Fri.Jul 07, 2023

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US IPOs rise in H1 but lag 2021 boom: EY

CFO Dive

Initial public offerings may recover during the second half of this year amid slowing inflation, falling commodity prices and renewed stability in the U.S. banking system, EY said.

Banking 240
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Why ERP is a Strong Strategic Move for Businesses Preparing for an Economic Downturn

Navigator SAP

Does it feel like the future has become more uncertain lately? If you and your business are worried about the direction of things, you’re not alone. The world has changed since the pandemic, and uncertainty about the direction of the business environment is a common sentiment. Confidence in the business environment decreased by more than 10 percent last year, according to the business sentiment index produced by business climate tracking firm, IBSWorld.

Economics 222
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Culture, ethics audits can prevent malfeasance: study

CFO Dive

CFOs can help to champion internal auditors when it comes to assessments of company culture, which can help boost long-term performance.

Auditing 260
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500!

Barry Ritholtz

Today, the 500 th episode of Masters in Business drops. 1 I have described the inspiration for the show as “ an audio version of Market Wizards ” but the actual pitch to Bloomberg was “Mark Maron’s WTF meets Charlie Rose” (that was before we knew about his, um, behavior). It has been a wonderful ride, one that I feel grateful and privileged to be on.

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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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Paysend’s Biondo banks on $30M media-for-equity deal

CFO Dive

The concept of trading ownership stakes for media time may appeal to more firms as marketing spending faces sharper scrutiny.

Banking 255

More Trending

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Sebi slaps Rs 1 crore penalty on Fidelity for violating FPI norms

CFO News

In August 2021, designated depository participant JP Morgan Chase informed Sebi about the delay in intimation of change in material information of Fidelity Investments Money Management. Following this, Sebi conducted an examination regarding the delay in intimation of change in material information.

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Weekend Reading For Financial Planners (July 8-9)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that recent survey data indicate that advisors are more satisfied and productive when they have more time to spend with their clients and when those clients fit within their ideal client profile, in terms of needs, specialties, or engagement levels.

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Big Four tax practices undergoing tech transformation

CFO News

The Big Four professional services firms are undergoing a significant overhaul of their tax practices, shifting from traditional advisory methods to tech-driven solutions, driven by two key factors: a surge in digitisation sweeping India Inc, and the tax department's expeditious digitisation initiatives in recent years.

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Episode 100 with Darren Rovell

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Darren Rovell, and Downtown Josh Brown discuss layoffs at ESPN, sports betting, the memorabilia market, Threads vs Twitter, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!

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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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Oppo says India operations unaffected by High Court's 23% deposit ruling

CFO News

The Delhi High Court has ordered Oppo to deposit almost a quarter of the amount it last paid Nokia as royalty, following a patent infringement case. The deposit must be made within four weeks. Oppo said the ruling related merely to a temporary deposit for warranty and would not affect sales or operations in India. Nokia filed the case against Oppo for alleged SEPs infringement nearly two years ago and has received no payment to date.

Sales 52
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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • Americans Have Quit Quitting Their Jobs : The rate at which workers are voluntarily leaving employers is approaching prepandemic levels. ( Wall Street Journal ) • The Case for Declining Core Inflation : We see four reasons to expect renewed declines in inflation this summer and beyond: 1) 9% pullback in used car auction prices we believe is only halfway done, 2) negative residual seasonality in the summer for CPI and PCE prices, 3) sharp deceleration in

Economics 106
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Bank borrowings jump to 8-month high in mid-June

CFO News

In the week ended June 16, bank borrowings were at Rs 5.05 lakh crore, the highest sum since the fortnight ended October 21, Reserve Bank of India data showed. The figures for the week ended June 16 marked the first time since early April that bank borrowings topped the Rs 5 lakh crore mark.

Banking 52
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Unlocking Value: 5 Benefits of Leveraging a Single Organization for Interim Services and Executive Search 

E78 Partners

In today’s dynamic and unpredictable business landscape, organizations often face the challenge of filling critical executive gaps quickly and effectively. According to a recent survey , 47% of CFOs reported being understaffed in critical roles. The traditional approach is to engage separate entities for interim executive services and executive search.

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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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HDFC merger may lead to 300 basis points deceleration in credit demand: Report

CFO News

The merger of HDFC with HDFC Bank, worth $40 billion, is expected to cause a deceleration in credit off-take to 13-13.5% this fiscal from over 15% last fiscal, according to a report. Personal loans and lending to non-banks drove an increase of 15.4% on-year to INR 140.2 lakh crore for the fortnight to June 16. Despite this growth, credit growth is expected to decelerate in FY24, the report said.

Banking 52
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Govt, global retailers, domestic toy makers to discuss ways to promote toy exports from India

CFO News

This event brings together key industry stakeholders, renowned international companies, and leading Indian manufacturers to explore the immense potential of India as a sourcing destination for the global toy industry.

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Reliance Retail set to cancel all public shares

CFO News

Global investment firm Bernstein in a May report valued the holding company of Reliance Retail, called Reliance Retail Ventures (RRVL), at $131 billion (â‚ą10.82 lakh crore). RIL owns 85% of RRVL, which in turn owns more than 99% of Reliance Retail.

Retail 52
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Vedanta Group to acquire semicon biz from sister concern Twin Star

CFO News

"Vedanta is committed to making India self-reliant in electronics. This is the beginning of the creation of a Silicon Valley in India, a cutting edge and world class electronics ecosystem. My dream is for every Indian youth to have an affordable smartphone, laptop and an electric vehicle," Vedanta Chairman Anil Agarwal said in a statement.

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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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'Reliance Retail independently valued at $92-96 billion'

CFO News

Reliance Retail, owned by Mukesh Ambani, the richest man in Asia, has been given a valuation of between $92 billion and $96 billion by independent consultants, EY and BDO. Reliance Retail Ventures, which includes both the core retail business, and Ambani's consumer goods business, raised $5.72 billion by selling a 10.09% stake last year.

Retail 52
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Reliance's Viacom 18 bags media rights for Major League Cricket

CFO News

Reliance subsidiary Viacom18 has won the media broadcast rights for the inaugural edition of Major League Cricket (MLC). The deal will allow Viacom18 to broadcast the league on multiple platforms, including via live streaming on JioCinema and televised broadcasts on Sports18. MLC commences on 13 July, with six teams participating.

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Small businesses that export their goods online are reaching three to six times more to the markets: Report

CFO News

According to the report, the small businesses from emerging economies are more focused on achieving success in exporting compared to those from advanced economies. The report reveals that small businesses worldwide demonstrate a remarkable level of activity, with at least 93% of them engaging in exporting their goods on diverse global marketplaces. Moreover, India is a notable new player in small business exports, with a 58% newcomer rate in cross-border trade.

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Would NBFCs do better than banks in a falling rate regime? Vinay Sharma answers

CFO News

“I would not really want to brush all NBFCs in a broad stroke and say that banks will be worse off compared to NBFCs in a falling rate regime. Banks still have a decent runway to go. Buy some of the NBFCs which are doing a good job in either their credit segments or credit quality will have some advantage of falling cost of deposits.

Banking 52
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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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Software firm Tridhya Tech raises Rs 26.4 cr through SME IPO

CFO News

The company has finalised the issue price at Rs 42 per share, the upper limit of its price band of Rs 35-42, thereby raising around Rs 26.41 crore, a company statement said.

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NRF Bill: Industry SPV to identify tech gaps, drive & fund R&D

CFO News

An SPV, consortia of Indian industry, is likely to be set up to take ownership of and drive the research agenda to meet specific technological/research gaps which are identified by the industry itself, ET gathers. “The idea is to let the industry itself take full ownership and drive R&D in problem areas and gaps by funding it in institutes.”, a person in the know told ET.