Thu.Oct 26, 2023

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Intra-Group Financing and Enterprise Group Insolvency: Problems, Principles and Solutions

Corporate Finance Lab

‘ Entity separateness should not result in complete entity insulation ‘ Ilya Kokorin 1. Economic and legal realities of corporate groups The enterprise group is one of the primary forms of organising economic activity. In fact, virtually every major firm is organised as a group. From early precursors of business groups, such as the Medici system of partnerships of the 15th-16th centuries and the European colonial trading empires of the 17th centuries (e.g.

Finance 85
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Gensler says SEC aims to avoid overreach on climate risk rule

CFO Dive

The SEC chief has come under fire for proposing that companies release data on the greenhouse gas emissions by their suppliers and customers.

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Trending Sources

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IPO rush: Is it about building a business?

CFO News

India may cross 100 IPOs by the end of this year. Why is everyone jumping on the IPO bandwagon today? Is it that the companies have no choice but to look at the IPOs as an alternative to exit? The timing of these IPOs may also be influenced by various factors. Here is my view.

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What businesses can learn from the F-35B fighter jet failure

CFO Dive

When planning complex projects, it’s important to focus on their core purposes without adding nonessential features, project management expert Dr. Te Wu writes.

Planning 251
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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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Migros upgrades to ION’s new Wallstreet Suite solution and migrates to the ION Cloud

Reval

LONDON – 26 October 2023: ION Treasury, a global provider of treasury and. The post Migros upgrades to ION’s new Wallstreet Suite solution and migrates to the ION Cloud appeared first on ION.

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Navigating Financial Disasters

Barry Ritholtz

Earlier this year, I gave my first presentation since the pandemic began. I discussed all of the many ways we hurt ourselves financially, specifically, the focus was on the 3 biggest mistakes high net-worth people make. I got lots of good feedback about the presentation, but my favorite note from someone in the room was: “ Thanks for identifying these issues, but how do I navigate them ?

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Straddling the CFO, COO divide: Brex

CFO Dive

As C-suite responsibilities change, the gap between roles such as the CFO and chief operating officer is narrowing.

CFO 268
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CFOs increase focus on ESG, survey says

Future CFO

Chief financial officers are indicating a substantial increase in focus on ESG programs, according to an annual survey by global business consulting firm Protiviti. The Global Finance Trends Survey reveals that the pressure to implement and report on organisation-wide ESG programs has intensified for finance leaders, as 60% said they are ranking ESG metrics as one of their top priorities.

Finance 52
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Solo Brands CFO to exit

CFO Dive

Somer Webb will step down on Dec. 10 and be replaced in the interim by Andrea Tarbox as the company begins a search for a successor.

CFO 146
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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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Jindal India throws its hat in the ring for Future Enterprises by submitting debt resolution plan

CFO News

Jindal (India) has submitted a debt resolution plan for Future Enterprises under the Insolvency and Bankruptcy Code (IBC) process. The company will be against Reliance Retail, which has sought time till October 30 to decide if it wants to bid for Future Enterprises.

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Major cybersecurity trends in 2024

Future CFO

Major cybersecurity trends in 2024 would centre around AI, hactivism, and weaponised Deepfakes. According to Check Point Research (CPR) , there’s an 8% increase in global weekly cyberattacks in the second quarter, marking the highest volume in two years. Familiar threats such as ransomware and hacktivism have evolved, with criminal gangs modifying their methods and tools to infect and affect organisations worldwide, CPR said, adding that even legacy technology such as USB storage devices regaine

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Tech majors may reduce pay hikes by half as slump hurts

CFO News

Over the last three years, as per data by Xpheno, IT Service bellwethers have collectively increased compensation costs by 64%, while collective revenues grew by a little over 57%. This shows that the input cost is much higher than the output being generated.

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How to choose the best FP&A software

Centage

Whether your company is outgrowing a spreadsheet-only system, looking to migrate from your existing FP&A tools, or starting from scratch, purchasing FP&A software is no small undertaking. Setting aside the major issue of cost, there are many other factors to consider when vetting potential FP&A software. Evaluating financial forecasting software means understanding what it can do for you today, tomorrow, and well into the future.

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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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RIL Q2 Preview: A mixed bag seen with solid profit growth & subdued revenues

CFO News

RIL Q2 Preview: Net profit for the September quarter is likely to show a solid growth of around 25% year-on-year, according to an average estimate of three brokerages. Revenue from operations, however, is likely to grow marginally (2-3%) or even decline by 2% to 2.25 lakh crore.

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FCF Valuation Monitor – Q3 2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Valuation Monitor – Q3 2023”. The FCF Valuation Monitor is a comprehensive valuation analysis for the German small / midcap market segment and. Read more The post FCF Valuation Monitor – Q3 2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Tech majors seek 18 months for DPDP Act compliance

CFO News

In a letter addressed to ministers Ashwini Vaishnaw and Rajeev Chandrasekhar, the industry association has said that implementation of the provisions of the DPDP Act would require structural changes in organisations and businesses.

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Roles & Responsibilities in Finance | Doug Lindroth, CFO, Tealium

CFO Thought Leader

945: Achieving a Management Rapport | Doug Lindroth, CFO, Tealium MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software. The Planful platform, which helps businesses drive peak financial performance, is used around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and analytics.

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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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IPO-bound Honasa says its growth will build on flagship Mamaearth

CFO News

Alagh spoke to ET on the sidelines of the company’s press conference to announce the Rs 308-324 per share price band for its upcoming public issue. She said Mamaearth will focus on offline sales to fuel its next phase of growth, while other brands will retain their focus on online sales.

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • Americans, especially wealthy ones, are still spending big : Continued consumer spending — on travel, concerts, restaurants and more — is propelling economic growth beyond what many had expected. ( Washington Post ) • Your ‘Set It and Forget It’ 401(k) Made You Rich. No More. Stock-and-bond portfolios that worked for the past 40 years aren’t ready for what’s coming. ( Wall Street Journal ) see also What Did We Learn From the Last Bull Market?

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NCLT dismisses insolvency petition filed against Bajaj Hindusthan Sugar

CFO News

National Company Law Tribunal (NCLT) has dismissed an insolvency petition against Bajaj Hindusthan Sugar Limited, one of the top sugar producers in the country, according to an order posted on its website on Wednesday. The petition was originally filed by State Bank of India (SBI) in September last year, claiming that the sugar producer had defaulted on loans amounting to Rs. 5,000 crore.

Banking 52
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US economy accelerated to a strong 4.9% rate last quarter as consumers shrugged off Fed rate hikes

CFO News

The Commerce Department said the economy expanded last quarter at the fastest pace in nearly two years — and more than twice the 2.1% annual rate of the previous quarter. Thursday’s report on the nation’s gross domestic product — the economy’s total output of goods and services — showed that consumers drove the acceleration, ramping up their spending on everything from cars to restaurant meals.

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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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BFSI players stepping up hiring for entry-level roles

CFO News

There is a significant pick-up in hiring for frontline roles such as sales executives, tele-callers, customer care representatives and collection agents, driven by an increase in retail lending, festival demand, and a huge rural and semi-urban push, industry officials and staffing companies said.

Sales 52
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India poised to become USD 5 trillion economy; challenge is having 8-9 pc growth for next 3 decades: Kant

CFO News

Amitabh Kant has said that India will become a $5 trillion economy but the challenge for the country will be to grow at 8-9 per cent for the next three decades. Kant added that India's economy will have to grow at 10 per cent to catch up with China.

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ET Exclusive: Qualcomm, Tatas may 'locally package' new AI PC chips in India, says CFO Palkhiwala

CFO News

Qualcomm is collaborating with the Indian government and Tata Group to explore local packaging of its new PC chip. The company's CFO, Akash Palkhiwala, stated that Qualcomm has been working closely with the Prime Minister's Office and Tata Group to utilize manufacturing facilities in India.

CFO 52
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Centre notifies rules for selection, service for members, president for GST Tribunals

CFO News

The Indian government has issued detailed rules regarding the appointment and service of the president and members of the Goods and Services Tax (GST) Appellate Tribunal. The new rules state that the selection committee must provide at least two recommendations for each vacancy, after a thorough assessment of eligible candidate. According to the notification, the president and members of the GST Appellate Tribunal will receive a monthly salary of Rs 2.25 lakh.

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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.