Wed.Oct 25, 2023

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Former Dow exec returns for CFO post

CFO Dive

The change comes as the chemical giant’s retiring CFO expects “challenging macroeconomic dynamics” to continue through the fourth quarter.

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Finance leaders’ digital transformation plan for next 5 years falls short on ambition: Survey

CFO News

Decision makers’ five-year plans and digital transformation ambitions appear to be equally restrained with investments in the coming year, says a Thomson Reuters survey

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Trending Sources

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Extracting Actionable Takeaways From The SEC’s Staff Bulletin Regarding An RIA’s Standard Of Care

Nerd's Eye View

There is a general understanding that investment advisers have a fiduciary relationship with their clients – in other words, that they are required to act in the client's best interests. But although this concept makes sense in the abstract, it isn't always clear what an adviser needs to do to fulfill their fiduciary duty in real-life situations.

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Kotak Mahindra Bank's new outsider CEO Ashok Vaswani seen as break from billionaire founder

CFO News

In a rare move for an Indian lender, Kotak went outside its own ranks with the selection of Ashok Vaswani as chief executive officer. Some senior managers were shocked and disappointed, as investment banker K.V.S Manian was seen as the front runner, according to people familiar with the matter. The bank’s board submitted both names for consideration and The Reserve Bank of India, which approves all senior bank appointments, chose Vaswani.

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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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Insolvencies in Asia to see moderate increase next year

Future CFO

Insolvencies in Asia are expected to see a moderate increase next year before stabilising in 2025, as a result of the weaker regional and global environment, said Allianz Trade recently. At the regional level, this would translate into a +5% y/y increase in 2024 and +3% in 2025, the trade credit insurer predicted. China has so far proved to be successful in maintaining a low number of insolvencies, the firm observed.

More Trending

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The CFOs' role in sustainability

Future CFO

Finance leaders are expected to keep up with the changing practices in businesses and enterprises globally, including the area of environment, social, and governance (ESG) framework. As organisations realign their focus with the principles of ESG framework, chief financial officers need to step up for sustainability even if this is considered as a non-financial performance indicator as ESG represents the sustainable and ethical impact of a company’s corporate financial interests.

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Diwali Bumper: A dozen IPOs set to light up Dalal Street soon

CFO News

While Cello World and Blue Jet Healthcare have already announced their IPO dates, companies such as Tata Technologies, Mamaearth, ASK Automotive, Protean eGov Technologies, Fedbank Financial Services, ESAF Small Finance Bank, Flair Writing Industries and Credo Brands Marketing, among others, are in the pipeline.

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Leveraging machine learning to detect financial fraud

Future CFO

Scams and frauds in banking are undeniably not a new thing anymore as fraudsters have found more ways to do crimes, given that phones and the Internet have served as medium for the unwanted to happen. With the rampant incidents of frauds and scams related to finance, machine learning can be leveraged to detect and prevent financial fraud, allowing a company or an organisation to respond in real-time.

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A hard look at divestment calendar: Govt may adopt a 'prudent selloff' approach

CFO News

The finance ministry is likely to adopt a "prudent selloff" approach now, one official told ET, adding there won't be "divestment for the sake of divestment anymore" and the government will remain mindful of the right price for its assets as well as the interests of investors.

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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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From CA to CFO: Navigating the competency framework

CFO Talks

The journey from a Chartered Accountant (CA) to a Chief Financial Officer (CFO) is a transformative one, requiring a shift from technical expertise to strategic leadership. The Certified Financial Officer (SA) designation offered by CIBA provides a comprehensive competency framework to guide this transition. This article delves into the details of this framework, highlighting the competencies required and the path to acquiring them.

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More independent directors get chair at high table

CFO News

Several large progressive-minded companies following good governance practices are also looking to send a message to investors about a transparent culture and mindset, experts said.

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • Jay Powell’s Greenspan moment : The Fed is increasingly concerned about “above-trend” growth. In the mid-1990s, Greenspan grappled with it, too, and wisely held off on raising rates. That’s the right move again today. ( Stay-At-Home Macro ) • The Gems Hiding in Plain Sight in the Treasury Market : Back in 1994, bonds with fabulous yields were there for the taking.

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JSW infra in talks to buy SP Group arm Gopalpur Ports for Rs 3,000 crore

CFO News

JSW Infrastructure is in discussions to acquire Gopalpur Ports, the ports arm of Shapoorji Pallonji, for an estimated enterprise value of 3,000 crore. The divestment is part of the Mistry family's commitments to lenders in loan covenants. JSW Infrastructure sees Gopalpur Ports as a strategic fit that complements its steel-making operations.

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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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Gensler says single platform of AI data may trigger financial turmoil

CFO Dive

While recognizing the transformative power of AI, Gensler said the technology will likely prompt “herding” in financial markets, creating instability.

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Nestle India stays keen on acquisitions, valuations key

CFO News

Nestle India is actively seeking acquisitions that align with its existing portfolio and meet valuation expectations, according to the company's managing director, Suresh Narayanan. The food manufacturer, known for brands such as Maggi noodles and KitKat chocolate, has expressed interest in acquiring Capital Foods. Narayanan also addressed competition from local rivals in categories such as noodles.

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Trump lawyers attack Cohen’s credibility following ‘reverse engineering’ testimony

CFO Dive

Adding to tension in the heated civil fraud trial proceedings Wednesday, the judge fined Donald Trump $10,000 for violating a limited gag order.

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Letters sent to affiliates of Deloitte, EY, KPMG, Grant Thornton, and two CA firms based in Ahmedabad; Adani Group says it complies with relevant accounting standards & laws

CFO News

The National Financial Reporting Authority (NFRA) has requested audit affiliates of Deloitte, EY, KPMG, Grant Thornton, and two Ahmedabad-based CA firms to provide information regarding their audit practices while auditing Adani companies. The Adani Group has stated that it has followed all relevant accounting standards and laws. NFRA has been monitoring the Big Four firms for the past 18 months as their affiliates audit most of the top listed companies in India.

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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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Understanding Investing Regime Change

Barry Ritholtz

Last week, I mentioned the quarterly conference calls I do for clients of RWM , which led to a broad discussion of Sentiment. I want to briefly discuss the fiscal regime change table I created for that call (above). The TLDR : For the past few decades, the United States’ economic policy has been one primarily driven by ultra-low rates. Beginning under Alan Greenspan, continuing through the terms of Ben Bernanke, Janet Yellen and now Jay Powell, low rates ruled everything around me.

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Supreme Court hauls up Sebi over show-cause after 10-year probe

CFO News

The Supreme Court has criticized the Securities and Exchange Board of India (Sebi) for issuing a show cause notice to a company ten years after conducting an investigation. The case involves the alleged misuse of funds raised through preferential allotment of shares by Alps Motor Finance. The court has directed Sebi to hold an inquiry into the delay and submit a report.

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Sebi launches fresh salvo to stop FPIs from manipulating stocks on D-Street

CFO News

A standard operating procedure (SOP) finalised by custodians of FPIs and the Securities and Exchange Board of India (Sebi) over the weekend has laid down the ground rules to stop the misuse of such overseas investment entities, two persons familiar with the subject told ET.

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Govt serves online gaming companies tax notices worth Rs 1 lakh crore

CFO News

Indian tax authorities have served notices worth about 1 trillion rupees ($12.

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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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Israel-Hamas war raises geopolitical risk premium but little implication on FY24 growth: Economists

CFO News

India needs to be watchful of downside risks in case the conflict escalates into a wider regional disturbance involving more countries in the GCC and West Asia, they caution.

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Polycab CFO says demand very strong but Israel-Hamas conflict a risk

CFO News

The manufacturer of cables and wires, Polycab India CFO shares with ETCFO how they are mitigating the challenges arising from geopolitical situations. Gandharv Tongia also reveal Polycab's capex strategy, demand outlook and top line growth target.

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