Fri.Jun 28, 2024

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How SAP Cloud Integrations Drive Smarter Decisions

Navigator SAP

The BTP Integration Suite comes with pre-built integrations managed and updated by SAP for commonly needed cloud applications.

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Commercial property vacancy rate to peak in 2026 at 24%: Moody’s

CFO Dive

“The preference of many employees to work from home cannot be overlooked,” Moody’s economists said.

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Weekend Reading For Financial Planners (June 29-30)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent study found that at a time when the number of SEC-registered broker-dealers and their registered representatives is declining, the number of SEC-registered RIAs, their assets under management, and the number of clients they serve all grew in 2023, reflecting the attractiveness of the RIA model to both advisors and clients alike and the ability for firms acro

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Enterprise cloud storage spend to double by 2028 as AI ramps up

CFO Dive

AWS dominated the segment with a 30% share of the nearly $60 billion market last year, according to Omdia’s analysis.

Marketing 130
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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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Sebi for mandatory disclosure of risk-adjusted return by MFs

CFO News

" it is felt that the risk adjusted return (RAR) of a scheme portfolio represents a more holistic measure of the scheme's performance because it quantifies the amount of return generated by a mutual fund scheme for each unit of risk taken to achieve that return," Sebi said in a discussion paper.

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The Key to Achieving Accurate 3-Year and 5-Year Forecasts

Lime Light

Financial forecasting software is making it so that the CFOs of today can accurately project out the financial realities of tomorrow (and tomorrow’s tomorrow). Taking advantage of the best financial forecasting software in today’s market is critical to establishing a strong, data-backed financial future for your organization.

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Hyundai Motor, labour union agree to hire 1,100 new plant workers by 2026

CFO News

Hyundai Motor and its labour union on Friday reached an agreement to hire 1,100 new manufacturing workers by 2026.

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The Key to Achieving Accurate 3-Year and 5-Year Forecasts

Lime Light

Financial forecasting software is making it so that the CFOs of today can accurately project out the financial realities of tomorrow (and tomorrow’s tomorrow). Taking advantage of the best financial forecasting software in today’s market is critical to establishing a strong, data-backed financial future for your organization.

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Centre okays Rs 700 crore to set up institutes of pharma, medical technology

CFO News

The Central government has earmarked Rs 700 crore to set up centres of excellence at the National Institutes of Pharmaceutical, Education & Research (NIPER) over the next five years to boost pharma and medical technology in the country.

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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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MNCs in India fret as US yet to ratify global tax deal

CFO News

Tax experts say the international tax treaty, which Republicans strongly oppose and requires a two-thirds majority in the US Senate to pass, faces significant challenges. Without US ratification, meeting the OECD tax deal's implementation conditions to reshape the global tax system becomes extremely difficult. The international tax treaty's implementation needs acceptance by 30 jurisdictions and the inclusion of the headquarters jurisdictions of at least 60% of the most profitable multinationals

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India's GDP growth to slow modestly this fiscal year and next: Reuters poll

CFO News

The forecasts are broadly unchanged from those made before the outcome of an election Prime Minister Narendra Modi was widely expected to win easily. Instead, the BJP lost its sizeable parliamentary majority for its historic third term.

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Man arrested in Rs 10,000 cr GST fraud case after nine months on the run

CFO News

A 31-year-old man, Babar Khan, evading police for nine months, was arrested in connection with a Rs 10,000-crore GST fraud across India. Khan allegedly set up fake firms using stolen or forged ID cards to fraudulently claim input tax credit. Noida police initially busted the gang last year, which operated by registering thousands of companies under false identities to generate e-way bills and claim government benefits.

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High taxes, selective bans drive 30% growth in illegal online gambling in India, says study

CFO News

The illegal betting market, already thriving in India, is expected to grow by 30% in the coming years, as per a new study. Inadequate legal frameworks, selective banning, and high taxation on legitimate online gaming platforms seem to be key factors contributing to this trend.

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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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Financial sector strong but RBI watchful of emerging risks, says RBI Governor Das

CFO News

RBI's financial stability report underscores the importance of governance, Basel III norms compliance, and maintaining high CET1 ratios for banks. Monitoring GNPA ratios of public, private, and foreign banks essential for financial system stability and resilience.

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76% of companies improved their cyber defenses to qualify for cyber insurance, Sophos Survey finds

CFO News

Sophos' report on Cyber Insurance and Cyber Defenses underscores the importance of comprehensive defense strategies beyond insurance coverage, with global insights and sector-specific data to guide effective risk mitigation.

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Banks told to stay vigilant amid intel on cyberattack threat

CFO News

Apart from continuously checking network activities and server logs to detect malicious intrusions, banks will have to monitor critical payment systems such as SWIFT (the messaging system to confirm cross-border fund transfers), card network (which facilitates card payments), the online local fund transfer frameworks RTGS, NEFT and UPI, the real-time payment system.

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ITC packs a punch, beats Britannia in foods business

CFO News

ITC's foods business posted consolidated sales of Rs 17,194.5 crore for the fiscal year ended March 31, 2024, the company that owns brands such as Aashirvaad atta, Bingo potato chips and Sunfeast biscuits in the segment said in its latest annual report. This comprised both domestic sales and exports.

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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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HSBC taps metaverse to win business from India’s rich diaspora

CFO News

HSBC expands offerings for India's affluent diaspora through a virtual bank in GIFT City, leveraging the metaverse. The bank aims to capture a share of the $112.5 billion remittances to India from non-residents. With the hiring of a UBS executive, HSBC eyes the potential $5.5 trillion wealth management industry in India by 2025.

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India set for more global attention as bond inclusion begins

CFO News

India's government bonds enter JPMorgan's index, attracting billions in inflows, driven by positive economic indicators, high yields, and market performance, positioning India as a top choice for global investors.

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Stanley Lifestyles to double business in next four years; expand in major metros: CMD

CFO News

Stanley Lifestyles, a luxury furniture maker, focuses on major metros and aims to double business by localizing raw material production through European joint ventures, reducing import dependency.

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Healthcare sector demands incentives and increased allocations in upcoming Budget

CFO News

"Prime Minister wanted 3,000 hospitals in the tier 3 towns with 100 bed which has not happened. So, we want government should incentivise private sector in terms of cheaper electricity, cheaper land, affordable loan and single window clearences so that these hospitals can be set up," Association of Healthcare Providers of India (AHPI) DG Girdhar Gyani said.

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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.

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Sebi plans to cut red tape for global funds buying its bonds

CFO News

Sebi is keen to eliminate many of its information requirements — such as disclosure of investor group and beneficial ownership — as these serve to regulate equity and corporate debt investors. Information required by the RBI and revenue departments would remain unchanged.

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Financial sector strong but RBI watchful of emerging risks, says RBI Governor Das

CFO News

RBI's financial stability report underscores the importance of governance, Basel III norms compliance, and maintaining high CET1 ratios for banks. Monitoring GNPA ratios of public, private, and foreign banks essential for financial system stability and resilience.

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Adani Defence & Aerospace signs pact with Thales to manufacture 70mm rockets in India

CFO News

The pact aims to establish a global platform leveraging the defence and aerospace capabilities of both companies to bring together their respective product portfolios and cater to the requirements of global and local customers.

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Aircraft delivery delays having 'brutal' impact on Lufthansa, says CEO

CFO News

LUFTHANSA-DELIVERIES/Aircraft delivery delays having 'brutal' impact on Lufthansa, says CEO

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.