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ACCEPT THE UPDATED PRIVACY & COOKIE POLICY Dear user, ETCFO privacy and cookie policy has been updated to align with the new data regulations in European Union. Please review and accept these changes below to continue using the website. You can see our privacy policy & our cookie policy. We use cookies to ensure the best experience for you on our website. If you choose to ignore this message, we'll assume that you are happy to receive all cookies on ETCFO. * Analytics * Necessary * Newsletter NameProviderExpiryTypePurpose Google AnalyticsGoogle1 YearHTTPSTo track visitors to the site, their origin & behaviour.iBeat AnalyticsIbeat1 YearHTTPSTo track article's statisticsGrowthRx AnalyticsGrowthRx1 YearHTTPSTo track visitors to the site and their behaviour NameProviderExpiryTypePurpose optoutTimes Internet1 YearHTTPSStores the user's cookie consent state for the current domainPHPSESSIDTimes Internet1 dayHTTPSStores user's preferencesaccessCodeTimes Internet2.5 HoursHTTPSTo serve content relevant to a regionpfuuidTimes Internet1 YearHTTPSUniquely identify each userOSTIDTimes Internet1 YearHTTPSOauth secure tokenOSSOIDTimes Internet1 YearHTTPSOauth user identifierOSTPID Times Internet1 YearHTTPSused to sync accross portalsfpidTimes Internet1 YearHTTPSBrowser Fingerprinting to uniquely identify client browsers NamePurpose Daily NewsletterReceive daily list of important newsPromo MailersReceive information about events, industry, etc. I've read & accepted the terms and conditions NEWS SITES * Auto News * Retail News * Health News * Telecom News * Energy News * CIO News * Real Estate News * Brand Equity * IT Security News * BFSI News * Government News * Hospitality News * HR News * Legal News * ET TravelWorld News * Infra News * B2B News * CIOSEA News * HRSEA News * HRME News Upcoming Event: CFO Meet & discussion on Revised Companies Act Sign in/Sign up * Follow us: * * * * * * * News * CFO Interviews * CFO Ledger * CFO Wall * CFO Videos * Editor's Note * Webinars * Brand Solutions * ETCFO LEADERSHIP SUMMIT 4TH EDITION * ETCFO TURNING POINT 5th August 2022 * ETCFO LEADERSHIP VIRTUAL SUMMIT 2022 * ADP BUSINESS TRANSFORMATION ON THE CLOUD: TAKE A NEW LOOK AT PAYROLL * ETCFO TURNING POINT Mapping the Reality * RESET & REINVENT YOUR SPEND MANAGEMENT Come up to date on leading digital initiatives to .. * NEOM A REVOLUTION IN URBAN LIVING * ON-SHORE AND OFF-SHORE INVESTMENT VEHICLES – FRAMEWORK, OPPORTUNITIES * EARN FROM GOLD, OIL TRADING * Auditors Diary * CFO Tech * CFO Movement * GST * ESG * BREAKFAST WITH CFOs * ETCFO Explains * 2022 Wrap * More * Regulators * survey x 1 hr ago WHAT ARE THE TOP RISKS CFOS MAY FACE IN 2023? In the riskiest business environment in more than ten years, talent woes continue to top the list of concerns of business heads. LATEST NEWS * 5h hrs ago At 57.8, India's manufacturing PMI in December rises to highest in 26-months * 2h hrs ago Capex to be driver of economic engine * 2h hrs ago At 3.8 million units, PV sales surpass pre-covid peak in '22 * 2h hrs ago China COVID crisis: Worried over supply chain disruptions, consumer durable makers stocking up on inventories * 2h hrs ago Banks set for strong loan growth in Q4 * 2h hrs ago Corporate tax to GDP ratio crosses 3% in 2021-22, first time in two years * 2h hrs ago NARCL plans improved Rs 1,200-cr offer for Videocon Oil and Ventures * 2h hrs ago RK Krishnakumar, a Tata veteran, passes away at 84 * 1h hrs ago EVolving India Inc plans to drive ahead on battery power View More 4 hrs ago BUDGET 2023: GROWTH & MANUFACTURING FOCUS WITHIN FISCAL CONSOLIDATION THEME Echoing finance minister Nirmala Sitharaman’s statement that fiscal 2024 budget will follow the spirit of the earlier ones, economists expect it to be a pragmatic, rather than a populist, budget, even though this is the last full budget before the 2024 general elections. 4 hrs ago GST COLLECTIONS GROW 15 PC TO RS 1.49 LAKH CR IN DECEMBER The gross GST revenue collected during December 2022 is Rs 1,49,507 crore, of which CGST is Rs 26,711 crore, SGST is Rs 33,357 crore, IGST is Rs 78,434 crore (including Rs 40,263 crore collected on import of goods) and Cess is Rs 11,005 crore (including Rs 850 crore collected on import of goods). 1 day ago EMERGING FROM CRISIS: A HAPPY NEW DECADE FOR INDIA ET has invited a galaxy of experts to share their perspectives on the potential that can be unleashed in some key sectors. Ridham Desai of Morgan Stanley feels policies put in place during the pandemic have set the stage for India to become the third-largest economy in the world by end of the decade. 2 days ago TALENT CHALLENGES AHEAD: IT'S BACK TO BASICS FOR COMPANIES IN 2023 AFTER YEAR OF THE BIG QUIT From rushing to hold on to the critical talent and devising ways to stem attrition in 2022, companies will focus on growing and building the talent pool in 2023 as they prepare for potential economic uncertainty and volatility, according to the findings of an ET-Aon survey on corporate India's people priorities and challenges for 2023. 3 days ago WHAT ARE THE TOP PRIORITIES OF CFOS IN 2023? Cost management, financial performance, and both inorganic and organic growth are on top of the minds of finance honchos as they enter the New Year. 4 days ago OUTLOOK 2023 : HOW BULLISH ARE INDIA INC CFOS? In several interactions with ETCFO, leading India Inc CFOs pointed to several measures such as Make in India and PLI schemes, robust demand that will keep the economy ticking over the next few months. 5 days ago GST: GOVT CLARIFIES ITC WON'T BE DISALLOWED FOR FY18, FY19 MISMATCHES IN BONAFIDE ERRORS The industry had contended that the system-generated statement of the inward supplies had not been made available to them on the common portal during the initial stages of the implementation of GST. View More TOP FEATURED STORIES 5 days ago WRAP 2022: INDIA INC’S MOST DISCUSSED CFO APPOINTMENTS THIS YEAR From Auto to Aviation and Fashion to Finance every sector witnessed a shuffle in the top position in the Finance domain – the CFO. The story behind the new entrant in this position has been vibrant. Some were appointed amid internal controversies while others post-smooth retirement. At ETCFO, we have curated the list of most-discussed CFO appointments this year with a brief backgrounder: * WRAP 2022: HERE’S THE LIST OF TOP 5 MOST DISCUSSED CFO RESIGNATIONS * SEBI SHOULD BE MORE SENSITIVE TO VALUATIONS, MUST ACT AGAINST ERRANT MERCHANT BANKERS: AMARJIT CHOPRA * CFOS SAY GDP REVISION WORRYING BUT CLING TO INDIA GROWTH STORY * JOINT AUDIT MAY NOT IMPROVE QUALITY: GLOBAL ACCOUNTING BODY ACCA CHIEF View More CFO LEDGER * Anjali Bhadbhade - CFO, DHL Express India ROLE OF CFO IN BUILDING AN EFFECTIVE ESG ECOSYSTEM * Ajay Goel - Acting CFO, Vedanta BUDGET 2022: ACCELERATE DISINVESTMENT PROCESS, INITIATE POLICY REFORMS FOR OIL & GAS SECTOR * Harish Kumar Agarwal - CFO, Kamdhenu Group BUDGET 2022: SIMPLIFY EASE OF DOING BUSINESS * Kunal Sanghavi - HDFC Securities, CFO WHAT DOES 2022 HOLD IN STORE FOR CFOS? * Harish Kumar Agarwal - CFO, Kamdhenu Group AUDITORS TO CONTINUE FACING HEAT FROM SIX REGULATORS * Chirag Mavani - CFO, The Souled Store REALMS OF PROFITABILITY IN THE ERA OF START-UPS AND CASH-BURN View More ECONOMY NEWS 6 days ago INDIA TO BECOME $10-TRILLION ECONOMY BY 2035: CEBR However, over the next five years, the annual rate of India's GDP growth is expected to average 6.4%, after which it is expected to grow at average 6.5% in the subsequent nine years. * 9 days ago IMF PROJECTS 6.8% GROWTH IN CURRENT FISCAL FOR INDIA, SAYS COUNTRY'S FISCAL SPACE IS AT RISK * 20 days ago AT 5.8%, INDIA'S RETAIL INFLATION EASES TO ELEVEN-MONTH LOW IN NOVEMBER * 26 days ago RBI RAISES INTEREST RATES BY 35 BPS, CUTS FY23 GDP GROWTH FORECAST TO 6.8% * 26 days ago WORLD BANK SEES INDIA'S GROWTH AT 6.9% THIS YEAR View More INTERVIEW * COVID OR NOT, SULA’S GROUP CFO IS TAKING HOME WINE CONSUMPTION BET INTO 2023 * HOW VINEET HARLALKA MANAGES CS AND CFO RESPONSIBILITIES AT THE SAME TIME * WAYCOOL CFO EYES 3 EBITDA-POSITIVE QUARTERS BEFORE 2025 LISTING * CFOS MUST BUILD TALENT FOR THE LONG-TERM: RAVI VISHWANATH, QUESS CORP * TECH M CFO SAYS RECESSION INTENSIFYING BUT IMPACT TO BE TEMPORARY * DIGITAL LENDER AXIO'S CFO SAYS KEEN ON BUILDING A SUSTAINABLE BUSINESS * PROJECT EXECUTION TOP FOCUS: THYSSENKRUPP INDUSTRIAL SOLUTIONS INDIA CFO * MOONLIGHTING WILL IMPROVE PRODUCTIVITY; FIRMS SHOULD EMBRACE: QUESS GROUP CFO * YULU CFO EYES GREEN LOANS; SCALING TOP FOCUS * TECH MAHINDRA CFO BACKS MOONLIGHTING BUT SAYS EMPLOYEES MUST DISCLOSE * HOW MEDANTA GROUP CFO HELPED THE COMPANY GO PUBLIC * HOW RENEWBUY CFO PLANNING TO TURN THE INSURTECH FIRM PROFITABLE IN 12 MONTHS * MSWIPE CFO SAYS FOCUSING ON EXECUTION TO ACHIEVE OVER 2X GROWTH NEXT 18 MONTHS * WIPRO ENTERPRISES CFO AIMS TO MAINTAIN DOUBLE-DIGIT GROWTH IN FY23 AMID RECESSION MURMURS * HOW SAMIL CFO IS DEALING WITH AN UNCERTAIN ENVIRONMENT * QUALCOMM CFO SAYS CO’S INDIA 5G STRATEGY IS IN LINE WITH GLOBAL STRATEGY * EARLY-STAGE STARTUPS PARTY HAS ONLY BEGUN: 100X. VC CFO * AMAZON SALE SHOWING NO SIGN OF MUTED CONSUMER SENTIMENT: MANISH TIWARY * CARDEKHO CFO AIMS TO ACHIEVE EBITDA LEVEL PROFITABILITY BEFORE IPO IN 2023 * MY TOP FOCUS IS ON EXECUTION: FEDERAL BANK CFO View More MORE FROM ETCFO * 5h hrs ago AT 57.8, INDIA'S MANUFACTURING PMI IN DECEMBER RISES TO HIGHEST IN 26-MONTHS With business conditions improving to the greatest extent in over two years, India's manufacturers ended 2022 on a sweet note.Manufacturers scaled up production and the upturn in output was sharp and the best seen since November 2021, S&P Global India survey showed on Monday. * 2h hrs ago CAPEX TO BE DRIVER OF ECONOMIC ENGINE The Ratings Round-Up published by Crisil Ratings on October 2022 highlighted positive credit quality outlook for India Inc stemming from resilient domestic demand, continuing infrastructure-driven investments and strengthened balance sheets. * 2h hrs ago AT 3.8 MILLION UNITS, PV SALES SURPASS PRE-COVID PEAK IN '22 "Demand seems to be good. Last month, enquiries as well as bookings were at elevated levels", informed Srivastava, adding, "We have to monitor customer demand going ahead to assess the impact of the increase in vehicle prices due to implementation of certain regulatory norms." Maruti Suzuki grew sales by 16% to sell 1.58 million vehicles in the year. Meanwhile, Korean auto major Hyundai Motor India recorded highest-ever domestic sales since its inception of 552,511 units in 2022 with a growth of 9.4%. * 2h hrs ago CHINA COVID CRISIS: WORRIED OVER SUPPLY CHAIN DISRUPTIONS, CONSUMER DURABLE MAKERS STOCKING UP ON INVENTORIES The consumer durable makers normally maintain inventory for about a month, but they are now increasing it to cover at least 2-3 months. * 2h hrs ago BANKS SET FOR STRONG LOAN GROWTH IN Q4 Public sector banks have outperformed private banks in the recent past. Banks also expect margin trajectory to remain robust, while an improving asset-quality resolution should provide further fuel to profitability. * 2h hrs ago CORPORATE TAX TO GDP RATIO CROSSES 3% IN 2021-22, FIRST TIME IN TWO YEARS Net corporate tax collection in 2021-2022 stood at Rs 7.12 lakh crore, which works out to 3.01% in terms of the ratio to GDP. At current market price, the collections stood at Rs 236.64 lakh crore. * 2h hrs ago NARCL PLANS IMPROVED RS 1,200-CR OFFER FOR VIDEOCON OIL AND VENTURES Lenders rejected NARCL's ₹860-crore offer in mid-November because it was very low. At a meeting in December between the lenders and NARCL, lead bank State Bank of India had asked NARCL to make an improved offer. NARCL did not respond to ET's queries. * 2h hrs ago RK KRISHNAKUMAR, A TATA VETERAN, PASSES AWAY AT 84 The Padma Shri awardee suffered a heart attack at his home in the financial capital on Sunday. View More SUBSCRIBE TO OUR NEWSLETTER 50,000+ Industry Leaders read it everyday I have read Privacy Policy and Terms & Conditions and agree to receive newsletters and other communications on this email ID. EDITOR'S NOTE * 2022 - A YEAR OF PERMACRISIS, POLYCRISIS * MAXIMUM INDIA AT G20 * ARJUNA AND INDIAN INFLATION * ARSENAL OF THE NEXT-GEN CFO? * THE CURIOUS CASE OF NYKAA CFO’S RESIGNATION * LAYOFFS, RECESSION AND JOBS * CFOS BIGGEST CHALLENGE: TALENT CRUNCH * THE SPEED OF CONVERSION FROM CFOS TO CEOS * THE BUSINESS OF GOOGLE View More THE CFO WALL CFO OF THE WEEK Dr. Kishore Nuthalapati BEKEM Infra Projects Pvt. Ltd * Sandeep Katiyar Arya.ag Full Detail * AAKARSHAN MOOKIM Macmillan Education India Full Detail * Sandeep Kejriwal Virtual Forest Full Detail * Dharmender Tuteja Dalmia Bharat Group Full Detail * Prateek Chandra IndiaMART Full Detail * Amitesh Sinha SIMA Funds Full Detail * Suranjit Mishra Tata Power Delhi Distribution Full Detail * Mihir Modi Sterlite Technologies Full Detail * Santosh Agarwal Alpha Corp Develpoment Full Detail * Arun Kumar Gupta Newgen Software Full Detail * Gaurav Maheshwari Alankit Full Detail * Ravish Mittal Trivitron Healthcare Full Detail * Samit Upadhyay Tata AIA Life Insurance Full Detail * Vikas Agarwal AirAsia Limited Full Detail * Pratyush Mittal Mondelez India Foods Pvt Ltd (Formely Cadbury) Full Detail More from the cfo wall CFO VIDEOS * FMCG BUSINESS: WHAT TO EXPECT IN THE NEXT 5 YEARS? ETCFO organized the 10th session of the Digital Boardroom titled, “FMCG business: what to expect in the next five years?”. Finance Leaders Abhijeet Kamasamudram CFO, McCain Foods India; Umesh Sharma, CFO, Jubilant Industries; Manish Ojha, CFO, Amul Dairy; Sanjay Agarwal, CFO, Jyothy Labs; and Ashish Jain, CFO, KRBL Limited shared their insights. * 75 days ago ONDC'S EXPANSION PLANS AND WHAT IT MEANS FOR BUSINESSES * 83 days ago ANDERSEN CHAIRMAN BULLISH ON INDIA MARKET * 83 days ago EY SPLIT HEALTHY, OTHERS SHOULD FOLLOW SUIT: ANDERSEN CHAIR MARK VORSATZ View More EDITOR'S PICK * 14 mins ago AT 57.8, INDIA'S MANUFACTURING PMI IN DECEMBER RISES TO HIGHEST IN 26-MONTHS * 1 hr ago WHAT ARE THE TOP RISKS CFOS MAY FACE IN 2023? * 3 days ago WHAT ARE THE TOP PRIORITIES OF CFOS IN 2023? * 4 days ago OUTLOOK 2023 : HOW BULLISH ARE INDIA INC CFOS? * 5 days ago GST: GOVT CLARIFIES ITC WON'T BE DISALLOWED FOR FY18, FY19 MISMATCHES IN BONAFIDE ERRORS MOST READ * 5 days ago WRAP 2022: INDIA INC’S MOST DISCUSSED CFO APPOINTMENTS THIS YEAR * 6 days ago COVID OR NOT, SULA’S GROUP CFO IS TAKING HOME WINE CONSUMPTION BET INTO 2023 * 5 days ago GST: GOVT CLARIFIES ITC WON'T BE DISALLOWED FOR FY18, FY19 MISMATCHES IN BONAFIDE ERRORS * 6 days ago WHAT'S IMPORTANT FOR CFOS IN 2023? * 5 days ago GOVERNMENT TWEAKS GST RULES FOR CLAIMING INPUT TAX CREDIT LEGALLY SPEAKING * 1 World Environment Day: Environmental Law and Policy Implementation: A key to India’s economic growth * 2 Shopping for better deals? 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