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 250
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Trending Sources

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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 198
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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 288
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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

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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.

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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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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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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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How To Streamline Finance Operations Through Automation

Speaker: Claire Grosjean

In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.

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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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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!

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Empowering Business Travel: The CFOs Guide

Business travel is more than just a line item. It’s a strategic opportunity to align with your company’s goals and empower your employees. With 60% of employees dissatisfied with the ease of booking and modifying travel plans, there’s a significant opportunity to improve travel management. This one-pager explores how to transform travel into a powerful tool for organizational success.

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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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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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Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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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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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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Breaking New Ground: Managing Innovation Fatigue With Effective Automation

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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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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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.