Sun.Dec 24, 2023

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Have Yourself a Merry Little Christmas

Barry Ritholtz

Billie Eilish may be only 22, but she sings like a chanteuse with decades of hard living behind her — a world-weary angel. Her version of this little tune gives it an entirely different read than the original Judy Garland take from Meet Me in St Louis. I imagine this version has some studio exec suggesting she do an album of Christmas songs; but not only is it way too early in her career) for that, it’s a bit lightweight and ephemeral for her wonderful voice and phrasing; instead, sh

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Reliance, Disney ink non-binding agreement for mega merger

CFO News

Kevin Mayer, a former Disney executive brought back in July by chief executive Bob Iger as an adviser to help him navigate the company’s legacy television business and the ESPN sports network and Manoj Modi, a close confidante of Ambani, were among those present in the meeting. Both have been negotiating for months now to finalise the term sheet document.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption, and policy failures: • Epic Fail: How a corporate duopoly ruined skiing. Mountains are losing their culture as the same two companies take over lodge after lodge after lodge. Gone are live bands, independent outfitters, free lift-side parking, and secret smoke shacks. Skiing has fast become just another soulless, pre-packaged, mass commercial experience. ( Slate ) • Burned Investors Ask ‘Where Were the Auditors?

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Big tech companies in India near hiring pause amid global turmoil

CFO News

These companies - Facebook (Meta Platforms), Amazon, Apple, Microsoft, Netflix and Google (Alphabet) -registered a 90% drop in active job postings in India in 2023 compared with the previous year, according to data put together for ET by specialist staffing firm Xpheno.

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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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Vedanta Ltd approves Rs 200-crore political contribution

CFO News

Vedanta passed the resolution on November 4, just two days before the 29th tranche of electoral bond sales was launched. These sales ended November 20. The window for the sale of electoral bonds opened ahead of elections in Madhya Pradesh, Rajasthan, Chhattisgarh, Telangana and Mizoram.

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Companies give crash course to make staff financially healthy and wise

CFO News

P&G India, NetApp, MG Motor and Dell Technologies are among organisations enhancing their employee wellbeing offerings to include financial wellness and awareness. With a predominantly young workforce that is looking to understand not just personal finances better but also invest effectively for maximum returns, the focus is on driving knowledge around mutual funds, shares, derivatives, as well as government-provided investment plans, industry insiders said.

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State of the Economy: How high frequency indicators performed in November 2023

CFO News

In November, noteworthy highlights including robust Goods and Services Tax collection, 5.55% inflation rate, 9.2% unemployment rate, and a positive outlook in the services sector were marked in the Indian economy. Foreign exchange reserves reached $604.04 billion, reinforcing confidence in meeting external financing needs. UPI transactions surged, emphasising India's digital finance momentum.

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FMCG flavours: Better volumes, rural demand revival uptick and double-digit volume growth in '24

CFO News

The FMCG industry in India is expecting a double-digit volume-led growth in 2024, thanks to diverse catalysts such as an uptick in rural demand, higher volumes, and favorable commodity prices. Despite the challenges faced in 2023, including weaker festive demand and rainfall deficit affecting rural growth, the industry is optimistic about a better year ahead.

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Year Ender 2023: G20 stands out as India's diplomatic achievement of year

CFO News

Through its G20 presidency, India was able to get the most influential, powerful, and consequential countries of the world to gather around the table and discuss, agree on some of the most pressing issues concerning the world today.

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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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Govt took many pro-active steps to control prices of food items: Piyush Goyal

CFO News

On National Consumers Day, Food and Consumer Affairs Minister Piyush Goyal claimed that the Central government has made various efforts to control the prices of foot items. ​​On steps taken by the central government, Goyal highlighted that 140 new price monitoring centres have been set up to keep a close watch on wholesale and retail prices of essential commodities.

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Money laundering probe: Vivo alleges 'continued harassment' after fresh ED arrests

CFO News

The enforcement directorate made three fresh arrests in the money laundering probe against Vivo. The identity of the three taken into custody was not immediately known.

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Main-board IPOs weather global headwinds, collect Rs 52,000-cr in 2023

CFO News

The market environment for IPOs has been extremely robust in 2023, though the start of the year was tepid due to global headwinds.

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Paytm fires over 1,000 across units amid cost-cutting

CFO News

Paytm Layoffs: At least 10% on payroll hit in one of year’s biggest startup layoffs.

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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.