Sun.Oct 20, 2024

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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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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.

Treasury 103
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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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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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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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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

More Trending

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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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Tatas, Adani & other top companies confront talent crunch in India’s renewable energy sector

CFO News

Data from TeamLease Degree Apprenticeship shows that the sector as a whole-consisting of solar, wind, hydro, battery storage-is estimated to create 1.7 million jobs, direct and indirect, in the next three years as several companies are looking to ramp up workforce. About 30-35 per cent of these will be direct jobs and the rest, indirect.

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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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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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Smart Tech + Human Expertise = How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

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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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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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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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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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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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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.

Finance 40
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The AI Race Isn’t Just About Tech Superiority – Its the Supply Chain, Stupid!

The race to dominate AI is no longer about who has the smartest algorithms — it's about who can build and scale faster. Behind every AI breakthrough lies a battle for resources: data centers, compute hardware, power, and telecom infrastructure. And right now, even tech giants are hitting a wall. Our latest white paper reveals the six critical supply chain elements that are increasingly separating AI leaders from the rest.

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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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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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2025 Global Finance Leaders Survey

79% of finance leaders we surveyed say they play a multifaceted role—ensuring financial stability, managing risk, and enabling transformation. In our 2025 Global Finance Leaders Survey, 751 global leaders shared their biggest challenges, top priorities, and outlook for the year ahead. Here’s what you’ll learn in the survey report: An in-depth look at different leadership approaches and what they mean for finance leaders Top challenges facing finance leaders, from data reliability to talent manag