Thu.Nov 09, 2023

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Deloitte brings GenAI to internal audit, accounting professionals with new bot

CFO Dive

GenAI isn’t likely to replace accountants any time soon — but firms like Deloitte are already integrating it into their accounting and audit practices.

Auditing 300
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Medicare costs for 2024 are rising faster than U.S. inflation

Tips Watch

Part B costs, deductibles and IRMAA surcharges will increase about 6% next year. By David Enna, Tipswatch.com Less than a month ago, U.S. retirees collecting Social Security learned their benefits will be increasing 3.2% beginning in January.

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Powell says Fed’s inflation fight ‘has a long way to go’

CFO Dive

The Fed needs to see more signs of easing price pressures before declaring an end to monetary tightening, central bank officials said.

Banking 264
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Mamaearth’s parent company to focus on growth, efficiency, and improving predictability post listing: CFO

CFO News

Every year almost more than 40 per cent of incremental growth for our businesses come from innovation, says Ramanpreet Sohi, CFO of the recently listed beauty and personal care company Honasa Consumer.

CFO 59
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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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AppLovin’s FP&A leader to replace CFO

CFO Dive

The current finance chief is stepping down to explore new career opportunities while remaining on the company’s board.

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More Trending

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Dabur's Burmans seek probe into Religare share sale by chairperson

CFO News

In an email sent to Sebi and bourses on November 8 that has been reviewed by ET, four entities - MB Finmart, Puran Associates, VIC Enterprises and Milky Investment and Trading Co - that collectively hold 21.24% in Religare said Sal chairperson Rashmi Saluja sold a portion of her personal holdings in the firm soon after a meeting with a representative of the Burmans.

Sales 52
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Evolve and grow with cloud

Future CFO

The ongoing march of change has repeatedly validated the business benefits realized through the efficacy and responsiveness of a cloud-based ERP solution. It’s clearer than ever that cloud adoption has advantages for bringing finance, HR, and IT applications together—from stronger, data-driven insights to operational efficiencies and agility to better cost control.

Finance 52
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Corporate affairs ministry may widen probe into the books of MG Motor India

CFO News

The Ministry of Corporate Affairs (MCA) is considering expanding its investigation into MG Motor India's financial records, following Registrar of Companies' findings from a 2022 case. Separately, MCA might also scrutinize smartphone maker Vivo's books due to allegations of money laundering by the Enforcement Directorate (ED). MG Motor India denied recent queries from MCA and emphasized compliance, while Vivo did not respond to inquiries.

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The increasing focus of medtech companies on ESG initiatives

Future CFO

Chief financial officers and financial leaders are seen and considered as one of the drivers for their organisations' environmental, social, and governance (ESG) initiatives. With this in mind, financial leaders must take into consideration the current market and organisational trends across various industries to maximise their financial planning and analyses, thereby benefiting the company as a whole.

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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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Retail play in listed companies hits a new high

CFO News

Retail investors - classified as individuals with less than shareholding worth ₹2 lakh in a company - made purchases worth ₹7,596 crore in July-September, according to Prime Database, amid the record-breaking run in the stock market

Retail 52
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How a good cybersecurity plan can save money and time

Future CFO

With the advancements in technology coming in left and right, cyber risks are constantly looming over the head of financial leaders. As they say, prevention is better than cure, so to navigate around the risks posed by cyber threats, spanning from data breaches to ransomware attacks, financial leaders must take the initiative to build on a good cybersecurity plan--not only to counter possible problems and protect the organisation's assets, but to save money and time in the long run.

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Adani Enterprises aims big on data centers with $1.5 billion capex planned

CFO News

Adani Enterprises is planning to build nine data centers and targeting a total capacity of 1 gigawatt by 2030. This will provide infrastructure for the booming digital services demand in the nation of 1.4 billion people that’s already luring the biggest global firms such as Amazon.com Inc and Google.

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China’s economic growth: IMF raises GDP forecast 

Future CFO

China’s economic growth is estimated to hit 5.4% in 2023 said IMF recently. The fund raised its forecast for China’s economic growth after the country’s better-than-expected Q3 growth and Beijing’s move to approve a 1 trillion yuan (US$137 billion) sovereign bond issue and allow local governments to frontload part of their 2024 bond quotas. But the IMF expects gr owth —dragged down by the weak property market and subdued external demand—to slow to 4.6% next year.

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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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Insurers hike premiums for public infra assets by up to 25% in aftermath of Sikkim cloudburst

CFO News

State-owned hydel unit Sikkim Urja lodged an insurance claim of ₹500 crore after unseasonal rains early in October caused the banks of the glacial South Lhonak Lake to breach, with a wall of water battering public infrastructure assets and drowning homes across a large swathe of urban Sikkim and the hilly reaches of West Bengal.

Banking 52
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AI's potential in financial services

Future CFO

Technological advances continues to evolve across all sectors and artificial intelligence is among these advancements. With this, financial leaders, particularly in the financial services industry, look for ways to harness the technology to be able to offer the best possible products and services to their clients. The quality of an AI solution depends on the data that feeds into it, said Peter Ekler , head of future technology at IT services and consulting firm Zenitech.

Banking 52
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Government may clear 10 PLI sops bid from IT hardware companies

CFO News

In August, the government had said that it had received proposals from 40 companies with expected incremental investments of Rs 5,010 crore. This was towards additional production worth Rs 4.65 lakh crore over six years, including exports of Rs 28,288 crore during the period.

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10 Thursday AM Reads

Barry Ritholtz

My morning train reads: • Turning Empty Offices Into Apartments Is Getting Even Harder : Only 3,575 apartment units were converted from office space last year. The already fraught process now faces even more challenges. ( Wall Street Journal ) • The problem isn’t inflation. It’s prices. What goes up may not come down. Like, ever. ( Vox ) see also Right Now Is a Bad Time to Spend Money : With prices and interest rates high, this is a moment to focus on saving. ( Wall Street Journal ) • How to Be

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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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Amid concerns over delinquencies, public sector banks assure govt 'small loans not a systemic risk '

CFO News

An official said that the government has asked lenders to watch for any signs of incipient stress. "Almost all PSBs (public sector banks) have stated that in this segment there has been no spike in delinquencies and most borrowers have credit scores of 700 and above," he said, underscoring the stable asset quality of these loan accounts.

Banking 52
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The Post Lock-Down Economy

Barry Ritholtz

Today, Jerome Powell is making the opening remarks at the 24th Jacques Polak Annual Research Conference in DC. I’ll be on Bloomberg Radio today 3:00 pm-6:00 pm, and it’s the first topic we will address. I wanted to gather a few thoughts and recent discussions together in preparation for that. These are what is driving my thoughts on Jerome Powell & Co and the risks future FOMC action present. 1.

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From Russia with love: Corporate bonds may get Vostro funds to boost trade settlement in rupee

CFO News

Earlier this year, Russian officials said that Moscow had accumulated billions of rupees in Indian banks that couldn't be used. Industry estimates peg this amount at $7-8 billion. Until July 2, the RBI had approved 34 applications from different Russian banks for opening SRVAs in 14 Indian commercial lenders.

Banking 52
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Tata Electronics acquires 100% stake in Wistron India

CFO News

The Tata Group has signed an agreement with SMS InfoComm (Singapore) and Wistron Hong Kong Limited to acquire full stake (100 per cent) equity stake in Wistron Infocomm Manufacturing (India), enabling the Tata Group to officially join the Apple supply chain as an iPhone assembler.

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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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Byju’s lenders win fight over loan default, control of unit

CFO News

Lenders have been pushing hard for the repayment of the $1.2 billion loan amid the company’s mounting distress after a pandemic-era boom in online learning fizzled out. Byju’s had been working to sell assets and deal with the loan issue when government investigators searched company offices this year.

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Companies rush for cyber insurance on data laws, digitisation

CFO News

Cyber Insurance: Generally higher claims and lack of strong IT systems for SMEs is causing insurers to be wary about offering these products actively.

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