Mon.Jul 03, 2023

article thumbnail

96% of Indian employers plan to recruit Finance Professionals in 2024: ACCA

CFO News

According to the survey report by Association of Certified Chartered Accountants (ACCA), about 80 per cent of the employers plan to further train and upskill their existing employees working in finance, to keep up with the evolving field.

Finance 111
article thumbnail

Majority of Hedge Funds Fail to Meet Benchmarks

Barry Ritholtz

Barry Ritholtz, “Masters in Business” Radio and Podcast Host discusses the environment of hedge funds and the war on talent between them. He speaks with Romaine Bostick and Scarlet Fu on Bloomberg Markets: The Close Vast Majority of Hedgefunds Are Failing to Meet Targets: Ritholtz Source: Bloomberg See also : MiB: Ilana Weinstein Discusses the Hedge Fund War for Talent (July 1, 2023) The post Majority of Hedge Funds Fail to Meet Benchmarks appeared first on The Big Picture.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

CFOs hail six years of GST, but seek more simplification on tax regime

CFO News

​The GST law subsumed a host of taxes such as central excise duty, service tax, value added tax, etc, and as against many rates in the erstwhile regime, the new structure has just four tax slabs 5%, 12%, 18 and 28%.

105
105
article thumbnail

10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • 6 Rules to Know Before Hanging an American Flag This July 4 : Did you know that the MLB and NFL routinely violate one of them? ( Wall Street Journal ) • The multibillion-dollar lawsuits that could radically reshape how we buy and sell homes forever : As the money makes its way to all the players in the transaction, you may wonder: Why does it work this way?

SAP 102
article thumbnail

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.

article thumbnail

If regulators ban non-audit work for auditors, BSR is more than willing to follow: Sudhir Soni

CFO News

BSR's Head of Audit, however, hinted the current regulatory framework is sufficient to safeguard independence of auditors. Also, he sought more clarification on interpretative issues like what constitutes “management services” which are prohibited in Section 144 of the Companies Act, 2013.

Auditing 105

More Trending

article thumbnail

L&T Finance Group CFO sets sights on 90% retailisation, eyes rapid growth with Rs 1 lakh crore retail book

CFO News

Sachinn R Joshi, Group CFO of L&T Financial Services, which is transitioning to a fully retail-focused company, says the company plans to rapidly increase its retail book from Rs 80,000 crore to Rs 1 lakh crore, thereby reducing the wholesale book to Rs 10,000 crore by March 2024. He discussed about why retailsation of books and more in an interview with ETCFO.

CFO 98
article thumbnail

Leadership Wins: American Entrepreneurs

The Reformed Broker

Last month Michael, Duncan and I traveled down to St Petersburg for an event and, while we were there, my friend Shirl Penney set up a conversation with Scotty Neil, the founder of Horse Soldier Bourbon. Scott was part of the elite team of Green Berets who were sent behind the lines in the immediate aftermath of 9/11 to link up with our old mujahideen allies and knock the Taliban out of key Afghan cities.

article thumbnail

6 Years of GST- Hits and the way forward

CFO News

​As GST completes its sixth year of implementation journey, the transition from origin-based taxation to destination-based taxation has had its own learning curve. Multiple surveys across the country suggest a unanimous agreement of lowered tax costs and improved supply chain efficiencies with the introduction of this key tax reform.

98
article thumbnail

Accountancy and finance profession has key role in driving sustainable future

Future CFO

The accountancy and finance profession has a key role to play in driving a journey toward social equity while organisations need to transition to a sustainable future that embraces the economic, environmental and social aspects in combination, said ACCA recently. Society faces long-term challenges from social injustice, with stakeholders and regulators increasingly focusing on the social implications of the actions of organisations — this is one of the reasons why this matters to the accountancy

article thumbnail

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.

article thumbnail

Sebi asks empanelled law firm to return most briefs given to it

CFO News

The Sebi action came after ELP represented Subhash Chandra and Punit Goenka, founder-promoters of Zee Entertainment (ZEE) in the securities appellate tribunal (SAT). The Zee founders had challenged Sebi's June 12 interim order that restrained them from holding directorships or key managerial positions in listed entities on account of alleged diversion of funds.

article thumbnail

The Rigors and Rewards of Growth Through M&A

E78 Partners

Over the past decade, the mergers and acquisitions (M&A) landscape has evolved significantly, driven by changing economic conditions, technological advancements, and evolving strategic objectives of companies. A survey of recent trends indicates a complex but promising M&A environment, with considerable opportunities and challenges. The Overall M&A Environment As detailed in Morgan Stanley’s M&A outlook for 2023 , the corporate landscape is witnessing an increasing appetite for M

article thumbnail

IndusInd Bank holding co to raise $1.5 bn to fund RCap buy, increase stake in lender to 26 pc

CFO News

IIHL had made the highest cash offer of Rs 9,661 crore in the auctions and secured as much as 99 per cent of the lenders' votes. The bid also includes the Rs 500-crore cash balance with RCap going to the lenders, taking the overall recovery to Rs 10,200 crore or about 65 per cent of Rs 16,000 crore principal secured debt the crippled company owed to lenders.

article thumbnail

How to Define and Track Your Nonprofit Goals

The Charity CFO

Setting nonprofit goals is critical to growing in a manageable way that supports your mission and employees. And one of the most vital steps toward reaching those goals is setting up the proper system to track key aspects of your progress. Let’s take a closer look at everything you need to know to define and track your nonprofit goals. Categories of Nonprofit Goals Nonprofit goals can be split into three broad categories: Programmatic Financial Operational Programmatic goals are ones tha

article thumbnail

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.

article thumbnail

ICEA to set up a task force to increase Indo-US electronics trade to $100 billion

CFO News

The development comes as a follow up of Prime Minister Narendra Modi's visit to the US where the two countries forged agreements to promote policies and adopt regulations to facilitate greater technology sharing, co-development, and co-production opportunities between U.S. and Indian industry.

article thumbnail

Win for ION at WatersTechnology Asia Awards 2023

Reval

Hong Kong, 03 July 2023: ION, a global provider of trading, analytics, treasury, The post Win for ION at WatersTechnology Asia Awards 2023 appeared first on ION.

article thumbnail

India’s 2022 global commercial services exports share doubled to 4.4%: WTO-World Bank

CFO News

“The developing economies’ impressive trade performance under this expanded measure of trade in services is largely due to four economies that rank as leading services exporters and importers- China; Hong Kong, China; Singapore; India,” they said in the report.

Banking 52
article thumbnail

How Does Scenario Planning Work in FP&A Activities?

Spreadym

Scenario planning is a strategic management tool used to explore and prepare for the future by developing and analyzing multiple plausible future scenarios. It involves creating a set of different hypothetical future situations or scenarios that could occur, considering various factors and uncertainties that may impact the organization or a specific project.

article thumbnail

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

article thumbnail

'Chanda Kochhar paid tax for family trust after start of CBI probe'

CFO News

The CBI presented the evidence against the accused while arguing for taking cognisance of the chargesheet filed by it in April against the Kochhar couple, Videocon Group chairman VN Dhoot and others. The court has adjourned the matter to July 12. Cognisance in legal parlance paves the way for commencement of trial against an accused.

52
article thumbnail

To take off, Go Air must get relief from Singapore court

CFO News

While the Singapore International Arbitration award had directed P&W to dispatch around 20 engines by December 2023, the engine maker had subsequently challenged it citing payment failure by the airline and the ongoing global supply chain shortage. In its petition which was reviewed by ET, P&W has claimed that the airline owes it over $100 million.

52
article thumbnail

NaBFID debuts in BSE with its unsecured debt securities listing

CFO News

NaBFID raised ₹10,000 crore via maiden issuance of listed bonds of 10-year duration at a coupon rate of 7.43 per cent. The DFI's infrastructure bonds were oversubscribed by approximately 4.7 times against the base issue of ₹5,000 crore.

article thumbnail

Indian tyre Industry revenue to soar to USD 22 bn by fiscal 2032: ATMA report

CFO News

The report estimates the industry’s turnover will increase 100 basis points to 3.4% of India’s manufacturing gross domestic product (GDP) by fiscal 2032 compared with 2.2% in fiscal 2022. Further, its contribution to Goods and Services Tax (GST) will rise to USD 4.1 billion from USD 2.0 billion, number of jobs supported to 3.7 million from 1.9 million and share in global trade to 4.5% from 3.1%.

article thumbnail

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.

article thumbnail

Muthoot Microfin refiles DRHP with Sebi for Rs 1,350 crore IPO

CFO News

Muthoot Microfin, the microfinance subsidiary of Muthoot Pappachan group, has filed draft papers with market regulator Securities and Exchange Board of India (Sebi) to raise Rs 1,350 crore via initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares for raising Rs 950 crore and an offer for sale aggregating up to Rs 400 crore.

article thumbnail

Nirmala Sitharaman lauds PSBs, says profit almost tripled to Rs 1.04 lakh crore in FY23

CFO News

Union finance minister Nirmala Sitharaman on Saturday lauded public sector banks and said their net profit has almost tripled to Rs 1.04 lakh crore in FY23. The minister said the twin-balance sheet problems have been eliminated from the economy.

Finance 52
article thumbnail

Rajendra Prasad appointed as Chief Information and Asset Engineering Officer of Accenture

CFO News

With more than 28 years of industry experience, Prasad has focused on differentiating Accenture by driving automation and innovation across the IT lifecycle, bringing new solutions, and maximizing leverage of our ecosystem partners and capabilities to clients.

article thumbnail

ESG for transformational affordable housing

CFO News

Environment, Social and Governance are the three facets that characterise sustainable and responsible investing for any organisation. The rise of ESG standards in construction industry is expected to create a resilient and successful marketplace with long-term benefits for all stakeholders through a coordinated attempt to reduce the negative impacts on the environment.

article thumbnail

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.