Know What's Happening in Finance
Know What's Happening in Finance
Flex to acquire Electrical Power Products for $1.1B
Flex Ltd. announced a definitive agreement to buy Electrical Power Products for approximately $1.1 billion in cash. The target contributes about $323 million of annual revenue and delivers mid‑to‑high‑teens EBITDA margins. Flex expects the transaction to be accretive to adjusted earnings per share in the first full fiscal year after closing.
Also developing:
Flipkart announced that group CFO Sriram Venkataraman will step down after a decade of service, coinciding with the company’s preparation for a 2027 initial public offering. The Walmart‑owned e‑commerce platform has also appointed senior vice‑president Nishant Verman to help drive the IPO process. Earlier this month, Flipkart completed a “reverse flip,” moving its corporate domicile from Singapore back to India and merging several Singapore‑based entities into Flipkart Internet Private Limited. These moves signal a strategic realignment ahead of the public listing.
Telangana Finance Minister Mallu Bhatti Vikramarka presented the 2026‑27 budget at ₹3.24 lakh crore, a 6% increase over the previous year. The plan allocates ₹2.34 lakh crore to revenue expenditure and ₹47,267 crore to capital projects. State GDP reached ₹17.84 lakh crore, growing 10.7%—well above the national...
KH Group Plc reported 2025 net sales of €204.5 million, a 5% increase year‑on‑year, while comparable operating profit slipped 11% to €6.4 million. Net profit fell to €1.0 million and earnings per share declined to €0.01. The balance sheet showed a marked reduction...
Rossana Fajardo, SGV’s country‑managing partner, was tapped in September 2025 to lead the Independent Commission for Infrastructure (ICI) probing alleged flood‑control project irregularities. During its brief six‑month existence, the commission held 32 hearings, summoned 36 witnesses and produced a 1,100‑page...
Singapore’s 2026 budget projects a modest SG$4 billion surplus, continuing the fiscal upside that began with a SG$10.5 billion surplus in 2025 after revenue rose 13 percent year‑over‑year. The government earmarked $6 billion each for Changi Airport’s expansion and the National Productivity Fund, which...
U Mobile Ownership Shift: A Strategic Masterstroke or a Debt-Fueled Gamble? Some asked: Local Triumph or Sovereign Risk? Corporate finance perspective, let me explain the A, B, & C: A. Positives B. Negatives C. Neutral ↓↓↓
The New Accountability: Why AI Trust is the CFO’s Most Critical Investment It is no longer enough for the CFO to simply delegate the security assessment of a new piece of technology to the IT department. https://t.co/LYvrlGxIbE https://t.co/iVZDNPHEZg
Microsoft Dynamics 365 Business Central version 28 introduces a Permissions Overview page, giving administrators a single pane to audit and manage user and group rights across all apps and extensions. The same release also launches an AI‑driven Payables Agent that captures invoices...
The Federal Reserve’s Basel III reproposal softens capital requirements for mortgage‑backed assets, notably easing the Tier 1 cap on mortgage servicing rights (MSRs) while keeping a 250% risk weight. It introduces LTV‑based risk‑weight tiers, dropping to 25% for loans under 50% LTV,...
Analysts applied a discounted cash flow model to The Coca‑Cola Company, estimating an intrinsic share value of roughly $18‑19. The model uses an 8% discount rate, 2.5% terminal growth, and projects free cash flow reaching $6.7 billion by 2029, yielding a...
Genco Shipping & Trading rejected Diana Shipping’s improved takeover offer of $23.50 per share, valuing the dry‑bulker at roughly $860 million. The board said the proposal undervalues Genco, lacks a sufficient premium, and carries execution risks. Diana, backed by Star Bulk,...
Chile’s new president José Antonio Kast has ordered a 3% across‑the‑board budget cut, targeting the Ministry of Cultures, Arts and Heritage among 25 ministries. The culture ministry’s budget, which rose to roughly $580 million for 2026 under Gabriel Boric, will be...
The Atlanta Federal Reserve’s Market Probability Tracker released a revised three‑month average SOFR outlook covering June 2026 through December 2028. The new projection lifts the expected rate path relative to the February 27 forecast, placing the current target range at 350‑375 basis points....
In the post‑Basel III era, interest‑rate risk in the banking book (IRRBB) has become a primary source of earnings and capital volatility for banks. The Basel framework mandates independent audit of IRRBB measurement processes, placing internal audit as the third line...
Pigment, the Paris‑born AI‑driven business planning platform, is transforming legacy spreadsheet‑based finance with AI agents that automate modeling, analysis, and planning. Co‑CEOs Eléonore Crespo and Romain Niccoli have raised nearly $400 million, driving the company toward $100 million in annual recurring revenue...
Chief audit executives now face heightened board expectations for assurance that delivers strategic clarity. The Global Internal Audit Standards mandate a Quality Assurance and Improvement Program, yet fewer than half of CAEs trust their current QAIP to boost audit quality....
Oil prices are spiking due to Middle East tensions, squeezing small‑business margins on fuel‑intensive operations. Raj Bhaskar, CEO of accounting platform Tight, outlines six practical tactics to preserve profitability while keeping customers loyal. Strategies include a transparent temporary fuel surcharge,...
LiveFlow unveiled Flow, an AI‑native ERP built for continuous‑close finance operations. The platform unifies accounting, consolidation, and planning while delivering real‑time data across multi‑entity, multi‑currency organizations. Flow’s one‑click, transaction‑level migration can move legacy data in a day, eliminating the typical...
General Motors CFO Paul Jacobson said a slower electric‑vehicle growth rate in 2026 gives the automaker a chance to extract more cost savings. GM logged $6 billion in EV‑related charges in Q4 2025, including a $1.8 billion non‑cash impairment and $4.2 billion cash...
A new survey by Private Funds CFO reveals that general partners (GPs) are encountering significant frictions in fund finance. Sponsors express frustration over heavy information requirements and the cumbersome process of comparing lending term sheets. The study indicates that redundant...
S&P to Cliffwater: if you keep honoring redemptions above 5%, we might downgrade you. So the choice is: gate your investors and keep your rating, or pay your investors and lose it. The product design is now working against itself.
The Institute of Internal Auditors (IIA) has issued a policy paper urging Congress to modernize the Sarbanes‑Oxley Act. It recommends formally defining internal audit within the law, updating compliance expectations for Sections 302 and 404, and strengthening coordination between internal...
The Treasury announced a reopening of the 10‑year TIPS auction, delivering a real yield of 1.896%. The yield jumped noticeably, signaling heightened market sensitivity ahead of the weekend. Investors appeared reluctant to hold positions, prompting some traders to sit out...
"$NBIS is not getting customer Pre-Payments." Just because they didn't announce it doesn't mean they aren't. Clues are in the balance sheet. $1.6B in deferred revenues. $1.3B of that is non-current, revenues that won't be recognised in the next 12 months. Customers paid $NBIS $1.3B...
Zoho Books is positioned as the top accounting solution for UK sole traders and micro‑businesses, highlighted by its completely free plan and intuitive interface. The platform offers six pricing tiers, scaling from a free tier to a £199‑per‑month Ultimate plan,...
The FCA will bring the £13 billion UK BNPL market under full regulatory oversight starting 15 July 2026, requiring lenders to conduct mandatory affordability assessments and provide standardized pre‑contract disclosures. A Temporary Permissions Regime opens from 15 May to 1 July 2026, after which firms must...
Fitch Ratings upgraded Tenet Healthcare’s credit rating to BB from BB‑, citing a stronger competitive position and improved liquidity. The for‑profit system posted double‑digit revenue growth in its high‑margin ambulatory surgery segment and sold 14 hospitals, funding a $2.1 billion debt...
Investors often believe the spin‑off record date is the final deadline to secure shares of the new entity. In reality, shareholders can purchase the parent company up to the day before the spun‑off’s regular‑way trading begins and still receive the...
HDFC Bank has faced a string of regulatory actions over the past seven years, beginning with a ₹1 crore RBI penalty in 2019 for KYC and AML lapses. Subsequent sanctions include a 2020 RBI directive that halted digital launches, a 2024...
Financial institutions are moving beyond digitized journeys and isolated AI pilots toward "intelligent finance," where systems understand intent, anticipate needs, and act on customers' behalf. This shift replaces assistive interfaces with autonomous, outcome‑driven financial assistants that reshape experiences, operations, and...
US federal regulatory penalties plunged 83% in 2025, falling to $654 million in the second half after a $4 billion first‑half peak, while the number of violations stayed roughly steady. Wolters Kluwer warns that weaker deterrence shifts risk toward fragmented state enforcement and...
On 19 March 2026 IOSCO released a consultation report proposing good practices to reinforce Principles 12, 15 and 16 of its commodity derivatives framework. The focus is on improving access to OTC position data, enhancing information sharing between regulators and...
The article highlights how solopreneurs can alleviate tax‑season stress by switching to a high‑interest, zero‑fee business account, specifically citing EQ Bank’s offering of up to 2.25% annual interest. It explains that inflation erodes cash value when funds sit in low‑...
Eni announced it will raise its shareholder distribution range to 35‑45% of cash‑flow from operations, backed by a €1.10 dividend and a €1.5 billion share‑buyback program that could retire up to 303 million treasury shares by 2027. The 2026‑30 plan trims annual...
Rollover equity lets sellers reinvest part of their sale proceeds into the acquiring entity, giving them a minority stake and a potential "second bite of the apple" when the business is later sold. Private equity firms use it to reduce...
American Express announced integration of its virtual‑card solution into SAP’s Concur expense management platform. The new capability lets corporate users generate single‑use card numbers, set spending limits and automatically reconcile transactions, initially rolling out to select U.S. customers with a...
Affirm's CFO Rob O’Hare said the buy‑now, pay‑later lender could tighten its underwriting if U.S. economic stress intensifies, including dropping low‑margin loans, requiring down payments, and asking for more financial information. He emphasized these measures are hypothetical and that the...
Cleavr announced a €1 million funding round led by Kima Ventures and other investors to accelerate its AI‑driven accounts‑receivable platform. The solution automates reminders, reconciliation, dispute handling and multi‑channel communication, aiming to cut late‑payment losses for finance teams. Already deployed with...
The European Banking Authority released a final draft amending the Regulatory Technical Standards on own funds and eligible liabilities, cutting the processing time for reduction applications from four to three months. The change reflects the EBA’s confidence that authorities have...
Banks are moving operational risk scenario analysis from a regulatory back‑stop to a core forward‑looking tool for capital planning and resilience. Patrick Naim and Nedim Baruh argue that structured modelling—exposure, occurrence, impact (XOI)—turns narrative scenarios into parameterised loss generators. Yet...
ING reported €166 bn of sustainable finance mobilised in 2025, a 28% increase year‑on‑year and surpassing its €150 bn annual target for 2027. The bank’s Q4 volume hit €56 bn, the strongest quarter, while green‑loan transactions rose 45% to become the top product...
The article explains how physicians must balance financial risk by distinguishing between risk capacity—their ability to absorb setbacks—and risk tolerance—their personal comfort with uncertainty. It outlines four common physician profiles and offers targeted strategies such as debt reduction, reserve building,...
The private credit market, long a fast‑growing source of financing for mid‑size companies, is now showing signs of a broader crisis. A fund in a previously untouched sector has begun gating redemptions as liquidity pressures mount. Credit spreads are widening,...
Moody's Ratings has launched the Token Integration Engine (TIE), becoming the first major rating agency to deliver credit opinions on‑chain via a permissioned blockchain. The network‑agnostic TIE ingests Moody's existing analytical data and publishes ratings and risk insights to the...
The Metropolitan Government of Nashville and Davidson County is set to price about $502 million of general‑obligation refunding bonds on March 19, led by BofA Securities and Morgan Stanley. The Series 2026D issue carries AA‑plus ratings from S&P and KBRA and yields ranging...
The US 10yr yield is up about 35 bp since the start of the war and the 2yr yield is up about 43 bp. The 2yr break even is up 57 bp to 3.38% and the 10yr breakeven is...
I am thrilled to announce all EU and UK listings are now live in the @fiscal_ai API. They roll into the Terminal shortly. The complexities of making this happen, the edge cases, the quality control, the source material ... extremely hard. So proud...
Bayport Financial Services Mozambique issued a MZN 600 million dual‑tranche bond in October 2025, earning the Best Local Currency Bond – Financial Institutions award from Global Banking & Markets. Standard Bank acted as co‑arranger and bookrunner, guiding the structure and securing regulatory approvals....
"Wave digital is going to issue the first rated bond COLLATERALIZED by Bitcoin," says @EmanAbio https://t.co/oU2EeDw6Mf
The U.S. producer price index (PPI) posted a 0.7% headline increase, with core and core‑core measures both rising 0.5%, outpacing market forecasts. The stronger‑than‑expected numbers underscore lingering inflationary pressure despite recent easing in consumer price trends. The post uses the...
