| ETCFO Newsletter | Wednesday, May 7, 2025 |
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Daily Newsletter
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Top Stories
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India Inc CFOs and experts have hailed the India-UK Free Trade Agreement (FTA) as a transformative move to boost exports, improve profitability, and e...
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For Entry 5B to apply, there has to be a TDR transaction as per the UDCPR definition, not just any development right, the court ruled.
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India-Pakistan Conflict: The BSE Sensex fell 0.2%, or 155.7 points, to close at 80,641, while the NSE Nifty-50 slipped 0.3%, or 81.55 points to end at...
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India initiated Operation Sindoor after the Pahalgam terror attack. The operation targeted terror camps in Pakistan and PoK. Indian forces struck nine...
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President Trump announced that India has agreed to eliminate its high tariffs, a move he attributes to his negotiation skills. He emphasized that Indi...
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India's Commerce Minister Piyush Goyal has warned the EU of retaliatory duties if they proceed with the Carbon Border Adjustment Mechanism, potentiall...
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Policy & Macro
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India has proposed eliminating tariffs on steel, auto components, and pharmaceuticals for a specific import quantity in trade negotiations with the US...
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Leadership
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Acharya was placed under suspension on March 7, 2024, after he 'declined' to take up the directorship of Shipping Corporation of India Land and Asse...
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Kuhoo Finance, an RBI-licensed NBFC, has appointed Vineet Mahajan as its CFO to bolster its financial strategies. Mahajan, with 25 years of BFSI exper...
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Governance, Risk & Compliance
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Sebi has barred Synoptics Technologies and its promoters from the securities market due to alleged siphoning of IPO proceeds. The regulator also restr...
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The RBI is cracking down on corporates with unresolved ODI violations, setting an August 25, 2025 deadline. Companies failing to rectify past lapses f...
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Sebi has introduced an 'investor charter' for KRAs, outlining services, rights, and grievance redressal for investors. This initiative aims to enhance...
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Business & Fund raising
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Five companies, including Veritas Finance, Laxmi India Finance, and Ajay Poly, have received SEBI's approval for their IPOs. Veritas Finance aims to r...
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Sundaram Home Finance aims to raise over Rs 6,000 crore in FY26 through various financial instruments. The company reported a 26% increase in net prof...
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Industry
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The Micro, Small and Medium Enterprises (MSME) sector in India presents a significant lending opportunity due to a credit gap of approximately Rs 28 l...
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Corporate
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Jammu and Kashmir Bank, after surpassing Rs 2,000 crore in profits for FY25, aims for Rs 5,000 crore by 2030. CEO Amitava Chatterjee emphasizes increa...
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Yes Bank has clarified reports of Sumitomo Mitsui Banking Corp.'s (SMBC) potential stake acquisition, stating that discussions are preliminary and spe...
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Fino Payments Bank is gearing up to transform into a small finance bank, anticipating approval from the RBI. This strategic shift aims to enhance enga...
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Economy
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Following Indian armed forces' strikes on multiple sites in Pakistan and Pakistan-occupied Jammu and Kashmir, the Indian rupee weakened against the U....
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Moody's Ratings has revised India's GDP growth forecast for 2025 downward to 6.3% due to anticipated global economic slowdown driven by US policy unce...
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India-Pakistan tensions: Following the Pahalgam attack, India is employing economic pressure tactics against Pakistan, including potential opposition ...
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