Musings on Markets

DECEMBER 10, 2023

Can one person make a difference to the value of a business? Of course, and with small businesses, especially those built around personal services (a doctor or plumber’s practice), it is part of the valuation process, where the key person is valued or at least priced and incorporated into valuation. While that effect tends to fade as businesses get larger, the tumult at Open AI, where the board dismissed Sam Altman as CEO, and then faced with an enterprise-wide meltdown, as capital providers and

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Valuation Profit and Loss Entertainment Investments 116

Tips Watch

DECEMBER 10, 2023

By David Enna, Tipswatch.com You can’t watch CNBC for more than 10 minutes without hearing some analyst predict the Federal Reserve will begin cutting interest rates in March 2024 … or May … or certainly by June.

Investments 70

Investments 70

CFO Thought Leader

DECEMBER 10, 2023

Among the industries on which the pandemic was most known to have afflicted an extra helping of earnings chaos, most business analysts agree that the home fitness market is perhaps most deserving of special mention. Indeed, few sectors logged steeper gains and more precipitous losses during COVID’s comings and goings than home fitness—and perhaps few demanded more reflexive, in-the-moment, decision-making inside the management cockpit.

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CFO Leadership Finance Education 52

Future CFO

DECEMBER 10, 2023

As part of the journey to better sustainable reporting in 2024, a chief financial officer must understand how he or she can properly navigate around its implementation. This can be enabled by various factors, such as a good planning process , reliable technology, and people in the organisation. The Association of Chartered Certified Accountants enumerated the key elements for a successful sustainable reporting implementation.

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CFO Auditing Risk Management Education 52

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

Investments

CFO News

DECEMBER 10, 2023

At the helm of FICCI, Anish Shah is joined by Harsha V Agarwal, Vice Chairman and Managing Director of Emami Ltd. Agarwal is one of the youngest second-generation leaders of the Rs. 35,000 crore Emami Group and a member of the strategic think-tank committee. He is the younger son of Mr Radhe Shyam Agarwal, Founder of Emami Group.

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CFO News

DECEMBER 10, 2023

The startups involved in battery swapping have accused that the proposed standards in the policy draft favour one particular industry player. Amid these accusations, there has been much back-and-forth, with one battery swapping company saying that at the last meeting of stakeholders, the ministry of heavy industries had assured everyone of juking the standardisation requirement.

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Startups 52

Future CFO

DECEMBER 10, 2023

Forward-thinking boards are including AI-related goals in management's scorecards, said Grant Thornton. The post AI governance: How can boards hold management accountable? appeared first on FutureCFO.

Accounting 52

Accounting 52

CFO News

DECEMBER 10, 2023

K. E. Raghunathan said the estimate has been segregated into business loss due to production being stopped, machinery or asset loss and material loss. Raghunathan said the population in KTCC (Kanchipuram, Tiruvallur, Chennai and Chengalpattu districts) in Tamil Nadu alone is assumed to be 1.75 crore with over 3.50 lakh industries spread over 12 SIDCO/SIPCOT constructed industrial estates at Kakkalur, Thirumalisai, Gummidipoondi, Ambattur, Guindy, Thirumudiwakkom, Oragadam, Siruseri, Sriperumbudu

Construction 52

Construction 52

Barry Ritholtz

DECEMBER 10, 2023

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Age of Doom: Social media has convinced us that everything is awful all the time For a huge number of young people climate change isn’t an issue that’s serious but solvable – it’s the end of human civilization. According a survey from The Lancet, more than half of young people think ‘humanity is doomed’ due to climate change.

Benchmarking 104

Benchmarking Numbers Accounting Planning 104

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.

Accounting

CFO News

DECEMBER 10, 2023

A report by Policybazaar has revealed that more than 63% of taxpaying Indians are still on the old tax regime, compared to the 37% who have moved to the new one. The survey also found out that a third of the respondents had not done any calculations before choosing the tax regime.

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CFO News

DECEMBER 10, 2023

Compared to most countries, India imposes a high tax rate on cryptocurrency activities. There is a 30% tax on gains, surpassing rates for other investments like equities. There is also a 1% TDS, which all the crypto platforms are supposed to deduct from every trade.

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Investments 52

CFO News

DECEMBER 10, 2023

Fitch Ratings' Global Economic Outlook forecasts a decline in global growth to 2.1% in 2024 from the robust 2023 performance. While 2023 saw resilient growth fueled by China's consumption uptick and US resurgence, challenges like China's property slump, Eurozone stagnation, and monetary tightening could lead to this slowdown.

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Forecasting Economics 52

CFO News

DECEMBER 10, 2023

India restricts corporate houses from owning banks, raising questions about their absence despite financial capabilities. Allowing them could foster 'connected lending,' granting preferential loans to connected parties. A 2020 RBI proposal advocated their entry, criticism centered on consolidating economic and political power.

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Economics Banking 52

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.

Accounting

CFO News

DECEMBER 10, 2023

Adani Power had offered Rs 3,650 crore, as reported by ET on November 2. The unsolicited offers are made almost 10-11 months after 95% of lenders voted for a plan by the Power Finance Corp (PFC) led consortium.

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Finance Planning 52

CFO News

DECEMBER 10, 2023

For empanelment for managing OFS transaction size of Rs 750 crore to Rs 2,000 crore (A+), and less than Rs 750 crore (A), the interested merchant banker would be required to have managed at least one capital market transaction of Rs 750 crore and Rs 500 crore respectively between April 2020 and till now.

Marketing 52

Marketing 52

CFO News

DECEMBER 10, 2023

"Over the last 20 years, Bajaj Auto has successfully executed two significant transformations - from being a scooter licensee to becoming a motorcycle innovator, and from being a domestic player to becoming a global powerhouse.

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CFO News

DECEMBER 10, 2023

As part of amendments to the IBC, the corporate affairs ministry will likely include the provision to extend the pre-packaged insolvency framework to large firms or introduce a similar "creditor-led resolution" mechanism for them, but only when it believes the time is right, a person told ET on condition of anonymity.

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Reconciliations

CFO News

DECEMBER 10, 2023

An impasse after several rounds of discussions has left Dunzo’s other investors increasingly sceptical of its chances of survival in the absence of fresh funding soon, said multiple people briefed on the situation.

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Retail 52

CFO News

DECEMBER 10, 2023

According to the latest projections provided by the RBI's Monetary Policy Committee, consumer price index inflation is seen at 4% in July-September and 4.7% in October-December of the next financial year. The central bank has repeatedly emphasized that it needs to see a durable return to 4% inflation before it can consider any change in its current tight policy.

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Banking 52

CFO News

DECEMBER 10, 2023

The company has expedited the process of manufacture in India as the Bureau of Indian Standards (BIS) has mandated that all electric and non-electric toys bear the ISI mark, and toys without an ISI mark are not permitted to be sold in the country. WHP Global is a brand management firm with a portfolio of consumer brands that generate over 6.5 billion USD in retail sales.

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Manufacturing Retail Sales 52

CFO News

DECEMBER 10, 2023

​"The other piece in ITC Next was getting structural efficiencies out of the investments we had done on ICMLs (Integrated Consumer Goods and Logistics) facilities. So we integrated the warehouses and the factories and put in automated warehouses. It is now a seamless flow from the factory into the warehouses. Your layers of handling and transportation are reduced, so you bring in efficiencies there," Puri said.

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Transportation Investments 52

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

Sales

CFO News

DECEMBER 10, 2023

Policymakers from fully half of the Group of 10 jurisdictions of most-traded currencies are scheduled to meet in the coming days, and interest rates for 60% of the world economy will be set in a whirlwind 60-hour window. Most notable will be the US Federal Reserve on Wednesday, followed on Thursday by central banks including those of the euro zone and the UK.

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Currencies Banking 52