#International Business Valuation
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International Business Valuation | Wtpadvisors.com
With Wtpadvisors.com, you can unlock the genuine value of your international business. Our team of professionals offers a comprehensive range of business valuation services. Unlock your potential today.
International Business Valuation
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Bridging the Gap: How Global Valuation Summit 2023 Connects Valuers and Financial Institutions
The valuation field has often functioned in a silo, separate from the larger financial ecosystem. The Global Valuation Summit 2023 aims to bridge this gap, connecting registered valuers with financial institutions. Here’s what you can look forward to.
Collaboration: The Need of the Hour
In today’s fast-paced financial world, isolated operations no longer make the cut. Valuers need to work in tandem with financial institutions to bring about more accurate, actionable market valuation figures.
The Forum for Dialogue
This global summit provides a unique platform for valuers and financial institutions to meet, network, and discuss collaboration. The focus will be on how valuers can contribute valuable data and insights to the financial sector.
The Role of International Standards
International valuation standards are an essential topic at the summit, especially considering the need for a common language between valuers and financial institutions. Ensuring alignment with these standards will enhance the credibility of a registered valuer organisation.
Why You Should Register Now
Given the summit’s focus on collaborative opportunities, registering early will help you prepare adequately. Register now for the Global Valuation Summit, and ensure you don’t miss this unprecedented opportunity for growth and networking.
Final Take
Whether you’re looking to understand the integration of ESG into valuation or searching for collaborative opportunities with financial institutions, the Global Valuation Summit 2023 is the event to attend. How to register for the Global Valuation Summit is well-documented and easy to follow, so don’t miss out on this opportunity to grow and network with like-minded professionals in the industry.
Mark your calendars for this monumental world summit 2023 and global summit 2023 event, as it promises to bring unprecedented value (literally and metaphorically) to registered valuers across the globe. Register here: https://www.globalvaluationsummit.com/register
#global business summit#Gvs#registered valuers#international valuation standards#market valuation#Register now For the Global valuation summit
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@oakfern replied to your post “it's going to be fun to watch the realization...”:
i feel like this is going to play out very similarly to voice assistants. there was a huge boom in ASR research, the products got a lot of hype, and they actually sold decently (at least alexa did). but 10 years on, they've been a massive failure, costing way more than they ever made back. even if ppl do think chatbot search engines are exciting and cool, it's not going to bring in more users or sell more products, and in the end it will just be a financial loss
(Responding to this a week late)
I don't know much about the history of voice assistants. Are there any articles you recommend on the topic? Sounds interesting.
ETA: Iater, I found and read this article from Nov 2022, which reports that Alexa and co. still can't turn a profit after many years of trying.
But anyway, yeah... this is why I don't have a strong sense of how widespread/popular these "generative AI" products will be a year or two from now. Or even five years from now.
(Ten years from now? Maybe we can trust the verdict will be in at that point... but the tech landscape of 2033 is going to be so different from ours that the question "did 'generative AI' take off or not?" will no doubt sound quaint and irrelevant.)
Remember when self-driving cars were supposed to be right around the corner? Lots of people took this imminent self-driving future seriously.
And I looked at it, and thought "I don't get it, this problem seems way harder than people are giving it credit for. And these companies show no signs of having discovered some clever proprietary way forward." If people asked me about it, that's what I would say.
But even if I was sure that self-driving cars wouldn't arrive on schedule, that didn't give me much insight into the fate of "self-driving cars," the tech sector meme. It wasn't like there was some specific deadline, and when we crossed it everyone was going to look up and say "oh, I guess that didn't work, time to stop investing."
The influx of capital -- and everything downstream from it, the trusting news stories, the prominence of the "self-driving car future" in the public mind, the seriousness which it was talked about -- these things went on, heedless of anything except their own mysterious internal logic.
They went on until . . . what? The pandemic, probably? I actually still don't know.
Something definitely happened:
In 2018 analysts put the market value of Waymo LLC, then a subsidiary of Alphabet Inc., at $175 billion. Its most recent funding round gave the company an estimated valuation of $30 billion, roughly the same as Cruise. Aurora Innovation Inc., a startup co-founded by Chris Urmson, Google’s former autonomous-vehicle chief, has lost more than 85% since last year [i.e. 2021] and is now worth less than $3 billion. This September a leaked memo from Urmson summed up Aurora’s cash-flow struggles and suggested it might have to sell out to a larger company. Many of the industry’s most promising efforts have met the same fate in recent years, including Drive.ai, Voyage, Zoox, and Uber’s self-driving division. “Long term, I think we will have autonomous vehicles that you and I can buy,” says Mike Ramsey, an analyst at market researcher Gartner Inc. “But we’re going to be old.”
Whatever killed the "self-driving car" meme, though, it wasn't some newly definitive article of proof that the underlying ideas were flawed. The ideas never made sense in the first place. The phenomenon was not really about the ideas making sense.
Some investors -- with enough capital, between them, to exert noticable distortionary effects on entire business sectors -- decided that "self-driving cars" were, like, A Thing now. And so they were, for a number of years. Huge numbers of people worked very hard trying to make "self-driving cars" into a viable product. They were paid very well to do. Talent was diverted away from other projects, en masse, into this effort. This went on as long as the investors felt like sustaining it, and they were in no danger of running out of money.
Often the "tech sector" feels less like a product of free-market incentives than it does like a massive, weird, and opaque public works product, orchestrated by eccentrics like Masayoshi Son, and ultimately organized according to the aesthetic proclivities and changing moods of its architects, not for the purpose of "doing business" in the conventional sense.
Gig economy delivery apps (Uber Eats, Doordash, etc.) have been ubiquitous for years, and have reported huge losses in every one of those years.
This entertaining post from 2020 about "pizza arbitrage" asks:
Which brings us to the question - what is the point of all this? These platforms are all losing money. Just think of all the meetings and lines of code and phone calls to make all of these nefarious things happen which just continue to bleed money. Why go through all this trouble?
Grubhub just lost $33 million on $360 million of revenue in Q1.
Doordash reportedly lost an insane $450 million off $900 million in revenue in 2019 (which does make me wonder if my dream of a decentralized network of pizza arbitrageurs does exist).
Uber Eats is Uber's "most profitable division” 😂😂. Uber Eats lost $461 million in Q4 2019 off of revenue of $734 million. Sometimes I need to write this out to remind myself. Uber Eats spent $1.2 billion to make $734 million. In one quarter.
And now, in February 2023?
DoorDash's total orders grew 27% to 467 million in the fourth quarter. That beat Wall Street’s forecast of 459 million, according to analysts polled by FactSet. Fourth quarter revenue jumped 40% to $1.82 billion, also ahead of analysts’ forecast of $1.77 billion.
But profits remain elusive for the 10-year-old company. DoorDash said its net loss widened to $640 million, or $1.65 per share, in the fourth quarter as it expanded into new categories and integrated Wolt into its operations.
Do their investors really believe these companies are going somewhere, and just taking their time to get there? Or is this more like a subsidy? The lost money (a predictable loss in the long term) merely the price paid for a desired good -- for an intoxicating exercise of godlike power, for the chance to reshape reality to one's whims on a large scale -- collapsing the usual boundary between self and outside, dream and reality? "The gig economy is A Thing, now," you say, and wave your hand -- and so it is.
Some people would pay a lot of money to be a god, I would think.
Anyway, "generative AI" is A Thing now. It wasn't A Thing a year ago, but now it is. How long will it remain one? The best I can say is: as long as the gods are feeling it.
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this is something to think about
now i did get this from grok i would like to point out that he is a "special government employee" whatever the hell that means. he does still have to abide the conflict of interest laws that say he cant be involved in government activities that can result in direct financial benefit. this proves that he is currently breaking this. because he has not stepped aside nor reassigned rights while he works for the government. i would also like to point out the crazy irony that his company receives incentives and help for lack of a better word from two states his friend has major beef with lol sorry.
Elon Musk's companies, particularly Tesla and SpaceX, have indeed received what can be described as government "welfare" or support in various forms:
Tesla:
EV Tax Credits: Tesla vehicles qualified for federal tax credits designed to incentivize electric vehicle purchases. This was not a direct payment to Tesla but reduced the cost for consumers, indirectly benefiting Tesla's sales.
State and Local Incentives: Tesla has received numerous incentives from states like Nevada, New York, and California for factory construction and operations, including tax abatements and grants.
Loans: Tesla benefited from a DOE loan in its early days to help build its first manufacturing facility, which was paid back with interest ahead of schedule.
SpaceX:
NASA Contracts: SpaceX has secured billions in contracts from NASA, primarily for cargo and crew transport services to the International Space Station. These contracts have been crucial to SpaceX's growth.
Military and Other Government Contracts: SpaceX has also received contracts from the U.S. Department of Defense and other agencies for satellite launches and other space services.
Direct Benefits to Musk: While these subsidies and contracts go directly to his companies, they:
Boost company profitability and valuation, thereby increasing Musk's wealth through his ownership stakes.
Provide a form of indirect benefit to Musk by supporting the companies he leads, which in turn can affect his personal income through stock options, bonuses, or salary adjustments based on company performance.
Musk's Public Stance: Musk has publicly stated that his companies earn government contracts because they offer competitive products at lower costs, positioning this as a merit-based system rather than welfare. However, the reality is that government support through contracts, grants, and tax incentives has played a significant role in the growth of his companies.
Criticism: Critics argue that these benefits constitute corporate welfare, especially given Musk's wealth and the narrative of being a self-made entrepreneur. There's a debate over whether such support skews market dynamics in favor of already large companies.
In Summary: Elon Musk's companies have received substantial government support, which in turn supports his personal financial success. This support includes tax credits, direct contracts, and various forms of incentives that, while not personal welfare to Musk, significantly aid his businesses. This is a nuanced situation where government involvement is seen both as necessary support for innovation and as corporate welfare by different viewpoints.
#donald trump#president trump#trump#trump 2024#trump vance 2024#trump vs harris#2024 presidential election#presidential debate#civil rights#human rights#elon musk#trump tariffs#us tariffs#doge#musk#us congress#usaid#coup
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🌍 🏦💵 🚨
FIVE RICHEST BILLIONAIRES DOUBLE THEIR WEALTH SINCE 2020 WHILE 5 BILLION ARE MADE POORER
Oxfam International, a British-founded International Charitable organization based in Nairobi, Kenya, says the world's richest people have managed to double their wealth since 2020, as 5 billion people are made poorer as a result of a "decade of division."
Oxfam made the claims in a press release on its recently published report released Monday, January 15th on inequality and global corporate power called "Inequality Inc."
According to Oxfam, the world's richest people have more than doubled their wealth from $405 billion to $869 billion since 2020, a rate equivelent to $14 million per hour, while approximately 5 billion people have been made poorer in the same time period.
"If current trends continue," the statement says, "the world will have its first trillionaire within a decade but poverty won't be eradicated for another 229 years."
Oxfam looks to the Davos gathering of the world's largest corporations, pointing to the valuations of the top ten largest companies, together worth more than $10.2 trillion.
“We’re witnessing the beginnings of a decade of division, with billions of people shouldering the economic shockwaves of pandemic, inflation and war, while billionaires’ fortunes boom. This inequality is no accident; the billionaire class is ensuring corporations deliver more wealth to them at the expense of everyone else,” Oxfam's International interim Executive Director Amitabh Behar is quoted as saying.
“Runaway corporate and monopoly power is an inequality-generating machine: through squeezing workers, dodging tax, privatizing the state, and spurring climate breakdown, corporations are funneling endless wealth to their ultra-rich owners. But they’re also funneling power, undermining our democracies and our rights. No corporation or individual should have this much power over our economies and our lives —to be clear, nobody should have a billion dollars”.
According to Oxfam, Billionaires increased their wealth by $3.3 trillion since 2020, a growth rate three times faster than inflation.
Oxfam adds that, despite representing just 21% of the global population, the countries of the Global North own 69% of global wealth, with Global North countries home to 74% of global billionaire wealth.
Further, the top 1% own 43% of all global financial assets, with billionaires owning 48% of wealth in the Middle East, 50% in Asia, and 47% in Europe.
In addition to overall wealth, 148 of the world's largest corporations raked in $1.8 trillion in total net profits, a 52% increase over the period from 2018-2021.
Corporate windfalls increased to nearly $700 billion, with the report finding that for every $100 in profits made by the top 96 major corporations between July 2022 and June 2023, $82 was paid out to wealthy shareholders.
Oxfam International interim Executive Director Amitabh Behar says that “Monopolies harm innovation and crush workers and smaller businesses. The world hasn’t forgotten how pharma monopolies deprived millions of people of COVID-19 vaccines, creating a racist vaccine apartheid, while minting a new club of billionaires."
The Oxfam press release goes on to point our that people are working harder and for longer, often for poverty wages in unsafe jobs, adding that the wages of nearly 800 million people have not kept up with inflation, losing $1.5 trillion in value over the last two years, the equivalent of nearly a month's lost wages for each individual worker.
Oxfam also found that, of the 1'600 largest companies, less than 0.4% of them are publicly committed to paying employees a living wage.
Oxfam shows how a "war on taxation" by large corporations has pushed the effective tax rates on corporations to fall by a third in recent decades, while relentless privitization of public services like education and water services have expanded massively.
“We have the evidence. We know the history. Public power can rein in runaway corporate power and inequality —shaping the market to be fairer and free from billionaire control. Governments must intervene to break up monopolies, empower workers, tax these massive corporate profits and, crucially, invest in a new era of public goods and services,” said Behar.
“Every corporation has a responsibility to act but very few are. Governments must step up. There is action that lawmakers can learn from, from US anti-monopoly government enforcers suing Amazon in a landmark case, to the European Commission wanting Google to break up its online advertising business, and Africa’s historic fight to reshape international tax rules.”
Oxfam offers three notes on how governments can rectify the situation, including the following:
🔹 Revitalizing the state. A dynamic and effective state is the best bulwark against extreme corporate power. Governments should ensure universal provision of healthcare and education, and explore publicly-delivered goods and public options in sectors from energy to transportation.
🔹 Reining in corporate power, including by breaking up monopolies and democratizing patent rules. This also means legislating for living wages, capping CEO pay, and new taxes on the super-rich and corporations, including permanent wealth and excess profit taxes. Oxfam estimates that a wealth tax on the world’s millionaires and billionaires could generate $1.8 trillion a year.
🔹 Reinventing business. Competitive and profitable businesses don’t have to be shackled by shareholder greed. Democratically-owned businesses better equalize the proceeds of business. If just 10 percent of US businesses were employee-owned, this could double the wealth share of the poorest half of the US population, including doubling the average wealth of Black households.
#source
@WorkerSolidarityNews
#inequality#wealth inequality#us news#us wealth#global inequality#wealth#capitalism#billionaires#richest people#politics#news#geopolitics#world news#global news#international news#global politics#world politics#international politics#international#international affairs#united states#davos#wef#world economic forum#billionaire#wealth accumulation#imperialism#us imperialism#western imperialism#socialism
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While the finer points of running a social media business can be debated, one basic truth is that they all run on attention. Tech leaders are incentivized to grow their user bases so there are more people looking at more ads for more time. It’s just good business.
As the owner of Twitter, Elon Musk presumably shared that goal. But he claimed he hadn’t bought Twitter to make money. This freed him up to focus on other passions: stopping rival tech companies from scraping Twitter’s data without permission—even if it meant losing eyeballs on ads.
Data-scraping was a known problem at Twitter. “Scraping was the open secret of Twitter data access. We knew about it. It was fine,” Yoel Roth wrote on the Twitter alternative Bluesky. AI firms in particular were notorious for gobbling up huge swaths of text to train large language models. Now that those firms were worth a lot of money, the situation was far from fine, in Musk’s opinion.
In November 2022, OpenAI debuted ChatGPT, a chatbot that could generate convincingly human text. By January 2023, the app had over 100 million users, making it the fastest growing consumer app of all time. Three months later, OpenAI secured another round of funding that closed at an astounding valuation of $29 billion, more than Twitter was worth, by Musk’s estimation.
OpenAI was a sore subject for Musk, who’d been one of the original founders and a major donor before stepping down in 2018 over disagreements with the other founders. After ChatGPT launched, Musk made no secret of the fact that he disagreed with the guardrails that OpenAI put on the chatbot to stop it from relaying dangerous or insensitive information. “The danger of training AI to be woke—in other words, lie—is deadly,” Musk said on December 16, 2022. He was toying with starting a competitor.
Near the end of June 2023, Musk launched a two-part offensive to stop data scrapers, first directing Twitter employees to temporarily block “logged out view.” The change would mean that only people with Twitter accounts could view tweets.
“Logged out view” had a complicated history at Twitter. It was rumored to have played a part in the Arab Spring, allowing dissidents to view tweets without having to create a Twitter account and risk compromising their anonymity. But it was also an easy access point for people who wanted to scrape Twitter data.
Once Twitter made the change, Google was temporarily blocked from crawling Twitter and serving up relevant tweets in search results—a move that could negatively impact Twitter’s traffic. “We’re aware that our ability to crawl Twitter.com has been limited, affecting our ability to display tweets and pages from the site in search results,” Google spokesperson Lara Levin told The Verge. “Websites have control over whether crawlers can access their content.” As engineers discussed possible workarounds on Slack, one wrote: “Surely this was expected when that decision was made?”
Then engineers detected an “explosion of logged in requests,” according to internal Slack messages, indicating that data scrapers had simply logged in to Twitter to continue scraping. Musk ordered the change to be reversed.
On July 1, 2023, Musk launched part two of the offensive. Suddenly, if a user scrolled for just a few minutes, an error message popped up. “Sorry, you are rate limited,” the message read. “Please wait a few moments then try again.”
Rate limiting is a strategy that tech companies use to constrain network traffic by putting a cap on the number of times a user can perform a specific action within a given time frame (a mouthful, I know). It’s often used to stop bad actors from trying to hack into people’s accounts. If a user tries an incorrect password too many times, they see an error message and are told to come back later. The cost of doing this to someone who has forgotten their password is low (most people stay logged in), while the benefit to users is very high (it prevents many people’s accounts from getting compromised).
Except, that wasn’t what Musk had done. The rate limit that he ordered Twitter to roll out on July 1 was an API limit, meaning Twitter had capped the number of times users could refresh Twitter to look for new tweets and see ads. Rather than constrain users from performing a specific action, Twitter had limited all user actions. “I realize these are draconian rules,” a Twitter engineer wrote on Slack. “They are temporary. We will reevaluate the situation tomorrow.”
At first, Blue subscribers could see 6,000 posts a day, while nonsubscribers could see 600 (enough for just a few minutes of scrolling), and new nonsubscriber accounts could see just 300. As people started hitting the limits, #TwitterDown started trending on, well, Twitter. “This sucks dude you gotta 10X each of these numbers,” wrote user @tszzl.
The impact quickly became obvious. Companies that used Twitter direct messages as a customer service tool were unable to communicate with clients. Major creators were blocked from promoting tweets, putting Musk’s wish to stop data scrapers at odds with his initiative to make Twitter more creator friendly. And Twitter’s own trust and safety team was suddenly stopped from seeing violative tweets.
Engineers posted frantic updates in Slack. “FYI some large creators complaining because rate limit affecting paid subscription posts,” one said.
Christopher Stanley, the head of information security, wrote with dismay that rate limits could apply to people refreshing the app to get news about a mass shooting or a major weather event. “The idea here is to stop scrapers, not prevent people from obtaining safety information,” he wrote. Twitter soon raised the limits to 10,000 (for Blue subscribers), 1,000 (for nonsubscribers), and 500 (for new nonsubscribers). Now, 13 percent of all unverified users were hitting the rate limit.
Users were outraged. If Musk wanted to stop scrapers, surely there were better ways than just cutting off access to the service for everyone on Twitter.
“Musk has destroyed Twitter’s value & worth,” wrote attorney Mark S. Zaid. “Hubris + no pushback—customer empathy—data = a great way to light billions on fire,” wrote former Twitter product manager Esther Crawford, her loyalties finally reversed.
Musk retweeted a joke from a parody account: “The reason I set a ‘View Limit’ is because we are all Twitter addicts and need to go outside.”
Aside from Musk, the one person who seemed genuinely excited about the changes was Evan Jones, a product manager on Twitter Blue. For months, he’d been sending executives updates regarding the anemic signup rates. Now, Blue subscriptions were skyrocketing. In May, Twitter had 535,000 Blue subscribers. At $8 per month, this was about $4.2 million a month in subscription revenue. By early July, there were 829,391 subscribers—a jump of about $2.4 million in revenue, not accounting for App Store fees.
“Blue signups still cookin,” he wrote on Slack above a screenshot of the signup dashboard.
Jones’s team capitalized on the moment, rolling out a prompt to upsell users who’d hit the rate limit and encouraging them to subscribe to Twitter Blue. In July, this prompt drove 1.7 percent of the Blue subscriptions from accounts that were more than 30 days old and 17 percent of the Blue subscriptions from accounts that were less than 30 days old.
Twitter CEO Linda Yaccarino was notably absent from the conversation until July 4, when she shared a Twitter blog post addressing the rate limiting fiasco, perhaps deliberately burying the news on a national holiday.
“To ensure the authenticity of our user base we must take extreme measures to remove spam and bots from our platform,” it read. “That’s why we temporarily limited usage so we could detect and eliminate bots and other bad actors that are harming the platform. Any advance notice on these actions would have allowed bad actors to alter their behavior to evade detection.” The company also claimed the “effects on advertising have been minimal.”
If Yaccarino’s role was to cover for Musk’s antics, she was doing an excellent job. Twitter rolled back the limits shortly after her announcement. On July 12, Musk debuted a generative AI company called xAI, which he promised would develop a language model that wouldn’t be politically correct. “I think our AI can give answers that people may find controversial even though they are actually true,” he said on Twitter Spaces.
Unlike the rival AI firms he was trying to block, Musk said xAI would likely train on Twitter’s data.
“The goal of xAI is to understand the true nature of the universe,” the company said grandly in its mission statement, echoing Musk’s first, disastrous town hall at Twitter. “We will share more information over the next couple of weeks and months.”
In November 2023, xAI launched a chatbot called Grok that lacked the guardrails of tools like ChatGPT. Musk hyped the release by posting a screenshot of the chatbot giving him a recipe for cocaine. The company didn’t appear close to understanding the nature of the universe, but per haps that’s coming.
Excerpt adapted from Extremely Hardcore: Inside Elon Musk’s Twitter by Zoë Schiffer. Published by arrangement with Portfolio Books, a division of Penguin Random House LLC. Copyright © 2024 by Zoë Schiffer.
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Mergers & Acquisitions in Thailand
Thailand has witnessed a surge in mergers and acquisitions (M&As) activity in recent years, driven by various economic factors and strategic considerations. This trend has been fueled by both domestic and international companies seeking to expand their operations, gain market share, and capitalize on the country's economic growth.
Key Drivers of M&A Activity in Thailand
Economic Growth: Thailand's robust economic growth, coupled with its strategic location in Southeast Asia, has made it an attractive destination for foreign investors.
Favorable Government Policies: The Thai government has implemented supportive policies to encourage foreign investment, including tax incentives and streamlined regulatory processes.
Rising Consumer Spending: The growing middle class in Thailand has led to increased consumer spending, creating opportunities for businesses in various sectors.
Strategic Acquisitions: Companies are seeking to acquire businesses with complementary products, services, or distribution networks to enhance their market position.
Synergy Benefits: Mergers and acquisitions can create synergies by combining resources, expertise, and customer bases, leading to cost reductions and revenue growth.
Popular Sectors for M&A Activity
Automotive: The Thai automotive industry has been a major target for M&A activity, with both domestic and international players seeking to expand their manufacturing capabilities and market share.
Real Estate: The booming real estate sector in Thailand has attracted significant investment, with foreign companies acquiring properties and developing projects.
Energy: The energy sector has been another focus of M&A activity, as companies look to secure access to resources and expand their operations in the region.
Technology: The technology sector has seen a rise in M&A deals, driven by the increasing demand for digital solutions and services.
Consumer Goods: The consumer goods sector has been a popular target for M&A activity, with companies seeking to tap into the growing Thai market and expand their product offerings.
Challenges and Considerations
While Thailand offers numerous opportunities for M&A activity, there are also challenges to be considered. These include:
Regulatory Framework: Navigating the regulatory landscape can be complex, requiring careful consideration of legal and compliance issues.
Cultural Differences: Understanding and adapting to cultural differences is essential for successful M&A transactions.
Due Diligence: Conducting thorough due diligence is crucial to identify potential risks and ensure a smooth integration process.
Valuation: Accurately valuing target companies can be challenging, especially in emerging markets.
Despite these challenges, Thailand's M&A market is expected to continue to grow in the coming years, driven by favorable economic conditions and increasing foreign investment. As the country's economy expands and its market becomes more sophisticated, M&A activity will likely play an even more significant role in shaping its business landscape.
#thailand#Mergers & Acquisitions in Thailand#corporate in thailand#corporate lawyers in thailand#lawyers in thailand
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What is Private Banking? – Definition and How It Works
Some people amass significant wealth through business ventures or inherited multi-generational assets. The criteria to categorize them as “high-net-worth individuals” might vary across geographies. However, they require unique financial services like private banking and investment research outsourcing. This post will describe how private banking firms work.
What is Private Banking?
Private banking offers numerous wealth management, accounting, risk assessment, financial modeling, and property valuation services customized for high-net-worth individuals (HNWIs). Different firms and banks enable their HNWI clients to create investment strategies using private banking services.
Relationship managers and private bankers serve clients exclusively, supervising all financial aspects concerning the client’s real estate investments, gold possessions, and investor portfolio. They also monitor how different public policies and market trends affect the risks associated with an HNWI’s wealth.
Moreover, retirement planning is essential to private banking services because of the distinct lifestyle followed by high-net-worth individuals. Professional firms and private banks also plan the transfer of wealth involving family members, donations, and inheritance.
How Does Private Banking Work?
Private bankers and consulting relationship managers are responsible for strategically allocating the capital resources made available by HNWI clients. They can benefit from investment research outsourcing to streamline their portfolio management strategies.
Each private banking client has 1 million USD as investable assets. Therefore, managing all the financial operations via systematic investment decisions and advanced accounting tools are some essential duties of private banking professionals.
Their revenue depends on the performance of assets, agreed-upon commission rates, and offered services. When clients have more than 10 million USD, they are Ultra-HNWI. So, more precise risk management and investment research reporting become critical to the financial service providers at a private bank.
Benefits of Private Banking
1| Confidential Transactions
Private banks prioritize protecting the privacy of clients, managers, dealers, and marketing personnel. They allow HNWI to conduct secure transactions involving large sums of money using proprietary mechanisms.
Remember how celebrities, international sports athletes, and some industrialists prefer personalized treatment while building networks to enhance their social and financial status. They do not want public attention or the retail banking environment to manage their assets. Therefore, privacy is important to them.
2| Minimized Human Risks and Convenient Access
HNWI and Ultra-HNWI interact with the relationship manager or private banker who manages all other investment research outsourcing activities and banking interactions. So, wealthy individuals reduce the human risk of intelligence leakage or fraud by letting a single person control their assets on their behalf.
If an HNWI interacts with multiple people, everyone in the communication chain will know about the HNWI and share this information with third parties. The benefits of private banking services include mitigating such dangers.
3| Personalized Investment Opportunities
Private banks offer discounts and other pricing optimizations to ensure that high-net-worth clients stay with them instead of switching to another service provider. For example, private bankers might provide you with more generous interest rates to facilitate a beneficial mortgage.
Besides, clients engaged in international business are better positioned to acquire advantageous foreign exchange rates. Specialized lines of credit (LOC) can become available to the HNWI using private banks for wealth expansion.
Conclusion
Individuals who own investable assets that surpass 1 million USD in valuation reports demand tailored financial products and services. Simultaneously, investment research outsourcing teams assist their relationship managers and private bankers in strategizing portfolio development.
The service fees charged by private banks vary across wealth reporting, risk management, legal compliance audits, real estate services, and inheritance. However, HNWIs and UHNWIs pay the fees to enjoy the increased privacy and convenience of large transactions.
A leader in private banking services, SG Analytics supports worldwide private banks in devising research-backed investment ideas and strategies to maximize returns. Contact us today to get extensive insights into coverage expansion and the screening process.
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Are you aware of US CPA Exam changes from 2024?
US CPA is one of the most lucrative career options in the accounting field. The global demand for CPAs has increased exponentially over the last few years. Parallelly, the roles and responsibilities of CPAs have also varied in accordance with the ever-changing business landscape. The advent of digitization and the implementation of new technologies have revolutionized the finance and accounting industry. To ensure that CPAs are updated and competent with the technology-driven business landscape, AICPA has introduced the CPA Evolution Initiative.
The US CPA Exam Evolution Initiative will come into effect from January 1, 2024 and will have significant changes to the CPA curriculum. The passage below explores in detail the CPA 2024 changes.
CPA Evolution Initiative – What is the New Model?
The new model has been proposed to make the CPAs more tech competent. The new model will follow a Core + Discipline model with 3 Core Sections and 3 Discipline Sections.
CPA students have to study all three core sections. The three core sections are:
Financial Auditing and Reporting (FAR)
Auditing and Attestation (AUD)
Taxation and Regulation (REG)
CPA students can choose one discipline section out of the three. The three discipline sections are:
Business analysis and reporting (BAR)
Information systems and controls (ISC)
Tax compliance and planning (TCP)
Irrespective of the discipline section the CPA candidate chooses, he can opt to practice in other areas well. His choice of discipline section will not have any effect on his CPA licensure.
Transition Policy – What it Means to CPA Aspirants?
AICPA along with NASBA, have created a smooth transition policy for implementing the new changes. The transition policy is simple and straightforward. Below is the break of the transition policy and how it affects the CPA candidates.
Candidates who have passed and have credit for AUD, FAR, or REG on the current CPA Exam will not need to take the corresponding new core section of AUD, FAR, or REG on the 2024 CPA Exam.
Candidates who have passed and have credit for BEC on the current CPA Exam will not need to take any of the three discipline sections.
Candidates without credit for AUD after Dec 31, 2023, will have to take the AUD core section on the 2024 CPA Exam.
Candidates without credit for FAR after Dec 31, 2023, will have to take the FAR core section on the 2024 CPA Exam.
Candidates without credit for REG after Dec 31, 2023, will have to take the REG core section on the 2024 CPA Exam.
Candidates without credit for BEC after Dec 31,2023 will have to take one Discipline section on the 2024 CPA Exam.
The current sections and curriculum of the CPA exam will not be available for testing after Dec 2023.
CPA Exam 2024 – What are the Content Changes?
There are some significant changes in the curriculum of each section for the CPA exam 2024. The content from the section has been transferred to the other sections.
The only section that remains relatively unchanged is AUD. While no content has been removed from it, some content from BEC has been added to this section. The newly added topics in the AUD section are basic economic concepts and business processes and internal controls. Some existing content from FAR will be moved to the BAR discipline section under the new model. These topics include business combinations, R&D costs, stock compensation, and public company reporting, among many others. Some BEC topics have also been moved to the FAR section. Similarly, some existing REG content has been moved to the TCP discipline section. This content includes gross income concepts.
In the case of discipline sections, the BAR section includes complex technical accounting topics along with lease accounting and revenue recognition. It also includes certain topics from the BEC section such as managerial and cost accounting, variance analysis, non-financial measures of performance, and financial valuation decision models. ISC exam section will evaluate the candidate on knowledge of IT audit and advisory services. It also borrows some BEC topics. Lastly, the TCP discipline section evaluates the candidates on knowledge of federal tax compliance policies and focuses on complex tasks. As specified already, some REG topics have been included in the TCP section.
Below is the summary of how the content has been spread across different sections under the CPA 2024 model:
REG – REG + TCP
FAR – FAR + BAR
AUD – AUD
BEC – FAR + BAR + AUD + ISC
CPA Exam 2024 – Scoring Weight Changes
There is not much change in the scoring weight of the CPA exam. Under the new model, every section has a scoring weight of 50% MCQs and 50% TBSs, except one section. The ISC discipline section gives 60% weightage to MCQs and 40% weightage to TBSs.
CPA Exam 2024 – Section Time and Question Count Changes
There is no change in the section time. The current section time of 4 hours will remain the same for the new model as well. In the case of question count, the new model has 2 changes. The current model has a question count in the range of 62-72 MCQs and 8 Sims, except for BEC. The BEC exam has 4 TBSs and 3 Written Communication questions. Under the new model, the ISC exam section will have 82 MCQs and 6 TBSs. Similarly, FAR and BAR exam sections will have 50 MCQs and 7 TBSs
CPA Exam 2024 – Skill Level Changes
There are no changes in the skill level categories but there are a few minor changes in the skill level allocation for some sections. The changes to the question count also reflect the skill level changes. For instance, ISC with more MCQs has more skill allocation to Remembering and Understanding. AUD section lays more emphasis at Remembering and Understanding and Analysis levels, whereas FAR section lays emphasis at Remembering and Understanding and Application levels. The latter section has fewer questions at the Analysis level.
REG section retains the same skill level with no changes. FAR and BAR have more questions at the application level with MCQs having complex calculations. TCP section contains the highest percentage of questions at the Application level.
It should be noted that these changes are not finalized. There might be a few changes to the new model. But, the core concept of the model will remain the same. AICPA has announced that it is waiting for inputs on the new model till September 30, 2022. Post that, it will review the comments and make any changes if deemed fit. The blueprint will be finalized in December 2022 and will be published in January 2023.
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What Is The Trend Among Indian CFA Applicants?
The number of Indian candidates applying for the Chartered Financial Analyst cfa level 1 exams has increased, which can only be described as an emerging trend.
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Right now, India positions third with the most number of competitors taking the test. In June 2022, the cfa institute reported that 14,776 candidates appeared from India, China, and the United States. The worldwide number was 71,914.
CFA test in India
Specialists in the business accept that the pattern is a consequence of the development found in the Indian economy. The nation has turned into a trustworthy speculation objective guaranteeing an expansion in venture experts.
The CFA Sanction expects contender to breeze through three test levels, have a work insight of something like four years in ventures, and focus on the set of principles in proficient lead. Following this, competitors are supposed to apply to a CFA Foundation Society and become an individual from the famous CFA Establishment.
The program educational plan tests abilities and information expected in the venture business. Considering that the worldwide market is changing at an exceptional speed, the CFA test guarantees premium expert lead, moral norms, and global fiscal summary examination. The Level I test especially tests competitors on their capacity to associate their hypothetical comprehension with training. They must demonstrate their capacity for real-time analysis of the investment industry. Other significant ideas incorporate corporate money, abundance the executives, portfolio examination, protections investigation and valuation, financial aspects and quantitative techniques.
Candidates typically need more than three years to successfully complete the CFA Program. Each of the three levels requires determination and a commitment to at least 300 hours of study.
The CFA tests are held across the world in excess of 70 urban communities in December and north of 170 urban areas in the long stretch of June. Test centers are assigned to candidates based on where they prefer to be.
India’s metropolitan areas of New Delhi, Bengaluru, Mumbai, and Kolkata saw the greatest number of Level 1 test takers in 2022.
IndigoLearn is among the global leaders in international training for CPA, CFA,CMA, ACCA, Data Science & Analytics. It has helped over 500,000 professionals across the globe. With IndigoLearn, 9 out of 10 students pass their exams.
Article Source: cfa preparation
#cfa level 1#cfa institute#cfa institute india#cfa program#cfa qualifications#cfa level 1 cost#cfa preparation#cfa online
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The Wagner Affair: Russian Coup or Putin Chess Move?
Listening to Mainstream Media, one may get the impression that Vladimir Putin faces internal issues, on top of Global pressure from NATO. An ongoing dispute between Putin & Yevgeny Prigozhin regarding 'military tactics' in Ukraine led up to The Wagner Group breaking ranks w/ The Russian Army & marching on Moscow. They quickly crossed the border & commandeered strategic positions in Rostov- On- Don, a Russian City on the Southern Ukrainian Border. As fast as the news broke, reports of this 'mutiny' were changing.
New Reports now say that Wagner Troops were standing down & returning to Base. Meanwhile, Wagner Leader, Yevgeny Prigozhin has been 'exiled' to Belarus in a deal brokered by Belarusian President Aleksandr Lukashenko. The claims of Treason, & of a possible Russian Civil War are being downplayed. Secretary Of State Anthony Blinken paints a picture of a weakened Putin, but are there chinks in the Russian Armor? During this public 'spat' Vladimir Putin allowed Prigozhin to disseminate narratives on Social Media that were not only critical of his Defense Minister, but also critical of Putin's premise of NATO involvement & removing Nazis in Donbas.
News Analysts are saying that Prigozhin was making a Power Move on the Russian Military. Apparently, Prigozhin was against incorporating his Troops into the Regular Russian Army, so he made a play for Military Leadership. These Analysts question how Wagner Troops were able to get as close as 2 Hours away from Moscow, w/o internal help. Clayton Morris of 'Redacted' reported a coincidence regarding The Pentagon's $6.2B Valuation Error in Ukraine, less than 72 Hours before this 'mutiny'. He suggests a Maidan Style Revolt in Russia, orchestrated by NATO.
I assume the $6.2B was used to buy Players in this 'Coup'? Prigozhin is obvious, but I figure other Oligarchs were involved. Ukrainians are asking why the Mission was abandoned just a couple of hours later(?) In the 'Redacted' Newsstory, it is suggested that NATO was monitoring Prigozhin's Social Media activity, but Vladimir Putin anticipated this. Both Clayton Morris & Andrew Bustamante believe that the drama between Putin & Prigozhin was scripted. How else do you explain Putin letting a 'Traitor' & 'Backstabber' go into Exile- after abandoning him on the Battlefield? Vladimir Putin has pursued individuals Around The World for less.
Andrew Bustamante suggests that we're witnessing a redeployment of Wagner's 25,000 Soldiers to Belarus. They will join the 30,000 Regular Russian Soldiers already deployed there. Bustamante suggests they are poised for an assault on Kyiv. Belarus' Southern Border is not far from the Ukrainian Capital, & is accessible by Land & by River. I don't see why Putin would want to attack Kyiv; he always stressed the Donbas Region as his focus. Another Line of Thought is, Vladimir Putin manipulated Yevgeny Prigozhin's Social Media activity to determine Friend from Foe. NATO gets an illusion of a weak & fracturing Russia, while Putin gets to strengthen his weak spots.
As Time passes, it looks more & more like this 'Russian Coup' was some type of exercise. It was Over as fast as it Begun. Wagner Troops were initially ordered to return to their Mobile Base. We have to see if they're deployed to Belarus, to reunite w/ their 'exiled' Leader... Anthony Blinken made his rounds on the Sunday News Shows, painting a narrative of a toothless Russia collapsing on itself. What We keep discovering, is how Russia continues to stay at least one step ahead of America & NATO.
Regarding Yevgeny Prigozhin & the global operations of The Wagner Group, We have to see what happens. The West is anticipating the worst- Wagner Troops running amok in Afrika & Arabia, like Turks & Kazars. Is Prigozhin still in charge? I have some concern for the actions of Wagner Troops in Afrika, but Russia & Ukraine is an ancient argument that is None of My Business... I'm more interested in Poland's treatment of South Afrikan President, Cyril Ramaphosa, on his way to Kyiv- They would NEVER endanger a European Leader's Safety like they endangered President Ramaphosa's.
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The Top Financial and Accounting Services Your Business Needs to Succeed
Running a business comes with numerous challenges, and managing finances and accounting can be daunting tasks for many entrepreneurs. However, with the right financial and accounting services, you can streamline your operations, ensure compliance, and make informed business decisions.
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Here are the top financial and accounting services your business needs to succeed:
Bookkeeping and Accounting: This includes maintaining financial records, preparing financial statements, and managing accounts payable and receivable.
Tax Planning and Preparation: Tax planning ensures that you comply with tax laws, minimize tax liabilities, and make informed financial decisions. Tax preparation involves preparing and filing tax returns accurately and timely.
Payroll Management: Payroll management involves calculating and processing employee salaries, deductions, and benefits. It also ensures compliance with labor laws and regulations.
Financial Analysis and Reporting: Financial analysis and reporting provide insights into your business's financial health, performance, and trends. It helps you make informed business decisions and identify opportunities for growth.
CFO Services: Chief Financial Officer (CFO) services offer strategic financial planning, forecasting, budgeting, and analysis. It helps you manage financial risks and optimize your business's financial performance.
Audit and Assurance Services: Audit and assurance services provide an independent evaluation of your business's financial statements and internal controls. It ensures compliance with accounting standards and helps identify areas for improvement.
Business Valuation: Business valuation services help determine the value of your business, which is crucial for making informed decisions regarding mergers and acquisitions, selling the business, or securing funding.
Financial Planning and Analysis: Financial planning and analysis services help you plan and forecast your business's financial performance, identify potential risks and opportunities, and make strategic decisions.
Inventory Management: Inventory management services help you keep track of your inventory levels, costs, and profitability. It helps optimize your inventory levels and avoid stock-outs or overstocking.
Debt and Equity Financing: Debt and equity financing services help you secure funding for your business, whether it's through loans, lines of credit, or equity investments. It helps you manage cash flow, invest in growth, and finance capital expenditures.
By leveraging these financial and accounting services, you can streamline your operations, ensure compliance, and make informed business decisions. Whether you're a startup or an established business, partnering with a reputable financial and accounting services provider can help you achieve your goals and succeed in today's competitive market.
In conclusion, partnering with the right financial and accounting services provider can help your business thrive. At Truspanfinancial , Finance & Accounting Services, we offer a comprehensive suite of financial and accounting services tailored to your business needs. Contact us today to learn more about how we can help your business succeed.
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How to analyze market leadership company for investment?
Analyzing a market leadership company for investment involves evaluating various qualitative and quantitative factors to determine its strength, sustainability, and potential for future growth. Here’s a key point for investment.
1. Industry and market position analysis
Market Share: Compare the company's market share with competitors. A leading company should have a significant share. Competitive Advantage: Look for moats (e.g., brand loyalty, cost advantages, patents, network effects). Industry Growth Rate: A strong company in a growing industry has better prospects than one in a declining sector. Barriers to Entry: Industries with high barriers (e.g., heavy capital requirements, regulations, R&D) protect leaders from new entrants.
2. Financial performance & stability
Revenue & Earnings Growth: Check if sales and net income are consistently growing. Gross & Net Margins: Higher margins often indicate pricing power and efficiency. Return on Equity (ROE) & Return on Assets (ROA): Measure how efficiently the company uses capital. Free Cash Flow (FCF): Positive and growing FCF means the company can reinvest and pay dividends.
Debt-to-Equity Ratio: A low or manageable ratio shows financial stability. Current & Quick Ratios: Indicate liquidity and short-term financial health.
3. Completive strength & innovation
Product & Service Differentiation: Unique features that create customer stickiness. R&D & Innovation Spending: High investment in research often leads to long-term dominance. Customer Loyalty & Brand Strength: Strong brands have pricing power and repeat customers.
4. Leadership & management quality
CEO & Management Track Record: Look at their experience, vision, and past performance. Corporate Governance: Ethical practices and transparency in financial reporting are crucial. Insider Ownership: If executives own shares, they have skin in the game
5. Growth potential and market expansion
New Markets & Global Expansion: International presence can drive future growth. Mergers & Acquisitions: Strategic acquisitions can enhance market position. Technology & Digital Transformation: Companies adapting to digital trends often sustain leadership.
6. Valuation and stock performance
Price-to-Earnings (P/E) Ratio: Compare with industry averages to assess if it's over/undervalued. Price-to-Sales (P/S) & Price-to-Book (P/B) Ratios: Used for high-growth or asset-heavy companies. Dividend Yield & Payout Ratio: Important for income-focused investors. Stock Performance vs. Index & Peers: Check how it performs against benchmarks.
7. Risk management
Regulatory & Legal Risks: Lawsuits, government regulations, or antitrust issues. Macroeconomic Risks: Interest rates, inflation, and economic cycles affecting business. Disruption Threats: New competitors, tech shifts, or changing consumer preferences.
If you analyze all point than you can best investment.
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Comprehensive Legal and Financial Services by Adv. Raman Garg
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The current business environment requires organizations to focus on legal and financial regulatory compliance at its highest level. All business operators need a reliable professional advisor between entrepreneurs and business owners as well as individuals who seek professional support. Adv. Raman Garg, a renowned Tax Adviser at M/s. Krishna Associates, delivers comprehensive solutions for multiple Legal, Taxation and Financial demands of its clients.
ISO Certification
All businesses that wish to improve their quality management systems while earning customer trust should obtain ISO certification. The process boosts credibility alongside meeting the requirements of international standards. The professional team at M/s. Krishna Associates helps organizations obtain ISO certifications through efficient organizational processes.
FSSAI Registration
Participating in the food business sector requires operators to acquire FSSAI registration because it proves their compliance with food safety standards. The professional team at M/s. Krishna Associates assists businesses to obtain FSSAI certification efficiently with swift execution and full compliance to legal requirements.
Digital Signatures
Digital signatures are essential components which ensure protected online payments in combination with document authentication systems. With M/s. Krishna Associates you can get any of the Digital Signature Certificates including Class 3 and DGFT digital signatures as they simplify the process of obtaining legally approved digital certificates.
Property Valuation
Legal requirements together with taxation purposes and financial planning depends on correct property valuation. M/s. Krishna Associates provides precise property value assessments which adhere to all regulatory standards.
TDS Returns E-Filing
Businesses together with professionals need to ensure accurate and punctual filing of TDS returns. The organization helps businesses prepare their TDS returns for e-filing to meet current tax rules.
CA Reports and Net Worth Certificates
Financial documentation needs Chartered Accountants (CAs) to play the crucial role. The company delivers customized CA certificates as well as financial assessments and net worth documents that require certification.
CA Audit & Certificates
A business entity requires external audits as a crucial method to preserve transparency and enhance credibility. The CA audit services from the organization examine financial compliance regulations to deliver required business and personal finance certificates.
Computerized Accounts
The organization uses computer technology to provide efficient accounting services which optimize financial operations for all types of organizations and professional accounts.
MSME (Udyam Registration)
The process of getting an MSME certificate becomes necessary for all small and medium enterprises if they intend to access governmental support benefits. They simplify registration steps to validate business licenses quickly.
GST Registration & Returns
Every business must follow the obligations of GST compliance. The organization helps businesses handle their GST responsibilities through comprehensive services that include registration along with return filing and tax compliance processes.
Income Tax Returns E-Filing
The correct filing of income tax returns supports financial planning and prevents penalties from occurring. The organization offers professional e-filing solutions for personal and business income tax returns.
Notarization of Documents
When documents get notarized, they become authentic for legal agreements. The organization provides certified documents services that notarize contracts alongside affidavits and additional documents.
Trade Mark Registration
The act of securing your brand identity depends on trademark registration. The organization provides efficient trademark protection services to businesses.
Shop Establishment Act Registration
All businesses within retail and trade operations must fulfill the legal requirement of Shop Act registration and to obtain Form F & B Certificate. Registration procedures for shops and establishments remain straightforward because of their assistance.
PAN/TAN Registration & Correction
They offer assistance for new PAN/TAN number acquisition and existing detail amendments both for individual and business entities.
CA Project Report & CMA Data
Strategic loan approvals and financial assessments need both a CA project report and CMA data. M/s. Krishna Associates creates exact reports which comply with banking and financial institution standards.
Translation from Punjabi to English
Business operations face impediments when employees or customers need to engage through different languages. Their organization delivers professional translation services which convert Punjabi content into English to maintain clear legal and official text documents.
Drafting of Deeds & Agreements
They help companies create partnership agreements alongside retirement deeds which establishes proper business flow and meets all legal mandates.
Firm, Company & Society Registration
Every business or organization must complete proper registration procedures. Their Organization provides fast services to register all types of firms, companies, societies and sports & youth clubs.
Conclusion
Trust your legal along with financial matters to seasoned professionals for expert handling. You can reach out to them right now to receive dependable services that align with your individual requirements.
For more information on the company’s financial services, visit Bridge Capital Advisory’s official website or get in touch with their financial experts today. They offer expert services in legal, taxation and financial fields and welcome your contact through their contact information.
Contact Details
Adv. Raman Garg
(Tax Adviser)
M/s. Krishna Associates
Talwandi Road, Raikot (Ludhiana)
www.ramangarg.in
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AMC Networks Takes $269 Million Balance-Sheet Hit for Drop in U.S. Cable Channel Values as Streaming Subscribers Cross 12 Million
Jennifer MaasFeb 14, 2025 4:20am PT
AMC Networks reported its fourth-quarter 2024 earnings Friday, revealing a $268.7 million devaluation of the media company’s U.S. cable channel business, which consists of AMC, BBC America, IFC, SundanceTV, WE tv and IFC Films.
At the same time, the company says AMC Networks’ U.S. streaming revenue increased 8% between October and December. The company’s total combined streaming subscribers reached 12.4 million by the end of the year, which counts customers across AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK and HIDIVE.
For the full year, AMC Networks took a total of $399.5 million in impairment and other charges, including the above-mentioned $268.7 million goodwill charge for domestic operations, as well as $102 million charge for international division AMCNI and $29.2 million for long-lived asset impairment charges at BBC America, which AMC Networks acquired in full in November.
Per AMC Networks, “The decrease in the estimated fair values reflected current and expected trends across the media industry, including continued softness in the domestic linear marketplace and across the International television broadcasting markets, resulting in lower expected future cash flows, as well as a decrease in the valuation multiples used to estimate the fair values using the market approach for the Domestic Operations reporting unit.”
Restructuring and other related charges were $49.5 million for the year, with $44.2 million of that being content impairment charges and $5.3 million of severance and employee-related costs.
When AMC Networks bought out BBC America last fall, the company says it took a restructuring charge of $43.2 million “pertaining to certain scripted original programming that no longer aligned with the channel’s go-forward strategy,” and additional content charges “were recorded in connection with We TV shifting to a reduced originals strategy.”
Looking at the domestic business, overall revenue decreased 11% to $520 million. Subscription revenue was down 4% ($314 million), as streaming revenue rose 8% ($156 million) and affiliate sales dropped 13%. Content licensing fell 30% ($67 million). Ad sales declined 12% to $139 million.
International revenue was down 14% ($86 million). Subscription revenue dropped 5% ($48 million). Content licensing and other sales fell 85% to $4 million due to the sale of 25/7 Media in December 2023. Ad sales increased 43% ($34 million) with a one-time retroactive adjustment in the U.K., without which, the increase was 12%.
Wall Street forecast earnings per share (EPS) of $1.05 on $611 million in revenue, according to analyst consensus data provided by LSEG. AMC Networks reported adjusted EPS of 64 cents on $599 million in revenue. Revenue was down nearly 12% from the prior year.
“We are pleased and encouraged by our results in the fourth quarter and across all of 2024. We achieved our full-year guidance across all key financial metrics, including generating healthy free cash flow of $331 million,” CEO Kristin Dolan said in a letter to shareholders. “Our free cash flow performance to date has been strong and we are increasing our expectations to approximately $550 million of cumulative free cash flow over the ’24/’25 two-year period. We forged and expanded innovative partnerships that are helping to drive our company forward amidst a period of change that is challenging all media companies. In addition, we continued to delight fans by delivering high-quality and distinctive shows and films across our own targeted offerings as well as an array of partner platforms, and to expand our targeting capabilities to differentiate our advertising business.”
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How an Investment Banking Course in Mumbai Can Skyrocket Your Finance Career?
The investment banking sector is regarded as the ultimate prestigious and remunerative careers in the financial industries. It has promising growth, very high salaries, and international exposure. Unfortunately, before dealing with such competitive nature in this field, one really needs to put in some strong foundations in finance, financial modeling, valuation, M and A, and risk management.
For aspiring investment banker, joining an Investment Banking Course in Mumbai would transform one's life fortunes in that regard. Mumbai, as a bustling business capital, would bring one within reach of top-notch investment banks and financial institutions as well as world-class training centres preparing one for the exacting world of investment banking.
This article should unravel how such an Investment Banking course will impact one's career in finance, the skills one learns in it, career prospects, and how to choose the right course to your objectives.
Key Skills You Will Gain from an Investment Banking Course in Mumbai
An investment banking course in Mumbai imparts a variety of skills useful for preparing students to enter the world of fast-paced finance. Mumbai, as India’s financial capital, is the perfect place for specialized training in this sector. The main skills imparted during the course include:
1. Financial Analysis and Valuation
A key surface of investment banking is the ability to analyze the financial health of an entity. The course instructs the students on how to analyze financial statements, interpret key financial ratios, and deploy valuation techniques like discounted cash flows (DCF) and comparable company analyses or precedent transactions. These skills are indispensable to those advising clients in mergers and acquisitions or capital raising.
2. Mergers & Acquisitions (M&A)
Investment bankers play a crucial role in M&A activities, which require in-depth knowledge of structuring deals, conducting due diligence, and negotiating terms. An investment banking course in Mumbai will equip students with the ability to manage complex M&A processes, understand the legal and financial implications, and strategize for maximizing value.
3. Financial Modeling
Building and understanding financial models is another important skill for an investment banker. Students learn how to build a model in Excel to forecast a company's future financial performance, complete sensitivity analyses, and assess investment feasibility. This practical skill is a prerequisite in investment banking-the area where one manifestation of a good model is the one that provides data-driven basis for the important decision-making.
4. Equity Research and Analysis
The investment banker's core function stands as intense research to encyclopaedic understanding of guiding their clients about investments relating to stock valuation and market drifts. The Mumbai course will teach students equity research analysis, industry trend analysis, and preparation of all-inclusive investment reports.
5. Corporate Finance
The other major skill entails a fundamental knowledge of corporate financing, as with the cost of capital, capital structure, etc., understanding how decisions of financing could have an effect on a company's valuation. An investment banker uses these concepts to advise clients on the best way to raise funds through debt, equity or structured-finance instruments.
6. Market Understanding
How the Mumbai course broadens knowledge of Indian financial markets, its regulatory scheme, and its major exchanges, particularly the BSE and NSE. Integrated are teachings about how among other things global localized market conditions interact with the local investment strategies.
7. Soft Skills and Negotiation
Non-technical skills such as soft skills are also a requisite for investment bankers to communicate well with clients, investors, and legal teams. The course facilitates the development of these soft skills considered indispensable in closing deals and managing client relationships.
Salary Trends & Job Opportunities After Completing an Investment Banking Course in Mumbai
An investment banking course in Mumbai opens wide vistas of career opportunities for candidates with payment packages offering cutting-edge salaries and an array of job profiles. Mumbai is the financial capital of India and thus would provide the best base for professionals to launch their careers in the field of investment banking. Here is an overview of the salary trends and job opportunities available after completing the course.
Salary Trends in Investment Banking
Investment banking salaries are very lucrative but vary according to the level of experience, skill, and the organization itself.
Entry-Level Salaries: The entry-level income for candidates, especially less than two years’ experience generally falls between ₹7-£12 lakhs. The usual responsibilities of roles at this level include functionally supporting a senior banker, preparing some financial models, and then conducting research.
Associate Level: For a few years of work, professionals are likely to earn an average of ₹12 to ₹20 lakhs as associates. At this level, the roles assume more responsibility, such as the skill of managing the client relationships, dealings with him/her, and taking care of the due diligence process.
Vice President/Associate Director: The experienced professional with five to seven years of experience typically earns ₹20-35 lakhs per annum. While these functions cover team management, chunk handling/high ticket deals, and strategic advice to clients, they do not mention all of them.
Director/Managing Director: Director/Managing director roles offer packages ranging from ₹35 lakhs to ₹1 crore per year and more. Leadership on the major transactions, business development drives, and custodians of critical strategic decision-making spaces for clients are the responsibilities of the positions.
In short, income for investment bankers in Mumbai also has performance bonuses, profit sharing, and more incentives as salary.
Job Opportunities After Completing the Course
The investment banking course in Mumbai serves as a gateway to diverse high-paying career opportunities in the financial industry:
Investment Banking Analyst: During entry-level positions, analysts work with financial modeling, industry research, and support in the execution of transactions.
Investment Banking Associate: As bankers gain experience, they tend to undertake associate positions and now have increased involvement with clients and leading deal execution.
M&A Advisory: Investment bankers involved in mergers and acquisitions are a major backbone for supporting companies' efforts in acquisitions, divestitures, and restructuring.
Private Equity: Investment banking professionals are sometimes found working in private equity firms, where they look for potential investment opportunities, conduct due diligence, and manage their portfolio companies.
Equity Research Analyst: Equity research analysts focus on analyzing stocks and industries and providing investment recommendations to individual and institutional investors.
Corporate Finance: Professionals may select to work in corporate finance departments of large corporations, managing the strategic process funnelled into capital raising, planning, and financial analysis.
Hedge Funds and Asset Management: Investment bankers could also switch to hedge funds and asset management firms, working in portfolio management, trading, and investment strategy.
Online vs. Offline Investment Banking Courses in Mumbai: Which One is Right for You?
When deciding on a course in investment banking in Mumbai, you will have to make one major decision-whether to study online or offline. Both the modes have their peculiar advantages, and it is up to you to pick the one that suits your learning style, time, and professional goals. For some comparison between the two, here is:
Online Investment Banking Courses
Advantages:
Flexibility: Online courses show unmatched flexibility. Here understanding is on one's own time. Study materials, videos as well as assignments can be accessed any time at any place. These courses are best suited to people with full-time jobs, internships or other commitments.
Global Access: If you opt for studying from an online course, then you can be learning with the best from elite instructors and institutions especially from all over the globe. Online courses include opportunities to take courses that are probably unmodeled by Mumbai.
Cost-Effective: Online courses are always cheaper than their counterparts offline. Commuting, accommodation, infrastructure, etc., are some of the savings that can be realized when taking online courses. Many online platforms also offer distinct pricing tiers to students, thus enabling them to choose according to their budgets.
Self-Paced Learning: Online courses bring you up to self-learning. It's perfect for people who want to go through material slowly or return to a concept.
Offline Investment Banking Courses
Advantages:
Structured Environment: In a sense, offline courses require more rigid kinds of learning as they entail fixed working hours, assorted live lectures, and personal interactions, which greatly contribute toward holding the participant accountable and motivated throughout the course.
Better Networking: Networking with other students, instructors, and guest speakers is one great benefit to offline courses. In a field as personal as investment banking, a lot of doors get opened through connections and mentorship.
Direct Access to Faculty: Offline courses present instant access to instructors for clearing doubts immediately. You also benefit from discussions, case studies, and practical examples while guys interact.
Hands-On Experience: Many offline courses would be practical training, like internships, live case study works, or even going in and working on real-life projects, and that counts really well in the job market.
Which One is Right for You?
Choose Online: Such courses are great for those with flexible schedules: those wishing to learn at their own speed and spending less on the course. It is also great for those interested in self-study and looking for resources to study from home.
Choose Offline: The offline options will suit those who want an interactive setup with instructors and peers or who want to network with the investment banking community in Mumbai. Classroom setups usually work well for those who need immediate help and face-to-face interaction with the trainer and practical exposure.
Common Mistakes to Avoid When Choosing an Investment Banking Course in Mumbai
Selecting the appropriate set of investment banking courses in Mumbai is a very important decision that can change the course of your career. Though there are a plethora of courses available, even a tiny mistake may cost you your precious time and resources. Here are some of the common mistakes that people make while selecting the investment banking courses to avoid:
Not Researching the Course Content Thoroughly
Probably the most common mistake is to enroll in a course without paying attention to its syllabus. Investment banking covers a wide variety of fields, including financial modeling, M&A, equity research, and corporate finance, among many others. This makes it imperative that the course covers a comprehensive syllabus of these key subjects. Any course with either a very narrow syllabus or lacking practical training skills in financial modeling or valuation may not adequately add substance to your career.
2. Ignoring the Reputation of the Institution
It becomes critical that the course is offered by an institution of good repute. Some may appear good just for their aggressive marketing and alluring discounts, but the utmost priority should still be the education quality and recognition in the industry. Check for their track record, faculty, alumni network, and links in the industry. Programs run by well-known financial institutions or universities strongly linked to the industry are most likely to impart good education and valuable networking opportunities.
3. Focusing Only on Price
Cost is undoubtedly to be factored into any decision-making process, considering everything; however, it should not be the final point in arriving at a decision. A seemingly cheaper option may be enticing; however, it may very well be lacking in the syllabus, resources, or industry relevance. Conversely, some of the more expensive options may actually prove to be a complete waste of money. Instead, consider a comparison in terms of value for money: What are you actually getting in terms of course content, faculty expertise, internship options, and career support?
4. Overlooking Industry Certifications or Accreditations
Many investment courses are non-accredited and some may not offer certification that is recognized by the industry. Whichever course you take, make sure it has industry recognition or gives you another certification with some value in your career. This is very important when talking about certificates like the CFA, FMVA, or similar.
5. Underestimating the Importance of Networking Opportunities
Networking is said to be everything in investment banking. Some of the courses tend toward theoretical knowledge, thus offering little chance for you to mix with industry professionals, mentors, or fellow students. Instead, search for courses that focus on networking, such as those that provide industry events, guest lectures, and internship opportunities.
6. Not Considering the Course Format (Online vs. Offline)
The mode of instruction, online or offline, will have a very direct influence on your experience of study. An online course would be most suitable for you if you are self-directed and would want some flexibility. On the other hand, if most of your learning takes place in a structured environment—preferably hands-on—the offline course in Mumbai may suit you best. Your own personal preferences and scheduling will be critical in making your decision.
7. Failing to Consider Post-Course Support
People tend to neglect to look into the actual levels of support in terms of careers that the course extends to its students. A good investment banking course should have career counseling, job placement support, and interview preparation. Some hire strong alumni networks to help their graduates land jobs. Make sure the course of your choice has a good and solid post-course support system that enables you to transition into investment banking.
Investment Banking Course in India Statistics & Growth 2025
The Indian investment banking industry has been growing at a compound annual growth rate (CAGR) of around 8-10% over the past few years.
This growth is expected to continue, with the industry poised to reach ₹1.5 trillion in assets under management by 2025.
Mumbai has seen significant growth in mergers and acquisitions. In 2020 alone, India’s M&A market reached a record $81 billion in deal value, signaling strong demand for financial expertise in deal structuring, due diligence, and valuation.
According to a report by Naukri.com, the demand for financial analysts and investment bankers in Mumbai has grown by 15-20% annually.
Why to Choose Boston Institute of Analytics for Investment Banking Course in Mumbai?
Choosing the right institution for an Investment Banking course in Mumbai is essential for acquiring the relevant skills and knowledge to thrive in this competitive financial world. Listed among the top institutions providing Investment Banking programs is the Boston Institute of Analytics (BIA). Here is why you should look into BIA for your Investment Banking course:
1. Industry-Relevant Curriculum
At the Boston Institute of Analytics, the investment banking program is designed with utmost care to cover the latest developments and practices in this particular field of study. The program comprises theoretical knowledge as well as practical applications; students learn crucial concepts such as financial modeling, valuation techniques, mergers and acquisitions (M&A), corporate finance, and equity research in a real-world scenario that will equip them with the necessary skill set to perform complicated financial transactions.
2. Expert Faculty and Industry Mentorship
Another prominent feature of BIA's Investment Banking course is its talented faculty. The teachers are practitioners with considerable experience in the investment banking sector. Many of them have had stints at world-renowned financial institutions, such as Goldman Sachs, JPMorgan, and Morgan Stanley, and they offer unheard-of insights from these very institutions. The value-added guest lectures and industry mentorships with top bankers approved by BIA would enhance the learning experience and provide students with firsthand exposure to the doyen of the industry.
3. Hands-On Training and Live Projects
At BIA, students do not merely learn the subject by heart from their textbooks; they apply the concepts in the working environment through live projects and are given real-time case studies to solve. Such practical exposure is important for ingraining the knowledge of investment banking thoroughly. Students are also able to undertake working financial models, valuations of companies, and participate in the simulation of M&A deals. Such training is, indeed, a surefire way of enhancing employability, as the insights gained by students shot from theory into the real issues confronting investment banking.
4. Placement Assistance and Career Support
BIA provides specialized placement support to students who aspire to join leading investment banks, private equity firms, as well as financial advisory firms. Strong industry ties and fantastic alumni network becomes important in placing such graduates in defined organizations. BIA extends numerous career support services like resume writing, interview preparation, and networking, besides placement assistance so that students are fully equipped in readiness of the job market.
5. Flexible Learning Options
To comprehensively address the diverse needs of learners, the BIA develops succinct flexible modes of learning. From classroom-based learning to online kinds of learning, the institute provides all kinds of options to make their course of entitlement convenient and feasible for students. It makes it possible for working professionals and students pursuing other courses to learn without interrupting their existing schedules.
6. Strong Industry Reputation
Boston Institute of Analytics has earned a solid reputation in the area of financial education. High quality of education and ready-to-go graduates have shaped this aura of trust with students and employers alike. This has made most leading financial institutions keen to recruit for themselves from BIA due to the practical nature of the course as well as the institute's firm industry ties.
Conclusion & Call-to-Action
Studying Investment Banking Course in Mumbai is one of the most promising career investments anyone can make toward a successful financial future. True training will give you the in-demand technical skills needed, industry exposure, and high-paying opportunities in sectors such as investment banking, equity research, and corporate finance.
This is the moment to act if you are serious about advancing your career in finance! Research the courses available in Mumbai, compare the alternatives, and find a program that resonates with your career path.
Are you ready to kick-start? Catch up today on the top investment banking courses in Mumbai and start the journey toward financial success!
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