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Bankrupt Celsius, investors clash over former CFO advisory role, allege double dipping

CFO Dive

Investors are taking steps to block Celsius from tapping former CFO Rod Bolger as a bankruptcy advisor, a bid that comes with a costly $92,000 monthly price tag for the insolvent company.

CFO 162
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What Co-founder tag means to Yulu CFO Anuj Tewari

CFO News

Every employee in Start-up is part of the founding team and has to contribute with the same passion and sense of ownership – the title is just a formalization of the same, says the co-founder CFO.

CFO 59
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HDFC bonds can't retain infra tag after merger: RBI

CFO News

"The RBI has communicated to HDFC Bank that there is a technical hurdle in giving the infrastructure tag to bonds issued by the former HDFC Ltd because those were issued by an NBFC (non-banking finance company) and norms for treatment of bonds are different for banks and NBFCs," a person close to the development told ET.

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953: Lessons From the Mobile Era | Rodrigo Brumana, CFO, Poshmark

CFO Thought Leader

CFO Rodrigo Brumana’s career journey began with a position as a computer programmer in Brazil. You can sell used products or you can sell new with tags, but the main thing is that it’s really fun. CFO Rodrigo Brumana’s career journey began with a position as a computer programmer in Brazil.

CFO 52
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RBI lens on payment firms seeking aggregator tag

CFO News

In the payments business, access to sensitive data needs to be monitored and many payment companies do not have such access controls, or do not maintain proper audit checks. The regulator wants fintechs to be serious about these aspects of business before they are issued a licence.

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Prosus may have promoter tag in Swiggy’s $1 billion IPO

CFO News

While Swiggy prepares to file its IPO papers, New Delhi-based wearables and audio accessory brand Boat is likely to reconsider its plan to make an IPO in 2024, people in the know of its plans said. In 2022, it had withdrawn its draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India citing market conditions.

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IL&FS moves NCLAT, seeks protection for group companies from wilful defaulter tag

CFO News

In its petition, IL&FS said it is aggrieved by the "blatant violation and disregard" of previous NCLAT orders by the banks. IL&FS also charged banks of taking procedural action under the garb of the RBI guidelines, and "harassing the Directors of the IL&FS companies"

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