Tue.Aug 01, 2023

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Digital Currency Group taps Goldman alum for CFO

CFO Dive

Mark Shifke steps into the company’s top finance seat as it wraps up bankruptcy proceedings for one of its subsidiaries amid sharpening regulatory scrutiny of the crypto space.

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Round Trip

Barry Ritholtz

After a monstrous 68% recovery from the March 2020 pandemic low, and another nearly 30% gain in 2021, markets decided to have one of their all-too-regular spasms. Blame whatever you want – Too far, too fast? End of ZIRP? Too rapid rate increases? – but the giveback off the highs was substantial: S&P 500 was down ~23%, Russell 2000 was off 27%, and the Nasdaq 100 came down 32%.

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Trending Sources

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Rein in shadow IT without stifling workers: Zylo

CFO Dive

Rather than imposing a flat ban on employee-led software purchases, companies should consider putting the right controls in place, says Zylo’s Ben Pippenger.

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Aditya Birla Group company buys KA Hospitality

CFO News

Aditya Birla Group's hospitality arm, Aditya Birla New Age Hospitality (ABNAH) has acquired a 100% stake in KA Hospitality Private Limited (KAH), the company that owns the home-grown brand CinCin and franchise rights of the other three global restaurant brands.

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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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CBRE sees office vacancy peaking at 19.7% next year

CFO Dive

The office slump is giving budget-conscious tenants more clout as rents are softening — even in pricey markets like San Francisco and Boston.

Budgeting 201

More Trending

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Banks plan to tighten credit: Fed

CFO Dive

Despite greater caution among banks, economic growth accelerated during the second quarter.

Banking 244
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Top 50 wilful defaulters owe Rs 87,295 crore to banks: Finance ministry

CFO News

The finance ministry on Tuesday said top 50 wilful defaulters including Gitanjali Gems Limited, Era Infra Engineering Limited, REI Agro Limited, and ABG Shipyard Limited owe Rs 87,295 crore to banks and financial institutions. Of this, top 10 wilful defaulters owe Rs 40,825 crore to schedule commercial banks (SCBs), Minister of State for Finance Bhagwat Karad said in a written reply in Rajya Sabha.

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Was July full of good news? Not exactly.

Tips Watch

By David Enna, Tipswatch.com After a long journey home Monday — flying from Budapest to Munich and then on to Charlotte — I am just about ready to rejoin the real world. But with jet lag.

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GST collections jump 11% YoY at Rs 1.65 lakh crore in July: Finance Ministry

CFO News

The GST revenues have remained above Rs 1.4 crore mark for 15 months in a row now.

Finance 98
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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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How To Sell Your House Fast In Bristol

Financial Analyst Insider

If you’re in the market to sell your home in Bristol, the process might initially seem daunting. From selecting an estate agent to making your The post How To Sell Your House Fast In Bristol appeared first on Financial Analyst Insider.

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Bad bank’s twin structure now seen as a bad asset

CFO News

Under the twin structure, National Asset Reconstruction Company Ltd (NARCL) — the state-backed bad bank — acquires and aggregates bad loans from lenders while another organisation, India Debt Resolution Company Ltd (IDRCL), acting parallelly as a private sector entity, focuses on resolution of the non-performing assets for enhancing the value of the loans and finding a better suitor for the troubled borrowing company.

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What is Peer-to-Peer (P2P) Lending? How it Works

Financial Analyst Insider

Peer to Peer lending is a special type of lending in which individuals go through the lending process by using online platforms or software without The post What is Peer-to-Peer (P2P) Lending? How it Works appeared first on Financial Analyst Insider.

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Indians spent over Rs 5,000 cr on cosmetics in last six months, sector may gain as more women go to work: Study

CFO News

Indian buyers spent over ₹5,000 crore on more than 100 million cosmetic products in the last six months, with 40% making purchases online, according to Kantar Worldpanel's initial study on the industry in India. The data suggests working women who buy both online and offline spend 1.6 times what average consumers pay.

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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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What I Wish I Knew Before Getting Started With Power BI

Collectiv

For many enterprises, Power BI is the key to streamlining their data modeling and visualizations. This robust tool offers a huge array of reporting possibilities. But for brand-new users, it’s pretty overwhelming. The sheer complexity of Power BI means that many teams struggle to get started with the tool. However, once you get past this initial challenge, Power BI presents so many exciting features to help you save time and gain new data insights.

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Tesla's Chinese vendors may get to Make in India

CFO News

Tesla has expressed interest in bringing its own supply chain ecosystem to India. "In-principle, if there is any critical parts vendor that needs to be brought, it can be considered. However, no tax incentive can be given to one company," said a person in the know.

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#FA Success Ep 344: Scaling To $5B By Going Narrow And Deep Across Multiple Business Segments At Once, With Brad Barrett

Nerd's Eye View

Welcome back to the 344th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Brad Barrett. Brad is the Managing Director and Partner of One Capital Management, an independent RIA based in Westlake Village, California, with locations across the country, that oversees $5.3 billion in assets under management for more than 2,000 client households.

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US investment firm Vanguard slashes Ola’s valuation again by more than 50% to $3.5 billion

CFO News

The valuation cut comes at a time when a number of headline investors in multiple Indian startups have done the same, amid a global rout across public and private technology markets.

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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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FCF Biotech Venture Capital Monitor – USA 06/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Biotech Venture Capital Monitor – USA 06/2023”. The Monitor is a monthly published overview of venture capital trends in the US-Biotech sector. As. Read more The post FCF Biotech Venture Capital Monitor – USA 06/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Top companies lead in bridging IT's gender gap

CFO News

The share of women employees across the top five IT companies stood at 34.1% at the end of the first quarter of 2023-24, up from 31.7% as of the first quarter of 2017-18, Xpheno data showed.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: McDonald’s, Qualcomm & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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RBI sends fresh draft to ESMA on CCIL oversight, said to hold firm

CFO News

“The RBI sent a draft to the ESMA in the first week of July, there are some dilutions in the language, but they have not made any relaxations on the sticking point, which is the right to audit, inspect and potentially levy fines on the CCIL,” a source aware of the development said.

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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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Female leadership in finance: Closed doors lead to exciting opportunities

Future CFO

Editor’s note: Have you ever had any regrets from unrealised dreams? Clodagh Farrell (pictured), Vice President and Chief Financial Officer, Asia Pacific, Middle East and Africa, DXC Technology , once dreamt to become a dress designer, but financial constraints back then drove her to choose business and finance, which eventually opened up a huge world filled with exciting opportunities.

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CBIC restricts IGST refund for export of pan masala, tobacco, mentha oil from Oct 1

CFO News

The Central Board of Indirect Taxes & Custom (CBIC) has imposed restriction on automated refund of Integrated Goods & Services Tax (IGST) for companies engaged in manufacturing pan masala, gutkha, chewing tobacco and mentha oil from October 1.

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How to Make Your Annual Budget Process More Efficient and Collaborative 

Centage

Getting ready for budget season is a big task. If you don’t handle it effectively, you can struggle through the process to create a workable budget. It can affect the company’s performance all year long. Budgeting probably won’t be fun. Leaders would most likely rank “budget season” far down on the list of favorite times of the year.

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Rating firms flag concerns over surge in unsecured loans

CFO News

As per the data for large NBFCs ( assets under management or UM of Rs 10.3 lakh crore as of March 2023), the AUM grew 19% yoy in FY23, compared to 3.3% and 9.6% in FY21 and FY22, respectively. "The revival in pent-up demand, which was dormant during the pandemic, led to the robust growth in the portfolio of NBFCs, despite the headwind of higher interest rates" India Ratings said in a report.

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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.