Fri.Mar 01, 2024

article thumbnail

ADM expects to report ‘material’ internal control weakness

CFO Dive

A Friday filing shed light on the scope of an internal probe into the commodity giant’s accounting practices but was silent on its CFO’s status.

CFO 238
article thumbnail

Strong Q3 growth may push likely rate cuts to October

CFO News

The stronger than expected real GDP growth in the third quarter may prompt RBI to continue the status quo on policy rate. Economists believe the easing cycle may not begin before October. Rate cuts are unlikely, but RBI's communication on liquidity is important.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

SEC charges Lordstown Motors with misleading investors on sales outlook

CFO Dive

Lordstown’s auditor and adviser also faces SEC sanctions for allegedly violating independence standards.

Sales 255
article thumbnail

Laid off CXOs are much in demand as companies look to hire execs with proven track record

CFO News

Often roles become redundant as an outcome of consolidation, mergers, restructuring of businesses, regulatory hurdles or funding delays, and top executives who lost jobs due to industry dynamics and uncertainties form a critical talent pool for other companies across sectors, said the officials.

article thumbnail

Live Demo: How to Achieve Reconciliation Zen

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

article thumbnail

Yelp exec jumps to AI realm, takes Xometry’s CFO chair

CFO Dive

Yelp’s James Miln is joining the manufacturing marketplace provider as a spotlight continues to shine on AI-powered services and offerings.

CFO 254

More Trending

article thumbnail

Legal woes continue for OpenAI as Elon Musk sues over contract breach

CFO Dive

OpenAI eschewed its nonprofit status to become a de facto Microsoft subsidiary, the Tesla CEO alleged in a Thursday filing before the Superior Court of California.

Nonprofit 130
article thumbnail

Viacom18-Star merger may face intense CCI scrutiny

CFO News

The proposed merger between Viacom18 and Star India is likely to face scrutiny from the Competition Commission of India (CCI) due to their significant market shares in the TV and streaming segments. The CCI might order divestment of channels and conduct a detailed investigation.

article thumbnail

MiB: David Snyderman, Magnetar Capital

Barry Ritholtz

 This week, we speak with David Snyderman, global head of Magnetar Capital LLC’s alternative credit and fixed-income business. He also serves as chairman of Magnetar’s investment committee and as a member of its management committee. Snyderman, who joined Magnetar in 2005 shortly after its launch, was previously the head of global credit and a senior managing director at Citadel Investment Group, and he served as a member of the management, portfolio management and investment/risk committ

article thumbnail

With 5x the investment, India will be among top semicon producers by 2028: IT minister Ashwini Vaishnaw

CFO News

The minister said the government will soon notify Telecommunications Bill rules such as right of way and user protection, which don’t need consultations. The next set of rules, which do need public consultations, will be notified after the April-May general elections. He also said Starlink’s satellite web service will be approved shortly. Edited excerpts.

article thumbnail

New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

article thumbnail

Weekend Reading For Financial Planners (March 2-3)

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 Biden administration could seek to release the final version of the Department of Labor (DoL)'s proposed "Retirement Security Rule" this year, potentially with a January 1 effective date, to ensure it goes into effect before a potential change in administration.

article thumbnail

Myntra secures $54 million fund infusion from parent Flipkart

CFO News

Myntra has been attempting to enhance its portfolio of international brands collections, with premium offerings showing fast growth. This as online fashion in the lower-price segments has lately witnessed a softness in demand.

article thumbnail

NCLT allows 45-day extension for Future unit resolution

CFO News

The resolution professional of the BSE-listed Future Supply Chain Solutions, Rajan Rawat, sought an extension of 45 days, pleading that two prospective resolution applicants have submitted their bids and lenders have already requested them to increase the value of their plans.

article thumbnail

Women contribute only 18% to GDP despite 48% share in population: Study

CFO News

Indian women contribute only 18% to GDP despite constituting 48% of the population. Advancing women's equality could lead to a $28 trillion increase in global GDP, with India potentially seeing a $770 billion boost by 2025.

52
article thumbnail

Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

article thumbnail

Sebi bars Brick Eagle for violations

CFO News

It has also taken action against Catalyst Trustee, on whom it imposed a one-year ban on the grounds that it overlooked compliance violations by the fund manager. The ban is only applicable to trustee services provided to funds by Catalyst and not to its mainstay debenture trustee business.

article thumbnail

GST collections for February at Rs 1.68 lakh crore, up 12.5%

CFO News

Out of the total collections, Central Goods and Services Tax (CGST) stood at Rs 31,785 crore, State Goods and Services Tax (SGST) was Rs 39,615 crore and Integrated Goods and Services Tax (IGST) was Rs 84,098 crore, including ₹38,593 crore collected on imported goods.

52