Wed.Feb 14, 2024

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Krispy Kreme faces double-digit inflation in some costs: CFO

CFO Dive

The company is grappling with soaring sugar prices as the fight to keep inflation on a downward path remains an ongoing challenge for the Federal Reserve.

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Income Tax department issues notices to taxpayers for donations to unrecognized political parties

CFO News

The Income Tax Department has issued notices to taxpayers who made donations to political parties registered but not recognized by the Election Commission, for fiscal years 2021 and 2022. The notices under Section 80GGC of the Income Tax Act aim to investigate whether such donations were used for tax evasion and money laundering. Around 5,000 notices have been sent so far, targeting donations to about 20 unrecognised political parties.

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Trending Sources

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Want a remote accounting or finance gig? It could be your lucky year.

CFO Dive

The accounting and finance job category rose to take second place in FlexJobs’ 2024 ranking of the strongest fields for work-from-home roles.

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Need international cooperation to deal with AI, crypto challenges, says PM Modi

CFO News

Prime Minister Narendra Modi emphasized the need for inclusive, smart, clean, transparent, and green governments at the World Govt Summit in Dubai. He called for global cooperation on AI and cryptocurrency, highlighting ease of living, justice, mobility, innovation, and business. Modi stressed the balance between national sovereignty and international interdependence, addressing terrorism and climate change.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Lyft shares rise 35% after earnings report typo sparks confusion

CFO Dive

An “extra zero” added to a press release sent Lyft stock soaring. It subsided after clarification of the number but still closed at a 52-week high.

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More Trending

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IRS sues FDIC to get $1.45B in SVB back taxes

CFO Dive

The amount covers corporate income and employment taxes due between 2020 and 2023, but is an estimate because a review of the tax returns is ongoing, the IRS said. The FDIC has denied SVB’s entire tax claim.

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Bearish bets on HDFC Bank rise to record levels

CFO News

Total open interest, or outstanding positions, in HDFC's stock futures has surged by 115% to 4.19 lakh contracts - a record build-up - after its third-quarter results with most of them being short positions, said Ruchit Jain, lead research analyst at 5Paisa.com.

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The Mentoring Round | Eric Jenny, CFO, SOCi

CFO Thought Leader

974: Crafting Strategy in a Data-Driven World | Eric Jenny, CFO, SOCi The post The Mentoring Round | Eric Jenny, CFO, SOCi appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

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ED quizzes Paytm Payments Bank officials

CFO News

Paytm Payments Bank executives provided information and documents sought by the agency. ED has asked them to furnish more details by next week, sources said. The executives were summoned as “part of the procedure” that needs to be followed once a Fema investigation is launched.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Top Strategies for Middle-Market Private Equity CEOs

E78 Partners

CEOs of middle-market private equity sponsored companies face unique challenges when it comes to delivering growth, profitability, and cash flow while managing operations with limited resources. An effective enterprise-wide business performance management system can significantly enhance their ability to plan better and more strategically, execute with greater operational discipline, and improve decision-making to foster sustainable success.

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Cisco to lay off more than 4,000 employees, lowers annual revenue forecast

CFO News

Analysts expect demand for Cisco's products to remain under pressure, as clients in the telecom industry restrict spending, prioritizing clearing their excess inventory of networking gear.

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How a Fractional CFO Can Transform Your Financial Strategy!

CFO Network

How a Fractional CFO Can Transform Your Financial Strategy! A solid financial strategy is the key to success in the fast-paced business world. It’s not just about making money; it’s about managing it efficiently. One way to achieve this is by bringing a Fractional CFO (Chief Financial Officer) to your team. This blog will explore how a Fractional CFO can transform your financial strategy, helping you make informed decisions, optimize your resources, and drive your business toward gre

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Japan's economy slips into recession, raises BOJ policy uncertainty

CFO News

Japan's economy slipped into recession on weak domestic demand, raising uncertainty about the central bank's plans. Japan lost its title as the world's third-largest economy. BOJ may sharply downgrade GDP forecasts. Takuji Aida expects further contraction. Reuters poll suggests April for ending negative rates. Marcel Thieliant predicts sluggish growth at BOJ's upcoming meeting in March.

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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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ONEtoONE has advised Adria Winch Group in its sale to Global Offshore Engineering Group.

One to One

ONEtoONE has advised Mr Milijov Peruzović, the founder, long time CEO and Chairman of Adria Winch Group in its sale to Global Offshore Engineering Group (GOE). Adria Winch Group: A reputable and recognised company in production Read More. The post ONEtoONE has advised Adria Winch Group in its sale to Global Offshore Engineering Group. appeared first on ONEtoONE Corporate Finance.

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Vedanta promoter in talks with GQG Partners to sell $1 billion worth stake: Report

CFO News

The final talks for a potential stake sale have already taken place, and the transaction may take place in a few days in the form of a block deal, the news channel reported. As of December-end, promoter and group entities cumulatively held a 63.71% stake in Vedanta Ltd. On Wednesday, shares of Vedanta ended nearly 5% higher on the National Stock Exchange at Rs 282.

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ONEtoONE has acted as advisor to Bolsas Castresana in its acquisition by Chimiget Group.

One to One

During a deal advised by ONEtoONE, Chimiget, a French, family-run, chemicals group, acquires Bolsas Castresana. However, the management team will continue to work as an integral part of Bolsas Castresana. Bolsas Castresana: fulfilling packaging needs of Read More. The post ONEtoONE has acted as advisor to Bolsas Castresana in its acquisition by Chimiget Group. appeared first on ONEtoONE Corporate Finance.

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Visa, Mastercard stop business payments via commercial cards post RBI instructions

CFO News

Visa Rbi Card Business Payment: Industry sources indicate that flow of money through commercial card route towards non-KYC-ed merchants is something that irked the regulator.

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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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ONEtoONE has acted as adviser to Grupo Algaher in its sale to Espiga Capital

One to One

ONEtoONE has advised Grupo Algaher in its sale to Espiga Capital. Therefore, introducing Grupo Algaher to an impressive group of market players. Grupo Algaher: A competitive company in the manufacturing sector Founded in 1987, Grupo Algaher Read More. The post ONEtoONE has acted as adviser to Grupo Algaher in its sale to Espiga Capital appeared first on ONEtoONE Corporate Finance.

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New home for Shriram Housing Finance: Private equity funds close in on deal

CFO News

Parent Shriram Finance, which is mainly involved in commercial vehicle financing, owns 84.82% of Shriram Housing Finance Ltd, which focuses on affordable homes. San Francisco-based PE Valiant Capital Management owns most of the remaining stake.

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ONEtoONE have acted as advisor to InterBeverage Services in its purchase of three of Delivra´s business lines.

One to One

ONEtoONE advised InterBeverage Services in purchasing Delivra´s full vending services, technical support and FMCG vending equipment maintenance business lines. InterBeverage Services: Pioneer in the vending services sector InterBeverage Services is a leader in the support and Read More. The post ONEtoONE have acted as advisor to InterBeverage Services in its purchase of three of Delivra´s business lines. appeared first on ONEtoONE Corporate Finance.

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Germany overtakes Japan as third-biggest economy

CFO News

Japan slipped to the fourth-largest economy behind Germany. It faced challenges from the yen's decline, negative interest rates, worker shortages, economic stagnation, and deflation. Prime Minister Fumio Kishida is under pressure as India's economy is projected to overtake Japan in 2026.

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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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At the Money: Is War Good for Markets?

Barry Ritholtz

 At the Money: Is War Good for Markets? (February 14, 2024) What does history tell us about how war impacts the stock market? What is the correlation between geopolitical conflict and inflation? Can these patterns inform us of future bull market behavior? In this episode, I speak with Jeffrey Hirsch about what happens to equities after global conflicts.

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Tata, Uber aim for strategic alliance to drive digital business

CFO News

Uber Technologies CEO Dara Khosrowshahi met Tata Sons chairman N Chandrasekaran in Davos earlier this year and they're expected to talk again in Mumbai during the former's upcoming India trip to discuss the broad contours of a potential alliance, executives aware of the matter said. The exact terms of engagement are still being worked out and there's no guarantee it will lead to anything concrete.

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India's WPI inflation eases to three-month low of 0.27 per cent in January

CFO News

India's wholesale price index-based inflation has further decreased to 0.27 per cent in January compared to 0.73 per cent in December, according to provisional data released by the Commerce Ministry. This is lower than the estimated rise of 0.53 per cent predicted by a Reuters poll.

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Finance Minister to review economy at FSDC meeting on Feb 21

CFO News

The FSDC meeting will also review activities undertaken by the FSDC sub-committee chaired by the RBI governor and the action taken by members on the past decisions of FSDC. Besides RBI governor, Securities and Exchange Board of India chairperson Madhabi Puri Buch, Insurance Regulatory and Development Authority of India (IRDAI) chairman Debasish Panda, Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mital and Pension Fund Regulatory and Development Authority's newly appointed chairm

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.