| ETCFO Newsletter | Saturday, December 21, 2024 |
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Daily Newsletter
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Top Stories
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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...
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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...
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Large private equity (PE) deals, high-profile corporate mergers such as RelianceDisney, AdaniACC and Ambuja, and Mankind's acquisition of Bhara...
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InCred Finance, the consumer and MSME lending arm of the InCred Group, has announced the appointment of Gaurav Maheshwari as Chief Financial Officer (...
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Leadership
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Sojan's appointment follows the resignation of Ravi Sharma, who stepped down as CFO and Key Managerial Personnel of the company.
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Accounting, Legal & Tax
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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...
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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...
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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...
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Cipla Ltd. was fined over â¹1 crore by the GST authority for allegedly claiming inadmissible credit. The company disputes the penalty, calling it arb...
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Hindustan Unilever faces a â¹44.87 lakh GST credit disallowance and an equal penalty from the Patna tax authority. The company plans to challenge th...
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Policy & Macro
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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...
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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...
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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 ...
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Corporate
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Tata Trusts has implemented stricter monthly reviews of projects to control operational costs and improve the impact of its philanthropic efforts. An...
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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...
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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...
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Tata Group refuted rumors of Starbucks leaving India. Starbucks operates 457 stores in India through a joint venture with Tata. The company aims to ...
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The announcement was made during the 2024 Bihar Business Connect investor summit in Patna, where the group emphasized its commitment to creating over ...
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Economy
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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...
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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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