Sun.Apr 21, 2024

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Let’s weigh in on the I Bonds vs. T-bills debate

Tips Watch

By David Enna, Tipswatch.com Last week I was being interviewed by CNBC’s Kate Dore about I Bond investment strategies, and I found myself asking her a question: “Do you think the Federal Reserve has learned a lesson?

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • ‘Water is more valuable than oil’: the corporation cashing in on America’s drought : In an unprecedented deal, a private company purchased land in a tiny Arizona town – and sold its water rights to a suburb 200 miles away. Local residents fear the agreement has ‘opened Pandora’s box.’ ( The Guardian ) • Why don’t rich people eat anymore?

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Trending Sources

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What are the essential checkpoints for GST compliance in FY25?

CFO News

From annual submission form GSTR-4to verification and reconciliation of credit and cash balances on the GST portal, finance personnel need to cater to several GST related compliance during this fiscal.

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Gartner: strong ethical culture is not enough to stop noncompliance

Future CFO

As it turns out, compliance culture is not the best way to address the most common situation leading to noncompliance, according to a study by Gartner, Inc. This particular concern must be tackled by financial leaders as the technological research and consulting firm points out that most compliance leaders tend to focus on building an ethical culture in their organisations to boost employee behaviour , but it has a limited impact on addressing uncertainty about how to be compliant.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Companies now investing in premium office fit-outs

CFO News

Savills India data reflects a shift towards premium spaces, while tech players like Tushar Mittal drive demand amidst a growing construction industry.

More Trending

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Once Adani-heavy, 8 FPIs look to settle with Sebi

CFO News

The legal representatives of eight FPIs - Albula Investment Fund, Cresta Fund, MGC Fund, Asia Investment Corporation (Mauritius), APMS Investment Fund, Elara India Opportunities Fund, Vespera Fund and LTS Investment Fund - have filed a total of 16 settlement applications with Sebi.

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5 Habits of Highly Effective CFOs

The Finance Weekly

What could go wrong if your Chief Financial Officer (CFO) is not effective in their job? They could steer your company towards poor financial decisions, like risky investments, inaccurate budgeting, or insufficient cost control. Their absence of a clear financial strategy might also jeopardize the business, hindering the attainment of long-term growth and profitability objectives.

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FDI reform 2.0: Banking, defence, insurance reforms on table

CFO News

Officials said that although the bulk of the heavy lifting in terms of FDI reforms has been completed, talks are ongoing to see if conditions for these key sectors can be further eased. Any changes will be made after the elections that end on June 1.

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HSBC Geneva leak: ITAT says data is old, bank balance can't be taxed

CFO News

In a decision that could have a bearing on other `HSBC account’ cases, a tax tribunal last week has ruled that the I-T department cannot go back 16 years to reopen old matters to tax the ‘peak balance’ lying in such bank accounts. Why? Because, according to the Mumbai bench of the Income Tax Appellate Tribunal a quasi judicial authority a bank balance reflects 'assets' and not ‘income’, and, under the law, only income can be taxed.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Top IT firms saw wage bills rise 5.5% even as revenue growth dips

CFO News

IT companies' cumulative wage cost rose by Rs 18,036 crore in the fiscal year. Experts said this was due to continuity in lateral hiring in high-demand areas such as AI, machine learning, and cloud and engineering services, coupled with the salary increments, even though they are in the lower single digits.

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Track fishy transactions, RBI tells payment firms

CFO News

In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent any potential misuse of electronic fund transfer mechanisms to influence voters or indirectly fund candidates who are participating in the elections.

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AdaniConneX in talks with banks to raise $900-950 million

CFO News

This funding has been structured with an interest rate of 250-260 basis points above the Secured Overnight Financing Rate (SOFR) and a tenure of six years. SOFR is currently 5.3%, the person said. The proceeds will be used for expanding its data centre capacity.

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Inflation sustainably moving towards RBI target enough for a rate cut: Ashima Goyal

CFO News

Ashima Goyal emphasized India's resilience to supply shocks and anchoring of inflation expectations. Bhide expects food inflation to ease in 2024. Both acknowledged inflation risks from geopolitical tensions.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Tesla woos China customers with cheaper cars after Musk defers India visit

CFO News

Tesla Inc. has reduced vehicle prices in China amidst stiff competition. Tesla had earlier introduced incentives in China to attract consumers, countering competition from BYD. Musk meanwhile deferred his India visit, which was aimed to tap into a new market amid declining sales and stock prices.

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India presence imperative as part of worldwide expansion: CLA Global

CFO News

CLA Global is among the non-Big Four professional services networks, such as RSM, Baker Tilly, HLB, Mazars and Nexia, which, driven by the significant opportunities presented by India's growing economy, are rapidly scaling up their presence in the country.

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Q4 results today: RIL among 15 companies to announce quarterly earnings

CFO News

Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) is expected to report healthy numbers for the quarter ended March 2024, driven by robust O2C business and healthy growth in the consumer-facing businesses of Jio and retail.

Retail 40
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India's net direct tax kitty at Rs 19.58 lakh cr, exceeds revised estimates by Rs 13k cr

CFO News

India's net direct tax collections surged by 17.7% year-on-year to Rs 19.58 crore in fiscal year 2023-24, exceeding revised estimates by Rs 13,000 crore, reflecting economic buoyancy and rising income levels. Gross direct tax collections (provisional) for FY 2023-24 rose 18.48% to Rs 23.37 lakh crore, with refunds totaling Rs 3.79 lakh crore.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.