MAM
COVID-19 not to impact quarter registers much: INOX
NEW DELHI: The ongoing crisis because of the spread of the novel coronavirus COVID-19 has been impacting global businesses adversely. In India, several places, including Delhi, Bangalore, and Maharashtra, have taken actions like shutting down malls and cinema halls to control the epidemic that has taken more than seven thousand lives globally. Along with it, several big production houses have deferred the releases of films, including Sooryavanshi and A Quiet Place 2, to contain the situation. Additionally, the box office numbers were below average for latest releases Baaghi 3 and English Medium.
This certainly is straining the business of cinema houses and can appear as a red mark in their cash registers when the quarter closes. However, the officials at INOX are not bothered about monetary losses right now and are hoping that they will be able to make up for it when the situation settles down. In an exclusive interaction with Indiantelevision.com, INOX revealed, “Our financials are a function of content. The better the content, the better will be the numbers. The quarter so far has seen the influence of good content, moderate content, and health-related concerns. We completely respect and appreciate the health concerns, and hope that we are able to compensate their hunger for cinematic entertainment once the concerns wane off.”
The cinema chain is positive that after this momentary glitch, people flock the cinemas once normalcy settles. “There is no doubt that the current situation demands a lot of our attention and focus, and therefore, we are channelising and committing our energies into ensuring a safe and healthy cinema-viewing experience for our guests. But at the same time, we firmly believe that with all the precautions and medical know-how, collectively, we will see through this impermanent phase. Thanks to the unparalleled passion and love for the cinemas, we have always been extremely optimistic about the business. Once the situation normalises, and the movie releases get back on their schedule, we are sure that our guests will start thronging the cinemas as they do always.”
For those cinema houses that are still functioning across the country, INOX is taking special preventive measures to take care of the health of their employees and customers. “We have increased the frequency of our housekeeping and daily deep cleaning routines. Disinfectants are being used for sanitising and wiping all touchpoints like food countertops, box office counters, armrests, grab rails, door handles & knobs, light switches, and other frequently used equipment. Kitchen stewarding processes have been intensified and are being carried out with utmost care,” said an Inox spokesperson.
Brands
Boeing appoints Barun as head of FP&A for global engineering function
Seasoned finance leader to steer budgets and strategy across global centres
BENGALURU: Boeing’s finance cockpit has a new pilot, and he is no stranger to turbulence or transformation. Boeing has appointed Barun as head of FP&A for global engineering, placing him at the centre of financial strategy for its worldwide engineering and technology operations.
Based in Bengaluru, Barun steps into a role that is as expansive as it is critical. He will serve as the primary finance lead for Boeing’s Engineering and Technology Centers globally, working closely with executive leadership to shape financial decisions, manage complex budgets, and design scalable finance processes that support the company’s growing engineering footprint.
In a note announcing his move Barun said, “I’m excited to share that I’ve joined Boeing Global Engineering. This opportunity is incredibly meaningful to me not just from a professional standpoint, but also for what Boeing represents globally.” He added that he looks forward to contributing to an organisation that continues to shape the future of aerospace and innovation.
Barun’s mandate spans strategic financial leadership, operational oversight, and stakeholder engagement. From directing large-scale budgets and schedules to influencing long-term organisational goals, the role blends financial discipline with business foresight. He will also lead cross-functional teams and partner with finance colleagues worldwide to support engineering programmes across geographies, including India.
The appointment caps a long stint at Juniper Networks, where Barun spent over a decade, most recently as finance senior manager. There, he led FP&A for global product business units and G&A functions, driving budgeting, forecasting, and long-range planning. He also played a key role in enterprise-wide transformation, including spearheading an Oracle to SAP ERP migration and building advanced analytics capabilities using tools such as Tableau and SAP Analytics Cloud.
His earlier career includes finance leadership roles at Sony India Software Centre, Cognizant Technology Solutions, and Mphasis, where he focused on financial planning, governance frameworks, and operational efficiency across global delivery centres.
A chartered accountant from the Institute of Chartered Accountants of India, Barun brings nearly two decades of experience across financial planning, digital transformation, and analytics-led decision making.
His appointment comes at a time when global engineering operations are becoming increasingly complex and distributed, requiring sharper financial oversight and agile planning. With Barun at the helm of FP&A for engineering, Boeing appears to be tightening its financial playbook as it looks to scale innovation with discipline.
