Sun.Mar 31, 2024

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Interested in swapping out 0.0% fixed-rate I Bonds? Here’s a guide.

Tips Watch

By David Enna, Tipswatch.com A logical strategy for some I Bond investors is to act now to redeem I Bonds with a fixed rate of 0.0% (and a current composite rate no higher than 3.

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SBI General Insurance CFO Attra prioritizes profitable growth through innovation, expansion and tech integration

CFO News

SBI General Insurance's CFO, Jitendra Attra, unveils a strategic vision prioritizing innovation, market expansion, and profitability, echoing India's promising growth trajectory and transformative reforms in the insurance sector.

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987: May the Road Rise to Meet You | Jennifer Loo, CFO, Tala

CFO Thought Leader

Back in 2009, with a law degree in hand along with a smattering of frontline consulting experience, Jennifer Loo swung open the door at LegalZoom—where in short order she was tasked with architecting the fast-growing company’s FP&A function from the ground up. For Loo, the responsibilities that would quickly surface at LegalZoom would not only challenge and meet Loo’s career ambitions head on, but give rise to an entire career path, bringing with it her education, distinct capabi

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Real interest rates need to climb before RBI's easing cycle begins

CFO News

Ahead of this week's scheduled review meeting of the Monetary Policy Committee, market watchers and investors are keen to know the timeline for India's rate easing cycle. However, the texture - and driver - of India's robust economic growth rates suggest their wait will perhaps be of some duration.

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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 role of sustainability reporting in audit talent attraction

Future CFO

An interest in sustainability reporting and assurance presents talent opportunities among audit professionals, but may imply a lack of clear purpose in financial statement audits, according to a joint study by the Association of Chartered Certified Accountants and the Chartered Accountants Australia and New Zealand. The survey, which polled over 6,500 respondents, delved into the appeal of sustainability reporting and assurance compared with the traditional financial statement audit within th

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Remember the Silicon Valley Bank Disaster? A year after the regional bank crisis, Wall Street is still fighting the measures we need to protect the financial system. ( Washington Monthly ) • ‘Shortcuts Everywhere’: How Boeing Favored Speed Over Quality. Problems have plagued the manufacturer even after two fatal crashes, and many current and former employees blame its focus on making planes more quickly.

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"Just the trailer." PM Modi heaps praises on the RBI for transforming India in the last 10 years

CFO News

Prime Minister Modi praised the Reserve Bank of India's pivotal role in transforming the banking sector and the economy over the past decade at the central bank's 90th anniversary event in Mumbai. He highlighted the significant progress from previous challenges, emphasizing clear policies and decisions contributing to the sector's revival.

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PM Modi speaks on electoral bonds, says 'those dancing over bond details will repent it'

CFO News

Addressing questions about whether the revelation of electoral bond details posed a setback for the ruling BJP, PM Modi told Thanthi TV during an interview, "Tell me what have we done that I should see it as a setback? I firmly believe that those dancing over it (bond details) and taking pride in it are going to repent.

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Adani emerges from Hindenburg blow stronger, sets sights on bigger things

CFO News

The group has initiated various expansions and investments, including the establishment of a $1.2 billion copper plant, acquisition of a port in Odisha, increased ownership in a cement company, and formed a strategic partnership with rival Mukesh Ambani's Reliance Industries.

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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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No urgent relief to Wadia Group in Bank of Baroda case

CFO News

Bombay High Court denied Wadia Group's urgent relief against Bank of Baroda, related to a corporate guarantee for Go First Airlines. Nowrosjee Wadia & Sons Ltd sought an injunction due to a financial tie-up condition.

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Bank of India receives Rs 1,128 cr tax demand order

CFO News

According to the exchange filing the Bank is in the process of filing an appeal before the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC) against the said order within the prescribed timelines.

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Key indicators point to economic resilience at the end of FY24: NCAER

CFO News

NCAER's economic review forecasts a strong outlook for India's economy, with robust manufacturing and service sector PMI, buoyant GST collections, and elevated inflation rates likely leading to unchanged policy rates in the upcoming Monetary Policy Committee meeting.

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Hotel investments in India touched $ 401 million last year: JLL

CFO News

India's hospitality sector attracted a record $401 million in investments in 2023, with significant growth in hotel transactions and increasing interest in tier two cities for hotel development, paving the way for a positive outlook in 2024.

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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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Airtel arm penalised for alleged irregularity in claiming input tax credit: Filing

CFO News

According to the filing, the penalty has been levied for "alleged irregular input tax credit claimed during the financial year 2018-19" on the company's subsidiary Telesonic Networks. The company received the order on March 30.

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Zomato gets tax demand order of Rs 23 crore

CFO News

Zomato to appeal Rs 23.26 crore tax demand from Karnataka for FY 2018-19, including GST of Rs 11,27,23,564. Confident in a strong case, Zomato plans legal proceedings within a specified timeframe.

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There could be trade-off between innovation and regulation: RBI DG Rajeshwar Rao

CFO News

Rajeshwar Rao also pointed out that regulators must focus on achieving a delicate equilibrium that addresses the critical concerns without imposing an undue burden on regulated entities.

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Centrum's fund modulus ropes in SBI veterans to drive growth

CFO News

Raghavendra Rao, a former deputy managing director at the bank, Narayanan Sadanandan, a former CEO of SBI Pension Funds, and Anoop Krishna, former chief general manager of the corporate group at SBI, will join the private credit fund.

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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.