| ETCFO Newsletter | Tuesday, June 24, 2025 |
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Daily Newsletter
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Top Stories
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Finance Minister Nirmala Sitharaman urged tax officers to prioritize taxpayer grievance resolution and timely refunds. She emphasized reducing litigat...
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India and the United States are in discussions for a temporary trade agreement. Both countries are working to finalize the deal before July 9. The US ...
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The finance ministry has urged Irdai to enhance vigilance on claim settlements and grievance redressal amid rising health insurance premiums. Concerns...
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President Trump announced a ceasefire between Israel and Iran, but its status remains uncertain amidst ongoing strikes. Iran stated it would halt atta...
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Around 100,000 tonnes of basmati rice destined for Iran are stranded at Indian ports due to the Israel-Iran conflict, causing financial strain for exp...
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Automation and Innovation
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The tech industry faces ongoing job cuts in 2025, largely attributed to the rise of generative AI. Major companies like Alphabet and Microsoft are inc...
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Policy & Macro
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India is set to conduct its first full-scale household income distribution survey in 2026, overseen by a newly formed Technical Expert Group (TEG) cha...
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The finance ministry and Reserve Bank of India convened a meeting with stakeholders, including state government representatives, to discuss scaling up...
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Ammonia, an essential component in urea and other nitrogen-based fertilizers, is currently produced using fossil fuels, leading to high greenhouse gas...
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Reserve Bank of India has reduced the priority sector lending target for small finance banks. This move has boosted the share prices of listed entitie...
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Business & Fund raising
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SoftBank is considering acquiring Indian IT and BPO firms to integrate AI, moving beyond its traditional investment approach. It aims to enhance these...
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PhonePe, India's largest digital payments provider, is gearing up for an initial public offering. The IPO could potentially raise $1.5 billion. The fi...
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Kalpataru, a Mumbai-based real estate developer, is set to launch an IPO to raise â¹1,590 crore for debt repayment, diluting promoter stake to 81.3%....
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SoftBank-backed Meesho has completed its reverse flip, moving its domicile to India and becoming a fully Indian company. The board approved the merger...
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NTPC, a leading power company, is seeking shareholder approval to raise â¹18,000 crore through non-convertible debentures (NCDs) or bonds via private...
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Finance & Banking
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Fitch Ratings highlights the robust financial performance of Indian banks in fiscal year 2025. This strengthens their credit profiles and sets the sta...
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Air India's recent crash is set to impact airline insurance costs. Indian insurers anticipate premium hikes of up to 30 percent. This increase covers ...
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Industry
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Accenture's latest financials signal a demand slowdown for Indian software outsourcing. Deal bookings have weakened amid uncertainty. New bookings dec...
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These companies have made presentations to the government, including the Ministry of Heavy Industries, assuring that they will build supplies within I...
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In a representation to the Centre, the Electric Power Transmission Association (EPTA) urged the government to adopt a more flexible approach to the pl...
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Corporate
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Malabar Gold & Diamonds has inaugurated its 400th showroom in Noida, Uttar Pradesh, signaling a major step in its expansion strategy. The company, wit...
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