Sun.Feb 11, 2024

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NYCB Dividend Cut

Corporate Finance

Normal 0 false false false EN-US X-NONE X-NONE Banks stocks are generally affected by interest rates and New York Community Bancorp (NYCB) is no different. NYCB has a large amount of loans tied to New York City apartments and commercial real estate. With high interest rates, New York City rent control policies, and changing demand for commercial real estate in New York City, investors are concerned about the bank's future performance.

Banking 130
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Practising ESG: where rubber meets the road

Future CFO

Natalie Runyon Natalie Runyon , director of ESG content and advisory services at Thomson Reuters Institute, predicts that in 2024 , businesses are expected to embrace ESG criteria not just for compliance or risk management, but as a chance to fundamentally transform their business models with the full understanding and acceptance of the need to account for increasingly complex external risks that may be occurring simultaneously.

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Trending Sources

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Balancing Act: The CFO's Guide to Long-Term Success through Strategic Capital Deployment

CFO News

In the realm of infrastructure investments, Sandeep Jain, Group CFO at NDR Warehousing, epitomizes the critical role CFOs play in aligning financial strategies with long-term objectives, navigating risks, and ensuring sustainable growth.

CFO 52
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8 questions to ask about your AP System

Future CFO

The accounts payable (AP) department goes beyond just ensuring that all bills and invoices are cleared on time. By accurately managing all APs the business is ensured it complies with appropriate tax regulations, contractual obligations, and financial reporting standards. It also allows you to accurately project cash flow – an important indicator of a company’s financial health.

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Consumer goods giants like Nestle, Dabur, Coca-Cola ready capex war chest

CFO News

While demand for mainstream products has been tepid, demand for premium categories in urban markets has remained steady. Large consumer goods companies are investing in India, expecting a demand revival in the new fiscal.

More Trending

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Disney, Reliance merger discussions reach last lap as Feb 17 exclusivity deadline draws near

CFO News

RIL Group to hold direct stake as well, invest up to $1.5 bn cash; new merged co to be arm of Viacom 18. Reliance executives are also working on a three-year capital allocation programme for all businesses to be presented shortly to the board. The proposal, as of now, is to create a step-down subsidiary of Viacom18 Media, which will absorb Star India via a stock swap, they said.

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4 Tips to Make Accounts Payable Ready for Anything

Future CFO

As a result of ongoing inflation, economic disruption, and the lowest growth project from The International Monetary Fund (IMF) since 1990, many Accounts Payable (AP) departments are being tasked with driving cost reductions and improving operational efficiency to increase company profitability and workforce productivity. In this SAP Concur whitepaper , we discuss 4 ways that your accounts payable team can future-proof your business and become more adaptable and proactive in the face of change.

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SpiceJet set to lay off 1,400 employees

CFO News

Staff cuts have become necessary because of the carrier's ₹60 crore salary bill, said people with knowledge of the matter. "People have already started getting calls," said one of them, referring to the terminations. SpiceJet has been delaying salary payments for several months. Many haven't yet got their January pay.

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Gartner: CFOs to prioritise digital transformation, functional improvement in 2024

Future CFO

Digital transformation and functional improvement are the predominant themes through the top 10 priorities of chief financial officers, according to a recent survey by Gartner. The study, which surveyed 185 CFOs, reveals that CFOs are keen to leading digital transformation efforts in the finance function in 2024. Improving finance metrics, insights and storytelling, leading change management efforts, and optimising costs were also identified as priorities for over 70% of CFOs.

CFO 52
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Business Travel Expense Strategies for Everybody

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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SAT may have to hear afresh many important cases

CFO News

The Supreme Court, headed by Chief Justice DY Chandrachud, disposed of a petition filed by SAT advocates and noted that the government is taking steps for fresh appointments. Lawyers believe that the continued pendency of appeals in SAT creates legal uncertainty and does not present a healthy image internationally.

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NYCB Dividend Cut

Essentials of Corporate Finance

Banks stocks are generally affected by interest rates and New York Community Bancorp (NYCB) is no different. NYCB has a large amount of loans tied to New York City apartments and commercial real estate. With high interest rates, New York City rent control policies, and changing demand for commercial real estate in New York City, investors are concerned about the bank's future performance.

Banking 52
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As economy flies high, so does corporate air travel: Business flyers pass pre-Covid numbers

CFO News

Executives at airlines and travel companies said increased activity among IT, mechanical, banking services, and pharmaceutical companies is driving the trend. At a time when fares are rising amid capacity cuts by airlines, the growth trend in corporate travel is seen to be stickier than that in the more price-sensitive leisure travel segment.

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My schedule … and what’s coming up

Tips Watch

By David Enna, Tipswatch.com If you have been reading this site for a long time, you know what this headline means: I will soon be traveling to some distant place with confusing timezone differences and potentially weak-to-zero internet.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Adani Ports secures top position for climate actions

CFO News

Adani Ports and Special Economic Zone Ltd (APSEZ) has been ranked first in four global rating agencies for its climate actions and environmental performance. The company secured a 'leadership band' in CDP Climate Assessment 2023, first in the environmental dimension by S&P Global CSA 2023, and top rank in the marine ports sector by Sustainalytics.

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Accounts Receivable Hurdles to Overcome in 2024

The Finance Weekly

It's crucial for small businesses to maintain good cash flow by managing finances and staying updated on Accounts Receivable (AR). Effectively handling AR means keeping track of customer invoices and making sure payments are collected on time. Now, let's look at common challenges finance teams face with AR and ways to enhance payment collection while minimizing the risk of unpaid invoices.

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Businesses navigate new tax law impacting MSE payments, seek government intervention

CFO News

The new law under Section 43B(h) of the Income Tax Act, which mandates payment to micro and small enterprises (MSEs) within 45 days of delivery to claim deductions, is causing concern and leading to various strategies by businesses and vendors to mitigate its impact. Some companies are attempting to avoid the law's impact by sending letters to vendors without expecting responses, while others are issuing post-dated cheques or raising objections within 15 days of delivery to delay payment obligat

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Over Three Decades, Tech Obliterated Media : My front-row seat to a slow-moving catastrophe. ( New York Magazine ) • A $560 Billion Property Warning Hits Banks From NY to Tokyo : Lenders face debt maturities, lower values after thaw in deals; Multifamily also a focus following change in New York rent law ( Bloomberg ) • Anxiety, Mood Swings and Sleepless Nights: Life Near a Bitcoin Mine : Pushed by an adv

Banking 104
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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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India's net direct tax collection at Rs 15.6 lakh crore till Feb 10, reaches 80% of revised target

CFO News

India's net direct tax collection reached Rs 15.60 lakh crore as of February 10, representing approximately 80 percent of the revised target set for the entire financial year.

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JSW Steel gets service tax relief on ore purchases

CFO News

The revenue department had claimed that since JSW had received services from the monitoring committee, it was liable to pay service tax under the reverse charge mechanism.

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CBIC cautions against fake GST summons; asks taxpayers to check veracity of communications

CFO News

The CBIC on Saturday cautioned against fraudsters issuing fake GST summons and asked taxpayers to check the veracity of any communication received from GST authorities.