Thu.Oct 17, 2024

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The Power of Partnership for Financial Institutions 

Global Finance

The need for partnership can be seen through both a global and regional context. No bank or financial institution has a fully comprehensive global suite of services and a local or regional partner can support areas of non-core strength. No matter the geopolitical noise, the world remains highly connected and customers expect to be served seamlessly across markets.

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Sage Therapeutics CFO, GC, CTO to depart in wide restructuring plan

CFO Dive

The biotech will also be reducing its total workforce by approximately 33% and tapped its COO to take on responsibilities for finance as part of the restructuring.

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Trending Sources

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IBC may get a voluntary group insolvency mechanism soon

CFO News

India is introducing a voluntary group insolvency framework under the Insolvency & Bankruptcy Code to streamline the resolution of interconnected entities within a corporate group. Initially, it will exclude solvent companies and multinational groups. This initiative aims to speed up resolutions, particularly in cases like Videocon and others, by allowing creditors to choose coordinated or separate processes.

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Retail sales exceed forecasts, underscoring solid 2024 economic growth

CFO Dive

Recent signs of vitality have prompted some economists to mark up growth forecasts, despite weakness in manufacturing and a hiring slowdown early in the summer.

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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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'India's growth rate is among the shiniest parts in the world economy': Ajay Banga

CFO News

World Bank Managing Director for Operations Anna Bjerde said the bank is supporting the government turning the growth into jobs and also sustainable development.

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More Trending

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New relief for income taxpayers: CBDT allows other person to claim TCS credit for tax paid on expenses like foreign travel, study abroad

CFO News

New relief for income taxpayers on tax collected at source: The income tax department has amended the income tax laws to allow claiming of tax collected at source credit to other person than the collectee. However, the TCS credit can given to another person only if the collectee has submitted the declaration.

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AI will transform CFO Offices

Future CFO

A Wolters Kluwer survey reveals that the integration of artificial intelligence (AI) into finance functions is rapidly shifting from uncertainty to optimism. The report, titled AI in Finance: From Skepticism to Optimism , indicates that a significant majority of finance professionals are ready to embrace AI technologies, with 70% planning investments in the next five years.

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A Bold Move: How Family Led One CFO from the Corner Office to a Startup

CFO Thought Leader

Inside The Mentoring Round , CFO Aira Pineda reflects on her bold career move, leaving a high-profile role in the city to join Scrubbed, a small startup, in order to better accommodate her family. As CFO, her priorities for the next 12 months center on improving operational efficiency through data-driven decision-making and enhancing visibility with new KPIs.

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Kitces & Carl Ep 149: Do You Really Need A Business Partner… Or A Study Group?

Nerd's Eye View

Launching an advisory firm can be a daunting endeavor, requiring advisors to take on significant financial and responsibility with no guarantees of success. Given these challenges, advisors may consider bringing on a business partner to share both the costs and the burden of decision-making. By pairing with a partner in the firm's early days, advisors can benefit from their business partner not just by having someone to split costs and risks with, but also to consult with as a sounding board and

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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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Connecting with Your Audience, Communication, and Executive Presence

CFO Talks

Connecting with Your Audience, Communication, and Executive Presence In the fast-paced world of corporate finance, CFOs in South Africa are expected to do more than just crunch numbers—they need to be effective communicators. Communication is key in conveying financial insights to various stakeholders, from board members to employees. Your ability to connect with your audience and demonstrate executive presence can make or break your influence as a leader.

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States' capex growth to moderate in FY'25: Report

CFO News

State government's capital expenditure (capex) is expected to grow by 13 percent in FY’25, slowing down from 19 percent in FY'23-24 due to a slower start and lower revenues, according to Icra. Some states, like Maharashtra, have fiscal space for welfare schemes despite these challenges. Overall fiscal deficit of 13 states is projected at Rs. 8.8 lakh crore.

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PayNearby to invest $50-60 million in next 3 Years; CFO Vikas Jalan Says no rush for IPO

CFO News

PayNearby is poised to invest $50-60 million, aiming to significantly boost transaction volumes and onboard 500 million UPI customers. CFO Vikas Jalan shares insights on the IPO strategy.

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NSDL settles depository violation rule case with Sebi; pays Rs 3.12 cr

CFO News

The National Securities Depository Ltd (NSDL) on Thursday settled a case pertaining to alleged violation of depository rules with markets regulator Sebi after paying Rs 3.12 crore towards settlement amount.

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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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NCLAT closes insolvency proceedings against JHL as Max Healthcare settles creditor's claims

CFO News

The National Company Law Appellate Tribunal (NCLAT) has ended insolvency proceedings against Jaypee Healthcare, as financial creditors' dues were settled by Max Healthcare with a Rs 1,035.29 crore payment. The CIRP was initiated by NCLT following a petition by JC Flowers Asset Reconstruction Ltd.

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Direct tax mopup rises 294 percent in a decade

CFO News

Total number of taxpayers surged to 10.41 crore, from 5.70 crore in FY15, as per the data. The number of tax returns more than doubled to 8.61 crore in 2024 from 4.04 crore in FY15. The tax-to-GDP ratio showed a marked improvement at 6.64% in FY25 as compared with 5.55% in FY15. Tax buoyancy increased to 2.12 from 0.86, the data showed, with the contribution of direct tax to the overall tax kitty rising marginally to 56.72% in FY24, from 56.16% in FY15.

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It's collective responsibility to improve corporate governance, follow global standards: NFRA Chief

CFO News

Ajay Bhushan Pandey highlighted the need for sustained corporate governance reforms. Company management, independent directors and audit committee, statutory auditors, shareholders, and regulators make up the five lines of defence to improve corporate governance, he said.

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Vishal Mega Mart files updated IPO papers with Sebi; eyes Rs 8,000-cr

CFO News

The updated draft filing comes after Vishal Mega Mart's confidential offer document was approved by Sebi on September 25. The company filed its offer document in July through the confidential pre-filing route.

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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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It's collective responsibility to improve corporate governance, follow global standards: NFRA Chief

CFO News

NFRA Chairperson Ajay Bhushan Prasad Pandey stresses the importance of aligning Indian auditing standards with global norms to enhance corporate governance and attract investors. He highlights five defence lines in governance and calls for reforms to detect frauds early and foster global investor trust in India's growing economy.

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India Inc.’s spending splurge may not trickle down

CFO News

Indian conglomerates plan to invest $800 billion in the next decade. Most funding will go to existing businesses, but 40% will target new sectors like green hydrogen and electric vehicles. High interest rates, fiscal tightness, and local competition could pose risks. S&P sees execution and borrowing challenges due to unproven technologies.

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Zepto taps domestic family offices; Infosys, Wipro Q2 results

CFO News

Zepto is in talks with domestic investors for another fundraise which may value the company at $4.6 billion. This and more in today’s ETtech Top 5.

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GSTN's new ITC integration move to increase compliance, but clarity needed on discrepancies, say experts

CFO News

GSTN: The integration of GSTR-2B into GSTR-9 is expected to enhance the accuracy and consistency of tax filings, say experts.

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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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IBM drives manufacturing's digital shift with AI, IoT, and sustainability focus

CFO News

IBM Executive Director Rajesh Parameswaran outlines key trends and strategies to transform manufacturing through technology.

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Infosys adds 2,456 employees in Q2FY25, reversing trend after six quarters

CFO News

Infosys: The total headcount at the end of September stood at 317,788, up from 315,332 in the previous quarter (April-June)

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Sensex falls! These stocks are down 5% or more on BSE

CFO News

Stocks Plunged News: In the Nifty pack, 25 stocks were trading in the green, while 25 stocks were trading in the red.

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ASML CFO says export restrictions behind reduced China expectations

CFO News

ASML-RESULTS/CHINA (URGENT)ASML CFO says export restrictions behind reduced China expectations

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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.