Sat.Aug 10, 2024

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10 Weekend Reads

Barry Ritholtz

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The End of Spam: Robocalls and texts… your days are numbered : The industry blasting your phone with spam calls and texts is about to implode. The feds could throw a wrench into the opaque, sometimes sketchy, and incredibly lucrative lead-generator industry. ( Sherwood ) • The Well-Off People Who Can’t Spend Money : Tightwads drag around a phantom limb of poverty, no

Finance 73
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Hindenburg report: Gautam Adani-led co denies commercial relationship with SEBI chairperson Madhabi Puri Buch

CFO News

The Adani Group has denied allegations from US short seller Hindenburg Research that SEBI chairperson Madhabi Puri Buch was involved in offshore entities involved in the Adani money siphoning case. The group denied any commercial relationship with individuals or matters mentioned and reiterated that its overseas holding structure is fully transparent.

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What are the allegations levied by Hindenburg against SEBI chief?

CFO News

Hindenburg Research alleged that SEBI Chairperson Madhabi Buch and her husband invested in offshore funds linked to Vinod Adani, Gautam Adani's brother. The report uncovered a network of complex financial arrangements involving Mauritius and Bermuda. Madhabi Buch and her husband Dhaval Buch first appear to have opened their account with IPE Plus Fund 1 on June 5th, 2015 in Singapore, per whistleblower documents.

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TV Somanathan appointed as Cabinet Secretary

CFO News

The Appointments Committee of the Union Cabinet has appointed TV Somanathan, a 1987-batch IAS officer, as India's new Cabinet Secretary, effective August 30. Currently serving as the Finance Secretary, Somanathan will have a two-year term. He will first assume the role of Officer on Special Duty in the Cabinet Secretariat until he officially takes over.

Finance 40
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The Financial Leader's Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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Hindenburg alleges SEBI chief’s stake in obscure offshore entities used in Adani scandal

CFO News

Hindenburg Research claimed SEBI Chairperson Madhabi Buch and her husband were linked to offshore entities tied to the Adani money siphoning scandal. According to whistleblower documents, they opened an account in 2015 and their net worth was estimated at $10 million.