Sun.Nov 10, 2024

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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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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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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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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

This session will walk you through how one CEO used generative AI, workflow automation, and sales personalization to transform an entire security company—then built the Zero to Strategy framework that other mid-market leaders are now using to unlock 3.5x ROI. As a business executive, you’ll learn how to assess AI opportunities in your business, drive adoption across teams, and overcome internal resource constraints—without hiring a single data scientist.

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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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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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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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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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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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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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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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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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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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The AI Race Isn’t Just About Tech Superiority – Its the Supply Chain, Stupid!

The race to dominate AI is no longer about who has the smartest algorithms — it's about who can build and scale faster. Behind every AI breakthrough lies a battle for resources: data centers, compute hardware, power, and telecom infrastructure. And right now, even tech giants are hitting a wall. Our latest white paper reveals the six critical supply chain elements that are increasingly separating AI leaders from the rest.