This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Is momentum shifting in the global electric vehicle (EV) market? Chinese EV maker BYD has surged ahead of Tesla, reporting $107 billion in 2024 revenue compared with Teslas $97.7 billion. BYDs net income in the fourth quarter was a record $2.07 billion, an increase of 73% year-on-year and up 29% quarter-on-quarter. Teslas Chinese rival is gaining global momentum, says Jacob Falkencrone, global head of investment strategy at Saxo Bank, with record-breaking earnings, rapid international expansion,
When it comes to Federal Single Audits , nonprofits often make costly mistakes that lead to compliance issues, financial weaknesses, and material deficiencies. We frequently see organizations transitioning to us from other providers struggling with these common pitfalls – needing our help to overcome them. Below, we break down the top audit findings and what nonprofits need to know to stay compliant.
Governments and companies worldwide borrowed $25 trillion last year, up $10 trillion over pre-Covid levels and nearly three times the total prior to the 2008 financial crash, according to a report by the Organization for Economic Co-operation and Development (OECD), a Paris-based intergovernmental group of 38 mostly rich countries. The report predicts further rises this year, with the aggregate central-government marketable debt-to-GDP ratio in OECD countries hitting 85%, more than 10 points hig
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.
The performance of Indian rupee in FY25, when compared with other global currencies, was relatively stable, with a stronger dollar weighing on all major currency pairs, a report showed on Wednesday.
The performance of Indian rupee in FY25, when compared with other global currencies, was relatively stable, with a stronger dollar weighing on all major currency pairs, a report showed on Wednesday.
BMOs U.S. Premium Rewards MasterCard has been recognized by money.com as one of the Best New Credit Cards of 2025. The card, which relaunched in August 2024 with an enhanced… Read more The post US Premium Rewards MasterCard recognized as best in class appeared first on About BMO.
Despite recent market volatility, several companies in India have shown renewed interest in IPOs, indicating market stabilization. Experts believe this signifies the absence of a prolonged negative return phase and highlights a strong Indian economic outlook bolstered by positive indicators and sectoral growth.
Falling costs, private investment, and new business opportunities are fueling a rapidly expanding space economy poised for major growth. Since ancient times, humans have dreamed of conquering the skies. Today, that vision is closer to reality than ever, as space presents promising commercial opportunities. A drastic drop in costsdriven by a surge in private investment over the past 20 yearshas accelerated this shift.
Trilegal advised Muthoot Finance Limited on the issuance of senior secured notes worth $250 million, due in 2029. This drawdown is part of MFL's $2 billion global medium-term note program. The notes are listed on NSE IFSC Ltd., with the proceeds earmarked for lending and other RBI-permitted activities.
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.
The European Commission (EC) last month produced a working roadmap for financing the EUs historic plan to bolster its defense readiness against a perceived military threat from Russia and reduce its security dependence on the US. If effected, the proposed $870 billion ReArm Europe packagenow renamed Readiness 2030could deliver an unprecedented dividend to defense contractors.
The government has appointed Poonam Gupta as RBI Deputy Governor for three years, who arrives after the vacancy left by MD Patra's departure in January. She is the fourth female RBI Deputy Governor in Indian history.
Namibia marked a milestone in its history on March 21, when Netumbo Nandi-Ndaitwah was sworn in as the countrys first female president. At 72, she joins a small group of female African national leaders, following Ellen Johnson Sirleaf (Liberia), Joyce Banda (Malawi), and Samia Suluhu Hassan (Tanzania), all of whom attended her inauguration. Nandi-Ndaitwah secured 57% of the vote, defeating her main rival, Panduleni Itula of the Independent Patriots for Change (IPC), who garnered 26%.
India will remain the fastest growing economy among the advanced and emerging G-20 countries and the large size of its domestic market makes the country less vulnerable to potential shocks from US tariff policy.
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 record dry powder entering 2025, Private Equity firms are aggressively pursuing add-on acquisitions to scale platforms and drive synergies as part of their five value creation levers. This “buy-and-build” strategy is particularly effective in fragmented industries such as technology, healthcare, and professional services, where consolidation accelerates growth and enhances valuation multiples.
SEBIs decision to simplify follow-on issue frameworks for REITs and InvITs aims to enhance liquidity, boost investor confidence, and align with global standards. The move simplifies fundraising processes, enforces sponsor lock-in provisions, and ensures market efficiency. This step significantly benefits India's real estate and infrastructure sectors by facilitating easier access to capital and maintaining long-term stakeholder commitment.
South Africas banking industry found itself in an uproar the night of March 16, when the heir apparent of its largest bankand the continentsquit to take the helm of a crosstown rival. Kenny Fihla, group deputy CEO of Standard Bank, CEO of its South African unit, and considered next in line to succeed CEO Sim Tshabalala, resigned that night; next day, he was named group CEO of rival Absa Bank.
The Reserve Bank of India's net short positions in the forward book surged to a record high of $78.6 billion in February. Most of the positions fall in the three-month to one-year category. This situation could potentially exert additional pressure on rupee liquidity as these positions mature and are rolled over.
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.
VOL. 39 NO. 4 Global uncertaintyeconomic and geopoliticalremains high. We go to press shortly after the announcement of a 25% tariff on all imported cars and related parts in the US, with additional announcements expected in the coming days. Reciprocal tariffs from other countries against the US are widely anticipated in the weeks and months ahead. These developments will undoubtedly affect economic forecasts worldwide as the extent and duration of the tariffs remain uncertain.
India saw a record number of company and LLP registrations in March, indicating strong investor confidence in the country's economic growth. March company registrations rose 27% year-on-year, while LLP registrations surged 62%, reflecting positive market sentiment amid external challenges such as US tariff policies.
The standoff surrounding Spanish bank BBVAs hostile takeover of Banco Sabadell remains in limbo. BBVA, however, is not relenting, describing the deal as the most attractive project in European banking. For this reason, BBVA continues to pursue approvals from regulators. On March 19, Moroccos central bank, Bank Al-Maghrib, became the latest to approve the transaction.
Deposit growth for South Indian Bank, Central Bank of India, and Punjab & Sind Bank ranged from 5.5% to 8.7% year-on-year in the March quarter, while credit growth was quicker, at around 10% to 16%. These banks also saw a reduction in their CASA ratio.
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
Heineken, one of the largest brewers in the world, announced the launch of its first global GenAI lab in Singapore to advance growth, productivity, and customer engagement across its global operations. The brewer established the lab in collaboration with research group AI Singapore. As part of Heinekens digital transformation drive, the lab aims to develop scalable GenAI offerings across vital business areas.
The government has started implementing Production Linked Incentive (PLI) Scheme for Textiles on Pan India basis, Pabitra Margherita, the Minister of State (MoS) for Textile said in a written reply to a question in Rajya Sabha.
El Salvadors Stock Exchange (BVES) is the first in Latin America to offer digital assets. Digital Exchange, BVES digital arm, will provide products after receiving the go-ahead from the National Commission for Digital Assets (CNAD) to be a digital asset provider. BVES claims it is the first regional stock exchange to establish a platform dedicated to the custody, issuance, management and trading of digital assets.
Venture debt refers to a variety of debt financing products applicable specifically to private equity and venture capital-backed companies. These are early-stage, growth-stage and late-stage startups that may lack positive cash flow and tangible collateral but have secured investments from venture capitalists.
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.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content