Sun.Jul 21, 2024

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Seizing opportunities in finance

Future CFO

Given the advent of artificial intelligence and machine learning, the accounting profession faces challenges in talent as it continues to navigate its way around digitisation and shifts in the market. It is why the accounting profession is in need to keep up with the technological trends and not be caught off guard by the hurdles on the way, fully understanding the weight and importance of upskilling and reskilling.

Finance 104
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A 10-year TIPS matured July 15. How did it do as an investment?

Tips Watch

By David Enna, Tipswatch.com On July 15, an ugly-duckling 10-year Treasury Inflation-Protected Security matured. It was CUSIP 912828WU0, first auctioned on July 24, 2014. I call it an ugly-duckling because the auctioned real yield was 0.

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Trending Sources

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Tax reforms in Budget 2024 that can boost capital flows and M&A transactions in India

CFO News

New India's fastest-growing economy needs strong capital flows and M&A. Budget 2024 should address valuation rules, share swaps, overseas mergers, capital gains, M&A financing, non-industrial consolidations, and listed transactions. Key focuses include competitive disadvantage, market confidence, anti-abuse conditions, and cleanup clarifications.

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1018: From Complexity to Clarity: Simplifying Business Segments for Investor Insight| Shelagh Glaser, CFO, Synopsis

CFO Thought Leader

CFOTL: Synopsis has led many lives over the last 40 years. Tell us about this Synopsis today? What is this company about today? Glaser: Synopsis has got many great chapters. What synopsis is about, in simple terms, is we make the software that people use to make it semiconductors. So if you will, we make this a thing that allows people to make the same.

CFO 40
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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Early birds report muted profit growth for April-June

CFO News

The first-quarter results season shows double-digit revenue growth, but profit growth slows down. Banks and finance companies lead the way with strong performances. Stay updated as more companies announce their results in the coming weeks.

Finance 45

More Trending

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Budget 2024 will lay foundation for dream of Viksit Bharat by 2047: PM Narendra Modi at the start of Parliament’s Budget session

CFO News

Budget 2024 expectations: This Budget is an important budget for Amrit Kaal. Today's budget will decide the direction for the next 5 years of our term, said PM Modi. Finance Minister Nirmala Sitharaman will present the first full Budget of the newly elected NDA government on July 23, 2024.

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Compensation gap between CEO & median employee widens in India Inc from pre-pandemic years, finds ET study

CFO News

An ET study identified the widening gap in compensation between CEOs and median employees in 35 major Indian companies post-pandemic. Companies such as Hindustan Unilever, Infosys, and Tata Steel witnessed a significant increase in CEO to median pay ratios from 2019-20 to 2023-24 due to higher variable pay, bonuses, and ESOP-linked earnings, with ITC's ratio rising to 400:1 in FY24.

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Budget recap: Indian businesses that got a leg-up in 2023

CFO News

In Budget 2023, key proposals included tax adjustments, customs duty changes, and MSME support. For Budget 2024, India Inc expects continued capex, reforms in key sectors, extended tax benefits, and measures to reduce business costs and boost consumption.

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Cost of equity in India is stable, reflecting maturity and resilience: EY survey

CFO News

The average cost of equity in India is 14.2 per cent, up 40 basis points since 2021, indicating strong resilience, according to a survey by EY. It also noted that the equity market risk premium has steadily shrunk over the past surveys.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Quick commerce changes the game: Retail Inc joins Q as India shops by the minute

CFO News

Indians are buying daily necessities and fast-moving consumer goods more frequently and in larger numbers than a few years ago, with researchers and senior executives attributing this to a growing trend of consumers seeking instant gratification, fuelled by burgeoning quick commerce.

Retail 40
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Create harmony in capital gains tax

CFO News

Taxation of capital gains from equity ownership has gained popularity in the Indian budget, aiming to direct household savings into more productive investments. However, this treatment leads to widening inequality and limits tax revenue growth. India's stock market is mature, and the effective tax rate favors capital, causing wealth concentration and tax arbitrage between wage and capital income.

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Budget 2024: Expectations on changes in capital gains tax, tight F&O norms, sops for startups, AI

CFO News

Union Budget 2024: The IT sector seeks digitalization and technological advancement, while the healthcare sector needs increased spending on technology integration.

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Budget 2024: Job creation, other booster shots likely for fitter economy

CFO News

Budget 2024: The upcoming budget is set to energize the economy through targeted interventions in job creation, rural areas, MSMEs, and technology. The focus remains on fiscal consolidation while enhancing support for infrastructure and high-tech sectors. Expect simplification of tax procedures and measures to boost foreign investments.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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SAFE market makes comeback as some Indians dodge rules to bet on foreign startups

CFO News

HNIs invest in 'SAFEs' in foreign startups, sidestepping RBI and FEMA regulations. Attracted by potential returns and simpler compliance, they misdeclare LRS fund uses. SAFEs assist early-stage startups but pose legal, penalty, and capital flight risks. Firms including Khaitan & Co warn of penalties based on market value.

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Byju's founder Byju Raveendran faces reckoning as startup implodes

CFO News

Potential insolvency is a dramatic turn of events for an entrepreneur described by one person who has worked with him as an extremely passionate and goal-oriented person who might adopt "an abrasive approach" in a crisis.

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RBI steps up measures to drain out excess liquidity

CFO News

RBI takes measures to manage liquidity as foreign inflows increase post JP Morgan index inclusion. Actions include selling government bonds and conducting sell-buy swaps in the forwards market. These steps aim to control rupee appreciation and excess liquidity in the banking system.

Banking 40
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Unease spreads through D-Street over ‘regulatory risks’

CFO News

Investors on Dalal Street are concerned about regulatory risks as authorities discuss curbing speculative trading. With the budget approaching, there is debate over potential tax changes on equities. Market shows mild signs of worry, but experts suggest a relief rally if current tax structure remains unchanged.

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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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Nirmala Sitharaman set to make history with seventh consecutive Union Budget

CFO News

Budget 2024: Finance Minister Nirmala Sitharaman will present her seventh paperless budget on July 22 during the Monsoon Session. Engaging with economists, MSMEs, trade unions, and the CII, the focus is on capital expenditure and employment growth. Farmers seek higher agriculture allocations. Six bills, including Bhartiya Vayuyan Vidheyak 2024 and the budget for Jammu and Kashmir, will be presented.

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Budget 2024: Economic Survey to be presented today, a day before Budget

CFO News

Budget 2024: Nirmala Sitharaman will present the Economic Survey before Budget 2024-25. GDP forecast rose to 7.2%, IMF predicts 7% growth. Inflation at 4.5%, retail inflation up. Fiscal deficit pegged at 5.1%. Capital expenditure increased by 11.1%, no tax hike before elections. RBI's repo rate combats inflation. President grants pre-budget permission before parliamentary debates.

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The economic impact of India's crypto legislation on the global market

CFO News

This has been driven by India’s Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, which is yet to be tabled but is becoming an era-appropriate necessity.

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Joe Biden withdraws from US presidential race, endorses Kamala Harris as Democratic presidential nominee

CFO News

US President Joe Biden has announced his decision to'step down' as the Democratic Party's Presidential candidate in the upcoming elections, following concerns about his mental stability and lack of confidence to beat Donald Trump. Biden's term ends on January 20, 2025, and he has endorsed his colleague and current Vice President Kamala Harris as his pick to run for the US Presidency.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.