| ETCFO Newsletter | Saturday, May 10, 2025 |
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Daily Newsletter
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Editor's View
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State Bank of India will reduce its stake in Yes Bank to just over 10%, while Japan's SMBC will hold 20% after acquiring a 13.19% stake for 88.89 bil...
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IndusInd Bank acknowledges an independent review flagged potential insider trading issues involving its CEO and deputy, who traded shares before publi...
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India abstained from voting on IMF loans to Pakistan, citing concerns about the nation's history of misusing funds and sponsoring cross-border terrori...
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For Swiggy, store expansion going forward will be a derivative of growth for the company and not the other way round. As for the quality of growth, wh...
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The BFSI sector led in deal values in April 2025, accounting for 28% of the total, buoyed by Warburg Pincus and ADIA's $862 million investment in IDF...
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Sanjay Singal, former promoter of Bhushan Power and Steel, has appealed to the NCLT Delhi to enforce the Supreme Court's decision overturning JSW Stee...
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The Institute of Chartered Accountants of India (ICAI), the world's largest accounting body, set up by an Act of Parliament under the Chartered Accoun...
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Nirmala Sitharaman chaired a meeting with bank and insurance heads. The meeting addressed cyber security readiness due to border tensions. Banks were ...
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In a statement, the foreign ministers of the G7 countries said further military escalation poses a serious threat to regional stability.
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The Confederation of Indian Industry (CII) on Friday expressed its solidarity and "unequivocal support" to the government and Indian armed forces for ...
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As tensions between India and Pakistan continue to rise, Indian Oil Corporation has assured the public that there is no shortage of fuel in the countr...
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The 1-month non-deliverable forward indicated that the rupee will open at 85.80 to 85.90 to the U.S. dollar compared with 85.71 in the previous sessio...
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Bhushan Power & Steel's creditors, including SBI and PNB, are evaluating legal options after the Supreme Court overturned JSW Steel's resolution plan ...
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Policy & Macro
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The Centre's Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has notified the expansion of the Cred...
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The India-UK Free Trade Agreement aims to strengthen economic ties, benefiting Indian exports like textiles and UK exports like Scotch whisky. While t...
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WTO chief Ngozi Okonjo-Iweala welcomes talks between US and Chinese officials this weekend as a "positive and constructive step toward de-escalation" ...
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Governance, Risk & Compliance
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Sebi has proposed changes to the corporate governance disclosure format for High Value Debt Listed Entities (HVDLEs), requiring them to submit secreta...
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Finance & Banking
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According to the RBI, ranking of loan offers will only be allowed if based on publicly disclosed metrics, and this should not be interpreted as favour...
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Tax
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Delhivery Limited faces a show cause notice from the Directorate General of GST Intelligence (DGGI), Mumbai Zonal Unit, regarding a tax rate interpret...
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Corporate
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Indian billionaires Mukesh Ambani and Gautam Adani have pledged their support to the armed forces amidst escalating tensions with Pakistan. This comes...
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