Sun.Oct 20, 2024

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What about Thursday’s auction of a new 5-year TIPS?

Tips Watch

Real yields are holding up, but the curve is widening. By David Enna, Tipswatch.com The October auction of a new 5-year Treasury Inflation-Protected Security is always a baffler.

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Sibos Conference Opens In China For First Time

Global Finance

To coincide with the Year of the Dragon, Sibos, SWIFT’s annual financial services conference, exhibition and networking event, is being held in China for the first time. In moving to Beijing from Toronto, SWIFT hopes to enhance its position as a global provider of secure financial messaging services, since the city is home to most of China’s biggest companies and the largest number of Fortune Global 500 companies in the world.

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Trending Sources

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ICAI lacks authority on audit standards; MCA can nullify SQMs if not issued as per laws, says ex-NFRA chief Rangachari Sridharan

CFO News

As ICAI introduces new Standards of Quality Management (SQM), questions arise regarding its legitimacy and adherence to established protocols. Rangachari Sridharan, the former chief of the NFRA, asserts that legally valid auditing standards can only be issued by MCA, a position that challenges the ICAI's recent unilateral actions.

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A Day in the Life: Volkmar Ahrens from nxt4sap 

Future CFO

Editor’s note: In today’s A Day in the Life , Volkmar Ahrens (pictured), MD of nxt4sap Pte Ltd, shares how he draws inspiration from visionaries, a dream of building enduring friendships with authentic people who care deeply about life, society and the world, as well as his typical work day. FutureCFO: What does a typical day look like for you? Volkmar Ahrens (VA): My typical day starts early.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

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Sibos Conference Opens In China For First Time

Global Finance

To coincide with the Year of the Dragon, Sibos, SWIFT’s annual financial services conference, exhibition and networking event, is being held in China for the first time. In moving to Beijing from Toronto, SWIFT hopes to enhance its position as a global provider of secure financial messaging services, since the city is home to most of China’s biggest companies and the largest number of Fortune Global 500 companies in the world.

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BNY, Mizuho Announce Partnership On Trade Services

Global Finance

BNY and Mizuho Bank, the oldest banks in the US and Japan, respectively, announced on Sunday an agreement to expand their correspondent bank network to help facilitate international trade. Powered by BNY’s Trade Network Access Service, the agreement allows both banks to access each other’s Relationship Management Applications (RMAs). “We were hearing from some of our clients, who have limited infrastructure, but were having to process a single Letter of Credit once every three years for a certai

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Technology advancements, geopolitical conflicts among top risks for India Inc in next 5 years: Report

CFO News

Amid India's evolving risk landscape, a report by TATA AIG and Dun & Bradstreet reveals businesses are prioritizing technological, legal, and geopolitical risks. Concerns span data privacy, environmental regulations, and economic fluctuations, underscoring the need for robust risk mitigation and business continuity strategies.

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BNY, Mizuho Announce Partnership On Trade Services

Global Finance

BNY and Mizuho Bank, the oldest banks in the US and Japan, respectively, announced on Sunday an agreement to expand their correspondent bank network to help facilitate international trade. Powered by BNY’s Trade Network Access Service, the agreement allows both banks to access each other’s Relationship Management Applications (RMAs). “We were hearing from some of our clients, who have limited infrastructure, but were having to process a single Letter of Credit once every three years for a certai

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Shift from agriculture to manufacturing must for India's growth: Amitabh Kant

CFO News

"Our manufacturing has to grow by 16 times. It has to fire on all cylinders. We have to become a manufacturing nation," Kant told IANS at the Kasauli Literary Festival.

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Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption, and policy failures: • You Can’t Make Friends With The Rockstars : I am tired of hearing about Mark Zuckerberg’s “new look,” in part because I don’t care about it, and in part because I see it as yet another blatant — and successful — attempt to divert attention from the outright decay of the platforms he runs. ( Where’s Your Ed At ) • The New York Times’ first article in 1922 about Hit

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Private firm's 3 directors convicted for not following SEBI rules, defrauding investors

CFO News

A court here has convicted a private company and its three directors in an over 23-year-old case under the SEBI Act and Collective Investment Scheme (CIS) regulations, saying they trapped innocent people by promising them unrealistic returns.

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GoM proposes to raise GST on luxury shoes, watches, aims revenue boost by Rs 22,000 cr

CFO News

In a significant development, the Group of Ministers (GoM) on Saturday agreed upon some Goods and Services Tax (GST) rate revisions that are likely to bring in an additional Rs 22,000 crore revenue.

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ONGC, BPCL eye international partner for new refineries

CFO News

ONGC and BPCL are negotiating with Saudi Aramco to partner in setting up new petroleum refineries in India. BPCL plans to build a refinery in Andhra Pradesh, while ONGC is considering locations in Gujarat or Uttar Pradesh. Engineers India is preparing a pre-feasibility study for the projects, which will require significant international investment.

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Approval delays for RCap buy keep Hinduja Group on edge

CFO News

The acquisition, approved by Reliance Capital's creditors more than a year ago and by the National Company Law Tribunal (NCLT) in February this year, is now held up pending key regulatory approvals from the Reserve Bank of India (RBI), department for promotion of industry and internal trade (DPIIT) and the Insurance Regulatory and Development Authority of India (Irdai) among others, multiple people aware of the matter told ET.

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FPIs pull out Rs 23,274 crore from financial services in 15 days

CFO News

Financial services bore the biggest brunt of foreign selling, with investors pulling ₹23,274 crore out of these shares after buying a similar amount in September. From January to September, overseas investors sold ₹37,732 crore in the sector.

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Finance Minister Nirmala Sitharaman lands in US after concluding Mexico visit

CFO News

India's Ambassador to the United States, Vinay Mohan Kwatra, and Consul General of India in New York, Binaya Srikanta Pradhan, welcomed Sitharaman, following her arrival from Mexico City.

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Hackers target India’s biggest brands: How major firms like Tata and Reliance are strengthening cyber defences

CFO News

A manifold jump in cyberattacks in the past year, and the rise of generative artificial intelligence (Gen AI), leading to greater threat perception amid escalating social engineering and phishing attacks, is prompting companies to undertake regular review of risk factors and cyber preparedness, said industry insiders.

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Navigating Corporate Travel Changes Post-Pandemic

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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This holiday season, companies turn over a new 'leave', give more Diwali offs

CFO News

Indian companies are enhancing work-life balance with extended breaks during Diwali, flexible work options, and more floating leaves. Companies like Deloitte, Meesho, and Myntra give employees additional days off to rejuvenate and spend quality time with family, fostering employee wellness and satisfaction.

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Make the GST list shorter, not longer

CFO News

A GST panel recommends moving more goods to the 28% luxury slab to simplify mid-range categories and merge 12% and 18% slabs. Focus on exempting fewer items, like petroleum, to improve GST efficiency and enhance progressive taxation, aligning with the nation’s economic objectives.

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Big Four affiliates catch the poll fever again, line up for ICAI posts

CFO News

After a break, partners from Big Four affiliates are engaging in ICAI elections due to a more assertive ICAI, changing audit rules, and recent disciplinary actions. Key candidates include PwC's Abdul Majeed and Deloitte's Nandkishore Hegde. The elections aim to bolster their representation amid growing NFRA influence and stricter international networking guidelines.

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India companion during difficult times, takes lead in giving direction to global future: PM Modi

CFO News

Speaking about Artificial Intelligence PM Modi said India is powered by two AIs, the second AI that of Artificial Intelligence.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor