Trump Declares “Deal Done” with China as Musk Makes Surprise Apology
Today’s breaking update: former President Trump declared a major U.S.–China trade deal “done” while Elon Musk made a public apology, stepping back from their headline-grabbing feud. Here’s what’s unfolding: In a Truth Social post early this morning, Trump proclaimed that after talks in London, a framework agreement with China is complete—though awaiting formal signatures […]
An introduction to Cost Engineering
The perspective No one who has responsibility for managing major, complex, high-tech programmes with a high development content will dispute the importance of the cost and financial aspects involved in the projects, or the particular difficulty of assessing and controlling costs. Cost will be a constant source of concern, particularly so when considering different technical […]
Activity-Based Costing: Tools and Techniques for Strategic Cost Management
In today’s competitive business landscape, accurate cost information is pivotal for strategic decision-making. Traditional costing methods often fall short in allocating overheads precisely, leading to distorted product costs. Activity-Based Costing (ABC) emerges as a robust methodology that assigns costs to activities based on their consumption of resources, and subsequently to products or services based on […]
Environmental Costing Made Simple: Highlights from ICMAI’s Guidance Note
Guidance Note on Environmental Costing by ICMAI The “Guidance Note on Environmental Costing” issued by the Institute of Cost Accountants of India (ICMAI) in April 2025 is a timely and comprehensive document aimed at integrating environmental considerations into cost accounting practices. This guidance note responds to the growing need for businesses to measure, manage, and […]
Success Stories of Startups in India in the Last One Decade
Over the last decade, India has emerged as one of the world’s largest and most vibrant startup ecosystems, nurturing innovation across technology, finance, healthcare, education, and logistics. What began as isolated entrepreneurial efforts in metropolitan hubs has now evolved into a national movement, supported by policy reforms, investor interest, and digital infrastructure.This transformation has not […]
Effective Working Capital Strategies for Sustainable Growth of MSMEs in India
In India’s economic landscape, Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role, contributing over 30% to the GDP and generating large-scale employment. However, one of the most persistent challenges MSMEs face is managing working capital effectively. Given their limited access to financial markets, restricted bargaining power, and susceptibility to payment delays, working capital […]
Cost Reduction – Role of the Management
In today’s highly competitive and globalized business environment, cost reduction is not merely a financial necessity but a strategic imperative. Rising input costs, shrinking margins, regulatory challenges, and economic uncertainties have compelled companies to reassess their cost structures continually. Amidst these dynamics, the role of management becomes pivotal—not only in identifying and implementing cost reduction […]
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