Wed.Apr 19, 2023

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Fantasy gaming to grow at 30% CAGR till 2027, regulatory clarity on GST to help: Report

CFO News

With over 300 fantasy sports platforms (FSPs) and 18 crore users, India is the fastest-growing fantasy sports market in the world. Further, about 60% of user transactions on the fantasy sports platforms have come in through tier-II and tier-III cities.

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Flexibility still king for workers: Report

CFO Dive

Despite a labor market resurgence in March, nearly half (47%) of those in the workforce are still highly concerned about what a downturn may mean for their job security and finances, the April Workforce from iCIMS said.

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The 60/40 Portfolio is Back! *after not going away

Barry Ritholtz

Check out these recent headlines about the classic 60/40 investment strategy 1 : The 60-40 Investment Strategy Is Back After Tanking Last Year BlackRock Ditches 60/40 Portfolio in New Regime of High Inflation Why a 60/40 Portfolio Is No Longer Good Enough The 60-40 portfolio is back Sorry, but all of these headlines utterly miss the point. No, the 60/40 mix of stocks and bonds is not dead; No, this is not the first time we had a regime of high inflation, transitory or otherwise.

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Werfel requests 15% IRS funding hike to uncover tax cheats

CFO Dive

The IRS streamlined taxpayer services during the current tax season but needs a budget increase for the coming fiscal year to sustain improvements, the agency’s commissioner said.

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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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How CFOs can leverage the power of AI, limit risks

CFO News

CFOs need to ensure that the technology serves the interests of all stakeholders, uses high-quality data, safeguards against rogue use and attacks, protects user data, and avoids harm to people, property, and the environment.

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More Trending

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • The Myth of the Broke Millennial : After a rough start, the generation is thriving. Why doesn’t it feel that way? ( The Atlantic ) • How 2022 Became a Record Year for US Income Taxes : An asset-price boom, a progressive tax code and inflation interacted to drive effective rates higher than ever. Now the process is working in reverse. ( Bloomberg ) • Tax season is getting longer.

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3 CFOs talk shifting ESG headwinds

CFO Dive

The nuanced picture that three CFOs painted Tuesday of the business case for ESG sharply contrasted with the backlash that has roiled the public debate recently.

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Switching Between State And SEC Registration: Evaluating Options (And Requirements) For RIAs Nearing $100 Million RAUM

Nerd's Eye View

When an RIA reaches the threshold of $100 million in Regulatory Assets Under Management (RAUM), it must generally switch from being registered at the state level to registering with the SEC. But while $100 million may be the general rule, in practice it isn’t always a hard line. The reality is that volatile markets and shifting client bases can often cause an RIA’s RAUM to flutter above and below the $100 million line.

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Businesses in GBA regain confidence

Future CFO

Businesses in GBA (the Guangdong-Hong Kong-Macao Greater Bay Area) regain confidence as normal travel between Hong Kong and China has fully resumed, said the Hong Kong Trade Development Council ( HKTDC ) recently. According to the GBA Business Confidence Index (GBAI) for the first quarter of 2023, released together by Standard Chartered and the HKTDC), the current performance for “business confidence” jumped 11.8 points to 51.3, which was also the first above-50 print since the fourth quarter of

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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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Indian economy likely to grow at 6% in FY24: Economists

CFO News

India's economy is predicted to grow at a resilient rate of 6% in FY24, slightly easing from 7% in FY23, according to a poll of 20 economists. Despite the slowdown, India will remain the fastest-growing major economy. India's growth is expected to bounce back to 6.5% in FY25. The poll also suggested that inflation will fall within RBI's inflation target band of 2-6% to 5.3% in FY24, which will also support demand.

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Succession Planning Creates Transition Success

CFO Simplified

Throughout 2022, trends such as the Great Recession and Quiet Quitting were rampant. In 2023, retaining top talent and planning for succession are critical for business leaders to avoid disrupting the growth of their organizations. Succession planning is not only about determining your organization’s next leader, but also about creating a continuous process that assesses organizational needs and builds a climate for an executive to succeed.

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Citigroup raises global growth forecast, sees U.S. recession in Q4

CFO News

Citigroup raised its 2023 global economic growth forecast to 2.4%, from 2.2% expected earlier, and now expects the U.S. economy to tip into recession in the fourth quarter of the year.

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ICYMI- Consultant Webinar Featuring Brittany Russell of SAOS

FISPAN

We recently hosted a webinar specifically for consultants with a special guest- Brittany Russel from Strategic Accounting Outsource Solutions. In case you missed it, here is the transcript. You can also download the on-demand recording here.

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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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RBI meets foreign banks over ESMA tussle

CFO News

The move is a fresh step in resolving the issue surrounding the European Securities and Markets Authority's (ESMA) decision to de-recognise the CCIL following the RBI's refusal to permit rights of an external regulatory audit. Following a significant softening in the stance of the European regulators, the RBI is said to be more amenable to settling the dispute.

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HDFC, Nabard & NHB set to raise debt of up to Rs 14,000 crore

CFO News

Other financial institutions National Housing Bank (NHB) and the National Bank for Agricultural and Rural Development (Nabard) are also set to tap debt capital markets on Friday. NHB is likely to sell three-year bonds of up to Rs 2,000 crore, while Nabard is set to issue three-year bonds of up to Rs 5,000 crore, the sources said.

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BPCL to set up 240 MW renewable power facilities, to bid for industry tenders

CFO News

"We undertook multiple solar projects of smaller size to gain experience. We are now confident to take up bigger projects and shall be participating in renewable energy tenders in the future," Jain said.

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KKR bullish on healthcare, consumer & tech bets in India

CFO News

Private equity firm KKR is optimistic about investment prospects in India, according to co-CEO Joseph Y Bae. The US company is keen to invest in healthcare, consumer and technology sectors, and interested in India's privatisation programme. KKR began investing in the country in 2006 and has committed over $10bn there so far, and Bae sees strong fundamental growth in the country's economy.

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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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Cube Highways InvIT raises $630 million from BCI, Mubadala & others

CFO News

Of the total proceeds, Rs 3,474 crore is primary fundraise which will be used to repay or prepay debt of the road projects housed under the InvIT. The fundraise includes a secondary sale of units amounting to Rs1,423 crore by existing shareholders, while the rest of the proceeds will go towards issue-related expenses, filings with Sebi show.

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Meta lays off tech teams, battering employee morale

CFO News

Meta in March became the first Big Tech company to announce a second round of mass layoffs, which it said would take place in three main batches over several months and impact 10,000 employees.

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Abu Dhabi Fund 10X AD, Apollo Global in talks to invest in Byju’s parent or Aakash

CFO News

It’s not clear if 10X AD will lead an investor consortium of family offices and ultra-high-net-worth individuals in Abu Dhabi or go it alone and invest $150-200 million

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No scope for reducing prices in tyre market in current scenario: Anuj Kathuria, JK Tyre & Industries

CFO News

The synthetic rubber prices have been on the increase. But now with crude coming down, we expect that they will also come down accordingly with a lag.

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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.