| ETCFO Newsletter | Tuesday, April 29, 2025 |
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Daily Newsletter
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Top Stories
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In a major reform to India's GST dispute resolution, the government has notified the GST Appellate Tribunal (Procedure) Rules 2025. Experts welcome th...
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The Central Board of Direct Taxes (CBDT) has directed the field formations of the Income Tax Department to step up the drive against black money and t...
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In the filing made with the Registrar of Companies, the audit firm said VerSe did not have appropriate internal controls over the selection and evalua...
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The Trump administration is set to ease the impact of automotive tariffs by reducing duties on foreign parts used in domestic car manufacturing. This ...
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The Central Board of Direct Taxes is updating income tax return forms. This aims to address income underreporting. The new forms will seek more detail...
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Policy & Macro
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The rating agency estimates that the tariff-related impact could erode operating profits by Rs2,700-4,500 crore, equivalent to 10-15 per cent of the o...
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The Haryana government appealed to the 16th Finance Commission for a larger share of central tax revenues, emphasizing its fiscal management and uniqu...
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The government is planning a national manufacturing mission. An inter-ministerial committee has been formed for this.
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Governance, Risk & Compliance
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Adani Green stated that an independent review found no non-compliance related to U.S. bribery allegations against Gautam Adani and top executives. The...
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Accounting, Legal & Tax
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The Karnataka High Court has put a hold on a Rs 50 crore GST demand imposed on Himesh Foods (Pvt) Ltd, the company behind Mad Over Donuts. The GST aut...
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Jewellery exporters are set to benefit from a new approval. Mumbai International Airport will allow jewellery import and export via personal carriage ...
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Business & Fund raising
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InCred Financial Services, an Indian lending firm, is preparing for an initial public offering. The company aims to raise approximately 40 billion rup...
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Urban Company, backed by Accel, is set to file its DRHP for a Rs 2,000-crore IPO, comprising a fresh issue of Rs 500 crore and a Rs 1,500 crore second...
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Finance & Banking
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Indian non-banking finance company Shriram Finance is mulling raising funds denominated in Japanese yen to diversify its borrowing profile, with talks...
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Finance Minister Nirmala Sitharaman urged stakeholders to address UPI infrastructure gaps, aiming for one billion daily transactions in 2-3 years. She...
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Corporate
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India Cement, now a subsidiary of UltraTech Cement, anticipates a sharp rise in profitability. The company aims to achieve an Ebitda per tonne of over...
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PNB Housing Finance announced a notable 25% surge in net profit, reaching Rs 550 crore for the March quarter, driven by increased interest income and ...
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Global giants are eyeing India for growth amid challenges in developed markets. Companies like P&G and PepsiCo see steady consumption in India. Govern...
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Economy
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India's industrial production saw a marginal increase to 3% in March 2025, slightly up from February's 2.7%. However, this growth was lower than the 5...
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