Wed.Dec 27, 2023

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AI-Generated Financial Advice And The Fiduciary Catch-22

Nerd's Eye View

Financial advisors have a fiduciary obligation to act in their clients' best interests, and at the same time are prohibited by state and SEC rules from making misleading statements or omissions about their advisory business. These responsibilities also extend to the use of any technology used in the process of giving advice: A recommendation made with the aid of technology still needs to be in the client's best interests, while the technology also needs to carry out any function as it's describe

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Canara HSBC Life Insurance CFO on 2023 demand trends and regulation landscape

CFO News

Tarun Rustagi, Chief Financial Officer of Canara HSBC Life Insurance elaborates on how 2023 shaped customer behaviour and how the regulations shaped the industry.

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At The Money: The Best Way to Sell Your House

Barry Ritholtz

 The Best Way to Sell Your House with Jonathan Miller, Miller Samuel, December 27, 2023 Is it a seller’s market? That seems to be the consensus, but there are still tips and tricks to getting the biggest return for your home. On today’s episode, we discuss what to do, and NOT do, when selling a house. Full transcript below. ~~~ About this week’s guest: Jonathan Miller is founder and President of Miller Samuel.

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CCI clears IndusInd International Holdings Ltd-Reliance Capital deal

CFO News

In July, Hinduja group-owned IndusInd International Holdings (IIHL), the promoter of IndusInd Bank, announced a USD 1.5-billion capital-raising plan to fund the proposed acquisition of Reliance Capital and increase its stake in the lender. The board of the Mauritius-registered IIHL also decided to increase its holding in Reliance Capital to 26 per cent from the present 15 per cent.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Employee Benefits to Offer as a Small Nonprofit

The Charity CFO

Employee benefits packages play a big role in attracting and retaining top talent. According to Forbes, 10% of workers say they’d take a pay cut to get access to better benefits. As a small nonprofit, it can be difficult to determine what benefits mean the most to your employees, especially if you’re working within a strict budget. This nonprofit employee benefits guide goes through the most common types of benefits and how you can add them to your benefits offerings.

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Discovering The Tax Implications of Nonprofits Owning For-Profit Businesses

The Charity CFO

Does your nonprofit have ownership of a for-profit entity? Whether your organization owns a for-profit company outright or has limited ownership, a for-profit subsidiary can have serious tax implications for your nonprofit. Let’s work through some of the most pressing tax implications you might face as a nonprofit with ownership in a for-profit company.

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Customers can now make GST payments through RBL Bank

CFO News

RBL Bank has successfully implemented GST Collections on behalf of the Government of India by directly integrating with the GST portal. This latest update allows customers to effortlessly conduct their GST and direct tax payments through diverse digital channels and RBL Bank branches. In an official statement, the private bank asserted that it is offering a smooth and user-friendly platform for GST payments, ensuring instant confirmation of payment availability.

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Protected: ROI calculator for FP&A software

Centage

This content is password protected.

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Fixing tax issues of small online sellers, reducing cost of litigation for MSMEs will help the sector: FISME

CFO News

At a roundtable event held recently in the capital, FISME tabled the current MSME issues plaguing the industry in a presentation to ‘Friends of MSME’ in Parliament (a group of members of Parliament across parties).

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Tech helps I-T department recover Rs 36,000 crore

CFO News

India's income tax department has recovered ₹36,000 crore from outstanding tax demand in the current fiscal, including ₹27,000 crore from corporate tax and ₹9,000 crore from personal income tax. The department expects the recovery to increase further by the end of the fiscal year to at least ₹50,000 crore.

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Urban Co-op banks need to strengthen governance quality

CFO News

The Reserve Bank of India (RBI) has raised concerns over high levels of gross non-performing assets (NPAs) in urban cooperative banks, despite improved profitability indicators. The RBI has called for further strengthening of governance standards and risk management practices, and for co-operative banks to adopt global best practices of supervision.

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RBI gives nod to CS Rajan’s appointment as Kotak Mahindra Bank’s part-time Chairman

CFO News

The Reserve Bank of India has approved the appointment of CS Rajan as the part-time Chairman of Kotak Mahindra Bank for a two-year term starting January 1, 2024. Rajan, an IAS officer of the 1978 batch, currently serves as an Independent Director on the bank's board and retired as the Chief Secretary of the Government of Rajasthan in 2016. He replaces Prakash Apte, whose term expires on December 31, 2023.

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Attrition levels drop as executives stay put in uncertain business environment

CFO News

Attrition rates at India Inc decreased to 17% in 2023 from 19.7% in 2022, influenced by a subdued job market, macroeconomic challenges, sector-wide layoffs, and an uncertain future. The IT/ITeS sector experienced the most significant decline, dropping from 21.3% in 2022 to 15.5% in 2023, as per the Deloitte attrition survey exclusively shared with ET.

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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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The topsy-turvy 2023 for Gautam Adani: Hindenburg hit to mighty fightback

CFO News

In 2023, Indian business magnate Gautam Adani faced a tumultuous year marked by allegations of corporate misdoings, accusations of favoritism by the government, Supreme Court involvement, and investor losses. Despite the controversies, Adani has not faced any charges, and an analysis revealed a significant drop in the market value of his 10 listed companies from Rs 19.6 lakh crore at the end of 2022 to Rs 13.6 lakh crore as of December 22.

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India Inc needs to think big and bold, push investments: Vivek Joshi, Ministry of Finance

CFO News

Highlighting the government's focus on fostering capital expenditure and new investment in the economy, Joshi called for a pull in "one direction" from the three key players in capital expenditure and investment - private sector entrepreneurs, bankers, and the government.

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CCI considering boosting manpower for tighter oversight, says Chairperson Ravneet Kaur

CFO News

​The regulator currently has 15 officers in its two anti-trust divisions, 11 in the combination wing, five in the legal division, six in research and trend analysis, five each in economics and advocacy divisions and four in international cooperation division, among others, according to its website.

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Zomato receives Rs 402 crore show cause notice over unpaid GST on delivery charges

CFO News

Zomato said it received the GST notice on December 26 to show cause as to why an alleged tax liability of the said amount for the period October 29, 2019 to March 31, 2022 should not be demanded from the company.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.