Tue.Oct 31, 2023

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Biden’s AI order calls for guardrails to protect workers

CFO Dive

The effort highlights growing concerns in Washington over the risks posed by artificial intelligence as companies rush to adopt it.

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J&K Bank's statutory auditors removed prematurely

CFO News

The removal came in the backdrop of the auditors issuing a qualified opinion on the bank’s FY23 accounts with respect to funds raised via the employee stock purchase scheme 2023 (ESPS).

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Former AIG CFO dies following medical leave

CFO Dive

In a tribute to the late Shane Fitzsimons, the global insurer’s CEO Peter Zaffino praised the former CFO’s “legacy of extraordinary leadership.

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Auto sector to see moderate growth in FY24, uneven monsoon's impact on rural demand a concern: ICRA

CFO News

India's domestic automobile industry is anticipated to achieve moderate growth in FY24, with the passenger vehicle segment reaching all-time high volume levels, supported by personal mobility preference and stable semiconductor supplies. The commercial vehicle industry is expected to approach pre-pandemic highs with modest growth, while the two-wheeler segment continues to face challenges.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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Companies relying on foreign sales see Q3 earnings slump 4.7%

CFO Dive

The dollar rose against other major currencies during the third quarter, eroding revenues at large companies such as Pfizer and Exxon Mobil, FactSet said.

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More Trending

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Amazon CFO credits AI with boosting ad business

CFO Dive

The technology giant is leaning into machine learning as it seeks to improve the relevancy of the ads it shows to customers.

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Tata Consumer Products' Group CFO L Krishnakumar retires

CFO News

L Krishnakumar the Executive Director & Group CFO retires from the company after working for more than 18 years in the company.

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I Bond’s fixed rate rises to 1.3%, highest in more than 16 years

Tips Watch

Composite rate for I Bonds rises to 5.27%. Fixed rate for EE Bonds rises to 2.70%; doubling factor holds at 20 years. By David Enna, Tipswatch.com The Treasury announced today it is raising the permanent fixed rate on the U.S.

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Using Specialists for Revenue Recognition and Quote-to-Cash Projects Can Increase Value and Lower Risk

Bramasol

Most of us have encountered situations that call for turning to specialists with deep expertise in a specific area whenever it is critical for our health or safety. For example, if tests conducted by your primary physician show problems with your heart, you'd expect a referral to a cardiologist rather than having your general practitioner do surgery in their office.

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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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Stop Crying and Buy Bonds

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►4th Quarter Rally? – Positive economic surprises say we are due for a Q4 meltup. ►Great News – American wealth hitting new highs. ►Effective Interest Rates – “This increased cost of capital is.

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India's fiscal deficit at 7.02 trln rupees in April-Sept

CFO News

April-September net tax revenues were 11.6 trillion rupees, or 49.8% of the annual estimate, higher than 10.12 trillion rupees in the same period last year, according to the data.

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Cloud resources financial management as key to business innovation

Future CFO

Cloud computing has been proven to play a role in revolutionising how businesses innovate and grow in today’s hypercompetitive global environment, and the race to the cloud has enabled businesses to enter a new realm of speed and agility. However, only a few are cashing in on the cloud’s promise to drive down costs, as challenges are mounting amid the proliferation of multi-cloud environments.

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Zee-Sony merger: NCLAT chairperson-led bench to hear appeals by Axis Finance and IDBI Bank

CFO News

Appeals filed by Axis Finance and IDBI Bank against the merger of Zee Entertainment and Culver Max Entertainment (formerly Sony Pictures Networks India) will now be heard by a bench presided over by the chairperson at the National Company Law Appellate Tribunal (NCLAT).

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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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How CFOs can help boost talent retention

Future CFO

After the tumult of the pandemic years, many technology companies are now seeking stability through long-term profitable growth. An organisation’s workforce plays a significant role in whether it can achieve profitable growth, and hiring and retention have never mattered more. HR is often considered the one-stop shop for all things people management, but a CFO can wield substantial influence in how a company treats—and hopefully retains—its workforce.

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Group of Ministers may oversee online gaming regulation

CFO News

The GoM will likely include home minister Amit Shah, finance minister Nirmala Sitharaman, IT minister Ashwini Vaishnaw and information and broadcasting minister Anurag Thakur as members, ET has learnt.

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Finance leaders' balancing act between risk, transformation

Future CFO

A number of finance leaders in the Southeast Asian region were revealed to have been pursuing a bold transformation agenda in a bid to bring change to the function for the future, according to a study by accounting firm EY. The study found that only a small number of CFOs in Southeast Asia are pursuing a bold finance transformation agenda. Despite significant room for improvement, only 14% of CFOs in the region are making bold, holistic changes to transform the function for the future.

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To tap FPIs, govt plans to GIFT wrap masala bond issue

CFO News

Sources aware of the development told ET that in recent talks at the Gandhinagar-based GIFT City, the government, the Reserve Bank of India (RBI) and investors had discussed early plans regarding the quantum of the bond sale and other operational matters.

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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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Why It's Important to Work with Specialists in RevRec and QTC

Bramasol

Most of us have encountered situations that call for turning to specialists with deep expertise in a specific area whenever it is critical for our health or safety. For example, if tests conducted by your primary physician show problems with your heart, you'd expect a referral to a cardiologist rather than having your general practitioner do surgery in their office.

SAP 52
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Capex and spending double engine: Core strong; car dispatches hit a fresh high

CFO News

The Index of Eight Core Industries rose 8.1% in September from a year earlier, with coal, steel and electricity posting robust growth, data released on Tuesday showed. It rose 8.4% in July and 12.5% in August, marking a strong quarter despite September growth slipping to a 4-month low.

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CFOs in Southeast Asia well-placed to qualify for top job, survey says

Future CFO

Chief financial officers in Southeast Asia are well-placed to play a more strategic role in their organisations, making them more qualified to take on their companies' top job in the future. EY 's 2023 Global DNA of the CFO study reveals that finance leaders in the region can unlock strategic business value and potentially realise the ambition of becoming a CEO.

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Indians splurge big on festive season sales, buoying economy

CFO News

Sales at online platforms like Amazon.com Inc., and Walmart Inc.-owned Flipkart was up by almost a fifth in the first week of the festive sales from a year ago. Digital transactions recorded by Unified Payments Interface surged about 40% in October from a year earlier.

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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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Transcript: Michael Carmen, Wellington

Barry Ritholtz

 The transcript from this week’s, MiB: Michael Carmen, Co-Head, Private Investments, Wellington Management , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in Business with Barry Ritholtz on Bloomberg Radio.

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MakeMyTrip clocks profit of $2 million in Q2FY24, to acquire Savaari Car Rentals

CFO News

MakeMyTrip, a Nasdaq-listed company, has agreed to acquire a majority stake in Savaari Car Rentals Private Limited, a provider of inter-city car rental services in India. The transaction is set to be finalized by December 31, 2023, as the company aims to bolster its presence in the Indian inter-city car rental market. In its Q2 2024 results, MakeMyTrip reported gross bookings of $1.8 billion, marking a 24% year-on-year increase, with a profit of $2 million compared to a loss of $6.8 million in t

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947: Finding Pathways to Innovation | Teresa Chia, CFO, Vertafore

CFO Thought Leader

Among the different career phases that Teresa Chia credits with having helped to advance her down the CFO path, there is little question that Phase 2 was the most formative. Still, how she came to enter this phase had little to do with career ambitions—or at least her own career ambitions. The second phase of Chia’s career was triggered by a personal event: her husband received an offer to join the falculty at Dartmouth College.

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Indian energy producer AM Green seeks $1 billion funding, sources say

CFO News

The firm is working with an adviser on the fundraising to bolster its ability to produce green hydrogen and other chemical compounds, the people said, asking not to be identified as the information is private. AM Green aims to build a million tonnes a year of green methanol capacity, one of the people 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.