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The Economic Times NFRA’s latest audit inspections reveal major deficiencies in BSR & Co. and Lodha & Co.

The NFRA's recent audit inspections of BSR & Co. LLP and Lodha & Co. LLP have exposed significant lapses in related party transactions, audit documentation, and independence controls. However, the report highlights improvements from previous inspections for BSR & Co. Both firms have acknowledged these issues and committed to implementing corrective actions to enhance their audit practices and regulatory compliance.

The Economic Times FM Nirmala Sitharaman to attend the 55th GST Council Meeting in Jaisalmer

Union Finance Minister Nirmala Sitharaman has arrived in Jaisalmer for the 55th GST Council meeting scheduled to be held on Saturday at Hotel Marriott.

The Economic Times GST Council to decide on cutting taxes on insurance premium; big-ticket rate rejig unlikely

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 compensation cess regime comes to an end in March, 2026, and the GST Council has set up a panel of ministers, under Union Minister of State for Finance Pankaj Chaudhary, to decide the future course of the cess.

The Economic Times US government shutdown: What will happen to your visa application?

Immigration services face mixed impacts: USCIS may excuse delays, while DOL activities halt. National parks may close, taxpayer support pauses, and airport delays increase. Shutdowns stem from budget disagreements and occur annually if no resolution is reached.

The Economic Times CCI approves Ultratech Cement's acquisition of India Cements

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 3,954 crore. They also launched a Rs 3,142.35 crore open offer for another 26% stake. UltraTech, India's largest cement producer, aims to reach 200 MTPA capacity. India Cements has a 14.45 MTPA capacity.

The Economic Times India steel imports from China hit record high, data shows

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 period.

The Economic Times TReDS bill financing crosses Rs 2-lakh crore mark

TReDS is an initiative introduced by the RBI and backed by the MSME Ministry. It serves as an electronic platform facilitating the financing and discounting of trade receivables of MSMEs through multiple financiers in order to solve their working capital-related challenges.

The Economic Times India considers exempting gift vouchers from GST; Council to discuss key issues

The GST Council is contemplating exempting gift vouchers from GST and reducing tax rates on insurance premiums. They are also considering an 18% GST on used cars, including electric vehicles, and a potential 35% slab for sin goods. However, states have differing views on these proposals, requiring further discussion.

The Economic Times India’s Supreme Court may have paved the way to erase half of the country’s budget deficit

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 amount of money that the government can make, thanks to this verdict, may be good enough to erase nearly half the country’s budget deficit of ₹7.2 lakh crore.

The Economic Times Tata Trusts tightens monitoring, shifts focus to grant-making

Tata Trusts has implemented stricter monthly reviews of projects to control operational costs and improve the impact of its philanthropic efforts. An internal audit revealed discrepancies, prompting enhanced monitoring and reporting. The Trusts may prioritize grants over direct implementation projects to minimize expenses and maximize funds for charitable causes.

The Economic Times Tata Consumer Products denies reports on exit of Starbucks from India

Tata Group refuted rumors of Starbucks leaving India. Starbucks operates 457 stores in India through a joint venture with Tata. The company aims to reach 1,000 stores by FY28. Starbucks India revenue grew but losses widened due to expansion. Tata stated it prioritises scaling over store profitability. Starbucks entered India in October 2012 through a joint venture with the Tata Group.

The Economic Times Charting India’s Deal Landscape: What’s in for 2025?

Large private equity (PE) deals, high-profile corporate mergers such as Reliance–Disney, Adani–ACC and Ambuja, and Mankind’s acquisition of Bharat Serums, along with a surge in IPO activity, have fuelled the M&A boom. As a result, India’s annual M&A market has doubled the previous decade’s average of USD 70bn to USD 140bn in the current decade. After a slowdown in deal-making from mid-2022 to 2023, the country has seen a strong recovery in its M&A performance.

The Economic Times Role and responsibilities of a CFO in ensuring compliance

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 can have in the success of the organisation. A synergy between the two is an essential cornerstone driving growth and innovation within an organisation.

The Economic Times Adani Group to invest ₹29,750 crore in Bihar, create over 77,000 jobs

The announcement was made during the 2024 Bihar Business Connect investor summit in Patna, where the group emphasized its commitment to creating over 77,000 direct and indirect jobs in the state.

The Economic Times India's PLI schemes drive Atmanirbhar Bharat vision with Rs 1.97 lakh crore boost

India's Product-Linked Incentive (PLI) schemes, launched in 2020, are boosting domestic manufacturing and exports. With over US$26 billion invested across 14 sectors, the program has driven significant job creation and investment, exceeding targets in some areas like white goods. The initiative is strengthening the MSME ecosystem and significantly increasing domestic value addition.

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