BUSINESS
India responds to US investigation on equalisation levy 2.0
Indian government responds to the request for public comments from the United States Trade Representative on the Section 301 investigation of the digital services tax. India was one among many countries in the investigation which intends to figure out whether US companies are being unfairly targeted.
BUSINESS
Time to showcase the stability and togetherness that India has to offer despite COVID-19: Akshay Kenkre
Appropriate transfer pricing strategy can aid survival & help chart growth, says global tax expert Akshay Kenkre while adding that the deep consultation with clear definitions and an equally clear implementation process would have helped the introduction of the equalisation levies.
BUSINESS
'If not bloodhounds, auditors at least need to be barking dogs'
Auditors are one important part of the corporate governance system. They, however, are only a part, says Amarjit Chopra, former President, ICAI. And he believes that the government tendering system needs an overhaul in order to overcome the Big Four dominance.
BUSINESS
Fair valuation basis must be adopted universally, even by smaller firms says former ICAI President
Amarjit Chopra, former President, ICAI and former Chairman, NACAS believes that COVID-19 presents unique challenges in presentation of financial reports.
BUSINESS
Nayara Energy hopes for relaxation of curbs on end-use and price of foreign loans
Sustainable leverage is the touchstone for incremental fundraising at Nayara Energy says CFO Anup Vikal
BUSINESS
Next two years will be the years of CFOs
Cost-containment measures are crucial in the coming months. Yet, CFOs need to go beyond this comfort zone as opportunities abound in these times.
BUSINESS
India as manufacturer for the world will take time: Neeraj Jain, former CFO, Johnson & Johnson Medical
There have to be very compelling reasons to move manufacturing from China to India. The current global supply demand gap in many industries may not indicate a favourable move to see India as the next destination, says supply chain expert, Neeraj Jain
BUSINESS
Zero-base budgeting makes a comeback across the globe
As a concept, ZBB has existed for a few decades. Peter Pyrrh, an accounting manager with Texas Instruments, is credited with creating the concept of zero-based budgeting in the 70s.
BUSINESS
Cash starved EaseMyTrip sees a ray of hope
The online travel agency hopes for early resumption of regular travel and some succour from the government in terms of statutory dues.
BUSINESS
COVID-19 impact | Huge opportunity for 'grocery as a service', says Grofers CFO Amit Sachdeva
"In terms of our overall strategy, we are currently realigning ourselves to minimise disruptions, conserve cash and reach out to as many customers as possible and do not see any major change in our overall plans," he said.
BUSINESS
Coronavirus | Normalcy may return by November-December, says pharma sector CFO
IMA-PG India is on the frontlines of COVID-19 with its pharma industry machinery like blister packing machines, tube filling machines and tablet counting lines.
BUSINESS
COVID-19 impact: Basics of our business & strategy remain the same, says Ecom Express CFO
Read what Mayank Gupta, CFO of Ecom Express has to say about challenges brought about by the Coronavirus pandemic.
BUSINESS
COVID-19 lockdown woes: Labour desperate to go back home
Though essential goods and services are still being delivered, the massive dislocation of workers as a result of the surprise lockdown has left a huge question mark on the possibility of restarting factories.
BUSINESS
Lease accounting standard to provide for COVID-19 rent reductions & waivers via amendment
The IFRS 16 standard on leases requires lessees to assess individual lease contracts to figure out whether the concessions come under the head modifications. In case, the concessions are considered as substantial modifications, then the lessee must calculate the lease liability using an updated discount rate.
BUSINESS
In COVID-19 times, Unilodgers believes it has resilience
Unilodgers has a collection of over 350,000 student rooms across the world. Most of the student rooms though are in the United Kingdom. Incorporated in the US, Unilodgers has a 100-odd employees, most of them based out of India
BUSINESS
Some COVID-19 fear misplaced, a lot justified
Increate Value Advisors’ Milind Sarwate said all payables are not equal and CFOs need to apply their mind carefully. “Statutory obligations must be paid first. After that come the contractual obligations, non-discharge of which could attract penalties or trigger defaults with worse consequences than non-payment.”
BUSINESS
Coronavirus pandemic: 'No 100% solution for averting risk'
Nagesh Alai, a management consultant, shares his thoughts on the coronavirus pandemic and how if at all such a calamity could have been mapped in the risk management framework of any company
BUSINESS
Coronavirus impact | Will India be an alternate to China in the expected supply chain reorganisation?
From 2018 to 2019, US manufacturing imports from China declined by 17 percent, a total drop of roughly $90 billion. However, China's loss wasn't entirely a gain for its Asian competitors.
BUSINESS
Digital healthcare company CallHealth expects better valuations post COVID-19
Though struck by the cash crunch and inadequate drug availability, the virtual healthcare company sees a silver lining in the wider acceptance of its business model and better valuation
BUSINESS
Lufthansa hopes to live to fight and hire a CFO another day
Following the exit of its CFO earlier this week due to health reasons, German airlines, Lufthansa has split his responsibilities among the senior management as it focuses on 'operational and structural crisis management'.
BUSINESS
Coronavirus impact: Permanent WFH could be the CFO's new friend in post COVID-19 world
Driven to unusual cost cutting measures, finance heads are looking rather benignly at remote work options, according to a recent Gartner survey.
BUSINESS
Coronavirus impact: COVID-19 tests the world's first pandemic bonds
Due for redemption in July, the two pandemic bonds by World Bank worth $320 million have complicated payout triggers.
BUSINESS
'CFOs should be able to speak their mind freely'
Promoters of family-owned businesses do search for that special relationship with CFOs that is crucial for the growth of the business. And when that equation gets formed it often lasts, like a typical marriage.
BUSINESS
Innovation arbitrage, not cost arbitrage is the new game
The head of the newly-minted Mobility Services Sector at the Mahindra Group is confident of successfully riding an emerging trend. VS Parthasarathy after all is well armed with ambitious targets, bullets and cannonballs.
