Sun.Sep 22, 2024

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Investing for safety: The era of 5% yields is ending

Tips Watch

By David Enna, Tipswatch.com We knew this day would come, after enjoying 5% nominal yields on very safe investments for more than a year.

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1,036: The Power of AI in Shaping Strategic Finance Leadership | Zane Rowe, CFO, Workday

CFO Thought Leader

In 2012, after having spent nearly two decades in the airline industry, Zane Rowe made a bold career pivot. Leaving behind his role as CFO at United Airlines, he stepped into the tech world, joining Apple in a sales position—a move that many saw as risky, but one that would ultimately shape his perspective on finance leadership in the Digital Age. This decision marked the beginning of a transformative journey that would prepare him to navigate the integrated complexities of technology, innovatio

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Trending Sources

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Summit CEO: Don't let negative feedback become a stumbling block

Future CFO

Editor’s note: In today’s Female Leadership in Business , Jo-ann Chung (pictured), CEO, Summit shares with FutureCFO audiences her experience of not letting negative feedback defeat her and how she helps team members grow. Future CFO: When did you start to become interested in product strategy after graduation with a degree in accounting? Did you consider a career in accounting before engaging in product strategy and development?

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GST 2.0 will further ease tax compliances and boost economic growth

CFO News

Goods and Services Tax (GST) is one of the major economic reforms in the last decade in India which replaced the Value Added Tax (VAT) system.

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Navigating the 2024 Budgeting Season

The Finance Weekly

Every budgeting season brings a chance to push your business forward into the new year. Of course, there are plenty of challenges to juggle as you balance all your company's needs and goals. With 2024 coming to a close and the 2025 budgeting season around the corner, the pressure is really on you and your finance team! Common Pitfalls Ahead Familiarizing yourself with these challenges will help you prepare for the 2024 budgeting season and set your organization up for success.

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10 Sunday Reads

Barry Ritholtz

My Sunday morning look at incompetency, corruption and policy failures: • The Contingency Contingent: My fake job in Y2K preparedness. It was a fake job because Andersen was faking it. The firm spent the late 1990s certifying fraudulent financial statements from Enron, the Texas-based energy company that made financial derivatives a household phrase, until that company went bankrupt in a cloud of scandal and suicide and Andersen was convicted of obstruction of justice, surrendered its accountin

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India signs IPEF's clean, fair economy agreements

CFO News

India has signed agreements under the Indo-Pacific Economic Framework for Prosperity to enhance cooperation in clean and fair economy sectors. These agreements aim to promote clean energy, reduce greenhouse gas emissions, improve tax transparency, and combat corruption. The framework includes 14 member countries and focuses on trade, supply chains, clean economy, and fair economy.

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India to clock 7% growth in FY25 despite headwinds: Deloitte

CFO News

India remains a bright spot in the global economy, with Deloitte South Asia CEO Romal Shetty projecting a 7 per cent growth for the current fiscal year. Despite global headwinds, inflation is under control, rural demand is picking up, and vehicle sales are improving. The Indian economy is expected to reach USD 5 trillion within this decade.

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Financial services get highest foreign inflows in first half of September

CFO News

Overseas investors purchased Indian equities worth ₹32,779 crore across 17 sectors in the first half of September. Financial services received the highest inflows at ₹12,253 crore. Healthcare, consumer durables, and FMCG sectors also saw significant investments. However, the automobile sector faced the highest outflows at ₹1,983 crore.

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Business Travel Expense Strategies for Everybody

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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India, EU to begin next round of talks on free trade pact on Monday

CFO News

Senior officials from India and the European Union will begin the ninth round of free trade agreement talks on Monday. The discussions aim to enhance bilateral trade and investments, addressing issues like carbon tax and deforestation regulations. Both sides will negotiate on goods, services, investment, and government procurement.

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SpiceJet aims for fleet of 100 by the end of 2026

CFO News

SpiceJet plans to expand its fleet to 100 aircraft by the end of 2026 after raising Rs 3,000 crore through new shares. The airline aims to capitalize on strong market demand and has resolved issues with lessors and manufacturers. It will focus on returning grounded planes to service and acquiring new ones.

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Index of labour demand, supply in book of job soon

CFO News

India is developing an Occupational Shortage Index (OSI) to map the demand and supply gap of workers in various occupations across states. The Ministry of Labour and Employment, in consultation with the International Labour Organisation, aims to facilitate employment generation and long-term labour market planning through this initiative.

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Vodafone Idea inks $3.6 billion gear deal with Nokia, Ericsson and Samsung

CFO News

While experts have termed the deal, which is the largest by any telco this year, as a significant step in terms of network capex, they feel that additional investments would be needed for Vi to get at par with its stronger rivals, especially after the Supreme Court rejected a curative petition seeking to recompute dues linked to adjusted gross revenue (AGR).

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Adani Airport Holdings expands lounge access with major debit, credit cards amid Dreamfolks disruption

CFO News

Adani Airport Holdings Ltd (AAHL) on Sunday said it was actively working with the banks to ensure a quick restoration of services at lounges at airports across the country and was accepting all major debit and credit cards from other access providers.

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Anil Ambani's Reliance Group starts transformation journey

CFO News

Anil Ambani's Reliance Group has announced significant debt reduction and new fund-raising plans, signaling a potential transformation. Reliance Infrastructure and Reliance Power have both seen their market capitalizations surge. The group aims to strengthen its financial position and invest in high-growth sectors, boosting investor confidence.

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GoM on GST rate rationalisation to meet on September 25 to discuss slab, rate tweaks

CFO News

The ministerial panel on GST rate rationalisation will meet on September 25 in Goa to discuss potential changes to tax slabs and rates. The six-member Group of Ministers, led by Bihar Deputy Chief Minister Samrat Chaudhary, is considering merging the 12 and 18 per cent tax slabs. Some states are cautious about making changes.

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Tata Sons gets big Rs 1,500 crore tax relief in years-old Docomo deal

CFO News

Tata Sons has received relief as the GST department's Adjudicating Authority dismissed a ₹1,500 crore GST demand related to a settlement with Docomo. The decision could set a precedent for arbitration cases. The department may still contest the ruling in the High Court.

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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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President Droupadi Murmu to inaugurate 16th ASOSAI on September 24

CFO News

"The President of India, Droupadi Murmu will inaugurate the prestigious 16th Assembly of the Asian Organisation of Supreme Audit Institutions (ASOSAI) here on September 24th, 2024," Comptroller and Auditor General (CAG) said in a release.

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India Inc’s class act: Biggies set to go to school

CFO News

Traditional Indian conglomerates like Adani, Reliance, L&T, Vedanta, and RPG are set to boost campus hiring for the class of 2025. This move comes as companies across sectors remain cautious on headcount addition. These companies aim to hire fresh graduates from top institutions to support their aggressive growth plans.

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Union Minister Piyush Goyal engages with industry leaders in Singapore, holds discussions to boost India's startups and infrastructure

CFO News

Union Minister for Commerce and Industry Piyush Goyal discussed about the robust growth of India's startup ecosystem with leading figures in Singapore and potential collaborations between both nations in key sectors.

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Will RBI follow the US Fed in cutting rates?

CFO News

The RBI is anticipated to maintain its pause on rate cuts for the remainder of 2024, with an early reduction possibly in February 2025, experts say.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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From US-India collaboration to a vision for Viksit Bharat: Key highlights from PM Modi’s speech in New York

CFO News

Prime Minister Narendra Modi addressed the Indian diaspora in New York, praising them as India's strongest brand ambassadors. He emphasized their role in connecting India and America, highlighting the diversity and unity of the Indian community abroad. Modi also thanked President Joe Biden for his invitation and acknowledged the deep ties between the two nations.

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Electronics manufacturers hope for stricter tariffs on China, return of Donald Trump

CFO News

Experts believe if the US toughened its stance on China, India would become a favourable base alongside Mexico and Vietnam due to its large labour base and the government’s policies to boost domestic manufacturing. A support package to build an electronics component and sub-assembly ecosystem is expected to be passed by the Cabinet later this year, strengthening India’s case to attract production shifting away from China.