Sun.Apr 16, 2023

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Thoughts on this week’s 5-year TIPS auction: It’s complicated

Tips Watch

By David Enna, Tipswatch.com The U.S. Treasury on Thursday will auction $21 billion of a new 5-year Treasury Inflation-Protected Security, CUSIP 91282CGW5. The coupon rate and real yield to maturity will be set by the auction results.

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Sustainability and ESG initiatives drive demand for finance execs in Hong Kong

Future CFO

Sustainability and ESG initiatives are driving strong demand in Hong Kong for experienced professionals in finance and accounting, risk & compliance, and office professionals and operation, said Hays recently. In 2022, organisations started to implement sustainability as a pivotal corporate development agenda and embedded ESG in connection with business activities to reshape recruitment strategies for talent, the recruitment agency observed.

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Trending Sources

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Crypto taxation in India: What NRIs needs to know

CFO News

India has clarified the tax implications of Virtual Digital Assets (VDAs), including cryptocurrencies and non-fungible tokens, brought under the definition of VDAs. The gains from the sale of VDAs may fall under either Capital Gains or Income from Business and Profession, while losses from one VDA cannot be used to offset gains from another VDA. The tax on gains from the transfer of VDAs will be at a special tax rate of 30%, with no exemption limit applicable.

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Metaverse and Web3 taxes come into focus

Future CFO

EY tax professionals explain the differences between the Metaverse and Web3 and how those developments are affecting taxes, both at the policy level and in the boardroom. The post Metaverse and Web3 taxes come into focus appeared first on FutureCFO.

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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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India is going to have solid economic growth: Indermit Gill, World Bank's chief economist

CFO News

"Fortunately for India, we are going to have solid economic growth. But it will not be nearly as solid as we might have expected if global conditions were more like what they were in the early 2000s. Countries like India did better fiscally (during the pandemic)," said World Bank chief economist and senior vice president for development economics, Indermit Gill.

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Inflation not at play in Asia; scale of Warburg Pincus' business in India will keep growing, says CEO Chip Kaye

CFO News

There are two really big differences in the global investing environment that are different from anything I have seen. The first is inflation, brought on to some degree by loose fiscal and monetary policy in the West, especially the US. And it has unleashed an inflation dynamic, which is something we have never really dealt with, for the last 40 years.

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7 Tips for Working with a Fractional CFO to Grow Your Business Value

Focus CFO

As a small business owner, you face many challenges when running your own company. Financial management is one of the most critical aspects of any business, but hiring a full-time CFO can be a costly and unrealistic expense for many small businesses. This is where Fractional CFOs, like those provided by FocusCFO, come in.

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Won’t forego margins for growth: TCS CEO-designate K Kirthivasan

CFO News

A Tata group veteran who has spent 34 years in the company, Krithivasan will focus on strengthening relationships with large customers who form a bulk of TCS' revenues, he told ET’s Romita Majumdar & Surabhi Agarwal in a wide-ranging interview.

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890: Driving the Internet Sharetaker | Christopher Halpin, CFO, IAC

CFO Thought Leader

In 2011, after Chris Halpin had rejoined his colleagues back at Providence Equity Partners’ New York offices at the completion of a 3-year stint in Hong Kong, he found himself being confronted by something he had rarely experienced before: boredom. “I had this kind of existential angst—that I didn’t want to die and have my obituary say that I had worked 40 years at Providence Equity,” recalls Halpin, who notes that it was at this point that he began to think about different operating

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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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TCS has managed to evolve and grow with minimum disruption in the industry: outgoing CEO Rajesh Gopinathan

CFO News

Speaking about his reaction to the reasons being attributed for his quitting, he said “TCS is the second largest listed IT firm in the world, this is a public role. So whatever you do will get scrutinised.

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Special Purpose Acquisition Companies: too Alternative to be an Alternative Investment Fund?

Corporate Finance Lab

While Special Purpose Acquisition Companies (SPACs) made a comeback to the American stock markets in 2020, Euronext Amsterdam became the SPAC champion on the old continent, with 16 SPAC listings ( FT, 17 February 2021 ). As we appear to be past the hype, burning legal questions to understand the legal landscape for alternative investment funds, and in particular European SPACs come to the fore.

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Coca-Cola set to buy minority stake in Thrive

CFO News

This will be Coca-Cola’s first investment in a startup in India, executives directly aware of the development said. Thrive, a platform set up by three entrepreneurs Dhruv Dewan, Karan Chechani and Krishi Fagwani in 2020, enables consumers to order food across restaurant partners. The platform has gained a large restaurant base because it charges one-fourth the commissions from restaurants compared with 18-25% charged by Zomato and Swiggy.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Harlan Crow Bought Property from Clarence Thomas. The Justice Didn’t Disclose the Deal. The transaction is the first known instance of money flowing from Crow to the Supreme Court justice. The sale netted the GOP megadonor two vacant lots and the house where Thomas’ mother was living. ( ProPublica ) • The Real-World Costs of the Digital Race for Bitcoin : Bitcoin mines cash in on electricity — by devourin

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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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Wadias look to shed stake or exit Go First

CFO News

Go First, which made its highest annual financial loss to date in FY22, has been tackling huge operational issues in the past few months as half of its aircraft have been grounded due to supply chain disruptions pertaining to Pratt & Whitney (P&W) jet engines.

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M&M recasts top management roles of auto business, readies for electric play

CFO News

The changes come at a time when Mahindra is bracing to pursue an aggressive EV strategy on the one hand - Mahindra expects electric models to make up between 20% and 30% of its total SUV sales by March 2027 and is struggling to meet demand for the newly launched SUVs amid supply chain challenges.

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Warburg Pincus, Kedaara in talks to acquire Watertec

CFO News

Watertec (India) Pvt Limited was set up in 1997 as a three-way joint venture among Coimbatore-based UMS Group, Watertec Malaysia and Sri Lanka-based South Asian Investments. It is the leader in the plastic bath fittings and accessories market. It sells bathroom fittings, accessories and sanitaryware across polymer, chrome-plated, and affordable luxury categories.

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NFRA imposes fine, bans auditors for 1 yr for misconduct in audit of DHFL branches

CFO News

As per the order, NFRA's investigation revealed that the appointment of none of the 33 branch auditors was approved at the Annual General Meeting (AGM) of DHFL, as required by the Companies Act.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Indian economy not falling behind, likely to grow at 6.5pc in FY24: Sanjeev Sanyal

CFO News

Indian economy will grow at around 6.5 per cent in the current fiscal and will continue to be the fastest-growing major economy in the world, notwithstanding a modest cut in growth projections by multilateral lending agencies, Sanjeev Sanyal said. Sanyal further said that given the uncertainties in the global economy, India's performance is clearly far ahead of any other comparable economy.

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Conducive policy and structural reforms have kept the Indian economy strong, says FM Nirmala Sitharaman

CFO News

The plenary discussed the priorities identified in IMF managing director Kristalina Georgieva's global policy agenda that seeks to address the complex challenges faced by the global economy, including the combination of weak growth and sticky inflation. Sitharaman is in the US to attend the annual spring meetings of the World Bank Group (WBG) and the IMF.

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WPI inflation eases to 1.34 per cent in March against 3.85 pc in February

CFO News

The decline in the rate of wholesale inflation in March is primarily contributed by fall in prices of basic metals, food products, textiles, non-food articles, minerals, rubber & plastic products, crude petroleum & natural gas and paper and paper products.

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TCS to continue investments in R&D, technology, offices spaces: CFO Samir Seksaria

CFO News

​​​The company's promise to continue with the normal wage hikes will hit the operating profit margins by a further 1.70-1.

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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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Rural inflation higher in FY23. Here's the data

CFO News

In nine states, where 60% of the country’s population resides, the combined inflation (rural and urban) was higher than the national average.

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SBI moves Supreme Court seeking clarity on 'personal hearing' verdict

CFO News

The bank said there is "apprehension that the defaulter borrowers may raise the question of personal hearing and may try to delay the adjudication in absence of specific time limit stipulated'. "They may now insist on (a) complete copy of the forensic auditor report, instead of relevant extracts," said the plea.

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India's Infosys tumbles 15% on weak revenue outlook, drags sector

CFO News

INFOSYS-India's Infosys tumbles 15% on weak revenue outlook, drags sector

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