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 222
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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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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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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 205
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Latest Updates and Insights on SAP RISE and GROW

Bramasol

Last year's post " Overview of GROW and RISE with SAP " was one of the most popular and widely shared episodes in this blog series and so it is now time to take another visit to these topics. In this new post, we explore both the progress SAP has made with RISE and GROW evolution and a look at the exciting opportunities going forward. Quick Review of GROW and RISE with SAP The GROW and RISE initiatives both grew out of SAP's emphasis on helping customers migrate to more efficient, scalable and c

SAP 58
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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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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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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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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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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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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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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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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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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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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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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.