Wed.Feb 07, 2024

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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.

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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.

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Trending Sources

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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.

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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.

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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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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.

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More Trending

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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

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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.

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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.

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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.

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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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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.

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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.

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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.

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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.

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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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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.

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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.

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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.

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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.

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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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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

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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.

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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.

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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.

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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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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.

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