Sun.Jan 08, 2023

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Where Is Tech Going in 2023?

CFO News Room

Looking ahead is always a tricky business. While the turn of the year presents an opportunity to take a fresh look at your strategy and plan where to focus your energies, it can be hard to sort real trends from hype. This is especially true when it comes to tech. Think about this time last year, and the excitement around NFTs, crypto, and the metaverse.

Budgeting 130
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How India Inc CFOs will spend on IT in 2023

CFO News

Finance heads will continue to increase their spending in key segments of information technology next year as digitalisation stays a strong investment theme for the Indian industry.

Finance 98
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Trending Sources

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The Twitter Files: Lenin Would Be Proud

CFO News Room

“ The vast majority of commercial and industrial establishments are now working not for the free market but for the government.” V.I. Lenin, State and Revolution; 1917. This Lenin quote leapt to mind amid the recent revelations coming from the “Twitter files” and exposed over the past several weeks. Among other disclosures, the files revealed direct lines of communication between government agencies, including the FBI and Department of Defense, and the social media company. .

Economics 130
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Norway’s Climate Investment Fund and KLP invest in Indian transmission sector

CFO News

In partnership with the ReNew Power, one of the largest renewable energy independent power producers (IPPs) in India and globally, Norfund and KLP will invest around 900 million INR (109 million NOK) for 49% ownership stake in ReNew’s transmission project in the Koppal district in Karnataka, with ambitions for further joint investments.

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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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World Wrestling Entertainment, Bed Bath & Beyond, Tesla, Costco

CFO News Room

Chief Brand Officer and TV Personality of WWE, Stephanie McMahon delivers her keynote address at the opening of Sports Matters in conjunction with All That Matters 2016 in Singapore on September 14, 2016. Roslan Rahman | AFP | Getty Images. Check out the companies making headlines in premarket trading. World Wrestling Entertainment — Shares advanced 9.7% after Vince McMahon elected himself executive chairman of the company despite retiring last year due to a sexual misconduct scandal.

More Trending

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1994 Porsche 911 Turbo S 3.6

Barry Ritholtz

This is about as nice of an example of a vintage 1990s-era 911 Turbo as you will find — but let’s get this out of the way up front: It sold last month for an eye-popping $1,265,000. That is quite an increase from the 1994 dealer selling price of $126,360. Why does a 30-year-old Porsche command 7 figures? As best as I can tell, the combination of rarity, conditions, ultra-low miles, and options made this a bit of a one-off for collectors.

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CFOs: Top nine workplace predictions you must address

Future CFO

There are top nine workplace predictions that business leaders must address in 2023 and beyond to successfully navigate today’s labor market and continue to drive business outcomes, said Gartner recently. According to the advisory firm, the top nine workplace predictions are as follows. “Quiet hiring” will create new avenues to snag in-demand talent Despite worries about a forthcoming recession and some layoff announcements, Gartner benchmarking data shows that a majority of HR leaders still exp

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Ease of doing business is not just Centre's responsibility alone, says FM Nirmala Sitharaman

CFO News

Finance minister, who was speaking at an event in Kota, had a word of advice for aspiring entrepreneurs. She said they should be ready to take risks and at the same time not shy away from closing down if the venture is not working.

Finance 52
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DIY Automation Quick Study Video 4: Low code / no code tools for automation

Future CFO

A continuing challenge for FP&A is getting our data in in the right place and in the right format so that we can work on it! Erik DeMar shares an example of how low-code/no-code tools can help you to link data sources and uses, and more. The post DIY Automation Quick Study Video 4: Low code / no code tools for automation appeared first on FutureCFO.

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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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RBI may hike rates in 2023, but bank deposit rates have peaked, say experts

CFO News

To be sure, deposit and lending rates in real terms are much lower than pre-pandemic levels, according to the Reserve Bank of India’s (RBI) monetary policy committee member Rajiv Ranjan.

Banking 52
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TIPS funds vs. TIPS ladder: An investor weighs in

Tips Watch

By David Enna, Tipswatch.com A lot of readers ask about the ladder of TIPS investments I have built over the years.

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IL&FS pays Canara Bank, others Rs 1,300 crore

CFO News

Lenders led by Canara Bank have received close to ₹1,300 crore as part of their dues from Infrastructure Leasing & Financial Services (IL&FS) in what is a second payout from the defunct infrastructure financier.

Banking 52
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Links 1/8/2023 | naked capitalism

CFO News Room

Pigeon caught in Canadian prison yard with drugs Anadolu. What’s next for quantum computing MIT Technology Review. Philosophy’s blindspot Aeon. Climate/Environment. The world’s torrid future is etched in the crippled kidneys of Nepali workers Washington Post. Authorities working to determine source of oil slick off Santa Barbara coast LA Times. Corrected ozone data estimate fracking and drilling produce more emissions than every Front Range vehicle CPR News.

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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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Reliance Cap lenders to run 2nd round of auction for value maximization; decision on Monday

CFO News

The Committee of Creditors (CoC) will meet on Monday to decide on the second round of auction as it is expecting bids upwards of Rs 10,000 crore from this. The first round of auction witnessed both Hindujas and Torrent trying to outbid each other by continuously sweetening their bids and offering more upfront cash, even after the auction got over, sources said.

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A Primer on Free Cash Flow

CFO News Room

It is never pleasant to be in the midst of a market correction, but a market correction does operate as a cleanser for excesses that enter into even the most disciplined investors’ playbooks in the good times. This correction has been no exception, as the threat of losing investment capital has focused the minds of investors, and led many to reexamine practices adopted during the last decade.

Valuation 130
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Reliance Consumer to focus equally on full FMCG range, backend sourcing

CFO News

Newly floated FMCG flagship Reliance Consumer Products (RCPL) said it intends to enter the entire spectrum of domestic, household and consumer goods such as pharmaceuticals, food products and beverages, agri- and non-agricultural produce, commodities, educational, raw, processed and commercial products. The filing was made to the Registrar of Companies.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The truffle industry is a big scam. Not just truffle oil, everything : You may be familiar with the truffle oil scam, but everything else you think you know about truffles is probably a lie too. ( Taste Atlas ). • The Damar Hamlin injury provokes a wave of ignorant anti-vaccine propaganda : It also has provoked a wave of responses not so refreshing: utterly unfounded conjecture that his collapse had somet

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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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JSPL to invest Rs 1,500 crore to make Monnet Power project operational: MD Bimlendra Jha

CFO News

The 1,050 megawatts (MW) under-construction coal-based power project is located near JSPL's steel plant in Angul, Odisha. "We will invest fresh investment of up to Rs 1,500 crore to make the plant operational. The amount will be invested over the period of the next 12-18 months," Jha told PTI.

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Red vs. Blue

Barry Ritholtz

It’s not politics, it’s cultural identity. I’d say this is why you should never believe someone when they say they’re independent, but this is a cultural signifier too… They don’t want to be aligned with either side, they want to be seen as independent thinkers, even though they almost always vote for one side or another.

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Reliance Capital lenders decide to go for fresh auction

CFO News

The decision was taken late Friday night at the committee of creditors (CoC) meeting to review offers received from the Hinduja Group and Torrent Investments. Lenders fixed the threshold price of ₹9,500 crore on a net present value (NPV) basis, which includes ₹8,000 crore as minimum upfront cash payment, the people said.

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Local carbon credit trade likely to kick off in July-September: Power Secretary

CFO News

"For carbon credit market, we have set a very tough target for ourselves. A lot of groundwork has to be done," he said in an interview. The Energy Conservation (Amendment) Bill, 2022, which encourages the use of green hydrogen and renewable energy, and promotion of carbon trading was cleared by Parliament in December.

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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 car companies upbeat about faster adoption of luxury EVs in India

CFO News

Encouraged by the response to the recent e-luxury car launches - most are pre-sold even before they arrive in India, both BMW and Audi are considering commencing local assembly of some of their EV models. But they will firm up the plans once the volumes reach a particular threshold.

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Bombay HC orders release of former ICICI Bank MD & CEO Chanda Kochhar, calls arrest 'illegal'

CFO News

The Bombay High Court on Monday granted interim relief to former ICICI Bank MD & CEO Chanda Kochhar and her husband Deepak Kochhar in the ICICI Bank-Videocon case, observing that their arrests were not in accordance with the law. The Kochhar couple has termed their arrest as "illegal" on the ground that no sanction was obtained prior to the CBI action as required under provisions of the Prevention of Corruption Act (PCA).

Banking 52
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Customs duty on 35 items may be hiked in Budget

CFO News

Private jets, helicopters, high-end electronic items, plastic goods, jewellery, high-gloss paper and vitamins are among items that are on the list prepared by the government.

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In 2023, CFOs must connect math to mood and facts to feelings: Kailash Varodia, RXIL

CFO News

CFOs must display agility, resilience, curiosity, imagination, people-centricity and a transformative mindset as well as heart, says the veteran finance honcho.

Math 52
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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.