Fri.Nov 17, 2023

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Politics and Your Portfolio

Barry Ritholtz

I had fun chatting with David L. Bahnsen of The Bahnsen Group. David hosts a podcast on National Review with the delightfully punny title, Capital Record. David is a card-carrying conservative; we are on the opposite sides of many issues, but we always manage to enjoy a respectful debate about broad issues and theory. I think you will enjoy our conversation… Source : Episode 145: Politics and Your Portfolio DAVID L.

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Star Tribune taps Target exec for CFO

CFO Dive

Stephanie Ness is joining the Star Tribune Media Company as it battles declining print revenue and slowing digital subscription growth.

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ERP Software for the Manufacturing Industry

Navigator SAP

Manufacturers face the pressure of improving operational efficiency, reducing operation and maintenance costs, and increasing business profitability, as with all businesses. But technological shifts and increasingly complex supply chain considerations put further pressure on manufacturing companies.

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FASB appointment extends women’s historic majority

CFO Dive

The latest appointment follows Joyce Joseph joining the FASB in July, which marked the first time women have outnumbered men on the standards setter’s board.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Qatar slaps Rs 239 crore tax penalty on L&T

CFO News

Larsen & Toubro (L&T), India's renowned construction and engineering giant, has encountered a financial setback as Qatar's income tax authorities imposed penalties amounting to Rs 238.95 crore. The penalties consist of Rs 111.31 crore and Rs 127.64 crore, respectively, and are attributed to alleged discrepancies in the income declared by L&T in comparison to the assessment conducted by the Qatari tax authorities.

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Independent directors' pay more than doubles in 5 years

CFO News

The median compensation for independent directors at at India's top blue-chip companies has more than doubled to ₹72 lakh in FY23, from ₹35.5 lakh five years ago, an analysis of Nifty 50 companies by specialised executive compensation advisory firm, Exec-Rem Advisors shared with ET has revealed.

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Checkers and Rally’s names CFO, CMO

CFO Dive

Michael Blair, previously at Miller’s Ale House, joins the chain as CFO, while Scott Johnson, previously at Jollibee, takes the CMO role.

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The Fed’s Gonna Cut

The Reformed Broker

On episode 118 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Kevin Simpson to discuss: covered call strategies, the Fed, Warren Buffett’s latest moves, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!

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The Pros and Cons of AI Bookkeeping

CFO Share

In the quest for efficiency and accuracy in finance, AI bookkeeping emerges as a promising solution. But does it truly live up to its promise? Can AI bookkeeping software save you time and money, or is a shiny object distracting you from business fundamentals? Let’s explore the advantages and challenges of integrating AI into bookkeeping and how expert oversight is the key to harnessing its full potential.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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World Bank chief Ajay Banga on climate, inequality and India's underemployment problem

CFO News

On India's underemployment problem, Banga said, "India needs to really think about not just manufacturing, but also services. Look at India's potential in tourism. New York City gets 60 million tourists a year. India has history, culture, food, shopping, vibrancy, beaches, mountains. It's one example, but I don't think it gets the focus that it'll need.

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Mastering Agency Finances: Why Glancing at Your Bank Statement Is NOT Good Enough

Adam Kae

In the fast-paced world of running a multi-million dollar agency, making crucial decisions is a part of your daily routine. You steer your clients towards financial success, navigating the complexities of the business landscape. However, there's one area where a surprisingly large number of agency owners fall short - managing their own finances. Here at Adam Kae & Associates we aim to shed light on the common practice of solely relying on the bank balance and emphasizes the importance of a m

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P&G India nears $2 billion in sales after three decades

CFO News

The company's biggest arm, P&G Home Products, an unlisted entity that makes Tide detergent, Pantene shampoo and Pampers diapers, saw the biggest surge, with profit up 51% at ₹419 crore on net sales of ₹8,464 crore, a 27% increase during FY23, according to latest regulatory filings.

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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • RIP Goldman Sachs : When I started out at Goldman, it was the most feared firm on Wall Street. Those days are gone for good. ( Business Insider ) • Inflation is the Lesser of Two Evils : But that’s not how this works. That’s not how any of this works. You don’t get to keep your higher wages while prices revert back to 2019 levels.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Reliance Jio plans 'cloud' laptop in bid to reduce ownership costs

CFO News

This is the second time that Jio is coming out with a laptop. In July this year, the company had launched 4G-powered JioBook for Rs 16,499. The laptop was based on the JioOS operating system, but the new cloud PC is expected to run on other operating systems including windows.

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Piyush Goyal stresses on need to ensure open supply chains

CFO News

"With respect to the Global South, the first need is to identify global value chains, where each of the countries could focus on not only increasing their participation but also improving the quality of their participation by moving up the value chain," Goyal said at the second Voice of Global South Summit. He said this will help them to partake in the largest share of high value-added parts of the GVCs.

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Welspun plans to make a comeback in renewables sector

CFO News

In 2016, Welspun Group's energy arm, Welspun Energy, had sold its 1.1 GW renewable assets to Tata Power for INR 10,000 crore. Welspun has interests in textiles, line pipes, flooring solutions, warehousing, roads, and oil and gas, and is also expanding in these segments. "We are still drawing up plans for a play in the sector. Technology is changing very fast but we are committed," said Goenka.

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Jindal's Rs 301 crore Future bid shocks lenders

CFO News

In a financial maneuver that has raised eyebrows, Jindal (India) has submitted a bid of ₹301 crore for the debt-laden Future Enterprises (FEL), a sum that amounts to less than 3% of the staggering ₹12,265-crore loan exposure, rendering it almost inconsequential to the lenders, according to individuals familiar with the bidding process.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Sellers seek FDI in inventory-based model of e-commerce for exports

CFO News

The extant policy does not allow FDI foreign direct investment in the inventory-based model of e-commerce. It is allowed in firms operating through a marketplace model only. Director General of Foreign Trade Sarangi said that the e-commerce stakeholders have asked the department for the promotion of industry and internal trade (DPIIT) to relook the FDI policy on this issue.

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India’s GDP to grow by 6.5% despite global slowdown: RBI

CFO News

The economies worldwide are facing a decline in growth due to the global economic slowdown but various agencies have stated that India will be the growth driver for 2023 and 2024 even if other nations witness a shrinking economy. The domestic demand becomes the main reason for the rising economic condition.

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RBI’s move will not impact bank’s ability to grow: SBI Chairman

CFO News

The State Bank of India's (SBI) Chairman, Dinesh Kumar Khara, expressed that the Reserve Bank of India's (RBI) recent move on consumer loans will not impact SBI's ability to grow, considering it a step in the right direction. The RBI increased risk weights on consumer loans, including credit cards, to prevent risk escalation in the financial system.

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SC's IBC ruling to boost recoveries

CFO News

"The recent ruling has potential to improve the recovery in existing written-off accounts, many of which are through the bankruptcy code, and result in 5 percentage point incremental recovery from personal guarantees," said Hari Hara Mishra, CEO, ARC Association.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Weddings blitz opens up a $51 billion opportunity for India

CFO News

As India's wedding season approaches, millions of ceremonies are expected, offering a $51 billion boost to businesses. Despite economic challenges, increased spending on gold, clothing, and services is anticipated, with a projected 8%-11% growth in associated industries. Despite potential impacts from external factors like the Israel-Hamas war, the festive season is anticipated to contribute significantly to the economy.