Sun.Nov 26, 2023

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‘Rough ride’: 5 CFO tips for cutting insurance costs amid climate change

CFO Dive

CFOs facing more destructive weather and soaring insurance costs can take five steps to hold down premiums.

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LIC exploring possibility of setting up fintech arm: Chairman

CFO News

"Our objective is to get best in class digital initiatives for all our stakeholders, customers, intermediaries, marketing people and everybody through the project DIVE," LIC Chairman Siddhartha Mohanty said.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Richest 1% account for more carbon emissions than poorest 66%, report says : ‘Polluter elite’ are plundering the planet to point of destruction, says Oxfam after comprehensive study of climate inequality. ( The Guardian ) • How Osama bin Laden’s ‘Letter to America’ reached millions online : Videos citing the document had been viewed far less than many TikTok posts.

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954: The Job Became His for the Asking | Peter Benevides, CFO, Olo

CFO Thought Leader

When Peter Benevides joined Olo back in 2015, the provider of restaurant technology’s CFO office was vacant—as it would remain for the next 4 years, until he ultimately got the position thanks to a nod from the firm’s CEO and perhaps a sprinkling of magic dust from Olo board members and investors. Of course, things may have gone very differently for Benevides, as they so frequently do for many senior finance hires who, like Benevides, join fast-growing firms while knowing full well t

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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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A finance leader's guide on on-chain transactions

Future CFO

As technological advancements continue to dominate the business world, including the financial function, it is only fair that finance leaders must have a good grasp of the many principles surrounding technology. Among which are blockchain on-chain transactions. It is important that leaders in the financial function of an organisation understand the twists and turns in this technological advancement to be able to maximise its benefits and have it handy in the company's decision-making process ove

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More Trending

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Five key M&A trends for 2024

Future CFO

There are five key M&A trends for 2024 while AI would reignite the global market, said WT W recently. Historic levels of inflation, rising interest rates and geopolitical instability contributed to a slump in deal activity that bottomed out in the second quarter of 2023, the insurance advisory and brokerage service firm observed. Since then more dealmakers have returned to the negotiation table, with global deal completions increasing by 16% during July to September, according to research fr

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Tatas plan 2x expansion of its Hosur iPhone-casing unit

CFO News

At present, the Hosur unit, constructed at an investment of Rs 5,000 crore, is spread across 500 acres and employs more than 15,000 people. With the expanded unit, which could take about 12-18 months to be completed, the Hosur unit is likely to employ 25,000-28,000 people in one place, another source said.

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Spotlight on Malaysia 2023: Strengthening economic resilience anchored by robust growth momentum

Future CFO

Malaysia’s growth momentum is expected to be sustained this year by resilient domestic demand and stronger tourism recovery amid the global slowdown. This follows an exceptionally strong economic recovery last year. Inflation has moderated but remains elevated. The post Spotlight on Malaysia 2023: Strengthening economic resilience anchored by robust growth momentum appeared first on FutureCFO.

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Indian drug manufacturers benefit from Big Pharma interest beyond China

CFO News

China has for nearly 20 years been the preferred location for a range of pharmaceutical research and manufacturing services due to the low cost and speed offered by contract drugmakers there.

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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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PepsiCo India may name George Kovoor as president

CFO News

George Kovoor, senior vice-president and general manager, beverages at PepsiCo, has been in the current role since January 2022. He has had a three-decade long association with the maker of Pepsi and Mountain Dew fizzy drinks, Tropicana juices, Lays snacks and Doritos tortilla chips, in various leadership operating roles in Asia-Pacific, China and New York.

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Lava readies Rs 500-crore R&D, marketing plan

CFO News

Indian smartphone brand Lava plans to invest over ₹500 crore in research and development and marketing over the next two years. With a focus on '5G-fying' budget smartphones, the company aims for 100% year-on-year growth. Lava, which saw its revenue triple since its 2020 relaunch, intends to compete with Chinese rivals by enhancing R&D capabilities and brand presence, targeting a 100% growth rate for the next 3-4 years.

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'Core inflation may bottom out around 4%'

CFO News

Core inflation eased to 4.3% in October, according to official data. "Core inflation internals remain favourable with decline led by services inflation that is typically less volatile. But the scope for a meaningful and sustained fall in core may be limited unless growth softens materially," said Abhishek Upadhyay, senior vice president and economist, ICICI Securities PD.

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Invesco under Sebi lens for alleged violation of rules

CFO News

Sebi's notice reportedly served a couple of months ago, alleges a lack of segregation between the mutual fund and portfolio management service activities, questionable inter-scheme transfer of securities compromising investor interests, and the transfer of certain securities to offshore funds ahead of potential downgrades, two sources aware of the development said.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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Sebi OKs fractional ownership framework for realty assets

CFO News

Sebi had proposed to allow companies to delist by coming out with a fixed price for the repurchase of shares, instead of the existing reverse book-building mechanism where they decide on the price based on the sell orders submitted by shareholders.

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The big churn: More and more India Inc top bosses hitting exit button post Covid

CFO News

As many as 110 managing directors or chief executives who were also on the boards of NSE-listed companies quit in the first 10 months of 2023, as per data compiled for ET by primeinfobase.com.

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Banks want boards kept out of loan renewals in 'related party' cases

CFO News

Lenders want the regulator to tweak the age-old rule. "We have told the Reserve Bank of India (RBI) to modify the regulation so bank boards are not involved in proposals on renewal of loans when there is a 'related party' issue," a senior banker told ET.

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Generative AI a bigger threat to select white-collar jobs

CFO News

In India, Gen AI could be deployed to handle around 30% or more of the time spent on tasks involved in the working week of some white-collar roles. In comparison, in many cases, less than 1% of a blue-collar worker's job in a working week could be done by GenAI, the report says.

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Finding “The One:” The Ultimate Guide to Selecting Financial Software

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

As finance and accounting practitioners, you are expected to complete daily operations as well as to manage next generation tools and resources to support a business that is growing in complexity. Having the right software can be critical in juggling and meeting those high expectations. The path to the right software, however, is paved with challenging decisions.

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Inflationary woes slow down Parle's growth in FY23

CFO News

The biscuit maker posted net sales of Rs 17,223 crore while profit more-than-trebled to Rs 905 crore in the year ended March. A year ago, it had sales of Rs 16,490 crore and profit of Rs 255 crore, according to the company's latest filing to the Registrar of Companies. In FY22, the 90-year-old company crossed $2 billion in annual revenues, becoming the first packaged food company in India to breach the mark with the eponymous glucose biscuit brand breaching the billion-dollar sales mark.

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