News Roundup - 2025-06-09

News Roundup 2025-06-09

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ETCFO Newsletter | Monday, June 9, 2025

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Top Stories
When evaluating between short-term profits and long-term gains, it's not a trade off, but a balancing act, says Ankur Goel, CFO of Akasa Air, on...
The government is considering banks' request to amend income tax law, aligning NPA definitions with RBI norms to exempt interest earned on NPAs. Banks...
Singapore is increasing its scrutiny of companies' economic substance, potentially leading to tax disputes for MNCs and funds investing in India. Rece...
HDFC Bank refutes Lilavati Trust's claims against MD and CEO Sashidhar Jagdishan. The Trust alleges his involvement in financial fraud. HDFC Bank call...
Following the Reserve Bank of India's repo rate cut, banks like Bank of Baroda and Punjab National Bank have lowered their repo-linked lending rates b...
 
Policy & Macro
Chinese consumer prices fell for the fourth straight month in May, data showed Monday, as the world's second biggest economy struggles with sluggish s...
 
Leadership
Gautam Adani's earnings for fiscal year 2025 totaled Rs 10.41 crore. This figure is less than many of his peers. Adani drew salaries from Adani Enterp...
 
Governance, Risk & Compliance
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea filed by the Resolution Professional (RP) of the Think and Learn Private Limi...
Sebi has issued a corrigendum in the IndusInd Bank insider trading case, clarifying that a key document referred to as a board note in its inter...
 
Business & Fund raising
Indian primary market is expected to revive. Over twelve companies are preparing for Initial Public Offerings. HDB Financial Services and National Sec...
 
Finance & Banking
With interest rates declining, banks face the challenge of attracting deposits. Experts suggest innovative products like fixed deposit-linked credit c...
 
Corporate
Megha Engineering's shareholders, the Reddy duo, are finalizing a family settlement where PV Krishna Reddy will acquire Pamireddy Pitchi Reddy's 51% s...
Mizuho Financial Group is set to acquire KKR-backed Avendus Capital for $700 million, marking Mizuho's largest investment in India. The deal involves ...
Reliance Infrastructure is set to significantly expand its defence capabilities, targeting a Rs 5,000 crore aircraft upgrade market over the next 7-10...
Tata Steel is set to begin construction of its low-carbon electric arc furnace (EAF) steelmaking project in Port Talbot, UK, by July 2025, with operat...
 
Economy
India witnessed a 14% surge in total FDI, reaching $81.04 billion in FY25, the highest in three years. Maharashtra led with $19.6 billion, constitutin...
 
Markets
Stocks rallied Monday on hopes that a fresh round of China-US trade talks later in the day will ease tensions between the economic superpowers, while ...
 
Technology
Speaking at a Cisco event, Solomon said drafting the pre-IPO papers for a company used to take a six-person team and two weeks to create, but AI can d...
 
 
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