Nerd's Eye View

APRIL 17, 2024

After advisors do all of the work of bringing on a new client (Marketing! Prospecting! Onboarding! Compliance!), it can sometimes feel natural to let the relationship go into "maintenance mode". And while all may appear well on the surface – the client rarely contacts the advisor with problems but they show up for every annual meeting – they may actually be feeling quite disengaged with the financial planning services being provided.

Planning 81

Planning Compliance Finance Accounting 81

CFO Dive

APRIL 17, 2024

An analysis of 101 breaches across various sectors revealed insurance gaps resulting in an average of $27.3 million in uncovered losses per incident.

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Bank of the West

APRIL 17, 2024

BMO is proud to announce that we’ve earned the designation of VETS Indexes 4 Star Employer for 2024. The award recognizes BMO’s commitment to recruiting, developing, and supporting Veterans and… Read more The post BMO named 2024 VETS Indexes 4 Star Employer appeared first on About BMO.

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CFO Dive

APRIL 17, 2024

The new chief legal officer is joining the company as it faces a fresh set of headwinds related to its internal control over financial reports.

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Financial Reporting 254

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

Corporate Finance

CFO News

APRIL 17, 2024

AdaniConneX plans to develop 1 GW of data centre capacity before 2030. It is in talks with several international banks to raise $1.2-1.4 billion in an offshore loan to ramp up growth plans that should be closed in the next couple of weeks.

Planning 52

Planning Investments Banking 52

CFO News

APRIL 17, 2024

Federal Reserve Chair Jerome Powell Tuesday did not provide any guidance on when interest rates may be cut, saying instead that monetary policy needs to be restrictive for a longer period.

Banking 52

Banking 52

Future CFO

APRIL 17, 2024

Finastra integrated artificial intelligence-powered ESG scoring into its working capital solution, Trade Innovation, according to a press release. Under the update, which is with Coriolis ESG by TradeSun , users can power more sustainable business flows , tapping into automated reports to measure key data against internationally-recognised frameworks Users can now also book and manage trade and supply chain finance with the added benefit of automated insights into ESG scoring, allowing for great

Compliance 52

Compliance Finance Technology Accounting 52

CFO News

APRIL 17, 2024

Binance returns to India, paying $2 million penalty, seeking compliance with PMLA. Its re-entry may reshape the market dynamics with superior technology and liquidity, amidst soaring bitcoin and ethereum values.

Compliance 52

Compliance Technology Marketing 52

CFO Dive

APRIL 17, 2024

The IRS chief testified to a Senate committee after Republican lawmakers secured a $20-billion cut to the agency’s budget.

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Budgeting Securities 294

Speaker: Claire Grosjean

In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.

Finance

CFO News

APRIL 17, 2024

Carmakers in India are offering discounts and freebies to attract new buyers and clear record inventory levels. Dealership stock reached an all-time high of 310,000 vehicles at the start of the financial year, leading companies to push sales by expanding into smaller towns and cities. This could be the first price war since the easing of the pandemic.

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Sales 52

CFO News

APRIL 17, 2024

India is considering expanding its capital goods promotion scheme to include sectors like pharmaceuticals and textiles. The current scheme primarily supports electrical component and automobile manufacturing, but the government is now considering extending support to other sectors. Plans are also being considered to introduce new-age technologies beyond electric vehicles, batteries, and automobile manufacturing.

Planning 52

Planning Pharmaceutical Manufacturing Technology 52

CFO News

APRIL 17, 2024

Easing food inflation may also counteract some of the increases due to oil. In March, consumer inflation eased below 5% for the first time in five months. IMD on Monday projected an above-normal monsoon in 2024, which could help contain food inflation. The outlook for the rupee also looks better for now.

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CFO News

APRIL 17, 2024

According to the PHDCCI, India's economy is projected to expand by 8-8.3 percent in the current fiscal year. Furthermore, the country's GDP is expected to achieve an average growth rate of 6.7 percent over the next 23 years, resulting in India becoming a USD 34.7 trillion economy by 2047, accompanied by a per capita income of USD 21,000.

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CFO

CFO News

APRIL 17, 2024

On April 16, shares of the company declined 2.35% to 421.7 apiece. Mumbai markets were shut Wednesday. A rights issue is an incentive for existing shareholders to buy more shares of the company at a discount.

Planning 40

Planning Finance Marketing 40

CFO News

APRIL 17, 2024

Homegrown digital newsstand Magzter, founded in 2011 and offering a cross-platform, self-service experience, has been acquired by Dailyhunt. This deal, with undisclosed financial details, marks Dailyhunt's entry into the premium content market, as Magzter boasts a library of over 8,500 premium magazines and newspapers.

Marketing 40

Marketing 40

CFO News

APRIL 17, 2024

Bengaluru-based startup Beyond Odds Technologies will provide employability-led training, certification, and recruitment services in the grey-collar workforce segment. It connects employers on the demand side to its talent supply base among students.

Startups 40

Startups Technology 40

CFO News

APRIL 17, 2024

The balance sheet doesn’t pose any worries, with bank debt at less than Rs 4,500 crore, Moondra said, adding that the FPO will raise enough money to meet capital expenditure needs for three years, with 4G expansion the priority. This will help narrow and ultimately stem subscriber losses and lead to a financial turnaround.

Banking 40

Banking 40

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

Banking

CFO News

APRIL 17, 2024

"These include further deleveraging (parent) Vedanta Resources by USD 3 billion in the next 3 years and achieving an annual group EBITDA of USD 7.5 billion within 2 years," he said.

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CFO News

APRIL 17, 2024

The National Asset Reconstruction Company (NARCL) is seeking a new managing director and CEO with 25 years of banking experience. The company has appointed P Santhosh as interim chief after the abrupt exit of MD&CEO N Sunder. The new MD and CEO will be given a three-year tenor and will acquire about Rs 2 lakh crore stressed assets in phases.

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Banking 40

CFO News

APRIL 17, 2024

CRISIL Ratings foresees improved operating margins for the cotton yarn spinning industry, driven by factors like revenue growth, stable cotton prices, and enhanced credit profiles. The industry's financial health is expected to strengthen further.

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CFO News

APRIL 17, 2024

The company said Catch has grown 24% year-on-year over the last two years, and has a reach in over seven lakh retail touch points and 1,500 distributors. “We were in metros and mini metros earlier. Now our focus is on second and third tier cities,” Kumar said, adding that the company is looking to push distribution to towns even with a population of a lakh.

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Sales Retail 40

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

Technology

CFO News

APRIL 17, 2024

Indus Towers anticipates Vodafone Idea clearing its Rs 5,700 crore dues soon, potentially in one payment or in installments, following VIL's fundraising. Indus Towers' CEO expresses optimism, highlighting their support for VIL's growth plans, including 5G rollout. VIL aims to raise Rs 45,000 crore, partly through equity and debt.

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Planning 40

CFO News

APRIL 17, 2024

NIIF is gearing up to secure approximately $1 billion for its second Private Markets Fund (PMF), according to people familiar with the matter. PMF-II will support private equity and venture capital funds focused on India.

Marketing 40

Marketing Securities 40

CFO News

APRIL 17, 2024

LinkedIn has released its annual ranking of the top 25 workplaces in India, showcasing the most sought-after companies for career progression and job opportunities. Tata Consultancy Services (TCS) retains the top spot, followed by Accenture and Cognizant. The financial services sector dominates the list, with nine companies featured. In the midsize category, Lentra and MakeMyTrip lead the rankings.

Investments 40

Investments Marketing 40

CFO News

APRIL 17, 2024

In today's business world, harnessing AI's potential is vital for staying competitive. Despite misconceptions, AI isn't just a buzzword—it's driving innovation. Businesses use AI for creative tasks like art and music generation, and for optimizing operations and financial decision-making. As AI evolves, its responsible integration promises a future where technology enhances human potential rather than replacing it.

Technology 40

Technology 40

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

Finance