Wed.Aug 14, 2024

article thumbnail

Chipotle CFO postpones retirement; stays on in president role

CFO Dive

Jack Hartung will stay on to help advise Chipotle’s leadership following Brian Niccol’s planned jump to Starbucks.

article thumbnail

U.S. annual inflation fell to 2.9% in July, lowest rate since March 2021

Tips Watch

By David Enna, Tipswatch.com The Federal Reserve got the sort of inflation report it desired for July, with the U.S. annual rate dipping below 3.0% for the first time since March 2021.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Women rise to five-year high in CFO appointments

CFO Dive

Accenture and Google parent Alphabet are among companies that have appointed women to top finance posts this year.

CFO 317
article thumbnail

India: $60 Trillion economy by 2047

CFO News

As India marks its 78th Independence Day, Vipul Arora, Partner at Sattva Consulting and author of Essence of ESG, explores how embracing climate solutions can propel India to developed nation status by 2047.

81
article thumbnail

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.

article thumbnail

Inflation slows to three-year low, clearing way for Fed rate cut

CFO Dive

The central bank at a meeting next month will likely weigh cooling inflation against signs that the labor market is loosening up.

Banking 293

More Trending

article thumbnail

India set to be among top 3 world economies soon: Droupadi Murmu

CFO News

President Droupadi Murmu on Wednesday said that India is among the fastest-growing major economies, adding it was a matter of pride for everyone that the country has become the fifth-largest economy in the world, and is set to be among the top 3 global economic powers soon.

article thumbnail

How to Compare Budget vs Actual Report

CFO Share

A small business budget is not much use if you only look at it once per year. The best businesses review a budget vs. actual report monthly with their CFO. This classic method of evaluating performance stands as one of the most important monthly financial reports for any company. Whether you budget yourself or with the help of a fractional CFO , using budget v actual report will level up your business performance.

article thumbnail

Best Practices in Corporate Governance for Ethical Excellence

CFO Talks

Best Practices in Corporate Governance for Ethical Excellence In today’s rapidly evolving business environment, the role of the Chief Financial Officer (CFO) has expanded beyond managing the finances of an organization. CFOs are now pivotal in driving corporate governance and ensuring that companies operate with ethical excellence. In South Africa and across Africa, the emphasis on strong corporate governance has never been more critical, particularly as businesses navigate complex regul

CFO 52
article thumbnail

The Top Excel Mistakes in Budgeting & Forecasting (and How to Fix Them)

Lime Light

Tired of #DIV/0! errors ruining your budget and forecast templates? Uncover the most common (and costly!) Excel mistakes in budgeting, forecasting, and reporting. Learn how to avoid formula pitfalls, data inconsistencies, and spreadsheet nightmares for more accurate & reliable FP&A.

article thumbnail

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.

article thumbnail

PM Modi speech highlights: If 40 crore Indians could fight for independence, 140 crore can achieve Viksit Bharat

CFO News

PM Narendra Modi Independence Day Speech: Prime Minister Narendra Modi delivered his 11th Independence Day speech at the Red Fort, emphasizing the sacrifices of freedom fighters and the need for unity. He highlighted climate concerns and the growth of India from 40 crore to 140 crore citizens, setting a target for a developed India by 2047. Modi discussed reforms, infrastructure development, skill enhancement, and gender equality, urging a focus on quality products and green energy.

45
article thumbnail

Assessing Both Longevity AND Mortality Risk For More Effective Retirement Plans

Nerd's Eye View

A common concern many individuals have when contemplating retirement spending is that they may live longer than expected and thus risk outliving their money. This sentiment can lead advisors to build financial plans based on the conservative assumption that clients will live a very long time. Yet, while a longer plan will extend the longevity of the portfolio, it also relies on lower annual portfolio withdrawals.

article thumbnail

Ransomware attacks surge amid increased M&A activity, drive up cyber insurance claims

CFO News

Criminal operations are increasingly targeting interconnected systems and newly acquired companies, posing substantial risks across various sectors, says a report.

45
article thumbnail

India’s WPI moderates to 2.04% in July from 3.36% in June

CFO News

The WPI Food Index, which combines food articles from the primary articles category and food products from the manufactured goods category, rose from 190.3 in June to 195.4.

article thumbnail

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.

article thumbnail

Disney, RIL may shut some channels to win CCI nod for merger

CFO News

Walt Disney and Reliance Industries proposed shutting some Star India and Viacom18 channels to secure Competition Commission of India's approval for their merger. The plan includes keeping flagship channels Star Plus and Colors, while closing weaker regional ones. RIL will hold a 56% stake, Disney 37%, and they aim to complete the merger by October 2026.

article thumbnail

Cognizant offers annual salary hikes as low as 1%

CFO News

The development of meagre salary hikes comes at a time when Cognizant is widely criticised for offering decadal-low starting salaries of Rs 2.52 lakh per annum, or around Rs 21,000 a month, to freshers through its off-campus recruitment drive starting Wednesday. The measly salary offer has created a stir across social media platforms.

40
article thumbnail

Modi's Independence Day speech: 'Viksit Bharat 2047' vision highlights reforms, skill development, manufacturing hub, and investment

CFO News

On India’s 78th Independence Day, Prime Minister Narendra Modi unveiled a visionary roadmap for 2047, focusing on economic modernization, infrastructure, and strategic reforms to propel India towards global prominence.

article thumbnail

India’s Trade Deficit widens to USD 23.5 Bn after narrowing in June

CFO News

The overall trade balance, which includes both merchandise and services, also declined, with a deficit of USD 9.61 billion in July 2024, compared to a deficit of USD 6.52 billion in July 2023.

40
article thumbnail

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.

article thumbnail

Byju’s vs BCCI: SC stays NCLAT order that set aside insolvency case against edtech

CFO News

Earlier, US-based Glas Trust, which represents some lenders of a Byju's group company, had filed an appeal before the Supreme Court challenging an earlier order that had quashed insolvency proceedings against Byju's.

40
article thumbnail

How a multinational company captured a whole country

CFO News

The East India Company began as a trading entity in the 1600s, evolving into a powerful political force in India. Key events like the Battle of Plassey marked its rise. Before gaining independence, India was one of the world’s wealthiest economies, yet its fragmented Mughal rule made it vulnerable to exploitation. The East India Company (EIC) capitalized on this opportunity, growing into one of the world’s largest business corporations.

40
article thumbnail

Why did Starbucks terminate Laxman Narasimhan? Brian Niccol will be the new boss

CFO News

Starbucks announced that Brian Niccol, current CEO of Chipotle, would replace Laxman Narasimhan as its new CEO. Narasimhan stepped down amid efforts to revitalise the company. This move follows financial challenges and pressure from activist investors. Niccol, known for driving growth at Chipotle, will start on September 9. Interim CEO Rachel Ruggeri steps in until then.

40
article thumbnail

Jupiter Wagons eyes 30% of Indian Railways 40,000 annual wagon orders; CFO targets 50-50 revenue split by 2028

CFO News

The manufacturer of railway freight wagons, brake discs, castings, and other mobility solutions aims for a balanced revenue model by 2028, targeting a 50-50 split between wagon manufacturing and other businesses, particularly components.

article thumbnail

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.