Sun.Aug 18, 2024

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One particular data point makes this 30-year TIPS auction look attractive

Tips Watch

Markets remain overly optimistic about future inflation. By David Enna, Tipswatch.com The U.S. Treasury on Thursday will offer at auction $8 billion in a reopened 30-year Treasury Inflation-Protected Security, CUSIP 912810TY4.

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BIG BUSINESS BATTLE: IS IT FIT AND PROPER?

CFO News

By Robin Banerjee, Seasoned Finance Expert: The Burman family's strategic pursuit of Religare ignites a dramatic M&A conflict, spotlighting the critical 'fit and proper' debate that could reshape India’s corporate control dynamics.

Finance 81
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Trending Sources

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A Day in the Life: Clare Leighton from bluesheets

Future CFO

Editor’s note: In today’s A Day in the Life , Clare Leighton (pictured), COO & Co-Founder of bluesheets shares with FutureCFO audiences how sport inspires her professional development and how she applies team sport values to her work. FutureCFO: What does a typical day look like for you? Clare Leighton (CL): I’m co-founder of bluesheets , an AI automation company building AI agents to enhance back-office productivity.

Finance 59
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AI will displace accountants who ignore tech integration, says Director, India of ACCA

CFO News

Artificial Intelligence threatens to replace accountants who resist tech adoption, warns Md Sajid Khan of ACCA India. He highlighted that despite soaring demand and market growth, skill gaps and unemployment persist in the profession.

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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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1,026: Partnering for Growth in the Age of AI | Kabir Ahmed Shakir, CFO, Tata Communications

CFO Thought Leader

According to CFO Kabir Shakir, when AI giant Nvidia sought to expand its alliances in India, it knew exactly with whom to partner: “They did their homework, and they tapped on Tata’s door.” This partnership, Shakir tells us, has proven to be but one of a number of alliances in Tata’s journey toward becoming “the national AI champion for all of India.” Along the way, Tata Communications received its first order of Nvidia’s technology, whose integration has since been

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Cognizant CFO Jatin Dalal sees positive signals in IT demand scenario after long

CFO News

Speaking about the recent controversy on low salary at the entry levels, Dalal said that it was a “misunderstanding” and for engineers the company pays salaries in the range of “Rs. 4 lakh going up to Rs. 12 lakh” for different types of work and colleges. “This Rs. 2.5 lakh salary, I want to put it on record, is not reflective of an engineer's salary.

CFO 45
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What is FP&A and How to Choose the Right FP&A Software?

Lime Light

Is your organization struggling to make informed financial decisions due to inadequate financial planning and analysis (FP&A)? Many businesses face challenges in aligning their organizational strategies with their financial goals, which can lead to suboptimal decision-making and hinder growth.

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India needs 148 million more jobs by 2030: IMF's Gita Gopinath

CFO News

IMF's Gita Gopinath pointed out that India must create 60 to 148 million jobs by 2030 due to population growth. She stressed the need for labour codes, educational reforms, private investment, tax changes, and tariff reduction. Enhanced ease of doing business and social safety nets were also advised for sustainable development.

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What is FP&A and How to Choose the Right FP&A Software?

Lime Light

Is your organization struggling to make informed financial decisions due to inadequate financial planning and analysis (FP&A)? Many businesses face challenges in aligning their organizational strategies with their financial goals, which can lead to suboptimal decision-making and hinder growth.

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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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India will need around 1 lakh company secretaries by 2030: ICSI

CFO News

India was expected to require around 1 lakh company secretaries by 2030 amid economic expansion and a governance focus, according to ICSI. With more than 73,000 company secretaries presently, ICSI aimed to attract young talent by allowing direct registration for graduates and postgraduates. India hopes to become a USD 7 trillion economy by 2030.

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10 Sunday Camp Kotok Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • How ‘Deepfake Elon Musk’ Became the Internet’s Biggest Scammer : An A.I.-powered version of Mr. Musk has appeared in thousands of inauthentic ads, contributing to billions in fraud. ( New York Times ) • Secretive Dynasty Missed Out on Billions While Advisers Got Rich : Peter Harf and Olivier Goudet became billionaires while managing the Reimanns’ money.

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Mphasis appoints Aravind Viswanathan as Chief Financial Officer

CFO News

The Bangalore-based IT and consulting company, has announced the appointment of Aravind Viswanathan as its new Chief Financial Officer, following the resignation of Manish Dugar.

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FMCG players expect volume trends to sustain amid rising demand in rural markets

CFO News

FMCG firms reported rural demand resurgence and strong e-commerce growth, especially through quick commerce, in the June quarter. Companies like HUL, ITC, and Dabur, despite high food inflation, are optimistic about future growth due to favorable monsoons and government policies boosting the rural economy. Traditional urban channels showed some slowdown.

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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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Commerce dept mulls options for key export schemes

CFO News

The ministry has moved a note for the approval of the Expenditure Finance Committee (EFC) to extend to the Interest Equalisation scheme by five years, which is available for small businesses and products falling under 401 tariff codes, till August 31. The total outlay of the scheme is capped at Rs 750 crore.

Finance 40
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Hero MotoCorp gets over Rs 17 cr tax notice from Delhi GST authorities

CFO News

Hero MotoCorp on Sunday said it has received a demand notice of over Rs 17 crore from Delhi GST authorities. The company has received an order dated August 17, 2024, for disallowance of input tax credit for FY 2019-20 from the Office of the GST Officer, Government of NCT of Delhi, the two-wheeler major said in a regulatory filing.

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Education Ministry steps in after IITs get GST notices

CFO News

A host of academic institutions countrywide including IIT-D have been served show cause notice seeking explanation on non-payment of tax on funding support for research by GST authorities. Notices have been sent by the Directorate General of GST Intelligence for the period between 2017-2022.

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Price fall, tax changes make Gold ETFs attractive; more so as SGBs seen on hold

CFO News

Following a customs duty reduction and a fall in gold prices, investors were drawn to gold ETFs and funds. The budget announcement made long-term gold investments more tax-efficient, and with no new sovereign gold bond issues expected, experts recommended a 10% portfolio allocation. Gold remains a hedge against inflation and provides diversification.

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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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EU banks expect India bond trades to go on

CFO News

Four European banks expected permission from their national regulators to continue trading with India’s Clearing Corporation despite an imminent deadline. Recent communications between Indian and European authorities indicated potential resolution to the regulatory dispute that started when ESMA de-recognised the Clearing Corporation in October 2022, impacting major bond and derivatives trading.

Banking 40
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Legacy companies speed in electric 2-wheeler lane; startups slow

CFO News

The market share of top electric two-wheeler startups, including Ola Electric, Ather Energy, and Greaves Electric, dropped to 48.8% in Q1 from 59% last year. Traditional companies like Bajaj Auto and Hero MotoCorp increased their presence, capturing around 30% of the market. Electric two-wheeler sales grew 1.4% to 221,548 units. Ola Electric led with 107,911 units.

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Tourism Finance Corporation looks to set up alternative investment fund

CFO News

The firm is also exploring ways to raise funds through long-term bonds and debentures, he told ET, adding that TFCI will aggressively expand its wholesale and retail loan book as it is well capitalised at above 58%.

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Bata India CFO Anil Ramesh Somani resigns

CFO News

Somani decided to relinquish his position at Bata India Limited in order to pursue opportunities outside.

CFO 40
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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