Sat.May 31, 2025

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SEBI confirms ban on LS Industries and key individuals amid fraud probe

CFO News

The Securities and Exchange Board of India (SEBI) has confirmed the suspension of LS Industries, its promoter Profound Finance, and four other individuals from participating in the securities markets.

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10 Weekend Reads

The Big Picture

The weekend is here! Pour yourself a mug of Colombia Tolima Los Brasiles Peaberry Organic coffee, grab a seat outside, and get ready for our longer-form weekend reads: The Fiery Investor Restoring East Texas : Hedge fund wizard Kyle Bass made his name by predicting a housing collapse. Now hes betting big on a growing market: nature. ( Texas Monthly ) Ukraines New Way of War : American weapons are important, but Ukrainian drones have changed everything. ( The Atlantic ) see also The terrifying

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Women rise as pillars of India's progress, economic strength: PM Modi

CFO News

Prime Minister Narendra Modi on Saturday said that the evolving role of women in India's technological and economic landscape reflects how the nation has cast aside old barriers that once prevented women from embracing modern advancements.

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FIIs to continue their investment in India amid robust GDP growth: Analysts

CFO News

India's better-than-expected GDP growth in Q4 FY25 at 7.4 per cent is an indicator that growth is rebounding which can lead to revival of corporate earnings in FY26, and foreign institutional investors (FIIs) are likely to continue their investment in India, analysts said on Saturday.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Providing service to taxpayers is duty of tax officials: FM Sitharaman

CFO News

Union Finance Minister Nirmala Sitharaman on Saturday highlighted that it was the duty of tax department officials to serve taxpayers and they should undertake this task with "transparency and integrity.

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India, US to 'coordinate in the upcoming' Financial Action Task Force (FATF) processes

CFO News

Foreign Secretary Vikram Misri visited Washington, DC, engaging with US officials to advance the India-US COMPACT for the 21st Century. Discussions spanned economic ties, FATF collaboration, defence cooperation, and trade, emphasizing technology, trade, and talent as key pillars. India aims to strengthen partnerships and address concerns like terror financing through international platforms.

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Robust GDP growth in FY25 because of good domestic consumption & government investment: Economists

CFO News

The robust GDP numbers of the Indian economy in the fourth quarter of the fiscal year 2025 are because of good domestic consumption, government investment, and relatively lower dependence on exports, say experts reacting to the numbers.

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Trump's revised tariffs on steel and aluminium threaten India's USD 4.56 billion exports to US: GTRI

CFO News

A Global Trade Research Initiative report warns that U.S. President Trump's decision to double tariffs on steel and aluminium imports, effective June 4, 2025, will significantly impact India's metal exports, valued at USD 4.56 billion. The increased tariffs, raising rates to 50%, are expected to make Indian products less competitive in the U.S. market, potentially harming Indian producers and exporters.