| ETCFO Newsletter | Saturday, May 17, 2025 |
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Daily Newsletter
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Top Stories
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GST Network has deferred the implementation of locking Table 3.2 in GSTR-3B, which shows inter-state supplies to unregistered persons and composition ...
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Gensol Engineering Limited faces turmoil as CFO Jabirmahendi Mohammedraza Aga resigns, citing intense regulatory scrutiny and internal dysfunction. On...
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The case centered on a dispute over the customs duty levied during the import of goods by Vedanta was provisionally assessed under Section 18 of the C...
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Sterling Powergensys has announced Pundlik Davane's appointment as Chief Financial Officer. The appointment is effective from February 13, 2025. The c...
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The government has approved 187 startups for income tax exemption under Section 80-IAC, bringing the total to over 3,700 since the scheme's inception....
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Sectors such as automotive, metals and mining and chemicals are seeing steady salary increases of about 6 per cent, driven by investments in automatio...
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Policy & Macro
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Commerce and Industry Minister Piyush Goyal is considering extending the implementation timeline for the quality control order (QCO) on electrical app...
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If Apple CEO Tim Cook decides to move manufacturing unit from India to US, it will be Apple which will lose more than India says a report by Global Tr...
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Myntra and Reliance's Ajio have ceased selling Turkish apparel brands due to boycott calls stemming from Turkey's support of Pakistan during a recent ...
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Governance, Risk & Compliance
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Reserve Bank of India has penalized Deutsche Bank India with Rupees 50 lakh. The penalty is for not following norms on large common exposures across b...
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The NCLT has directed Gensol Engineering to respond to an insolvency plea filed by IREDA, scheduling a hearing for June 3. IREDA's petition cites a de...
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Sebi has extended the deadline for implementing stricter rules on offshore derivative instruments (ODIs) issued by Foreign Portfolio Investors (FPIs) ...
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Business & Fund raising
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In the absence of banks, which focus on loans of Rs 15-20 lakh, NBFCs are finding growth opportunities in the high yielding micro-LAP (loan-against pr...
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International
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Following the closure of Malta's golden passport scheme, wealthy Indians are exploring alternative residency and citizenship options. Interest is grow...
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Industry
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Indian alcoholic beverage manufacturers are poised for continued growth, projecting an 8-10% revenue increase to Rs 5.3 lakh crore by fiscal 2026, fue...
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Corporate
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Sajjan Jindal Family Trust plans to sell JSW Infrastructure shares worth up to â¹1,200 crore via a block deal, offering 42 million shares at a floor ...
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Groww is set to acquire wealth-tech startup Fisdom for approximately $150 million in an all-cash deal, marking its entry into wealth management and of...
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Akasa Air is set to significantly expand its operations this fiscal year, focusing on international routes, particularly in Southeast Asia. Despite fa...
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The visit by the high-ranking Apple executive to the sprawling 300-acre Foxconn facility in Devanahalli on the outskirts of Bengaluru was timed as a r...
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Pennant Technologies successfully completed a core lending transformation for Bajaj Finance, India's largest non-bank lender. The transition to pennA...
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Economy
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The relevant committee had recommended risk provisioning under the Contingent Risk Buffer (CRB) be maintained within a range of 6.5-5.5% of the RBI's ...
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Moody's Ratings has downgraded the U.S. government's credit rating from Aaa to Aa1, citing concerns over rising debt and persistent deficits. This dec...
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The Indian economy is expected to grow at 6.8-7 per cent in the fourth quarter of the financial year 2024-25, driven by the agriculture sector, accord...
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The UN projects India's economic growth at 6.3% for 2025, a downward revision, yet the nation remains a fast-growing large economy due to strong consu...
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