Sun.Sep 22, 2024

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Investing for safety: The era of 5% yields is ending

Tips Watch

By David Enna, Tipswatch.com We knew this day would come, after enjoying 5% nominal yields on very safe investments for more than a year.

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Navigating the 2024 Budgeting Season

The Finance Weekly

Every budgeting season brings a chance to push your business forward into the new year. Of course, there are plenty of challenges to juggle as you balance all your company's needs and goals. With 2024 coming to a close and the 2025 budgeting season around the corner, the pressure is really on you and your finance team! Common Pitfalls Ahead Familiarizing yourself with these challenges will help you prepare for the 2024 budgeting season and set your organization up for success.

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Trending Sources

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1,036: The Power of AI in Shaping Strategic Finance Leadership | Zane Rowe, CFO, Workday

CFO Thought Leader

In 2012, after having spent nearly two decades in the airline industry, Zane Rowe made a bold career pivot. Leaving behind his role as CFO at United Airlines, he stepped into the tech world, joining Apple in a sales position—a move that many saw as risky, but one that would ultimately shape his perspective on finance leadership in the Digital Age. This decision marked the beginning of a transformative journey that would prepare him to navigate the integrated complexities of technology, innovatio

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GST 2.0 will further ease tax compliances and boost economic growth

CFO News

Goods and Services Tax (GST) is one of the major economic reforms in the last decade in India which replaced the Value Added Tax (VAT) system.

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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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Summit CEO: Don't let negative feedback become a stumbling block

Future CFO

Editor’s note: In today’s Female Leadership in Business , Jo-ann Chung (pictured), CEO, Summit shares with FutureCFO audiences her experience of not letting negative feedback defeat her and how she helps team members grow. Future CFO: When did you start to become interested in product strategy after graduation with a degree in accounting? Did you consider a career in accounting before engaging in product strategy and development?

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10 Sunday Reads

Barry Ritholtz

My Sunday morning look at incompetency, corruption and policy failures: • The Contingency Contingent: My fake job in Y2K preparedness. It was a fake job because Andersen was faking it. The firm spent the late 1990s certifying fraudulent financial statements from Enron, the Texas-based energy company that made financial derivatives a household phrase, until that company went bankrupt in a cloud of scandal and suicide and Andersen was convicted of obstruction of justice, surrendered its accountin

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India signs IPEF's clean, fair economy agreements

CFO News

India has signed agreements under the Indo-Pacific Economic Framework for Prosperity to enhance cooperation in clean and fair economy sectors. These agreements aim to promote clean energy, reduce greenhouse gas emissions, improve tax transparency, and combat corruption. The framework includes 14 member countries and focuses on trade, supply chains, clean economy, and fair economy.

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India to clock 7% growth in FY25 despite headwinds: Deloitte

CFO News

India remains a bright spot in the global economy, with Deloitte South Asia CEO Romal Shetty projecting a 7 per cent growth for the current fiscal year. Despite global headwinds, inflation is under control, rural demand is picking up, and vehicle sales are improving. The Indian economy is expected to reach USD 5 trillion within this decade.

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Financial services get highest foreign inflows in first half of September

CFO News

Overseas investors purchased Indian equities worth ₹32,779 crore across 17 sectors in the first half of September. Financial services received the highest inflows at ₹12,253 crore. Healthcare, consumer durables, and FMCG sectors also saw significant investments. However, the automobile sector faced the highest outflows at ₹1,983 crore.

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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, EU to begin next round of talks on free trade pact on Monday

CFO News

Senior officials from India and the European Union will begin the ninth round of free trade agreement talks on Monday. The discussions aim to enhance bilateral trade and investments, addressing issues like carbon tax and deforestation regulations. Both sides will negotiate on goods, services, investment, and government procurement.

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SpiceJet aims for fleet of 100 by the end of 2026

CFO News

SpiceJet plans to expand its fleet to 100 aircraft by the end of 2026 after raising Rs 3,000 crore through new shares. The airline aims to capitalize on strong market demand and has resolved issues with lessors and manufacturers. It will focus on returning grounded planes to service and acquiring new ones.

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Index of labour demand, supply in book of job soon

CFO News

India is developing an Occupational Shortage Index (OSI) to map the demand and supply gap of workers in various occupations across states. The Ministry of Labour and Employment, in consultation with the International Labour Organisation, aims to facilitate employment generation and long-term labour market planning through this initiative.

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Vodafone Idea inks $3.6 billion gear deal with Nokia, Ericsson and Samsung

CFO News

While experts have termed the deal, which is the largest by any telco this year, as a significant step in terms of network capex, they feel that additional investments would be needed for Vi to get at par with its stronger rivals, especially after the Supreme Court rejected a curative petition seeking to recompute dues linked to adjusted gross revenue (AGR).

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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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Adani Airport Holdings expands lounge access with major debit, credit cards amid Dreamfolks disruption

CFO News

Adani Airport Holdings Ltd (AAHL) on Sunday said it was actively working with the banks to ensure a quick restoration of services at lounges at airports across the country and was accepting all major debit and credit cards from other access providers.

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Anil Ambani's Reliance Group starts transformation journey

CFO News

Anil Ambani's Reliance Group has announced significant debt reduction and new fund-raising plans, signaling a potential transformation. Reliance Infrastructure and Reliance Power have both seen their market capitalizations surge. The group aims to strengthen its financial position and invest in high-growth sectors, boosting investor confidence.

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GoM on GST rate rationalisation to meet on September 25 to discuss slab, rate tweaks

CFO News

The ministerial panel on GST rate rationalisation will meet on September 25 in Goa to discuss potential changes to tax slabs and rates. The six-member Group of Ministers, led by Bihar Deputy Chief Minister Samrat Chaudhary, is considering merging the 12 and 18 per cent tax slabs. Some states are cautious about making changes.

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Tata Sons gets big Rs 1,500 crore tax relief in years-old Docomo deal

CFO News

Tata Sons has received relief as the GST department's Adjudicating Authority dismissed a ₹1,500 crore GST demand related to a settlement with Docomo. The decision could set a precedent for arbitration cases. The department may still contest the ruling in the High Court.

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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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President Droupadi Murmu to inaugurate 16th ASOSAI on September 24

CFO News

"The President of India, Droupadi Murmu will inaugurate the prestigious 16th Assembly of the Asian Organisation of Supreme Audit Institutions (ASOSAI) here on September 24th, 2024," Comptroller and Auditor General (CAG) said in a release.

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Will RBI follow the US Fed in cutting rates?

CFO News

The RBI is anticipated to maintain its pause on rate cuts for the remainder of 2024, with an early reduction possibly in February 2025, experts say.

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India Inc’s class act: Biggies set to go to school

CFO News

Traditional Indian conglomerates like Adani, Reliance, L&T, Vedanta, and RPG are set to boost campus hiring for the class of 2025. This move comes as companies across sectors remain cautious on headcount addition. These companies aim to hire fresh graduates from top institutions to support their aggressive growth plans.

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Union Minister Piyush Goyal engages with industry leaders in Singapore, holds discussions to boost India's startups and infrastructure

CFO News

Union Minister for Commerce and Industry Piyush Goyal discussed about the robust growth of India's startup ecosystem with leading figures in Singapore and potential collaborations between both nations in key sectors.

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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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From US-India collaboration to a vision for Viksit Bharat: Key highlights from PM Modi’s speech in New York

CFO News

Prime Minister Narendra Modi addressed the Indian diaspora in New York, praising them as India's strongest brand ambassadors. He emphasized their role in connecting India and America, highlighting the diversity and unity of the Indian community abroad. Modi also thanked President Joe Biden for his invitation and acknowledged the deep ties between the two nations.

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Electronics manufacturers hope for stricter tariffs on China, return of Donald Trump

CFO News

Experts believe if the US toughened its stance on China, India would become a favourable base alongside Mexico and Vietnam due to its large labour base and the government’s policies to boost domestic manufacturing. A support package to build an electronics component and sub-assembly ecosystem is expected to be passed by the Cabinet later this year, strengthening India’s case to attract production shifting away from China.