Sun.Jun 16, 2024

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Inflation breakeven rate makes 5-year TIPS auction look attractive

Tips Watch

Do you believe inflation will average more than 2.12% over the next 5 years? By David Enna, Tipswatch.com The U.S. Treasury on Thursday will offer $21 billion in a reopened 5-year Treasury Inflation-Protected Security, CUSIP 91282CKL4.

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Tech gig economy grows, India to have 23.5 million workers by 2030

CFO News

India's gig workforce is projected to reach 23.5 million by 2030, driven by the demand for remote work. The growth, as per a Nasscom Aon report, highlights the increasing importance of gig workers in bridging tech talent gaps.

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Trending Sources

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1,009: From GE Conference Rooms to Pinstripes Boardroom | Tony Querciagrossa, CFO, Pinstripes

CFO Thought Leader

Two-and-a-half years ago, CFO Tony Querciagrossa began a discussion with Dale Schwartz, founder of Pinstripes, that would eventually lead to Querciagrossa joining the experiential dining up-and-comer as CFO. Turn back the clock a little, and you would see that Pinstripes, aiming for a traditional IPO, had engaged Goldman Sachs to solidify its path toward benefiting from a permanent capital structure.

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A Day in the Life: Ashutosh Agarwal from SS&C Blue Prism

Future CFO

Editor’s note: In today’s A Day in the Life interview, Ashutosh Agarwal (pictured), Head of Customer Success at APAC, SS&C Blue Prism shares with FutureCFO audiences how high-attitude trekking helps him grow both professionally and personally as well as what his typical work day’s like. FutureCFO: What does a typical day look like for you? Ashutosh Agarwal (AA): I currently head the customer success function for the Asia Pacific region for SS&C Blue Prism.

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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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Foreign investors return to Indian markets with investment of Rs 2743 crore

CFO News

Foreign portfolio investors (FPIs) have returned to the Indian equity markets, with a net investment of Rs 2,743 crore on Friday. Despite this positive development, the overall net investment by FPIs remains negative.

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Fortis, Apollo, Medanta, and Max lead the charge in bidding war for Jaypee Healthcare

CFO News

Fortis Healthcare, Apollo Hospitals, Medanta, and Max Healthcare are among companies interested in acquiring Jaypee Healthcare, a subsidiary of Jaypee Infratech in Noida with a total debt of about Rs 1,000 crore.

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Balancing Act: With greater capex comes lower dividend

CFO News

The dividend payout ratio is the proportion of a company's earnings paid to shareholders as dividends. This payout tends to be lower in times when companies spend more on expansion. Companies with a high cash flow in mature industries tend to have higher dividend payout ratios.

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Family Inc cheques into Oyo's Rs 1,000 crore fundraise

CFO News

Hospitality startup Oyo is raising around Rs 1,000 crore from family offices and investors. The fundraise aims to value Oyo at about $2.5 billion, marking a significant decrease from its peak valuation of $9 billion in 2021.

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Zomato confirms discussions to acquire Paytm’s movies, ticketing business

CFO News

Zomato confirmed in a stock exchange filing that it is in talks to acquire fintech Paytm's ticketing business, as reported by ET on June 16. The company added that "no binding decision" has been taken about the deal at this point. The deal could value the Paytm vertical at around Rs 1,600-1,750 crore.

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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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Indian corporates are likely to go slow on overseas dollar loans: BofA

CFO News

Indian corporates are likely to reduce overseas dollar loans due to expensive current rates. There is a 'huge pent-up demand' for investing in local firms' equity. Borrowing costs in the US have increased sharply, leading to a preference for IPOs and follow-ons in India.

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Must evolve to eased, 3-tier GST rate format: CII Prez Sanjiv Puri

CFO News

India needs to transition towards a three-tier rate structure in goods and services tax over time, according to Confederation of Indian Industry president Sanjiv Puri. Puri suggests creating a GST Council-like structure for pushing reforms, some of which are in states' domain. India's economy is doing well in a stressed global environment due to policy instruments deployed by the government over the past years.

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RBI's special audit over, IIFL Finance appoints team to implement corrective actions

CFO News

IIFL Finance, under scrutiny by the RBI for irregularities in its gold loan portfolio, has taken corrective actions to address concerns. RBI directed the company to halt new gold loans due to supervisory concerns and deviations in gold assessment. The company raised capital through rights issues and NCDs to mitigate risks and reported a net profit in Q4.

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SOPs for faster sanction of loans, insurance in works

CFO News

The Centre is collaborating with financial institutions to create a common application form and SOPs for faster sanction of financial services like loan disbursals and insurance under key schemes.

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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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1st Modi 3.0 Budget to eye job creation by expanding PLI scheme, MSME focus

CFO News

Steps to boost jobs by expanding the Production Linked Incentive scheme to furniture, toys, footwear and more segments of textiles, along with a focus on MSMEs, while increasing income levels of women and boosting infrastructure, are expected to be among the key thrust areas of the Modi govt's first Budget in its third term with several of the issues also being part of govt's 100-day agenda that will feed into the targets for 2030.

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Lenders made better recovery in large IBC cases: Official data

CFO News

Lenders recovered 33.2% of claims from large stressed firms under the Insolvency and Bankruptcy Code. Factors such as realisable asset values, liquidation processes, and the rescue of bankrupt firms influence recovery rates.

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PwC India expects upswing in small, mid-size M&A transactions

CFO News

PwC India anticipates an upswing in India markets, especially in small to mid-size M&A transactions and growth fundings. Sanjeev Krishan highlights diverse M&A strategies, PE investment trends, and top deals. The firm aligns with India's 'Viksit Bharat' agenda and emphasizes emerging technologies and ESG integration.

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Finance minister to meet economists, farm bodies for pre-Budget talk

CFO News

Promises made in the interim budget may get a concrete shape with more specific allocation, sources said.

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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.