CFO News
JUNE 2, 2024
Amarjit Chopra, former President of the Institute of Chartered Accountants of India (ICAI), provides insight into India's electoral bond scheme, emphasizing the Election Commission's critical role. He also reflects on the Supreme Court's involvement, suggesting that instead of deeming electoral bonds illegal, modifications could have been proposed prospectively to address scheme deficiencies.
Future CFO
JUNE 2, 2024
Editor’s note: In today's A Day in the Life interview, Bhurima Tienwuttinun (pictured), ACMA, CGMA, Director at Matson Driscoll & Damico (Thailand) Co. Ltd shares with FutureCFO audiences what a typical day is like for a forensic accountant and her passion for teaching. FutureCFO: What does a typical day look like for you? Bhurima Tienwuttinun (BT): A typical day in my role as a forensic accountant specialising in insurance loss quantification, quantum expert services of evaluating economic
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CFO News
JUNE 2, 2024
The letter was written after the board noted that many tax officers were abusing the exceptional case clause, initiating recovery proceedings before the expiry of the specified three-month period, even in routine cases, forcing the companies to move courts to seek stay on the recovery process. This attracted not only adverse comments from the judiciary but in some cases even penalty.
Future CFO
JUNE 2, 2024
Accountancy and finance professionals can augment 60% to 100% of critical work functions with artificial intelligence in assurance, financial accounting, and management accounting, according to a whitepaper released by the Institute of Singapore Chartered Accountants (ISCA). ISCA views AI as a positive disruptor to enhance and complement the work of accountancy and finance professionals, instead of replacing them, with 72% of employers surveyed agreeing that AI will be a game changer for their b
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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CFO News
JUNE 2, 2024
Ola Electric, eyeing an IPO, is reportedly trimming its workforce by 400-500 employees to streamline operations. This number may change as the senior leadership is still concluding the scale of the layoffs. They are expected to hit multiple verticals, sources told ET.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO News
JUNE 2, 2024
In the interim budget in February, the government had set the FY25 fiscal deficit goal at 5.1% of GDP and revised the FY24 target to 5.8%. However, the actual fiscal gap for FY24 was contained at 5.6%. With exit polls projecting Prime Minister Narendra Modi to retain power with a strong majority, policy continuity is expected, and the government may aim to further improve the fiscal deficit target for the upcoming fiscal year starting April 1, 2025.
CFO News
JUNE 2, 2024
India's chances of soverign rating upgrade is likely high. Exit polls predict Narendra Modi's BJP-led NDA will secure a third term with a significant majority. The NDA is expected to surpass its 2019 tally, easing concerns about replicating previous success. This likely continuity boosts economic confidence, with S&P upgrading India's outlook to "positive" and fiscal indicators showing robust growth and reduced deficit.
CFO News
JUNE 2, 2024
The CBIC has said the Principal Commissioner or commissioner level officers can issue directions to recover GST dues before the stipulated three months of serving of demand order.
CFO News
JUNE 2, 2024
Modi stocks are companies or sectors that have benefited directly from government policies and initiatives under PM Narendra Modi, making them attractive to investors looking to capitalize on government-driven growth. CLSA has identified 54 such companies, perceived as direct beneficiaries, half of which are PSUs.
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.
CFO News
JUNE 2, 2024
The Bank Clinic is an initiative by the All India Bank Employees' Association (AIBEA) to help customers address their grievances amid rapid expansion in technology and a series of Reserve Bank of India (RBI) guidelines on retail banking. A customer can fill out the details of her/his complaint, create a ticket, and receive a reply in five working days on the remedies available and information on what the RBI guidelines prescribe on that matter.
CFO News
JUNE 2, 2024
According to the RBI annual report, frauds increased from 13564 in FY23 to 36,075. RBI has said that the frauds have occurred predominantly in the category of digital payments (card/internet) in terms of number.
CFO News
JUNE 2, 2024
Technology policy lawyers, think tanks and policy groups are making a list of priority items for the new leadership at the IT ministry after the results of the general elections. The Digital Personal Data Protection (DPDP) Rules seem to top the list, along with regulation of AI and the Digital India Bill.
CFO News
JUNE 2, 2024
India will continue to be the world’s fastest-growing economy and the Indian-corporate world has its hopes up as it expects the next government to continue on the reform path and steer the Indian economy towards high growth.
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.
CFO News
JUNE 2, 2024
Religare alleged that InGovern, founded by Shriram Subramanian, had published a defamatory report on its website without any verification and without studying information available in the public domain.
CFO News
JUNE 2, 2024
100X.VC, a Mumbai venture capitalist firm, injected $2.7 million into 17 startups in their 11th cohort. This brings their total portfolio to 161 companies. Ninad Karpe, founder and partner at 100X.VC, said they invested Rs 1.25 crore in each startup and provided mentorship to help them refine their products and go-to-market strategies.
CFO News
JUNE 2, 2024
Indian benchmark equity indices Nifty 50 and BSE Sensex hit record highs as exit polls predict a third term for PM Modi, boosting investor optimism for infrastructure and manufacturing investments.
CFO News
JUNE 2, 2024
A new Sebi rule requires top listed companies to confirm, deny, or clarify market rumours reported in mainstream media, focusing on material impacts on share prices.
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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.
CFO News
JUNE 2, 2024
The RBI's challenge for the year may not be inflation but liquidity. Government spending resumption and overseas fund flows complicate monetary policy effectiveness.
CFO News
JUNE 2, 2024
RBI to hold rates on strong GDP growth. Inflation within target range but food inflation high. RBI cautious on weather impact.
CFO News
JUNE 2, 2024
Delhi-based entity made illegal sale of cryptocurrencies, sent proceeds to Hong Kong and Canada. Bank officials too being probed for leaking info, helping accused. The agency has carried out searches on residences of one of the suspects, Manideep Mago, and his company, Birfa IT Services.
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