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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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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Premiumisation holds its ground amid inflation spike across Indian consumer market

CFO News

Despite the persistent inflation and sluggish demand, several leading FMCG and retail brands are doubling down on their premiumization strategies, reshaping their approach to appeal to discerning customers.

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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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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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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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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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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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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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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 â‚ą21,000 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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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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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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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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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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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

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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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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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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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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.