CFO News Room

FEBRUARY 5, 2022

The equity market witnessed some wild swings on the Budget Day, with the Sensex rebounding after losing more-than 2% from the day’s high. But unlike other Budget Days, benchmarks ended the day in the green, as investors cheered a growth-oriented Budget. By Yoosef Kp & Ruchit Purohit. After surging as much as 1,018.03

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Future CFO

DECEMBER 3, 2023

“The manufacturing landscape is changing. 61% of manufacturers are heavily embracing automation. 49% of self-described modern manufacturers are employing AI. 61% of manufacturers are heavily embracing automation. 49% of self-described modern manufacturers are employing AI.

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CFO News Room

FEBRUARY 4, 2022

How the Budget platform was used for setting a roadmap for the next 25 years is indeed commendable, with something for everyone and a special focus on new-age industries like start-ups, infrastructure, blended fuel, electrical vehicles, digital currencies, blockchain technologies and renewable energy.

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CFO News Room

FEBRUARY 5, 2022

The previous year’s Budget focused on foundational measures towards a consumer-driven economy while keeping a keen eye on post-Covid recovery. The Union Budget continues the policy direction set by last year’s Budget. Also Read | Union Budget 2022: Tech push for agri sector. By Saugata Gupta.

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CFO News Room

FEBRUARY 4, 2022

The government wants new domestic companies to set up their manufacturing units in India fast and hence the concessional tax rate of 15 per cent has been extended by a year till March 2024, Revenue Secretary Tarun Bajaj said on Friday. lakh crore in Budget estimates (BE) to Rs 12.50 lakh crore in revised estimates (RE).For

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CFO News Room

FEBRUARY 6, 2022

Also, a design-led manufacturing scheme for building an ecosystem for 5G will be launched, the outlay for which might be allocated from the existing production linked scheme (PLI) for telecom equipment. The Union Budget of the year 2022-23 is pro-growth with emphasis on providing further impetus to the Digital India initiative.

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PYMNTS

JULY 12, 2020

The COVID-19 pandemic may have brought manufacturing to a halt, but that hasn’t stopped these same companies from investing in software upgrades and technology initiatives to stay competitive. manufacturers dropped in May to its lowest level since May 2009. The Wall Street Journal reported companies such as Xylem Inc.,

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CFO News

JANUARY 3, 2023

The following are some steps that the government could consider to include in the Union Budget 2023-2024 to make it possible,” the Society of Manufacturers of Electric Vehicle (SMEV), said in a statement. With government support, the Indian EV industry can become a global hub.

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CFO News Room

FEBRUARY 6, 2022

To generate employment, we have brought in production linked schemes and given incentives to manufacturing companies, she says. How is the budget is going to promote job creation? To generate employment, we have brought in production-linked schemes and given incentives to manufacturing companies. It is a speaking budget.

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VCFO

MARCH 17, 2023

How Attention to Inventory Can Make or Break Manufacturers A major factor in determining the success of a manufacturer is how well it manages its inventory. When manufacturers have too little inventory, they can’t fully meet customer demands and lose out on revenue as a result.

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Centage

AUGUST 8, 2023

When an organization first sets up its budget, an easily accessible tool like Excel can be the perfect solution. But as a business grows and financials become more complex, an Excel or spreadsheet-based budget may be holding it back. Plus, more team members will need to have input into the numbers that make up a company’s budget.

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Centage

NOVEMBER 1, 2023

The office of finance, department heads, and C-suite executives spend much of their time making, checking, and approving the yearly budget. And financial management doesn’t stop once the annual budget is approved. This is the budget vs actual statement. What is a budget vs actual statement?

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CFO News

FEBRUARY 4, 2024

The government's emphasis on electric vehicles (EVs) in the recent budget is expected to have a transformative impact on the country's industrial landscape. The push for EV manufacturing, charging infrastructure, and incentives aligns with the 'Make In India' program and aims to create a robust EV industry.

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CFO News Room

FEBRUARY 5, 2022

Tthe Budget is a testimony to the fact that good voluntary tax compliance leads to better revenue collection and a stable tax regime. The FM entered Parliament to present her fourth Budget with a ‘Made in India’ tablet wrapped in a red pouch like a traditional bahi khata. Also Read | Industry speak | A relatively conservative Budget.

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Lime Light

AUGUST 14, 2023

Many manufacturing firms don't realize just how much they're missing out on by forgoing dedicated FP&A solutions. Accuracy and efficiency are vital to success to manufacturing firms. In fact, many firms remain stuck at square 1 with the question 'what is FP&A?'? But first, let's start with the basics: what is FP&A?

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Lime Light

AUGUST 14, 2023

Many manufacturing firms don't realize just how much they're missing out on by forgoing dedicated FP&A solutions. Accuracy and efficiency are vital to success to manufacturing firms. In fact, many firms remain stuck at square 1 with the question 'what is FP&A?'? But first, let's start with the basics: what is FP&A?

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Manufacturing Budgeting Forecasting Leverage 40

Spreadym

OCTOBER 10, 2023

Variance reporting is a financial and management accounting process used to analyze the differences between budgeted or expected figures and actual performance results. Key aspects of variance reporting include: Budget or Target Figures: This is the baseline against which actual performance is compared.

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Centage

JANUARY 17, 2023

As part of this process, the office of finance and department heads spend an immense amount of time creating, reviewing and approving the business’s budget for the fiscal year ahead – but it’s important that financial management doesn’t stop there. Budget vs Actual Statement – What It Is and What It Isn’t.

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CFO Talks

JUNE 20, 2022

Klein says interconnected value chains, adaptive manufacturing processes, and flexible networks help companies to adjust quickly and responsibly to disruption and fast-changing market demands, and to manage dependencies in real-time. Zero-based budgeting. The post Budgeting tips for resilient organisations??

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CFO Simplified

FEBRUARY 17, 2022

Nobody likes creating a budget. But budgeting is vital because it’s the company’s plan for the coming year. If the proper analysis is done, then the budget becomes a tool to guide the company forward. Budgeting is a process that may result in multiple iterations before the resulting numbers are acceptable. Evaluation.

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CFO News

JANUARY 3, 2023

The Modi-led government has been aiming to make India a global manufacturing hotspot, however, low external demand may turn out to be a stumbling block.

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CFO News Room

FEBRUARY 5, 2022

The finance minister has delivered a progressive Budget, spelling out the government’s goal to complement macro-growth with micro-all-inclusive welfare, while giving a thrust to the key economic drivers such as strengthening the start-up infrastructure, digitisation, fintech, tech-enabled development, energy transition and climate action.

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CFO News Room

FEBRUARY 5, 2022

The Union Budget 2022 is a visionary Budget with a 25-year outlook. It continues the momentum of the 2021 Budget with steadfast focus on infrastructure building, infrastructure financing, manufacturing and productivity enhancement using technology and digital outreach, as the growth engines of the economy.

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CFO News

JANUARY 17, 2023

Allocations for sectors that have seen a high impact on the ground under active PLI schemes such as electronic manufacturing and IT hardware could be raised, people familiar with the deliberations told ET. Finance minister Nirmala Sitharaman had in the FY22 budget announced ₹1.97

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CFO News

JANUARY 24, 2023

The budget needs to look at offering provisions that strengthen manufacturing and ease of doing business for small and medium enterprises. Such dole outs can help smaller players survive and scale up more efficiently.

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Budgeting Manufacturing 52

Jedox Finance

MARCH 25, 2021

Mid-market and enterprise manufacturers often operate multiple plants in more than one country. A planning and budgeting process that is supported only by Excel results in hundreds, if not thousands, of spreadsheets being sent back and forth.

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CFO News

JANUARY 23, 2023

Can India achieve the target of $1 trillion in manufacturing exports by 2028 or before that? While all eyes are on the February 1 budget, here’s what industry experts and exporters want.

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Budgeting Manufacturing 52

CFO News

JANUARY 29, 2023

A Bloomberg survey this month of more than 20 economists showed that the majority expects the budget from the fiscal year starting April to steer clear of populist measures and focus on strengthening manufacturing and creating jobs billion) in government savings.

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CFO News Room

FEBRUARY 3, 2022

Finance Minister Nirmala Sitharaman’s Budget proposals have come at a time when there are three important takeaways on the trade front. Previous Budgets had proposed several initiatives to dovetail trade policy with the manufacturing policy. would be applied.

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CFO Strategic Partners

OCTOBER 28, 2022

Results from CFO Strategic Partners’ budget survey Planning for 2023 is underway. With a potential recession looming and the cost of living increasing at a rate we’ve not experienced since the early 1980s, the uncertainty is making preparing and budgeting for the next year more complicated.

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Budgeting CFO Construction Planning 52

CFO Plans

MAY 16, 2024

Whether managing small business accounting services or overseeing financial reporting for manufacturing, having real-time data at your fingertips is invaluable. In contrast, SaaS-based solutions operate on a subscription model, making them more budget-friendly. Automation enhances efficiency and reduces the likelihood of human error.

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Navigator SAP

MARCH 4, 2022

Implementing an enterprise resource planning (ERP) system has become a matter of survival for startups that want to scale fast or involve complex manufacturing operations, as the process efficiencies and data transparency ERP delivers can make or break such businesses. Next, budget usually plays a critical role in the selection of a system.

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CFO News Room

FEBRUARY 5, 2022

However, it will neutralise the advantages that SEZs, being specifically delineated duty-free enclaves, enjoy vis-à-vis domestic manufacturers to ensure a level-playing field, Goyal indicated. SEZs sold manufactured goods worth 50,033 crore in the domestic market last fiscal, down from 53,831 crore in FY20.

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CFO News

JANUARY 31, 2023

Finance minister Nirmala Sitharaman may tweak income-tax slabs to provide relief to the nation’s vast middle class and increase spend on the poor through programs such as rural jobs, while ramping up financial incentives for local manufacturing, according to economists and reports in local media.

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CFO News

JANUARY 22, 2023

Prime Minister Narendra Modi's government has more than doubled capital spending since fiscal 2019/20 in a bid to make India a more attractive destination for global manufacturing. But private investment has lagged New Delhi's lead for about a decade.

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CFO News

JANUARY 15, 2023

An extension of the 15% corporate tax regime for manufacturing companies and correcting inverted duty structure in GST among wish list of finance honchos.

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CFO News Room

NOVEMBER 1, 2022

Deutsche Bank reiterated the stock as a buy and said it was well positioned, but did concede that macro challenges were challenging advertising budgets. Eli Lilly – The drug manufacturer dropped 4.8% Amazon – Shares of the e-commerce giant lost 5.2%. Carvana — Shares advanced 11.9% Hologic – The medical equipment maker popped 8.6%

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