Sun.Apr 14, 2024

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I Bond dilemma: Buy in April, in May, or not at all?

Tips Watch

By David Enna, Tipswatch.com With Wednesday’s release of the March inflation report, the buying equation for U.S. Series I Savings Bonds became a bit clearer. We now know the I Bond’s variable rate will fall from the current 3.

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NFRA's order reveal multiple lapses by Pathak HD & Associates in Reliance Capital audit; debars audit partners

CFO News

NFRA penalizes auditors of Reliance Capital for oversight failures flagged by Price Waterhouse, imposing bans and fines in response to suspected fraud, revealing gaps in financial oversight.

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CFO’s guide to reducing the risk of fraud

Future CFO

In 2024 the risks of financial fraud have escalated, presenting a formidable challenge for CFOs worldwide. From the sophisticated Business Email Compromise (BEC) scams to internal data breaches, the avenues for fraud are as varied as they are damaging. Kyriba’s " CFOs Guide to Reducing the Risk of Fraud " is a comprehensive resource designed to empower financial leaders with the knowledge and tools to safeguard their organizations.

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ET exclusive: Tata Electronics seals semicon deal with Tesla

CFO News

The US-based electric vehicle (EV) major is keen to enter India, the world’s fastest-expanding major automotive market. Tesla promoter Elon Musk is reportedly visiting India this month for a meeting with Prime Minister Narendra Modi. Musk is expected to announce potential Indian investments, including a commitment of funds toward EV manufacturing facilities.

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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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A day in the Life: Reynaldo Abilo from Shell Pilipinas

Future CFO

Editor’s note: You can imagine how busy Reynaldo P. Abilo (pictured), Vice President for Finance, Treasurer and Chief Risk Officer as well as Executive Director at Shell Pilipinas Corporation is in a typical work day. While he’s passionate about his work, he has learned a lot from golf, which he started playing about a year ago. FutureCFO: What does a typical day look like for you?

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CFOs' economic confidence declines moderately in Q1

Future CFO

Economic confidence among chief financial officers declined moderately in the first quarter of 2024 and is slightly below its historical average, according to a recent study by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA). New orders improved again and are just above their average, the latest ACCA and IMA Global Economic Conditions Survey (GECS) says, but the capital expenditure index points to 'some caution' as concerns about co

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Indus Towers may benefit if Vodafone Idea gets money and invests: Analysts

CFO News

Cash-strapped Vi said it will open a sale of new shares on April 18 and close on April 22 to raise up to Rs 18,000 crore. This will be closely followed by a Rs 25,000-crore fundraising via debt. The company has already approved raising Rs 2,075 crore from a promoter entity through a preferential share issue.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Rise Of The Bee Bandits : Where once there was cattle and horse rustling, the American West is now confronting the theft of its bees. ( NOEMA ) • Why car insurance rates are so high : You’re paying a lot more for car insurance than you were in 2020. Here’s why. ( Vox ) see also Insurers Are Spying on Your Home From the Sky : Companies are using drones to check out roofs or to spot yard debris and unde

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CaratLane’s Mithun Sacheti, Binny Bansal back Xeed as Indian founders turn big local sponsors of funds

CFO News

In India, founders like Sacheti and Bansal are funding domestic funds like Xeed Ventures. The Rs 600 crore fund, with Premji Invest's backing, invests in startups like Charcoal.inc and Kredit.pe, led by Sailesh Tulshan.

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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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Factories around the world are slowly cranking into gear again

CFO News

The nascent industrial recovery is led by the world’s two biggest economies. Chinese manufacturing has made a strong start to the year, boosting the economic outlook, and US factory activity unexpectedly expanded last month for the first time since September 2022, buoyed by rising new orders and a jump in production.

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RBI steps up gold buying amid US dollar volatility

CFO News

RBI increases gold purchases to diversify forex reserves, with gold value contributing to record $648.5 billion. Gold acquisitions aim to hedge against inflation and currency risks, with increasing faith in gold amidst US dollar volatility and declining dollar reliability.

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Ex-Reliance Industries CFO joins Modulus as equity partner

CFO News

He will enter with 17.3% equity stake, which is set to increase over a period of time. Modulus is raising its second fund, targeting growth in the Indian private credit market, projected to be a $100-billion opportunity.

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Iran-Israel conflict: Exporters of basmati rice, tea worried

CFO News

Indian basmati rice and tea exporters are anxious about the impact of Iran's attack on Israel. Concerns over outward shipment and rising sunflower oil prices persist amidst the conflict, posing challenges for the industry.

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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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Not participating in India would be a big miss: TCS CEO K Krithivasan

CFO News

The US accounts for nearly half of TCS’ revenue and any recovery there augurs well for the Mumbai-headquartered company, which snagged a record $13.2 billion of deals in the previous quarter. A confident-sounding Krithivasan — who will complete a year at the helm of TCS in June — said his agenda now is to bring back growth for the $29- billion company.

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'World Bank's biz-ready formula & startup concerns on budget agenda'

CFO News

The Department for Promotion of Industry and Internal Trade (DPIIT) will take up for discussions lingering concerns of startups on issues around Angel tax, taxation of Employee Stock Option Plans and bank guarantee commitments in tenders in the upcoming budget to be presented after the general elections.

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India Inc embracing neurodiversity at workplace

CFO News

Corporate India promotes neurodiversity by hiring individuals with autism, dyslexia and ADHD. Companies like SAP, EY, Publicis Sapient, Accenture, Wells Fargo lead in creating inclusive workplaces, offering tailored programmes, and specialized hiring initiatives. Publicis Sapient has developed programmes specifically geared towards supporting neurodivergent individuals and people with intellectual disability.

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M&A deal activity set to pick up this year, may touch $75 billion: Ganeshan Murugaiyan, BNP Paribas

CFO News

Indian M&A activity set to rise to $75 billion in 2024, driven by private equity, IT, core industrial space, and pharmaceuticals, with influences from cross-border deals, M&A valuations, equity, debt markets, and IPOs.

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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.

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Exclusive: Byju’s India CEO Arjun Mohan resigns, founder Raveendran to return to helm daily ops

CFO News

Byju Raveendran returning to the top of daily affairs after nearly four years and is of significance as as a group of Byju’s investors voted in February to oust him as CEO of the company in an extraordinary general meeting.

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