Fri.Nov 29, 2024

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The Future of Finance and Sustainability with Elizabeth Burns

CFO Talks

The Future of Finance and Sustainability with Elizabeth Burns The evolving demands of sustainability and financial performance are reshaping the role of CFOs in the energy sector. Elizabeth Burns, CFO of Gas du Cameroon (GDC), exemplifies this balance, demonstrating how strategic financial leadership can support environmental responsibility. Her work at GDC highlights the potential for finance leaders to drive impactful sustainability initiatives while ensuring organizational growth and resilien

Finance 98
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Weekend Reading For Financial Planners (November 30–December 1)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent study from Cerulli Associates shows that consumer trust in financial services companies has increased significantly over the past decade, with firms that provide a more personalized approach to providing financial advice seeing the best results.

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Trending Sources

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Members’ Profile: Rofhiwa Irene Singo

CFO Talks

Members’ Profile: Rofhiwa Irene Singo In this edition of our CFO Spotlight series, we are featuring Rofhiwa Irene Singo, an accomplished finance leader whose journey is a testament to resilience, adaptability, and impactful leadership. Currently serving as the Chief Financial Officer for South Africa’s Department of Justice and Constitutional Development, Rofhiwa brings over two decades of diverse experience spanning public and private sectors.

CFO 95
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Finance Minister Nirmala Sitharaman chairs review meeting of RRBs in Eastern belt

CFO News

Sharing the development on social media platform X, the Ministry of Finance posted on X, "Union Minister for Finance and Corporate Affairs @nsitharaman chairs the review meeting of the Regional Rural Banks #RRBs of the Eastern Belt, in Patna, today. Also in attendance are @samrat4bjp , Deputy Chief Minister of Bihar; M. Nagaraju, Secretary @DFS_India , along with Chairmen of RRBs and senior officials of @DFS_India.

Finance 40
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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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Never Mix Payroll and Household Survey Data

Barry Ritholtz

@TBPInvictus here (link is now to Bluesky) Let’s cut to the chase: A Hoover Institution analysis of California private job creation is off by a factor of 100. Between January 2022 and June 2024, the state created 523,700 private sector jobs — not 5,400 as claimed. MSM uncritically repeated the false number. I spend far too much time debunking economic b t.

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Belfius: Setting the standard for service excellence for public-sector, business and corporate clients in Belgium

Global Finance

Global Finance: Can you discuss your leading role in providing cash management services for public entities? Claudia Kabbe: What sets Belfius apart in the Belgian market are our dedicated relationship managers who provide specialized solutions, such as cash advances. These are collection accounts specifically developed to collect various public taxes: The amount of the advance available is determined based on expected receipts, and enriched reporting data enables automatic reconciliation in publ

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Indian startups raise $9.2 bn VC funding during Jan-Oct: Report

CFO News

About 984 venture capital (VC) funding deals were announced in India during January-October 2024, and the total disclosed funding value of these jumped by 44.4 per cent YoY to $9.2 billion during the same period, according to a report on Friday.

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VW India unit faces $1.4 billion tax evasion notice

CFO News

India has accused Volkswagen of evading $1.4 billion in taxes by misclassifying imports. The notice claims Volkswagen paid lower import taxes on car parts than required. The company should have paid $2.35 billion since 2012 but only paid $981 million. Volkswagen is currently examining the notice and cooperating with authorities.

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India's GDP expected to fall below 6.5 pc in FY25 amid slowdown in GDP growth in second quarter: SBI

CFO News

India's GDP is likely to drop below 6.5 per cent in FY25, with Q2 growth slowing to 5.4 per cent. The manufacturing sector faced significant declines, impacting overall economic performance. Despite resilience in services and agriculture sectors, industrial sluggishness pulled down growth. GVA growth stood at 5.6 per cent, marking challenges ahead for the economy.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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India's path to global leadership in accounting standards: balancing global norms with local needs

CFO News

India stands poised to reshape its accounting standards, integrating global best practices with its unique needs. Sunil Kanoria, Co-Founder of Srei Group and former President of Assocham, explores this pivotal transformation.

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Godrej Enterprises Group to intensify focus on exports to strengthen its global presence

CFO News

Godrej Enterprises Group plans to enhance exports to strengthen its global presence. They will also expand in new markets like automotive, warehousing, security, and aerospace. The group aims for a 20-25% growth in exports till FY27. Domestically, they will continue growing their consumer-facing and industrial businesses within India.

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Office rentals rising steadily in top 10 Indian cities, Pune leads: Report

CFO News

Office rentals have shown a consistent increase in India's 10 top cities with Pune emerging as the leader with a compound annual growth rate of 6.9 per cent over the last 12 years, according to a commercial property rental index launched by the Indian Institute of Management-Bangalore (IIM-Bangalore) in collaboration with CRE Matrix.

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Volvo Group Partners with Indian Universities to Shape Future Automotive Talent

CFO News

Bangalore (Karnataka) [India], Volvo signs MoU with Amrita University and Thapar Institute to build a stronger industry-academia engagement and enhance the engineering industry readiness.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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RBI to keep repo rate unchanged at meeting next week, chances of rate cut in Feb increased: Report

CFO News

The Reserve Bank of India (RBI) is expected to maintain its policy rate during its upcoming meeting next week, as GDP growth slowed significantly in the second quarter of FY25. However, the likelihood of a rate cut in February has increased, according to a report by HDFC Bank.

Banking 40
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IT hiring expected to grow by 10-12% in next 6 months: Report

CFO News

​Emerging technologies such as GenAI, Deep Tech, and Quantum Computing are set to create over a million jobs by 2030, the report by business services provider Quess Corp said. The report revealed that demand for talent across Global Capability Centres (GCCs) and cybersecurity during the Sept quarter sequentially surged across the country by 71% and 58%, respectively.

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Don't need to raise capital for our plans: Adani CFO

CFO News

Adani Group's CFO Jugeshinder Singh asserts that the group does not require external capital for its growth plans despite recent US charges. Highlighting the group's strong cash reserves, Singh also mentioned Adani Green Energy's withdrawn bond offering and the upcoming private placement of shares to raise $500 million.

CFO 40
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Paisabazaar receives Income tax notice over vendor payment

CFO News

The income tax department has sent notices to Paisabazaar, a subsidiary of PB Fintech, under the Prohibition of Benami Property Transactions Act, 1988, and section 142(1) of the Income Tax Act, 1961. This is part of a broader investigation into tax evasion by insurance companies and intermediaries, with an estimated evasion of Rs 30,000 crore.

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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India Inc saw CEO & MD salary increase by CAGR of 3% since FY20

CFO News

According to ETHRWorld's analysis of companies’ annual reports, the overall remuneration paid to CEO and MD stood at Rs 272.79 crore in FY20, which increased by almost Rs 42 crore to Rs 314.56 crore in FY24.

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Reliance's US unit buys $12 mln stake in helium explorer Wavetech Helium

CFO News

The billionaire Mukesh Ambani-run group, which operates the world's biggest oil refining complex at Jamnagar in the western Indian state of Gujarat, announced in 2021 investments worth $10 billion to develop its green energy portfolio and achieve its 2035 net zero carbon goal.

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Sebi penalises Reliance Securities for breach of norms

CFO News

Sebi imposed a fine of Rs 9 lakh on Reliance Securities due to multiple violations of market norms and stock brokers rules. The inspection found issues like inadequate systems for recording client orders, discrepancies in terminal locations, and lack of segregation at shared offices.

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Nine Adani Group stocks settle higher; Adani Green soars almost 22 pc, Adani Energy up nearly 16 pc

CFO News

However, shares of Adani Power declined 1.01 per cent and Sanghi Industries dipped 0.45 per cent.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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'I would know': Adani Group CFO says no bribery carried out by group executives

CFO News

Adani Group's CFO refuted U.S. allegations of a $265 million bribery scheme involving Chairman Gautam Adani and other executives. The CFO firmly stated that the claims are baseless and that nothing of that sort happened. The group plans to take legal steps. Adani shares have taken a hit, and various consequences are unfolding following the allegations.

CFO 40
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India’s GDP growth slows to 5.4% in Q2, lowest in 7 quarters

CFO News

India’s GDP growth slowed to 5.4% in Q2 of FY 2024-25, marking a sharp decline from last year’s 8.1%, as challenges in manufacturing and mining tempered growth despite strength in services and agriculture.

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India's core sectors grow 2% in September

CFO News

In September 2024, India's eight core sectors' output growth increased by 2%, with significant positive growth in Cement, Refinery Products, Coal, Fertilizers, and Steel. However, the crude oil sector experienced a 3.9% decline. The data, presented by the Ministry of Commerce and Industry, highlights variations in the performance of these essential industries.

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India cenbank devolves 70% of new green bonds, cutoff below 10-year note

CFO News

INDIA-CENBANK-GREEN-India cenbank devolves 70% of new green bonds, cutoff below 10-year note

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.