Global Finance

OCTOBER 20, 2024

BNY and Mizuho Bank, the oldest banks in the US and Japan, respectively, announced on Sunday an agreement to expand their correspondent bank network to help facilitate international trade. Powered by BNY’s Trade Network Access Service, the agreement allows both banks to access each other’s Relationship Management Applications (RMAs). “We were hearing from some of our clients, who have limited infrastructure, but were having to process a single Letter of Credit once every three years for a certai

Treasury 111

Treasury Banking Leverage Finance 111

Tips Watch

OCTOBER 20, 2024

Real yields are holding up, but the curve is widening. By David Enna, Tipswatch.com The October auction of a new 5-year Treasury Inflation-Protected Security is always a baffler.

Treasury 103

Treasury Securities Investments Finance 103

Global Finance

OCTOBER 20, 2024

To coincide with the Year of the Dragon, Sibos, SWIFT’s annual financial services conference, exhibition and networking event, is being held in China for the first time. In moving to Beijing from Toronto, SWIFT hopes to enhance its position as a global provider of secure financial messaging services, since the city is home to most of China’s biggest companies and the largest number of Fortune Global 500 companies in the world.

Construction 111

Construction Finance Communication Economics 111

CFO News

OCTOBER 20, 2024

As ICAI introduces new Standards of Quality Management (SQM), questions arise regarding its legitimacy and adherence to established protocols. Rangachari Sridharan, the former chief of the NFRA, asserts that legally valid auditing standards can only be issued by MCA, a position that challenges the ICAI's recent unilateral actions.

Auditing 89

Auditing 89

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Accounting

Global Finance

OCTOBER 20, 2024

BNY and Mizuho Bank, the oldest banks in the US and Japan, respectively, announced on Sunday an agreement to expand their correspondent bank network to help facilitate international trade. Powered by BNY’s Trade Network Access Service, the agreement allows both banks to access each other’s Relationship Management Applications (RMAs). “We were hearing from some of our clients, who have limited infrastructure, but were having to process a single Letter of Credit once every three years for a certai

Treasury 98

Treasury Banking Leverage Finance 98

Global Finance

OCTOBER 20, 2024

To coincide with the Year of the Dragon, Sibos, SWIFT’s annual financial services conference, exhibition and networking event, is being held in China for the first time. In moving to Beijing from Toronto, SWIFT hopes to enhance its position as a global provider of secure financial messaging services, since the city is home to most of China’s biggest companies and the largest number of Fortune Global 500 companies in the world.

Construction 52

Construction Finance Communication Economics 52

CFO News

OCTOBER 20, 2024

Data from TeamLease Degree Apprenticeship shows that the sector as a whole-consisting of solar, wind, hydro, battery storage-is estimated to create 1.7 million jobs, direct and indirect, in the next three years as several companies are looking to ramp up workforce. About 30-35 per cent of these will be direct jobs and the rest, indirect.

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Barry Ritholtz

OCTOBER 20, 2024

Avert your eyes! My Sunday morning look at incompetency, corruption, and policy failures: • You Can’t Make Friends With The Rockstars : I am tired of hearing about Mark Zuckerberg’s “new look,” in part because I don’t care about it, and in part because I see it as yet another blatant — and successful — attempt to divert attention from the outright decay of the platforms he runs. ( Where’s Your Ed At ) • The New York Times’ first article in 1922 about Hit

Communication 59

Communication 59

CFO News

OCTOBER 20, 2024

Amid India's evolving risk landscape, a report by TATA AIG and Dun & Bradstreet reveals businesses are prioritizing technological, legal, and geopolitical risks. Concerns span data privacy, environmental regulations, and economic fluctuations, underscoring the need for robust risk mitigation and business continuity strategies.

Technology 45

Technology Prioritization Economics 45

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CFO News

OCTOBER 20, 2024

Speaking about Artificial Intelligence PM Modi said India is powered by two AIs, the second AI that of Artificial Intelligence.

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CFO News

OCTOBER 20, 2024

"Our manufacturing has to grow by 16 times. It has to fire on all cylinders. We have to become a manufacturing nation," Kant told IANS at the Kasauli Literary Festival.

Manufacturing 40

Manufacturing 40

CFO News

OCTOBER 20, 2024

A court here has convicted a private company and its three directors in an over 23-year-old case under the SEBI Act and Collective Investment Scheme (CIS) regulations, saying they trapped innocent people by promising them unrealistic returns.

Investments 40

Investments 40

CFO News

OCTOBER 20, 2024

In a significant development, the Group of Ministers (GoM) on Saturday agreed upon some Goods and Services Tax (GST) rate revisions that are likely to bring in an additional Rs 22,000 crore revenue.

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Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

Accounting

CFO News

OCTOBER 20, 2024

ONGC and BPCL are negotiating with Saudi Aramco to partner in setting up new petroleum refineries in India. BPCL plans to build a refinery in Andhra Pradesh, while ONGC is considering locations in Gujarat or Uttar Pradesh. Engineers India is preparing a pre-feasibility study for the projects, which will require significant international investment.

Investments 40

Investments Planning 40

CFO News

OCTOBER 20, 2024

The acquisition, approved by Reliance Capital's creditors more than a year ago and by the National Company Law Tribunal (NCLT) in February this year, is now held up pending key regulatory approvals from the Reserve Bank of India (RBI), department for promotion of industry and internal trade (DPIIT) and the Insurance Regulatory and Development Authority of India (Irdai) among others, multiple people aware of the matter told ET.

Banking 40

Banking 40

CFO News

OCTOBER 20, 2024

Financial services bore the biggest brunt of foreign selling, with investors pulling ₹23,274 crore out of these shares after buying a similar amount in September. From January to September, overseas investors sold ₹37,732 crore in the sector.

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CFO News

OCTOBER 20, 2024

India's Ambassador to the United States, Vinay Mohan Kwatra, and Consul General of India in New York, Binaya Srikanta Pradhan, welcomed Sitharaman, following her arrival from Mexico City.

Finance 40

Finance 40

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

Finance

CFO News

OCTOBER 20, 2024

A manifold jump in cyberattacks in the past year, and the rise of generative artificial intelligence (Gen AI), leading to greater threat perception amid escalating social engineering and phishing attacks, is prompting companies to undertake regular review of risk factors and cyber preparedness, said industry insiders.

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CFO News

OCTOBER 20, 2024

Indian companies are enhancing work-life balance with extended breaks during Diwali, flexible work options, and more floating leaves. Companies like Deloitte, Meesho, and Myntra give employees additional days off to rejuvenate and spend quality time with family, fostering employee wellness and satisfaction.

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CFO News

OCTOBER 20, 2024

A GST panel recommends moving more goods to the 28% luxury slab to simplify mid-range categories and merge 12% and 18% slabs. Focus on exempting fewer items, like petroleum, to improve GST efficiency and enhance progressive taxation, aligning with the nation’s economic objectives.

Economics 40

Economics 40

CFO News

OCTOBER 20, 2024

After a break, partners from Big Four affiliates are engaging in ICAI elections due to a more assertive ICAI, changing audit rules, and recent disciplinary actions. Key candidates include PwC's Abdul Majeed and Deloitte's Nandkishore Hegde. The elections aim to bolster their representation amid growing NFRA influence and stricter international networking guidelines.

Auditing 40

Auditing 40

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

Finance