| ETCFO Newsletter | Thursday, May 15, 2025 |
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Daily Newsletter
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Top Stories
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Randstad India is set to add 15,000+ staff and boost executive hiring by 30% in 2025, positioning India as a global digital and talent hub. But can it...
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Currently at a consultation stage, the finance taxonomy in India will initially focus on sectors like power, mobility, buildings, agriculture, and har...
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India and the US are collaborating on a revised customs audit process to reduce consignment rejections and expedite goods movement amidst ongoing trad...
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IndusInd Bank is facing scrutiny over past accounting reversals flagged in a whistleblower letter to the RBI and the board. The letter also highlighte...
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SEBI has broadened the eligibility criteria for professionals who can be part of the internal audit teams at Credit Rating Agencies. The revised rules...
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Indian travelers are boycotting Turkey due to its support for Pakistan during Operation Sindoor. India is strategically countering Turkey's actions by...
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Policy & Macro
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The Union Cabinet has approved a semiconductor manufacturing unit in Jewar, Uttar Pradesh, India's sixth.
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Governance, Risk & Compliance
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BluSmart faced financial issues and suspended operations. Now, lenders are trying to sell around 1,500-2,000 of its electric vehicles. Several compani...
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Enforcement Directorate shared findings of its FEMA probe against Gensol Engineering promoters with Delhi Police EOW. The agency indicated a case agai...
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Goldman Sachs will pay a $1.45 million fine to settle claims by FINRA for inaccurate reporting of billions of stock market trades. Coding errors led t...
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Gensol Engineering's appeal was disposed of by the Securities Appellate Tribunal (SAT), granting the company two weeks to respond to SEBI's interim or...
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The CBI is investigating a bribery case involving Shapoorji Pallonji Infrastructure Gujarat Private Ltd, where an Income Tax Commissioner allegedly re...
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Accounting, Legal & Tax
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Income tax return forms 2025-26: The income tax department has notified the ITR forms for the FY 2024-25 (AY 2025-26). The utilities to file the tax r...
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Mankind Pharma faces a tax demand. The Income Tax department has raised concerns. The company received orders for additional tax. The demand totals Rs...
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The ITAT Mumbai ruled that a gift from a stepsister to her stepbrother is exempt from income tax, overturning the tax department's addition of Rs 7.88...
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The Delhi High Court has raised concerns about the misuse of a Central Goods and Services Tax Act provision, fining a firm for fraudulently claiming i...
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Great news for Goods and Services Tax payers. The GSTN has issued a new advisory regarding the GST Amnesty Scheme. Taxpayers can now submit a screensh...
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Business & Fund raising
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Shapoorji Pallonji Group, an Indian conglomerate, is poised to finalize a $3.4 billion debt agreement, potentially India's largest private credit deal...
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Data published by the Reserve Bank of India (RBI) Wednesday showed that external commercial borrowing (ECB) registrations by companies, including non-...
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Jio Credit, a subsidiary of Jio Financial Services, has successfully raised â¹1,000 crore through its inaugural bond issuance to domestic investors. ...
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Alternative finances and digital lending are gaining pace for credits to the Micro, Small and Medium Enterprise (MSME) sector, shows data from a surve...
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Industry
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Firms like Lupin, Biocon Biologics, CitiusTech, Cipla, Dr Reddy's Laboratories, Sanofi, and Novartis are scaling up R&D teams, said industry official...
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