Thu.Feb 08, 2024

article thumbnail

Yellen backs legislation to avert AI threat to financial stability

CFO Dive

Testimony by Yellen follows a pledge by the Biden administration to seize on the benefits of artificial intelligence while containing its risks.

258
258
article thumbnail

The Seven Samurai: How Big Tech Rescued the Market in 2023!

Musings on Markets

I was planning to finish my last two data updates for 2024, but decided to take a break and look at the seven stocks (Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla) which carried the market in 2023. While I will use the "Magnificent Seven" moniker attached by these companies by investors and the media, my preference would have been to call them the Seven Samurai.

Marketing 115
Insiders

Sign Up for our Newsletter

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

article thumbnail

Walgreens names permanent CFO in management shakeup

CFO Dive

The pharmacy chain’s new CEO announced three executive team changes as the company looks for a fresh start in the wake of financial struggles.

CFO 269
article thumbnail

Paytm crisis: The silence of the board

CFO News

RBI has defended its action against Paytm Payments Banks and the countdown has begun. But why did Paytm payments Bank board members keep quiet? What if RBI would have invited a board and chosen a different path? Here is my note.

Banking 105
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

R&D tax rollback proposal leaves CFOs ‘on edge’

CFO Dive

Many businesses applauded when a tax package with the key R&D provision sailed through the U.S. House. Now they’re waiting for the Senate to act.

200
200

More Trending

article thumbnail

Is There a Miracle cure for the Polycrises?

CFO News

Vipul Arora, Partner at Sattva Consulting, delves into the concept of a global 'Polycrisis,' tracing its roots to historical corporate structures. In his insightful analysis, he proposes embedding Sustainability and ESG principles as the transformative solution. Join his masterclass to navigate this critical shift.

69
article thumbnail

Kitces & Carl Ep 131: What’s The Real Purpose Of (New Year’s) Goals And Finding The Next Best Action To Move Forward

Nerd's Eye View

When a new year comes around it is often customary to set new personal and professional goals. Yet, in the midst of the tradeoffs that come with balancing new goals and their required behaviors, the challenge of creating sensible targets with flexibility and grace can be confounded by the reality of living in a world where uncertainty abounds and complex life situations are difficult (and sometimes even impossible) to map out.

article thumbnail

How Fractional CFOs Play a Crucial Role in Helping SMBs Grow

Focus CFO

In this episode of ITR Economics' Podcast Trends Talk , FocusCFO's associates Michael Stier (Area President, Carolinas) and Greg Gens (Area President, Northeast Ohio) shed light on the pivotal role of Chief Financial Officers (CFOs) in private businesses. The engaging discussion delved into the impact of a CFO's strategic insights, the emergence of fractional CFOs, particularly for businesses in the small to middle-market range (SMBS).

CFO 52
article thumbnail

RBI to Tap NHAI, NPCI to Fix Rescue Plan for Paytm Users

CFO News

National Highways Authority of India (NHAI) which operates the Fastag service as well as the NPCI that oversees the Unified Payment Interface (UPI) infrastructure among other stakeholders will be part of the discussions with the central bank ahead of the release of frequently asked questions (FAQ) by the regulator.

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

Why You May Need an Audit – and What You Should Get Instead

The Charity CFO

Does the idea of a financial audit on your nonprofit leave you feeling nervous? For many nonprofits, a full financial audit can help ensure the accuracy of their financial recordkeeping. However, it can also feel invasive and overwhelming. Just the word itself can sound scary. Luckily, not all financial situations require an audit. A reduced scope of attestation (or reduced scope of work) could be a better option for your organization.

article thumbnail

Tata Sons to invest $1 billion more in digital arm

CFO News

Earlier this week, Tata Digital appointed Naveen Tahilyani, the former managing director of Tata AIA Life Insurance, as its CEO & MD. Tahilyani replaced Pratik Pal who had been holding the charge since the company’s inception in 2019. Tata Sons has invested more than $2 billion in Neu so far and has board approvals for further capital infusion over a five-year period.

article thumbnail

Business Management: The Key Benefits of Outsourcing

Capital CFO LLC

Juggling all the balls of business management—finances, operations, strategy, and more—can be a Herculean task for any business. Sometimes, it feels like you’re constantly spinning plates, with each demanding your […] The post Business Management: The Key Benefits of Outsourcing appeared first on Capital CFO+.

CFO 52
article thumbnail

India consumption story driving mall operators, warehousing players’ growth, ICRA

CFO News

Though the net absorption was healthy in the first three quarters of this financial year, the vacancy levels rose by 100 bps to 20% as of December 2023 due to higher new supply, which has become operational recently and is yet to ramp up fully. ICRA expects the occupancy levels to sustain at 81-82% as of March 2024 and improve to 82-83% by March 2025.

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

Ex-CFO’s alleged perjury should not impact Trump civil fraud decision, lawyers say

CFO Dive

Reports of potential perjury from the ex-CFO raise questions about the credibility of the whole of his testimony during the Trump Organization’s civil fraud trial.

CFO 159
article thumbnail

Gautam Adani's fortune hits $100 billion again

CFO News

Adani’s wealth plummeted by over $80 billion in the month following the Hindenburg Research report, hitting a nadir of $37.7 billion. His conglomerate, which at one juncture shed over $150 billion in market value, dedicated months to courting investors and lenders anew, settling debts, and addressing regulatory apprehensions.

article thumbnail

SoftBank Vision Fund sold down Paytm stake before shares plunged

CFO News

SoftBank has been offloading Paytm shares regularly since at least November 2022 through last month, according to a Bloomberg analysis of company filings. The Japanese investor’s stake in Paytm was around 5% as of January, compared with a roughly 18.5% stake around the time of the payments company’s initial public offering in 2021.

52
article thumbnail

Adani Power wins bid for Lanco Amarkantak at ?4,101 crore

CFO News

Lenders had pegged Adani Power's latest offer of ₹4,101 crore as the base price for the auction of the thermal power company. They also stipulated that the counteroffers should be at least ₹50 crore higher than the base bid for the auction to proceed. Adani Power and the KPMG-backed resolution professional, Saurabh Kumar Tikmani, did not respond to ET's request for comments.

52
article thumbnail

Finding “The One:” The Ultimate Guide to Selecting Financial Software

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

As finance and accounting practitioners, you are expected to complete daily operations as well as to manage next generation tools and resources to support a business that is growing in complexity. Having the right software can be critical in juggling and meeting those high expectations. The path to the right software, however, is paved with challenging decisions.

article thumbnail

Key highlights of Modi govt's white paper: "UPA tenure marked by policy misadventures and scams"

CFO News

The Narendra Modi government has presented a white paper in the Lok Sabha outlining "policy misadventures and scams" during the Congress-led UPA government's 10-year tenure and the efforts made by the NDA to address them. The Finance Ministry report claims that the UPA inherited a healthy economy but turned it non-performing, while the NDA government worked to correct economic mismanagement, financial indiscipline, and corruption.

article thumbnail

Black Paper vs White Paper: What's the difference?

CFO News

The Congress party plans to counter the government's 'White Paper' with a 'Black Paper' amid the extended Budget Session of Parliament. This move comes as the BJP-led NDA government projects a promising economic outlook ahead of the upcoming general elections. White Papers and Black Papers serve distinct roles, with the former offering objective analysis and the latter providing critical assessments.

article thumbnail

As FM tables White paper on Indian Economy, here's what it states on NDA's efforts for a turnaround

CFO News

The Narendra Modi-led government has released a 'White Paper on Indian Economy', detailing the macroeconomic situation under the UPA government, the status of corruption scams, and a turnaround of the economy under the NDA rule. The government recognizes the need to revamp systems and processes, adopt transparent governance, involve citizens in policymaking, establish an expenditure reform commission, shift welfare focus from entitlement-based support to empowering individuals, and strengthen th

52
article thumbnail

Persistent non-compliance led to action against Paytm bank, says RBI

CFO News

Rbi Paytm News: The central bank will come out with a FAQ to address queries from various quarters, says RBI governor Shaktikanta Das.

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

Government, exporters, shippers discuss Red Sea crisis; commerce ministry asks FIEO to share specific issues

CFO News

The exporting community has urged the commerce ministry to intervene in freight rates as the shippers are charging huge amounts.

52