Future CFO
JULY 21, 2024
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.
Tips Watch
JULY 21, 2024
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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CFO News
JULY 21, 2024
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.
CFO Thought Leader
JULY 21, 2024
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.
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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.
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CFO News
JULY 21, 2024
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.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO News
JULY 21, 2024
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.
CFO News
JULY 21, 2024
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.
CFO News
JULY 21, 2024
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.
CFO News
JULY 21, 2024
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.
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for
CFO News
JULY 21, 2024
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.
CFO News
JULY 21, 2024
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.
CFO News
JULY 21, 2024
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.
CFO News
JULY 21, 2024
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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Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.
CFO News
JULY 21, 2024
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.
CFO News
JULY 21, 2024
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.
CFO News
JULY 21, 2024
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.
CFO News
JULY 21, 2024
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.
Speaker: Duke Heninger
With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.
CFO News
JULY 21, 2024
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.
CFO News
JULY 21, 2024
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.
CFO News
JULY 21, 2024
Union Budget 2024: The IT sector seeks digitalization and technological advancement, while the healthcare sector needs increased spending on technology integration.
CFO News
JULY 21, 2024
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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Gearing up for 2025 annual planning? Our latest eBook from the Operators Guild is your ultimate guide. Discover real-world solutions and best practices shared by top CFOs, drawn directly from discussions within OG’s vibrant online community. Learn from senior executives at high-growth tech startups as they outline financial planning strategies, align CEO and board goals, and coordinate budgets across departments.
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