Wed.Aug 23, 2023

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People of color, women still hold under 15% of C-suite roles: study

CFO Dive

While white men still occupy a majority of CEO, CFO and COO seats, businesses are facing a backlash against diversity.

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CFOs expect inflation to settle down, optimistic on business performance in festive season

CFO News

With consumer price index (CPI) surging to 7.44 per cent in July and the central bank revising projection for inflation to 5.4 percent from 5.1 percent, inflation has shown worrying signs for business and the economy, finance head of companies are keeping eye on inflationary trends while driving growth. ETCFO brings to you how CFOs are dealing with inflation.

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Trending Sources

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Nike finance exec to replace Lysol parent’s retiring CFO

CFO Dive

The CFO change comes as consumer products giant Reckitt Benckiser Group is also transitioning to a new CEO.

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214: Nonkululeko Gobodo’s advice for shattering glass ceilings

CFO Talks

Nonkululeko Gobodo’s advice for shattering glass ceilings Written by: Leigh Schaller Nonkululeko Gobodo, one of the founders of what would become South Africa’s largest black-owned accounting firms as well as the first black female CA(SA) spoke to Chwayita Deliwe, co-owner of CN Outsourced Finance on the CFOClub Podcast. The two women shared their experiences of overcoming imposter syndrome, the value of self-belief and how gender roles need redefining.

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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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“Legacy IRA” Rollover To A Charitable Gift Annuity: Using This New Tax-Advantaged Opportunity To Help Clients Achieve Charitable And Retirement Goals

Nerd's Eye View

Charitable Gift Annuities (CGAs) have long been a popular way for individuals with charitable intentions to plan their legacies. By contributing a lump sum to a charity in exchange for fixed recurring payments for life (with any leftover funds after the donor's death going to the charity), the individual can ensure that their funds are directed towards a purpose that aligns with their values, while also retaining a steady source of income for the rest of their life.

More Trending

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A small step to the moon, a giant leap for India's space ambitions

CFO News

India's successful soft landing on the moon's south pole is expected to create commercial opportunities for both the Indian Space Research Organisation (ISRO) and private companies involved in the mission. Over 400 companies from the public and private sectors participated in the Chandrayaan-3 mission, paving the way for more global and commercial projects.

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An overlooked multi-trillion dollar opportunity in consumer business

Future CFO

There is an overlooked multi-trillion dollar opportunity in consumer business, said BCG recently. This overlooked multi-trillion dollar opportunity comes from the nearly one billion people worldwide who are 50 to 70 years old, according to a new BCG report titled Don’t Overlook Your Mature Consumers. Mature consumers constitute a large and growing segment that is currently responsible for 27% of spending — around US$7 trillion — each year across nine product categories in 12 key markets, BCG poi

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L&T, BHEL and so many companies a part of Chandrayaan-3; check the list here

CFO News

India's moon mission, Chandrayaan-3, successfully landed near the lunar south pole, making India the fourth nation to achieve this. Private sector companies such as Larsen and Tourbo's aerospace wing, Mishra Dhatu Nigam, Bharat Heavy Electricals, MTAR Technologies, Godrej Aerospace, Ankit Aerospace, and Walchandnagar Industries played crucial roles in supplying components and materials for the mission.

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Building and Maintaining Your Business Budget: The Essential Guide

Capital CFO LLC

Building and maintaining a solid business budget is a crucial aspect of running a successful small business or being an entrepreneur. It not only helps you stay organized and in […] The post Building and Maintaining Your Business Budget: The Essential Guide appeared first on Capital CFO+.

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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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Taxman takes affidavit route to uncover undisclosed foreign assets

CFO News

Till now many bought time and tried to dodge the tax office by denying ownership or links with any overseas assets with false submissions, often made in letterheads of their chartered accountants and lawyers. Later, if tax officials called their bluff, such plain submissions gave them the leeway to escape harsh consequences.

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927: A Phone Call from Someone Who Mattered | Matt Gustke, CFO, WooCommerce

CFO Thought Leader

No matter how many phone calls Matt Gustke receives during the span of his finance career, none will likely be more memorable or important than one he received nearly 22 years ago. At the time, Gustke, a research analyst for a major bank, was spending his days assessing the carnage piling up in the aftermath of the dotcom bubble burst. “The times were really weird, and uncertainty was everywhere,” comments Gustke, who despite the tech sector’s dotcom bust chapter assures us that he thoroughly en

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IBC recovery rates higher at 32.6% in large firms, shows IBBI data

CFO News

The aggregate recovery from large cases, each with admitted creditor claims exceeding Rs 1,000 crore, reached Rs 2.67 lakh crore out of admitted claims totalling Rs 8.18 lakh crore. Among the 720 companies salvaged through IBC up to June, 127 were considered large debtors. These cases demonstrated that stressed entities with substantial assets displayed a more significant rate of recovery.

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Comprehensive Guide to Workforce Planning

Spreadym

Workforce planning is the strategic process of identifying and aligning an organization's human resource needs with its overall business goals and objectives. What are the goals of workforce planning process? Workforce planning involves analyzing an organization's current workforce, forecasting future workforce requirements, and developing strategies to ensure that the right people with the right skills are available at the right time to meet the organization's needs.

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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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G20: India hopeful of reaching consensus on key trade areas

CFO News

Goyal was addressing the media at the G-20 trade and investment ministers' meeting in Jaipur on Wednesday. He said the members have deliberated on formulating high-level principles for digitalisation of trade and trade facilitation. "We are confident that tomorrow and day after ministerial meetings will come up with a concrete actionable outcome agenda, which will help the world withstand any future shocks," he said.

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Investing is the Study of Human Decision Making

Barry Ritholtz

Most people believe that investing is the science of generating a return on capital. That is an accurate but incomplete assessment. I believe it is more useful and comprehensive to define investing as the decision-making behavior of human beings as they interact with money: What their financial desires are, the risks they embrace, how they think about wealth, and what emotional pain they willingly suffer in order to generate that return on capital.

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ITC can’t be claimed till seller pays tax: HC

CFO News

The eligibility to claim ITC for a buyer hinges not only on the amount collected by the seller (dealer) via the invoice raised, but also on the timely remittance of this sum by the seller to the government. The responsibility of proving that the tax collected has been remitted to the government rests with the buyer.

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • The Pandemic Small-Business Boom Is Fueling the US Economy : Startup registrations remain 42% ahead of 2019 levels, with growing numbers of companies founded by women and minorities. ( Businessweek ) • Some Fed Officials Are Turning Cautious about Raising Rates Too High : Central bank officials face a puzzle as inflation slows, but economic activity is firmer than anticipated. ( Wall Street Journal ) see also How Hard Should the Fed Squeeze to Reach 2% Infl

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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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SAT refuses to grant relief to Eros against Sebi order

CFO News

The Securities Appellate Tribunal (SAT) has denied immediate relief to Eros International Media, its executive vice chairman, and CEO from SEBI's interim order restraining them from trading securities. SAT directed them to file a reply or objection along with a stay vacation application against SEBI's order within three weeks.

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New data law may make the trip tough for travel sector

CFO News

Significant data fiduciaries will also have to assess implications not just from a compliance standpoint, but the cash flow impact in tax laws as well under the law that came to effect earlier this month, experts said.

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BRICS nations must create space exploration consortium, get future-ready with tech: PM Modi at BRICS Summit

CFO News

In his address, PM Modi talked about using AI-based language platform to remove language barriers in society. "To remove language barriers, India has started AI-based language platform 'Bhashini' which has been widely used," he said.

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Vegetable prices to ease by September, RBI keeping close vigil on inflation: Governor Shaktikanta Das

CFO News

Reserve Bank of India Governor Shaktikanta Das stated that while core inflation in India remains elevated, the prices of vegetables could start to decrease next month as fresh crops arrive. This could potentially lead to a slowdown in vegetable inflation from September. Das also mentioned that the steady easing of core inflation indicates that the tight monetary policy is working.

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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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India's Moonshot Successful: Chandrayaan-3 successfully makes soft landing on Moon

CFO News

India's Chandrayaan-3 spacecraft successfully landed on the Moon on August 23, 2023, making India the fourth nation to achieve a soft lunar landing. The mission comes after an unsuccessful attempt in 2019 and shortly after Russia's own failed Moon mission. The spacecraft will now deploy a rover to explore the lunar south pole and gather data on the Moon's surface.

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Adani group EBITDA grows 42% YoY in Q1

CFO News

Core infrastructure and utility platform, which generates stable and assured cash flows, generated EBITDA of Rs 20,233 crore, accounting for 86 per cent of the total portfolio EBITDA.

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TVS Motor to double EV volume in FY24 amid new launches

CFO News

With a market share of 22 per cent in July, TVS Motor is India’s second largest two-wheeler EV company after Ola Electric.

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HC refuses to stay SpiceJet's interest liability in arbitral award to former promoter Maran

CFO News

The division bench of Delhi High Court on Thursday refused to stay its single-judge order upholding an arbitral award asking SpiceJet and its promoter Ajay Singh to refund Rs 579 crore plus interest of 18 per cent to media baron Kalanithi Maran.

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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.