Economic Times Top Stories

• Good time to raise funds via ECBs, trend may continue for next 2-3 years, says UGRO Capital CFO
• Taxman opens the parcel: GST sleuths probe restaurant packaging charges
• Cap gains of NRIs on mutual fund units can’t be taxed in India: ITAT
• Canara Bank appoints Amit Mittal as Group CFO for three-year term
• Sebi bats for ‘optimal regulation,’ likely to revamp norms
• PwC wraps up IndusInd Bank’s accounting review; forensic probe by Grant Thornton underway
• Trump Tariffs: CFOs should stay prepared
• NFRA urges auditors to strengthen identification, disclosure, and fraud prevention in related party transactions audits
• Real estate CFOs see RBI rate cuts boosting home affordability, demand

Economic Times

• Banks may struggle to fully transmit repo rate cuts on high share of MCLR-linked loans
• Mivi eyes Rs 1,000 cr revenue in FY26 with category expansion, geographic scaling, new mfg facility
• FPIs pull out nearly ₹32k cr from equities in April so far
• FDI in India's pharma sector crosses Rs 19,134 crore during 2024-25
• IIFL Finance to raise up to Rs 500 cr via NCD
• Greenko founders raise $800 mn loan to buy out Orix stake
• OpenAI says it raised $40 billion at valuation of $300 billion
• Electronics giants like Dixon Technologies, Micromax plan Rs 1,000 crore investment, partner hunt on
• IndusInd Bank, stung by accounting lapses, raised $2 billion via market deposits in March
• Rs 17,000 crore IPO! Tata Capital’s D-St debut plan now hinges on NCLT nod for merger with Tata Motors Fin

CA Club India

• Dabur's Hajmola Under GST Scanner: Will It Be Taxed at 12% or 18% GST?
• GST Jolt for Karnataka Apartments: 18% Tax on Maintenance Fees Sparks Outrage
• Over 9.19 crore ITRs filed for FY 2024-25 by 31st March 2025
• GSTN Issues Advisory on Reporting Values in Table 3.2 of GSTR-3B
• GSTN to Implement Phase-III Changes in Table-12 of GSTR-1/GSTR-1A from April 2025
• MP Mason Receives Rs 314.79 Crore IT Notice, Alleges Identity Fraud
• ICAI Releases Exposure Draft of Standards on Auditing for LLPs, Invites Public Comments
• Mohandas Pai Criticizes Rising Tax Harassment, Calls Out 'Regulatory Oppression'
• Farmer Shocked by Rs 143 Crore IT Notice Linked to PAN Card Fraud
• CBIC Notifies Constitution of Interim Boards for Settlement Across Four Major Cities

BBC News

• Manchester Arena families in 'disbelief' bomber was able to attack officers
• Birmingham bin strike to continue as workers 'overwhelmingly' reject deal
• Supplies to be sent to Scunthorpe to keep blast furnaces going
• What Trump really wants from Canada
• Pontins owner charged with corporate manslaughter after grandmother's death
• Biggest choice of low-deposit mortgages for 17 years
• Katy Perry among all-female space crew back on Earth after historic flight
• Big drop in plays staged by theatres over past decade
• Mark Zuckerberg defends Meta in social media monopoly trial
• Conditions at Gaza hospitals 'beyond description' after Israeli attacks, WHO says