Thu.Feb 29, 2024

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Fed’s key inflation measure rose in January, validating high-rate hold

CFO Dive

Policymakers have refrained from declaring sufficient progress in their fight against inflation, pushing back by several months market expectations for a rate cut.

Marketing 269
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U.S. Technology Adoption, 1900-2021

Barry Ritholtz

A century of tech adoption in 30 seconds click for animation Source: Blackrock The post U.S. Technology Adoption, 1900-2021 appeared first on The Big Picture.

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Chemours probes ‘tone at the top,’ puts CEO, CFO on leave

CFO Dive

The chemicals company said it is evaluating “potential material weaknesses” in its internal control over financial reporting. Its shares plunged 35% Thursday.

CFO 256
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Verjaringstermijn voor rechtsvorderingen tegen vennoten strijdig met art. 10 en 11 van de Grondwet

Corporate Finance Lab

In een arrest van 1 februari 2024 heeft het Grondwettelijk Hof geoordeeld dat het verschil in de verjaring van rechtsvorderingen ten aanzien van vennoten en ten aanzien van bestuurders de grondwettelijke gelijkheidgelijkheidstoets schendt. Achtergrond Krachtens art. 198, §1 eerste streepje W.Venn. (thans art. 2:143, §1, tweede streepje WVV) verjaren alle rechtsvorderingen tegen vennoten door verloop van vijf jaren, te rekenen van de bekendmaking hetzij van hun uittreding [1] hetzij van de akte v

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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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Clearing the tax ‘data swamp’: Thomson Reuters

CFO Dive

To keep pace with emerging tax requirements, organizations need to change their processes as well as their technologies, Thomson Reuters’ Ray Grove said.

More Trending

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Microsoft rolls out Copilot AI tool to finance teams

CFO Dive

The move is part of Microsoft’s effort to layer AI across its enterprise offerings, with the ambitious goal of impacting every role in the workplace.

Finance 216
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Paytm Payments Bank and Paytm to discontinue inter company agreements amid regulatory scrutiny

CFO News

Paytm Payments Bank has been instructed by the Reserve Bank of India to halt its basic banking services from March 16. Earlier this week, on Monday, Vijay Shekhar Sharma - the founder of Paytm - announced his resignation from the board of Payments Bank, which replaced its directors with new inductees, mostly from the banking and bureaucratic fraternity.

Banking 52
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Gartner: Finance leaders must look into change fatigue in project planning

Future CFO

As change is deemed as a permanent thing in this world, it is important that business leaders learn how to ride on to maximise benefits and opportunities and plan ahead for projects and initiatives. For this matter, Gartner found that finance employees are facing unprecedented levels of change and are becoming increasingly fatigued by it, creating a business risk that can drive down employee performance.

Finance 52
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Billionaire Adani Group’s refinancing risks ebb on earnings lift

CFO News

The group’s Ebitda, or earnings before interest, tax, depreciation and amortization rose more than 60% to 194.75 billion rupees ($2.3 billion) in the third quarter ended Dec. 31 with a bulk of that coming from the transport, infrastructure and energy units of the conglomerate. The group reported an Ebitda of $9.5 billion for the nine months to Dec. 31.

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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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The Mentoring Round | Jeff Woolard, CFO, Velocity Global

CFO Thought Leader

Inside The Mentoring Round, CFO Jeff Woolard shares an example from Intel where finance’s broad view helped realign the product roadmap with market demands, enhancing margins. Woolard advocates a structured decision-making process to navigate uncertainties effectively. He stresses the importance of not just operational efficiency but also actively seeking opportunities to enhance the firm’s value. 978: From Silicon Roots to Global Routes | Jeff Woolard, CFO, Velocity Global The post

CFO 52
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India's April-January fiscal deficit at Rs 11.03 lakh crore, narrows on-year to 63.6% of revised FY24 aim

CFO News

India's fiscal deficit for April to January, or the first 10 months of this fiscal year, was at 11.03 lakh crore rupees, equivalent to 63.6% of annual estimates, narrowing from the previous year's 67.8%. The government aims to narrow the fiscal gap to 5.8% of GDP in this financial year from 6.4% a year earlier.

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Latest Updates and Insights on SAP RISE and GROW

Bramasol

Last year's post " Overview of GROW and RISE with SAP " was one of the most popular and widely shared episodes in this blog series and so it is now time to take another visit to these topics. In this new post, we explore both the progress SAP has made with RISE and GROW evolution and a look at the exciting opportunities going forward. Quick Review of GROW and RISE with SAP The GROW and RISE initiatives both grew out of SAP's emphasis on helping customers migrate to more efficient, scalable and c

SAP 59
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Economy on a high growth trajectory due to sustained reforms: India Inc

CFO News

India's GDP growth in the October-December quarter of FY24 has surpassed expectations, driven by double-digit growth in manufacturing and strong performance in mining, quarrying, and construction sectors. The GDP growth was 4.3% in the October-December 2022 quarter, according to data from the National Statistical Office (NSO). The robust expansion came despite geopolitical flashpoints and is supported by structural reforms and improvements in business ease and cost.

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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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Auto industry to invest $7 bn in 5 years to deepen parts localisation

CFO News

The Indian auto industry is set to invest up to $7 billion by FY28 to deepen localisation of advanced components, including electric motors and automatic transmissions, to reduce imports and capitalize on multinationals' 'China Plus One' sourcing strategy. The Automotive Component Manufacturers Association (ACMA) reports that automakers and suppliers are likely to make this investment between FY24 and FY28.

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Premium segment to clock robust growth over 3-4 years: CK Venkataraman, MD, Titan

CFO News

“In the significant per-capita income shift that’s expected to happen in the next few years, the top-tier income segment numbers are expected to grow faster than those income segments which are lower,” said Venkataraman, winner of the ET Business Leader of the Year award.

Numbers 52
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PE-VC investments in startups dropped 11% yoy, deals fell by 33% in 2023: Report

CFO News

According to a latest report by EY India, the outlook for India's startup ecosystem remains positive despite the slowdown witnessed in 2023. The underlying strengths of the Indian economy, coupled with a robust founder-investor ecosystem, position the country favorably for future investments.

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India's GDP grows sharply at 8.4 per cent in Q3, FY24 estimate revised upwards to 7.6 per cent

CFO News

GDP Q3: An ET poll of 15 economists had expected the GDP to grow by 6.6 per cent in the third quarter. Forecasts varied from 6 per cent to 7.2 per cent for the quarter ended December. Meanwhile, the Reserve Bank of India (RBI) had estimated a growth rate of 6.5 per cent for the same period.

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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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Solid Q3 GDP data drives Sensex 600 points higher, Nifty above 22,150

CFO News

From the Sensex pack, Tata Steel, M&M, Tata Motors, Maruti, JSW Steel, and Power Grid opened with gains, while Sun Pharma, Infosys, Nestle India and HUL opened with cuts.

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