Fri.Mar 24, 2023

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Who is Amrita Ahuja, the Indian-origin CFO of Block named in Hindenburg report?

CFO News

Hindenburg report accused Indian-origin CFO of the company, Amrita Ahuja, of liquidating millions of dollars in equities during the pandemic as the firm's price climbed on the strength of its facilitation of fraud.

CFO 52
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Ally Financial taps Goldman vet for CFO seat

CFO Dive

Ally’s current finance chief, who has been serving on an interim basis since October, will return to his full-time role as corporate treasurer once the newly-appointed CFO arrives in July, the company said.

CFO 239
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How Life Sciences Businesses Should Prepare Financials for Scaling and Outside Funding

Navigator SAP

Developing a life sciences product and going to market is not easy. There’s the research and development, of course, but there’s also the business-building side.

Marketing 234
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CFOs key to shaping digitization efforts: study

CFO Dive

With technology teams overloaded, the discerning CFO’s hand is crucial to shaping company digitization efforts.

CFO 277
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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$100 billion Adani stock rout may make LIC start capping investments: Report

CFO News

After the Adani group lost over $100 billion in valuation post scathing allegations by U.S.-based Hindenburg Research, state-run LIC was criticized for having over $4 billion exposure to companies from the group.

More Trending

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Reliance Industries appoints Venkatachari Srikanth as CFO

CFO News

In a regulatory filing on Friday, Reliance Industry said the current CFO Alok Agarwal will be assuming the new role of Senior Advisor to the Chairman and Managing Director of the Company, where he will assist Mukesh Ambani on a wide range of strategic issues.

CFO 98
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Weekend Reading For Financial Planners (March 25-26)

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 CFP Board of Standards launched its 1st ad campaign, dubbed "It’s Gotta Be A CFP", following its transition to a 501(c)(6) organization. In a change from previous campaigns, the first ad directly recommends that consumers seek out a CFP professional for financial advice, and future ads could more directly explain the benefits of earning the CFP marks.

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Profitability and sustainability are two sides of a coin, believes FinTech leaders

CFO News

FinTechs are aggressively chasing profitability today, but are also missing out on the sustainability factor. Why are fintechs chasing profitability? What makes fintechs profitable? How can fintechs have sustainable business models amidst such high competition in the space?

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Debunking the Myth of Market Efficiency

CFA Institute

Market complexity transcends disciplines and cannot be entirely modeled out.

Marketing 108
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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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Guide to Best Practice for Treasury Talent Acquisition and Hiring

Treasury Talent

5Tips To Ensure Success In A Competitive Market The job market has never been more competitive for treasury talent at all levels. Compared to other core and more traditional accounting roles, treasury has evolved into a strategic resource within the finance function, and organizations are realizing the value good treasury talent brings to their operations.

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No more royal treatment for Indian arms of MNCs as govt doubles tax on royalty, fee for technical services

CFO News

Apart from hitting companies with parents in jurisdictions that do not have a tax avoidance treaty with India, the move also makes it possible for the government to impose the higher treaty rate of 15% on local arms of companies from the US, UK and other countries with whom India does have a tax treaty.

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Best Practice for Treasury Talent Acquisition and Hiring

Treasury Talent

5Tips To Ensure Success In A Competitive Market The job market has never been more competitive for treasury talent at all levels. Compared to other core and more traditional accounting roles, treasury has evolved into a strategic resource within the finance function, and organizations are realizing the value good treasury talent brings to their operations.

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Intel cofounder Gordon Moore, prophet of the rise of the PC, dies at 94

CFO News

Co-launching Intel in 1968, Moore was the rolled-up-sleeves engineer within a triumvirate of technology luminaries that eventually put "Intel Inside" processors in more than 80% of the world's personal computers.

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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.

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Jill On Money

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Jill Schlesinger, and Downtown Josh Brown discuss the Fed decision aftermath, unlimited FDIC insurance for banks, the SEC’s crypto crackdown, banning TikTok, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Banking 52
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Vedanta seeks RBI nod to give guarantees for $1-billion loan

CFO News

VRL is seeking funds to meet its upcoming debt obligations and has been engaged in talks with banks as well as private funds. VRL has $400 million of dollar bonds due in April and $500 million dollar bonds in May. It has another $1 billion bond maturing in January 2024.

Banking 52
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ONEtoONE has advised Localpack S.A. in the acquisition of Gatepharma Soluciones

One to One

The post ONEtoONE has advised Localpack S.A. in the acquisition of Gatepharma Soluciones appeared first on ONEtoONE Corporate Finance.

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UBS take over of Credit Suisse may impact less than 20% jobs in India

CFO News

"We could see a reduction of 15-20% of the headcount affecting about 3,000 people in India," Aditya Mishra, chief executive of CIEL HR Services, told ET. CIEL estimates that the two banks employ more than 16,000 people in India. News of the merger of the two largest banks in Switzerland to avert the collapse of Credit Suisse have made their employees jittery and experts said almost 40% of them are already looking out.

Banking 52
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Finding “The One:” The Ultimate Guide to Selecting Financial Software

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

As finance and accounting practitioners, you are expected to complete daily operations as well as to manage next generation tools and resources to support a business that is growing in complexity. Having the right software can be critical in juggling and meeting those high expectations. The path to the right software, however, is paved with challenging decisions.

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ONEtoONE has advised Cedig Iberia on the acquisition of 100% of Informàtica3

One to One

The post ONEtoONE has advised Cedig Iberia on the acquisition of 100% of Informàtica3 appeared first on ONEtoONE Corporate Finance.

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RBI approves merger of three L&T Finance Holdings units

CFO News

"The Scheme remains subject to various other statutory and regulatory approvals including inter alia approvals from the National Company Law Tribunal, other applicable authorities and the respective shareholders and creditors of the companies involved in the Scheme, as may be required," it said.

Finance 52
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ONEtoONE has advised KCM in the sale to the Italian group COLMEC SPA

One to One

The post ONEtoONE has advised KCM in the sale to the Italian group COLMEC SPA appeared first on ONEtoONE Corporate Finance.

Sales 52
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Storm clouds of food inflation and drum beats of recession continue this year: Nestle India CMD Suresh Narayanan

CFO News

The company's "steadfast focus" on building volumes, expanding in smaller towns and villages under its "RURBAN' strategy with innovations along with "astutely" managing value and simultaneously nudging the premiumisation trend that is driving economic recovery in parts and will fuel momentum, he said.

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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.

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Barclays I-Bank director Jayesh Visaria quits

CFO News

Jayesh Visaria, who's head of healthcare & consumer at I Banking at Barclays, quit the global Bank after a stint of 8 years. Along with an entrepreneur role, Visaria will work as an independent advisor to family offices and private equity funds, said sources.

Banking 52
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India to focus on 4 priority areas in first G20 trade, investment meet

CFO News

The meeting will be held from March 28-30 in Mumbai with participation from over 100 delegates from G20 member countries, invitee countries, regional groupings and international organisations. New Delhi has identified five priority issues—growth and prosperity, resilient global value chains, MSMEs, logistics, and WTO reform—under its G20 presidency.

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Government extends deadline for eighth oil and gas exploration licensing round amidst investor demands

CFO News

The eighth round under the open acreage licensing policy (OALP) was launched on July 7 last year, with a bid submission deadline of September 6. Since then, the deadline has been extended several times.

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Lok Sabha passes Finance Bill, set to tax investors heavily from April

CFO News

The Finance Bill, 2023 was passed in the Lok Sabha on Friday amidst sloganeering by opposition members for setting up a JPC in the Adani-Hindenburg issue. The Finance Bill 2023, gives effect to the financial proposals of the central government for the financial year 2023-24 to be taken into consideration.

Finance 52
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2024 Payroll Calendar Templates

These calendars provide pay period dates and paydays for biweekly, semi-monthly, and monthly payroll in 2024. Use them as a reminder or share with employees so they can celebrate payday.

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MSMEs on accelerated growth trajectory, lending concentrates in industrial states: Report

CFO News

The measures on formalization of MSMEs and adoption of digital platforms by lenders has enabled them to access granular data on enterprises and improved their confidence for lending, especially to the micro1 segment of MSMEs, informs the report.

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Lok Sabha disqualifies Congress' Rahul Gandhi after conviction in defamation case

CFO News

Rahul Gandhi, 52, a scion of the Nehru-Gandhi political dynasty, was convicted on Thursday for a 2019 speech in which he referred to thieves as having the surname Modi. The court granted him bail immediately and suspended the sentence for a month.

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Several minors get I-T notices as parents transfer money abroad

CFO News

Many affluent individuals transferring funds abroad to run bank accounts and acquire properties or stocks abroad under the Reserve Bank of India's Liberalised Remittance Scheme (LRS) use bank accounts of family members, including those of under aged children, to overcome the regulatory restriction. Since under LRS a resident individual can transfer a maximum $250,000 a year, money is pooled in from multiple bank accounts of the family.