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 274
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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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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

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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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RBI Taps Into Instant Payment Systems Project Nexus

Global Finance

The Reserve Bank of India (RBI) joined Project Nexus, which aims to create a multilateral cross-border instant payment system (IPS) by 2026. Conceptualized in 2022 by the Bank for International Settlements (BIS), Project Nexus was the first project in the payments sector from its innovation hub. Though RBI has collaborated with seven countries to link the Unified Payments Interface (UPI) for bilateral payments, this is the first time it has joined a multilateral project, and will connect a poten

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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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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

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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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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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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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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.

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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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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

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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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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.

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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