Wed.Feb 07, 2024

article thumbnail

CEO, CFO compensation clawback helps tech firm skirt SEC fine

CFO Dive

Cloopen Group avoided civil penalties after cooperating with the agency and taking remedial steps despite an accounting fraud scandal that triggered SEC charges.

CFO 247
article thumbnail

RBI holds repo rate steady at 6.5%, forecasts 7% GDP growth and 4.5% Inflation for FY25

CFO News

The RBI maintains another pause and keeps the rates unchanged at 6.5 per cent in the monetary policy which began on February 6 and concluded on February 8.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Profit is the ‘high value’ IPO ticket, NetSuite execs say

CFO Dive

As the IPO market recovers, investors are putting a premium on companies that have demonstrated stable profitability.

Marketing 271
article thumbnail

A Modern Nonprofit Podcast: A Different Approach to Earned Income for Nonprofits

The Charity CFO

John Renouard is the founder and executive director of the nonprofit organization, WHOlives. Like many nonprofit entrepreneurs, John’s career path wasn’t centered around becoming a 501c(3) director. For him, the journey truly started after he became curious about his son’s humanitarian and missionary work in Africa. The curiosity drove him and his wife to travel extensively through Mexico, Central America, and South America before diving deeper into exploration with a trip to Africa.

article thumbnail

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!

article thumbnail

Earnings season CFO moves pile up: Prudential, H&R Block

CFO Dive

Announcing CFO exits and entrances during earnings season can pave the way to a smooth transition — but there can be down sides.

CFO 194

More Trending

article thumbnail

Will Sitharaman’s ‘fiscally prudent’ Budget prompt RBI’s MPC to make moves, re-adjust stance?

CFO News

RBI MPC Meeting: RBI's rate-setting panel, known as the Monetary Policy Committee (MPC), is expected to keep the repo rate unchanged at 6.5 percent. Economists predict that there may be a change in stance from 'withdrawal of accommodation' to 'neutral'. According to an ET Poll of 12 economists, significant rate adjustments are not expected. However, some economists suggest that a fiscally prudent budget and global monetary easing could influence the central bank to adjust its stance on liquidity

article thumbnail

Cube lands a spot on G2’s 2024 Best Software Product Awards list for Accounting & Finance Products

Cube Software

G2 awarded Cube a spot in the Best Software 2024 list! Thanks to positive feedback from customers, we ranked as a top 50 Accounting & Finance product.

article thumbnail

RBI projects 7% GDP growth for FY25 as economy stays resilient

CFO News

Recovery in rabi sowing, sustained profitability in manufacturing and underlying resilience of services should support economic activity in 2024-25, RBI governor Shaktikanta Das said.

article thumbnail

The Mentoring Round | Rachel Stack, CFO, Cologix

CFO Thought Leader

972: Recalibrating Your Strategic Lens | Rachel Stack, CFO, Cologix, Inc. The post The Mentoring Round | Rachel Stack, CFO, Cologix appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

CFO 40
article thumbnail

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.

article thumbnail

Monetary Policy: RBI sees CPI inflation falling below 5% in FY25

CFO News

Assuming a normal monsoon next year, CPI inflation for 2024-25 is projected at 4.5 per cent with Q1 at 5.0 per cent; Q2 at 4.0 per cent; Q3 at 4.6 per cent; and Q4 at 4.7 per cent, RBI governor Shaktikanta Das said.

52
article thumbnail

At the Money: Stock Picking vs. Value Investing 

Barry Ritholtz

 At the Money: Stock Picking vs. Value Investing with Jeremy Schwartz, Wisdom Tree. (February 7, 2024) How much you pay for stocks really matters. Should value investing be part of that strategy? To find out more, I speak with Jeremy Schwartz, Global Chief Investment Officer of WisdomTree, leading the firm’s investment strategy team in the construction of equity Indexes, quantitative active strategies and multi-asset Model Portfolios.

article thumbnail

CDSL reviews Paytm Money's KYC process

CFO News

Paytm Money, the wealth management entity run by One 97 Communications, is being inspected by the Central Depository Services India. Earlier, RBI asked Paytm Payments Bank to stop banking services from the end of this month. However, this order does not have any direct impact on Paytm Money, which operates independently.

article thumbnail

Navigating treasury trends in 2024: challenges, strategies, and the role of technology

Future CFO

The year 2024 brings a landscape of unprecedented challenges and opportunities for corporate treasurers. From the ongoing global conflicts to the lingering effects of high inflation, corporate finance professionals are gearing up to navigate an environment marked by volatility and uncertainty. Delving into the key trends shaping the treasury landscape in 2024, the focus is on themes such as staffing challenges, macroeconomic risks, technology adoption, and strategic financial management.

Treasury 105
article thumbnail

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.

article thumbnail

No delay in white goods PLI disbursement: Govt

CFO News

The Commerce and Industry Ministry said applications of specific companies seeking incentives under the production-linked incentive (PLI) scheme for white goods (AC and LED lights) are currently under scrutiny, and there are no delays in disbursement. According to the ministry, 13 foreign-owned companies, including Daikin, Panasonic, Mitsubishi, Hitachi, Nidec, LG, and Met Tube, have pledged to invest Rs 2,090 crore, accounting for approximately 30% of the total committed investments.

article thumbnail

IRS to collect $561B more in tax revenue with new enforcement funds

CFO Dive

The Treasury highlighted the payoff from stepped up funding for IRS enforcement as Republicans seek to cut the agency budget.

Treasury 298
article thumbnail

Ather CFO Deepak Jain to step down, Sohil Parekh named successor

CFO News

The change was announced by chief executive Tarun Mehta in an internal communication to employees. Jain worked at Ather for over four years, where joined after a stint at background checking software firm First Advantage.

CFO 52
article thumbnail

CTOs in limelight as India Inc scrambles to navigate rapid digitalisation

CFO News

Companies across sectors, from startups and banking, financial services and insurance to technology, conglomerates, manufacturing and healthcare are scouting for experienced talent to drive technology strategy, innovation, transformation and operational efficiencies in a fast-evolving digital landscape.

article thumbnail

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.

article thumbnail

Advent looking to deploy $5 to $10 billion in India over the next five years

CFO News

Advent International believes that Indian valuations are not a barrier to making deals, as they are relative to growth opportunities and risk returns. The firm views the premium valuations in India as a reflection of the significant growth opportunities and the relative attractiveness of the market. Last year alone, it invested $7 billion in new opportunities ranging from cybersecurity to pharma, but more importantly, realised $8.4 billion via exits — higher than their previous five-year average

article thumbnail

Retail inflation is within tolerance band: Finance Minister Sitharaman

CFO News

FM Sitharaman said that, as far as concerns regarding the International Monetary Fund’s report enumerating the debt-to-GDP ratio is concerned, it must be taken into context. “This is what has been enumerated for an ‘extreme worst-case scenario’, and is not fait accompli,” she said. She added that Centre’s measures towards debt structuring and core debt would keep the situation under control.

Finance 52
article thumbnail

NCLT issues notice to Byju’s in insolvency case filed by a BPO service provider

CFO News

Teleperformance alleges that Byju has defaulted on payment of Rs 4.82 crore, excluding Rs 21 lakh interest to the company in lieu of business process outsourcing services provided by the company.

52
article thumbnail

Financial Services Secretary Vivek Joshi states RBI primed to handle Paytm issue

CFO News

Financial Services Secretary Vivek Joshi clarified that the Reserve Bank of India (RBI) actions against Paytm fall under the RBI's jurisdiction, distancing the government from involvement. The RBI imposed restrictions on Paytm Payments Bank Ltd (PPBL), prompting concerns about financial stability. Joshi addressed FDI scrutiny and reassured customers about PPBL's size relative to systemic stability.

article thumbnail

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.

article thumbnail

RBI steps up auctions to drain liquidity

CFO News

Over the past four days, the RBI has carried out six rounds of short-term variable rate reverse repo (VRR) auctions that help mop up surplus funds from the banking system.

Banking 52