Sun.Dec 10, 2023

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Real yields are sliding lower with talk of a ‘Fed pivot’

Tips Watch

By David Enna, Tipswatch.com You can’t watch CNBC for more than 10 minutes without hearing some analyst predict the Federal Reserve will begin cutting interest rates in March 2024 … or May … or certainly by June.

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A CFO's Guide to Sustainable Reporting Implementation

Future CFO

As part of the journey to better sustainable reporting in 2024, a chief financial officer must understand how he or she can properly navigate around its implementation. This can be enabled by various factors, such as a good planning process , reliable technology, and people in the organisation. The Association of Chartered Certified Accountants enumerated the key elements for a successful sustainable reporting implementation.

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Mahindra’s Anish Shah takes over as FICCI President

CFO News

At the helm of FICCI, Anish Shah is joined by Harsha V Agarwal, Vice Chairman and Managing Director of Emami Ltd. Agarwal is one of the youngest second-generation leaders of the Rs. 35,000 crore Emami Group and a member of the strategic think-tank committee. He is the younger son of Mr Radhe Shyam Agarwal, Founder of Emami Group.

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Real Generative AI use cases: What should your organisation do?

Future CFO

When it comes to real generative AI use cases, the number of enterprises that are in the experimentation and expansion stages jumped from 62% to 71% between July and September 2023, said Forrester recently. That percentage growth represents one of the fastest mass adoption rates of a new technology in the enterprise, the firm noted. Success in real generative AI use cases requires full enterprise support and turning the technology’s friction points—BYOAI and coherent nonsense—into opportunities,

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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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Battery Swapping Policy: Why Indian startups do not want to standardise EV batteries

CFO News

The startups involved in battery swapping have accused that the proposed standards in the policy draft favour one particular industry player. Amid these accusations, there has been much back-and-forth, with one battery swapping company saying that at the last meeting of stakeholders, the ministry of heavy industries had assured everyone of juking the standardisation requirement.

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Loss due to Cyclone Michaung expected to be over Rs 11,000 crore

CFO News

K. E. Raghunathan said the estimate has been segregated into business loss due to production being stopped, machinery or asset loss and material loss. Raghunathan said the population in KTCC (Kanchipuram, Tiruvallur, Chennai and Chengalpattu districts) in Tamil Nadu alone is assumed to be 1.75 crore with over 3.50 lakh industries spread over 12 SIDCO/SIPCOT constructed industrial estates at Kakkalur, Thirumalisai, Gummidipoondi, Ambattur, Guindy, Thirumudiwakkom, Oragadam, Siruseri, Sriperumbudu

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The Difference Makers: Key Person(s) Valuation

Musings on Markets

Can one person make a difference to the value of a business? Of course, and with small businesses, especially those built around personal services (a doctor or plumber’s practice), it is part of the valuation process, where the key person is valued or at least priced and incorporated into valuation. While that effect tends to fade as businesses get larger, the tumult at Open AI, where the board dismissed Sam Altman as CEO, and then faced with an enterprise-wide meltdown, as capital providers and

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Over 63% of Indian taxpayers stick to old regime, says report

CFO News

A report by Policybazaar has revealed that more than 63% of taxpaying Indians are still on the old tax regime, compared to the 37% who have moved to the new one. The survey also found out that a third of the respondents had not done any calculations before choosing the tax regime.

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958: Entering the Home Fitness Connection Lane | Aina Konold, CFO, BowFlex

CFO Thought Leader

Among the industries on which the pandemic was most known to have afflicted an extra helping of earnings chaos, most business analysts agree that the home fitness market is perhaps most deserving of special mention. Indeed, few sectors logged steeper gains and more precipitous losses during COVID’s comings and goings than home fitness—and perhaps few demanded more reflexive, in-the-moment, decision-making inside the management cockpit.

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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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Cryptocurrencies and CBDC: The challenge of regulation and the potential for growth

CFO News

Compared to most countries, India imposes a high tax rate on cryptocurrency activities. There is a 30% tax on gains, surpassing rates for other investments like equities. There is also a 1% TDS, which all the crypto platforms are supposed to deduct from every trade.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Age of Doom: Social media has convinced us that everything is awful all the time For a huge number of young people climate change isn’t an issue that’s serious but solvable – it’s the end of human civilization. According a survey from The Lancet, more than half of young people think ‘humanity is doomed’ due to climate change.

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World growth likely to decline in 2024 even as US avoids recession, Fitch

CFO News

Fitch Ratings' Global Economic Outlook forecasts a decline in global growth to 2.1% in 2024 from the robust 2023 performance. While 2023 saw resilient growth fueled by China's consumption uptick and US resurgence, challenges like China's property slump, Eurozone stagnation, and monetary tightening could lead to this slowdown.

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RBI gets serious about connected lending, a concern that has been raised earlier as well

CFO News

India restricts corporate houses from owning banks, raising questions about their absence despite financial capabilities. Allowing them could foster 'connected lending,' granting preferential loans to connected parties. A 2020 RBI proposal advocated their entry, criticism centered on consolidating economic and political power.

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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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Adani firm raises offer for Lanco Amarkantak Power for second time

CFO News

Adani Power had offered Rs 3,650 crore, as reported by ET on November 2. The unsolicited offers are made almost 10-11 months after 95% of lenders voted for a plan by the Power Finance Corp (PFC) led consortium.

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FinMin to empanel merchant bankers, law firms for disinvestment via OFS, dribbling

CFO News

For empanelment for managing OFS transaction size of Rs 750 crore to Rs 2,000 crore (A+), and less than Rs 750 crore (A), the interested merchant banker would be required to have managed at least one capital market transaction of Rs 750 crore and Rs 500 crore respectively between April 2020 and till now.

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We will build, not burn, our way into the future, says Bajaj Auto MD Rajiv Bajaj

CFO News

"Over the last 20 years, Bajaj Auto has successfully executed two significant transformations - from being a scooter licensee to becoming a motorcycle innovator, and from being a domestic player to becoming a global powerhouse.

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Pre-pack scheme under IBC likely for large companies too

CFO News

As part of amendments to the IBC, the corporate affairs ministry will likely include the provision to extend the pre-packaged insolvency framework to large firms or introduce a similar "creditor-led resolution" mechanism for them, but only when it believes the time is right, a person told ET on condition of anonymity.

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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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Dunzo survival hinges on Reliance Retail commitment to funds

CFO News

An impasse after several rounds of discussions has left Dunzo’s other investors increasingly sceptical of its chances of survival in the absence of fresh funding soon, said multiple people briefed on the situation.

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RBI's unlikely to cut interest rates before June next year

CFO News

According to the latest projections provided by the RBI's Monetary Policy Committee, consumer price index inflation is seen at 4% in July-September and 4.7% in October-December of the next financial year. The central bank has repeatedly emphasized that it needs to see a durable return to 4% inflation before it can consider any change in its current tight policy.

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Global toy retailer Toys ‘R’ Us to start manufacturing in India from next year

CFO News

The company has expedited the process of manufacture in India as the Bureau of Indian Standards (BIS) has mandated that all electric and non-electric toys bear the ISI mark, and toys without an ISI mark are not permitted to be sold in the country. WHP Global is a brand management firm with a portfolio of consumer brands that generate over 6.5 billion USD in retail sales.

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ITC Next: How do you turn around an elephant and make it dance?

CFO News

​"The other piece in ITC Next was getting structural efficiencies out of the investments we had done on ICMLs (Integrated Consumer Goods and Logistics) facilities. So we integrated the warehouses and the factories and put in automated warehouses. It is now a seamless flow from the factory into the warehouses. Your layers of handling and transportation are reduced, so you bring in efficiencies there," Puri said.

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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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Global rate-cut standoff looms in 2023 policy finale

CFO News

Policymakers from fully half of the Group of 10 jurisdictions of most-traded currencies are scheduled to meet in the coming days, and interest rates for 60% of the world economy will be set in a whirlwind 60-hour window. Most notable will be the US Federal Reserve on Wednesday, followed on Thursday by central banks including those of the euro zone and the UK.