Tue.Jan 23, 2024

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AI, fake CFOs drive soaring corporate payment-fraud attacks

CFO Dive

Generative AI tools like ChatGPT are making it easier for scammers to create bogus texts and emails as well as deep-fake voices at scale.

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ITR filing doubles to 77.8 million in 10 years

CFO News

The number of income-tax payers in India rose to 93.7 million in FY23 from 52.6 million in FY14. The tax deducted at source (TDS) emerged as the largest component of direct taxes, reaching ₹8.17 lakh crore in FY23, almost double the amount in FY18. In the last 10 years, net direct tax collections increased by 160.52% to ₹16.63 lakh crore in FY23 from ₹6.38 lakh crore in FY14.

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Trending Sources

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6 essentials for CFOs aiming to rise to CEO: McKinsey

CFO Dive

Corporate boards in the past decade have increasingly turned to CFOs to fill the CEO seat. McKinsey has highlighted the attributes boards seek in a chief executive.

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Crafting a Strategic Business Exit Plan: Mitigating Personal Risk Through Early Planning

VCFO

Embarking on the journey of selling your business is a pivotal moment for any entrepreneur. For many business owners, their enterprise stands as the cornerstone of their financial portfolio, representing the lion’s share of their net worth. In much the same way as, diversifying investments is a prudent strategy to mitigate personal risk, strategizing the sale of your business well in advance is an integral step toward securing your financial future.

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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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Future of labor’s ‘Great Reset’ is murky

CFO Dive

While 2023 saw SAG-AFTRA and other big labor actions, CFOs still hold some strong cards as inflation and automation raise workers’ job security concerns.

More Trending

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Qualcomm expands CFO’s role to include COO responsibilities

CFO Dive

Akash Palkhiwata’s move to the dual role is part of a rising trend where finance chiefs are absorbing operational responsibilities.

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The impact of technology on talent retention

Future CFO

In the world we live in today, technological advancements play a crucial role in talent retention , even in the finance function. While it is not an obvious point to see at first, the finance team is impacted by the many shifts in technology hence the digital transformation that is transpiring within the function. The next generation of finance professionals tend to gravitate to modern firms that embrace change and invest in new tools to serve clients.

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Conservative approach called best way to meet independent contractor test

CFO Dive

Some states take a tougher approach than DOL’s 6-part test taking effect in March. By meeting the state test, employers can better protect against challenges under the federal rule.

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Budget 2024: Telecom infrastructure providers seek simpler GST regime

CFO News

The Delhi-based group has also written to the Union Minister of Finance & Corporate Affairs Nirmala Sitharaman, seeking support for the telecom infrastructure industry in the upcoming budget.

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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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Five emerging global trade dynamics in the coming decade

Future CFO

There are five emerging global trade dynamics in the coming decade, said Boston Consulting Group (BCG) recently. Among these five emerging global trade dynamics, ASEAN countries would emerge as some of the biggest winners in the new world trade order. The five emerging global trade dynamics ASEAN Trade Growth. Southeast Asian nations are predicted to grow US$1.2 trillion in the next ten years due to its emergence as a key destination for companies seeking to decrease their dependence on China f

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Disney Star faces unusual fallout: A potential $2-billion downgrade by Reliance amidst Zee-Sony turmoil

CFO News

Zee Entertainment Enterprises disputing its obligations to honour a $1.5-billion sub-licensing deal for the International Cricket Council (ICC) has raised the likelihood of an up to $2-billion downgrade of Disney Star by Reliance, on anticipated losses from the media rights agreement, people privy to the development told ET.

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Calculating revenue run rate: a metric to measure growth in SMBs

Cube Software

Understanding revenue run rate Revenue run rate is a financial metric that uses current revenue data to predict future financial performance. It's calculated by annualizing the revenue from a specific period—typically a month or a quarter—to estimate the total revenue if current business conditions continue for a full year. For example, if a company earned $50,000 in revenue in one month, the annual run rate would be $600,000.

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CCI approves stake buy in Religare Enterprises by Burman family companies

CFO News

The Competition Commission of India (CCI) has approved the proposals for stake acquisitions in Religare Enterprises (REL) by four entities controlled by the Burman family members. These entities aim to acquire a majority shareholding of up to 53.94% in REL and collectively exercise joint control over the company.

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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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FCF Valuation Monitor – Q4 2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Valuation Monitor – Q4 2023”. The FCF Valuation Monitor is a comprehensive valuation analysis for the German small / midcap market segment. Read more The post FCF Valuation Monitor – Q4 2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Byju’s FY22 losses soar to Rs 8,245 crore; cash-strapped edtech explores rights issue at $500 million valuation

CFO News

The rights issue, where existing investors will be offered the option to buy new shares in Think & Learn, may value the edtech firm at anywhere between $500 million to $1 billion.

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#FA Success Ep 369: Breaking Through To New Growth By Changing Your Mindset Around Hiring (Complementary) Team Members, With Michelle Ogden

Nerd's Eye View

Welcome back to the 369th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Michelle Ogden. Michelle is the founder of Ogden Wealth, an RIA based in Maitland, Florida, that oversees $50M in assets under management for almost 120 client households. What's unique about Michelle, though, is that after seeing the challenges that come with too-fast growth in her husband's business, she decided to be very slow and methodical in her own growth and limit her need to rely

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Union Budget 2024: FinTechs expect dedicated policies on cloud technology, CBDC

CFO News

FinTechs have started pouring in their expectations from Union Budget 2024 — from policy announcements on CBDC, increased credit corpus for MSMEs, incentives for further innovation in the sector and much more.

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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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Optimizing operating cash flow: a practical guide for finance leaders

Cube Software

Understanding operating cash flow Operating cash flow is the cash that comes in (and goes out of) company accounts from their main business activities.

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Indian electronics maker Dixon expects near-50% FY rev growth in 2024: Executive

CFO News

Electronics maker Dixon Technologies (India) expects a near-50% increase in revenue for the current fiscal year, driven by its mobile phone business. Dixon's Managing Director Atul Lall stated that the largest growth trigger is their mobile phone business. The company's revenue for the full year ending March is projected to be 180 billion rupees ($2.16 billion), with 40%-50% of that coming from its mobile phone manufacturing and assembly business.

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Transcript: Shomik Dutta, Overture Ventures

Barry Ritholtz

 The transcript from this week’s, MiB: Shomik Dutta, Overture Ventures , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in business with Barry Ritholtz on Bloomberg Radio. 00:00:09 [Barry Ritholtz] This week on the podcast, I have an extra special guest, Shik Dadda.

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Promotions boost gender diversity: More women get partner roles now

CFO News

In a trend catching up fast, India's top law firms are playing fair in gender diversity and promoting an increasing number of high-potential women lawyers to partner level and are going extra mile to retain them, industry insiders said.

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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.

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Retailers go easy on expansion as slowing consumption bites

CFO News

India's top retailers, including Reliance Retail, Titan Company, Avenue Supermarts, V-Mart Retail, and Shoppers Stop, have slowed down their store expansion this fiscal year. The slowdown is attributed to a focus on profitability and a saturated market with limited room for new outlets. Jefferies reported that Reliance Retail has reduced retail business capex and store additions have decreased.

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58% Indian travel companies poised to increase ESG investments using tech, says report

CFO News

Amadeus's report reveals a promising shift in the Indian travel industry, with 58 per cent of companies intending to bolster ESG investments in 2024. Technology emerges as a crucial enabler for sustainability, but challenges persist.

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What Indian crypto industry wants from the Interim Budget

CFO News

Budget 2024: Relief from last year's stringent tax structure norms, setting up of an SRO and creation of sandboxes are on the industry players' wish list.