360 ONE gets CCI approval to acquire UBS India’s wealth and lending businesses
The Competition Commission of India (CCI) approved the acquisition of wealth and lending units of UBS AG by 360 ONE Group entities.
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Recovery of income-tax dues doubles to Rs 20,000 crore in Q1
The Central Board of Direct Taxes (CBDT) has significantly ramped up its recovery efforts, collecting ₹20,000 crore in outstanding dues in the first quarter of this fiscal year, nearly double the amount recovered in the same period last year. With…
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Pharma lobby flags ‘cumbersome’ export rule, seeks change
Pharma lobby groups are urging for changes to the centralized no-objection certification (NOC) for drug exports due to a significant export decline. The requirement for approvals from importing countries or Indian regulators has increased trade diversions. Industry experts are calling…
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ICAI set to lift advertising ban for CAs; experts call for wider reforms to build Indian accounting giants
As ICAI moves towards lifting its decades-old ban on advertising by CAs—a development confirmed to ETCFO—a bigger question is surfacing: Does India’s accounting profession need a complete overhaul to build globally competitive homegrown firms? While experts call the branding push…
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Trump says ‘no extensions’ to August 1 tariff deadline; warns more letters to follow
The announcement follows a brief extension of the ‘liberation day’ tariffs until August 1. According to Trump, letters have been sent and will continue to be sent, emphasizing that tariffs are due starting August 1, 2025, with no exceptions.
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India and US set to finalize mini trade deal: Key insights and implications
India and the US are nearing a mini trade deal, aiming to finalize the first phase by September-October with a goal to double bilateral trade to $500 billion by 2030. While sensitive agricultural issues remain, the focus is currently on…
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