Sun.May 19, 2024

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Not just auditors, Promoters and KMPs too need to be held responsible for frauds: Amarjit Chopra

CFO News

Amarjit Chopra, former President of ICAI, emphasizes the critical need for accountability beyond auditors in corporate frauds. In an insightful interview with ETCFO, Chopra discusses the roles of promoters, CFOs, and directors, urging comprehensive reforms for enhanced corporate governance.

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This week’s 10-year TIPS reopening auction looks attractive

Tips Watch

By David Enna, Tipswatch.com Real yields have had a bumpy ride over the last several weeks, but as things settle down, it looks like this week’s reopening auction of a 10-year Treasury Inflation-Protected Security could be a promising investment.

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Trending Sources

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PE/VC firms queue up for investments in mid-sized consumer companies

CFO News

PE/VC Firms: These investments signal a potential shift in the competitive landscape, with these mid-sized brands poised to challenge larger players.

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ASEAN finance teams face visibility challenges, prioritise T&E cost control

Future CFO

In the face of economic headwinds, finance teams are under immense pressure to optimise every dollar spent. Travel and expense management (T&E) sits squarely in the crosshairs as companies grapple with balancing essential business travel against tight budgets. SAP Concur has partnered with FutureCFO to understand the challenges and opportunities finance teams face as they navigate the complexities of travel and expense management post-pandemic.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Global fund managers most bullish on equities in three years, 18% overweight on India: BofA survey

CFO News

Cash levels among global fund managers have dropped to a three-year low of 4%, with allocations to stocks reaching the highest level since January 2022.

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Nikhil Kamath, Manyavar family office may join A91 in Rare Rabbit’s Rs 500 crore funding

CFO News

Bootstrapped till now, Rare Rabbit clocked revenue of over Rs 600 crore in fiscal 2024, with an operating profit of more than Rs 100 crore, as per sources in the know.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • How the ‘Harvard of Trading’ Ruined Thousands of Young People’s Lives : IM Academy promises a Wall Street education. But instead of riches, many of its members have lost everything. ( Businessweek ) • New Florida Law Roils Its Condo Market Three Years After Surfside Collapse : More units are being dumped on the market because of six-figure special assessments tied to repairs for older buildings. ( Wall St

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KKR in talks to buy into healthcare BPO company Infinx

CFO News

Launched in 2012 as Tandon Information Solutions, Infinx is also into medical transcription, eligibility and benefit verification, complete medical billing, medical coding (across specialty) and comprehensive account receivable management services.

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Tata Motors group hikes investment outlay to INR 43,000 cr for FY25

CFO News

Tata Motors group has increased its investment outlay for FY25 to INR 43,000 crore, with a significant portion allocated to its British arm, Jaguar Land Rover (JLR). In FY24, the company had initially planned for a 3 billion pound investment for JLR and INR 8,000 crore for Tata Motors, totaling about INR 38,000 crore. However, the actual investment in FY24 exceeded expectations, reaching around INR 41,200 crore.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Over $239 mn raised by 26 Indian startups in funding last week

CFO News

More than $239 million was raised by 26 Indian startups in funding last week, which includes nine growth-stage deals and 15 early-stage deals.

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ITC's Sanjiv Puri takes over as CII president

CFO News

Puri heads ITC Ltd, a conglomerate with businesses in FMCG, hotels, paperboards & packaging, agribusiness and IT. He is also the chairman of ITC Infotech India Ltd, its subsidiaries in the UK and US and Surya Nepal Private Ltd.

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Hindujas' acquisition of Reliance Capital hits financing hurdle

CFO News

"IndusInd International Holdings (IIHL) is trying to reduce the cost by nearly one percentage point and is seeking a cheaper loan through ongoing discussions with the lenders," one of the sources said. "The loan arrangement must be finalised before May 27, as IndusInd International Holdings needs to close the Reliance Capital deal by then," the person added.

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