Fri.Sep 22, 2023

article thumbnail

Small business confidence hits post-pandemic high: U.S. Chamber

CFO Dive

The outlook among small businesses has brightened as economists upgrade forecasts for economic growth this year and in 2024.

article thumbnail

Nobody Knows Anything, Dot Plot Edition

Barry Ritholtz

The September Federal Reserve meeting is behind us we still have November and December ahead of us. Markets are nervous expecting another hike before years over before two cuts in 2024. My advice: ignore those expectations as they have been wildly inaccurate over the past few years; they have been mostly inaccurate over the past decade. When it comes to forecasting economic outcomes, the Fed is no better or worse than anybody else.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Big Ten schools produce more CFOs, fewer CEOs than Ivies

CFO Dive

The University of Virginia, Pennsylvania State University and University of Texas at Austin top the list of public schools that have produced sitting CFOs.

272
272
article thumbnail

Jeremy Grantham, Bubble Historian

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Jeremy Grantham, and Downtown Josh Brown discuss being the “Bubble Historian”, Inflation, Modern Valuations, the Four most Dangerous Words, Real Estate, Impact Investing, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Valuation 122
article thumbnail

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.

article thumbnail

Ex-CFO sentenced for tax evasion, hiding offshore accounts

CFO Dive

The former CFO of a Russian natural gas company was also ordered to pay a $350,000 fine and more than $4 million in restitution to the U.S.

CFO 159

More Trending

article thumbnail

Key Mistakes of Communication in Financial Teams

Spreadym

Effective communication in financial teams is crucial for making informed decisions and achieving organizational goals. However, several key mistakes can hinder effective communication in this context. Here are some common mistakes to avoid: Lack of Clarity: Using jargon or complex financial terminology without providing explanations can lead to misunderstandings.

article thumbnail

Financial Reporting Software - Where It’s At and Where It’s Going

Lime Light

Effective financial reporting processes and modern financial reporting software are changing the way CFOs and FP&A teams approach a critical component of financial control.

article thumbnail

Corporate India is going the extra mile to hit green goals

CFO News

Several companies in corporate India, including Infosys, Capgemini, Ericsson, and EY Global Delivery Services, are taking steps to reduce their carbon footprint and promote a greener future. Measures being taken include increasing the usage of electric vehicles, cutting down non-essential travel, phasing out CNG vehicles, and encouraging carpooling among employees.

article thumbnail

Financial Reporting Software - Where It’s At and Where It’s Going

Lime Light

Effective financial reporting processes and modern financial reporting software are changing the way CFOs and FP&A teams approach a critical component of financial control.

article thumbnail

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.

article thumbnail

Karnataka Bank to raise Rs 1,500 cr in equity to fund growth

CFO News

Karnataka Bank has announced plans to raise approximately Rs 1,500 crore in fresh capital through a preferential issue, rights issue, QIP, or other permissible modes. The bank's board has approved the issuance of equity shares to several companies. The funds raised will be used to strengthen the bank's financial foundation for future growth and meet the needs of its growing business.

Banking 52
article thumbnail

4 proven tactics to survive budget season for finance leaders (video included!)

Cube Software

As a former 3x CFO, I've survived my fair share of budget seasons—and so has my colleague , Chris Ortega (fractional CFO and CEO of Fresh FP&A). From budget season horror stories to tales of success, Chris and I discussed it all in our recent webinar, Surviving Budget Season: 4 Proven Tactics for Finance Leaders. We spilled our tricks of the trade and offered our best advice to ensure your upcoming budget season is productive, collaborative, and on target.

article thumbnail

LIC gets order demanding Rs 290.5 crore GST with interest and penalty

CFO News

Life Insurance Corporation of India (LIC) has received an order from Bihar Additional Commissioner State Tax demanding Rs 290 crore in goods and service tax, along with interest and penalty. LIC intends to file an appeal before the GST Appellate Tribunal against the order, which claims that LIC did not reverse the input tax credit availed and utilized on certain items.

52
article thumbnail

Travel providers welcome next-gen technology amid workforce constraints

Future CFO

Travel providers are embracing automation and next-generation technology to ease workforce constraints as they rebound from lows brought by the COVID-19 pandemic, said Deloitte recently. The travel industry is still recovering from the blows it took from the lockdown situations during the pandemic as there remains a shortage of frontline workers. In a survey, nearly all airports and half of hotels said they are adopting new technology in response to the labour gap.

article thumbnail

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.

article thumbnail

Delta Corp gets intimation alleging tax liability of Rs 11,139 crore GST

CFO News

India’s largest casino chain Delta Corp has been issued an intimation by the Directorate General of GST Intelligence, Hyderabad alleging tax liability of Rs 11,139 crore along with interest and penalty for the period from July 2017 to March 2022. If the dues remain unpaid it will be served with a show-cause notice, the company said in a stock exchange filing on Friday.

52
article thumbnail

How generative AI transforms the Indian GST management scene

Future CFO

Generative Artificial Intelligence has found its way into India ’s goods and services tax (GST) management landscape, serving as a powerful ally for accountants and businesses amid the complexities of the system. Chartered accountant Abhinit Singh shares his views on how generative AI is transforming in the GST management landscape of India. Enhanced Efficiency: The primary benefit of integrating Generative AI into GST management is the significant reduction in time and effort required for recon

article thumbnail

Creditors to get more time to file claims under IBC

CFO News

The Insolvency and Bankruptcy Board of India (IBBI) has extended the deadline for creditors to file claims beyond the usual 90 days in order to streamline the resolution process. Creditors can file claims within 90 days or until a resolution plan is sought under the Insolvency and Bankruptcy Code. However, they must provide valid reasons for any delay.

article thumbnail

10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • The scientific reason why you can’t stop going to Disneyland : To say a lot of people flock to Disneyland and Walt Disney World doesn’t do the mass migration justice. Each year, people descend upon the parks by the tens of millions, and many of them don’t fund the increasingly expensive experience by using their savings alone.

article thumbnail

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

article thumbnail

India's import curbs on laptops, tablets likely called off

CFO News

The Indian government has reportedly decided to cancel plans to impose licensing requirements on the import of IT hardware products such as laptops and tablets. Instead, the government will regulate inbound shipments through an import management system, with no immediate restrictions on imports. After six to eight months, an import authorisation mechanism will be put in place to grant quotas to firms importing IT hardware.

article thumbnail

5 Tips For Hiring a Fractional CFO

CFO Share

How do you choose the right fractional CFO? Hiring a financial guide for your business journey may feel daunting or overwhelming, especially as the fractional CFO market becomes more saturated with options. Here’s a roadmap to choosing the right partner for your small business. What Should I Look for in a Fractional CFO? Search beyond the numbers.

CFO 40
article thumbnail

Banmali Agrawala new chairman of Tata Advanced Systems, co aims to scale up defence biz

CFO News

Banmali Agrawala has been appointed as the new chairman of Tata Advanced Systems (TASL), the aerospace and defence solutions unit of Tata Sons. Agrawala, who is also a senior advisor at Tata Sons and chairman of Tata Electronics, succeeds Vijay Singh. TASL is focused on scaling up Tata Group's defence business and aims to become India's first private manufacturer of a military aircraft.

article thumbnail

Our larger strategy is to turn IndiGo into global airline: CEO Pieter Elbers

CFO News

IndiGo, with a market share of over 60% in India, is shifting its strategy to become a global airline rather than just focusing on domestic flights. As it becomes a more global airline, IndiGo may introduce changes to its services and products, including catering and potentially offering business class on longer routes. The Indian airports are adapting to support IndiGo's ambitions, and the airline sees potential for growth and improved pricing power in the evolving market.

article thumbnail

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.

article thumbnail

Adani Enterprises, Adani Energy amend articles of association

CFO News

As per the Securities and Exchange Board of India (Sebi) norms, corporate issuers of listed debt must ensure that their articles of association have a provision for debenture trustees to nominate a board director. In July, Sebi had clarified that even in cases where issuers were not structured as companies, there will be an obligation on them to appoint a nominee director.

article thumbnail

Indian exporters fear Canada row could disrupt shipments

CFO News

The diplomatic row between India and Canada has raised concerns among engineering and apparel exporters, who fear disruptions to their shipments to the growing market. Negotiations for a Free Trade Agreement have been paused, adding to the exporters' worries. India's merchandise exports have already fallen in recent months.

article thumbnail

Asian Development Bank appoints ICICI Lombard chief Bhargav Dasgupta as VP for market solutions

CFO News

Bhargav Dasgupta has been appointed as the Vice-President (Market Solutions) of the Asian Development Bank (ADB) for a period of 3 years. He will be responsible for managing the operations of ADB's Private Sector Operations Department and Office of Markets Development and Public-Private Partnerships. Dasgupta, who has over 35 years of experience, recently resigned from his position as MD and CEO of ICICI Lombard.

article thumbnail

Inter-ministerial discussion under way to ease FDI norms in space sector: Official

CFO News

The Indian government is considering further liberalising foreign direct investment (FDI) norms in the space sector to attract overseas players and private companies. Currently, FDI in the space sector is allowed up to 100% in satellite establishment and operations through the government route only. After the successful mission of Chandrayaan-3, three G-20 countries have expressed interest in collaborating with India in the space sector.

article thumbnail

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.