Sun.Oct 22, 2023

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'Unlocking complex terrain': How India Inc CFOs strategize to manage legal cost?

CFO News

Finance heads are focused on continuous monitoring, proper classification and correct accounting of legal spending. CFOs are also utilizing technology and automation for effective compliance which eventually leads to reduction in legal spending. ETCFO delves into how CFOs are strategizing to manage legal cost?

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Finance transformation: BlackLine adds capabilities for faster financial close

Future CFO

BlackLine recently announced new features to make finance transformation more efficiently. The company has added Microsoft Teams integration and introduced new capabilities to its Microsoft Dynamics 365 (D365) Connector to enable finance transformation, allowing users streamline and optimise key finance and accounting processes and close the books faster.

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944: Building Your Network | Ana Chadwick, CFO, Pitney Bowes

CFO Thought Leader

Back in 2020, the call that longtime General Electric veteran Ana Chadwick accepted from a recruiter would prove to be the one solicitation in a career’s worth of such outreaches that would ultimately result in an executive search fee. Still, while Chadwick would be a prize placement for any headhunter, it is clear that this career segue for her would represent something significantly substantive both for the company that she would be joining and the one that she would be leaving behind.

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Cloud accounting as the next step for chartered accountants

Future CFO

Cloud accounting is rapidly gaining popularity among chartered accountants as digital technology advancements and the growth of cloud computing continue in today's world, posing opportunities for companies for innovation. Cloud computing is the gathering of resources including computer power and memory to tailor them to each user’s needs. These resources are shared among different users but kept separate.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Vedanta CFO likely to quit months after joining firm: Report

CFO News

Vedanta, the mining conglomerate controlled by billionaire Anil Agarwal, may lose its third chief financial officer in as many years. Sonal Shrivastava, who joined the company in June, has informed Agarwal about her decision to leave. Agarwal is currently in talks with finance professionals for a potential replacement.

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MNCs may face Rs 11,000 cr retro tax demand after SC ruling

CFO News

Multinational companies based in the Netherlands, Switzerland, and France may face retrospective tax demands of around ₹11,000 crore on dividend income repatriated from India. This follows a Supreme Court ruling stating that the lower 5% withholding tax on dividend income is not applicable to all OECD countries on a most favoured nation (MFN) basis.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Stress is weathering our bodies from the inside out : Physicians and public health experts have pointed to one culprit time and again when asked why Americans live shorter lives than peers in nations with similar resources, especially people felled by chronic diseases in the prime of life: stress. ( Washington Post ) • How the Palestinian Authority Failed Its People : Make Palestinian governance better in

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All credit to festive season, digital lenders eye more business

CFO News

The digital lending industry in India is expecting a quick rebound in business during the festive season. Fintech lenders are well-prepared to meet the heightened credit demand, with stronger and profitable balance sheets. Digital lending platforms anticipate an average increase of 15-20% in disbursals during the festive period.

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UB to stir up the barrels to get its 'premium' back

CFO News

The company aims to address supply chain issues, route-to-market changes, and administrative hurdles that have impacted its growth. United Breweries plans to invest ₹350 crore in capital expenditure and is seeking to ease barriers in the business by engaging with key stakeholders. The company, along with AB InBev and Carlsberg, controls 90% of India's beer market, with AB InBev gaining market share in recent times.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Mind the gap: Median female salaries at Nifty50 companies lag males' by a tenth

CFO News

​ET analysed the median salaries for male and female employees disclosed by Nifty50 constituent companies. Of the 50 companies, 43 disclosed this data in their FY23 annual reports. The median male salaries were higher than median female salaries in 31 of these companies. The median female salaries were, on average, 9.2% lower than the median male salaries.

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Govt may infuse capital in PSU general insurers in Q4 based on performance

CFO News

The Finance Ministry will consider capital infusion in three public sector general insurance companies based on their financial performance. The infusion, if needed, will be made in the fourth quarter of the current financial year. The companies have been asked to improve their solvency ratio and meet the regulatory requirement of 150%.

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Hindustan Zinc to submit demerger proposal to board in 4-6 weeks

CFO News

Hindustan Zinc Ltd is planning to propose a demerger to its board within the next four to six weeks. The company's board had previously directed it to explore a corporate restructuring to create three separate entities for its lead and zinc, silver, and recycling businesses. The formation of these companies and the distribution of cash and debt will be based on recommendations from consultants.

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India Inc gears up to manage crisis, cyber threats: Survey

CFO News

PwC India said 112 organisations from diverse industries, such as telecommunications, industrial products and manufacturing, financial services, banking and capital markets, automotive, education, healthcare, and pharmaceuticals, were surveyed. "The continuous and relentless waves of changes have pushed corporates, especially in India, to recognise and act upon the pressing need for strategic resilience," the study said.

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Planning Your Restaurant's 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.

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Adani Power close to taking over Coastal Energen for ?3,440 crore

CFO News

After two days of intense bidding, Adani Power emerged as the winner late Saturday evening, said two people with knowledge of the matter. Jindal Power, the other bidder in the fray, quit the race, they added. The interest in Coastal Energen, undergoing corporate insolvency, is mainly because it is among a few operational power plants for sale.

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NLC India's green arm starts business operations

CFO News

NLC India, a Navratna public sector company, has established a wholly-owned subsidiary called NLC India Green Energy (NIGEL) to focus on renewable energy projects. NIGEL aims to expand the renewable power generation capacity and plans to establish projects with a capacity of 6 GW by 2030. The company will develop projects in various parts of the nation and will also explore opportunities in battery energy storage systems.

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Toyota lobbies India to cut hybrid-car taxes as much as 21%

CFO News

Toyota Motor is urging the Indian government to reduce taxes on hybrid vehicles by up to 20% as they are less polluting than petrol cars but do not receive the same policy treatment. The company is planning to increase production capacity to meet the growing demand for hybrids in India. However, the government has been focused on promoting electric vehicles (EVs) and has offered incentives to companies to produce EVs and batteries.

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Indian IT companies likely staring at slowest growth since start

CFO News

IT Earnings: For the country’s fourth-largest IT services provider Wipro, growth numbers are down to their FY99 levels.

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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

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DTDC to announce general price increase by October end: CFO

CFO News

Aneel Gambhir says FY24 margins will be much better than the previous year, and closer to FY22.

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