Wed.Aug 30, 2023

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It’s time for ordinary CFO Barbie

CFO Dive

Even under its cheery pink and blue skies, the “Barbie” movie doesn’t let Mattel’s male-dominated C-suite hide behind the corporate curtain.

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Adani Group rejects OCCRP report, says 'categorically recycled allegations' after Hindeburg

CFO News

While short-seller Hindenburg's report, which also had similar allegations, came just ahead of Adani Enterprises' FPO, the OCCRP report comes ahead of the Supreme Court hearing on the allegations made in the Hindenburg report.

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Flawed accounting surges 150%: Glass Lewis

CFO Dive

Company reports during the 2023 proxy season reveal that many newer businesses have had to correct financial statements and upgrade internal controls.

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Will evaluate shareholders’ requests for dividends, but no decision yet: Zomato CFO Akshant Goyal

CFO News

On August 3, Zomato reported a maiden consolidated net profit of Rs 2 crore for the quarter ended June 2023, as against a loss of Rs 186 crore a year ago. The profitable turn came on the back of higher order frequencies from its loyalty programme, Gold. Its revenue from operations in the quarter saw a nearly 71% on-year jump to Rs 2,416 crore.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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HP blames ‘external environment’ as revenues shrink

CFO Dive

Cautious enterprise customer spending and delayed purchase decisions contributed to a mixed fiscal third quarter, CFO Marie Myers said.

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More Trending

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UBS, JPMorgan alum Youngwood named next Nasdaq CFO

CFO Dive

Youngwood replaces Ann Dennison, effective Dec. 1, at a time when the exchange is looking to broaden its focus beyond equities trading.

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Mind the Gap

Barry Ritholtz

Morningstar blames “mistimed purchases and sales;” Carl Richards calls it the “ Behavior Gap.” Vanguard’s Fran Kinnery describes the cure as “ Advisors Alpha.” Whatever phrase you select, the persistent gap between investors’ performance and the assets they hold is a substantial drag on returns. I mention this in case you missed this Morningstar report “ Mind the Gap: A report on investor returns in the U.S. ” on the topic; it snuck by during the dog days of summer.

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Mahindra Logistics appoints Saurabh Taneja as CFO

CFO News

Cfo Movement: Previously, Taneja was managing the role of CFO – Designate with TATA Boeing Aerospace Limited.

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Crafting More Equitable Advisor Non-Solicit Agreements With The ACRES Agreement

Nerd's Eye View

Non-compete agreements (where a company prohibits an employee from working for competitors, at least for a certain period of time) are often used to help companies protect their investment in the employee (e.g., the time and money spent training the employee) as well as preventing the employee from taking the company's best practices to a new job at a competitor.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Gap Gains Mattel COO

Global Finance

Global Finance Magazine - Richard& Dickson will certainly need to take other risks to infuse fresh air in old Gap.

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WhiteHat Jr CEO Ananya Tripathi leaves in another top-level exit at Byju’s

CFO News

Tripathi was one of at least five business vertical heads who reported to Mrinal Mohit, Byju’s India business head. Four of them, including Tripathi, have quit the firm since June.

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Ford Takes Second Bite From Apple

Global Finance

Global Finance Magazine - This is the second time Ford has tapped an executive from Cupertino in as many years.

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Clips From Today’s Closing Bell

The Reformed Broker

Final Trades: Alphabet, Transocean & more from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Hexaware announces 100-120% variable pay to all employees

CFO News

Despite the prevailing economic volatility where companies have put hiring on hold, Hexaware has committed to on-board around 6,000 experienced professionals this year, it said.

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Top industries in Hong Kong expected to hire throughout 2023

Future CFO

Top industries in Hong Kong expected to hire thoughout 2023 include banking and finance, technology, and sustainability, said Hays recently when releasing its 2023 Hays Asia Salary Guide. The recruitment agency projected a 43.9% staff level increase in Hong Kong this year. According to the guide, 61.4% of employers in Hong Kong expressed confidence in their ability to hire the skilled talent they need, a conversative figure matching the trend of fewer candidates looking to job hop in the city.

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India turning into magnet for foreign luxury brands

CFO News

India is becoming an attractive destination for foreign luxury brands as they aim to tap into the growing affluence of Indian consumers. Factors such as exposure to global trends, younger consumers purchasing luxury goods, and a post-pandemic economic boom are driving this trend. Luxury brands like Laderach, Galeries Lafayette, Balenciaga, TimeVallee, and Keune are entering the Indian market.

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929: Charting the Journeys of Others | Marco Torrente, CFO, WebBeds

CFO Thought Leader

Marco Torrente kicked off his finance career inside the Milan, Italy, offices of SC Johnson, the household cleaning products giant headquartered in Racine, Wisconsin. All told, he would end up spending 7 years in various finance roles at Johnson—including that of controller—while relocating first to London and then eventually to Geneva. Looking back, Torrente tells us that the family-owned company created a “flexible culture” that valued autonomy and direct communication—two qualitie

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Centre spent Rs 2,400 crore more than what it raised via green bonds

CFO News

According to the expenditure plan prepared by the finance ministry for the current financial year, the funds raised through such bonds will be used to finance green projects worth ₹23,764 crore

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train reads: • Has Xi Jinping bankrupted China? It is finally possible to imagine a post-Communist regime. ( UnHerd ) • The Pandemic Transformed America’s Biggest Downtowns in Very Different Ways : While transit ridership and downtown dining took a big hit across the board, new commuting patterns and retail spending vary widely across the US. ( Citylab ) • Larry Summers’ Comparison of 2013–23 Inflation with 1966–76 Is Uninformed Madness : How incredibly wrong was Larry Summer

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Indian firms almost equal global peers in wellbeing initiative: survey

CFO News

Companies are increasingly focusing on employee wellbeing, with some even appointing Chief Fitness Officers. A recent report by Indeed and Forrester Consulting reveals that Indian organizations are on par with the global average in terms of employee wellbeing. The report also highlights that 88% of employees believe it is important to work for companies that care about their wellbeing.

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What It Means to Be a Trusted Advisor

Focus CFO

Join FocusCFO, where you'll have the opportunity to become a trusted advisor and impact small businesses as a Fractional CFO or Area President.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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SAT refuses interim relief to Zee's Punit Goenka in SEBI case, next hearing on Sept 8

CFO News

The Securities Appellate Tribunal (SAT) refused to provide an interim relief to former ZEE Enterprises chief, Punit Goenka, in Zee-SEBI case, reported ET NOW on Wednesday. It has given time to markets regulator, SEBI, till September 4, 2023, to file a reply on the matter. The next hearing has been scheduled for September 8, 2023.

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The Importance of a NetSuite Health Check for your Business

E78 Partners

From start-ups to enterprises, NetSuite is the number one cloud-based ERP solution for those looking for an agile system to support their dynamic business needs. It is a widely deployed solution that increases productivity, speeds up processes, and promotes better decision-making through increased visibility across siloed business systems. In fact, NetSuite users report up to a 300% boost in productivity and a significant reduction in administrative costs.

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Good governance important to ensure stability of urban cooperative banks: RBI governor

CFO News

The Reserve Bank of India (RBI) has urged the directors of Urban Co-operative banks (UCBs) to enhance governance practices to ensure stability. RBI governor Shaktikanta Das highlighted the importance of a professional Board of Management and emphasised the need to strengthen compliance, risk management, and internal audit. He also called for proactive asset liability management and improved liquidity risk management.

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BNPL firms tighten underwriting norms, change lending criteria

CFO News

BNPL companies are adopting multi-faceted strategies to address challenges, including leveraging data analytics teams and AI-driven risk assessment models to enhance the accuracy of credit evaluations.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.