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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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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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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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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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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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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Tesla may head to India on incentive-paved road

CFO News

India imposes 100% import duty on cars with cost, insurance and freight value of more than $40,000 (about Rs 33 lakh), and 60% for those below that threshold. Tesla is willing to invest up to $2 billion if the Indian government offers reduced import duty of 15% on imported electric cars in the first two years of operations, ET reported in December.

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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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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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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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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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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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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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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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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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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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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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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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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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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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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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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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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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Yes Bank set to recover 50% of dues from sale of Katerra India debt

CFO News

After this, Yes Bank held a Swiss challenge auction with Prudent ARC's offer as an anchor offer, giving the ARC the first right to match any counter-offer the private lender would receive. Arcil gave a counter-offer of ₹203.4 crore, which Prudent ARC matched on Monday, the people cited above said. Prudent ARC and Yes Bank are expected to close the transaction this month end, the people said.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.