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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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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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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If It Ain't 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

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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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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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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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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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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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Business Travel Expense Strategies for Everybody

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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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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Avalon Technologies CFO RM Subramaniam resigns

CFO News

Avalon Teechnologies: Subramaniam stepped down to pursue opportunities outside the company, as noted in his resignation letter to the stock exchange.

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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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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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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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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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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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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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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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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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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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PM E-Drive scheme to have phased manufacturing plan to push EV parts production

CFO News

The Prime Minister's E-DRIVE scheme will support local manufacturing of electric vehicle components through a phased manufacturing programme. Companies sourcing components locally will receive financial support without a domestic value addition mandate. The scheme replaces the FAME initiative and includes biannual inspections to prevent subsidy misuse.

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How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

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

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for