Thu.Feb 29, 2024

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Fed’s key inflation measure rose in January, validating high-rate hold

CFO Dive

Policymakers have refrained from declaring sufficient progress in their fight against inflation, pushing back by several months market expectations for a rate cut.

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U.S. Technology Adoption, 1900-2021

Barry Ritholtz

A century of tech adoption in 30 seconds click for animation Source: Blackrock The post U.S. Technology Adoption, 1900-2021 appeared first on The Big Picture.

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Trending Sources

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Chemours probes ‘tone at the top,’ puts CEO, CFO on leave

CFO Dive

The chemicals company said it is evaluating “potential material weaknesses” in its internal control over financial reporting. Its shares plunged 35% Thursday.

CFO 273
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Verjaringstermijn voor rechtsvorderingen tegen vennoten strijdig met art. 10 en 11 van de Grondwet

Corporate Finance Lab

In een arrest van 1 februari 2024 heeft het Grondwettelijk Hof geoordeeld dat het verschil in de verjaring van rechtsvorderingen ten aanzien van vennoten en ten aanzien van bestuurders de grondwettelijke gelijkheidgelijkheidstoets schendt. Achtergrond Krachtens art. 198, §1 eerste streepje W.Venn. (thans art. 2:143, §1, tweede streepje WVV) verjaren alle rechtsvorderingen tegen vennoten door verloop van vijf jaren, te rekenen van de bekendmaking hetzij van hun uittreding [1] hetzij van de akte v

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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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Clearing the tax ‘data swamp’: Thomson Reuters

CFO Dive

To keep pace with emerging tax requirements, organizations need to change their processes as well as their technologies, Thomson Reuters’ Ray Grove said.

More Trending

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Microsoft rolls out Copilot AI tool to finance teams

CFO Dive

The move is part of Microsoft’s effort to layer AI across its enterprise offerings, with the ambitious goal of impacting every role in the workplace.

Finance 233
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?ION wins ‘Best SOR application’ at TTI Europe Awards 2024

Reval

​LONDON – 01 March 2024: ION, a global leader in trading and workflow. The post ​ION wins ‘Best SOR application’ at TTI Europe Awards 2024 appeared first on ION.

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Paytm Payments Bank and Paytm to discontinue inter company agreements amid regulatory scrutiny

CFO News

Paytm Payments Bank has been instructed by the Reserve Bank of India to halt its basic banking services from March 16. Earlier this week, on Monday, Vijay Shekhar Sharma - the founder of Paytm - announced his resignation from the board of Payments Bank, which replaced its directors with new inductees, mostly from the banking and bureaucratic fraternity.

Banking 52
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Gartner: Finance leaders must look into change fatigue in project planning

Future CFO

As change is deemed as a permanent thing in this world, it is important that business leaders learn how to ride on to maximise benefits and opportunities and plan ahead for projects and initiatives. For this matter, Gartner found that finance employees are facing unprecedented levels of change and are becoming increasingly fatigued by it, creating a business risk that can drive down employee performance.

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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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Billionaire Adani Group’s refinancing risks ebb on earnings lift

CFO News

The group’s Ebitda, or earnings before interest, tax, depreciation and amortization rose more than 60% to 194.75 billion rupees ($2.3 billion) in the third quarter ended Dec. 31 with a bulk of that coming from the transport, infrastructure and energy units of the conglomerate. The group reported an Ebitda of $9.5 billion for the nine months to Dec. 31.

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The Mentoring Round | Jeff Woolard, CFO, Velocity Global

CFO Thought Leader

Inside The Mentoring Round, CFO Jeff Woolard shares an example from Intel where finance’s broad view helped realign the product roadmap with market demands, enhancing margins. Woolard advocates a structured decision-making process to navigate uncertainties effectively. He stresses the importance of not just operational efficiency but also actively seeking opportunities to enhance the firm’s value. 978: From Silicon Roots to Global Routes | Jeff Woolard, CFO, Velocity Global The post

CFO 52
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India's April-January fiscal deficit at Rs 11.03 lakh crore, narrows on-year to 63.6% of revised FY24 aim

CFO News

India's fiscal deficit for April to January, or the first 10 months of this fiscal year, was at 11.03 lakh crore rupees, equivalent to 63.6% of annual estimates, narrowing from the previous year's 67.8%. The government aims to narrow the fiscal gap to 5.8% of GDP in this financial year from 6.4% a year earlier.

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Economy on a high growth trajectory due to sustained reforms: India Inc

CFO News

India's GDP growth in the October-December quarter of FY24 has surpassed expectations, driven by double-digit growth in manufacturing and strong performance in mining, quarrying, and construction sectors. The GDP growth was 4.3% in the October-December 2022 quarter, according to data from the National Statistical Office (NSO). The robust expansion came despite geopolitical flashpoints and is supported by structural reforms and improvements in business ease and cost.

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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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Auto industry to invest $7 bn in 5 years to deepen parts localisation

CFO News

The Indian auto industry is set to invest up to $7 billion by FY28 to deepen localisation of advanced components, including electric motors and automatic transmissions, to reduce imports and capitalize on multinationals' 'China Plus One' sourcing strategy. The Automotive Component Manufacturers Association (ACMA) reports that automakers and suppliers are likely to make this investment between FY24 and FY28.

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Premium segment to clock robust growth over 3-4 years: CK Venkataraman, MD, Titan

CFO News

“In the significant per-capita income shift that’s expected to happen in the next few years, the top-tier income segment numbers are expected to grow faster than those income segments which are lower,” said Venkataraman, winner of the ET Business Leader of the Year award.

Numbers 52
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PE-VC investments in startups dropped 11% yoy, deals fell by 33% in 2023: Report

CFO News

According to a latest report by EY India, the outlook for India's startup ecosystem remains positive despite the slowdown witnessed in 2023. The underlying strengths of the Indian economy, coupled with a robust founder-investor ecosystem, position the country favorably for future investments.

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India's GDP grows sharply at 8.4 per cent in Q3, FY24 estimate revised upwards to 7.6 per cent

CFO News

GDP Q3: An ET poll of 15 economists had expected the GDP to grow by 6.6 per cent in the third quarter. Forecasts varied from 6 per cent to 7.2 per cent for the quarter ended December. Meanwhile, the Reserve Bank of India (RBI) had estimated a growth rate of 6.5 per cent for the same period.

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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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Solid Q3 GDP data drives Sensex 600 points higher, Nifty above 22,150

CFO News

From the Sensex pack, Tata Steel, M&M, Tata Motors, Maruti, JSW Steel, and Power Grid opened with gains, while Sun Pharma, Infosys, Nestle India and HUL opened with cuts.

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