Mon.Feb 19, 2024

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India on track to become $35 trillion, fully developed economy by 2047: Goyal

CFO News

Goyal hailed Prime Minister Narendra Modi’s relentless pursuit of twin tracks - strengthening the macroeconomic fundamentals of India to prepare the country for the future and focus on the welfare of the poor pertaining to food, healthcare and education.

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Highlights From The 2024 T3 Advisor Conference

Nerd's Eye View

The 2024 Technology Tools for Today (T3) Advisor Conference, held last month in Las Vegas, Nevada, featured a large gathering of financial advisors and representatives from across the fintech industry. Hosted by Joel Bruckenstein and his team from T3 Consulting, the conference focused heavily on the relationship between financial advice and its accompanying fintech, covering everything from how AI and other tech developments are changing the advisor landscape in unprecedented ways to the importa

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Trending Sources

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Taxman asks FPIs to share info on signatories, justify treaty relief

CFO News

If the signatories are residents, the tax office, some feel, may question the tax status of the funds offered under the treaties that India has signed with key jurisdictions like Mauritius and Singapore.

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What Does a Nonprofit CFO Do?

CFO Selections

Our team is used to discussing what’s included in a CFO’s job description. But this type of conversation usually centers around the commonalities that unite all CFO roles, not the nuanced differences for a specific industry or type of organization. But when talking about what a CFO for a nonprofit does, there are some unique elements to the role that are important to understand.

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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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Tax investigation: Detailed SOP in works for DGGI officials

CFO News

The Central Board of Indirect tax and Customs is considering a directive to address concerns raised by multinational companies during tax investigations conducted by DGGI officials. The directive aims to improve ease of doing business and has received feedback from the finance ministry.

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More Trending

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Zee, Sony huddle in dramatic twist to salvage merger

CFO News

Zee Entertainment Enterprises has re-engaged with Sony Group Corp in a last-ditch attempt to revive their $10-billion merger. Major differences and disagreements over terms and conditions persist, and the outcome remains uncertain.

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The Mentoring Round | Marc Suidan, CFO, The Beachbody Company

CFO Thought Leader

text 975: Turning the Tide at Beachbody | Marc Suidan, CFO, The Beachbody Company The post The Mentoring Round | Marc Suidan, CFO, The Beachbody Company appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

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JSW Steel in talks for $1 billion stake in Australia's Blackwater coal mine

CFO News

​“Two parties – one from Japan and one from India – may be about to surface as buyers of a stake. While the identities are unknown, sources pointed to steel producer JSW Group of India or Nippon of Japan,” the Australian Mine Safety Journal reported.

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Harnessing the power of Salesforce integration in FP&A: key insights and strategies

Cube Software

What is Salesforce integration in FP&A? Salesforce integration within FP&A is more than just a technical linkage; it's a strategic lever that opens up a world of possibilities for financial professionals.

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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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FM Nirmala Sitharaman to meet fintech heads next week

CFO News

Finance Minister Nirmala Sitharaman will convene a meeting with fintech leaders, RBI officials, and representatives from key ministries on February 26 to address concerns following regulatory action against Paytm Payments Bank. The government aims to reassure the fintech industry of its priority status and understand their apprehensions. The meeting will involve officials from finance, information technology, and DPIIT.

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Tata Group looking for Taiwanese partner for Dholera semicon plant

CFO News

The Indian conglomerate aims to manufacture mature nodes of 65 nm (nanometre) before moving to 48 nm and then to 28 nm — which supports applications ranging from graphic processor units (GPU) to consumer electronics and the internet of things — in a few years.

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Flipkart’s top deck under pressure; shake-up in senior ranks underway

CFO News

Ecommerce major Flipkart is seeing senior vice presidents (SVPs) leaving, including leaders from Cleartrip, Mobikwik, and Instagram. The company is addressing its top-heavy structure and improving agility. Performance-based layoffs are happening across all verticals. Flipkart is focusing on financial services, grocery business, and PhonePe, while aiming to turn profitable.

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Bank of America expects India fundraising to be busier than ever

CFO News

“2023 was the year of block trades, 2024 is going to be the year of IPOs — and that momentum will most likely carry into 2025,” Debasish Purohit said in an interview with Bloomberg News in Mumbai. “2024 and 2025 as a block will be the busiest years of IPOs in our lifetime.

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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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Supreme Court directs SpiceJet to clear $1.25 million dues to Credit Suisse by March 15

CFO News

The Supreme Court instructed SpiceJet to settle its outstanding dues of $1.25 million to Credit Suisse by March 15 in a payment dispute totaling $24 million. The court directed SpiceJet chairman Ajay Singh to appear on March 22. Credit Suisse's counsel stated that SpiceJet was in default of $1.25 million as of February 15, while SpiceJet's counsel disputed the claim, citing delayed payment.

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Piyush Goyal confident of rate cut by Reserve Bank in coming months

CFO News

Commerce and Industry Minister Piyush Goyal expressed confidence that the Reserve Bank of India (RBI) would reduce interest rates as inflation remains under control. He noted that while the benchmark interest rate has been at 6.5% since February 2023, economic fundamentals in India are robust, with inflation averaging around 5-5.5% over the past decade.

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Red flag: Why are so few women checking into India Inc’s C-suite?

CFO News

Only 4% of exec directors at Nifty 50 are women, and across NSE-listed cos that figure drops to 3%; enabling policies needed to empower them. There is a persistent and high level of unconscious bias as well. Allyship is key. “Boys’ clubs still operate that many times do not give women the right kind of projects (that can advance them in their career) thus demotivating many women who see their juniors becoming senior and moving ahead,” said Girotra.

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Focus on premium segment as Xiaomi completes 10 years in India

CFO News

Xiaomi plans to shift its focus towards India's premium smartphone segment, aiming to become a premium brand by launching experiential flagship handsets, employing enhanced marketing, and expanding distribution. The move follows Xiaomi's loss of the top smartphone brand position to Samsung in 2022.

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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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LIC gets tax refund of Rs 21,741 crore

CFO News

The Life Insurance Corporation (LIC), has garnered over ₹21,740 crore in refunds from the income-tax department, with an additional ₹3,700 crore pending.

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Funding winter or not, startups loosen purse strings to reward top talent

CFO News

Appraisal: Giving high increments, stock options, bonuses, global roles and accelerated promotions to ringfence people who are critical to business.

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With 92 IPOs in Q4CY2023, Indian stock exchanges trump global markets in 2023

CFO News

Of the 92 IPOs, 31 were main-board while the remaining 61 were from the small and medium enterprises (SMEs), according to a report published by EY India on Q4CY23’s top IPO trends.