| ETCFO Newsletter | Wednesday, October 1, 2025 |
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Daily Newsletter
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Top Stories
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Recent cases of chief financial officers siphoning off corporate funds at Marcellus Investment Managers and Gameskraft Technologies have reign...
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The RBI's repo rate decision on Wednesday is expected to be tight, with low inflation and slowing growth from US tariffs providing reasons to ease. W...
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The income tax department is launching a drive to nudge 25,000-30,000 landowners in Kolkata and Bengaluru, identified for not paying capital gains tax...
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The government monitors e-commerce platforms for GST rate cut compliance. It ensures consumer benefits are passed on for daily use items. Authorities ...
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The U.S. government is poised for a shutdown after a Senate vote to extend funding failed, driven by deep partisan divides over healthcare subsidies. ...
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Automation and Innovation
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The plan is in its early stages, with Nasscom AI, the industry body's AI initiative, set to start consultations with industry experts and developers i...
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Policy & Macro
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The monthly accounts of the Government of India up to the month of August, 2025 has been consolidated and reports published.
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Oil marketing companies will revise fuel prices from October 1, 2025. Commercial LPG cylinders will see a price increase of Rs 15.50 in Delhi. Aviatio...
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Leadership
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Adani Total Gas Ltd announced that CFO Parag Parikh resigned effective September 30, 2025. The company said the process to appoint his replacement is ...
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The government has appointed new leaders for two public sector banks. Asheesh Pandey will now serve as MD and CEO of Union Bank of India. Kalyan Kumar...
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Nayyar, who has served as boAt's Chief Operating Officer for three years, brings over 20 years of experience, including eight years as a Partner at Ba...
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Ramky Infrastructure Limited has announced top management changes effective October 1, 2025, with Sunil S Nair appointed Chief Executive Officer and C...
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Governance, Risk & Compliance
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Sebi's recent clarification mandates listed companies disclose promoter relatives, including in-laws and their entities, in shareholding filings, even...
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Mumbai Police are investigating alleged accounting irregularities at IndusInd Bank, scrutinizing the hurried exit of senior dealer Pushkar Gondane. Go...
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Accounting, Legal & Tax
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New India Assurance (NIA), the country's largest state-run general insurer, has been directed to pay â¹23.79 billion by the local tax authority over...
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The court rejected AAI's plea on export cargo handling, affirming broad tax liability under the Finance Act provisions.
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The Maharashtra Cabinet chaired by Chief Minister Devendra Fadnavis, on Tuesday, approved a hike of 9.90 paise per unit in the additional tax on sale ...
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Business & Fund raising
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LG Electronics India's 15,000 crore IPO will open on October 7. The issue is an offer for sale from its Korean parent. All funds will go to the sellin...
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WeWork India is launching its Initial Public Offering this week. The company posted a loss of fourteen point one four crore rupees in the first quarte...
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Corporate
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Mitsubishi UFJ Financial Group (MUFG) is in advanced talks to acquire a 20% stake in Shriram Finance for â¹23,200 crore ($2.6 billion), potentially t...
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Axis Bank is re-evaluating its plan to sell a stake in Axis Finance. The bank awaits clarity on the Reserve Bank of India's upcoming circular. Potenti...
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Seven Indian firms, including L&T, HAL, Adani Defence, Tata Advanced Systems, and Kalyani Strategic Systems, have submitted bids for the Advanced Mult...
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Economy
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India's fiscal deficit for April to August stood at â¹5.98 lakh crore. This represents 38.1% of the full-year target for FY26. Higher capital spendin...
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The Indian rupee dropped to an all-time low on Tuesday. It reached 88.80 against the US dollar, breaking last week's record of 88.7975. Persistent tra...
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