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ETCFO Newsletter | Saturday, December 21, 2024

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Switzerland's suspension of the Most-Favoured-Nation (MFN) status, effective January 2025, follows an Indian Supreme Court ruling that reversed a jud...
Today, a CFO and CEO may hold different primary responsibilities yet both are comparable in terms of the leadership role they play and the impact they...
Large private equity (PE) deals, high-profile corporate mergers such as RelianceDisney, AdaniACC and Ambuja, and Mankind's acquisition of Bhara...
InCred Finance, the consumer and MSME lending arm of the InCred Group, has announced the appointment of Gaurav Maheshwari as Chief Financial Officer (...
 
Leadership
Sojan's appointment follows the resignation of Ravi Sharma, who stepped down as CFO and Key Managerial Personnel of the company.
 
Accounting, Legal & Tax
Also, the Group of Ministers (GoM) on GST compensation cess is likely to get a six month extension till June, 2025, to submit its report. The compensa...
Realty developers' body CREDAI has written to the finance minister Nirmala Sitharaman urging a review of the proposal as the move would result in a s...
The Indian government held steady on sin taxes for tobacco in the latest budget. Cigarette taxes remained unchanged. A proposed 35% GST on sin goods l...
Cipla Ltd. was fined over ₹1 crore by the GST authority for allegedly claiming inadmissible credit. The company disputes the penalty, calling it arb...
Hindustan Unilever faces a ₹44.87 lakh GST credit disallowance and an equal penalty from the Patna tax authority. The company plans to challenge th...
 
Policy & Macro
TReDS is an initiative introduced by the RBI and backed by the MSME Ministry. It serves as an electronic platform facilitating the financing and disco...
On October 24, India's top court ordered that companies will be liable to pay statutory dues even on non-telecom revenue earned using spectrum. The am...
As per a statement from the central bank, the Board placed on record its appreciation of the valuable services rendered by Shaktikanta Das during his ...
 
Corporate
Tata Trusts has implemented stricter monthly reviews of projects to control operational costs and improve the impact of its philanthropic efforts. An...
UltraTech Cement got approval to acquire India Cements. The deal expands UltraTech's presence in South India. UltraTech bought a 32.72% stake for Rs...
Indian paper manufacturers face a 2-3per cent revenue dip this fiscal year. Operating margins will likely shrink to 15-16per cent. High wood costs a...
Tata Group refuted rumors of Starbucks leaving India. Starbucks operates 457 stores in India through a joint venture with Tata. The company aims to ...
The announcement was made during the 2024 Bihar Business Connect investor summit in Patna, where the group emphasized its commitment to creating over ...
 
Economy
Total imports of finished steel were at an eight-year high with India, the world's second-biggest crude steel producer, a net importer during the peri...
India's rapid economic growth needs a green makeover. Technology is key to cutting emissions. India can lead in green tech. We must build our own s...
 
 
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