Mon.Dec 30, 2024

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Recruitment and Retention Strategies for a Nonprofit

The Charity CFO

In a recent episode of A Modern Nonprofit Podcast, host Tosha Anderson sat down with Greg Miller, President and CEO of Penn-Mar Human Services, to discuss the critical issues of recruitment, retention, and strategic partnerships in the nonprofit sector. With over three decades of experience in human services and nonprofit management, Miller shared valuable insights on how organizations can attract and retain top talent while fostering meaningful partnerships.

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Arthur Zeikel’s Investing Rules

Barry Ritholtz

Arthur Zeikel was a founding principal of Standard & Poor’s/InterCapital, Inc., and served as Chairman of the Board. He eventually became president of Merrill Lynch Asset Management, leading the division with a value-oriented approach and a focus on long-term fundamentals. He was an adjunct professor at NYU STern School of Business. He co-authored Investment Analysis and Portfolio Management , now in its fifth edition.

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The Best Of Weekend Reading 2024: Top 24 Articles You Might Have Missed

Nerd's Eye View

Each week in Weekend Reading For Financial Planners, we seek to bring you synopses and commentaries on 12 articles covering news for financial advisors including topics covering technical planning, practice management, advisor marketing, career development, and more. And as 2024 draws to a close, we wanted to highlight 24 of the most popular and insightful articles that were featured throughout the year (that you might have missed!).

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Adani Enterprises to fully exit Adani Wilmar in $2 bn multi-phased deal

CFO News

Adani Enterprises Ltd will exit its 44 per cent holding in Adani Wilmar Ltd in two phases, selling up to 31.06 per cent to Wilmar Internationals subsidiary, Lence Pte Ltd, and approximately 13 per cent to meet public shareholding requirements. The transaction will be completed via a call or put option mechanism, with the agreement signed on December 30, 2024.

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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10 Monday AM Reads

Barry Ritholtz

My almost back-to-work morning WFH reads: The C.E.O.s Are Tripping. Can Psychedelics Help the C-Suite? A growing cottage industry is dedicated to the theory that mind-altering drugs can improve business leadership. ( New York Times ) MicroStrategys secret sauce is volatility, not bitcoin : Self-reinforcing market forces are creating demand for Michael Saylors lottery ticket convertible bonds. ( Financial Times ) see also The Investing Cult Fueling MicroStrategys Ascent: Have Fun Staying Poor R

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Wrap 2024: Digital transformation, agility, and strategic leadership transformed the CFO community, say finance leaders

CFO News

As 2024 comes to a close, CFOs reflect on a transformative year, where digital agility, strategic leadership, and resilience were key. Facing economic uncertainty and disruption, CFOs evolved into drivers of growth, innovation, and long-term success, reshaping the corporate landscape.

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Rise in rural demand, urban wages likely to spur consumption; but will geopolitics oblige?

CFO News

The Indian economy is expected to see strong growth next year, contingent on improved consumption, investment, lower inflation, and interest rates, along with a stable geopolitical environment. Significant factors include a revival in rural and urban demand, boosted public investment, and potential impacts from US trade policies.

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India's economic growth slumps to 5.4%: What it means for future policy changes

CFO News

Growth slumped to 5.4 per cent in the July-Sept quarter, leading RBI to revise its growth forecast for 2024-25 to 6.6 per cent. There are calls for a rate cut to boost demand and growth. While rural demand remains strong, urban demand has slowed. Experts suggest persisting with reforms in light of global uncertainty and the upcoming budget may provide guidance.

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Rewind 2024: Apple in India makes significant strides amid premiumisation, PLI push, retail expansion

CFO News

Within the electronics sector, smartphone exports have recorded a 45 per cent increase in exports as leading players such as Apple expand production in the country. Apple's entry into India, supported by its vendors Foxconn, Pegatron, and Tata Electronics, has boosted smartphone exports this year.Apples iPhone production reached $10 billion in the seven months of this fiscal (FY25), with $7 billion in exports alone which is a record.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Small language models set to be the next big thing in AI

CFO News

Like large language models (LLMs), SLMs can generate human-like language but are trained on smaller datasets with fewer parameters. They are said to be easier to train and use, consuming less computational power, more cost-effective, and better suited for specific tasks.

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Electric scooter maker Ather Energy receives Sebi nod for IPO

CFO News

With this, the Hero MotoCorp-backed company will become the second EV maker in India to go public, after Bhavish Aggarwal-led Ola Electric. The IPO includes a fresh issue of equity shares worth up to INR 3,100 crore and an OFS of up to 2.2 crore equity shares by existing shareholders.

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Gujarat tax notice prompts Bajaj Electricals to pay ₹284

CFO News

Bajaj Electricals chooses not to contest the tax demand and penalty issued by the Gujarat Government on August 2, 2024, for 218. The decision follows certain suppliers' failure to pay corresponding taxes. The company opts to settle the demand and penalty voluntarily before any formal order is issued.

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Streamline taxation, bolster manufacturing in Union Budget: PHDCCI

CFO News

This increased demand encourages business expansion, driving economic growth. Additionally, the reduction in tax burdens can help mitigate inflationary pressures too, Jain said during the industry interaction with Finance Minister Nirmala Sitharaman here.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

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India's digital capital increased entrepreneurship, business income: World Bank

CFO News

The World Bank's latest assessment highlights India's digital advancement as a key factor driving entrepreneurship, income generation, and social advancement. The report emphasizes the role of digital technologies in benefiting small vendors and economically underdeveloped regions. It acknowledges Nandan Nilekani's contribution in establishing Aadhaar and recognises the vital role of India's IT sector, including TCS and Infosys.

Banking 40
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Companies grapple with costs, complexity of overlapping cybersecurity laws

CFO News

Additionally, there are the overarching mandates under the Digital Personal Data Personal (DPDP) Act, with its Rules around the corner, which not only holds organisations accountable for data security but also could penalise them with hefty fines.

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Zomato shares in focus after Magicpin plans to go public in 2025

CFO News

Magicpin, supported by Zomato, aims to go public in 2025. The company will enter the quick commerce segment for food delivery under the magicNow brand in several cities. Magicpin successfully completed 75,000 deliveries during its pilot phase. Zomato shares increased by 4.3%, reaching a market capitalization of Rs 2,71,753 crore.

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Premium real estate companies to play out well in 2025; look at FMCG stocks from next quarter or so: Deven Choksey

CFO News

Commodity-related businesses and the finance sector are expected to do well with potential rate reductions in the next six to eight quarters. India's growth program will positively impact real estate. The stock market outlook is positive. The performance of large-cap companies and FMCG sectors may improve. Pharma and real estate industries show growth potential.

Finance 40
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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Hindalco Industries faces Rs 47.74 lakh penalty from GST authorities

CFO News

Hindalco Industries received a fine and penalty totaling Rs 47,74,752 from the Deputy Commissioner of Central GST, Ranchi, over disallowed transitional Cenvat Credits. The company plans to appeal, believing they have a strong case. The order, dated December 16, 2024, was received on December 26, 2024, and disclosed per SEBI regulations.

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HUL takes direct-to-Kiranas distribution route

CFO News

Hindustan Unilever is streamlining its distribution process by directly supplying products to kirana stores in Mumbai, with the aim to reduce supply time to under 24 hours. Distributors will manage orders and payments, while HUL handles logistics. The initiative will expand to Delhi and other metros, enhancing service efficiency.

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India Inc seeks triple boost: jobs, infra, consumption

CFO News

They urged finance minister Nirmala Sitharaman to rationalise the taxation system, lower the cost of doing business and initiate next-level policy reforms during a pre-budget consultation she held with all leading business chambers and industry groups on Monday.

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Rise in household debt because number of borrowers rose: RBI

CFO News

India's household debt is increasing, driven primarily by rising borrower numbers rather than higher average indebtedness. The Reserve Bank of India highlights this growth is particularly among subprime borrowers using loans for consumption and super-prime borrowers leveraging debt for asset creation. Rising debt among high-rated borrowers is considered financially stabilising.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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India launches pilot project for skills training of girls to boost their presence in labour force

CFO News

India launches door-to-door mobilisation drive to train 3,800 adolescent girls in 27 districts across 19 states in skills like IT and hospitality, aiming to increase female workforce participation and economic growth. The project offers incentives and holistic development, targeting early workforce entry.

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Prospects of economy expected to improve in 2025: RBI Governor

CFO News

RBI Governor Sanjay Malhotra asserts that India's economy is set to improve in 2025 due to high consumer and business confidence, despite early growth moderation. Financial sector stability and a resilient global economy, along with easing monetary policy, are expected to support this growth trajectory.

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India's manufacturing sector's contribution to GVA will surge to 21 pc by 2032 from 14 pc now: Report

CFO News

The manufacturing sector in the country is poised for significant growth, with its contribution to the Gross Value Added (GVA) expected to rise from the current 14 per cent (USD 459 billion) to 21 per cent (USD 1,557 billion) by 2032.

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Industry seeks focus on capex, fiscal consolidation, tax rationalistion in pre-Budget meeting with FM

CFO News

In the pre-budget meeting with Finance Minister Nirmala Sitharaman on Monday, representatives from various industry bodies put forward a bouquet of suggestions before the government.

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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