Wed.Apr 03, 2024

article thumbnail

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
article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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.

292
292
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

CFO 284

More Trending

article thumbnail

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.

219
219
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

Finance 52
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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

article thumbnail

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.

40
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

40
article thumbnail

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.

40
article thumbnail

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.

40
article thumbnail

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.

article thumbnail

Indirect tax collection for FY24 exceeds RE by handsome margin: CBIC chief

CFO News

FY24 indirect tax collection exceeded Revised Estimates with record GST collection. CBIC chairman praised tax officials for professionalism, highlighting excise duty, customs, and revised direct tax target.

40
article thumbnail

SBI, Standard Chartered do a CDS trade under new RBI norms

CFO News

"This landmark transaction marks a pivotal moment in credit risk management and underscores the growing sophistication of financial instruments in the Indian market," said Parul Mittal Sinha, Head - Financial Markets, India, Standard Chartered Bank.

article thumbnail

Blackstone to invest $2 bn every year in India; wants quicker M&A clearances

CFO News

Blackstone Group plans to invest USD 2 billion annually in India, aiming to improve the ease of doing business for firms like it. The New York-based group has been operational in India for nearly two decades and has invested a total of USD 50 billion in the country. The value of its assets, after accounting for exits, stands at USD 30 billion. Over the next five years, the value of assets is expected to rise by USD 25 billion, including USD 17 billion in fresh bets and up to USD 7.5 billion valu