Sun.Oct 08, 2023

article thumbnail

10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • No Virginia, There Really Is No Such Thing as “the Fed” “The Fed” is actually “the Federal Reserve System,” which consists of twelve private regional reserve banks and a federal government agency called the Board of Governors of the Federal Reserve System.

article thumbnail

The I Bond’s fixed rate will rise. But by how much?

Tips Watch

By David Enna, Tipswatch.com It’s clear to me that Treasury will increase the fixed rate on the U.S. Series I Bond at the November 1 reset. This is an easy call. But how high can it go?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Barry interviews Michael Lewis

The Reformed Broker

My partner Barry Ritholtz speaks to Michael Lewis, whose latest book is “Going Infinite: The Rise and Fall of a New Tycoon,” on FTX founder Sam Bankman-Fried. Lewis has been the subject of a massive uproar on social media for the way his book portrays SBF and the way he’s spoken about his subject during the promotion tour, specifically on ’60 Minutes’ last Sunday.

article thumbnail

940: All the Moving Parts | Michael Linford, CFO, Affirm

CFO Thought Leader

For those executives residing inside the private equity and investment banking realms who aspire to someday occupy the CFO office, it’s not uncommon to seek out an “operator’s role”—one that allows recruiters “to check the box” and confidently present a leadership candidate (operations credentials intact) to a company’s management team or board members.

CFO 52
article thumbnail

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.

article thumbnail

This Week on TRB

The Reformed Broker

And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. These are the most read posts on the site this week, in case you missed it: . The post This Week on TRB appeared first on The Reformed Broker.

60

More Trending

article thumbnail

Business activity picks up greater pace in July-Sept

CFO News

The Confederation of Indian Industry's Business Confidence Index showed that two-thirds of the respondents believed that sales and new orders rose faster in the second quarter of the ongoing financial year compared with the previous quarter, whereas more than half expected capacity utilisation to average 75-100% - five percentage points higher than the previous quarter.

Sales 52
article thumbnail

IFRS 17 challenges: Disrupting business as usual

Future CFO

One of the major IFRS 17 challenges is that it’s disrupting business as usual for insurers. According to a WTW IRS 17 survey, there are major post-implementation challenges that insurers still need to overcome after reporting their half-year 2023 results under IFRS 17 for the first time. The survey was conducted during June to August 2023, having collected responses from 235 insurers, including 25 large multinationals from different regions including Asia Pacific.

IFRS 52
article thumbnail

Reliance General Insurance gets Rs 922-cr show cause notice by GST authority

CFO News

Reliance General Insurance Company (RGIC) has received multiple show cause notices from the Directorate General of GST Intelligence, amounting to Rs 922.58 crore. The notices are for GST demands on revenue generated from services like re-insurance and co-insurance. The company's auditors will have to provide for this amount as a contingent liability in its quarterly results.

52
article thumbnail

What is sustainability assurance?

Future CFO

IFAC Board Member Margrét Pétursdóttir discusses the important role professional accountants play in understanding the accuracy of non-financial information, with a particular focus on sustainability matters. The post What is sustainability assurance? appeared first on FutureCFO.

article thumbnail

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.

article thumbnail

NBFCs may post up to 30% profit rise on strong loan growth

CFO News

Non-banking finance companies (NBFCs) in India are expected to report a 20-30% growth in net profit for the second quarter, driven by strong loan disbursements. However, margins may be under pressure due to a rise in the cost of funds. Analysts expect consumer-facing sectors like microfinance, consumer durable and vehicle loans to lead growth, while affordable housing and gold-loan companies may lag behind.

Finance 52
article thumbnail

Quick Take: Crain’s Chicago Interviews E78 CEO, John Signa

E78 Partners

E78 Partners Founder and CEO, John Signa sat down with Crain’s Chicago to talk about budgeting and planning season and how E78 can support organizations, how technology plays an important role with forecasting and budgeting, what differentiates E78 from other organizations, a successful business case where E78 significantly impacted the bottom line, and more.

article thumbnail

Kotak Fund to invest ?1,600 crore in Nimmagadda Prasad's API business

CFO News

Kotak Strategic Situations Fund (KSSF) plans to invest around ₹1,600 crore in the active pharmaceutical ingredients (API) business acquired by Nimmagadda Prasad. The fund will support the acquisition through a $200 million funding, provided through a mix of structured debt and equity. Deutsche Bank and DBS have also reportedly financed the acquisition.

article thumbnail

7 Best Budgeting Software for Small Businesses

The Finance Weekly

Managing a small business comes with many challenges. To handle these challenges well, it's crucial to plan carefully and use efficient tools for managing finances. Budgeting software can greatly help by , automating financial tasks , making processes more efficient, and leading the business toward long-term success. Various software choices come with unique features, interfaces, and prices.

article thumbnail

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.

article thumbnail

Cabinet committee OKs appointment of 12 EDs for various PSBs

CFO News

Secretariat of the ACC has given its nod for the appointment of 12 Executive Directors of various public sector banks (PSBs) including Canara Bank, UCO Bank, Indian Bank, BoB, PNB and more.

Banking 52
article thumbnail

IIFCL approves loans worth Rs 8,800 cr to boost civil aviation infra

CFO News

India Infrastructure Finance Company Limited (IIFCL) has approved loans amounting to Rs 8,800 crore for the development of airports and civil aviation infrastructure in India. The IIFCL, which has already sanctioned loans of around Rs 4,000 crore, plays a significant role in financing airport projects in the country. With increasing investments from both the government and private sector, India's airport sector has witnessed massive growth in recent years.

Finance 52
article thumbnail

SSPL eyes to increase its market share in smart TVs segment to 8 pc by FY 2025 end

CFO News

Last fiscal, the company which clocked Rs 700 crore in revenue, is eyeing to clock Rs 900 crore - Rs 1,000 crore this fiscal and plans to take it to Rs 1,800 crore - Rs 2,000 crore by the next fiscal end.

article thumbnail

GST Council likely to clarify premium on life insurance

CFO News

The GST Council will provide clarity on input tax credit for life insurers, following a demand on Life Insurance Corporation (LIC). The issue arises from the complication of GST being levied on only a portion of traditional life policies or endowment plans. The input tax credit claimed on the exempted portion of the premium is being questioned by tax authorities.

article thumbnail

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

article thumbnail

Staffing companies say festive season will create 20 per cent more jobs this year

CFO News

As the festive season approaches, there is a surge in hiring across various industries in India. Sectors such as retail, logistics, e-commerce, travel & hospitality, and BFSI are experiencing a significant increase in hiring, with a focus on roles like sales representatives, customer service representatives, technical operators, recruiters, pickers, and packers.

Sales 52
article thumbnail

Boost for green energy: India's Rs 400 crore plan for green hydrogen unveiled

CFO News

The roadmap emphasizes the development of materials, technologies, and infrastructure that can enhance the efficiency, reliability, and cost-effectiveness of green hydrogen production, storage, and transportation.

article thumbnail

Staggered investment in gilt funds may help beat inflation

CFO News

Gilt Funds: Financial planners prefer G-sec funds over corporate bond funds given the low spread between AAA-rated bonds and G-secs.

article thumbnail

Israel-Palestine War: Brace for sharp swing in equities on heightened geopolitical risks

CFO News

Stocks in Israel and the Middle East dropped on Sunday in response to the heightened tensions in the region. Israel equities plunged 5.8% at the time of going to print. Saudi Arabia was down 1.7%, while Kuwait and Qatar markets were trading weak.

article thumbnail

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.