Fri.Jun 06, 2025

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OpenAI launches academy in India; to expand access to AI education

CFO News

According to ChatGPT maker OpenAI’s chief strategy officer, Jason Kwon, the government of India realises that to get the best returns from AI, large investments are needed to set up core infrastructure and develop advanced AI technologies.

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Prenuvo CFO hones strategic finance approach

CFO Dive

Having a skilled FP&A team is crucial to ensure a business can quickly identify sticking points and course-correct for future growth, Peloton alum Jill Woodworth said.

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Breaking Down the Adoption Journey of SAP Cloud ERP

Navigator SAP

So the premise sounds great: a single ERP solution that supports fast-growing businesses today and can also scale to meet the process complexity and transaction volumes of a Fortune 500 multinational tomorrow. This ERP is the gold standard, already used widely, and is supported by an army of third-party developers, consultants, and support organizations.

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Weekend Reading For Financial Planners (June 7–8)

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 report finds that the number of SEC-registered RIAs, the assets that they manage, and the number of clients they serve all increased between 2023 and 2024 and suggests the industry is robust across the size spectrum, with both smaller and mid-sized firms seeing growth (often pushing them into higher size brackets and/or from state to SEC registration) and re

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Shield AI remains on expansion track despite safety, tariff concerns, CFO says

CFO Dive

The company missed profit targets after a 2024 accident, but CFO Kingsley Afemikhe says it’s on track for expansion, with $100 million in European contracts and operations in Ukraine.

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More Trending

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Webinar: Instant Global Settlements: Blockchain in Action | July 10

Strategic Treasurer

Instant Global Settlements: Blockchain in Action July 10 | 2:00 PM EDT Register Now Date Thursday, July 10, 2025 Time 2:00 PM – 3:00 PM EDT Where This is an online event Speakers Sam Bizri, Zeconomy Craig Jeffery, Strategic Treasurer Sponsored By Hosted By Pending approval for up to 1.2 CTP/CCM and FPAC recertification credits by the Association for Financial Professionals.

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Report: M&A activity in Southeast Asia surges in Q1

Future CFO

M&A activity in Southeast Asia surges in the first quarter of 2025, as deal value grew by 296.1% quarter on quarter. This is the findings of a report by Speeda , revealing that the spike was largely attributable to large-scale restructuring of Indonesian state-owned enterprises (SOEs), which contributed a commanding 71.6% of total deal value. Government-led transactions, primarily in the finance, telecommunications, and industrial sectors, marked a strategic reallocation of assets under the

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BMO Survey: Affordability concerns challenge U.S. Latino homebuyers, but commitment remains strong

Bank of the West

Despite higher interest rates and ongoing affordability challenges, Latino families across the U.S. are staying committed to their dream of homeownership. According to BMO’s latest Latino Real Financial Progress Index, owning… Read more The post BMO Survey: Affordability concerns challenge U.S. Latino homebuyers, but commitment remains strong appeared first on About BMO.

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RBI’s big-bang policy approach has no room for incrementalism

CFO News

RBI Governor Sanjay Malhotra surprised markets with a larger-than-expected repo rate cut and a reduction in the cash reserve ratio (CRR). This move, defying economists' predictions, aims to bolster economic growth amidst global uncertainties like trade tariffs and inflation. Malhotra emphasized that while price stability is crucial, a supportive policy environment is equally vital for growth, especially during uncertain times.

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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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MiB: Bryon Lake, Goldman Sachs Asset Management’s Chief Transformation Officer

The Big Picture

 This week, I speak with Bryon Lake , Goldman Sachs Asset Management Chief Transformation Officer for the Client Solutions Group. He designs portfolio solutions and extend Goldman Sachs Asset Management’s suite of investment strategies to the world’s leading institutional investors and wealth management clients. Bryon started at PowerShares in the ETF industry eventually becoming head of International ETFs for Invesco.

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CFOs see pick up in investment cycle after RBI’s surprise interest rate cut

CFO News

The Chief Financial Officers (CFOs) said the decision is set to push consumption across sectors, which in turn boosts demand that gives confidence to faster decision making in deploying funds for capital expenditure. CFOs also stated that the rate cut move isn’t just good for private sector players — it benefits consumers, industry, and the broader economy.

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Five Below CFO exits as Q1 sales jump 20%

CFO Dive

Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows CFO industry news Let CFO Dives free newsletter keep you informed, straight from your inbox. Daily Dive M-F Tech Weekly Every Tuesday By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. Deep Dive Opinion Library Events Press Releases Topics Subscribe Search Subscribe Search Strategy & Operations Financial Reporting Compliance Technology Treasury Risk Management L

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Crypto trading in India: Could hamper financial stability, says RBI gov; no new Bill yet

CFO News

The Reserve Bank of India has reiterated its concerns regarding cryptocurrencies, emphasizing their potential to destabilize financial stability and monetary policy. While a government committee is reviewing the matter, the Supreme Court has urged the Centre to establish a clear regulatory framework. Currently, crypto assets are taxed but lack legal recognition in India.

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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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10 Friday (D-Day) Reads

The Big Picture

My end-of-week morning train plane reads: • Operation Spiderweb: a visual guide to Ukraine’s destruction of Russian aircraft. In a spectacular attack planned over 18 months, Ukrainian agents moved drones and explosives deep inside Russia to strike four airbases ( The Guardian ) • D-Day: 10 things you might not know about the Normandy invasion : On 6 June 1944, British, US and Canadian forces invaded the coast of Normandy in northern France.

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Fintech startup Decentro raises Rs 30 crore, will shift domicile to India

CFO News

Decentro, a fintech startup, secured Rs 30 crore in funding led by InfoEdge Ventures. The company intends to move its base from Singapore to India. This move aligns with other Indian startups returning home. Decentro aims to enhance its products and expand its enterprise adoption. They offer APIs for KYC, payments, and debt collection.

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RBI says fraud-hit IndusInd Bank doing well now

CFO News

RBI Governor Sanjay Malhotra stated that IndusInd Bank is recovering well after facing challenges, including accounting lapses. He considers the MD and CEO's resignation as sufficient accountability. The bank has addressed regulatory requirements and improved practices, with the RBI learning from the crisis to anticipate future issues. The bank's stock saw a positive response following the comments.

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Cryptocurrencies hamper financial stability: RBI

CFO News

RBI Governor Sanjay Malhotra expressed concerns about cryptocurrencies, citing potential risks to financial stability and monetary policy. While the Supreme Court urged the Centre to formulate clear regulations, India is currently developing a discussion paper on cryptocurrencies, with an inter-ministerial group examining global norms.

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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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Sebi attaches bank, demat, MF accounts of Mehul Choksi to recover Rs 2.1 cr dues

CFO News

Securities and Exchange Board of India has ordered attachment of bank accounts, shares, and mutual funds of Mehul Choksi. This is to recover dues of Rs 2.1 crore. Choksi violated insider trading rules in Gitanjali Gems shares. He failed to pay the fine imposed in January 2022. Choksi and Nirav Modi are accused of defrauding Punjab National Bank.

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Goldman funds $600 million equity for Coca-Cola India unit sale

CFO News

Goldman Sachs Asset Management has provided $600 million to Jubilant Bhartia Group through convertible preference shares, aiding their $1.5 billion acquisition of a 40% stake in Coca-Cola's Indian bottling unit. This investment, part of Goldman Sachs' private credit strategy, helps Jubilant avoid excessive debt while limiting equity dilution. Jubilant will fund the remaining amount through equity and debt.

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India’s forex reserves cover 96% of External Debt, fund 11% of Import Goods: RBI Governor

CFO News

At the RBI’s 55th Monetary Policy Committee (MPC) meeting, Governor Sanjay Malhotra stated that India’s external sector remains resilient despite a wider trade deficit in April, supported by strong services inflows and robust forex reserves. He also noted a 14% rise in Gross FDI in FY25, driven by liberalised FDI policies and sustained investor confidence.

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ICAI issues draft norms for overseas networking of CA firms

CFO News

​"These guidelines are meant to promote networking amongst one or more chartered accountant firm (s) registered with ICAI with networks or entities established and registered outside India in their respective jurisdiction," ICAI said on Friday while issuing the draft guidelines.

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How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies

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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L&T announces ₹500 crore ESG bond issuance

CFO News

Issued in partnership with HSBC, it is compliant with SEBI’s newly issued regulatory framework, which is designed to promote transparency, accountability, and alignment with international ESG standards.

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Cheaper home and car loans: India Inc gets a booster and fire power to drive growth

CFO News

Home, personal, and car loans tied to external benchmarks, such as the repo rate, will see an immediate downward reduction. However, loans tied to the marginal cost of funds-based lending rate (MCLR), like corporate exposures, will take longer to head lower. Policy action, Reserve Bank of India (RBI) Governor Sanjay Malhotra said, is geared toward boosting broader credit demand for which monetary support is a "necessary condition", although not sufficient.

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Home, auto loans to get cheap as RBI goes for steep rate cut

CFO News

With the latest reduction, the RBI has now cut interest rates by a total of 100 basis points in 2025, starting with a quarter-point reduction in Feb - the first cut since May 2020 - and another similar-sized cut in April.

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RBI has done all it can to stimulate growth

CFO News

The RBI Governor Sanjay Malhotra wants to assure certainty when the world economy is uncertain. “We believe in actions and not just making announcements,” he says.

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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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Infosys gets relief as DGGI closes Rs 32,403 crore GST notice

CFO News

Infosys has received closure from the DGGI on a GST demand notice of over Rs 30,000 crore, related to reverse-charge payments for services from overseas branches between 2017 and 2022. The company confirmed compliance with regulations and stated the matter is now resolved, following earlier responses to pre-show cause notices.

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New stats register soon to help gauge business outlook

CFO News

The ministry of statistics and programme implementation (MoSPI) will use the SBR to prepare business outlook/sentiment surveys, people aware of the details told ET.

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Amazon cuts more jobs: ‘As part of our ongoing work to make our teams …,’ says company

CFO News

Amazon is conducting another round of layoffs, this time impacting the Books division, including Goodreads and Kindle, affecting less than 100 employees. This move aligns with Amazon's strategy to streamline operations and improve efficiency, following recent cuts in other divisions. CEO Andy Jassy is actively reducing bureaucracy and emphasizing meritocracy within the company.

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