Wed.Apr 02, 2025

article thumbnail

Electric Vehicles: Innovation, Cost Fueling BYD’s Global Momentum

Global Finance

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,

article thumbnail

Federal Single Audits: The Top 7 Findings

The Charity CFO

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.

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

OECD: A World Awash In Debt

Global Finance

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

article thumbnail

CFOs need to hone tech, AI ‘fluency,’ Deloitte’s Glover says

CFO Dive

CFOs need to have a closer relationship with tech and IT leaders than ever before to craft forward-facing strategies, Deloitte’s James Glover said.

209
209
article thumbnail

From Curiosity to Competitive Edge: How Mid-Market CEOs Are Using AI to Scale Smarter

Speaker: Lee Andrews, Founder at LJA New Media & Tony Karrer, Founder and CTO at Aggregage

This session will walk you through how one CEO used generative AI, workflow automation, and sales personalization to transform an entire security company—then built the Zero to Strategy framework that other mid-market leaders are now using to unlock 3.5x ROI. As a business executive, you’ll learn how to assess AI opportunities in your business, drive adoption across teams, and overcome internal resource constraints—without hiring a single data scientist.

article thumbnail

Rupee projected to trade in range of 85.5-87.5 per dollar in FY26

CFO News

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.

More Trending

article thumbnail

KPMG: Competition for investments intensify for Singapore

Future CFO

With Singapore being a key player in global finance, challenges for its capital market are to be addressed, with competition for investments intensifying in the region, KPMG says. According to KPMG, the introduction of the global minimum effective tax rate of 15% under BEPS Pillar 2 poses challenges to the effectiveness of traditional tax-based incentives in attracting capital.

article thumbnail

US Premium Rewards MasterCard recognized as best in class

Bank of the West

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.

52
article thumbnail

The josh for Indian IPOs is high again. Does it indicate a market bottom?

CFO News

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.

article thumbnail

The Space Boom Is Here

Global Finance

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.

article thumbnail

The 2025 State of Financial Automation

Financial automation isn’t the future—it’s the now. BILL partnered with SMB Group to survey 750 US financial decision-makers and reveal how small and midsize businesses (SMBs) are using trends and insights to tackle challenges and drive growth. The responses are eye-opening! Download our 2025 State of Financial Automation report to uncover: Key automation trends for 2025 and beyond Top concerns and attitudes about automation How AI is driving smarter, faster decisions The challenges of the finan

article thumbnail

Muthoot Finance secures $ 250 million through USD-denominated senior secured notes, Trilegal advises

CFO News

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.

article thumbnail

El Salvador Now Offering Digital Assets

Global Finance

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.

article thumbnail

Poonam Gupta appointed as RBI Deputy Governor

CFO News

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.

45
article thumbnail

EU Defense Fund Could Transform Europe’s Defense Industry

Global Finance

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.

article thumbnail

8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

article thumbnail

India less vulnerable to US tariff shocks than others: Report

CFO News

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.

article thumbnail

Namibia Historic Election Seats First Female President

Global Finance

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%.

article thumbnail

Sebi’s REIT, InvIT reforms to boost liquidity, strengthen investor trust

CFO News

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.

article thumbnail

Helping Clients Grasp Abstract Retirement Income Strategies With Historical Market Visualization

Nerd's Eye View

For many financial advisors, a core part of the retirement planning process involves simulating whether the client's assets will last through retirement. Traditionally, these simulations take the form of either Monte Carlo analyses – showing the percentage of simulated outcomes in which the client finishes with assets remaining – or stress tests that assess plan durability under a handful of adverse scenarios.

article thumbnail

How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

article thumbnail

RBI may need to roll over net short positions to keep liquidity

CFO News

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.

Banking 40
article thumbnail

Scaling for Impact: A PE Guide to Add-On Integration & Value Creation

E78 Partners

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.

article thumbnail

Record no of companies, LLPs registered in March

CFO News

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.

article thumbnail

South Africa: Standard Bank’s Deputy CEO Bolts To Rival Absa

Global Finance

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.

Banking 52
article thumbnail

Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

article thumbnail

Deposit growth lags credit in March quarter

CFO News

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.

Banking 40
article thumbnail

Uncertainty And New Trends

Global Finance

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.

article thumbnail

Centre has started implementing PLI scheme for textiles on pan India basis: MoS

CFO News

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.

40
article thumbnail

BBVA’s Bank Takeover Advances

Global Finance

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.

Banking 52
article thumbnail

The AI Race Isn’t Just About Tech Superiority – Its the Supply Chain, Stupid!

The race to dominate AI is no longer about who has the smartest algorithms — it's about who can build and scale faster. Behind every AI breakthrough lies a battle for resources: data centers, compute hardware, power, and telecom infrastructure. And right now, even tech giants are hitting a wall. Our latest white paper reveals the six critical supply chain elements that are increasingly separating AI leaders from the rest.

article thumbnail

Venture debt remained flat in 2024 at $1.2 billion: Report

CFO News

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.

article thumbnail

Heineken Launches GenAI Lab

Global Finance

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.

article thumbnail

White collar hiring in March dips marginally by 1.4 pc: Report

CFO News

India's white-collar job market saw a slight dip of 1.4% in March 2025 compared to the previous year, primarily driven by declines in the retail, oil & gas, and education sectors. However, the IT sector, particularly emerging tech and startups, showed notable growth, as did unicorn hiring, especially in Chennai.