Sun.Jun 18, 2023

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ERP Software for Batch Manufacturing: Making the Right Choice

Navigator SAP

Choosing ERP software for mixed-mode manufacturing will necessarily differ from the most suitable ERP for custom manufacturing because these enterprise-wide software tools must be designed for the specific production techniques you deploy.

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This week’s 5-year TIPS reopening could get the highest real yield in 14 years

Tips Watch

By David Enna, Tipswatch.com The U.S. Treasury on Thursday will offer $19 billion in a reopening auction of CUSIP 91282CGW5, creating a 4-year, 10-month Treasury Inflation-Protected Security.

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Trending Sources

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Financial irregularities found at healthcare startup Mojocare after review, say investors

CFO News

A clutch of investors, including Peak XV Partners (erstwhile Sequoia India), Chiratae Ventures and B Capital, had initiated a review of the said financial statements of Mojocare.

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908: Back to School | John Rex, CFO (Emeritus), Microsoft NA

CFO Thought Leader

As John Rex tells it, when he first arrived inside the finance function at Microsoft Corp. in 2007, one executive greeted him with “Hey, welcome to Microsoft—if you’re still here a year from now, let’s reconnect.” A senior finance hire with experience in manufacturing and consumer products at such companies as Novartis (3 years) and Kodak (14), Rex was to find the message behind the conditional invitation particularly prescient only 12 months later, when he “very nearly got the boot.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Reliance Industries may earn $10-15 bn revenue from new energy biz by 2030: Report

CFO News

"We expect EV penetration will reach 5 per cent for passenger and commercial vehicles and 21 per cent for two-wheelers. Clean energy could have a TAM (total addressable market) of $30 billion in 2030 ($10 billion currently). By 2050, we estimate the TAM could reach $200 billion and cumulative spending of $2 trillion," PTI quoted the brokerage report as saying.

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ZEE-Sony Merger: Chairman Emeritus, MD of large listed company diverted public money, says SEBI

CFO News

"In the instant case, we have a situation before us where the Chairman Emeritus and the Managing Director and CEO of this large listed company are involved in a myriad of different schemes and transactions through which vast amounts of public money belonging to listed companies are diverted to private entities owned and controlled by these persons," IANS quoted SEBI as saying in its reply to SAT.

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The fundamentals of IAS 16

Future CFO

Financial reporting specialist and lecturer Adam Deller explains the basic principles of IAS 16, Property, Plant and Equipment. The post The fundamentals of IAS 16 appeared first on FutureCFO.

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Net direct tax collection rises 11 pc to Rs 3.80 lakh cr, so for in FY24: FinMin

CFO News

Meanwhile, corporate tax collections so far in FY24 is at Rs 1.57 lakh crore, while personal income tax collections at Rs 2.22 lakh crore. Advance tax collections for April-June 2024 at Rs 1.17 lakh crore as on June 17, up 13.7% year-on-year.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Next Crisis Will Start With Empty Office Buildings : Commercial real estate is losing value fast. ( The Atlantic ) • The Horse Isn’t Real. People Are Betting on It Anyway. In virtual sports betting, the house edge is insane, there’s even more stigma and the racing never stops. ( Vice ) • Plagiarism Engine: Google’s Content-Swiping AI Could Break the Internet : The Search Generative Experience s

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Tata Steel plans Rs 16,000 cr consolidated capex for domestic, global operations in FY24

CFO News

"The projected capital expenditure (capex) for FY2023-24 is set at Rs 16,000 crore on a consolidated basis which is intended to be financed through internal accruals over the full year," PTI quoted Tata Steel's CEO & MD T V Narendran and Executive Director & CFO Koushik Chatterjee as saying in the company's annual report for 2022-23.

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From iconic 'Singapore Girl' to a woman CFO, SIA has flown a long way

CFO News

The insider Tan rising to become its first woman CFO is a definite milestone for Singapore Airlines which has been criticised by many for stereotyping of Asian women through its Singapore Girl branding. More so in an industry where women are under-represented in top positions. According to a study by FlightGlobal, a leading aerospace publisher, only seven of the world’s top 100 passenger airlines are led by women — a total that represents a high point in five years of data.

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GST Council likely to vet CBIC's plan for additional validations in return filing to check evasion

CFO News

​The CBIC last week introduced validation and risk rating for GST registrations, as it looks to curb fake entities issuing fake bills just to claim ITC benefit and defraud the exchequer. The official said the strategy to go in for additional validation both at the time of registration and filing of return is aimed at eliminating tax evasion.

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In next 3-5 years, 6.5% GDP growth is par: Bibek Debroy

CFO News

"Growth in 2023-24 is an aggregate of growth in four quarters and, obviously, Q1 figures will be higher than the other three. Having said that, what kind of growth can we expect in 2023-24? As I have said, this is largely a subjective call, weighing the pluses against the minuses.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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ZEE promoters diverted public funds to pvt entities: Sebi to SAT

CFO News

The tribunal last Thursday gave Sebi 48 hours to file its reply to a plea filed by the ZEEL promoters challenging the market regulator's interim order barring them from holding directorships or key managerial positions in listed entities.

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Despite headwinds, Indian economy could grow at 6.5% this fiscal year unless.

CFO News

Multiple other forecasts put India's current fiscal year growth between 5.9% and 6.5%, with some analysts highlighting challenges ahead for the Indian economy including a slow recovery in domestic manufacturing, geopolitical uncertainty, and the threat of El Nino. However, others suggest a robust growth rate could be achieved on a sustained basis if policies enhance productivity, create jobs, and increase total output.

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Research companies raise India's wearables shipments forecasts

CFO News

IDC said India has the lowest ASPs for wearables, falling steadily from $31 in 2021 to a forecast of $23-25 by the end of 2023. The research estimates ASPs will fall to $20-22 in 2024. Similarly, Counterpoint Research expects the ASP of smart watches to decline by 15% from Rs 4,800 in 2022, that of TWS to drop by 5% from Rs 2,300, and that of neckbands to lower by 8% from Rs 1,400.

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Tighter origin norms likely to check cheap imports

CFO News

Conditions such as minimal operations, de-minimis or tolerance, accumulation, accounting segregation, transitional arrangements and absorption or roll over principles are being considered, some of which are already in India’s FTAs.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Vedanta resources looks at refinancing, brand monetisation for debt repayments

CFO News

To help tide over the repayment requirement, the percentage of royalty from Indian listed entity Vedanta Limited has increased from 2% to 3% starting this year. Also, Vedana Resources Ltd. (VRL) had informed investors earlier this month that it has entered into a similar royalty agreement with Hindustan Zinc and fixed the royalty percentage at 1.7%.

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IndiGo to take a call on big order today

CFO News

The A320Neo family consists of the A320Neo, A321Neo and A321XLR aircraft. The order will be the largest in the history of aviation topping Air India's order of 470 aircraft placed in March. IndiGo has pending delivery of 477 aircraft of the same A320 family by 2030. This order will ensure that the airline gets an uninterrupted supply of new aircraft in the next decade as it expands its fleet.

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Patanjali Foods to invest up to Rs 1,500 cr on capex in next 5 years

CFO News

"Our estimation is over five years, we'll invest about Rs 1,200 crore to Rs 1,500 crore of capital expenditure.Most of the expenditure will happen in year four and five, which is where we are pushing for and the rest in the initial years. We have enough capacity and capex already laid out," PTI quoted Asthana as saying.

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SVB Financial to sell its I-banking business to management team

CFO News

The group will acquire SVB Securities for a combination of cash, repayment of an intercompany note, assumption of certain liabilities and a 5% equity instrument in the buyer entity SVB Financial Group said in a statement on Sunday.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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MCA21 portal issue: Corporate affairs secretary to hold stakeholders' consultations in Chennai, Hyderabad

CFO News

The Ministry of Corporate Affairs (MCA) secretary Manoj Govil on Sunday took to Twitter and said that the ministry ​​will hold consultations with stakeholders on issues related to MCA21 portal in Chennai and Hyderabad next week. The move by the ministry comes amid stakeholders facing various issues with respect to the portal, which is the key platform for submitting statutory filings under the companies law.

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Outsourcing hubs like India to bag 40% of jobs lost to layoffs

CFO News

Sanjay Shetty, director-professional search and selection, Randstad India, expects 30-40% of tech jobs that were cut globally to move to India by 2024-25.

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