Sun.Jan 14, 2024

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Thursday’s 10-year TIPS auction: Is it a must buy?

Tips Watch

By David Enna, Tipswatch.com Here’s a strange fact: Despite the surge higher in 10-year real yields over the last 16 months, no new-issue TIPS of this term has received a coupon rate of 1.50% or higher since July 2009.

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India ready to grow into a $35-trillion economy in 24 years, says Piyush Goyal

CFO News

Emphasising India's stature as a large and trusted economy, Goyal commended the global interest in investing, citing a meeting with a US investment house planning to double their $13-billion investment. Swarup Bose of Celcius Logistics Solutions was awarded Entrepreneur of The Year, Mohammad Hamza of Engineering & Environmental Solutions was recognised as Young Entrepreneur of The Year and Jayashree Nair of BDH Industries as Women Entrepreneur of The Year.

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Trending Sources

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965: Removing Complexity for Strategic Success | Emma Brown, CFO, Medius

CFO Thought Leader

For Emma Brown, it was as though she had just removed the sword from the fabled stone, a moment that would challenge the inclination to persistently question her own judgment when it came to business. As is often the case, Brown’s moment of insight occurred in a high-pressure situation. Faced with poor financial visibility and the need to prevent a liquidity crisis, she championed the notion that her company’s finance team take a radical approach.

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The benefits of using a cloud finance solution

Future CFO

Trusting the cloud to manage financial data and reporting can be a game-changer for financial planning and analysis. Organisations can find several benefits when they invest in a cloud-based solution and finance leaders must be able to maximise such. Financial performance management platform Planful enumerated the benefits that cloud finance solution can bring to the table: Cost savings and predictability.

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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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Budget 2024: Sitharaman may ramp up efforts to boost consumption demand, rural economy

CFO News

Budget 2024: Finance Minister Nirmala Sitharaman is set to present her sixth consecutive Budget with the focus on infusing more funds into the public's hands. Potential adjustments to tax slabs or an increase in standard deductions may be implemented. The budget may also allocate more funds for the rural employment guarantee scheme MGNREGA and offer higher payouts for farmers.

More Trending

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Record 273 stressed cases resolved via IBC in 2023

CFO News

The realisation proceeds were to the tune of ₹67,000 crore in 2023 against ₹20,860 crore in 2022, according to the Insolvency and Bankruptcy Board of India (IBBI) data yet to be made public. The jump indicates a "robust upward trajectory" in the IBC's (Insolvency and Bankruptcy Code's) effectiveness, the official said.

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Business leaders struggle to turn GenAI hype into reality

Future CFO

Business leaders are struggling to turn GenAI hype into reality, said Boston Consulting Group (BCB) recently. According to a survey of more than 1400 C-level executives in 50 markets and 14 industries, 66% of executives are ambivalent or outright dissatisfied with their organisation’s progress on AI and GenAI so far, citing three primary reasons for their dissatisfaction: a lack of talent and skills (62%), an unclear AI and GenAI roadmap and investment priorities (47%), and absence of strategy r

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Value growth hit in 2023, volumes fill consumer baskets

CFO News

For fast-moving consumer goods, a sharp price cut in edible oil dragged down value growth. A cooler summer and erratic rainfall impacted beverages and food, while rural markets stayed under pressure due to inflation. Value sales fell 4.5% during October-December, according to Bizom, which analyses data based on orders at nearly 7.5 million kirana stores.

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Global Tax Talk – Tax in 60 seconds with Will Morris

Future CFO

This week, PwC has a look at the past, present, and future. The OECD released revised Pillar Two revenue estimates – expect more reactions to the change in the headline number from previous estimates. There’s also ongoing commentary on the EU CBAM and potential global trade fragmentation. Finally, more to come on the need for an AI tax in the future.

Numbers 52
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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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Creditors say yes to fresh bids for Go First

CFO News

Creditors of bankrupt Go First Airlines allow fresh proposals from prospective resolution applicants (RAs). Five entities, including SpiceJet, express interest. RAs must submit bank guarantee and formal EoI. CIRP may be extended. Lenders skeptical of strong bids due to airline's struggles. Court battle with lessors. Lenders pursue arbitration against Pratt & Whitney.

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Cash vs. EBIT

The Finance Weekly

Examining a company's financial health is crucial when considering potential investments. One significant aspect to assess is the balance between a company's earnings and its financial obligations. To begin analyzing a company's financial structure, it's helpful to learn about concepts such as ,, Cash ,, and ,, EBIT. This article breaks down the key differences between Cash vs.

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Tata Consumer plans Rs 3500 crore rights issue

CFO News

The company, which announced the deals late last week, can move beyond commodities into fast-growing, high-margin, value-added food segments with the strength of its new portfolio, MD and CEO Sunil D'Souza told ET.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • What We Lost When Twitter Became X As a former Twitter employee, I watched Elon Musk undermine one of the Internet’s most paradoxical, special places. ( New Yorker ) • Buying Home and Auto Insurance Is Becoming Impossible : Huge losses from national disasters prompt industry to jack up prices and pull back from some markets; ‘worst possible scenario’ for consumers. ( Wall Street Journal ) see also Thousan

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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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Realty sector gets a 'prefab' boost

CFO News

In terms of homebuyer acceptance, according to Oberoi, an emerging interest exists, emphasising the need to bridge the information gap and dispel misconceptions. Educating homebuyers about the benefits, including cost savings and faster construction timelines, is crucial for fostering wider acceptance, he said. Homebuyers, recognising the advantages of this modern construction approach, are expected to play a pivotal role in driving its widespread acceptance across the country.

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KKR will deploy its next $10 billion in India faster than before, says founder Henry Kravis

CFO News

Kravis spoke to Arijit Barman on a range of topics that included US jobs and capital markets and the impact on deal-making, exits, PE consolidation and where in India KKR, one of the world's biggest private equity firms, will make the next big investment. From cyber security to data centres and financial services and AI, the scope is broad. If India can be a low-cost and efficient producer and the infrastructure and red tape continue to get better, Kravis is confident the economy will attract mo

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How India Inc is boosting productivity by using intelligent technologies

CFO News

Assembly lines are becoming less dependent on humans-the shop floor foreman's holler is headed toward extinction. Instead, data and intelligent technologies have taken charge of factory machines, instructing them on tasks that need to be completed.

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NCLAT approves settlement plan for Asian hotels

CFO News

The promoters, who operate the Hyatt Regency hotel near Mumbai airport, offered to pay the entire claims of lenders, trade creditors, employees and government dues, but the plan was rejected by the largest lender - UV Asset Reconstruction Company (ARC).

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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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There's no real reason and hurry for RBI to cut rates: Neeraj Gambhir, Axis Bank

CFO News

Now with the higher capital charge, the cost of funding from banks will go up and probably to some extent, there will be a volume impact as well. NBFCs were anyway borrowing from the bond market - at least the AAA- and AA-rated NBFCs. The bond market has seen the exit of a large borrower, which has created space for more NBFCs and for investors to diversify their exposure.

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Adani Power, Jindal Group companies, Vedanta in race for IL&FS Tamil Nadu Power

CFO News

IL&FS, as part of its resolution process, had recently invited expressions of interest (EoIs) to acquire a 92% stake in ITPCL held by IL&FS Energy Development Company (80%) and the group holding company (12%). This asset has two coal-based power plants with 1,200 MW capacity in Cuddalore with the potential to add nearly 2,000 MW more, a captive jetty adjacent to the plant, and a captive coal mine in Indonesia.

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Ram Mandir consecration: Banks eye huge deposits, business opportunities as lakhs of devotees set to throng Ayodhya

CFO News

Many banks have approached the Ram Mandir Trust for opening its bank accounts, given the donations and payments for various events at the temple. The upcoming consecration of the Shri Ram Janmabhoomi Mandir at Ayodhya has thrown open huge business opportunities for banks and financial services firms.

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