Future CFO

JULY 9, 2023

Without a doubt, artificial intelligence (AI) is now a topic of interest among CFOs. How to properly channel this interest into the finance function remains to be seen. Gartner says to build an AI-driven finance organisation for the future will require a combination of technical and business skills that many finance teams do not have today. Mark D McDonald , a senior director analyst in the Gartner Finance practice , observes that there remains scepticism over AI's impact on the finance function

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Finance Leverage CFO Technology 98

CFO News

JULY 9, 2023

The CII Business Confidence Index (CII- BCI) improved to a reading of 66.1 in Q1 (Apr-Jun FY24) as compared to 64.0 in the previous quarter showing a positive momentum in indicators such as GST collection and air & rail passenger traffic. 63 per cent of over 180 firms surveyed in the Business Outlook Survey (63 per cent) expect India's GDP growth to be 6-7 per cent for FY24.

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Tips Watch

JULY 9, 2023

By David Enna, Tipswatch.com Over the last year (plus a few months) I have been gradually adding to my holdings of Treasury Inflation-Protected Securities. Mostly with nibble purchases, but sometimes — when the opportunity looks good — with larger investments.

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Treasury Investments Securities 81

CFO News

JULY 9, 2023

Adani Capital's management - led by former Lehman Brothers and Macquarie investment banker Gaurav Gupta, who joined the conglomerate in 2016 - owns around 10% of the company. Promoters own nearly 90%, which is up for grabs.

Investments 59

Investments 59

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.

Accounting

CFO Thought Leader

JULY 9, 2023

When OpenAI, the creator of ChatGPT, recently announced that it would be opening its first office outside the U.S., few who were roaming the tech corridors of Silicon Valley likely were surprised that the generative AI company chose London for its new outpost. As a backdrop to the decision, British Prime Minister Rishi Sunak has been energetically pitching the UK as the intellectual and geographical “home” of AI, at the same time that UK executive recruiters have been busy compiling

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CFO Leadership Finance B2B 52

Future CFO

JULY 9, 2023

The first quarter of 2023 saw global mergers and acquisitions (M&A) activity continue to shrink as rising interest rates, high inflation and recession fears dampened deal-making. In Asia-Pacific alone deal volumes fell 29% from 2022 to $176.1 billion, according to Dealogic. Despite dwindling deal numbers, lucrative M&A opportunities continue to be available for those with the appetite and eye for lower valuations.

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Mergers and Acquisitions (M&A) Restructuring Leverage Valuation 52

CFO News

JULY 9, 2023

The Department for Promotion of Industry and Internal Trade (DPIIT) has identified 106 firms from 30 countries to target as part of an initiative aimed at promoting investment in India. The outreach includes engagement with people of Indian origin and investment roadshows in countries including the US, Canada, the UAE and Japan.

Investments 59

Investments 59

Future CFO

JULY 9, 2023

AI and analytics will be will be critical to corporate success over the next two years, according to a survey by Gartner. Survey results indicate that strategists believe that, on average, 50% of strategic planning and execution activities could be partially or fully automated though only 15% are currently the case, Gartner pointed out. In addition, 79% of corporate strategists said that technologies such as AI, analytics, and automation will be critical to corporate success over the next 24 mon

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CFO News

JULY 9, 2023

Rao has been amongst the highest-paid CFOs in the industry. The country’s largest construction major L&T CFO Shankar Raman received the highest remuneration at Rs 28.6 crore during FY22 amongst all finance chiefs across public companies; L&T is yet to publish its FY23 annual report. The country’s largest steel producer, Tata Steel CFO Koushik Chatterjee’s remuneration was Rs 15 crore in FY22; Tata Steel too is yet to publish its FY23 annual report.

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CFO Construction Finance 59

Advertiser: Paycor

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Future CFO

JULY 9, 2023

There’s a huge, important difference between rote repetition and deliberate practice. This is Part 3 of our series exploring what lessons major-league, professional sports coaches have for business leaders seeking to unlock human potential on their teams. The post The five T's of great coaches - Part 3: training appeared first on FutureCFO.

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CFO News

JULY 9, 2023

In their June quarter review, Dabur, Godrej Consumer Products and Adani Wilmar said sales volume growth improved due to a further drop in product prices and stability in demand.

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Sales 52

Cube Software

JULY 9, 2023

What is the purpose of a master budget? A master budget is a comprehensive financial plan that's created by combining all individual department and business unit budgets into a single, unified document.

Budgeting 52

Budgeting Planning Forecasting 52

CFO News

JULY 9, 2023

The ministry of electronics and information technology (MeitY) has received at least three proposals for the formation of self-regulatory organisations (SRO) for online gaming. The deadline for the submission of proposals was July 6.

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Technology 52

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.

Planning

Barry Ritholtz

JULY 9, 2023

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Lessons From the Catastrophic Failure of the Metaverse : Did the “creative class” learn anything from buying into a product that was obviously destined to flop? ( The Nation ) • How China Came to Dominate the World’s Largest Nickel Source for Electric Cars : Chinese firms mastered a process that unlocked Indonesia’s ore for use in making EV batteries. ( Wall Street Journal ) • Those 10,000 5-star reviews

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Leadership Manufacturing Investments Securities 102

CFO News

JULY 9, 2023

If the discussions on Mahindra Electric Automobile do lead to a favourable conclusion, the British development financier will be making its second-round investment in the Indian conglomerate.

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Investments 52

Barry Ritholtz

JULY 9, 2023

Have you signed up yet? We haven’t had this spirit here since 2006, when Facebook opened up to the general public. Or maybe 2010, with the launch of Instagram. Or 2017, with the launch of TikTok. Only this time it’s different, we’re not excited about a new platform because of the possibilities, but because of the hatred of the old platform, Twitter.

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Advertising Education Investments Numbers 103

CFO News

JULY 9, 2023

Jochen Zeitz, on his first visit to India after taking over as Harley-Davidson CEO, said the company's immediate priority, however, is to strengthen local sales with the HD X440, the bike Harley co-created with Hero. "We were manufacturing our 750cc also for the international market (here), so I am not ruling that out," Zeitz said, referring to India's export potential for the company.

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Manufacturing Sales Marketing 52

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

Finance

CFO News

JULY 9, 2023

"We expect banks under coverage to report nearly 60% on-year earnings growth led by 35% year-on-year operating profit growth and 20% YoY decline in provisions," said MB Mahesh, executive director at Kotak Securities. "We expect solid net interest income growth at 22% on the back of 16% YoY loan growth. We don't expect discussions on asset quality to emerge this quarter as well, as the portfolio appears to be holding up well across banks and product portfolios.

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Banking Securities 52

CFO News

JULY 9, 2023

The GST Council is likely to decide on a new rule in GST law under which businesses would be required to explain the reasons for excess input tax credit (ITC) claimed or deposit the amount with the exchequer, sources said.

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CFO News

JULY 9, 2023

The Goods and Services Tax (GST) Council is set to clarify the Tax Collected at Source (TCS) liability of e-commerce suppliers on 11 July. The announcement comes as part of a discussion about the Open Network for Digital Commerce (ONDC), which operates in two models: the inventory model and the marketplace model.

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CFO News

JULY 9, 2023

The growth in headcount, however, will only be reflected in the October-December quarter, said experts. The increased demand is led by companies having better visibility of demand. Despite the pick-up, the rate of recovery is still slower than anticipated, and significantly lower than the peak demand witnessed in 2021, they added.

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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.

Accounting

CFO News

JULY 9, 2023

Angel Tax has been a buzzword since the announcement of the budget in 2023 and even before. Startups are worried that the new tax amendments could be a double whammy for the startup community, which is already dealing with a funding winter. What are the implications? How will this impact the startup community? A detailed explainer is here.

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Startups Budgeting 52

CFO News

JULY 9, 2023

As per the financial data accessed by Tofler, the direct-to-home (DTH) company's revenue from operations for the fiscal year dropped 5.1% to ₹4,499 crore from ₹4,741 crore a year ago. Total expenses increased by a percentage point to ₹4,691 crore from ₹4,642 crore.

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Financial Data 52

CFO News

JULY 9, 2023

"The other segment is some assets, for example in the IL&FS case, which were categorised as 'red' based on the solvency rate and cash flows. Such difficult assets can be acquired by ARCs (asset reconstruction companies) at a discount which means debt levels will come down and servicing capacity with the same cash flow may go up. ARCs can give a longer time frame for repayment which will improve the ability of the existing cash flow to service the debt at that particular time," Mohapa

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CFO News

JULY 9, 2023

The committee of creditors had earlier approved funding of Rs 425 crore, but are apprehensive that such a requirement will be a hindrance to do business.

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Advertiser: Paycor

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