CFO News
MAY 7, 2023
Financial leaders need to focus on long-term sustainability and incorporate environmental, social and governance factors into their businesses, senior finance executives said at an ETCFO panel discussion.
Future CFO
MAY 7, 2023
The top risks facing directors include economic and cyber risks particularly those associated with data loss and ransomware, said WTW and Clyde & Co recently. Economic risk was considered the top risk for businesses by 63% of global directors, closely followed by cyber risk at 62%, according to The Directors’ and Officers’ Liability Survey Report, jointly conducted by WTW and law firm Clyde & Co which collected responses from 40 countries around the world.
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CFO News
MAY 7, 2023
Dixit is currently designated as Senior Vice President and is heading Finance and Accounting Function at Bharat Forge. He will take over Kishore Saletore as the CFO.
Future CFO
MAY 7, 2023
How do business leaders find the balance between experimentation and risk with productivity and competitive advantage when it comes to AI? BCG’s Vlad Lukic, Managing Director & Senior Partner; Global Leader, Tech and Digital Advantage shares his insights on this question at the 2023 Milken Institute Global Conference. The post The Art of the Possible; GenAI | BCG at the Milken Institute Global Conference appeared first on FutureCFO.
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
CFO News
MAY 7, 2023
Finance Ministry has released the GST collection data for the month of April providing the list of top ten performing states. The revenues for the month of April 2023 are 12% higher compared with the same month last year, data suggested.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO News
MAY 7, 2023
In the Legatum case, the Dubai-based fund filed a tax return on October 19, 2018, reporting no income for the assessment year 2018-19. However, the tax authorities opted to scrutinise the return and subsequently issued a notice to the firm. The Assistant Commissioner of Income Tax (International Taxation), Mumbai, assessed the total income of Legatum's appellant at ₹17.136 crore.
CFO Thought Leader
MAY 7, 2023
Back in 2010, when the flow of hiring by investment banks had been reduced to a meager trickle of new faces in the wake of the economic downturn, Aneal Vallurupalli walked through the doors of San Francisco’s Union Square Advisors. For Vallurupalli—a recent graduate of a Bay Area college not necessarily known as a feeder school for investment banks—the job offer from Union Square seemed to validate the notion that banking was meant to be his career lane.
CFO News
MAY 7, 2023
Parachute hair oil and Saffola edible oil maker Marico said in a post-earnings management commentary that it expects gross and operating margins to move up by more than a percentage point in FY24 with easing raw material prices.
Barry Ritholtz
MAY 7, 2023
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Inside the Delirious Rise of ‘Superfake’ Handbags : Can you tell the difference between a $10,000 Chanel bag and a $200 knockoff? Almost nobody can, and it’s turning luxury fashion upside down. ( New York Times ) • ‘We’re All Worse Off ’ Britain is now paying the price for its decision to leave the European Union. ( The Atlantic ) • Straw Ban Arguments : How the overhyped environmental dangers of single-u
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CFO News
MAY 7, 2023
The SonntagsZeitung report says the alleged profit-sharing scheme dates back to 2008. It lists two payments of 50 million Swiss francs ($56.12 million) for 2019 alone, citing information from an internal staff meeting. It says the payments went to members of the bank's Asset Management division and that most of them do not feature in the company's annual reports.
CFO News
MAY 7, 2023
These deals were in the sectors of IT, business process management (BPM) and engineering research and development (ER&D) industries, said the M&A Trends and Outlook report, which was shared exclusively with ET.
CFO News
MAY 7, 2023
The deal will mark Blackstone's first healthcare investment in India with TPG staying on as a minority shareholder, holding about 30%. Notably, the deal was signed between the two private equity giants even as the sale itself is being challenged in court by Max Healthcare Institute, which has accused TPG of breaching the terms of an exclusivity agreement between them on a transaction.
CFO News
MAY 7, 2023
JSW Group, which internally values the family-held paints business at around $2 billion, has engaged Axis Capital as an advisor for the transaction and has begun preliminary rounds of discussions with several bulge-bracket global private equity funds, they said.
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CFO News
MAY 7, 2023
"For funding, we probably need about ₹700 to 800 crore through external debt, which we will have to raise. The remaining ₹800 crore will be funded through internal accruals," Ashish Dikshit, managing director of ABFRL told ET. "Our balance sheet is strong enough to raise that.
CFO News
MAY 7, 2023
After 20 years in the Indian Army - where he was deployed in counterinsurgency operations along the Line of Control in Jammu & Kashmir-Lt Col Rahul Ghangas (Retd) joined Amazon as a senior operations manager with the competitor monitoring team last year.
CFO News
MAY 7, 2023
"Because we took a very calibrated approach, today we have an inflation which is slightly above the tolerance limit, but which is constantly being worked at so it can be brought down," Reuters quoted Sitharaman as saying.
CFO News
MAY 7, 2023
Several senior officials are, however, seen to be holding up a decision on the applications, by neither accepting nor rejecting them, resulting in a pile up of cases.
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.
CFO News
MAY 7, 2023
The Ministry of Corporate Affairs is considering due diligence before admission to ensure that there is no unauthorised diversion of funds.
CFO News
MAY 7, 2023
Mankind Pharma's shares are commanding a premium of Rs 100-113 to its issue price of Rs 1,080 in the grey market. Research analysts predict an 8-10% higher opening on the listing day. At Rs 1,080 a share, Mankind Pharma is valued at a price-to-earnings of 30 times its FY22 earnings, valuing the company at Rs 44,000 crore post-IPO. Although Mankind Pharma is the fourth-largest Indian pharmaceutical company in terms of domestic sales, investors are advised to book profits on listing day given the
CFO News
MAY 7, 2023
Go First on Monday asked the country's company law tribunal to urgently pass an order on its insolvency plea, citing lessors' efforts to take back planes. Another plea is that the DGCA, Airports Authority of India (AAI), and private airport operators should not cancel any departure and parking slots allotted to the company. However, aircraft lessors opposed the airline's request, saying that insolvency proceedings cannot be initiated without hearing them.
CFO News
MAY 7, 2023
In an advisory to taxpayers on May 6, GST Network said it has been decided by the competent authority to defer the imposition of time limit of 7 days on reporting old e-invoices on the e-invoice IRP portals for taxpayers with aggregate turnover greater than or equal to Rs 100 crore by three months.
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.
CFO News
MAY 7, 2023
The Budget has estimated receipts of ₹48,000 crore in FY24 by way of total dividends from public sector banks and the RBI.
CFO News
MAY 7, 2023
"You obviously need to be aware of competition and you cannot ignore them in an environment like ours," said Sushant Dash, CEO of Tata Starbucks, the joint venture that operates Starbucks in India. "But what is more important is you do what you are good at, and if you do it consistently, doing it as per what the consumer requirements are, you will get your fair share.
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