Barry Ritholtz
JULY 2, 2023
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Military Recruiting Crisis: Even Veterans Don’t Want Their Children to Join : Pentagon scrambles to retain the main pipeline for new service members as disillusioned families steer young people away. ( Wall Street Journal ) • Middle America’s ‘doom loop’ Work from home is crushing Midwestern downtowns ( Business Insider ) see also St.
CFO News
JULY 2, 2023
S&P Global India survey showed that higher prices for labour and some raw materials led to increased input costs in June but the rate of inflation was only minutely higher from May and below the long-run average.
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Tips Watch
JULY 2, 2023
By David Enna, Tipswatch.com If you watch any news programming on television, you’ve seen annoying ads for Medicare Advantage running year round. “$0 monthly premiums!” “More benefits!” “Call to see if you qualify!
Future CFO
JULY 2, 2023
Technology spending in Asia Pacific will remain robust and grow by 5.8% to hit US$732 billion in 2023, said Forrester recently. According to Forrester’s Asia Pacific Tech Market Forecast, 74% of growth will come from software and services as cloud adoption in the region increases. In addition, software spending will continue to rise at a compound annual growth rate of 10.3% through 2027.
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.
CFO News
JULY 2, 2023
CBIC is planning to use geotagging for verification in the Goods and Services Tax (GST) registration process. This move aims to prevent the creation of fake office spaces for verification purposes. The CBIC is also considering biometric authentication for suspicious or risky registrations. The board has already initiated a pilot program in some states, and if successful, the report may be submitted to the GST Council for approval.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO News
JULY 2, 2023
Globally, too, there is a shortage of green skills jobs - an OECD (Organisation for Economic Cooperation and Development) report in March found that "a green skills shortage across the OECD is holding back growth in sustainable development jobs and could jeopardise the race to reach net zero by 2050"
CFO Thought Leader
JULY 2, 2023
Among global management consulting firms, Boston Consulting Group—long recognized as one of the world’s top three “strategy houses” (along with McKinsey and Bain)—has remained an attractive early career chapter for many executives who wish to accelerate their learning by consulting to senior corporate leaders. Such was the path taken by Sapna Kapur, who in 2007—after 4 years with Kurt Salmon and then 4 with BCG—exited management consulting in search of a corporate operations role that would allo
CFO News
JULY 2, 2023
The Ministry of Corporate Affairs (MCA) has highlighted the limited impact of corporate social responsibility (CSR) initiatives in India, despite a significant increase in spending. According to the MCA, CSR spending stood at Rs 26,210 crore in FY21, a growth of 80% since FY16. However, the impact of these funds is not widely felt, and there is a need to enhance their visibility and effectiveness.
CFO News
JULY 2, 2023
The Delhi High Court has put a stop to the Income-Tax Department's reassessment proceedings into the investment made by private equity firm Creations Investment LLC. The department had questioned the firm's investment in Vivitri Capital and initiated reassessment proceedings claiming that the investment was income that had escaped assessment.
Advertiser: Paycor
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CFO News
JULY 2, 2023
The crypto market shows signs of revival in the first half of 2023, driven predominantly by a resurgent Bitcoin, which has jumped more than 80% in 2023 and the overall crypto market is now touching $1.19 trillion.
CFO News
JULY 2, 2023
Sebi has undertaken many initiatives, including reduction in the perpetual lock-in requirement for the sponsor to align it with those applicable for IPOs and flexibility for change in REITs and InvITs’ sponsors.
CFO News
JULY 2, 2023
Saturday was the first day that the merger was effective, after boards HDFC and the bank approved merger after all regulatory approvals. As a result of the merger, HDFC Bank will now be the fourth most valuable bank in the world. It will only be the second largest bank in India by far with a loan book of more than Rs 22 lakh crore.
CFO News
JULY 2, 2023
The Central Board of Indirect Taxes and Customs (CBIC) in India is planning to introduce biometric authentication and geo-tagging in an effort to crack down on GST fraud. The biometric authentication will be used to verify the identities of individuals connected to businesses that are suspected of fraudulent activity. The CBIC chief, Vivek Johri, said that there are around 12,500 bogus entities that have been identified as claiming fake Input Tax Credit (ITC).
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.
CFO News
JULY 2, 2023
Retailers are offering discounts of up to 75% in an attempt to boost sales during end of season sales (EOSS). However, concerns are rising as business levels are still lower than last year. Brands such as Shoppers Stop, Reliance Trends, Lifestyle, Pantaloons, VMART, Max, and Westside have started their sales earlier this year, with a decline in revenue of 5-15% YoY.
CFO News
JULY 2, 2023
Indian brands like Micromax, Lava and others have a tall task ahead. "They (Indian brands) lack financial wherewithal and technological fundamentals and are dependent on global supply chains for manufacturing phones, and don't have volumes to bargain with global supply chains," said Faisal Kawoosa, founder of market research firm Techarc.
CFO News
JULY 2, 2023
Of the total 504.1 million units of wearables forecast to be shipped worldwide this year, India is expected to account for 130-135 million, or around 26%, as per market research firm IDC India. Last year, India had shipped around 100 million units of wearables - behind China and North America - making up nearly a fifth of the 492-million-unit global shipments,IDC said.
CFO News
JULY 2, 2023
India's growth is expected to slow down in the second half of the year, in line with the deceleration of the global economy. However, this slowdown is necessary to maintain macroeconomic and financial stability. The government's fiscal deficit target and India's large foreign exchange reserves should help to support macroeconomic stability.
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
CFO News
JULY 2, 2023
According to Sebi's new regulations, FPIs - other than sovereign funds, pension funds and public retail funds - having more than 50% of their equity assets under management in a single corporate group or with total equity exposure of ₹25,000 crore or more would have to share the identities of their ultimate beneficial owners (UBOs) who are the last natural persons behind the multiple vehicles in an FPI structure.
CFO News
JULY 2, 2023
The commerce ministry has called a meeting of exporters on Monday to take stock of the situation, as the country's outbound shipments have been contracting for the last four months, an official said. Exporters are expected to flag issues like extending greater support to participate in global exhibitions and fairs; expediting negotiations to conclude free trade agreements with the UK, Canada, Israel and GCC (Gulf Cooperation Council); and allowing industry double weighted deduction on salary to
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