| ETCFO Newsletter | Saturday, August 2, 2025 |
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Daily Newsletter
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Top Stories
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India's GST collections for July 2025 rose to Rs. 1,95,735 crore, marking a 7.5% year-on-year increase, driven by growth in both domestic and import ...
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India's manufacturing sector gained momentum in July, with the seasonally adjusted HSBC India Manufacturing PMI climbing to 59.1, up from 58.4 in Jun...
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India risks losing up to $33 billion in exports and a 20 basis point GDP hit as a 25% US tariff takes effect from August 1. With the trade deal deadl...
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The Institute of Chartered Accountants of India (ICAI) is collaborating with regulators like Sebi and RBI to create an early-warning system aimed at p...
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Apple and other global companies are optimistic about India's economic recovery. Apple's revenue grew, driven by smartphones, Macs, and services. New ...
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India's audit ecosystem remains tilted in favour of the Big Four, warns Baker Tilly ASA's Ajay Sethi, citing exclusionary tenders, restrictive priva...
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Jane Street is reportedly not cooperating with the Income Tax Department's investigation into alleged tax evasion and market manipulation. Access to t...
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Vedanta aims to reduce its cost of financing by at least 1 percentage point during the current fiscal year, bringing it down to around 8.5%, according...
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Capri Global Capital Ltd. has appointed Kishore Lodha as its Chief Financial Officer and Key Managerial Personnel, effective August 1, 2025. He replac...
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India's white-collar job market grew 7% YoY in July, driven by strong hiring in non-IT sectors like hospitality (+26%), insurance (+22%), and educati...
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The draft rules also propose the formation of a social security fund and the formalisation of compensation for workers in cases of accidents and mater...
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Policy & Macro
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The Reserve Bank of India (RBI) is projected to keep repo rates unchanged in the upcoming Monetary Policy Committee (MPC) meeting on August 6, a repor...
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Several major auto companies, including Tata Motors and Mahindra & Mahindra, have already submitted claims. While automakers are progressing well, con...
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Leadership
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Avax Apparels and Ornaments Ltd. has appointed Vikas Arora as Chief Financial Officer, effective August 1, 2025. He replaces Rajesh Singla, who resign...
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IndusInd Bank has made an announcement. Jyoti Prasad Ratho, previously the Head of Internal Audit, is no longer a part of the Senior Management Person...
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Governance, Risk & Compliance
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Anil Ambani has been summoned by the Enforcement Directorate for questioning in connection with an alleged `17,000-crore loan fraud case. Searches wer...
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The National Stock Exchange of India has agreed to pay Rs 40.35 crore to settle charges related to the indirect sharing of confidential information on...
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Industry
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ICRA projects affordable housing finance companies' assets to surge to â¹2.5 lakh crore by FY28, fueled by home loan demand and limited unsecured cre...
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Corporate
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Nayara Energy faces challenges due to sanctions linked to Rosneft's stake. The company is offering its petrol and diesel export volumes to Indian Oil ...
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Samsung partners with Startup India to empower young innovators, especially in smaller cities. The 'Solve for Tomorrow' initiative will collaborate wi...
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Economy
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A lot is being speculated since US President Donald Trump announced levying of 25 per cent tariff on exports from India. Meanwhile, India has withstoo...
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India's economy is on a strong growth path, and the recent 25 per cent tariff announcement by US President Donald Trump should be seen as a short-term...
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