Sun.Oct 15, 2023

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This week’s 5-year TIPS auction offers a solid investment opportunity

Tips Watch

By David Enna, Tipswatch.com The U.S. Treasury on Thursday will auction $22 billion in a new 5-year Treasury Inflation-Protected Security, and the results should be attractive for investors seeking protection from future inflation.

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942: Building a Profitability Mindset | Sarah Spoja, CFO, Tipalti

CFO Thought Leader

It’s a question rooted in surprise headlines that has now become one of 2023’s favorite conversation starters for finance executives inside the tech realm: “Where were you when you heard the news about Silicon Valley Bank [SVB]?” For Tipalti CFO Sarah Spoja, the query instantly summons memories of being seated between two of Tipalti’s financing partners: JP Morgan and Hercules Capital, Inc.

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The importance of setting strategic AI initiatives

Future CFO

In a fast-changing space we live in today, it is important to keep up through setting strategic initiatives to not be left behind. The talk of the business world undeniably lies on artificial intelligence at present, so it is just fitting to work on this particular area as a leader to maximise this development for the benefit of the organisation. Generative artificial intelligence brings in huge potential for companies, but many are stymied by significant uncertainty and organisational constrain

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New cover story: 30% commission cap likely in credit life policies

CFO News

Credit life insurance is a type of life insurance designed to help in loan repayment if the insured person passes away before the loan is fully repaid. While this policy is optional, if it is chosen, its cost is added to the loan's principal amount.

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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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Organisations to make use of generative AI for cyber defence

Future CFO

Senior executives in companies are looking into using generative artificial intelligence for cyber defence in the next 12 months, according to a survey by PricewaterhouseCoopers International. The 2024 Global Digital Trust Insights survey revealed that generative AI is opening frontiers in the area of cyber security, with 69% of executives asked saying they will use the technology for cyber defence in the next year.

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Six key drivers of transformation success CFOs must know (Part 1)

Future CFO

There are six key drivers of transformation success that CFOs must know, said EY when releasing results of its research in collaboration with University of Oxford’s Saïd Business School. While at least three-quarters of CFOs surveyed said they have experienced at least one underperforming transformation in the last five years, many CFOs still don’t understand that buy-in from staff is a critical factor in determining the success of transformational programs, the firm noted.

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Health insurance from India becomes more attractive for NRIs with GST refund

CFO News

​​​While the insurance industry has made significant strides towards making health insurance more accessible and affordable for NRIs, the latest development of tax refunds is a welcome move towards better affordability. NRIs can now leverage tax regulations to their advantage when acquiring Indian Health Insurance. Since NRIs already fulfil tax obligations in their country of residence, they qualify for an 18 per cent GST refund when purchasing an Indian Health Insurance plan.

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ASEAN+3 regional economic outlook: October 2023 update

Future CFO

The ASEAN+3 region is expected to remain resilient despite the likely slowdown in the global economy next year. AMRO forecasts the region to grow 4.5% in 2024. Senior Economist Marthe Hinojales explains four main risks to this outlook. The post ASEAN+3 regional economic outlook: October 2023 update appeared first on FutureCFO.

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Angel Tax: No assessment of startups registered with DPIIT

CFO News

​This means startups registered by the DPIIT Start-ups will not face tax verification on account of angel taxation in case they are picked up for scrutiny. There are 99,380 startups recognised by the DPIIT.

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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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942: Building a Profitability Mindset | Sarah Spoja, CFO, Tipalti

CFO Thought Leader

It’s a question rooted in surprise headlines that has now become one of 2023’s favorite conversation starters for finance executives inside the tech realm: “Where were you when you heard the news about Silicon Valley Bank [SVB]?” For Tipalti CFO Sarah Spoja, the query instantly summons memories of being seated between two of Tipalti’s financing partners: JP Morgan and Hercules Capital, Inc.

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India is in a good place but global economy is getting weaker, riskier: ?World Bank ?chief economist ?Indermit Gill

CFO News

​In an interview with Deepshikha Sikarwar on the side lines of G20 finance ministers and central bank governors meeting in Marrakech, Morocco,​ Indermit Gill, chief economist, World Bank, said governments will have a tough time managing.

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5 Tips for CFOs to Limit AI Risks

The Finance Weekly

The business world is changing fast, giving Chief Financial Officers (CFOs) and their teams a chance to use Generative Artificial Intelligence (Generative AI) for innovation and efficiency. Generative AI can help in saving costs, making better decisions, and developing skills. By using , AI analytics and automation , CFOs can stay competitive and find new ways to grow.

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Need to keep eye on geopolitical situation: CEA V Anantha Nageswaran

CFO News

The Chief Economic Advisor of India, V Anantha Nageswaran, has stated that private investment is taking place in the country and inflation is not a major concern. However, he highlighted that crude oil prices and tightening global monetary conditions pose risks. Nageswaran also mentioned that the geopolitical situation needs to be closely monitored, although it is not currently expected to have a significant economic impact.

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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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Costco

Barry Ritholtz

Every rich person needs to go. Not to one in the tony suburbs, but the inner city, where all classes meet. That’s one of the main problems in America today, the classes don’t interact, therefore the wealthy have no idea of the life of those working with their hands, counting pennies. You don’t have to be poor to go to Costco, but the richer you are, the less chance you’re there.

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IDBI Bank has deferred tax assets of Rs 11,520 cr, 120 properties in 7 cities

CFO News

The Department of Investment and Public Asset Management (DIPAM) has informed prospective asset valuers that IDBI Bank has deferred tax assets of Rs 11,520 crore and 120 properties in major cities. DIPAM stated that the intangible assets on the bank's balance sheet primarily consist of deferred tax assets, which can be adjusted against future tax dues.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Parents told to delete social media apps to prevent kids from seeing Hamas atrocities : Facebook, X, TikTok and other social media services have been filled with graphic imagery out of Israel and Gaza since the weekend’s terror attack. ( NBC News ) see also Hamas Attack on Israel Brings New Scrutiny of Group’s Ties to Iran : Officials from Iran and Hezbollah helped plan the attack, people familiar with th

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Railways looks for options to dodge proposed GST on DFC payouts

CFO News

The Indian Railways is looking for ways to avoid paying goods and services tax (GST) on remittances it makes to its Dedicated Freight Corridors (DFC) network. The tax authorities have indicated an 18% GST on these remittances. Under normal circumstances, transferring money within the government does not attract GST.

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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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India's wholesale prices fall 0.26% in September

CFO News

Wholesale inflation in India has remained negative for the sixth consecutive month, with prices falling 0.26% in September. This follows a five-month high of -0.52% in August. The decrease in inflation is primarily attributed to lower prices of chemical products, mineral oils, textiles, basic metals, and food products compared to the previous year.

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Adani Ports confident of making $650 million foreign currency bond prepayments by Feb: Karan Adani

CFO News

“We have already prepaid $120 million and then another $190 million,” Karan Adani told reporters on the sidelines of the inauguration of its Vizhinjam port in Kerala.

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Bajaj Finance slapped with fine worth Rs 8.50 lakh by RBI

CFO News

The fine has been imposed as the company has not complied with the RBI directions to the extent of not reporting and delay in reporting of certain frauds to RBI.

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Centre planning to raise odds against illegal betting companies

CFO News

​​The government found as many as 114 illegal betting and gambling platforms operating in India through domain farming, people aware of the details told ET.

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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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Chaudhry may return as Aakash CEO, nears stock-swap deal with Byju’s

CFO News

Chaudhry served as the CEO till November 2020 as part of the founding family that ran Aakash Institute independently.

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