Tips Watch
SEPTEMBER 1, 2024
By David Enna, Tipswatch.com If you’ve been overpaying estimated taxes all through 2024 with the intention of purchasing paper U.S. Series I Savings Bonds in 2025 … it’s time for a new plan.
Future CFO
SEPTEMBER 1, 2024
Editor's note: In today's A Day in the Life , Simon Kong (pictured), VP Consulting, RGP delves into what leadership means to him, how he applies what he has learned from being a Scout Leader, and his work day as a Hong Kong-based business leader who covers the Asia Pacific region. FutureCFO: What does a typical day look like for you? Simon Kong (SK): My work at RGP is essentially a people business.
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The Finance Weekly
SEPTEMBER 1, 2024
Apple announced that its Chief Financial Officer (CFO) Luca Maestri will be stepping down starting January 1, 2025. But he is not departing from Apple permanently, instead, he will transition from his role as CFO to lead the Corporate Services team. This role encompasses information systems and technology, information security, and real estate. He will report directly to Tim Cook.
CFO News
SEPTEMBER 1, 2024
The CGST collections rose to Rs 30,862 crore, while SGST collections increased to Rs 38,411 crore. IGST, which includes revenues from imports, surged to Rs 93,621 crore, and cess collections amounted to Rs 12,068 crore.
Advertiser: Paycor
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Barry Ritholtz
SEPTEMBER 1, 2024
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Why Interest Rate Cuts Won’t Fix a Global Housing Affordability Crisis : Central bankers are lowering borrowing costs, but that won’t be a cure-all for a widespread lack of affordable housing. ( New York Times ) • Three Events That Speak to Greedflation : The Mars-Kellanova merger, the Kroger-Albertsons court case, and the monopolization lawsuit against RealPage all bolster her case against price-fixing.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO News
SEPTEMBER 1, 2024
CEO imposter syndrome is on the rise in India, with 73% of CEOs feeling stretched beyond their abilities due to rising pressures from company promoters and boards, regulatory risks, and constant digital scrutiny. Despite this, 89% state they are competent in their roles and 84% feel fulfilled in their current jobs.
CFO News
SEPTEMBER 1, 2024
What was seemingly a very shallow and restricted market of less than 500 interested parties for each share sale on average four years ago now draws applications that run into six figures. Statistics show from just 408 applicants on average in FY20 and 511 in FY21, these SME IPOs drew a staggering 2,19,000 applications so far in FY25.
CFO News
SEPTEMBER 1, 2024
The Reserve Bank of India is scrutinizing large write-offs of overseas investments by several companies, suspecting these might not be genuine business decisions. Concerns arise as some firms may have used the 'overseas direct investment' route to transfer funds abroad, bypassing regulations. The RBI is ensuring compliance with mandatory audit reports and valuation confirmations to validate the legitimacy of these investments.
CFO News
SEPTEMBER 1, 2024
Parent Coca-Cola Co will decide if the deal will involve one or two co-investors, or if negotiations lead to creation of an investor consortium. A decision is likely by the end of this fiscal year. ET was first to report on June 18 that Coca-Cola had sounded out a group of Indian business houses and family offices of billionaire promoters to buy into HCCB, an arm it eventually wants to take public to cash in on the bullish domestic capital markets.
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
CFO News
SEPTEMBER 1, 2024
The Reserve Bank of India is scrutinizing large write-offs of overseas investments by several companies, suspecting these might not be genuine business decisions. Concerns arise as some firms may have used the 'overseas direct investment' route to transfer funds abroad, bypassing regulations. The RBI is ensuring compliance with mandatory audit reports and valuation confirmations to validate the legitimacy of these investments.
CFO News
SEPTEMBER 1, 2024
In a pleasant surprise for the industry, two of the top four Indian IT companies, HCLTech and Wipro, are ramping up discretionary spends in the banking, financial services, and insurance (BFSI) segment. Experts, anticipating a rate cut in September, are hoping the revival of discretionary spending will be widespread in the next two quarters.
CFO News
SEPTEMBER 1, 2024
Traders betting on crypto platform WazirX have learnt that they are “unsecured creditors” of a Singapore company named Zettai (the Japanese word for ‘no matter what’). Zettai is the parent of the Indian company Zenmai (also a Japanese word, meaning ‘mainspring’) which operates WazirX. What does this tangle mean?
CFO News
SEPTEMBER 1, 2024
Labour and employment minister Mansukh Mandaviya chaired a review meeting with top officials of the ministry on Sunday to take stock on the progress towards the government’s vision of a universal social security for all as outlined in the Social Security Code. The ministry will set up an online window to help aggregators, companies that employ gig and platform workers, to take the lead in registering their workers on this eShram portal so that existing benefits can be made available to such work
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.
CFO News
SEPTEMBER 1, 2024
The Centre plans to launch a scheme to develop a sustainable electronics component ecosystem. The initiative aims to expand component manufacturing in the same way as mobile and electronics manufacturing has grown. The scheme could see up to Rs 40,000 crore allocated, with an expected investment of Rs 82,000 crore from successful applicants.
CFO News
SEPTEMBER 1, 2024
TCPL's portfolio of products includes tea, coffee, water, RTD, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks and mini meals. The company which has a consolidated turnover of Rs 15,206 crore owns key beverage brands including Tata Tea, Tetley, Organic India, Eight O'Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+ and Tata Gluco+.
CFO News
SEPTEMBER 1, 2024
The National Financial Reporting Authority (NFRA) has firmed up draft norms to overhaul the extant Standard on Auditing (SA) 600. The revised standard will apply only to listed companies and banks, barring the state-run ones. ET reported on Thursday that the ICAI had raised its concerns over the NFRA draft norm, which proposes to make the principal auditor of a corporate group responsible for the entire group's financial statements.
CFO News
SEPTEMBER 1, 2024
The GST Council is expected to exempt term life insurance policies from the GST while continuing to apply the tax on insurance policies with an investment component.
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.
CFO News
SEPTEMBER 1, 2024
India's growth is driven by investments in physical, digital, and social infrastructure, said Ashwini Vaishnaw, union minister for electronics and information technology, information and broadcasting, and railways. He further added that the government focuses on manufacturing through incentives like the PLI schemes, which increased job creation and production value.
CFO News
SEPTEMBER 1, 2024
This growth has also changed lives for the better, a factor that is equally crucial. “The key to Bharat’s future lies in this transformation,” the PM said. “Over the past decade, 25 crore people have been lifted out of poverty. Not only have these individuals emerged from poverty, but they have also formed a neo-middle class. The speed and scale of this transformation are unprecedented in any democratic society worldwide.
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