| ETCFO Newsletter | Tuesday, July 22, 2025 |
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Daily Newsletter
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Top Stories
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In a rare alignment with ICAI despite past rifts over SA 600 and SQM, NFRA has recommended to the Lok Sabha Panel that only CAs be authorised for tax ...
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A parliamentary panel has suggested key changes to the Income-Tax Bill 2025, focusing on clarity and alignment with existing laws. The recommendations...
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Jagdeep Dhankhar resigned as Vice President of India. He cited medical advice as the reason. His resignation is effective immediately. Dhankhar served...
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The Indian finance sector accounted for 14% of the overall deal volumes, and 33% of total values from April to June in 2025. The sector recorded 79 de...
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Foreign investors have pulled out $9.2 billion from Indian equities in 2025 so far, with major outflows from IT and FMCG. However, they've bet big on...
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Policy & Macro
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The Parliamentary Select Committee has proposed significant changes to the Income Tax Bill 2025, focusing on taxpayer protection and clarity. Key reco...
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Union Minister of Consumer Affairs Pralhad Joshi on Sunday chaired a meeting with senior officials to review the issue of dark patterns impacting digi...
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However, to ensure oversight from an anti-money laundering and countering the financing of terrorism (AML/CFT) perspective, the Financial Intelligence...
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Finance Minister Nirmala Sitharaman informed Parliament on Monday that the government has undertaken a series of measures to reduce the unemployment r...
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India's debt accumulation slowed relative to GDP growth between FY21 and FY23, signaling positive debt sustainability, according to the Comptroller an...
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Leadership
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Anup Kumar Saha resigned as managing director of Bajaj Finance, a few months after his appointment, citing personal reasons. This comes as Saha is amo...
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Suparna Banerjee Bhattacharyya has resigned as Chief Financial Officer of Schneider Electric Infrastructure, effective July 21, 2025, to explore oppor...
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Governance, Risk & Compliance
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Sebi has permitted Jane Street, the US-based proprietary trading firm, to resume trading activities. This decision follows Jane Street's compliance wi...
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"Third-party products and services, including those of promoter groups or bank group entities, shall not be displayed on banks' digital banking channe...
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Accounting, Legal & Tax
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The Income Tax Department is offering relief to taxpayers who received demand notices for short deduction or collection of TDS/TCS due to transactions...
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A vegetable seller in Karnataka received a hefty GST notice of Rs 29 lakh, despite dealing primarily in fresh, untaxed produce. This has fueled a shif...
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The Goa cabinet has approved amendments to the Goa Tax on Infrastructure Act, 2009, allowing infrastructure tax/service charge collection in two insta...
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Business & Fund raising
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Milky Mist Dairy Food has filed for an IPO to raise Rs 2,035 crore, including a fresh issue for debt repayment and facility expansion. The company, kn...
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IREDA plans to raise Rs 2,500-3,000 crore via QIP this fiscal, diluting another 3.76% of government stake after a successful IPO. The company aims to ...
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Finance & Banking
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PNB Housing Finance reported a strong first quarter for fiscal year 2025, with net profit increasing by 23% to Rs 534 crore. The company's total incom...
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Industry
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Several major companies, including Reliance, Adani, and Mahindra, are eager to collaborate with the skill development ministry on the National Scheme ...
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Corporate
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Nayara Energy, backed by Rosneft, plans to invest significantly in downstream projects. The company criticizes the EU sanctions as unjust and harmful ...
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