Wed.Mar 27, 2024

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Ford CFO: Bridge collapse will likely ‘lengthen’ supply chain

CFO Dive

The automaker will have to divert parts to other ports along the East Coast or elsewhere in the U.S., Ford’s finance chief said Tuesday.

CFO 292
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Pool of ‘unemployed CXOs’ grows as old firms refuse to match startup salaries

CFO News

“There are a large number of unemployed CXOs in the startup ecosystem – many of them are currently jobless, because neither are they willing to take pay cuts nor are they able to land a job in a large company that find them overpriced,” said Mayank Kumar, cofounder of edtech major upGrad. “Inflated salary and CXO designations are the two main reasons coming in the way of getting them another job,” he added.

Startups 104
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Trending Sources

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GameStop’s interim CFO gets permanent seat

CFO Dive

The appointment comes after significant churn in the position and as the company looks to turn around slumping sales.

CFO 284
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A 5-year TIPS will mature April 15. How did it do as an investment?

Tips Watch

Answer: Very well. By David Enna, Tipswatch.com I got a reader question this week about CUSIP 9128286N5, a 5-year Treasury Inflation-Protected Security that will mature on April 15, 2024.

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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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Mock earnings helped prep for IPO, Cava CFO says

CFO Dive

The restaurant chain’s blockbuster 2023 initial public offering was seen by some as a promising sign for the lackluster IPO market.

CFO 271

More Trending

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RBI gives banks and NBFCs a breather on AIF investments

CFO News

The RBI has said that provisioning will be required only to the extent of the RE's investment in the AIF scheme that is further invested in the debtor company, rather than on the entire investment in the AIF scheme.

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Accountancy profession faces declining number of entrants

Future CFO

Despite concerted efforts, the accountancy profession is struggling to attract and retain talent , and at the same time is facing declining number of entrants, a joint study by the Association of Chartered Certified Accountants and the Chartered Accountants Australia and New Zealand finds. Over half of the survey respondents for the study , which gathered insights from over 6,500 respondents, were Gen Y/Millennials aged 25-42, with 37% current auditors, 33% former auditors and the rest consideri

Numbers 52
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Indian Premium League: Premiumisation picks up pace for large consumer goods companies

CFO News

More than 70% of the new products launched by India's largest consumer goods maker Hindustan Unilever in last two years were in the premium segment. Around 65% of all new personal care product launches were in the premium segment for ITC Ltd, doubling the contribution of such products to the division's sales in the last four years to 38%. For the largest biscuit maker Parle Products, around 60-65% of new launches were in the premium segment as compared to 40% pre-Covid.

Sales 52
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Small Business Help ROI vs ROIC

CFO Share

Swimming the sea of financial metrics can often feel like drowning in alphabet soup. What is the difference between ROI and ROIC? Your expertise lies in innovation, customer engagement, and driving growth in your business; not memorizing financial jargon. Yet, understanding the financial underpinnings of your decisions is crucial for sustained success.

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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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Govt to borrow Rs 7.5 lakh crore in H1FY25: Finance Ministry

CFO News

The government outlines an ambitious borrowing plan, aiming to secure Rs 7.50 lakh crore, over half its annual target for FY25, in the first half of the fiscal year, alongside strategic debt management measures.

Finance 52
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Can Nonprofits Use QuickBooks?

The Charity CFO

QuickBooks is a popular accounting software used by businesses and individuals nationwide. As a nonprofit leader, you’ve probably heard of QuickBooks or may have even used it before. And you might be wondering if you can use QuickBooks for your nonprofit accounting. The answer is yes, QuickBooks Online can be configured for nonprofit use. Let’s dive into the benefits of using QuickBooks Online for your nonprofit and explore how to get the most out of the program.

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Fintech is making global payments its business

CFO News

Razorpay, Cashfree, PayGlocal, and new entrants rush for RBI's PA-CB licence to tap into lucrative B2B cross-border payments market. Fintechs eye big share of $250B SME exports, focusing on high margins and expanding services.

B2B 52
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Morgan Stanley raises India's GDP growth expectation for FY25 to 6.8%

CFO News

The forecast for FY24 GDP stood at 7.9%. "We expect GDP growth to track at around 7% in QE Mar-24 with GVA growth of 6.3% and thus F2024e GDP growth of 7.9%," the company said in its report.

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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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Indian lenders and Gazprombank in talks for deepening banking services

CFO News

Indian lenders and Russia's Gazprombank are in early-stage discussions to establish correspondent banking services for cross-border payments and trade support. Gazprombank aims to expand its operations in India and has engaged with Indian bankers to explore strengthening banking ties. The talks come amid challenges in international trade due to US-led sanctions on Russia.

Banking 52
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Reliance Power's 2 subsidiaries settle Rs 1,023-cr debt

CFO News

Reliance Power's subsidiaries settled debt of Rs 1,023 crore with Reliance Commercial Finance, owned by Authum Investment. The debt settlement follows the sale of a wind power project in Maharashtra. Reliance Power aims to become debt-free by March 31, 2024, after selling assets to retire debts.

Finance 45
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Adani family invests another Rs 6,661 crore in Ambuja Cement

CFO News

Adani family invests Rs 6,661 crore in Ambuja Cement, increasing stake to 66.7%. The fund infusion will be instrumental in increasing the capacity to 140 million tonnes per annum by 2028.

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RBI releases FY25 schedule for Monetary Policy Committee meetings

CFO News

Wednesday's dates are for the next financial year, with meetings scheduled all the way till February, next year. The second meeting will be held from June 5-7 while the next meeting is scheduled between August 6-8.

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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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Nearly 78% employees in India experience job burnout, says UKG study

CFO News

About 64% employees would readily accept a workload reduction for a commensurate pay cut, indicating that a majority of employees recognise the importance of a healthy work-life balance and are willing to prioritise it over financial gain. However, the study also shows that nearly 89 % of employees in India claim to be highly motivated by challenges and extra responsibility at work, while 76% believe that their work is more than just a ‘job’ to them and has a special meaning.

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More women running startups, on company boards: Nirmala Sitharaman

CFO News

Finance Minister Nirmala Sitharaman highlighted the increasing presence of women in startups and on company boards in India. Government schemes like Stand Up India and PM Mudra are empowering women entrepreneurs, with Swiggy recognizing and celebrating women's contributions to the F&B industry.

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'Go First lenders yet to decide on bids, airline's revival likely to be delayed'

CFO News

Both bidders had increased their bids earlier this month after initial scrutiny by lenders, necessitating an extension to complete negotiations, people familiar with the process said. "The committee of creditors (CoC) will meet either this week or early next week to finalise the extension of the timeline since a few more days will be needed to scrutinise and finally decide on the bids that are currently on the table," said a person aware of the process.

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Growing at closer to 18% per annum very possible for Federal Bank: Shyam Srinivasan

CFO News

Shyam Srinivasan, MD & CEO of Federal Bank, projects 15-18% bank growth, emphasizes NIMs importance, foresees sustained deposit growth, and anticipates potential rate cuts in the future based on inflation outcomes. He says: "We have a reasonable presence now in the south. We are looking at increasing our presence in the west, in particular the bigger metros like Mumbai and adjacent cities.

Banking 40
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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.