Economic Times Top Stories

• Auditors must exercise stronger diligence on related party transactions, say experts
• India eyes ending import tax on US ethane and LPG in trade talks, sources say
• Big relief for flat owners: No income tax payable if you get a new flat in exchange for old, rules Mumbai ITAT
• Who is liable to pay GST on packaging charges on food ordered via delivery apps?
• Gensol promoters used firm like personal piggy bank: Sebi order
• China faces up to 245% tariffs on imports to the US: White House Fact sheet
• Explainer: What AASB’s draft SA 600 means for LLP audits involving multiple auditors
• Retail Inflation slows to 3.34% in March, Lowest since August 2019
• Wholesale Inflation eases to 2.05% in March
• Moglix appoints Sanjeev Arora as CFO to lead IPO journey over next 12–24 months

Economic Times

• Indian companies raised over $50 billion in ECB till Feb last fiscal
• Bank of India cuts FD rates by up to 25 bps on these deposits; withdraws 400-day special FD offering 7.30% interest
• Good news for SBI borrowers: Bank reduces these lending rate by 25 basis points after repo rate cut by RBI
• 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

CA Club India

• Ice Cream Industry Appeals for GST Relief, Cites Nutrition and Affordability
• Nagpur Man Slapped with Rs 314 Crore Tax Notice in Rs 560 Crore Hawala Scam Probe
• Income Tax Department Uses AI to Monitor High-Value Financial Transactions
• E-Way Bill Generation Hits Record 12 Crore in March, Signalling Robust FY25 Close
• ICAI Releases Admit Cards for CA Intermediate and Final May 2025 CA Exams
• GST Department Targets Restaurants Over Untaxed Packaging Charges
• Ministry of Finance Clarifies GST Applicability on Apartment Maintenance Charges Amid Resident Confusion
• Income Tax Department Reopens Past Assessment Cases in Crackdown on Fake Purchases and Bogus Invoices
• 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

BBC News

• Ukraine says outline of minerals deal signed with US
• US senator meets man mistakenly deported to El Salvador
• Hamas formally rejects Israeli ceasefire offer
• Man used police officer mum's gun to kill two at Florida college, police say
• Syrians have more freedom after Assad, but could they soon lose it?
• US weapons left in Afghanistan sold to militant groups, sources tell BBC
• How much do bin workers get paid?
• Project to suck carbon out of sea begins in UK
• Trump suggests UK state visit set for September
• Four dead in cable car crash south of Naples

Yahoo News