Wed.Apr 03, 2024

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Powell calls recent inflation, job data high but not game changers for Fed

CFO Dive

The central bank must balance the risks of easing monetary policy too early or too late, Powell said.

Banking 293
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India's services sector peaks at 13-year high in March driven by strong demand

CFO News

In a recent report by S&P Global, findings revealed that the seasonally adjusted HSBC India Services Business Activity Index indicated a remarkable surge, marking one of the strongest growth rates witnessed in over 13-and-a-half years. This upturn has been predominantly attributed to robust demand conditions, enhanced efficiency gains, and positive sales developments.

Sales 105
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Trending Sources

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Commercial Chapter 11s jump 43% even as distress outlook eases

CFO Dive

Bankruptcy filings have risen for 20 months. The pace wasn’t sustainable in today's strong economy, American Bankruptcy Institute’s Chris Ward says.

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1st Quarter 2024 Economic And Market Outlook: Potential Increased Volatility, Threats To Economic Growth, And Equity Markets

Nerd's Eye View

With a plethora of interdependent and ever-changing parts, gaining a clear (or even not-terribly-fuzzy) understanding of where the economy stands at any given moment is a daunting task, to say the least. Even more difficult is using data based on samples and surveys (and subject to constant revision!) to develop some idea about which of the myriad possible outcomes might be more likely to occur.

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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Intel appoints new CFO to troubled chipmaking unit

CFO Dive

The appointment follows a $7 billion operating loss for Intel’s foundry unit as AI’s potential pushes up both interest and pricing in the semiconductor space.

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More Trending

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Global M&A rises above ongoing headwinds

CFO Dive

The findings show “some light at the end of the tunnel” after a challenging year for M&A globally in 2023, according to Willis Towers Watson’s David Dean.

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Re-evaluating the case for sustainable investing

Future CFO

It has been a tumultuous period for sustainable investments in recent years, with reduced global flows into these types of products, regulatory uncertainty and, in some regions, even political headwinds. With these at hand, it is important that investors and finance leaders know how to properly respond. David Atkin , CEO of the Principles for Responsible Investment explore existential questions to the sustainability landscape , and more.

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Foxconn’s Bharat FIH looks beyond Xiaomi to offset slump

CFO News

Confirming the diversification strategy, Bharat FIH said it was leveraging on its success in smartphones to make strides in newer segments such as EVs. The company declined to disclose the Sriperumbudur plant's operating capacity, which it said was a factor of customer demand, planning and prevalent market conditions. However, the company was quick to add that it has "exceptional capability" to expand capacity as per customer needs.

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What to Look for in an Outsourced Bookkeeper

CFO Share

For many small business owners, bookkeeping is a necessary evil. It’s complex, time-consuming, and, when done incorrectly, can have significant repercussions. If you are currently handling your books and feeling overwhelmed, or if you’ve had a bad experience with a bookkeeper who wasn’t up to par, the thought of searching for a reliable bookkeeping partner can feel both daunting and frustrating.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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India Inc may see average pay hike of 9% in 2024: AmbitionBox survey

CFO News

AmbitionBox's survey reveals Indian employers' 9% pay increment expectation in 2024. Despite economic concerns, employees show optimism, with some expecting significant hikes. The study emphasizes the importance of managing expectations and offering holistic benefits beyond salaries.

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FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 02/2024 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 02/2024”. The Monitor is a monthly published overview of venture capital trends in. Read more The post FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 02/2024 published appeared first on FCF Fox Corporate Finance GmbH.

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Exclusive: Lenskart, Purplle, Healthkart may raise fresh funds as big-ticket startup deals gain momentum

CFO News

Big-ticket investments on horizon for companies that have emerged stronger after Covid. Indian startup sector witnesses a resurgence in big-ticket deals of $100 million or more. Firms like Lenskart and Purplle are in talks for significant investments, while companies like HealthKart and Rapido negotiate fresh funding rounds.

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Adaptive alternatives: a comparative guide for FP&A & finance leaders

Cube Software

Understanding Adaptive: strengths and limitations Adaptive is a prominent cloud-based platform for budgeting, forecasting, and reporting for businesses of all sizes. Its main selling points include facilitating collaboration, enhancing efficiency, and providing deep insights, making it a popular choice for many organizations.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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FCF at Energy Tech Summit, on April 10-11, 2024 in Bilbao

Fox Corporate Finance

On April 10th and 11th, 2024, the Energy Tech Summit 2024 will take place in Bilbao. The Energy Tech Summit is the premier event in Europe for climate tech, standing out for its focus on accelerating the. Read more The post FCF at Energy Tech Summit, on April 10-11, 2024 in Bilbao appeared first on FCF Fox Corporate Finance GmbH.

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Getting viksit needs a proper 360° plan

CFO News

Ensuring that plans for 2025-35 leave no one behind will require getting the best and widest possible inputs. As ministries factor these in to draw up their plans, they will need to undertake impact assessments of different pathways to become viksit by 2047. This is essential to identify the best possible pathways to achieve the target.

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Oaktree invests Rs 1,600 crore in Sesa's bonds

CFO News

The funds are raised by mortgaging fixed and movable assets of Vedanta and Sesa Resources. The company has also pledged its entire shares as security against loans.

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Apparel exports to grow by 8-9% in FY2025 led by expected US and EU demand towards stock replenishment: ICRA

CFO News

ICRA expects a revenue recovery for sample companies in FY2025 from the low base of FY2024, driven by stock replenishment in the US and EU regions. Indian apparel exporters aim to strengthen market presence and profitability in FY2025.

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Chennai lakes contaminated with 'Forever Chemicals' linked to cancer and liver damage

CFO News

Chennai lakes show alarming PFAS levels 19,400 times higher than EPA safety limits. Contamination extends to Adyar, Buckingham Canal. Urgent intervention needed to address hazardous 'forever chemicals' in water sources.

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Mahindra Manulife Mutual Fund files draft document for Build India Fund

CFO News

The investment objective is to generate long-term capital appreciation by investing predominantly in equity and equity-related securities of companies engaged in manufacturing and infrastructure themes.

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HDFC MF announces discontinuation of lumpsum subscription, restrictions on Systematic Transactions in NIFTY Realty Index Fund

CFO News

HDFC MF announced that fresh lumpsum investments (including additional purchases and switch-ins) will be discontinued. The fresh systematic transactions registrations such as SIPs (including SIP Top up), STPs (into the scheme) etc. shall be registered only under monthly frequency for an amount of up to Rs 1 lakh per investor.

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ET Exclusive: RIL, Tata Motors and IOC to be key bidders for pilot GH2 project

CFO News

The bid for the Rs 496-crore project which opened in February, closes on Thursday. It is part of the National Green Hydrogen Mission which was launched in January 2023 with an outlay of Rs 19,744 crore. One of the key criteria from the bidders is participation as a consortium or partners to ensure the entire value chain - from making hydrogen and dispensing it and running vehicles fuelled by hydrogen.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Hunt for Disney CEO Bob Iger's successor kicks into high gear

CFO News

Disney delays CEO successor decision, focusing on internal and external candidates like Dana Walden, Josh D'Amaro, and Jimmy Pitaro. Past failures in grooming heir apparent highlighted, as company navigates through a critical leadership transition period.

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Meet India's richest women: Savitri Jindal tops Forbes' list with $35.5 billion net worth

CFO News

Savitri Jindal's rise to being one of India's richest women reflects a broader trend of women's empowerment in the country's business landscape. As the matriarch of the Jindal Group, she took over the conglomerate after her husband's passing and led it to remarkable success. Alongside her, other women like Rekha Jhunjhunwala, Vinod Rai Gupta, Renuka Jagtiani, and Smita Crishna-Godrej are making significant strides in business, reshaping the narrative of success in India.

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Forbes Richest List 2024: Here are the top 10 richest persons in India

CFO News

Forbes' latest '2024 Billionaires List' sees Mukesh Ambani topping as Asia and India's richest individual, with a wealth surge to $116 billion. The roster includes 200 Indian billionaires, up from 169 last year, amassing a combined $954 billion, a 41 percent increase. Gautam Adani follows Ambani, with a net worth of $84 billion. Savitri Jindal remains India's wealthiest woman, with $33.5 billion.

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US Fed official now sees just one rate cut at end of 2024

CFO News

Atlanta Fed President Raphael Bostic suggested that the US economy's current strength warrants only one interest rate cut this year, likely in the final quarter. This contrasts with the three cuts predicted by Fed officials in March. Bostic cited inflation's unpredictable trajectory and the economy's resilience as reasons for his revised outlook.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.