Wed.Oct 16, 2024

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November election, event risks loom, drive volatility: Bloomberg Intelligence

CFO Dive

Finance chiefs should look to maintain robust, flexible portfolios as election and economic risks continue to impact volatility, Bloomberg’s Tanvir Sandhu advised.

Economics 294
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US IPO Market Picks Up Steam As Election Looms

Global Finance

Offerings are bouncing back, as the upcoming US election creates opportunities and risk. The US IPO market is seeing renewed momentum as the 2024 presidential election approaches, with investors and analysts eyeing potential opportunities ahead. Last week marked the busiest period for IPOs since February, with four out of five companies successfully pricing their offerings and raising a combined $1.1 billion.

Marketing 115
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Trending Sources

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NYSE poised to curb serial reverse stock splits

CFO Dive

The New York Stock Exchange is proposing rule changes to protect investors from deeply distressed companies that are “inappropriate for trading.

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Future-Ready Financial Institutions

Global Finance

A modern financial institution (FI) faces a challenging environment but a beguiling opportunity in Asia. Asia is the engine room of world economic momentum: it will account for 60% of global growth in 2024, according to the IMF, and has 60% of the world’s population. But it is also challenging to navigate. In addition to cultural and economic diversity, Asia also places great demands for leading-edge digital technology on FIs, with an increasing insistence on instant, low-friction services and r

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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M&A dealmakers seize on AI as strategic ‘cornerstone’: Dykema

CFO Dive

AI has spurred M&A volume in 2024, Dykema said, noting 55 transactions targeting AI start-ups during the first quarter compared with 38 during the final quarter of last year.

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More Trending

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Alternative Minimum Tax (AMT) Planning After TCJA Sunset: Preparing Clients To (Re)Encounter AMT After 2025

Nerd's Eye View

Since the Tax Cuts & Jobs Act (TJCA) was passed in 2017, few households have been subject to the Alternative Minimum Tax (AMT), which TCJA restructured so that it applied mainly to a select number of upper-income households. But with the anticipated sunset of TCJA in 2026 and the reversion to the pre-2018 AMT rules, a large subset of households will find themselves owing AMT – many of whom will do so for the first time.

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Ratan Tata was one of globalization's giants

CFO News

Ratan Tata passed away on October 7. He transformed Tata Group into a global giant, overseeing acquisitions like Jaguar Land Rover and innovations like the Tata Nano. His leadership helped Tata Group grow its worth from $4 billion to $400 billion. His legacy influences India's vision of itself as a global economic player.

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At The Money: Our Complicated Relationship With Cash

Barry Ritholtz

At The Money: Our Complicated Relationship With Cash with Dr. Daniel Crosby (October 16, 2024) How can we improve our relationship with money and earning, investing and spending? Full transcript below. ~~~ About this week’s guest: Dr. Daniel Crosby is the Chief Behavioral Officer at Orion Advisor Solutions, where he helps financial advisors apply behavioral science in their practice.

Finance 75
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AICPA & CIMA appoints CEO

Future CFO

The Board of Directors of the Association of International Certified Professional Accountants named Mark Koziel , CPA, CGMA, as the organisation’s next chief executive officer, effective January 2025. Koziel will succeed Barry Melancon , CPA, CGMA, who will retire at the end of 2024. The appointee currently serves as president and CEO of Allinial Global , an association of independent accounting and advisory firms.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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CFO Book Picks – September 2024

CFO Thought Leader

From fiction as a mental escape to deep dives into leadership, health, and emerging technologies, CFOs featured on the CFO Thought Leader podcast in September shared a diverse range of book recommendations. Their selections offer valuable perspectives on balancing business demands with personal growth. ADP CFO Don McGuire recommends Getting Things Done by David Allen, a classic guide to productivity and stress management.

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India to make digital connectivity affordable for emerging economies: Piyush Goyal

CFO News

India has a key role to play in making technology available in the Global South and in leading the world in fulfilling the Sustainable Development Goal (SDG) to make digital connectivity affordable across the globe, Union Commerce and Industry, Piyush Goyal, said on Tuesday.

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Shaping ADP’s Global Strategy: Don McGuire’s Unique CFO Journey

CFO Thought Leader

This story originally appeared on Forbes.com In 2021, ADP’s HR leader reached out to Don McGuire, then the company’s globe-trotting EMEA president, to gauge his interest in stepping into the CFO role. McGuire was surprised, as it had been nearly two decades since he had shifted away from the traditional finance track. In the intervening years, he had taken on various global leadership roles that diverged from the typical CFO path.

CFO 52
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India Inc intensifies training efforts to bridge semiconductor skills gap

CFO News

AMD, Micron India, and LAM Research are among companies seeking to close the skills gap by putting new recruits through technical bootcamps, teaming up students with employees working on next-generation technologies, setting up research labs in universities, and rolling out mentorship opportunities.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Nippon Steel’s Global Strategy Dented By Rebuff

Global Finance

The Japanese giant is betting its growth plans on its U.S. Steel acquisition, but political opposition is derailing the effort. What happens if the deal doesn’t go through? When Nippon Steel Corp. announced its $14.9 billion agreement to purchase venerable United States Steel in December, the most eye-catching aspect of the deal was not—as it soon would be—the negative reaction from American politicians and labor activists.

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Centre announces 3 CoEs for AI in healthcare, agriculture & sustainable cities

CFO News

The Union government on Tuesday announced the establishment of three Centres of Excellence (CoE) for Artificial Intelligence (AI) in healthcare, agriculture, and sustainable cities.

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Tata Trusts board meets to discuss appointment of third representative to Tata Sons; Noel Tata expected to join

CFO News

Tata Trusts own 66% of Tata Sons of which Sir Ratan Tata Trust and Sir Dorabji Tata Trust are primary Trusts. The Articles of Association allows the Tata Trusts to nominate one-third of the directors of Tata Sons.

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'Tough getting companies to ensure quality': Commerce Minister Piyush Goyal

CFO News

Commerce Minister Piyush Goyal urges Indian industries to focus on high-quality manufacturing to boost export competitiveness. He emphasizes self-reliance and states that quality manufacturing is essential for global market success. The government has issued more quality control orders recently, urging big players to support smaller units in this endeavor.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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Adani Energy Solutions acquires 2 SPVs from PFCCL

CFO News

​​Adani Energy Solutions Ltd (AESL) on Tuesday said it has acquired two project special purpose vehicles from PFC Consulting Ltd for cash consideration of about Rs 38 crore.

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Win for Musk’s Starlink as India says no to spectrum auction pitch from Ambani, Mittal

CFO News

India will allocate satellite broadband spectrum, favoring Elon Musk’s Starlink over an auction system advocated by Mukesh Ambani and Sunil Mittal. The government aims to attract foreign investment while balancing local telecom interests. Incumbent operators argue it creates an uneven playing field. Starlink awaits government approval to start operations in India.

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India recognised as source of cost-effective digital applications in Global South: IT Secy

CFO News

Apart from policy support and enabling requirements that big enterprises would have, there could be some ease of doing business issues for technology companies that require attention from time to time, and which are brought to MeitY's notice, he said.

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Bikaji Foods acquires 53% stake in Hazelnut Factory for Rs 131 crore; to compete in QSR space

CFO News

Bikaji Foods International has acquired a 53.02% stake in Lucknow's Hazelnut Factory for Rs 131 crore through its subsidiary. This strategic move will help Bikaji enter the Quick Service Restaurant (QSR) segment. The acquisition will be completed over the next two years, integrating Hazelnut Factory's retail stores in Lucknow, Kanpur, and Delhi.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Nirmala Sitharaman on official visit to Mexico to explore trade corporation between India-Mexico

CFO News

Union Finance Minister Nirmala Sitharaman arrived in Mexico for her maiden official visit. The aim is to strengthen bilateral ties between India and Mexico, focusing on trade, investment, technology, and innovation. During the visit, she will engage with political and business leaders, chair a Tech Leaders' Roundtable, and hold a bilateral meeting with her Mexican counterpart.

Finance 40
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GST Amnesty Scheme eases litigation burden, but questions on eligibility, legal risks remain: Experts

CFO News

How will the GST Amnesty Scheme under Section 128A help businesses resolve compliance issues from the early years of GST while waiving interest and penalties? What clarifications are still needed regarding eligibility and legal risks, and how does this scheme impact non-fraudulent cases from Financial Years 2017-18 to 2019-20?

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New ITR e-filing portal 3.0 to be launched soon, intended to be more user friendly and fast; Tax dept seeks suggestions

CFO News

New e-filing ITR portal: As per an internal circular by the income tax department, a new ITR e-filing portal IEC 3.0 is going to be launched soon. "Project IEC 3.0 is envisaged to provide not only a continuation of the services rendered by Project IEC 2.0, but also to put in place a significantly improved system to ensure a secure and user-friendly environment.

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Sale proceeds available to FPIs on settlement day: Sebi

CFO News

To boost operational efficiency and respond to concerns raised by Foreign Portfolio Investors (FPIs), Sebi on Wednesday said it has introduced measures to speed up the availability of sale proceeds for such investors, bringing them on par with domestic institutional investors.

Sales 40
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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.