Wed.May 17, 2023

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Data key to grasping generative AI fundamentals

CFO Dive

As more companies try out generative AI, understanding the role and importance of the data underpinning these models is crucial for CFOs.

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120,000

The Reformed Broker

Just wanted to take a moment to recognize the incredible work my media and research teams have been doing to propel The Compound channel past 120,000 subscribers this month. And that 120k is just a fragment of the audience because almost everything we do on video is also on the audio podcast channels too. For those who are new to what we’re doing at the Compound YouTube channel each week, below is the schedule of w.

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Trending Sources

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M&A falters despite ‘heavily discounted prices’: PitchBook

CFO Dive

Deals valued at below $100 million accounted for a record proportion of M&A transactions during the first quarter.

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Inflation Expectations Are Useless

Barry Ritholtz

Jerome Powell and the Federal Reserve spend a lot of time worrying about Inflation Expectations. They shouldn’t. Sentiment surveys in general are mostly useless (except at the extremes). They aren’t merely lagging, backward-looking indicators, but instead, tell you what the public experienced 3- 6 months ago. Beyond short-term extrapolation, they have little to no ability to provide insight into intermediate-term (6-12 months) inflation.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Lyft CFO steps down in latest of leadership changes

CFO Dive

In the first week of his tenure, new CEO David Risher announced a 26% reduction in Lyft’s corporate workforce. Now, the current CFO is stepping down.

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More Trending

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Ex-Amazon finance leader headed for DocuSign

CFO Dive

The new finance chief will help DocuSign to unlock both growth and operational efficiency, the company’s CEO said.

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Investing For Nonimmigrant Visa Holders: Understanding Visa Types, Investment Challenges, And Tax Implications

Nerd's Eye View

Amid a tight job market and low unemployment rates, a significant amount of the U.S. ‘talent gap’ is filled by foreign-born workers on employment visas like the H-1B. These visas allow foreign workers to live and work in the country temporarily while they are employed – although in practice, this can mean that individuals can spend years or decades (or even their entire career) working in the U.S. on a ‘temporary’ visa.

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Driving 40% biz growth top focus in FY24: ixigo Group CFO

CFO News

Rahul Gautam is focusing to drive growth to Rs 700 crore, banking on robust travel demand across the company’s all three rails, bus, and flight businesses.

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Quality of cyber defences directly impacts insurability, premium costs

Future CFO

Quality of cyber defences directly Impacts insurability, premium costs, and policy terms, said Sophos recently. According to the firm’s new report “The Critical Role of Frontline Cyber Defenses in Insurance Adoption” based on a survey of 3,000 cybersecurity or IT executives earlier this year, 95% of organisations that purchased a cyber insurance policy in the last year report a direct impact, with 60% indicating that it impacted their ability to get coverage, 62% the cost of their coverage, and

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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India Inc's dealmaking activity declines 47% to USD 5 billion in April 2023 : Grant Thornton

CFO News

Till date year 2023 overall saw a significant decline both in terms of deal volumes by 46% and deal values by 76%, amounting to USD 14.7 billion, owing to global headwinds from rising interest rates and elevated inflation levels.

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Venture Capital Sentiment Tracker – April 2023

Fox Corporate Finance

April 2023: Biotechnology Medical Technology Health Technology Funding Volume (€m) 0 Trend Funding Volume (€m) 0 Trend Funding Volume (€m) 0 Trend Biotechnology Funding Volume (€m) 0 Trend Medical Technology Funding Volume (€m) 0 Trend. Read more The post Venture Capital Sentiment Tracker – April 2023 appeared first on FCF Fox Corporate Finance GmbH.

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Union Cabinet approves Rs 17,000 crore for IT Hardware PLI Scheme 2.0 to boost electronics manufacturing

CFO News

The budgetary outlay is Rs 17,000 crore and the tenure of the program is 6 years; expected investment is Rs 2,430 crore, Union Electronics Minister Ashwini Vaishnaw said.

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train reads: • The Rise of FTX, and Sam Bankman-Fried, Was a Great Story. Its Implosion Is Even Better. About a year after the author Michael Lewis began to shadow Bankman-Fried, the founder of the crypto exchange FTX, Bankman-Fried was arrested. As the story evolved, Lewis has had a front-row seat to the drama. ( New York Times ) • The Return to the Office Has Stalled : Offices remain half empty as companies settle into hybrid work plans. ( Wall Street Journal ) see also Is

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Submit report on Adani-Hindenburg probe by August 14, SC tells SEBI

CFO News

The Supreme Court on Wednesday granted markets regulator SEBI time till August 14 to submit its report on the investigation into the Adani Group-Hindenberg report issue. The apex court on Monday adjourned the hearing on the SEBI plea seeking a six-month extension to conclude the investigation in the Hindenburg Research's report.

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‘India-EU working together to find right solution to CBAM issue’: Minister Piyush Goyal

CFO News

Union Minister Piyush Goyal addressed the India-EU Trade & Technology Council in Belgium saying the India-EU FTA negotiation is progressing well.

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Go First informs pilots of resumption from 27 May

CFO News

The airline is restarting training classes for the pilots from tomorrow.

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To identify fake GST registration special drive launched; data analytics, AI deployed

CFO News

Mandatory Aadhaar-based authentication for new GST registrations as well as centralized suspension of registrations of businesses which default in timely filing of returns are also being used to curb fake GST registration.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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Over half of retail sales in MSMEs will be via UPI: Study

CFO News

The study said 70% of the MSMEs believe more than half of their retail sales will be via UPI. It also showed that the UPI has taken over the card payments with decline mostly in the big cities.

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Government to issue notices to debar more companies found violating FAME-II norms: Official

CFO News

"We have received reports that some other companies have also violated the FAME-II guidelines. We will be issuing them notices similar to the notices issued to two firms found to be violating the localisation norms earlier," said the official, requesting anonymity.

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Vedanta Resources Ltd taps global banks for $500-600 million loan

CFO News

VRL, headquartered in London, aims to borrow the money through its Zinc International unit. Following delays in securing funds from Farallon Capital Management, VRL has resumed discussions with banks to explore alternative financing options.

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Investments into Indian hospitality to exceed $2.3 bn over the next 2-5 years: CBRE

CFO News

The report, titled ‘Indian Hospitality Sector: On a Comeback Trail’ released on Wednesday stated that the total investment during 2020-2023 is likely to exceed $ 0.4 billion. 12,000 hotel rooms likely to be added in 2023 and the number of hotel rooms is expected to grow at an expected CAGR of 3.3% by 2025.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Modi Cabinet Rejig: Kiren Rijiju gets Ministry of Earth Sciences, Arjun Ram Meghwal appointed as new law minister

CFO News

In a major rejig of Prime Minister Modi-led Cabinet, Arjun Ram Meghwal was appointed as the new law minister replacing Kiren Rijiju on Thursday. Rijiju has been shifted and assigned Ministry of Earth Sciences, reported PTI, citing sources.

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Reliance Retail, Adani no longer in race for Future Retail: Report

CFO News

According to the report, ​​a total of six bids have been received for the final round of bidding for Future Retail from lesser-known companies. Realty firm Space Mantra has bid the highest for the company, meanwhile, the five other applicants have bided for parts of Future Retail. Financial creditors have claimed around Rs 20,000 crore from Future Retail.

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It's important to de-risk global economy in era of volatility and uncertainty, says S Jaishankar

CFO News

External Affairs Minister S Jaishankar has said that the India-EU Trade and Technology Council (TTC) is a significant milestone in the strategic partnership between India and the European Union. The meeting, co-chaired on the Indian side by Jaishankar, Commerce and Industry Minister Piyush Goyal and Communications, Electronics and IT Minister Rajeev Chandrasekhar, covered key focus areas of strategic technologies, digital governance and green energy technologies.

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Lyft says CFO Elaine Paul to step down, appoints replacement

CFO News

Lyft Inc said on Tuesday Erin Brewer will replace chief financial officer Elaine Paul, who is leaving the ride hailing company months after a new CEO was appointed.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.