CFO Dive
OCTOBER 11, 2023
“We have got more in the pipeline and there are various estimates that could range from 250 to 350 by the end of the year, and they just continue to grow as banks do it,” the central bank governor said.
CFO News
OCTOBER 11, 2023
Last week, the Reserve Bank of India (RBI) decided to keep the repo rates unchanged at 6.5% for the fourth time in the fiscal. ETCFO spoke with finance leaders to understand the impact of pause and stable policy on India Inc's growth and expansion plan.
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CFO Dive
OCTOBER 11, 2023
Fourteen percent of M&A professionals surveyed have seen a transaction derailed because of AI-related concerns.
CFO News
OCTOBER 11, 2023
Last week, the Reserve Bank of India (RBI) decided to keep the policy repo rate unchanged at 6.5 per cent for the fourth time in the fiscal. The MPC last raised this rate by 25 bps to 6.50 per cent at its meeting in February 2023. Governor Shaktikanta Das said the transmission of 250 bps repo rate cut is still incomplete. ETCFO spoke with economists to understand when can India Inc expect a first rate cut.
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.
CFO Dive
OCTOBER 11, 2023
The U.S. standard setter is developing the first accounting guidance to directly apply to certain environmental credits.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO Dive
OCTOBER 11, 2023
Optimism among small businesses has flagged even as economic growth this year has exceeded expectations.
Nerd's Eye View
OCTOBER 11, 2023
In 2004, the SEC significantly strengthened the compliance responsibilities of investment advisers when Rule 206(4)-7 (also known as the "Compliance Rule") went into effect, requiring them to adopt and implement written compliance policies and procedures, review such policies and procedures annually, and designate a Chief Compliance Office to administer such policies and procedures.
Barry Ritholtz
OCTOBER 11, 2023
Exciting news! I am heading to Charlotte next month, and I will be bringing a full complement of the crew with me! We will be meeting with clients and hanging with the team from our Charlotte offices. We are also meeting prospective clients and interviewing a few new folks for the firm. You can join me, Josh Brown, Michael Batnick and Blair duQuesnay and several of our financial advisors, including Managing Partner Kris Venne, and Ritholtz Wealth’s President, Jay Tini.
Future CFO
OCTOBER 11, 2023
While cyber defence cost is increasing, just one in five cybersecurity leaders considers their organisation’s defence approach to be effective, said EY recently. According to the EY 2023 Global Cybersecurity Leadership Insights Study based on a survey of 500 cybersecurity leaders worldwide, the annual spend on cyber defence hits US$35 million with median cost for a breach has increased by 12% to US$2.5 million in 2023 and expected to reach US$4 million.
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CFO News
OCTOBER 11, 2023
The bank will soon approach its shareholders proposing a capital increase and redefinition of its mandate, he added. "I'm definitely going to go back to our shareholders to seek a bigger bank," Banga said. "I believe that is what the world needs for the next coming decades.
Fox Corporate Finance
OCTOBER 11, 2023
FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Healthcare & Life Sciences Venture Capital Monitor – Europe 09/2023”. The Monitor is a monthly published overview of venture capital trends in the European. Read more The post FCF Healthcare & Life Sciences Venture Capital Monitor – Europe – 09/2023 published appeared first on FCF Fox Corporate Finance GmbH.
CFO News
OCTOBER 11, 2023
Naveen Jindal, the promoter of Jindal Steel and Power, has expressed interest in buying insolvent airline Go First. The expression of interest has been submitted by Jindal Power, owned by Worldone Pvt Ltd, a company owned by Naveen Jindal. It is unclear whether Jindal is looking to acquire the airline outright or act as a strategic investor. Go First has over ₹20,000 crore in claims from creditors and is running against the clock to resume its services.
Future CFO
OCTOBER 11, 2023
Data centres in the Southeast Asia region need to evolve to meet changing demands and stakeholder expectations amid the growth of the digital economy. The region has been seeing a wave of investments into digital infrastructure as an emerging asset class and the data centre sector is faced with the need to adapt to the transformation, with the rapid development of technologies including 5G, artificial intelligence, and cloud computing.
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.
CFO News
OCTOBER 11, 2023
Following a board meeting to consider its Q2 results, TCS said the board has approved a proposal to buyback 4.09 crore shares for an aggregate amount not exceeding Rs 17,000 crore, representing 1.12% of the total paid-up equity share capital of the company.
Barry Ritholtz
OCTOBER 11, 2023
My mid-week morning train WFH reads: • The Free-Money Experiment Is Over : The carnage from the bond market—where the rout is worse than anything you’ll find in the history books since 1787—is spreading, and the implications are nasty. ( Businessweek ) • Why Silicon Valley Falls for Frauds : FTX’s Sam Bankman-Fried will stand trial on charges of overseeing fraud that sucked in high-profile investors and hundreds of thousands of clients.
CFO News
OCTOBER 11, 2023
Payroll data for EPFO showed that 1.31 million net new formal jobs were created in April this year followed by 1.26 million in May, 1.57 million in June and 1.87 million in July, taking the cumulative employment generation to 6.01 million in 2023 till July.
CFO News
OCTOBER 11, 2023
Takis Georgakopoulos, the global head of payments at JPMorgan, has emphasised that while India has a multitude of fintech companies, they should strive to enhance their operations' profitability by moving up the value chain. In an interview with Rozebud Gonsalves, he also discusses the potentially uneven path toward central bank digital currencies (CBDCs).
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
CFO News
OCTOBER 11, 2023
India's Finance Minister, Nirmala Sitharaman, met with US Treasury Secretary Janet Yellen to discuss the policy priorities of the International Monetary Fund (IMF) and how it can support its members. Sitharaman highlighted the importance of a strong and adequately resourced IMF, as well as the role of the institution in addressing debt restructuring and fostering cooperation on debt issues.
CFO News
OCTOBER 11, 2023
The Department for Promotion of Industry and Internal Trade (DPIIT) said that the administrative ministry may also visit the manufacturing facilities to review the scheme's progress, and directly solicit feedback from the industry.
CFO News
OCTOBER 11, 2023
Reliance Jio and Bharti Airtel are competing to capture the higher ARPU home segment by offering bundled services. Both telcos have invested in 5G networks and are now looking to monetize them through fixed-wireless broadband services. The home broadband market is seen as a lucrative area for increasing ARPU, especially with the increased capacity brought by 5G.
CFO News
OCTOBER 11, 2023
In Q1, six leading Indian IT services companies recorded the sharpest contraction in headcount in the last three years in the April-June period. Aggregate staffing at Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, LTIMindtree and L&T Technology Services (LTTS) contracted by 18,000, worse than a negative 9,000 in the June quarter of 2021, which was during the pandemic.
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CFO News
OCTOBER 11, 2023
The transaction is subject to regulatory approvals and is expected to be completed by December 2023. Bharti Group aims to continue serving the Indian market and is exploring partnerships with other investors to further expand the business. Bharti and AXA had previously sold Bharti AXA General Insurance to ICICI Lombard in 2020.
CFO News
OCTOBER 11, 2023
Life insurance giant LIC of India, on Wednesday, said that it has received a GST demand order for lower payment of taxes. As per the notice, LIC paid 12% GST instead of 18% on certain invoices. It had also received Income Tax penalty notices of Rs 84 crore earlier this month and Rs 290 crore in September.
CFO News
OCTOBER 11, 2023
The department had earlier probed TCS on Transfer Pricing (TP) adjustments to check if the transactions with its associated enterprises were at arm's length and whether TCS was liable for taxes on brand fees. The assessing officer (AO) for the assessment year FY14-15 had arrived at the assessed income of '18,752 crore.
CFO News
OCTOBER 11, 2023
The Board of AMFI also elected Mr. Anthony Heredia, MD and CEO, Mahindra Manulife Mutual Fund as the Vice-Chairman of AMFI. Mr. Anthony Heredia is a Chartered Accountant and has over 26 years of experience in the investment management industry.
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