Sun.Nov 10, 2024

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Now is a great time to build (or improve) a long-term TIPS ladder

Tips Watch

By David Enna, Tipswatch.com Because of a remarkable confluence of events, including last week’s presidential election result, real and nominal yields for U.S. Treasurys have been rising dramatically, up 40 to 50 basis points since October 1.

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Enterprise risk management remain undervalued, study finds

Future CFO

Business leaders are not sufficiently investing in their organisation’s risk oversight even amid risks that are increasing globally in volume and complexity, regardless of geography. This is the findings of the latest report by AICPA & CIMA and North Carolina State University’s Enterprise Risk Management (ERM) Initiative, revealing that 68% of respondents from Asia and Australasia report concerns on volume and complexities of risk increasing globally.

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Trending Sources

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The Financial Challenge of Employee Benefits for Growing Businesses

CFO Plans

Discover Cost-Effective Employee Benefits Solutions In the fast-paced world of financial services, businesses face numerous challenges, with managing the cost of employee benefits near the top of the list. These expenses not only affect the bottom line but are also key to attracting and retaining top talent. For businesses poised for expansion, understanding and strategically planning for these costs isn’t just advantageous—it’s essential for success.

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India moving towards gas-based economy from import dependent crude based economy: Hardeep Puri

CFO News

Union Minister Hardeep Singh Puri on Monday highlighted that India is moving towards a gas based economy from the crude based economy for its energy requirements.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Where’s all the Money in Personal Transformation? Why are rich people sad and spiritual people poor? ( The Leading Edge ) • X Is a White-Supremacist Site : Elon Musk has made one of Twitter’s most glaring problems into a core feature on X. ( The Atlantic ) • Why on Earth does Trump want to cancel the CHIPS Act??

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What’s cooking at Swiggy, Zomato? new business recipes

CFO News

The gambit by the two fierce competitors—which have battled each other for over a decade—comes even as they take on the might of ecommerce leaders like Walmart-owned Flipkart and Amazon alongside upstarts such as Zepto, in the red-hot quick commerce arena.

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India Inc finds the (short and) sweet spot when hiring expats

CFO News

Indian companies across various sectors are increasingly hiring expats for short-term assignments to address talent shortages and gain specialized expertise. These assignments, typically lasting six months to two years, attract highly skilled professionals seeking project-based work or technical leadership roles, particularly in industries like manufacturing, life sciences, and renewable energy.

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SBI expects to be first Indian company with Rs 1 trillion net profit in medium term: Chairman

CFO News

State Bank of India (SBI) Chairman, CS Setty, expressed optimism about achieving a Rs 1 trillion operating profit this year, driven by robust credit growth across sectors like petrochemicals, roads, and renewable energy. The bank aims for a 15% growth in its domestic loan book, reaching Rs 39 lakh crore.

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India Inc earnings downgrades worst since 2020. Are we staring at a bear market?

CFO News

Indian companies are facing their most significant earnings downgrades since the start of the COVID-19 pandemic in 2020, causing concern among investors. Factors like heavy rains, reduced government spending, and slowing demand in sectors like FMCG and retail have contributed to this trend.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Flender to invest in the Indian market to boost domestic manufacturing

CFO News

The company operates three production sites in Kharagpur (Kolkata), Chennai and Walajabad in Kancheepuram district, Tamil Nadu, to meet both local and global demand for wind turbine drive gearboxes.

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Singapore Airlines to invest additional Rs 3,195 cr in Air India post-Vistara merger

CFO News

Singapore Airlines (SIA) will invest an additional Rs 3,194.5 crore in Tata Group-owned Air India following the merger of Vistara, which is set to be completed by November 11, 2024. SIA will hold a 25.1% stake in the enlarged Air India. The investment includes SIA’s 49% stake in Vistara and Rs 2,058.5 crore in cash.

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Govt takes second shot at hardselling EV policy

CFO News

The Indian government is organizing a workshop to encourage companies to import premium electric cars at reduced tariffs. The scheme, launched last year, has seen limited interest so far. The workshop aims to gather feedback and clarify the scheme's rules, potentially attracting companies like Tesla to invest in India's electric vehicle market.

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Govt may raise EPFO wage ceiling and lower employee threshold for enhanced social security for workers

CFO News

The Indian government is considering raising the wage ceiling for the Employees' Provident Fund Organisation (EPFO) to ₹21,000 and lowering the employee count threshold for mandatory enrollment from 20 to 10-15. These measures aim to expand social security coverage for workers, aligning with the upcoming Social Security Code.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Tax appeals pending, recovery halted

CFO News

The Gujarat High Court has stopped the Income Tax department from collecting outstanding dues from five companies while their appeals are pending. The court criticized the department's lack of progress in addressing the backlog of over 5 lakh appeals under the faceless appeal system, highlighting the need for a concrete plan to resolve the issue.

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GST leviable on AAI-Adani concessionaire pact for Thiruvananthapuram airport: Kerala AAR

CFO News

The Kerala AAR ruled that the concessionaire agreement between AAI and Adani Thiruvananthapuram International Airport Ltd is a supply of services, making it liable to GST. This contradicts rulings by other state authorities that deemed similar airport transfers as "going concern" exempt from GST, highlighting inconsistencies in applying GST law across India.

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GST, customs, excise case hearings to be virtual by default now: Expert views on pros and cons

CFO News

GST case: The hearings of cases relating to Goods and Services tax (GST), Central Excise and Customs to be now made through virtual mode i.e. video conferencing. However if a taxpayer wants then by submitting a written request the proceedings can be conducted through physical mode. Read below to find out which mode is good for whom.

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India to focus on climate finance, accountability, protection for vulnerable communities at COP29

CFO News

India is poised to prioritize climate finance accountability and safeguarding vulnerable communities at COP29 in Baku. Leading a 19-member delegation, India will urge developed nations to accelerate their net-zero commitments and deliver on climate finance promises, emphasizing the need for equitable energy transition and robust support for adaptation measures.

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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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P&G India's sales cross $2 billion, but growth rate falls

CFO News

Procter & Gamble (P&G) India achieved $2 billion in sales in FY24, marking an 8% growth. Despite facing a market slowdown, the company's focus on product innovation and operational efficiency contributed to its success. P&G's largest division, Home Products, saw a significant 37% profit increase.

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Govt earns Rs 2,364 crore by selling office scraps in 3 years

CFO News

Prime Minister Narendra Modi lauded the efforts of Department for Promotion of Industry and Internal Trade (DPIIT) for displaying efficiency and earning Rs 2,364 crore in just three years through the sale of scrap from various government offices.

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AI agents more effective than GenAI for enterprise productivity: Deloitte Study

CFO News

Deloitte's study reveals that AI agents surpass GenAI in business automation, handling complex tasks effectively. Unlike LLMs with limited task comprehension, AI agents leverage tools and memory for intricate processes, enhancing productivity and program delivery.

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Fog lifts: IT spending revives on AI, BFSI gets growth and hiring surges

CFO News

India-centric IT firms saw signs of recovery in the first half of the fiscal year, driven by growing tech spends in North America's BFSI sector, increased hiring, and improved revenue guidance. Experts foresee further tech spending bolstered by Donald Trump's US election win, which may lead to lower business taxes and favor skilled immigration, setting the stage for Indian IT firms to expand and innovate.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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IS TRUMP GOOD FOR INDIAN BUSINESSES?

CFO News

In this analysis, seasoned finance expert Robin Banerjee delves into the potential implications of Trump's economic policies on India’s trade, businesses, and the global economy, highlighting both opportunities and risks.

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Trump effect: iPhone’s India output may double to $30 billion annually

CFO News

Apple could double its iPhone production in India to over $30 billion annually if the US imposes tariffs on Chinese imports. This shift could create 200,000 jobs and increase India's share in iPhone production to over 26%. However, the move depends on US policy and India's ability to address cost and policy challenges.

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Why India Isn't Nervous About Donald Trump's Return? EAM Jaishankar Explains

CFO News

S Jaishankar said while a lot of countries are nervous about the US, following the return of Donald Trump as President, India is not one among them.

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Big Tech companies gear up for major policy changes under Donald Trump

CFO News

US President-elect Donald Trump has strong relationships with Big Tech CEOs like Elon Musk and has talked about positive relationships with Amazon Founder Jeff Bezos and Meta Co-founder Mark Zuckerberg.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.