year.

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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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The inside scoop on bottom-up planning

Cube Software

For any company, planning is critical.

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Signature Bank becomes next casualty of banking turmoil after Silicon Valley Bank

CFO News

The Federal Deposit Insurance Corporation (FDIC) took control of Signature, which had $110.36 billion in assets and $88.59 in deposits at the end of last year, according to New York state's Department of Financial Services. All of the depositors of Signature Bank and Silicon Valley Bank will be made whole, and "no losses will be borne by the taxpayer," the U.S.

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My schedule … and what’s coming next

Tips Watch

By David Enna, Tipswatch.com I am traveling for the next 2 1/2 weeks in a far-off land with a Mediterranean climate (I hope this applies to March), a beautiful coastline, amazing historical sites and hearty foods like Čobanac.

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Ten more banks set to join syndication for Reliance Industries Ltd's $3 billion loan

CFO News

The fundraising, the largest through syndicated term loans by an Indian corporate house in at least five years, is set to close this month after months of negotiations, bankers said.

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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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SVB Bailed Out by US Government

CFO Share

FDIC, The US Treasury, and the Federal Reserve issued a joint statement Sunday March 12th, 2023 guaranteeing all deposits at the insolvent Silicon Valley Bank (SVB.) Thousands of small businesses will be able to access their full deposit account value starting Monday March 13th, 2023. The extraordinary announcement guarantees the full value of all deposits, including amounts over the normal $250k FDIC insurance limit.

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Govt to infuse more capital in public sector general insurers next year

CFO News

The government last year provided Rs 5,000 crore capital to three insurers --National Insurance Company Limited, Oriental Insurance Company Limited and United India Insurance Company.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • In the Hunt for Fraud, the Red Flags Start With the Auditor : With its Adani report, Hindenburg zeroed in on the tiny firm’s thin staff and client roster. ( Institutional Investor ) • Norfolk Southern’s accident rate spiked over the last decade : An analysis of federal railroad data shows accidents rising as investigators probe the company’s “safety culture.” ( Politico ) • Why Pov

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Cigarette, alcohol sales shine in inflation-hit weak FMCG market

CFO News

Stability in taxes and stringent action by the government on illicit and smuggled cigarettes helped expand the size of the duty-paid cigarette market. There was no steep increase in taxes on cigarettes since July 2017. The government increased taxes in the latest budget, but the net impact of it is less than 1%.

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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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Tax mop-up likely to fall short of revised estimate: Official

CFO News

The revised estimates (RE) for the current fiscal pegged gross tax revenues at Rs 30.43 lakh crore, higher than the budget estimates of Rs 27.57 lakh crore. On the direct tax side, the official said, "The RE was quite steep. we are expecting a shortfall. The net collections could be between Rs 15-15.5 lakh crore.

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Air India is like a startup as it’s being reinvented, says CEO Campbell Wilson

CFO News

Wilson looks for deep cultural changes as Air India, under the Tata Group since January 2022, has embarked on refurbishing its fleet, website, operations, revenue and data management, and even staff. Most recently, it has placed an order for 470 planes.

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Union IT minister to meet Indian startups amid concerns over Silicon Valley Bank collapse

CFO News

Union minister of state for IT Rajeev Chandrasekhar said on Sunday he will meet startups this week to asses the impact on them following the collapse of US-based Silicon Valley Bank.The meeting comes amid rising concern over the rippling effect of the bank's collapse on startups across the world, including India.

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Biden World Bank pick Ajay Banga urges private lenders to step up

CFO News

The World Bank needs to leverage its current balance sheet and maximise existing resources, but the total resources of development banks are in the billions of dollars, short of what's needed to boost prosperity and deal with rising challenges, said Ajay Banga, a former Mastercard Inc. chief whom Biden nominated last month.

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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.

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Adani Group clears dues on margin-linked share-backed loans of $2.15 billion

CFO News

This is in line with promoters’ commitment to increase equity contribution, and promoters have now infused $2.6 billion, out of total acquisition value of $6.6 billion for Ambuja and ACC,” the release by the Adani Group said. The entire prepayment program meof $2.65 billion has been completed within 6 weeks.

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