Fri.Sep 20, 2024

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How to Buy S/4HANA Cloud Public Edition

Navigator SAP

The idea is a simple one: an end-to-end backend software solution that is simple enough for startups and fast-growing businesses to roll out quickly and affordably but is modular and flexible enough that the software will continue supporting the business as it grows The less simple part is how to buy SAP S/4HANA Cloud Public Edition.

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Most CEOs expect full return-to-office in 3 years: KPMG

CFO Dive

There is a “widening gap” between how executives and employees think about their workplace environments that needs to be taken into account, the report warned.

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Fed up with Fed Talk? Fact-checking Central Banking Fairy Tales!

Musings on Markets

The big story on Wednesday, September 18, was that the Federal Reserve’s open market committee finally got around to “cutting rates”, and doing so by more than expected. This action, much debated and discussed during all of 2024, was greeted as "big" news, and market prognosticators argued that it was a harbinger of market moves, both in interest rates and stock prices.

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Fed rate cut unlikely to boost manufacturing until 2025, experts warn

CFO Dive

The looming presidential election is still sparking uncertainty in the industry, pushing manufacturers to spend with caution.

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

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Weekend Reading For Financial Planners (September 21–September 22)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that the North American Securities Administrators Association (NASAA) released the latest edition its annual survey outlining the state of state-registered RIAs, showing that the number of state-registered firms and their assets declined slightly in 2023 (perhaps due to many firms seeing their AUM hit the $100 million mark amidst strong market performance and organic grow

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MiB: Victor Khosla, Strategic Value Partners

Barry Ritholtz

 This week, we speak with Victor Khosla, Founder and CIO of Strategic Value Partners. Before establishing SVP in 2001, Victor served as President of Cerberus Capital. In the 1990s, he built and managed the distressed credit desk at both Citi and Merrill Lynch, establishing two of the top proprietary trading businesses. SVP has grown 5x in size over the past 10 years, now manages over $18B in AUM with 200 employees.

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PhysicsWallah closes $210 million funding round led by Hornbill Capital valuing it at $2.8 billion

CFO News

PhysicsWallah, an online coaching platform, has raised $210 million in a funding round led by Hornbill Capital and Lightspeed, valuing the company at $2.8 billion. The funds will be used to expand its offline presence and diversify into new regions. PhysicsWallah's revenue has grown significantly, with a focus on student outcomes and community building.

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Awash Bank: Spearheading Growth and Innovation Amid Disruption

Global Finance

Innovation and leadership are core to Awash Bank’s success, both in its legacy as well as its future. It is already a pioneering privately-owned bank in Ethiopia’s financial landscape. Among its 29 peers in the domestic market, Awash Bank dominates in terms of asset size, profitability, capital base, deposits, and loans and advances. The next step, for most of the rest of this decade, is a roadmap to transform the bank to reach greater heights.

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Kriti Nutrients CFO resigns

CFO News

The company has appointed Mohan Gehlot as the new Chief Financial Officer and Key Managerial Personnel.

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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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Harris, Trump contest raises the stakes on six salient policy points: EY

CFO Dive

“There are more similarities than many people realize between Harris and Trump on some key issues,” according to an EY political analyst.

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ICAI urges for pause on SA 600 revision, calls NFRA's draft release unfortunate

CFO News

ICAI is advocating for a pause in the revision process to allow for a thorough review and discussion with all stakeholders involved. “We believe this pause will help ensure that any changes made to SA 600 are in the best interest of the profession and the public,” the ICAI said.

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Sebi allows mutual funds to buy, sell credit default swaps

CFO News

Markets regulator Sebi on Friday allowed mutual funds to both buy and sell Credit Default Swaps (CDS), a move aimed at increasing liquidity in the corporate bond market. This flexibility to participate in CDS would serve as an additional investment product for mutual funds, Sebi said in a circular.

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Enough S&T rhetoric, India inc, get R&Dy

CFO News

Nirmala Sitharaman announced GST exemption for research funding in higher educational institutions and research centres with I-T exemptions. India's R&D spend is only 0.65% of GDP, with the government contributing over 60%. Private sector investment in R&D remains low, despite the need for long-term commitment to innovation.

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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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There's a trap on India's road to high-income economy status

CFO News

The Modi govt aims to make India a developed country by 2047, addressing the middle-income trap as a key challenge. Niti Aayog emphasizes the need for a cohesive strategy involving investment, technology adoption, and innovation. Policymakers focus on free trade, global value chains, and infrastructure to boost economic growth.

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India’s forex reserves hit a fresh high of $689.46 billion

CFO News

India's forex reserves reached a new all-time high of $689.46 billion for the week ending September 13, as reported by the Reserve Bank of India. Foreign currency assets dipped to $603.63 billion, while gold reserves surged by $899 million to $62.8 billion. SDRs and the reserve position in the IMF saw slight declines.

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Adani Total Gas secures USD 375 million financing from global lenders

CFO News

The maiden financing of USD 375 million executed with international lenders includes an initial commitment of USD 315 million with an accordion feature to enhance the commitments.

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Centre, states to compile employment data for targeted policy intervention

CFO News

The central and state governments are set to collaborate on compiling employment data for a centralized dashboard aimed at targeted policy intervention. A meeting in Bhubaneswar discussed the need for accurate data and joint mechanisms. This initiative aligns with the Prime Minister's vision of Viksit Bharat@2047, focusing on employment generation and skilling.

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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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No observations by US FDA during plant inspection: DRL

CFO News

Dr. Reddy's Laboratories announced that the U.S. Food & Drug Administration (FDA) completed a routine Good Manufacturing Practice (GMP) inspection of its integrated product development organization in Bachupally, Hyderabad, with zero observations. The company shared this update in a stock exchange filing on Friday, highlighting compliance with regulatory standards.

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Air India hired 9,000 employees in two years: Campbell Wilson

CFO News

Air India has hired 9,000 employees over the past two years to support its expanding fleet and network. The airline's domestic market share increased from 24% to 27%, and international market share rose from 21% to 24%. Air India also reported a 25% rise in operating revenues and a significant reduction in losses.

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Rare balancing act: How RBI chief Shaktikanta Das tamed volatile rupee with $689 billion in reserves

CFO News

RBI Governor Shaktikanta Das has achieved a balance between stabilising the rupee and letting it weaken to support India's export goals. The RBI's foreign-exchange reserves have increased significantly, drawing in foreign investment and reducing the current account deficit. This strategy has made the rupee one of Asia's least volatile currencies, preparing India for external economic shocks.

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HDFC Bank approves IPO of HDB Financial Services with fresh equity sale of Rs 2,500 crore

CFO News

The IPO comprises a fresh equity sale of Rs 2,500 crore and an offer-for-sale component, allowing existing shareholders to divest their holdings. HDB Financial Services, a major NBFC, focuses on retail and commercial customers with a diversified portfolio of financial products and services.

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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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Experts call for clear regulation and tools to curb online gaming tax evasion

CFO News

​Recently, The DGGI has detected tax frauds to the tune of more than Rs. 2 Lakh Crore during the Financial Year 2023-24 and recovered more than Rs. 26.5 Thousand Crore of such evaded tax.

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FM Sitharaman reviews capex plan of Housing and Urban Affairs ministry

CFO News

Finance Minister Nirmala Sitharaman reviewed the Ministry of Housing and Urban Affairs' capex plan, stressing timely fund utilisation. Key discussions included the Pradhan Mantri Awas Yojana (Urban) scheme for affordable housing. She urged officials to meet capex targets for urban transport projects like Metro Rail and RRTS within the stipulated time frame.

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Govt notifies Oct 1 as start date for Vivad Se Vishwas 2.0

CFO News

Around 2.7 crore direct tax demands totalling about Rs 35 lakh crore are being disputed at various legal foras.

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Loss-making MNCs liable to pay tax on India setup

CFO News

Multinational companies operating in India through various setups will have to pay taxes on earnings generated in India, even if they report global losses. The Delhi High Court ruled that these setups are considered permanent establishments and must be taxed independently of the parent company's overall financial status.

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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.