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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A technology survival guide for resilience

Mckinsey and Company

Resilience means understanding the criticality of a business process, the capability of the underlying technology, the business impact if the technology fails, and the organization’s risk tolerance.

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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 245
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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 246
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8 Sins of a Manual Reconciliation

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

Business operations are getting increasingly complex, shareholders are demanding more, and your auditors are breathing down your neck like never before. In this high-pressure environment, it’s important to remember that reconciliation activity is your last line of defense against financial fraud and errors. Insisting on a manual process to handle month-end reconciliations is a risky endeavor that places an undue burden on your accounting team.

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Homelessness in Los Angeles: A unique crisis demanding new solutions

Mckinsey and Company

LA’s homelessness crisis is unlike any other. Solutions should be fact-based and mindful of diverse journeys of those experiencing homelessness—and businesses have a role in resolving the crisis.

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More Trending

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Online sales and subscriptions will shape tomorrow’s car financing journey

Mckinsey and Company

New tech and emerging trends will enable consumers to move toward a more complete online car-buying experience.

Finance 210
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Banking turmoil may trigger recession: Fannie Mae

CFO Dive

Small- and mid-size banks will likely tighten credit in the coming months, increasing the odds of a downturn this year, economists said.

Banking 244
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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.

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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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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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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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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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Chit Chat: Elevating the Month-End Close Process Through Automation – Lancaster Leaf

Speaker: Raul Perez, VP and CFO of Lancaster Leaf

Lancaster Leaf Tobacco Co Inc. is a subsidiary of Universal Corporation, the leading global leaf tobacco supplier. Lancaster Leaf supplies virtually all the major cigar manufacturers in the U.S. with filler, binder, and wrapper, and exports filler, binder, and wrapper to international cigar manufacturers. This all could mean a complicated month-end close - before automation.

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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!

Banking 52
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Consolidation Solution Checklist

Finally, a solution for all. The need for a consolidation engine varies from one organization to the next. Mid-market companies have been forced to rely on standalone Excel and Tylenol for too long. Download the checklist to see if it’s a consolidation solution that’ll get rid of those darn headaches.

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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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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

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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.

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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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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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Live Demo: Bring Magic to Your Month-End Close

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, almost like magic! 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 au