Economic Times Top Stories

• Retail Inflation slows to 3.34% in March, Lowest since August 2019
• Explainer: What AASB’s draft SA 600 means for LLP audits involving multiple auditors
• Wholesale Inflation eases to 2.05% in March
• Moglix appoints Sanjeev Arora as CFO to lead IPO journey over next 12–24 months
• Cashfree Payments appoints Piyush Anchliya as CFO
• 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

Economic Times

• 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
• Electronics giants like Dixon Technologies, Micromax plan Rs 1,000 crore investment, partner hunt on

CA Club India

• 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
• 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'

BBC News

• 'This is so hard': The Chinese small businesses brought to a standstill by Trump's tariffs
• Ancient oak tree cut down by Toby Carvery
• The perils of Trump's chips strategy: the US will struggle to take on Asia
• Bin strike waste will be cleared by weekend, Birmingham Council says
• Watch: Rare footage from Sudanese city under siege
• Disposable vape use falling in UK ahead of ban
• Trump threatens Harvard's tax-exempt status after freezing $2bn funding
• UK's rarest wildlife being 'pushed to extinction' by grass fires
• Civil case against Andrew Tate could be legal first, barrister says
• Hamas rejects Israeli ceasefire disarmament proposal, Palestinian official says