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 301
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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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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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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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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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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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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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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 75
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AICPA & CIMA appoints CEO

Future CFO

The Board of Directors of the Association of International Certified Professional Accountants named Mark Koziel , CPA, CGMA, as the organisation’s next chief executive officer, effective January 2025. Koziel will succeed Barry Melancon , CPA, CGMA, who will retire at the end of 2024. The appointee currently serves as president and CEO of Allinial Global , an association of independent accounting and advisory firms.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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CFO Book Picks – September 2024

CFO Thought Leader

From fiction as a mental escape to deep dives into leadership, health, and emerging technologies, CFOs featured on the CFO Thought Leader podcast in September shared a diverse range of book recommendations. Their selections offer valuable perspectives on balancing business demands with personal growth. ADP CFO Don McGuire recommends Getting Things Done by David Allen, a classic guide to productivity and stress management.

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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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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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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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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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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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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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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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'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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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Adani Energy Solutions acquires 2 SPVs from PFCCL

CFO News

​​Adani Energy Solutions Ltd (AESL) on Tuesday said it has acquired two project special purpose vehicles from PFC Consulting Ltd for cash consideration of about Rs 38 crore.

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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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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.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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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.

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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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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.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.