Mon.Jun 05, 2023

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Increase in ransomware cases in banks, RBI tells Parliamentary panel

CFO News

Rbi: Sharing the details of the meetings, Sinha said India is seen as a leader in digital innovation and digital inclusion.

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Job creep reroutes path to CFO seat

CFO Dive

As the path to the CFO seat branches off from the traditional accounting lane, questions about how to find — and train — the next generation of financial leaders are emerging.

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Trending Sources

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Black Swans, Stock Market Crashes and the Chaos Kings

The Reformed Broker

On this special episode of Live from The Compound, Scott Patterson, Financial Journalist and Wall Street Journal Reporter, joins Michael Batnick and Josh Brown to discuss Scott’s new book, Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis. Follow Scott on: Twitter Book. The post Black Swans, Stock Market Crashes and the Chaos Kings appeared first on The Reformed Broker.

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Tight credit to trigger recession in final half of 2023: Moody’s

CFO Dive

The U.S. service sector stalled last month, the Institute for Supply Management said Monday, adding to signs of a potential downturn in the months ahead.

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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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10 Monday AM Reads

Barry Ritholtz

My leaving-on-vacation , morning plane reads (see you in 10 days!): • There’s No Easy Exit for Companies Backed by PE and VC : Verdad Advisers’ Dan Rasmussen argues that rising debt costs, compressed margins, and negative cash flow make for a “pretty scary” picture of the health of private companies. ( Institutional Investor ) • Hedge Funds at War for Top Traders Dangle $120 Million Payouts : Paid sabbaticals, huge signing bonuses are among tools being used, as clients foot the bill in chase for

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More Trending

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Home First Finance CFO aims 30% AUM growth in FY24, plans over Rs 3,000 crore fundraising

CFO News

Nutan Gaba Patwari expects a 30 per cent AUM growth in FY24 and plans to raise more than Rs 3,000 crore. She expects the company's cost of borrowing to climb by another 30-40 basis points in the next two quarters, and hopes to keep the bad loans ratio at current levels with no significant deterioration in asset quality.

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Cybercriminals target C-suite, family members with sophisticated attacks

CFO Dive

A study by BlackCloak and Ponemon shows senior executives are being targeted for IP theft, doxxing and extortion, often through home office networks.

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ICAI not probing BharatPe’s financials as of now: President Aniket Talati

CFO News

His comments presume significance as BharatPe’s statutory auditors, Deloitte, have raised concerns about the company’s internal controls in the annual report for the financial year 2021-22.

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The Latest In Financial #AdvisorTech (June 2023)

Nerd's Eye View

Welcome to the June 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that Riskalyze has completed its previously-announced rebranding, and will now be known as “Nitrogen”, a ”growth platform” for advisory firms – which represents less of a shift

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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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Baring, Blackstone, 3 others in fray to acquire Indira IVF

CFO News

Founded in 2011 by Murdia, Indira IVF is India's largest fertility clinic chain, with 114 centres, supported by a workforce of over 2,400. It performed more than 40,000 in vitro fertilisation procedures in 2022. The clinic chain posted revenue of ₹1,250 crore in FY23 at an ebitda of ₹375-410 crore, said people aware of the matter.

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CFO Corner: Tiziano Ceccarani, Mundys

Global Finance

Global Finance Magazine - Mundys' CFO Tiziano Ceccarani sat down with Global Finance to discuss the challenges of the pandemic and going private.

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RWM is Austin Bound — Last Call!

Barry Ritholtz

RWM is coming to Austin, TX June 12th-14th @Downtown with more details Email us at info@ritholtzwealth.com subject line “Austin” to reserve a meeting slot! pic.twitter.com/9iSdG4HFf3 — Ritholtz Wealth (@RitholtzWealth) May 19, 2023 Hey Y’all ! We’re coming to Texas to celebrate the opening of RWM Austin! We only have a few slots left to meet with prospective clients — if you would like to learn more about being a client of Ritholtz Wealth Management, this is your ch

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I was brought in to transform, take tough decisions: Wipro CEO Thierry Delaporte

CFO News

In an exclusive interview with ET’s Sai Ishwarbharath, Romita Majumdar and Surabhi Agarwal, Delaporte said the company is taking bold bets and decisions in order to “transform.

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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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Jedox platform release 2023.2 elevates comparison

Jedox Finance

Paul Meresanu, Director Product Management, Jedox The core of performance management is comparison. Many finance professionals are skilled at comparison via reviews of Excel spreadsheets, tabular data, or even formatted balance sheets. For professionals in other departments within an organization who lack proficiency in Excel, evaluating performance, understanding trends, and gaining insights is often an insurmountable task.

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OnePlus, Realme, Oppo to go separate ways as parent BBK looks to de-risk India business

CFO News

BBK Electronics Corp, China’s largest smartphone maker, has made three of its biggest brands in India - Oppo, OnePlus and Realme - separate entities with sales accounted for in their own books, as it seeks to de-risk its business from future government action against Chinese companies. BBK has transferred sales and distribution of OnePlus and Realme into their legal entities.

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Welcome David Benner

Focus CFO

We are pleased to announce that David Benner has joined our Upstate South Carolina FocusCFO team as an Area President. David Benner helps connect businesses with the financial guidance and support they need to grow to the next level. With over 30 years of multifaceted experience in various areas of business development, startups, administration, manufacturing, and technical equipment sales and distribution, David brings a diverse skill set that will undoubtedly benefit our clients.

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Byju’s sues TLB lender Redwood, says won’t make any further payments on $1.2 billion loan

CFO News

In its suit, Byju’s sought to “disqualify” lender Redwood, which allegedly has taken on “predatory tactics”, and consistently increased its exposure by acquiring a sizable stake in the TLB with the intent of making windfall gains, the company said in a statement on Tuesday morning.

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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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The CFO role: What are the latest changes?

Future CFO

The CFO role continues to evolve, with the new generation of finance leaders driving broader view of business performance and purpose, said ACCA recently. New research by ACCA (the Association of Chartered Certified Accountants) and BDO has revealed how the role of the CFO is growing to include driving business decisions and reporting on the non-financial areas of their operations, ACCA pointed out.

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Go First seeks DGCA nod to restart operations with 22 aircraft

CFO News

Go First expects the civil aviation regulator’s approval for the plan within a week, according to people with knowledge of the matter. The carrier outlined its business plan till November saying that it intends to restart with military charter flights, followed by commercial operations. ET has seen a copy of the plan. he carrier suspended flights on May 3.

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The Main Reasons Why You Should Consider Converting Crypto to Real Money

Financial Analyst Insider

Trading crypto is a widespread option to make money on the Internet. To facilitate the conversion of cryptocurrencies, individuals can utilize a crypto coin calculator, The post The Main Reasons Why You Should Consider Converting Crypto to Real Money appeared first on Financial Analyst Insider.

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Agents may boycott Go First over lack of clarity on refunds

CFO News

"Individual customers are going to get caught in this (process of getting back their money) and it is going to take some time. If the precedent is Jet Airways, we know how long that took," said Madhavan Menon, chairman of Thomas Cook (India). "Anyone who has a (Go First) booking with us has got to follow a refund process, which has also not been fully defined as yet.

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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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Regent Assay advises Star Live on its fundraising from Private Equity

Regent Assay

STAR LIVE SET FOR NEXT STAGE WITH PRIVATE EQUITY INVESTMENT Star Live, the specialist production agency that delivers live events and specialist build solutions, has secured a significant investment from private equity. Star Live was responsible for the bespoke stage, grandstand seats and Royal Box at last month’s Coronation Concert. The company has delivered other major projects at events including the 2020 Olympics in Tokyo, the 2022 Commonwealth Games in Birmingham, BST Hyde Park and the Plat

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EPFO looks to increase equity investments

CFO News

The retirement fund body will soon approach the finance ministry to seek its clearance for investing the proceeds from ETFs in any permissible asset class to maximise returns. A proposal in this regard was approved by EPFO's central board of trustees in the last week of March, as per the minutes of the meeting where they made the decision. ET has seen the minutes. "It is proposed that proceeds of ETF investments may be re-invested in equity and related instruments which will increase the equ

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Welcome Verlin Horn

Focus CFO

Verlin Horn has joined the FocusCFO team in Columbus Metro. Verlin has over 35 years of experience in finance, operations, and accounting. He has worked with both large corporations and small to mid-sized businesses, including running a family-owned business. His experiences include improving financial reporting, implementing automation and technology upgrades for efficiencies, cost reduction projects, and mergers and acquisitions.

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Step aside China: This decade belongs to India, says report

CFO News

China has seen a prolonged phase of economic boom over the last few decades, but it is now losing its comparative advantage and companies are looking elsewhere to shed over-reliance. With this, the time is conducive for India and Southeast Asia to emerge as the new 'flying geese' in Asia and usher in a new era of strong growth this decade.

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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.