Sun.Jan 21, 2024

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Birlasoft aims to be $1 billion-plus company in next 2-3 years: CFO

CFO News

Kamini Shah, CFO of Birlasoft discusses the company's strategy, geographical expansion plan, demand shifts amidst macroeconomic uncertainty and focus areas.

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PodChats for FutureCFO: Talent strategies for the finance function for 2024

Future CFO

Talent shortage continues to persist in many parts of the world including Asia. In Singapore, for example, the shortage of accounting staff is most felt by small accounting firms that struggle to compete with the Big Four accounting firms. A Gartner survey of finance function employees revealed some interesting problems faced by both employers and employees in the finance function.

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A 10-year TIPS matured Jan. 15. How did it do as an investment?

Tips Watch

By David Enna, Tipswatch.com Back on Jan. 23, 2014, the Treasury auctioned a new 10-year TIPS, CUSIP 912828B25, generating a real yield to maturity of 0.661% and a coupon rate of 0.625%.

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967: Leading With a Customer Mind-Set | Karen Walker, CFO, Sysdig

CFO Thought Leader

Like many of her CFO peers, Karen Walker had an early career that was guided by abundant opportunities surrounding finance-driven decision-making within organizations. It was a path that often led Walker to engage more closely with sales and operations, as was the case at CNET Networks, where she tells us that she recognized the limitations of embracing a strictly “rules-based” approach in finance.

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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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Lenders, finance companies power India Inc's double-digit profit growth

CFO News

For a sample of 215 companies that have so far declared October-December results, revenue grew by 11.2%, while net profit rose by 14.2%. In the year-ago quarter, revenue expansion was 19% and profit growth stood at 6.5%.

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71 % of India's wealthiest are keen to invest in luxury real estate: Report

CFO News

71% Wealthy Indians express a desire to invest in luxury real estate in the next 12-24 months, finds India Sotheby’s International Realty’s annual survey. Capital appreciation has overtaken lifestyle upgrades, as the primary motivation for real estate investment (44%), signaling a return of investors to the market, with a focus on long-term appreciation.

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Spotlight on the Philippines 2023: Highlights from AMRO's Annual Consultation Report

Future CFO

AMRO' estimated that the country's economic growth would pick up to 6.3% in 2024 as external demand recovers. In addition, AMRO's 2023 Annual Consultation Report on the Philippines highlights the need for infrastructure investment and tightened macro policies to address high inflation and structural challenges. The post Spotlight on the Philippines 2023: Highlights from AMRO's Annual Consultation Report appeared first on FutureCFO.

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Insurers' intermediaries get I-T notices under benami law over alleged fund routing violations

CFO News

Over the past one week, some companies acting as agents and marketing intermediaries of insurance companies have received notices under the Benami Transactions (Prohibition) Amendment Act, 2016, for allegedly routing funds to sidestep regulations.

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5 Excel-heavy Pain Points still Dragging down finance teams in 2024

The Finance Weekly

When you’re making small-talk with someone who isn’t in finance or accounting about how work is going, and they answer with “busy,” do you ever question how hard it really is? After all, how busy someone is will be relative to their business, function, and industry. However, as finance and accounting professionals, when someone asks us how work is going, when you answer with “busy,” you mean you are working flat-out trying to do very manual things in Excel.We spoke to 20 finance teams for resear

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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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Budget 2024: 175 big MNCs' units gear up for new global minimum taxes, review rules

CFO News

As per a PwC study, around 175 arms of multinationals operating in India qualify for consideration under Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) 2.0 Pillar Two regulations.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Inside the Crime Rings Trafficking Sand : Organized crime is mining sand from rivers and coasts to feed demand worldwide, ruining ecosystems and communities. Can it be stopped? ( Scientific American ) • Think millennials have it tough? For ‘Generation K’, life is even harsher : After our in-depth investigation of the issues faced by young adults, Noreena Hertz takes a look at the lives of toda

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Legacy companies in the mobility space are tying up with and even acquiring young startups to travel into the future

CFO News

Legacy companies like Mahindra and Mahindra, Hero MotoCorp, and Gulf Oil are collaborating with startups such as Ather Energy, Charge+Zone, and Tirex to explore opportunities in the mobility space. These collaborations aim to leverage synergies in electric vehicle (EV) and ecommerce sectors. Mahindra has partnered with Charge+Zone and Statiq to develop an extensive network of EV charging stations.

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ESMA, RBI in talks to reach pact compliant with EU regulations

CFO News

The matter pertains to the Clearing Corporation of India - the Reserve Bank of India (RBI)-supervised body that hosts the platform for trading domestic government bonds. In October 2022, the ESMA had de-recognised the CCIL because the RBI did not permit rights of audit and inspection over the local clearing house, which acts as the official counterparty to billions of dollars of government bond trade.

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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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Budget 2024: Govt likely to maintain capex momentum in FY25

CFO News

Union budget 2024: The government is expected to continue prioritizing capital expenditure, particularly in the infrastructure sector, in the upcoming Budget to drive economic growth. The government has allocated a record high of Rs 10 lakh crore for capex during the current financial year, with a consistent increase. The upcoming Budget is expected to allocate a substantial amount for capital expenditure, as it has a multiplier effect on the economy and attracts private investment.

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Gautam Adani's lessons from Hindenburg fight fuel $93 billion rebound

CFO News

A year after US-based short-seller Hindenburg Research accused the Adani Group of fraud and “brazen” stock price manipulation in a bombshell report — allegations the conglomerate denies — the Indian tycoon has emerged stronger on some measures of business fundamentals.

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Deadline over; Sony not keen to extend good faith negotiations with Zee, $10 billion merger likely terminated

CFO News

A formal communication calling off the mega amalgamation, first announced in December 2021, is expected to be sent to the Tokyo exchanges in the next 48 hours. Failure to comply with pre-agreed conditions and failing financial health of Zee were likely key triggers for the termination.

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IDFC First's 5-year plan: Grow assets at 20%, deposits at 25%

CFO News

IDFC First Bank plans to double its branch network in five years, while reducing bad loans. The bank aims to expand assets by 20% annually and deposits by 25%. With a stable operating business and improved visibility, the bank is confident in achieving its targets. It has successfully improved CASA and increased its loan book. The bank plans to open branches based on deposit goals and grow deposits at a CAGR of 25%.

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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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Request government for protectionist measures in Budget; remove duty on raw materials: Abhyuday Jindal

CFO News

Jindal Stainless Ltd (JSL) MD Abhyuday Jindal has urged the government to remove import duty on raw materials in the upcoming Union Budget to provide a level-playing field to the domestic stainless steel industry. Cheap and sub-standard stainless steel products from countries like China and Vietnam are affecting the domestic market.