Mon.Apr 01, 2024

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Tupperware flags accounting strains in late 10-K notice

CFO Dive

The late notice comes roughly five months after Tupperware said its former independent auditor PricewaterhouseCoopers declined to be re-appointed.

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GST collection surges to Rs 20.14 lakh crore in FY24, marking an 11.7% increase

CFO News

India's FY 2023-24 GST collection crosses Rs 20.14 lakh crore, up by 11.7 per cent. March 2024 witnesses a significant surge, hitting Rs 1.78 lakh crore, marking the second-highest monthly collection.

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IPO market strengthens as economy defies recession forecasts: EY

CFO Dive

Investor enthusiasm for artificial intelligence may spur companies to go public in coming months, EY said.

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The Latest In Financial #AdvisorTech (April 2024)

Nerd's Eye View

Welcome to the April 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news of an emerging wave of price increases from long-term AdvisorTech vendors like Orion and InvestCloud, which the companies are positioning as a necessary response to the impact of inflation on their underlyi

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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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Ex-construction CFO pleads guilty to wire fraud stemming from $890K embezzlement scheme

CFO Dive

The former CFO is required to pay restitution of $890,000 in addition to other penalties and may also face time in prison.

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More Trending

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3 ways tech-enabled staffing solutions help businesses scale

CFO Dive

Using a tech-enabled solution can help you scale your team, your revenue and your resources — better than traditional solutions.

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Reliance's Tamil Nadu campus may host Meta’s first India data centre

CFO News

Meta to establish its first data center in India at Reliance Industries campus in Chennai, enabling local content processing for Facebook, Instagram, and WhatsApp. The move aligns with the growing user base and ad revenue in India.

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A Day in the Life: Juvanus Tjandra from KPMG in Singapore

Future CFO

Editor’s note: What is it like to work with finance leaders in driving growth against the backdrop of the ever-changing business landscape and macroeconomic environment? In today's A Day in the Life interview, Juvanus Tjandra (pictured), Partner, Advisory, KPMG in Singapore shares what excites him the most when working with finance leaders and what he has learned from interacting with them.

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Taxman puts some FPI assessments on hold for more information

CFO News

The Income Tax (I-T) department has deferred issuing final assessment orders on several foreign portfolio investors (FPIs) for the financial year 2021-22, seeking additional information from jurisdictions like Mauritius. While the assessment period ended on March 31, 2024, the tax office has invoked provisions to extend the deadline, indicating efforts to gather more facts.

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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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What to Expect When You Hire an Outsourced CFO

CFO Share

What to Expect When You Hire an Outsourced CFO The thought of hiring an outsourced Chief Financial Officer (CFO) has been on your mind, perhaps driven by stalled growth and advice from your mentors. Yet, hesitation shadows your resolve, fueled by fears of wasted money, loss of control, and dependency on a seemingly detached contractor. If you are thinking about transitioning to an outsourced CFO , but are not completely sold on the idea, then let’s walk through a hypothetical situation and

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Zepto in talks for $300 million raise at $2.5-3 billion valuation

CFO News

Zepto eyes $300 million fundraise for $2.5-3 billion valuation, targeting Ebitda positivity with $1.2 billion sales. Blinkit's GMV surpasses $1 billion; Zomato holds $1.5 billion cash; Swiggy prepares for IPO.

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The Ideal Nonprofit Accounting Tech Stack

The Charity CFO

Implementing technology into your nonprofit accounting process can help solve a variety of issues—from tracking receipts to properly recording donations. In most cases, technology helps improve the efficiency and accuracy of nonprofit accounting. You’ll need to use the right technology systems to get these benefits. Known as a tech stack, building a comprehensive system from multiple tools is essential to successful technology use.

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Mission 2047: India charts road to a developed economy

CFO News

India is setting near, medium, and long-term goals to become a developed economy by 2047, focusing on electric mobility, digitisation of payments infrastructure, and high-speed expressways. Central ministries will soon finalize five-year budgetary requirements for better financial management. Key areas include extended producer responsibilities, electronic waste recycling, soil surveys, farm output increase, youth skilling, speedier production from auctioned mines, and increased manufacturing ou

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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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India Inc's improving credit profile sees more upgrades in H2 of FY24

CFO News

Domestic consumption, demand across several sectors, government spending on public infrastructure, and healthy balance sheets helped in improving credit profiles, rating agencies said. Major rating companies have recorded more upgrades than downgrades, although the pace moderated sequentially.

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India inc’s fundraising via bonds touches record Rs 9.77 l cr in FY24

CFO News

Indian companies in FY24 showed a preference for the bond market over equities for fundraising. Privately placed corporate bonds reached Rs 9.77 lakh crore, while equity fundraising totaled Rs 1.26 lakh crore, with Rs 66,806 crore from QIPs.

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Manufacturing and urban demand may fire up FY25 GDP

CFO News

Economists are optimistic about India's economy, forecasting a 7% growth in FY25 driven by improved manufacturing, farm activity, and robust urban demand. Some expect growth to reach 7.8%, emphasizing the need for meaningful job creation. Factors contributing to this outlook include government focus on capital expenditure, strong service sector momentum, and expectations of a broad-based recovery in rural demand due to a normal monsoon.

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Mubadala plans big deals in India's healthcare space

CFO News

Abu Dhabi's Mubadala Investment Company plans to expand in India's healthcare sector, seeking deals in the $200-500 million range. With a focus on pharmaceuticals, outsourced pharma services, and medtech, Mubadala aims to deploy capital meaningfully in India. This move aligns with Mubadala's strategy to generate sustainable financial returns. They have made significant investments globally and are now looking to expand their presence in India's healthcare landscape.

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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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ET Explainer: What RBI's norms on penal charges mean for borrowers

CFO News

The Reserve Bank of India (RBI) has implemented new guidelines on penal charges for loan accounts starting from April 1. These regulations prohibit commercial banks and finance companies from imposing penal rates on loan defaults or any non-compliance event. The guidelines aim to promote credit discipline and prevent banks from using penal charges as a revenue enhancement tool.

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Ramani Dathi on what is needed for creating more jobs and higher incomes

CFO News

Ramani Dathi, CFO of Teamlease Services, calls for skill bridging solutions in manufacturing. She emphasizes formalization to boost productivity and address wage gaps between formal and informal sectors. Dathi further says that the main thing which we have seen is that wage inflation and formalisation are in direct proportion to each other.

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Sebi launches SCORES 2.0 to strengthen investors' complaint redressal system

CFO News

Markets regulator Sebi on Monday launched the new version of SCORES in a bid to strengthen the investor complaint redressal mechanism by introducing auto-routing of complaints and monitoring such grievances by designated bodies.

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RBI's now become an enabler of the market economy: Governor Shaktikanta Das

CFO News

"Given the rapid changes taking place in today's world, especially in the areas of technology, innovation, business practices and growing complexities in the financial sector, the Reserve Bank is constantly evaluating the emerging trends and taking necessary policy measures to remain in sync with the evolving situation," Shaktikanta Das said at the RBI's 90th commemoration function on Monday.

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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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'Indian economy making new records when several economies are struggling': PM Modi at RBI’s 90th anniversary ceremony

CFO News

The RBI, established in 1935, operates as the country's central bank as per the recommendations of the Hilton Young Commission and governed by the Reserve Bank of India Act, 1934. Over the years, the RBI's responsibilities have expanded to include monetary management, financial system regulation, foreign exchange management, currency issuance, payment system oversight, and developmental functions.