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In this two-part feature on the economics of the Summer Olympics, Global Finance delves into the financial strategies and innovations that the 2024 Paris Games , which run from July 26 to Aug. 11, are implementing to avoid the pitfalls of past host cities. Part one explores the historical context of Olympic costs and the steps the Paris Games’ organizing committee is taking to ensure fiscal responsibility.
Buy-sell agreements are a common succession planning tool for business owners where, upon a triggering event like the death of one owner, the surviving owners have either the option or the contractual obligation to purchase the deceased owner's shares of the business. Traditionally, buy-sell agreements are structured either as cross-purchase agreements (where the surviving owners buy the deceased owners' shares directly from their estate) or entity-purchase agreements (where the business itself
Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.
Aaron Saw , senior subject manager – corporate reporting at the Association of Chartered Certified Accountants (ACCA), and Ricky Cheng , director and head of risk advisory at BDO Hong Kong , discuss how to use data and technology as enablers to produce high quality sustainability-related information. The post Harnessing data and technology for sustainable reporting appeared first on FutureCFO.
Aaron Saw , senior subject manager – corporate reporting at the Association of Chartered Certified Accountants (ACCA), and Ricky Cheng , director and head of risk advisory at BDO Hong Kong , discuss how to use data and technology as enablers to produce high quality sustainability-related information. The post Harnessing data and technology for sustainable reporting appeared first on FutureCFO.
The Lebanon-born banker was seen as an early front-runner to succeed Noel Quinn. Elhedery took a sabbatical in 2022, reportedly learning Mandarin, and was named CFO when he returned.
Alex is a senior manager at Castle Corporate Finance. He joined from Crowe in January 2021 as an experienced corporate financier, where he principally focussed on capital market and financial due diligence assignments. He also spent a period working for a Kent-based private equity backed healthcare business. Alex was promoted to senior manager in January 2024.
Contracted Annual Recurring Revenue (CARR) was an obscure metric in the SaaS world years ago. Today, it’s become a hot and controversial SaaS metric when discussing company growth and SaaS valuations. CARR is a forward-looking SaaS revenue metric that estimates the maximum revenue size of a SaaS company. CARR combines two important aspects of revenue: […] The post Understanding Contracted Annual Recurring Revenue: A Comprehensive Guide appeared first on The SaaS CFO.
The introduction of the Goods and Services Tax (GST) seven years ago remains a landmark reform in India. Kartik Solanki, Partner, Indirect Tax, BDO India, explores the evolving landscape and the newly proposed Amnesty Scheme.
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Budget 2024: Homebuyers and the real estate sector want significant growth-oriented measures from Finance Minister Nirmala Sitharaman in Budget 2024. Sitharaman will present the first full-year Budget on July 23, 2024. From revised schemes under PM Awas Yojana, enhanced tax breaks to reviving Credit-linked Subsidy Scheme (CLSS) for homebuyers, here are six measures that real estate experts and aam aadmi expect from Budget 2024.
The Karnataka cabinet approved a bill mandating 50% reservation for locals in management jobs and 75% in non-management jobs in the private sector, along with 100% reservation for locals in "C&D" grade government jobs. Industry leaders, including Mohandas Pai and Kiran Mazumdar-Shaw, criticized the bill as discriminatory and potentially harmful to the tech industry.
According to an exchange filing, the Director General of GST Intelligence in Kolkata issued show cause notices to Openplay Technologies and Halaplay Technologies on Tuesday, July 16. The proposed liabilities are Rs 845.72 crore for Openplay Technologies and Rs 274.21 crore for Halaplay Technologies.
GST annual return: Now there is no need to file GSTR-9 annual return for FY 2023-24 as the Central Board of Indirect Taxes and Customs (CBIC) has exempted small businesses from filing annual return (GSTR-9) for FY 2023-24. Read here to know who is required to file GSTR-9 and who is not.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
With effect from July 15, 2024, Union Civil Aviation Ministry has announced the implementation of a uniform IGST rate of 5% on all aircraft and aircraft engine parts.
Mahajan said, "We would want the government fulfils its promise of spending 2.5 per cent of GDP on the healthcare sector as was promised many years ago. One has to realize that the healthcare sector also apart from taking care of the health of the public also provides many jobs.
PwC has recommended extending tax benefits for new manufacturing companies and introducing a tax amnesty scheme for Customs cases to Finance Minister Sitharaman before the upcoming budget presentation on July 23.
PV Subramanyam supports SEBI’s new asset class for Rs 10-15 lakhs investors, bridging mutual funds and Rs 50 lakhs PMS. It allows long-short strategies, SIPs, derivatives, and index funds, attracting HNI market, young professionals, and small PMS managers.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
A committee formed by the markets regulator to examine the futures and options segment has made preliminary recommendations aimed at reducing speculative trading. These recommendations, including the proposed agenda, are part of an effort to enhance stability and fairness in the derivatives market.
RBI may reassess policy in September due to a 0.1% drop in US inflation in May, potentially leading to a Fed rate cut. SBI Research notes June CPI driven by vegetables and monsoon. June 2024 saw higher core, rural, urban inflation and variability affecting Central India, Odisha, Bihar, and Karnataka. Services inflation, IIP, manufacturing, and electricity grew.
The Mumbai bankruptcy court has admitted Essel Group affiliate Primat Infrapower & Multiventures under the corporate insolvency resolution process (CIRP) following an application filed by Axis Finance Ltd. Axis Finance, a subsidiary of Axis Bank, approached the tribunal after the company defaulted on its dues. The Mumbai bench of the National Company Law Tribunal appointed Devarajan Raman as interim resolution professional for the company.
Retail Inflation and Wholesale Price Inflation increased to 5.08 per cent and 3.36 percent respectively snapping months long record; Unemployment rose to 8-month high at 9.2 per cent. Industrial production grew 5.9 per cent, UPI transactions saw a dip, while FPIs witnessed net inflows in June 2024.
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
The owners are exploring selling equal stakes that may total 13 per cent in Adani Wilmar, said the people, asking not to be identified as the information is confidential.
National Seeds Corporation and Central Warehousing Corporation could be among the first set of candidates for listing, as per preliminary discussions, according to the people. Meanwhile, the proposed listing of ECGC, which has an 85% share in India's export credit insurance market, is being expedited, they said. There are 170 unlisted non-financial central public sector enterprises (CPSEs), according to the Department of Investment and Public Asset Management (DIPAM) data.
Flow post inclusion in JP Morgan global index, analysts expect investment of around $2 b per month; India likely to reach maximum weight of 10% in Index over the next 10 months
The EU's CBAM taxes 25% on India's energy-intensive exports, impacting 0.05% of GDP, per CSE. Targeted goods: iron, steel, cement, fertilizers, aluminum. Exports to the EU made up 9.91% (2022-23). 26% aluminum, 28% iron, steel were EU-bound. CBAM-covered goods formed one-fourth of global exports. No hydrogen, electricity exported. Debates occur at UN climate conferences.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
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