Fri.Feb 23, 2024

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SEC charges husband for insider trading on wife’s deal-making for BP

CFO Dive

A Houston resident overheard merger negotiations by his wife, a former BP employee, and engaged in insider trading, the SEC alleged.

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How ERP Supports Lean Management Manufacturing

Navigator SAP

There are many ways to drive profitability in manufacturing, but one of the most widely used is the lean manufacturing methodology which focuses on cutting unneeded processes for a focus on what really matters for production. The use of a manufacturing execution system in resource planning, specifically an enterprise resource planning solution (ERP), helps manufacturers achieve the goals of a lean approach.

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Lufthansa CFO to step down amid board reshuffle

CFO Dive

The airline is overhauling its executive leadership team in the face of repeated labor strikes by its ground staff in its home country of Germany.

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Weekend Reading For Financial Planners (February 24-25)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that while both the total number of RIAs and advisor headcount have seen significant gains in recent years, client assets remain concentrated among the largest firms, according to data from Cerulli Associates, with the 7% of RIAs with at least $1 billion of AUM managing 71% of total RIA assets.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Onetime CFO contender to leave Goldman

CFO Dive

Once seen as a top finance chief candidate, Beth Hammack is reported to be exiting Goldman Sachs after 30 years.

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More Trending

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MCA asks Sebi to share details on Zee, could summon Puneet Goenka

CFO News

The ministry's preliminary probe had found appropriation of ZEEL's fixed deposits (FDs) by Yes Bank, for squaring off loans of related entities of Essel Group. ZEEL is part of the Essel Group promoted by Subhash Chandra and his family.

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3 Cash Flow Optimization Techniques for Small Businesses

CFO Share

In your journey as a small business owner, mastering cash flow management is more than crunching numbers; it’s the lifeblood that determines whether your dream thrives or just survives. Picture your business not just balancing the books, but flourishing—growing steadily and resiliently in the face of challenges. Effective cash flow management isn’t just about numbers; it’s about empowering your business with the financial ability to take on new opportunities and gracefully weather any stor

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Go First liquidation a possibility; lowballed banks may seek better offer

CFO News

SpiceJet consortium and SkyOne are frontrunners in the race for Go First as of now. Lenders may ask bidders to improve offers in the resolution process for the airline. Lack of information has hampered bid conditions. Previous attempt to sell failed due to lack of information and protracted delays.

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Unsecured retail loans building up stress in financial system

CFO News

Indian banks are facing a hidden threat in their unsecured credit portfolios, with banks like IndusInd Bank, Bandhan Bank, and Yes Bank showing signs of stress. Despite strong earnings and reduced bad loans, the increase in unsecured loans could lead to a rise in bad loans in the future. The RBI has taken measures to control this, including increasing risk weights for unsecured loans.

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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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Adani in talks with Hong Kong-based Plaza Premium Group for airport lounge JV

CFO News

Adani Airports is in talks with Plaza Premium Group to run airport lounges in India through a joint venture, aiming to elevate hospitality standards. Adani Airports is India's largest airport infrastructure company, while Plaza Premium Group has an international footprint at 80 airports in 30 countries.

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RBI takes more actions on Paytm Payments Bank; Check details if you have @Paytm UPI handle

CFO News

The Reserve Bank of India (RBI) has taken steps to ensure seamless digital payments for UPI customers using the @paytm handle, as Paytm Payments Bank won't accept further credits after March 15, 2024. The RBI advises NPCI to examine Paytm's request to become a Third-Party Application Provider for UPI. @paytm handles must migrate seamlessly to newly identified banks to avoid disruption.

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FMCG companies roll out online-first items for mass market

CFO News

FMCG companies are targeting the mass segment by launching digital first products at lower prices due to the growth of e-commerce. This shift includes companies like Parle Products, Emami, Dabur, and Hindustan Unilever (HUL), driven by the need to reduce online costs and increase volume sales.

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Hotels demand 5% GST for restaurants operating from within the premium hotel premises

CFO News

Presently hotels having room rates exceeding Rs 7500 have to pay 18% GST on its food and beverage services too

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Tax payout for domiciling to India is high but we have accounted for it: Razorpay CEO

CFO News

“We are at least two years from an IPO. Before that we want other parts of our business to break even and be profitable on all fronts. Our (online) payments business is break-even,” said cofounder & chief executive Harshil Mathur.