Sun.Dec 01, 2024

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GST collection spikes 8.5% Y-o-Y in November at Rs 1.82 trillion

CFO News

GST Collections for the month of November grew 8.5 per cent year-on-year at Rs 1.82 Lakh Crore witnessing a dip compared to Rs 1.87 Lakh Crore in October 2024. Maharashtra recorded the highest GST collection among all states, registering Rs 29,948 crore, a 17 per cent year-on-year increase compared to November 2023.

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Ep 41: The FP&A Spectrum: Technology, Culture, and Long-Term Value

CFO Thought Leader

In this episode of Planning Aces , Jack Sweeney and Brett Knowles share insights from CFOs Sandra Wallach (Amprius Technologies), David Morris (Guardian Pharmacy Services), and David Eckstein (Vanta). The discussion explores how these finance leaders are leveraging technology, data, and collaboration to drive decision-making and value creation. Highlights Sandra Wallach (Amprius Technologies): Focuses on weekly collaboration and direct involvement to optimize supply chain and customer alignment.

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Trending Sources

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What is Account Reconciliation?

The Finance Weekly

Let’s talk about something every business owner and accountant deals with— account reconciliation. Sure, it may not be the most glamorous part of finance, but it’s undeniably one of the most important. It’s what keeps your books accurate, ensures you catch errors (or even fraud), and gives you the confidence to make financial decisions based on solid data.

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India's path for a developed nation status by 2047 is inevitable: V-P Dhankhar

CFO News

Given our demographic dividend, natural resources, talent pool and supportive policies, India's path to a developed nation status by 2047 is inevitable, Vice-President Jagdeep Dhankhar said on Sunday.

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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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A Day in the Life: Benjamin Chin Fook Chuan from ECCO

Future CFO

Editor’s note: In today’s A Day in the Life , Benjamin Chin Fook Chuan (pictured), Finance Director – Asia Pacific, Country MD – Singapore and Malaysia at ECCO Shoes shares with FutureCFO how his early career shaped his philosophy of FP&A and how he compares the joy of playing games and work. Chin is a member of Association for Financial Professionals (AFP) APAC Treasury Advisory Council.

More Trending

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Auditing of companies has improved in last 3-4 yrs: NFRA Chairperson

CFO News

The National Financial Reporting Authority (NFRA) chief emphasized that audit quality has improved in the past few years. However, better communication between auditors and board members is needed to prevent corporate failures. Over 80 orders against auditors were issued, including cases like Cafe Coffee Day and DHFL. Courses are being launched to enhance auditors' knowledge.

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Tata Sons boss tells group CEOs he wants growth. Now

CFO News

Tata Sons Chairman N Chandrasekaran has urged leaders of Tata Group companies to pursue growth aggressively. Despite economic uncertainties, he emphasized bold ambitions and seizing opportunities. Key companies have shown mixed results, but focus remains on future growth and resilience. Major investments are being directed towards Air India, Tata Electronics, and Tata Digital.

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PM Internship scheme: Firms willing to top up stipend fixed by govt for pay parity

CFO News

Large companies like Reliance Industries, Tata Consultancy Services, and Maruti Suzuki will top up the government stipend for interns under the PM Internship scheme. The scheme aims to provide internships to young Indians and enhance employability. The portal was launched in October, and the scheme will expand in the coming fiscal years to include more applicants.

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Ambuja Cements partners with Coolbrook for cement manufacturing with zero-carbon heating technology

CFO News

This cutting-edge, zero-carbon heating solution, powered by renewable electricity, will drastically reduce the company's dependence on fossil fuels and lower its carbon emissions, aligning with its sustainability vision.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Saint-Gobain mirrors global mood, says India business will grow 3-fold in 10 years

CFO News

Saint-Gobain, a France-headquartered sustainable construction major, targets three-fold growth in India, aiming for a turnover increase from ₹14,200 crore to nearly ₹50,000 crore by 2035. The company plans to leverage local manufacturing, diverse leadership, and extensive operations in glass, gypsum, abrasives, and construction chemicals to drive growth, a senior company executive told The Economic Times.

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JSW set to launch its own EV brand to 'Make in India'

CFO News

Months after forming a $1.5 billion joint venture with China's SAIC Motor for electric vehicles, JSW Group plans to launch its own EV brand. JSW Chairperson Sajjan Jindal emphasized producing and selling in India. A new EV plant in Aurangabad will create 5,200 jobs. This move positions JSW against major competitors like Tata Motors and Mahindra.

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India’s manufacturing PMI declines to 56.5 in November

CFO News

India's manufacturing sector growth slowed in November as the Manufacturing Purchasing Managers' Index (PMI) dropped to 56.5 from October’s 57.5. Rising input costs pushed output prices to an 11-year high.

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Beta Drugs Limited raises INR 117 cr from HealthQuad, Inti Capital and others to accelerate growth plans

CFO News

Beta Drugs Limited raises INR 117 crore from HealthQuad, Inti Capital, and others through a preferential allotment of convertible debentures and equity shares. This investment will aid Beta Drugs in accelerating its growth plans and expanding its footprint globally, with a goal to be among India's top five oncology companies.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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India factory growth softened in November on high inflationary pressures, PMI shows

CFO News

India's factory growth slows in November while maintaining strong momentum, amid eased demand due to rising price pressures. PMI falls to 56.5 from 57.5 in October, still above the 50-mark. International demand rises, boosting business outlook, while there's a rise in Inflationary pressures, impacting input and output prices.

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Big hotel brands see room for growth in manufacturing hubs

CFO News

Mid- and upscale hotels are being developed in India's manufacturing hubs to meet the needs of business travellers. Brands such as Marriott, Hyatt, and Ginger are setting up properties in industrial areas. This trend reflects the growing demand for quality accommodation near manufacturing sites as India's industrial sectors continue to expand.

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Finance ministry invites applications for PFRDA chairperson post

CFO News

The government is seeking a new PFRDA chairman as Deepak Mohanty's term ends in May 2024. Applicants must have at least two years of residual service and relevant experience. The post is open to senior government officials, public sector officials, private sector CEOs, CFOs, COOs, and academicians. The last date for applications is December 30.

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Weathering the storm: India Inc is adopting all-season sales strategies

CFO News

India Inc is taking advantage of weather changes to push off-season sales and integrate new features in products. Companies like Dabur, Voltas and Blue Star are promoting products for all-year use. Efforts include new advertising campaigns, adding non-seasonal products, and expanding category opportunities to maintain steady revenue despite erratic weather patterns.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Battling the social bulls: Internet firms fear overregulation by Sebi

CFO News

Sebi has proposed regulation of Internet firms to check the spread of misinformation about financial products on social media platforms. Companies, fearing overregulation, are seeing red. In the draft proposal, Sebi also said that social media and other internet platforms should, “to the satisfaction” of the market regulator, have the policy to share securities market-related information and data with it whenever it is sought.

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Jitendra Singh urges stronger startup-industry ties to drive India's sustainable economic growth

CFO News

Union Minister of State (Independent Charge) Dr Jitendra Singh on Sunday called for strong startup and industry linkage as the key to India's sustainable economic growth, the Ministry of Science and Technology said in a release.

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Futures positions in RIL touch 18-year high; 'Any upmove could be sharp'

CFO News

Outstanding positions in Reliance Industries' futures contracts hit an 18-year high as traders bet against the stock amid recent weakness. Analysts suggest the stock is oversold and a change in sentiment could lead to a short-covering rally. Brokerage recommendations indicate a potential for upside.

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Rate cut is unlikely but RBI may signal it's ready to act

CFO News

The Reserve Bank of India's Monetary Policy Committee is expected to focus on faltering economic growth rather than inflation during its December 4-6 meeting. Despite calls for lower interest rates, the RBI's commitment to controlling inflation and promoting financial stability may prevent a rate cut, even as growth targets face challenges.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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IPO rush keeps FPIs busy in primary market in November, outflow continues in secondary market

CFO News

In November 2024, Foreign Portfolio Investors (FPIs) invested significantly in India's primary market through IPOs, while selling in the secondary market slowed down compared to October. FPIs' strong primary market engagement results from a surge in IPO activity, with 79 mainboard IPOs raising nearly Rs 1.4 lakh crore so far in 2024.

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India's gig economy set to hit $455 billion this year: Report

CFO News

It supports critical sectors such as e-commerce, transportation, and delivery services, providing flexible income opportunities and expanding the workforce.