Sun.Dec 17, 2023

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Amid continuing global headwinds, many senior execs from tech companies join ‘big four’ as partners

CFO News

Tech firms such as Accenture, IBM and Genpact have lost talent, said the people, along with Infosys, Wipro, TCS, HCL Tech and Tech Mahindra, with some of their senior executives moving either to consulting roles as Partners or senior level implementation and operations roles at the top four professional services firms.

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PodChats for FutureCFO: Capturing opportunities under an evolving payments landscape

Future CFO

Among all that has happened over the past few years following the COVID-19 pandemic, transformations within various areas of business have been seen here and there. The payments landscape is not exempted from these shifts, what with the current talks of digital transformation and technological advancements. Beyond these changes and shifts in the industry, the questions that arise are leaning towards the way of payment efficiency.

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Trending Sources

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ESG integration in Auditing: Navigating the frontier of accountability

CFO News

Sarika Gosain, Partner at Mazars in India, explores the transformative role of auditors in ESG integration, navigating challenges, and promoting sustainable business practices in India's evolving landscape.

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Questions surround this week’s 5-year TIPS reopening auction

Tips Watch

By David Enna, Tipswatch.com The Treasury on Thursday will offer $20 billion in a reopened 5-year TIPS, CUSIP 91282CJH5, creating a 4-year, 10 month Treasury Inflation-Protected Security.

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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

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Generative AI could boost India's economy by $1.2-1.5 trillion in the next seven years: EY study

CFO News

The EY report threw up valuable insights into how various industries are gearing up for the adoption of Gen AI. Based on a detailed survey that covered over 200 C-suite participants, the findings show that 60% of organisations acknowledge the significant influence Gen AI will have on their business models. However, around 75% express a low to moderate level of readiness to harness the benefits of Gen AI.

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More Trending

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If growth rate is not over 6%, India will remain lower middle economy by 2047: Former RBI Guv Raghuram Rajan

CFO News

The former RBI chief said some southern states are growing with regards to population at below reproduction rate, in other words, the fertility rate has fallen below reproduction rate thus slowing the growth. "In other words, we will start the process of aging at some point around that time, which leads to the alarming question if we don't grow faster, we will grow old before we grow rich, which means we all have all the burdens of an aging population to deal with also at that point," he

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2024 predictions for finance: From virtual payments to business travel (part 1)

Future CFO

SAP Concur has revealed key 2024 predictions for finance by its executives. For the upcoming year, AI is the connecting thread among SAP Concur executives’ predictions, the firm said, adding that AI is changing how all business is conducted, and travel, expense, and invoice (TEI) management is no exception. The 2024 predictions for finance from SAP Concur executive are as follows.

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Former bureaucrats find a seat at India Inc's boardroom table

CFO News

By roping in former revenue secretary Tarun Bajaj at the beginning of this month, Hindustan Unilever (HUL) became the second Nifty 50 and third FMCG company in the past six months to appoint a former bureaucrat as an independent director.

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The fundamentals of IAS 2

Future CFO

Financial reporting specialist and lecturer Adam Deller explains the basic principles of IAS 2, Inventories The post The fundamentals of IAS 2 appeared first on FutureCFO.

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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.

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Naredco recommends phase two of SWAMIH fund, MSME status for real estate sector in upcoming budget

CFO News

The National Real Estate Development Corporation (NAREDCO), the apex body of real estate developers in India, has urged the Union Finance Minister to remove income tax on unsold flats and demand MSME status for access to low interest loans. The developers' body has recommended phase two of the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund for stressed projects and ITC under GST for residential projects ahead of Budget FY25.

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Now And Then

Barry Ritholtz

Spotify : YouTube : Do they think we’re deaf? Why can’t they leave well enough alone? And going straight to the heart of the matter, John would have HATED this record. After the Beatles, John wanted to strip things down and make them more impactful. His vocal was up front and the records tended to be simple, even if produced by Phil Spector. Hell, listen to “Instant Karma,” that crunchy drum sound, but mostly John’s insightful and obvious yet with all his personality vocal.

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Advance tax mopup rises 20% YoY in April-December

CFO News

The Centre has budgeted ₹18.20 lakh crore from direct taxes in FY24, a 9.6% rise from the latest estimate available for FY23. The budget estimate (BE) for direct tax revenue in the last fiscal (FY23) was ₹14.2 lakh crore. It was later revised to ₹16.5 lakh crore and ended marginally higher at ₹16.61 lakh crore.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Retailers have a crime problem. It’s in the numbers : The issue is complex and often clouded by imprecise data. Sometimes from the industry itself. ( Retail Dive ) • Guns are seized in U.S. schools each day. The numbers are soaring. Last school year, news reports identified more than 1,150 guns brought to K-12 campuses but seized before anyone fired them, according to an investigation by The Washington Po

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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.

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Zee Entertainment sends letter to Sony Group Corporation, requesting an extension of cutoff to complete merger

CFO News

The cut-off date for concluding the merger is December 21. Zee had inked a deal to merge with Sony's India Culver Max Entertainment in December 2021. While the merger has received all the requisite approvals, differences have cropped up between the two over the CEO position.

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After RBI's tighter regulations, borrowing costs rise for NBFCs

CFO News

Cost of borrowing for companies, banks and non-banks through commercial papers (CP) and certificates of deposits (CD) has increased 15-25 basis points (bps) over the past month, data from Clearing Corporation of India (CCI) showed. One basis point is 1/100th of a percentage point. ​The increase in borrowing costs - particularly in the crowded three-month segment of borrowing - comes after the RBI on November 16 announced new regulatory measures for NBFC credit.

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India to become third largest economy in my third term, guarantees PM Modi

CFO News

Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse, the world's largest office complex, stating that India will be among the top three economies in the world during his third term. He highlighted the growth of the Surat diamond industry, providing jobs to 8 lakh people, and expressed confidence that India will achieve its economic targets.

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Number of GST return filers up 65 pc to 1.13 cr in 5 years; 90% filing tax payment form in time

CFO News

As per data shared by the ministry, 90 per cent of eligible taxpayers are filing GSTR-3B returns by the end of the filing month in current fiscal year, up from 68 per cent in 2017-18, the first year of GST rollout.

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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.

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SpiceJet, Sharjah's Sky One & Africa-focused Safrik Investments try late check-in for bankrupt Go First

CFO News

Shailendra Ajmera, the resolution professional (RP) managing Go First's corporate insolvency resolution process (CIRP), received requests from these entities- Sharjah-based aviation company Sky One, Africa-focused Safrik Investments and local airline SpiceJet- for conducting due diligence of the grounded airline during the past 10 days, people familiar with the matter said.

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ZEEL shareholders reject the reappointment of two independent directors

CFO News

The special resolutions seeking the reappointment of Vivek Mehra and Sasha Mirchandani as independent directors didn't receive the requisite 75% yes votes from the shareholders. Only 47.95% and 71% of the votes were cast in favour of the special resolution for the reappointment of Mehra and Mirchandani as independent directors.

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'Electronics, services exports to contain slide in growth rate;overall trade may dip 2.6 pc in 2023'

CFO News

In 2023, sectors which are expected to register growth include, aviation turbine fuels, motor gasoline, smartphones, basmati rice, motor car-medium size, turbo-jets, and auto components. Smartphone exports are expected to jump by about 93 per cent to USD 14 billion during the current calendar year as against USD 7.2 billion in 2022.

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RIL biggest wealth creator from 2018 to 2023: Study

CFO News

"A low-profile company, Lloyds Metals, has emerged the fastest wealth creator with 2018-23 price CAGR of 79 per cent," it said.

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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