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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Insiders

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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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From Curiosity to Competitive Edge: How Mid-Market CEOs Are Using AI to Scale Smarter

Speaker: Lee Andrews, Founder at LJA New Media & Tony Karrer, Founder and CTO at Aggregage

This session will walk you through how one CEO used generative AI, workflow automation, and sales personalization to transform an entire security company—then built the Zero to Strategy framework that other mid-market leaders are now using to unlock 3.5x ROI. As a business executive, you’ll learn how to assess AI opportunities in your business, drive adoption across teams, and overcome internal resource constraints—without hiring a single data scientist.

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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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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.

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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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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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The 2025 State of Financial Automation

Financial automation isn’t the future—it’s the now. BILL partnered with SMB Group to survey 750 US financial decision-makers and reveal how small and midsize businesses (SMBs) are using trends and insights to tackle challenges and drive growth. The responses are eye-opening! Download our 2025 State of Financial Automation report to uncover: Key automation trends for 2025 and beyond Top concerns and attitudes about automation How AI is driving smarter, faster decisions The challenges of the finan

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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.

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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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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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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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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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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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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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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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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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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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Mahindra, Kia, Toyota Kirloskar Motor steer clear of slow lane

CFO News

In the first half of this fiscal year, only Mahindra & Mahindra, Toyota Kirloskar Motor, and Kia India saw sales growth among India's passenger vehicle makers. Utility vehicles continued to drive demand, while sales of small cars, particularly from Maruti Suzuki, Hyundai, and Tata Motors, experienced declines.

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New form to reduce TDS from salary: CBDT issues Form 12BAA to tell employer about other taxes paid by you

CFO News

Form 12BAA to lower TDS from salary: The Central Board of Direct Taxes (CBDT) has notified a new form called Form 12BAA. The new form will help an employee to inform the employer about other taxes paid by you via TDS and TCS and consequently lower tax deducted from salary.

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