Sun.Oct 06, 2024

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Bhutan: The Happiness Economy

Global Finance

Bhutan is banking on a unique mix of abundant energy, a clean environment, and wellness entrepreneurism to lure foreign investors. A constitutional monarchy of 800,000 people, Bhutan is nestled in a region that’s home to nearly 3 billion. Bordered by China to the north and India to the east, west and south, the Himalayan nation installed a new government in January under Prime Minister Tshering Tobgay, who returned to office after an earlier five-year stint that ended in 2018.

Economics 119
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Sustainability reporting: How CFOs can drive impact

Future CFO

There is a significant opportunity to create positive impacts as boards and leadership teams switch their focus on sustainability, with chief financial officers playing a key role in supporting this ambition. These positive impacts include competitive advantage, differentiation, and increased stakeholder value – by applying the right lens. According to a Deloitte report, with the introduction of mandatory sustainability disclosures, the visibility of sustainability performance is increasing, and

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Trending Sources

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Game Time: Q&A With Clifford Chance’s Neil Barlow

Global Finance

Global Finance: What’s driving the current interest in sports finance? Neil Barlow: The ownership of major sports franchises has often been the preserve of wealthy billionaires. US investors look toward European soccer and say, “There’s this amazing asset that has global appeal across Asia, the Middle East, South America … but how come their valuations don’t match that of an NFL team?

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1,040: Partners in Leadership: How the CFO, CEO, and CIO Shape a Successful Future | Mark Partin, CFO, BlackLine

CFO Thought Leader

Twenty-seven years ago, while in his late twenties, Mark Partin arrived inside the C-suite largely unprepared for the flood of challenges that would quickly breach his desk. Or so Partin tells us as he recounts the circumstances surrounding the first of five CFO appointments that have thus far punctuated his finance leadership career. “I can and do love to suffer,” Partin comments, describing the experience as being “over my head” and demanding him to “level up,” or constantly “reach to the next

CFO 52
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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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Rs 1,000 cr earmarked for venture fund to Indian space startups: Minister

CFO News

The government on Sunday said it has earmarked Rs 1,000 crore for venture fund to space startups, an indication of high priority that the government gives to the space sector.

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Rs 1,000 cr earmarked for venture fund to Indian space startups: Minister

CFO News

The government on Sunday said it has earmarked Rs 1,000 crore for venture fund to space startups, an indication of high priority that the government gives to the space sector.

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UAE: Global Chip Makers Evaluate Building Plants In The Gulf

Global Finance

Samsung Electronics and Taiwan Semiconductor Manufacturing Company (TSMC) have held talks with United Arab Emirates (UAE) officials that could see the semiconductor behemoths establish plants in the swashbuckling Persian Gulf state reportedly worth more than $100 billion. First reported last month, the development comes amid a determined push by the UAE to establish itself as a global hub for advanced technologies and shrink the emirates’ dependence on hydrocarbon revenues.

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AIFs, govt in talks over 'carry income' tax

CFO News

The Indian government seeks insights from the private equity and venture capital sector on global tax practices for fund managers' carried interest as it examines the imposition of GST on such earnings. A recent Supreme Court decision helps facilitate ongoing discussions about aligning with international tax norms.

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Egypt: United Bank Stake For Sale

Global Finance

Egypt’s government plans to sell a stake in United Bank via an initial public offering (IPO) during the first quarter of 2025. The move comes as Egypt pushes ahead with its privatization program under reforms backed by the International Monetary Fund (IMF). According to a September statement, the Central Bank of Egypt (CBE) sought the necessary approvals, including consent from Egypt’s Financial Regulatory Authority and the Egyptian Stock Exchange.

Sales 115
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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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Hotels as plants? SC verdict on input tax credit sparks hopes for hospitality, realty CFOs

CFO News

The Supreme Court's ruling on input tax credit for immovable property establishes that buildings intended for rental services may be classified as "plant," crucially hinging on a functionality test. CFOs express optimism, highlighting potential cost reductions.

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Searching For A Soft Landing

Global Finance

Inflation is easing and growth is stabilizing, but geopolitical conflicts and fiscal uncertainty still threaten a global soft landing. Global economic growth will continue expanding this year and hold steady next year, with some weakness in the United States and China and some rebounding in the euro area, according to global forecasts. These say that doomsayers will be proved wrong, and recession avoided, with central bankers slowly but steadily restoring more neutral monetary conditions as infl

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Mega jobs push off to a solid start: India Inc takes up internship scheme, kick-starts hirings

CFO News

500 companies like ITC, Reliance Retail, and TCS are partnering in the PM internship scheme launched on October 3. The internship targets candidates aged 21-24, offering a monthly stipend of ₹5,000. Roles span sales to farm-focused areas, with an emphasis on hiring women to increase diversity in the workforce.

Sales 45
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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Fox News: The Engine of Disinformation That Shaped and Shattered America : From the moment it launched, Fox News wasn’t interested in being a conservative counterweight to the so-called liberal media. It set out to create an alternate universe where facts were malleable, and the truth was whatever kept its audience hooked.

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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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Industry upbeat on policy continuity as biz confidence index rises to 2-qtr high: CII

CFO News

India's economic growth has held up well despite global challenges, CII said, asserting that the upcoming festive season portends well for fortifying growth prospects further.

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Bad Polling is a Behavioral Problem

Barry Ritholtz

One source of annoyance over the past year has been the blind media parroting of national and local polling. These are presented without context, framing, and, most importantly, an acknowledgment of the past track record—just blind repetition of useless “data.” By failing to mention pollsters’ track records, the media presents a wildly distorted view of future election results.

Finance 145
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India to become next chip manufacturing hub: Ashwini Vaishnaw

CFO News

The Union Minister further said Micron Technology will roll out the first made-in-India chips by early 2025. The construction work of the CG power semiconductor facility is going on. And in Tata's ATMP facility in Assam, construction work is going on very well, he said.

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India and UAE sign new bilateral investment treaty to boost economic cooperation: Finance Ministry

CFO News

India and the UAE have launched a new Bilateral Investment Treaty aimed at enhancing investment protection and fostering stronger economic ties between the two nations.

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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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Sensex trades higher amid positive global cues

CFO News

Indian equity indices opened in the green on Monday following global cues from the US and Asian markets.

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RBI's policy review: Status-quo on interest rate likely amid inflation concerns and Middle East crisis, say experts

CFO News

The RBI is expected to keep interest rates unchanged in its upcoming policy review due to ongoing inflation concerns and uncertainties in the Middle East. Experts suggest any easing of rates could happen in December. The reconstituted Monetary Policy Committee will hold its first meeting next week to discuss and decide the course.

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With IPO market on fire, I-bankers set to celebrate a cracker of a year

CFO News

With large IPOs from Hyundai, Swiggy, Afcons, Waaree and NTPC Green expected in the second half, the primary market is projected to raise over ₹1.5 lakh crore through IPOs alone this financial year, positioning investment bankers for a boom year.

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Is India's economy on the brink? Congress slams Modi's economic claims as 'bombastic'

CFO News

Congress claims the Indian economy faces major challenges. It points to low private sector investment, stagnating manufacturing, and a decline in real wages and productivity. High tariffs and Chinese imports hurt manufacturing. Low wages and productivity hit consumer demand, affecting investment. These could harm long-term economic growth if unaddressed.

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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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Financial stability could weigh more than macro signals

CFO News

The Reserve Bank of India faces a triple challenge: geopolitical uncertainty in the Middle East, inflation driven by fluctuating farm output, and softening economic growth. As the Monetary Policy Committee convenes, the focus is on liquidity and deposit crunches rather than merely interest rates.

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High tax hindering carbonated soft drinks segment in India reach potential: ICRIER report

CFO News

High taxes under India's GST regime are hampering the growth of the carbonated soft drinks sector, despite initiatives like 'Make in India' and 'Aatmanirbhar Bharat'. With a total tax rate of 40%, India has one of the highest rates globally, hindering innovation and investment. The market remains underdeveloped compared to other developing nations.

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Stable policies, ease of doing biz in states to significantly boost manufacturing: Experts

CFO News

The government has already taken a series of steps like rolling out the production-linked incentive scheme (PLI) for 14 sectors, tweaking tariffs and issuance of mandatory quality control orders for different products to support domestic players and increase manufacturing activities, they added.

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Manufacturing’s ‘Be Your Boss’ moment: About 48% of workers in the sector are self-employed

CFO News

Nearly half of India's manufacturing sector workers are self-employed. This trend is linked to the rise of startups and entrepreneurship. In other sectors like agri and transport, self-employment is also high. Data shows more women in manufacturing prefer self-employment over regular jobs. Many women run businesses from home, focusing on consultancy and design.

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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.