Wed.Oct 16, 2024

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November election, event risks loom, drive volatility: Bloomberg Intelligence

CFO Dive

Finance chiefs should look to maintain robust, flexible portfolios as election and economic risks continue to impact volatility, Bloomberg’s Tanvir Sandhu advised.

Economics 144
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US IPO Market Picks Up Steam As Election Looms

Global Finance

Offerings are bouncing back, as the upcoming US election creates opportunities and risk. The US IPO market is seeing renewed momentum as the 2024 presidential election approaches, with investors and analysts eyeing potential opportunities ahead. Last week marked the busiest period for IPOs since February, with four out of five companies successfully pricing their offerings and raising a combined $1.1 billion.

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Trending Sources

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NYSE poised to curb serial reverse stock splits

CFO Dive

The New York Stock Exchange is proposing rule changes to protect investors from deeply distressed companies that are “inappropriate for trading.

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At The Money: Our Complicated Relationship With Cash

Barry Ritholtz

At The Money: Our Complicated Relationship With Cash with Dr. Daniel Crosby (October 16, 2024) How can we improve our relationship with money and earning, investing and spending? Full transcript below. ~~~ About this week’s guest: Dr. Daniel Crosby is the Chief Behavioral Officer at Orion Advisor Solutions, where he helps financial advisors apply behavioral science in their practice.

Finance 62
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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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M&A dealmakers seize on AI as strategic ‘cornerstone’: Dykema

CFO Dive

AI has spurred M&A volume in 2024, Dykema said, noting 55 transactions targeting AI start-ups during the first quarter compared with 38 during the final quarter of last year.

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More Trending

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Future-Ready Financial Institutions

Global Finance

A modern financial institution (FI) faces a challenging environment but a beguiling opportunity in Asia. Asia is the engine room of world economic momentum: it will account for 60% of global growth in 2024, according to the IMF, and has 60% of the world’s population. But it is also challenging to navigate. In addition to cultural and economic diversity, Asia also places great demands for leading-edge digital technology on FIs, with an increasing insistence on instant, low-friction services and r

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India to make digital connectivity affordable for emerging economies: Piyush Goyal

CFO News

India has a key role to play in making technology available in the Global South and in leading the world in fulfilling the Sustainable Development Goal (SDG) to make digital connectivity affordable across the globe, Union Commerce and Industry, Piyush Goyal, said on Tuesday.

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Value Creation through Effective Financial Projects

CFO Talks

Value Creation through Effective Financial Projects In today’s fast-paced business environment, the role of a CFO goes far beyond managing the financials. CFOs are now key players in driving value for their organisations. One of the most effective ways to create value is through well-executed financial projects. When managed effectively, these projects can streamline operations, boost profitability, and ensure long-term growth.

CFO 52
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India Inc intensifies training efforts to bridge semiconductor skills gap

CFO News

AMD, Micron India, and LAM Research are among companies seeking to close the skills gap by putting new recruits through technical bootcamps, teaming up students with employees working on next-generation technologies, setting up research labs in universities, and rolling out mentorship opportunities.

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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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Shaping ADP’s Global Strategy: Don McGuire’s Unique CFO Journey

CFO Thought Leader

This story originally appeared on Forbes.com In 2021, ADP’s HR leader reached out to Don McGuire, then the company’s globe-trotting EMEA president, to gauge his interest in stepping into the CFO role. McGuire was surprised, as it had been nearly two decades since he had shifted away from the traditional finance track. In the intervening years, he had taken on various global leadership roles that diverged from the typical CFO path.

CFO 52
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Centre announces 3 CoEs for AI in healthcare, agriculture & sustainable cities

CFO News

The Union government on Tuesday announced the establishment of three Centres of Excellence (CoE) for Artificial Intelligence (AI) in healthcare, agriculture, and sustainable cities.

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Alternative Minimum Tax (AMT) Planning After TCJA Sunset: Preparing Clients To (Re)Encounter AMT After 2025

Nerd's Eye View

Since the Tax Cuts & Jobs Act (TJCA) was passed in 2017, few households have been subject to the Alternative Minimum Tax (AMT), which TCJA restructured so that it applied mainly to a select number of upper-income households. But with the anticipated sunset of TCJA in 2026 and the reversion to the pre-2018 AMT rules, a large subset of households will find themselves owing AMT – many of whom will do so for the first time.

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Tata Trusts board meets to discuss appointment of third representative to Tata Sons; Noel Tata expected to join

CFO News

Tata Trusts own 66% of Tata Sons of which Sir Ratan Tata Trust and Sir Dorabji Tata Trust are primary Trusts. The Articles of Association allows the Tata Trusts to nominate one-third of the directors of Tata Sons.

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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

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Nippon Steel’s Global Strategy Dented By Rebuff

Global Finance

The Japanese giant is betting its growth plans on its U.S. Steel acquisition, but political opposition is derailing the effort. What happens if the deal doesn’t go through? When Nippon Steel Corp. announced its $14.9 billion agreement to purchase venerable United States Steel in December, the most eye-catching aspect of the deal was not—as it soon would be—the negative reaction from American politicians and labor activists.

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'Tough getting companies to ensure quality': Commerce Minister Piyush Goyal

CFO News

Commerce Minister Piyush Goyal urges Indian industries to focus on high-quality manufacturing to boost export competitiveness. He emphasizes self-reliance and states that quality manufacturing is essential for global market success. The government has issued more quality control orders recently, urging big players to support smaller units in this endeavor.

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Ratan Tata was one of globalization's giants

CFO News

Ratan Tata passed away on October 7. He transformed Tata Group into a global giant, overseeing acquisitions like Jaguar Land Rover and innovations like the Tata Nano. His leadership helped Tata Group grow its worth from $4 billion to $400 billion. His legacy influences India's vision of itself as a global economic player.

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Win for Musk’s Starlink as India says no to spectrum auction pitch from Ambani, Mittal

CFO News

India will allocate satellite broadband spectrum, favoring Elon Musk’s Starlink over an auction system advocated by Mukesh Ambani and Sunil Mittal. The government aims to attract foreign investment while balancing local telecom interests. Incumbent operators argue it creates an uneven playing field. Starlink awaits government approval to start operations in India.

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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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India recognised as source of cost-effective digital applications in Global South: IT Secy

CFO News

Apart from policy support and enabling requirements that big enterprises would have, there could be some ease of doing business issues for technology companies that require attention from time to time, and which are brought to MeitY's notice, he said.

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Bikaji Foods acquires 53% stake in Hazelnut Factory for Rs 131 crore; to compete in QSR space

CFO News

Bikaji Foods International has acquired a 53.02% stake in Lucknow's Hazelnut Factory for Rs 131 crore through its subsidiary. This strategic move will help Bikaji enter the Quick Service Restaurant (QSR) segment. The acquisition will be completed over the next two years, integrating Hazelnut Factory's retail stores in Lucknow, Kanpur, and Delhi.

Retail 40
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Nirmala Sitharaman on official visit to Mexico to explore trade corporation between India-Mexico

CFO News

Union Finance Minister Nirmala Sitharaman arrived in Mexico for her maiden official visit. The aim is to strengthen bilateral ties between India and Mexico, focusing on trade, investment, technology, and innovation. During the visit, she will engage with political and business leaders, chair a Tech Leaders' Roundtable, and hold a bilateral meeting with her Mexican counterpart.

Finance 40
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GST Amnesty Scheme eases litigation burden, but questions on eligibility, legal risks remain: Experts

CFO News

How will the GST Amnesty Scheme under Section 128A help businesses resolve compliance issues from the early years of GST while waiving interest and penalties? What clarifications are still needed regarding eligibility and legal risks, and how does this scheme impact non-fraudulent cases from Financial Years 2017-18 to 2019-20?

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7 Essential Criteria for Choosing the Right Payments Partner

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.

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New ITR e-filing portal 3.0 to be launched soon, intended to be more user friendly and fast; Tax dept seeks suggestions

CFO News

New e-filing ITR portal: As per an internal circular by the income tax department, a new ITR e-filing portal IEC 3.0 is going to be launched soon. "Project IEC 3.0 is envisaged to provide not only a continuation of the services rendered by Project IEC 2.0, but also to put in place a significantly improved system to ensure a secure and user-friendly environment.

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Sale proceeds available to FPIs on settlement day: Sebi

CFO News

To boost operational efficiency and respond to concerns raised by Foreign Portfolio Investors (FPIs), Sebi on Wednesday said it has introduced measures to speed up the availability of sale proceeds for such investors, bringing them on par with domestic institutional investors.

Sales 40
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Noel Tata weighs leadership options in Tata companies amid new trust role

CFO News

Noel Tata, the new chairman of Tata Trusts, is considering his continuation as chairman in other Tata group firms following the death of Ratan Tata. Holding non-executive roles at Trent, Voltas, and other companies, he faces no legal restrictions. His leadership has driven significant growth in these entities.

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India business expected to see steady growth for next 3 yrs: Ericsson’s Vicente

CFO News

India will see steady revenue growth over the next three years after a peak in 2023 from 5G roll-outs. Ericsson is optimistic about opportunities in areas like Fixed Wireless Access and enterprise. They will also focus on engaging the application developer community. Investments in mobile infrastructure are expected to continue.

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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