Sun.Sep 08, 2024

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A Day in the Life: Paulus Chau from AICPA & CIMA

Future CFO

Editor's note: In today’s A Day in the Life , Paulus Chau, Director – Hong Kong and Emerging Markets at AICPA & CIMA shares with FutureCFO audiences how hiking inspires his life and work as well as his passion for helping accounting and finance professionals to further develop their skills. FutureCFO: What does a typical day look like for you? Paulus Chau (PC): I would describe my typical working day at AICPA & CIMA, together as the Association of International Certified Professional Acc

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Robin Banerjee calls for phased rollout of SA 600 to balance audit quality and practicality in India

CFO News

In a revealing conversation with Robin Banerjee, Chairman of Nucleon Pvt Ltd, ETCFO explores the heated debate over SA 600, examining its implications for audit accountability and financial reporting standards in India.

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Universal RevRec - The Next Breakthrough in SAP Revenue Recognition Unification

Bramasol

SAP Universal Revenue Management (SAP Universal RevRec) is a cutting-edge solution engineered to elevate and simplify the complexities of revenue recognition. It marks a substantial leap forward that is built on earlier revenue management systems, such as SAP Revenue Accounting and Reporting (RAR) and SAP Automated Revenue Management (ARM). With a 28 year track record as one of SAP's longest serving partners and the recognized experts in SAP revenue compliance and SAP BRIM/OTC offerings , the Br

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1,031: Unlocking Operational Scale in Health Insurance Through AI and Data | Scott Blackley, CFO, Oscar Health

CFO Thought Leader

When Scott Blackley was asked in kindergarten what he wanted to be when he grew up, his answer was surprisingly clear: “I want to be an auditor.” This early ambition was no coincidence; his father was a partner at KPMG, and young Blackley grew up around the firm’s offices, imagining himself one day sitting at a big desk, overseeing important work.

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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.

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SpiceJet's Ajay Singh may sell over 10 pc stake in airline to raise funds

CFO News

Ajay Singh, SpiceJet's chairman, may offload over 10% of his stake in the airline as part of a funding round closing by September's end. The budget carrier aims to raise Rs 3,200 crore through various means to meet obligations and revive its grounded fleet. Discussions with potential investors are ongoing.

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Adani warns Bangladesh of $500 mn 'unsustainable' payment delays as energy crisis looms

CFO News

The Adani Group has warned Bangladesh's interim government, led by Muhammad Yunus, about a $500 million backlog in unpaid dues from a major power project. Despite financial strain, Adani remains committed to supplying power. The new administration plans to re-evaluate previous energy deals for better financial efficiency.

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Tata Sons chairman N Chandrasekaran takes home Rs 135cr in FY24, up 20%

CFO News

Tata Sons chairman N Chandrasekaran's compensation rose by 20% to Rs 135 crore in FY24, making him India's highest-paid professional chief. CFO Saurabh Agrawal earned Rs 30 crore. TCS CEO K Krithivasan and IHCL head Puneet Chhatwal had remunerations of Rs 25 crore and Rs 19 crore, respectively. Several other Tata Group CEOs also saw significant earnings.

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Consumer goods companies talk up innovation but cut down R&D spends

CFO News

Many Indian consumer goods companies, including ITC and Maruti Suzuki, have reduced their R&D spending as a percentage of revenue over the past five years. Despite emphasizing innovation in their reports, only a few have marginally increased their R&D budgets. Reliance Industries remains a top spender in this segment.

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Mid-size companies centre on India to set up GCCs

CFO News

India's appeal as a hub for global capability centres is growing, attracting Fortune 500 companies and smaller firms. Mid-sized GCCs with 1,000-2,000 employees are setting up in India, leveraging cost advantages and skilled workforce. Bengaluru and Hyderabad lead this growth, with technology-focused GCCs dominating office space leasing.

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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

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GST council to discuss insurance premium, online gaming

CFO News

The GST Council will meet to discuss important topics like insurance premium taxation, an amnesty scheme, and rate rationalization. They will also review GST on online gaming and tackle fake registrations. Chaired by Finance Minister Nirmala Sitharaman, the council aims to explore potential tax reliefs and reforms with state ministers.

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Byju's auditor BDO resigns a year after Deloitte’s exit: a timeline of events

CFO News

Troubled edtech company Byju's said in a statement that its auditing firm, MSKA Associates, an affiliate of BDO International, resigned because Byju's refused to backdate its financial reports. The auditing firm informed the company's board of its resignation as the statutory auditor, although it had been appointed for a five-year term set to end in FY27.

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DIPAM Secy Tuhin Kanta Pandey appointed as Finance Secretary

CFO News

Tuhin Kanta Pandey has been appointed as the new finance secretary, succeeding T V Somanathan. Pandey, currently the secretary of DIPAM, is known for his role in the sale of Air India and the listing of Life Insurance Corporation. He belongs to the 1987 batch Odisha cadre.

Finance 40
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Hexaware files DRHP for Rs 9,950-crore IPO

CFO News

Hexaware Technologies has filed a draft red herring prospectus with SEBI to raise ₹9,950 crore through an IPO. The offering will be an offer for sale from CA Magnum Holdings, affiliated with Carlyle Group. Hexaware, delisted in 2020, reported a profit of ₹997.6 crore in 2023, with revenue growing by 12.8% to ₹10,380.3 crore.

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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.

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Sebi employees protest at HQ; demand Buch's resignation

CFO News

​None of the protesting employees spoke to the media, but a handout purported to have been drafted by the protesting officials sought the withdrawal of a press release issued by Sebi on Wednesday and also Buch's resignation.

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Surplus liquidity shows govt's foot on spending pedal

CFO News

Government expenditure is rebounding, leading to surplus liquidity in the banking sector as the Centre injects cash into the system. The Reserve Bank of India's tolerance of this surplus suggests a potential shift toward softer monetary policy. Analysts note that government spending has been steadily increasing over the past few months, supporting economic growth.

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IndiGo plans to expand international reach, enhance cargo operations

CFO News

IndiGo plans to expand its international destinations to 40 by March 2025 and introduce wide-body aircraft by 2027. The airline will also launch a new business class product and a frequent flyer program. IndiGo aims to become a leading global airline by 2030.

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Some PE, VC investors more equal than others? Sebi seeks to find out

CFO News

The capital market regulator Sebi has asked private equity and venture capital funds to disclose the names of investors who have been given special terms and representation on investment committees. This move aims to ensure transparency and address concerns about differential rights that may undermine other investors' interests.

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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