ETCFO Newsletter | Saturday, September 6, 2025 |
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Daily Newsletter
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Top Stories
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The rate rationalisation has eased working capital pressures by aligning input and output tax rates, and paving the way for quicker provisional refund...
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Terming the GST reforms as a "big vigilance" exercise, the Union Minister mentioned that the government has a lot of work after September 22 and expre...
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US Commerce Secretary Howard Lutnick suggests India will eventually seek a deal with Donald Trump, despite current tensions over Russian oil purchases...
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RCom is undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. The resolution plan was approved by the Com...
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Foreign Institutional Investors (FIIs) have aggressively sold off Indian financial and IT stocks, withdrawing over Rs 60,000 crore in two months due t...
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Automation and Innovation
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Anthropic will pay at least $1.5 billion to settle a US class action lawsuit over allegedly using pirated books to train its artificial intelligence m...
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Policy & Macro
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Indian stock indices closed slightly higher on Thursday. Early gains, driven by GST changes, faded as investors booked profits. Consumer goods and aut...
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Peter Navarro, trade advisor to Donald Trump, is stirring controversy by supporting tariffs on foreign remote workers, potentially impacting India's I...
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Charlie Kirk's recent remarks against providing more US visas for Indian professionals have sparked controversy, raising concerns about the potential ...
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After incendiary remarks strained ties with India, President Trump attempted damage control, affirming the "special relationship" despite disappointme...
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Analysts attributed the surge to a mix of factors: a major refinery's surprise decision to advance maintenance, expected winter demand and looming EU...
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Governance, Risk & Compliance
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Ola Electric Technologies, the operating subsidiary of Ola Electric Mobility, is seen as having the deficiency. The material weakness in interna...
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The European Commission has fined Google 2.95 billion euros for anti-competitive practices in its adtech business, marking the company's fourth EU ant...
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Sebi has introduced a streamlined process for Know Your Client (KYC) Registration Agencies (KRAs) to surrender their registration, ensuring orderly wi...
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The Securities and Exchange Board of India (Sebi) alerts investors about scams. Fraudsters are using Sebi's name to send fake messages. They demand mo...
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Accounting, Legal & Tax
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Digital payment and consumer lending startups anticipate a boost in transactions this festive season following the government's GST cuts on key consum...
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Zomato and Swiggy are set to face an additional GST burden of Rs 180-200 crore annually following a GST Council clarification. The companies intend to...
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SBI's research indicates that GST reforms, including rate reductions, will result in a minimal revenue loss of Rs 3,700 crore, contrasting with the go...
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Corporate
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Company says Bank of Baroda's fraud classification of RCom and Anil Ambani loans is unrelated to its operations or finances and has no stakeholder im...
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As per Data Center Dynamics, the latest round of layoffs has extended beyond the Oracle Cloud Infrastructure (OCI) teams. This is the same team that w...
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Vedanta Group has emerged as the winning bidder for the debt-ridden Jaiprakash Associates (JAL), surpassing Adani Group with a Rs 17,000 crore offer. ...
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SpiceJet faced a setback in the first quarter of fiscal year 2025. The budget carrier announced a consolidated net loss of Rupees 234 crore. This cont...
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