Thu.Nov 23, 2023

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The coming IPO boom

CFO News

The surge in IPO activity is attributed to the eagerness of companies to tap into capital markets before or after the Lok Sabha elections, coupled with robust economic activity and positive sentiments from both domestic and foreign investors toward India and this momentum is likely to continue well into the second half of 2024.

Economics 105
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10 Thanksgiving Day Reads

Barry Ritholtz

My Turkey Day reads: • The Wild World Inside Your Gut : We tackled everything from heartburn, stress, spicy foods and colon cleanses to antibiotics and more. So grab a kombucha, get comfortable and read on for everything you’ve wanted to know about the wild world inside your gut. ( New York Times ) • These People Are Responsible for Thanksgiving’s Most Polarizing Food : How did a berry synonymous with one day of the year become the crown jewel of a billion-dollar business cooperative?

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Religare's Saluja, Baba Kalyani's sister or Singhania's ex-wife, the spotlight falls on women's corporate war

CFO News

Rashmi Saluja-led Religare Enterprises, for example, is embroiled in a conflict with the Burmans of Dabur. Baba Kalyani of Bharat Forge has an ongoing dispute with his sister, Sugandha Hiremath of Hikal. There's also a rift between Gopichand Hinduja and his nieces, as well as between the late Gopal Raheja's son and two daughters over his construction group's assets.

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OPEX in Financial Analysis

Spreadym

OPEX stands for Operating Expenses, which are the costs a company incurs from its day-to-day business activities. OPEX in Financial Analysis is a crucial metric as it reflects the ongoing costs necessary for running a company and generating revenue. These expenses include items like salaries, rent, utilities, marketing expenses, administrative costs, and other overhead expenses required to maintain operations.

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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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Small Business Tip: How to Find a Supplier for a Small Business

CFO Share

In the bustling arena of small business operations, outsourcing suppliers is much more than a logistical step – it’s a crucial decision that shapes your business’s future. The art of finding a supplier goes beyond just meeting your immediate product needs; it’s about forging a relationship that balances cost with quality, ensuring the longevity and prosperity of your business.

More Trending

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How finance leaders must keep an eye out on blockchain trends

Future CFO

Finance leaders must be keen to monitor the ongoing trends in technologies across various sectors as this can be significant in their decision-making process for their organisations. Among these trends is the banking sector's observed race to adopt and explore blockchain. Although there have been projections that the market value of blockchain will skyrocket in the coming years, lenders are being careful as there are not many ways to use blockchain in the sector just yet.

Finance 52
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We are focused on market share gain; almost 40% of our business comes from offline now: Honasa Consumer CFO

CFO News

“In our balance sheet, if you exclude cash and if I have to analyze our performance in the first half, we are almost at 50% plus ROCEs. So it is a business where given the opportunity that exists, we will focus on ensuring that we continue to deliver market beating growth.

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FCF @Health Tech Forward 2023 in Warsaw on November 28-29.

Fox Corporate Finance

On February 6, 2024, the 8th ECP – European Chemistry Partnering Congress, the business speed dating event for the chemical and biotech industry, will take place in Frankfurt. Visitors to the 8th ECP can benefit. Read more The post FCF @Health Tech Forward 2023 in Warsaw on November 28-29. appeared first on FCF Fox Corporate Finance GmbH.

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Demand for spirits slows on increased taxes and high base

CFO News

The Indian spirits industry experienced a slowdown in demand to 2.2% in the quarter ended September, reversing a 7-15% growth trend over the past two years. The industry's growth was impacted by lower sales of mass-priced products, increased taxes, and a high base. Whisky remained the largest segment, accounting for two-thirds of overall spirits demand, growing 3.2% on a high base between July and September.

Sales 52
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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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Global growth to slow in 2024 but firm in 2025

Future CFO

Though global growth will slow in 2024 as high interest rates percolate through credit channels to the real economy, it will firm in 2025, said Moody’s recently. Inflation will continue to cool amid slowing demand in 2024 as central banks maintain a tight policy stance, the credit rating agency predicted. “Absent unanticipated shocks, we expect global growth to firm in 2025,” the firm said.

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New Finance Commission may tweak formula; SDGs, climate could get more weight

CFO News

The government is currently finalising the terms of reference for the 16th Finance Commission, which is likely to be set up shortly. The commission may also be asked to look at the conditions attached to fiscal transfers to urban and rural local bodies, to ensure that the funds are effectively utilised, a senior official aware of the discussions told ET.

Finance 52
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DGFT, Amazon ink MoU to promote MSMEs’ ecommerce exports

CFO News

“To enable micro, small and medium enterprises (MSMEs) and boost e-commerce exports from the country, DGFT is collaborating with the various e-commerce players to leverage the Districts as Export Hubs initiative and promote e-commerce exports from the country,” the ministry said in a statement.

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Indian economy better poised than China to handle global headwinds, says Axis Bank’s chief Economist

CFO News

Mishra credited this growth to an increase in export of modern services, higher investment in infrastructure and better penetration of basic amenities through the country. While India's share in global services trade is 4.5%, we have done significantly better in the trade of modern services like remote work, taking up 8% of the market share, he 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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Customer data completely safe in India: Nirmala Sitharaman

CFO News

Finance Minister Nirmala Sitharaman has reassured that customer data shared with account aggregators (AA) in India is completely secure. Expressing concern over the slow progress of the AA scheme, she emphasized the need for enhanced awareness or simplification of technology. Sitharaman mentioned that banks have reviewed the AA scheme and their participation has been beneficial.

Finance 52
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NCLAT admits SBI plea against Lavasa Resolution

CFO News

This is the second bank objection to the loan default resolution of Lavasa Corporation, billed as the first private hill town project to be built since Independence. It comes almost two years after creditors approved the plan overwhelmingly in December 2021 and months after the NCLT gave its nod in July this year.

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Tesla ready to drive in up to $2 billion, but with riders

CFO News

According to sources aware of the matter, Tesla has approached the union government with a detailed proposal linking the quantum of investment to the number of cars it can import at lower duty. The company is willing to invest up to $500 million if the government extends concessional tariff for 12,000 vehicles and can increase this up to $2 billion if the reduced duty is approved for 30,000 vehicles.

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NBFC body appeals to RBI to review recent risk weight increase

CFO News

Non-banking financial companies (NFBCs) have requested the Reserve Bank of India to reconsider the increase in risk weights for bank loans to NBFCs. The RBI increased these weights by 25 percentage points to 125% on retail loans, potentially reducing credit flow to MSMEs and self-employed sectors.

Banking 52
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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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Sebi asked to consult stakeholders at drafting stage to ensure regulations are not overly restrictive: FM

CFO News

FM Nirmala Sitharaman reassured industry stakeholders, stating the government's directive to SEBI to consult shareholders and amend regulations perceived as overly restrictive. Addressing concerns of stifling innovation, Sitharaman emphasized a balanced approach for growth. She urged state-run banks to attract deposits with competitive interest rates while supporting India's expanding credit needs.

Banking 52
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Bank of Baroda yet to complete forensic audit on mobile app fraud: Official

CFO News

On October 10, the Reserve Bank of India (RBI) banned the lender from on-boarding new customers on its mobile app after finding certain material supervisory concerns.

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TReDS ‘not fully effective’, only 10% of its potential being realised: Secretary, Ministry of MSME

CFO News

There are other provisions in the GST and taxation regime that can be further used to enable faster payments, at least to the small and micro segments, Das said

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Zomato, Swiggy want to clarify stance to DGGI on tax notice

CFO News

Companies are expected to tell officials that delivery fees are not accounted for as revenue, but passed on to delivery workers and hence cannot be taxed.

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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.