Fri.Mar 31, 2023

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Foreign Trade Policy 2023 unveiled, govt breaks tradition of target year

CFO News

Unveiling the much-awaited Foreign Trade Policy, Commerce Ministry on Friday broke the tradition of a policy lasting for five years and will instead focus on 'long term'. There is no end date to the policy and will be updated as and when necessary, the ministry said. ​Further, Faridabad, Moradabad, Mirzapur and Varanasi have been declared as towns of export excellence.

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IPO proceeds slump 61% amid risk of credit squeeze: EY

CFO Dive

Turbulence in the banking system will likely tighten a credit squeeze and worsen a downturn in initial public offerings.

Banking 263
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Trending Sources

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How to Validate Software for the FDA

Navigator SAP

The life sciences is a heavily regulated industry for obvious reasons: the drugs and devices a life sciences firm manufactures or distributes must be consistently safe and reliable for consumers. To ensure that happens, the FDA regulates life science firms according to regulations specified in 21CFR. Part of that regulation is validation of the software used by life sciences businesses.

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Weighing pros, cons of ‘fractional’ CFOs

CFO Dive

A fractional CFO could help companies achieve their strategic goals, but firms must carefully weigh the pros and cons of making such a choice.

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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 to Purchase ERP for Management Companies

Navigator SAP

It is difficult for a management consulting business to grow and succeed if it’s operating with unreliable data. In this scenario, anyone would have trouble understanding where the business is headed and making important business decisions.

More Trending

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The Active Management Delusion: Respect the Wisdom of the Crowd

CFA Institute

"Neither the Financial Analysts as a whole nor the investment funds as a whole can expect to ‘beat the market,’ because in a significant sense they (or you) are the market.

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Independent audit requirements for a nonprofit

The Charity CFO

The word audit can invoke instant fear and dread. Whether it’s an IRS audit, external audit, or even an internal audit, the process can feel burdensome and worrying. However, with the right tools and preparedness, there’s no need to worry. Contrary to popular belief, most audits are not conducted to detect a problem. They are actually useful tools to ensure that an organization is in compliance and can also be used to identify potential problems before they become too big.

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Bearish but Priced In

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Jurrien Timmer, and Downtown Josh Brown discuss what’s going on with banks, what’s changed since Jurrien’s 2022 TCAF appearance, the Fed and the market, S&P technicals, gold, Bitcoin, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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Four Key Insights and Trends from the SAP Insider Event

Bramasol

One of the biggest advantages of the return to in-person events is the opportunity for engaging with colleagues in those impromptu conversations that organically bring to the surface new insights. These unstructured talks create the kind of "ah-ha" moments that you just can't get in a half hour video call. The Bramasol team had the pleasure of doing just that last week at SAP Insider in Las Vegas and it was both enjoyable and very informative!

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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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Weekend Reading For Financial Planners (April 1-2)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that, according to a recent survey, RIAs are considering metrics for growth other than assets under management, from the number of clients to diversifying the services they offer. And given that growth can create additional time burdens for advisors, many advisors are looking to automation as a way to gain efficiencies as they scale.

Numbers 73
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Do ESG Funds Have Higher ESG Scores?

CFA Institute

The first step in testing whether ESG funds deliver higher ESG scores is to determine what to compare them against.

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10 Friday AM Reads

Barry Ritholtz

My end-of-week — indictment-free — morning reads: • Twitter is dying : It’s five months since Elon Musk overpaid for a relatively small microblogging platform called Twitter. The platform had punched above its weight in pure user numbers thanks to an unrivaled ability to both distribute real-time information and make expertise available.

Math 60
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Factor Performance: Will the Comeback Persist?

CFA Institute

The relative outperformance of equity risk factors was one of 2022's rare bright spots.

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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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Panic With Friends

Barry Ritholtz

I had some fun last week chatting with Howard Lindzon, whom I previously had on MiB. And he is part of my conversation about my worst trades. Here is Howard: “I’m excited to have my good friend Barry Ritholtz back on the show. Barry is the Chairman and CIO of Rithotz Wealth Management, an author, a newspaper columnist, and the host of the Bloomberg Podcast Masters in Business.

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Government exceeds FY23 RE target of combined disinvestment, dividend mop up

CFO News

The revised estimates (RE) had pegged receipts from disinvestment and dividend at Rs 93,000 crore. In 2022-23, dividend receipts stood at Rs 58,988.34 crore and disinvestment receipts at Rs 35,293.52 crore. Together, the government has realised Rs 94,281.86 crore as disinvestment and dividend proceeds from CPSEs as on March 31, 2023.

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Accounts Payable Aging Report – What is it?

CFO Share

The accounts payable aging (AP) report shows when and how much you owe vendors. This report is just a snapshot in time, but it still helps business owners manage cash flow by easily looking at what they owe and need to pay. Why is an Accounts Payable Report valuable? The AP aging report summarizes and totals vendors’ bills by age, easily allowing you to see how much you owe each vendor and how much total cash you would need to catch up on all invoices.

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NARCL improves offer for Vidarbha Industries Power

CFO News

The offer comes amid a landmark Supreme Court order that dismissed Axis Bank's petition to admit the company into insolvency stating that the tribunal, which approved admitting the company, should have factored in external factors that led to delay in payments by the defaulting borrower.

Banking 52
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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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CapEx formula: how to calculate capital expenditures

Cube Software

What's the CapEx formula? It's pretty simple to calculate. Just take the change in PP&E and add depreciation. But what counts as PP&E? And where do fixed assets fit into all of this? That's what we'll get into in this blog post. Keep reading.

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Fiscal deficit till February hits 83 per cent of FY23 target at Rs 14.5 lakh crore

CFO News

In absolute terms, the fiscal deficit hit ₹14.54 lakh crore in the first 11 months of FY23, against Rs 13.17 lakh crore a year earlier. Net tax revenues grew at a healthy pace of 17% until February this fiscal year, blunting the impact of a 20% drop in non-tax revenues, a 9% increase in revenue spending and a 22% rise in capital expenditure.

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Cube Highways raises ?4,500 cr for first InvIT, foreign funds lead show

CFO News

Cube Highways Trust, the InvIT set up by Cube Highways, comprises 19 road assets, aggregating to 1,636.5 kms, in 11 states in India. As on March 31, 2022, the portfolio had a weighted average residual concession life of 21.8 years and an average operating history of 7.5 years.

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CXO hiring unfazed by downturn in job market

CFO News

Even hiring in technology sector - which has seen a sharp comedown overall - continues at senior levels, especially for niche skills in areas such as cloud, artificial intelligence and automation, as companies across sectors focus on digitising businesses. IT services firms with strong global ambitions are still hiring as well.

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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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US regulator seeks sale of Silicon Valley Bank, Signature Bank portfolios: Sources

CFO News

The portfolios are comprised of low-yielding assets, such as Treasuries and US government agency-backed securities, that the two regional banks amassed while interest rates were close to zero.

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ZEE, Standard Chartered ink pact to settle Siti loan default issue

CFO News

"We wish to inform that Standard Chartered Bank (the Bank) had sanctioned certain credit facilities to Siti Networks Limited (the Borrower) which were inter-alia secured by the DSRA support and undertaking of the Company," ZEEL said in a regulatory filing.

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SBI expects to maintain 14-16% credit growth, expand NIM in FY24: Dinesh Kumar Khara

CFO News

State Bank of India Chairman Dinesh Kumar Khara expects credit growth to continue in the coming fiscal year. There is high demand in retail and corporate sectors, as well as the government's infrastructure-focused budget commitment of around 10 trillion rupees ($134 billion) plus 2.4 trillion rupees from the railways. Khara also expects a stabilisation of interest rates after last year's increases, as demand continues to drive industry growth.

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Govt to increase green bond issuances 50% to nearly Rs 24,000 crore in FY24

CFO News

The funds raised will be used to finance eligible green projects in nine categories, including renewable energy, clean transportation, and sustainable management of living natural resources

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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.