Wed.Jul 31, 2024

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Fed holds rates steady; points to ‘totality’ of data needed for potential September cut

CFO Dive

The central bank continued to maintain rates at their 23-year high, but cracked open the door for a potential cut in September.

Banking 279
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Mastercard Seeks Caribbean Fintech Partners For New Products

Global Finance

Mastercard has issued a call to action for financial technology companies to solve financial issues in the Caribbean. In return, Mastercard offers expertise in complying with regional regulations, market entrance and the ability to license and certify products. “We’re more a network that enables various fintech to introduce new products into the market within the context of local regulations,” Mastercard’s country manager for Barbados, Jamaica, Trinidad & Tobago and the Eastern Caribbean, Da

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Trending Sources

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Microsoft, Alphabet disappoint investors in latest earnings season

CFO Dive

Wall Street is closely watching big tech companies to see if their heavy investments in artificial intelligence are paying off.

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Vodafone Idea In India Explores Alternative Avenues To Raise Capital

Global Finance

Facing looming 5G spectrum financing and rock-bottom data prices, Vodafone gets creative with alternative funding options. Numerous Indian companies and multinational subsidiaries in India are heading for IPOs in the next few months, as funding capital projects amid India’s infrastructure boom takes precedence over other corporate finance activities.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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How To Survive Your First SEC Audit: Preparing For The SEC Examination And Complying With The Information Request Letter

Nerd's Eye View

For SEC-registered financial advisors, the prospect of an upcoming examination by the SEC can be a source of high anxiety. This is especially the case with newly registered advisors or formerly state-registered advisors who recently became SEC-registered since they may be uncertain about how the examination process will work, what elements of the firm the SEC will dig into, or what information the advisor will need to provide to the examiners.

More Trending

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The SEC Playbook For Newly-Registered Advisers: Preparing For The SEC Examination And Complying With The Information Request Letter

Nerd's Eye View

For SEC-registered financial advisors, the prospect of an upcoming examination by the SEC can be a source of high anxiety. This is especially the case with newly registered advisors or formerly state-registered advisors who recently became SEC-registered since they may be uncertain about how the examination process will work, what elements of the firm the SEC will dig into, or what information the advisor will need to provide to the examiners.

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1,021: A Taste for Professional Growth: How the U.S. Coast Guard Granted Larry White an Expansive Finance Career

CFO Thought Leader

The year 1986 was a pivotal one for Larry White’s career in the U.S. Coast Guard. After entering the Coast Guard Academy in 1976 and graduating in 1980, White advanced through a series of operational roles before deciding to pursue an MBA at Columbia University. The Coast Guard agreed to underwrite this move, enhancing his resume and eventually making him an attractive candidate for high-profile roles in Fortune 100 companies.

Finance 52
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US Fed holds rates steady, nods to possible September cut

CFO News

While Fed officials are wary of any actions that could mar their data-not-politics approach to setting monetary policy, the steady drop in inflation in recent months prompted a broad consensus that the inflation battle was near its end.

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Cybersecurity: A key focus for North American Banks

Global Finance

Banks function in a digital economy where threats are constantly rising – there were twice as many unique cyber incidents in the third quarter of 2023 compared to the previous year. Building guardrails for banking customer data across a customer’s journey has gained paramount importance – from customer acquisition, as well as through customer engagement, retention and even at exit.

Banking 64
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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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India’s July manufacturing PMI eases to 58.1, Selling Prices surge to 11-year high

CFO News

Input costs climbed at one of the quickest rates in nearly two years, resulting in the steepest increase in selling prices since October 2013 and the fastest output price inflation in almost 11 years.

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Islamic Finance: Just For Muslim-Majority Nations?

Global Finance

The third installment of a Global Finance FAQ web series on Islamic finance. Islamic finance is today a $3.9 trillion industry spread over more than 80 countries with the bulk of it concentrated in very few markets. Comparing data from different sources shows that just 10 countries account for almost 95% of the world’s sharia compliant assets. Saudi Arabia and Iran lead the way with 25% to 30% market share each, followed by Malaysia (12%), the UAE (10%), Kuwait and Qatar (5.5%), Türkiye and Bahr

Finance 98
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Deluge of income tax notices likely this month

CFO News

Income tax notices are expected in the next month, with concerns about taxpayers slipping through the tax net due to the new reassessment law. Tax officials face challenges in compiling data on tax and income mismatches for financial years 2013-2018 before the September 1 deadline. There are worries about the mammoth task of issuing notices within a month and the potential interpretation issues that may arise.

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Infosys under investigation for GST evasion of over Rs 32,000 crore

CFO News

The document states that Infosys is under the scanner for the ‘non-payment of IGST on import of services as recipient of services.

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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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Govt exempts state-run firms from meeting public shareholding norms for 2 years, document shows

CFO News

All listed Indian companies, including public sector firms, are required to maintain a minimum public shareholding of 25% as per the market regulator's rules.

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Space tech startup GalaxEye raises $6.5 million in first round led by Mela Ventures, Speciale Invest

CFO News

ideaForge, Rainmatter, Navam Capital, Faad Capital, and Anicut Capital also participated. The funds will be used to launch the satellite ‘Drishti Mission’ and develop multi-sensor payload technology.

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AI firm Fractal eyes $400-500 million IPO at $3-billion valuation

CFO News

Fractal Analytics: The draft red herring prospectus is expected to be submitted to markets regulator Sebi by late September, they said.

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Low inflation and currency can amplify GDP to $55 trillion by 2047: Krishnamurthy Subramanian

CFO News

If you look at the fiscal deficit and inflation amidst a scenario where there have been twin crises - Covid followed by the Ukraine war - I think the macro fundamentals have looked very good when put against the previous global financial crisis. Firstly, it was only a demand-side shock and not a supply-side shock as Covid was and not immediately followed by another shock like the Ukraine war, says Krishnamurthy Subramanian.

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

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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'No frenzy in cement industry, structured expansion taking place'

CFO News

Adani Cement, led by CEO Ajay Kapur, is expanding in a structured manner, targeting acquisitions below $80 per tonne. The integration of recently acquired Penna Cement is nearly complete. Adani Cement plans to achieve a production capacity of 140 million tonnes by 2028, while benefiting from the Penna acquisition this quarter.

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India can replicate China’s 2000-20 growth story, defence, shipping can aid rupee appreciation: Goyal

CFO News

Commerce and Industry Minister Piyush Goyal highlighted India's potential for economic growth, suggesting that increased shipping, focus on electric mobility, and self-sufficiency in defense could lead to rupee appreciation. Speaking at an Assocham event, he drew parallels to China's growth from 2000-2020, aiming for a similar trajectory. Emphasizing infrastructure development, anti-corruption measures, and employment generation, Goyal predicted India could become a $5 trillion economy within 3-

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India's April-June fiscal deficit at Rs 1.36 lakh crore, sharply narrows on-year to 8.1% of FY25 aim

CFO News

India's fiscal deficit for April to June, or the first three months of this fiscal year, was at 1.36 lakh crore rupees, equivalent to 8.1% of annual estimates, sharply narrowing from the previous year's 25.3%. The government aims to narrow the fiscal gap to 4.9% of GDP in this financial year from 5.6% a year earlier.

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Government extends deadline for meeting MPS norms till Aug 2026

CFO News

The government has extended the deadline for central public sector enterprises and public sector financial institutions to meet minimum public shareholding norms until August 2026. It provides exemption to increase public shareholding to at least 25 per cent, with CPSEs below 25 per cent getting an additional two years for compliance. Five public sector banks still need to meet the 25 per cent minimum public shareholding requirement.

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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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RBI proposes new ways to authenticate e-payments

CFO News

The regulator, in draft guidelines, said that all digital payment transactions, other than card present transactions, will have to ensure that one of the factors of authentication is dynamically created, after the initiation of payment, and is specific to the transaction and cannot be reused. The RBI has prescribed AFA for all digital transactions done using cards, prepaid instruments and mobile banking channels but no specific factor was mandated for authentication, thus the digital payments ec

Banking 40
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Wilo Group names Devesh Singhania as CFO for India Region

CFO News

CFO Movement: Singhania was previously serving as Socomec Group’s CFO for the Southeast Asia Pacific region.

CFO 40