Wed.Jul 17, 2024

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Sustainability experts: ‘Start preparing now’ for SEC climate rule, other disclosure regulations

CFO Dive

Despite the SEC rule’s temporary stay, sustainability experts said companies should not wait for the court’s ruling to begin preparing for compliance.

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Harnessing data and technology for sustainable reporting

Future CFO

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.

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Trending Sources

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‘Say-on-pay’ proxy support rises despite concerns about PSUs: EY

CFO Dive

The number of investor activist campaigns this proxy season rose to 691, a 2.4% increase compared with 2023, according to EY.

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Meet Alex Nursey

Castle Corporate Finance

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.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

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High interest rates dampen hopes for robust M&A recovery

CFO Dive

While M&A activity is gaining momentum, dealmakers continue to face a mixed macroeconomic environment, Boston Consulting Group analysts said.

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More Trending

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HSBC names CFO Elhedery as its next CEO

CFO Dive

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.

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Business Buy-Sell Agreements In The Wake of Connelly V. IRS: Ensuring Clients’ Business Succession Plans Don’t Create Future Estate Tax Issues

Nerd's Eye View

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

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GST Amnesty Scheme: Key Considerations for Budget 2024

CFO News

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.

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2024 Paris Games: Can The Olympics Finally Claim Financial Victory? (Part 1)

Global Finance

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.

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Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.

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Foreign flows in G-secs top $1 billion in two weeks

CFO News

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

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Budget 2024 proposals: Revamped PM Awas Yojana, affordable housing, increased income tax deduction for homebuyers

CFO News

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.

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Karnataka jobs reservation for Kannadigas: India Inc says move 'discriminatory', calls for it to be junked

CFO News

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.

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Nazara Technologies' two subsidiaries get Rs 1,120 crore GST demand notice

CFO News

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.

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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CBIC exempts these businesses from filing GSTR-9 annual return for FY 2023-24

CFO News

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.

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Government should spend 2.5 pc of GDP on health sector: FICCI panel chief

CFO News

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.

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PwC for extension of beneficial tax regime for new manufacturing cos

CFO News

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.

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PV Subramanyam calls Sebi’s move to start new asset class fantastic

CFO News

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.

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Navigating Corporate Travel Changes Post-Pandemic

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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Sebi mulls over raising F&O contract value from Rs 5 lakh to Rs 25 lakh: Report

CFO News

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.

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RBI may revisit 'withdrawal of accommodation' stance by September: SBI Research

CFO News

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.

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NCLT admits Axis Finance’s plea against Primat Infrapower & Multiventures

CFO News

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.

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State of the Economy: How macroeconomic indicators performed in June 2024?

CFO News

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.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Selection of PSUs for listing in the works to unlock value

CFO News

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.

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EU's carbon tax could cost India 0.05 per cent of GDP: Report

CFO News

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.

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Adani, Wilmar look to offload $670million JV stake

CFO News

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.

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5% uniform IGST on aircraft engine parts to expand the tax base and augment revenue, says Legal Experts

CFO News

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.

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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.