Sun.Aug 25, 2024

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Turn AI potential into AI value

Future CFO

Gartner VP Analyst Mary Mesaglio discusses the critical steps executive leaders can take to turn AI potential into real value, diving deep into the challenges of executing artificial intelligence strategies , the importance of aligning business, and technology outcomes. Mesaglio also explores how organisations can scale and manage AI, as well as the budgeting for change management.

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Banks up tech hiring with RBI pushing for enhanced risk management

CFO News

In response to the RBI's increasing focus on financial sector stability, banks are bulking up their technology capabilities by expanding their tech teams and increasing IT investments. This comes amid the growing importance of cybersecurity and the need to adopt AI-driven services, which are becoming essential components of the banking industry.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The End of Fabulous Money Market Rates Is Near : You have been able to earn solid returns by parking your money in fairly safe places, our columnist says. But that won’t last much longer. ( New York Times ) • How many dynamic companies broke their streaks of engineer-CEOs for the first time in the 2000s?

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Plan in works to put FPI & FDI rules on equal footing

CFO News

Currently, an FPI or an investor group can hold only up to 10% equity in a listed company. More than 10% is allowed through FDI. The fungibility would allow individuals the freedom to freely manage investments. Even portfolio investors can pick up more than 10% stake in a company. Foreign investment is classified under different buckets and faces different regulations, said the official cited above.

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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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Anil Ambani reviewing Sebi order, to take appropriate steps: Statement

CFO News

Businessman Anil Ambani is reviewing a Sebi order imposing a fine and banning him from capital markets for five years in an alleged fund diversion case and will take appropriate next steps as legally advised, his spokesperson said in a statement on Sunday.

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Tata Sons repays Rs 20,000-crore debt in bid to stay private

CFO News

As a core investment company that borrows funds from banks and markets to invest in group companies, Tata Sons was classified by the RBI as an NBFC-Upper Layer (NBFC-UL) in September 2022. Under RBI regulations, an NBFC-UL must be listed within three years of such a categorisation. But with the promoter risk profile reducing drastically following the debt repayment, Tata Sons is no longer required to list its stock, having offered to surrender its certificate of registration to the central bank.

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Gig worker demand set to rise 40% during festive season peak

CFO News

As the festive season kicks in, the demand for gig work riders employed by quick commerce platforms may grow by as much as 40% on peak demand days from the current level of about three to four lakh riders, industry executives told ET. Ecommerce and food delivery platforms may hire about 20% more gig riders.

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Trade unions divided over the unified pension scheme

CFO News

While central trade unions like the All India Trade Union Congress (AITUC) and Centre of Indian Trade Unions (CITU) have outrightly rejected the unified pension scheme (UPS) announced by the government on Saturday and urged government to restore the old pension scheme (OPS), RSS-affiliate Bhartiya Mazdoor Sangh (BMS) said though its is close to the OPS yet difference remain and the trade union will decide on its future course of action after the details of UPS are out.

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Auto Inc seeks policy boost for faster transition to green vehicles

CFO News

India's adoption of electric and hybrid vehicles is significantly lower than China's, with EV penetration at 2.5% compared to China's 49%. Experts recommend incentivising plug-in hybrid electric vehicles (PHEVs) to address economic and infrastructural barriers. Major automakers support this strategy as a vital step towards promoting cleaner mobility solutions.

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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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GenAI will ensure strong hiring growth: Infosys CEO Parekh

CFO News

Infosys CEO Salil Parekh discussed the company's current challenges and future prospects amid slow revenue growth and a competitive landscape. He highlighted the potential of generative AI to drive new projects and efficiencies. Parekh also addressed past investment decisions, current AI initiatives, and partnerships with global capability centres, emphasizing Infosys's strong tech capabilities and future goals.

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Jio Financial Services gets nod to raise foreign investment limit to 49%

CFO News

Jio Financial Services Ltd has been granted approval to raise its foreign investment limit to 49%. Foreign investors currently hold 17.55% of the company's shares. The company's net profit fell 6% in the first quarter ending June. Jio Financial introduced new services such as mutual fund loans and auto insurance in July.

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What are the contentious issues before the GST Council?

CFO News

At the upcoming 54th meeting of the council, the primary focus will be on rate rationalisation and the taxation of health and life insurance products.

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