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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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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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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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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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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More Trending

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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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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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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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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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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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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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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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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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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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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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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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‘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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Hinduja Group chairman SP Hinduja dies in London at 87

CFO News

​Srichand P Hinduja or S.P. as he’s was also known, joined his family business after completing his education in early 50s. He's survived by his three brothers, namely Gopichand, Prakash and Ashok and two daughters, Shanu and Vinoo.

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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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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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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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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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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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BPCL to invest Rs 52, 731 crore in expanding capacities

CFO News

BPCL has approved the ethylene cracker project at Bina Refinery, including downstream petrochemical plants and expansion of the refinery with capital expenditure of approximately Rs 49,000 crore. The core component of the expansion projects is the Ethylene Cracker Project, which will drive the production of essential petrochemicals.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.