| ETCFO Newsletter | Thursday, May 1, 2025 |
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Daily Newsletter
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Top Stories
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Finance leaders say deleveraged corporate balance sheets, together with improving cash flows from operations, point towards favourable conditions for ...
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Deepak Jain says prudent capital allocation and scalable capacity are key priorities as the company eyes double-digit underlying growth.
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The Income-Tax Department is scrutinizing payment gateway companies, demanding details on UPI transactions to uncover potential benami deals. Authorit...
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The Central Board of Direct Taxes (CBDT) has notified the income tax return forms ITR-1 and ITR-4 for the financial year 2024-25 and the assessment ye...
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IndusInd Bank faces uncertainty as CEO Sumant Kathpalia resigned following a â¹1,960-crore loss due to derivatives discrepancies, raising concerns ab...
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Vedanta Limited anticipates finalizing its business demerger by September. The demerger will lead to the creation of separate entities for its various...
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Policy & Macro
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Saugata Bhattacharya, an external member of India's rate-setting panel, suggests India has scope for further rate cuts due to declining inflation and ...
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Amid global economic uncertainties, central banks are increasing gold reserves for stability. The Reserve Bank of India significantly boosted its gold...
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US-INDIA-BOND-DEBT-$1.5 billion bond rush on the cards as Indian firms step up debt raises post RBI liquidity boost
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Leadership
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DreamFolks has appointed Shekhar Sood as its new Chief Financial Officer, effective April 30, 2025. Sood brings nearly two decades of global experienc...
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Balancehero India has appointed Anupam Vasdani as Chief Financial Officer, bringing over 20 years of expertise in fundraising, compliance, and financi...
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Governance, Risk & Compliance
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Sebi will amend rules to include these category of shareholders, so as to bring more shareholders under the dematerialisation mode and reduce the volu...
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Finance & Banking
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Credit demand at mainstream lenders slowed to 12% in FY25, down from 16% the previous year, influenced by regulatory curbs on retail and unsecured len...
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Industry
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Summer product companies face sales decline after a strong March. Air conditioner and refrigerator sales dropped in April, especially in the South and...
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India's luxury retail is booming. Leasing activity shows a big jump. Both global and local brands are expanding. They want to grab more of the premium...
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Occupier and investor demand for commercial real estate remains solid, with office space absorption continuing across key markets such as India, Indon...
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Corporate
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Indian Oil Corp, the country's top refiner, has agreed to a five-year liquefied natural gas (LNG) import deal with trader Trafigura, with prices li...
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Indian companies are gearing up to release their Q4 earnings, with Adani Enterprises and Adani Ports among the key names. All eyes are on Eternal, for...
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Rakuten currently employs 4,000 people in India - 90% of whom are tech staff - and plans to recruit people who it considers "power users" of AI.
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Philips anticipates double-digit growth in India, a key market with potential to be among its top five globally within five years. Vidyut Kaul highlig...
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Economy
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Maharashtra has emerged as the leading state in CareEdge Ratings' 2025 rankings, followed by Gujarat and Karnataka. The assessment, based on 50 indica...
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Markets
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The Indian rupee braved multiple headwinds in April including U.S. trade policy flip-flops and India-Pakistan tensions to come out stronger on the bac...
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