CFO News

NOVEMBER 19, 2023

Rajesh Jain highlights robust H1 FY24 performance and outlines strategic initiatives, including a Rs 500 crore self-funded capex plan for substantial growth.

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Marketing CFO Planning 105

Tips Watch

NOVEMBER 19, 2023

Note: The auction will close Tuesday at 1 p.m. because of the Thanksgiving holiday. By David Enna, Tipswatch.

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Investments 90

CFO News

NOVEMBER 19, 2023

India's economy has surpassed the $4 trillion-mark in nominal terms for the first time ever, marking a significant moment in the country's global presence. The achievement has been hailed by several BJP leaders, including Union minister Arjun Ram Meghwal and Maharashtra deputy chief minister Devendra Fadnavis, who praised the leadership of Prime Minister Modi.

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Leadership 98

CFO Thought Leader

NOVEMBER 19, 2023

When 21-year PwC veteran Mark McCaffrey decided that it was time to open his post-PwC career, he briefed the firm’s U.S leadership about his plans, diligently outlined 24 months of departure prep, and set aside an extra helping of patience. Two weeks later, he had a CFO job offer from publicly traded Internet domain company GoDaddy. “At the time, I thought that I’d have a couple of years to figure out what my next step was going to be,” recalls McCaffrey, whose 2021 CFO appointment was notable n

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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.

Accounting

Future CFO

NOVEMBER 19, 2023

Sustainability has been among the talk of the town in recent months, and investors have been pressing to understand how organisations incorporate this into their decision-making process, risk management, and financial statements. According to PricewaterhouseCoopers International 's Global Investor Survey 2023, the management of sustainability-related risks and opportunities has been seen as an important factor in decisions surrounding investments.

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Risk Management Investments Planning 52

Future CFO

NOVEMBER 19, 2023

There are several top M&A trends in 2004, according to advisory firm Gartner. These top M&A trends in 2024 include unlocking technology M&A opportunities amidst macroeconomic ambiguity; using artificial intelligence (AI) to improve M&A processes; acquiring AI-based businesses; and navigating an increasingly complex regulatory environment.

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Mergers and Acquisitions (M&A) Valuation Startups Technology 52

CFO News

NOVEMBER 19, 2023

The plea said by the order dated May 17, 2023, the apex court directed SEBI to submit its report till August 14, 2023. It said on August 25, 2023, SEBI filed the status report regarding its investigation stating that overall it has done 24 investigations, out of which 22 investigations have achieved finality and two are of interim nature.

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Future CFO

NOVEMBER 19, 2023

Companies must adapt and become learning organisations to thrive with GenAI. GenAI yields up to 30% productivity gains, but proper implementation is key to avoiding value loss. The post How can companies obtain tangible benefits from AI? appeared first on FutureCFO.

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Technology 52

CFO News

NOVEMBER 19, 2023

The Supreme Court, in 2012, upheld an order by the Securities and Exchange Board of India (Sebi), and directed group entities Sahara India Real Estate Corp and Sahara Housing Investment Corp to refund investors, with interest, depositing the funds with the capital markets regulator.

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Accounting Securities Investments Marketing 52

Advertiser: Paycor

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.

Future CFO

NOVEMBER 19, 2023

Listings for initial public offerings in Southeast Asia have seen a "healthy" count for the first 10 and a half months of 2023, according to data by professional services network Deloitte. Capital markets in the region recorded 153 IPOs and IPO market capitalisation, with companies raising around US$5.5 billion as at Nov. 15. However, despite the healthy number, the IPO amount raised was the lowest in eight years and is down from US$7.6 billion from 163 IPOs in the full year of 2022.

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Valuation Numbers Marketing CFO 52

CFO News

NOVEMBER 19, 2023

IDBI Bank hopes to recover about 15-18% from the portfolio sale, one of the people said. It has 631 accounts with principal loans of ₹4,000 crore. These include Daewoo Motors, Malvika Steel, Mardia Chemicals, Modi Rubbers, Precision Fasteners, Rajinder Steels, Steel Tubes of India, Surana Oil, Usha Ispat and Western India Shipyard. The distressed asset portfolio sale comes around the time when the promoters of the bank are preparing to sell a part of their stake.

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Banking Sales Accounting Planning 52

Barry Ritholtz

NOVEMBER 19, 2023

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Terror on repeat : A rare look at the devastation caused by AR-15 shootings ( Washington Post ) • Failure at the fence: How Israel’s vaunted ‘Iron Wall’ crumbled : Hamas exploited vulnerabilities created by Israel’s reliance on technology at the “Iron Wall” to carry out the deadliest single assault in Israel’s history.

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Startups Planning Technology Investments 52

CFO News

NOVEMBER 19, 2023

For televisions and appliances, the share of no-cost EMI scheme-led purchases shot up to 60-65% in metro markets while in upcountry locations, it was 40-45% this calendar year till Diwali. For smartphones, market tracker Counterpoint Research said the share of such transactions now accounts for 33% of all transactions, up from 28% last year, with brands offering no-cost EMI schemes for INR 10,000-plus smartphones this year as compared to the usual INR 20,000-plus.

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Sales Accounting Marketing 52

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.

Planning

CFO News

NOVEMBER 19, 2023

WeWork India, Smartworks, Awfis, Table Space and IndiQube - which contribute more than half of the domestic flexible workspace industry - are also looking to add 12 million sq ft in the next financial year even as SoftBank Group-backed startup WeWork filed for US bankruptcy protection earlier this month.

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Startups 52

CFO News

NOVEMBER 19, 2023

Apple is gearing up to cater to the festive demand in the US and the West starting this month, but due to global headwinds, consumption, including that of electronics, is down in the West, officials said. Around 70% of iPhones produced in India are exported. So far, Apple has exported ₹40,000 crore ($5 billion) worth of iPhones in the April to October period this fiscal.

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CFO News

NOVEMBER 19, 2023

​The tax research unit had classified polypropylene woven and non-woven bags including those laminated with biaxially oriented polypropylene under chapter 39 of customs tariff law, which deals with plastics and articles thereof, thus a higher duty at 15% rate was to be levied.

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CFO News

NOVEMBER 19, 2023

​​The flood of IPOs in this short period is unlikely to hurt liquidity in the main markets, said bankers. "The money from one issue may not be available for the other; but except for that, the broader market may not see any effect," said Satyen Shah, president, Nuvama Investment Banking and Fixed Income.

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Investments Banking Marketing 52

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

Finance

CFO News

NOVEMBER 19, 2023

Bengaluru has the highest number of women-led startups in India, followed by Mumbai and Delhi. However, the gender divide in the country's startup ecosystem is still prominent. Karnataka is the first state to provide a grant-in-aid of Rs 50 lakh to encourage women entrepreneurs. Funding for women-led companies has seen fluctuations over the years, with a decrease in 2023.

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CFO News

NOVEMBER 19, 2023

Amazon Business is the B2B offering of Amazon India that provides its business customers with access to products with a GST invoice allowing them to take input tax credit. These customers also get business-exclusive deals and quantity discounts on products, as per its website.

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Invoicing B2B 52

CFO News

NOVEMBER 19, 2023

During November 10-13, UCO Bank had observed, due to technical issues in IMPS, certain transaction(s) initiated by holders of other banks have resulted in credit to the account holders in UCO Bank without actual receipt of money from these banks.

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