Tue.Jan 23, 2024

article thumbnail

AI, fake CFOs drive soaring corporate payment-fraud attacks

CFO Dive

Generative AI tools like ChatGPT are making it easier for scammers to create bogus texts and emails as well as deep-fake voices at scale.

316
316
article thumbnail

ITR filing doubles to 77.8 million in 10 years

CFO News

The number of income-tax payers in India rose to 93.7 million in FY23 from 52.6 million in FY14. The tax deducted at source (TDS) emerged as the largest component of direct taxes, reaching ₹8.17 lakh crore in FY23, almost double the amount in FY18. In the last 10 years, net direct tax collections increased by 160.52% to ₹16.63 lakh crore in FY23 from ₹6.38 lakh crore in FY14.

Numbers 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

6 essentials for CFOs aiming to rise to CEO: McKinsey

CFO Dive

Corporate boards in the past decade have increasingly turned to CFOs to fill the CEO seat. McKinsey has highlighted the attributes boards seek in a chief executive.

286
286
article thumbnail

Crafting a Strategic Business Exit Plan: Mitigating Personal Risk Through Early Planning

VCFO

Embarking on the journey of selling your business is a pivotal moment for any entrepreneur. For many business owners, their enterprise stands as the cornerstone of their financial portfolio, representing the lion’s share of their net worth. In much the same way as, diversifying investments is a prudent strategy to mitigate personal risk, strategizing the sale of your business well in advance is an integral step toward securing your financial future.

article thumbnail

From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

article thumbnail

Future of labor’s ‘Great Reset’ is murky

CFO Dive

While 2023 saw SAG-AFTRA and other big labor actions, CFOs still hold some strong cards as inflation and automation raise workers’ job security concerns.

More Trending

article thumbnail

Qualcomm expands CFO’s role to include COO responsibilities

CFO Dive

Akash Palkhiwata’s move to the dual role is part of a rising trend where finance chiefs are absorbing operational responsibilities.

Finance 289
article thumbnail

The impact of technology on talent retention

Future CFO

In the world we live in today, technological advancements play a crucial role in talent retention , even in the finance function. While it is not an obvious point to see at first, the finance team is impacted by the many shifts in technology hence the digital transformation that is transpiring within the function. The next generation of finance professionals tend to gravitate to modern firms that embrace change and invest in new tools to serve clients.

article thumbnail

Conservative approach called best way to meet independent contractor test

CFO Dive

Some states take a tougher approach than DOL’s 6-part test taking effect in March. By meeting the state test, employers can better protect against challenges under the federal rule.

157
157
article thumbnail

Budget 2024: Telecom infrastructure providers seek simpler GST regime

CFO News

The Delhi-based group has also written to the Union Minister of Finance & Corporate Affairs Nirmala Sitharaman, seeking support for the telecom infrastructure industry in the upcoming budget.

article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

article thumbnail

Calculating revenue run rate: a metric to measure growth in SMBs

Cube Software

Understanding revenue run rate Revenue run rate is a financial metric that uses current revenue data to predict future financial performance. It's calculated by annualizing the revenue from a specific period—typically a month or a quarter—to estimate the total revenue if current business conditions continue for a full year. For example, if a company earned $50,000 in revenue in one month, the annual run rate would be $600,000.

article thumbnail

Disney Star faces unusual fallout: A potential $2-billion downgrade by Reliance amidst Zee-Sony turmoil

CFO News

Zee Entertainment Enterprises disputing its obligations to honour a $1.5-billion sub-licensing deal for the International Cricket Council (ICC) has raised the likelihood of an up to $2-billion downgrade of Disney Star by Reliance, on anticipated losses from the media rights agreement, people privy to the development told ET.

article thumbnail

FCF Valuation Monitor – Q4 2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Valuation Monitor – Q4 2023”. The FCF Valuation Monitor is a comprehensive valuation analysis for the German small / midcap market segment. Read more The post FCF Valuation Monitor – Q4 2023 published appeared first on FCF Fox Corporate Finance GmbH.

article thumbnail

CCI approves stake buy in Religare Enterprises by Burman family companies

CFO News

The Competition Commission of India (CCI) has approved the proposals for stake acquisitions in Religare Enterprises (REL) by four entities controlled by the Burman family members. These entities aim to acquire a majority shareholding of up to 53.94% in REL and collectively exercise joint control over the company.

52
article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

article thumbnail

#FA Success Ep 369: Breaking Through To New Growth By Changing Your Mindset Around Hiring (Complementary) Team Members, With Michelle Ogden

Nerd's Eye View

Welcome back to the 369th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Michelle Ogden. Michelle is the founder of Ogden Wealth, an RIA based in Maitland, Florida, that oversees $50M in assets under management for almost 120 client households. What's unique about Michelle, though, is that after seeing the challenges that come with too-fast growth in her husband's business, she decided to be very slow and methodical in her own growth and limit her need to rely

article thumbnail

Byju’s FY22 losses soar to Rs 8,245 crore; cash-strapped edtech explores rights issue at $500 million valuation

CFO News

The rights issue, where existing investors will be offered the option to buy new shares in Think & Learn, may value the edtech firm at anywhere between $500 million to $1 billion.

article thumbnail

Optimizing operating cash flow: a practical guide for finance leaders

Cube Software

Understanding operating cash flow Operating cash flow is the cash that comes in (and goes out of) company accounts from their main business activities.

Finance 52
article thumbnail

Union Budget 2024: FinTechs expect dedicated policies on cloud technology, CBDC

CFO News

FinTechs have started pouring in their expectations from Union Budget 2024 — from policy announcements on CBDC, increased credit corpus for MSMEs, incentives for further innovation in the sector and much more.

article thumbnail

Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

article thumbnail

Five emerging global trade dynamics in the coming decade

Future CFO

There are five emerging global trade dynamics in the coming decade, said Boston Consulting Group (BCG) recently. Among these five emerging global trade dynamics, ASEAN countries would emerge as some of the biggest winners in the new world trade order. The five emerging global trade dynamics ASEAN Trade Growth. Southeast Asian nations are predicted to grow US$1.2 trillion in the next ten years due to its emergence as a key destination for companies seeking to decrease their dependence on China f

article thumbnail

Indian electronics maker Dixon expects near-50% FY rev growth in 2024: Executive

CFO News

Electronics maker Dixon Technologies (India) expects a near-50% increase in revenue for the current fiscal year, driven by its mobile phone business. Dixon's Managing Director Atul Lall stated that the largest growth trigger is their mobile phone business. The company's revenue for the full year ending March is projected to be 180 billion rupees ($2.16 billion), with 40%-50% of that coming from its mobile phone manufacturing and assembly business.

article thumbnail

Transcript: Shomik Dutta, Overture Ventures

Barry Ritholtz

 The transcript from this week’s, MiB: Shomik Dutta, Overture Ventures , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in business with Barry Ritholtz on Bloomberg Radio. 00:00:09 [Barry Ritholtz] This week on the podcast, I have an extra special guest, Shik Dadda.

article thumbnail

Promotions boost gender diversity: More women get partner roles now

CFO News

In a trend catching up fast, India's top law firms are playing fair in gender diversity and promoting an increasing number of high-potential women lawyers to partner level and are going extra mile to retain them, industry insiders said.

Numbers 52
article thumbnail

Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O'Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

article thumbnail

Retailers go easy on expansion as slowing consumption bites

CFO News

India's top retailers, including Reliance Retail, Titan Company, Avenue Supermarts, V-Mart Retail, and Shoppers Stop, have slowed down their store expansion this fiscal year. The slowdown is attributed to a focus on profitability and a saturated market with limited room for new outlets. Jefferies reported that Reliance Retail has reduced retail business capex and store additions have decreased.

Retail 52
article thumbnail

58% Indian travel companies poised to increase ESG investments using tech, says report

CFO News

Amadeus's report reveals a promising shift in the Indian travel industry, with 58 per cent of companies intending to bolster ESG investments in 2024. Technology emerges as a crucial enabler for sustainability, but challenges persist.

article thumbnail

What Indian crypto industry wants from the Interim Budget

CFO News

Budget 2024: Relief from last year's stringent tax structure norms, setting up of an SRO and creation of sandboxes are on the industry players' wish list.