ICAI releases revised schedule for CA Inter, Final Exams 2025; check new dates here
The Institute of Chartered Accountants of India, ICAI, has issued a revised timetable for the CA Intermediate and Final exams scheduled to be conducted from May 9 to May 14, 2025 but were postponed amid tense and security situation in the country.
As per the official notice, the examinations will be conducted from May 16, 2025 to May 24, 2025.
Also read: HBSE Haryana board result 2025 news: Steps to check 10th, 12th results when out
It further stated the rescheduled examinations, will be held at the same examination centres and at the same timings - 2 PM to 5 PM (IST) / 2 PM to 6 PM (IST).
Additionally, admit cards already issued would remain valid for the rescheduled dates.
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Also, as per the ICAI, the Chartered Accountants Foundation May 2025 examination will be held as per the schedule, that is on May 15, 17, 19 and 21, 2025.
The ICAI further stated that there would be no change in the examination schedule in the event of any day of the examination scheduled being declared a Public Holiday by the Central Government or any State Government / Local Holiday.
Also read: IIT JEE Advanced admit cards out at jeeadv.ac.in, direct link to download
As already mentioned above, the ICAI had postponed the exams following the launch of Operation Sindoor. The remaining papers of Chartered Accountants Final, Intermediate and Post Qualification Course Examinations [International Taxation – Assessment Test (INTT AT)] May 2025 was scheduled from May 9 to May 14, 2025.
For more related details, students are advised to check the ICAI website.
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The Print
40 minutes ago
- The Print
Operation Sindoor: How Rafales, Pakistani J-10s & lots of propaganda moved global defence markets
But as the fog of war began to clear and these claims were found to be exaggerated, Dassault's shares staged a recovery, reflecting a broader market correction. A rally in defence stocks, particularly among Chinese firms, may be attributed to the speculation or claims that Pakistan Air Force (PAF) fighters, mainly Chinese-origin JF-17s and J-10Cs, had downed multiple Indian Rafale jets. This was the first instance of Chinese fighter jets being tested in real combat, attracting attention from defence watchers globally. Equally, it was the first time any claim emerged of a Rafale being shot down, an event that weighed on market sentiment, including on Dassault Aviation's stock. New Delhi: The impact of Operation Sindoor extended far beyond the battlefield as aerial battles continued in the stock markets. After India carried out precision strikes on nine terror camps in Pakistan and Pakistan-occupied Kashmir in the early hours of 7 May, global defence markets reacted with notable fluctuations, reflecting investor sensitivity to regional tensions. ThePrint examines how the 88-hour India-Pakistan standoff sent ripples through global defence markets, impacting the stock prices of the Aviation Industry Corporation of China (AVIC) and its subsidiaries, as well as Lockheed Martin and Dassault Aviation. Stock prices are compared from the day Operation Sindoor began through to the closing figures on Thursday, with all values converted to INR using the prevailing exchange rates at the time of reporting. Also read: Defence stocks surge continues amid escalating India-Pakistan tensions since Pahalgam attack Pakistan's propaganda of multiple Rafale jets being shot fuelled Chinese defence stocks China's state-owned Aviation Industry Corporation of China (AVIC), particularly its Chengdu Aircraft division, saw one of the sharpest stock moves. AVIC Chengdu, which designs and manufactures the JF-17 and J-10C fighter jets used by the Pakistan Air Force, surged from Rs 828 on 7 May to Rs 1,145 by 12 May, witnessing a massive 38 percent jump in five days. Although the stock had cooled to Rs 939 by Thursday, it retained a net gain of 13 percent since the launch of Op Sindoor. Furthermore, another subsidiary of the state-owned AVIC group—AVIC Airborne Systems—which supplies precision avionics and weapons for the J-series jets operated by Pakistan, also saw a modest rise. Its stock climbed from Rs 136 to Rs 144 between 7 May and 12 May, marking a 5.9% increase that reflected growing investor confidence in China's deepening role in Pakistan's defence supply chain. By Thursday, however, the stock had eased slightly to Rs 138. Other than the speculation of these Chinese origin fighters performing exceedingly well, these spikes are also driven by investor belief that Pakistan might accelerate fighter acquisitions to strengthen its aerial capabilities following Operation Sindoor. Reports indicate that Pakistan could take delivery of the fifth generation FC-31 stealth fighter, the export version of China's J-35A, later this year. According to the latest Stockholm International Peace Research Institute (SIPRI) report, Chinese equipment accounted for 81 percent of Pakistan's major arms imports over the past five years. Subsequently, during last month's hostilities, Pakistan fielded a range of Chinese-origin platforms, including JF-17 and J-10C fighter jets, HQ-9B long range air defence systems, HQ-16 medium range air defence systems, PL-15E beyond visual range air-to-air missiles (BVRAAM) and Chinese unmanned aerial vehicles (UAVs). Beyond the loss of a couple of PAF aircrafts, several Chinese-supplied HQ-9B long-range and HQ-16 medium-range air defence systems were taken out by Harpy and Harop loitering munitions sourced from Israel. Additionally, the recovery of debris of a PL-15E beyond-visual-range air-to-air missile (BVRAAM) was confirmed by DG Air Operations (DGAO) Air Marshal A.K. Bharti in a press briefing. It was learnt that the much-discussed Chinese PL-15E missile failed to register a single hit during the conflict. Also read: Pakistan to go in for J-31 Chinese stealth fighters. What this could mean for balance of air power Western defence giants and market sentiment Western defence companies, from France's Dassault Aviation to the U.S.-based Lockheed Martin, experienced divergent market responses, shaped as much by battlefield developments, speculative reports and domestic developments. Dassault Aviation, the manufacturer of India's Rafale jets, recorded a 6.4 percent decline between 7 and 12 May, with its stock falling from Rs 31,406 to a low of Rs 29,405. However, it had rebounded back to Rs 31,367 on Thursday, nearly regaining its pre-drop value. Incidentally, while Dassault Aviation hit its lowest point on 12 May, China's AVIC Chengdu registered its highest stock price during the same period, highlighting the contrasting market sentiments around the two defence suppliers amid the conflict. The initial dip may have been driven by concerns over possible losses, as the Indian Air Force did suffer setbacks during the operation, first hinted at by Air Marshal A.K. Bharti during the tri-services briefing held on 11 May and later confirmed by Chief of Defence Staff General Anil Chauhan in a Saturday interview with Bloomberg TV. Yet the Rafale jets, armed with SCALP cruise missiles and AASM Hammer glide bombs, carried out precision strikes on multiple targets across Pakistan and Pakistan-occupied Kashmir. The subsequent rebound in Dassault's stock suggests renewed investor confidence in the aircraft's combat effectiveness and strategic value. Furthermore, on Thursday, it was announced that the Rafale fighter aircraft fuselage will now be manufactured domestically by Tata Advanced Systems, strengthening its position as a strong contender for the Multi-role Fighter Aircraft (MRFA) programme. In contrast, Lockheed Martin, whose F-16 fighters once formed the backbone of the Pakistan Air Force, registered only a modest 1.34 percent gain during the same period, with its stock rising from Rs 40,449 on the day Operation Sindoor was launched to Rs 40,990 by Thursday. The limited uptick can be attributed to heightened interest in the American aerospace giant's F-21, an advanced 4.5-generation fighter pitched as a potential contender for India, especially after unverified reports of Rafale being downed during Operation Sindoor drew the attention of investors and defence analysts. Lockheed Martin's uptick movement in stocks may also be linked to U.S. President Donald Trump's announcement on 15 May for the development of an upgraded 'F-22 Super' and a twin-engine variant of the F-35, provisionally dubbed the F-55. How speculation, politics and perception shape market swings Analysts also point out that stock movements observed since 7 May were driven not just by battlefield results but by narrative, politics and investor psychology. 'From a market perspective, defence procurement is a massive business. During events like Operation Sindoor, exaggerated speculation and misinformation are to be expected, especially when they serve the interests of those looking to profit,' Dr Vikas Gupta, CEO and smallcase manager at OmniScience Capital, told ThePrint. Big-ticket defence exports such as fighter jets are typically sealed through government-to-government agreements that generate employment and strategic influence for the given party, he added. 'At times, even governments may quietly encourage certain narratives if they align with their economic interests.' Dr Gupta also pointed out how China's market mechanics differ from the West. 'In China's case, there's an added layer of complexity. Beijing can directly intervene in markets, banning short selling, for instance, to stabilise or boost the performance of AVIC subsidiaries. That kind of intervention isn't feasible in countries like France, where the government usually avoids market interference.' Ultimately, the swings observed in the wake of Operation Sindoor reinforce a perceived reality of defence stocks remaining highly reactive to geopolitical flashpoints, with prices shaped as much by perception, speculation, politics and investor psychology as by actual battlefield performance. (Edited by Viny Mishra) Also read: Operation Sindoor signals a real paradigm shift, says ex-IAF chief. 'We hit where it hurts the most'
Indian Express
5 hours ago
- Indian Express
Trump, Musk and a split foretold
It has been less than six months (of a 48-month tenure) since Donald J Trump assumed the office of the President of the United States for a second time. In that time, he has upended the US's relationship with its Western allies and engaged in a start-stop tariff regime based on questionable assumptions. He has also injected elements of uncertainty into the US's ties with countries, including India, that have been growing and deepening steadily for nearly three decades. The public spat between President Trump and Elon Musk — beyond the barbs and the almost reality TV style of the 'breakup' — must be seen in this context. Drama and uncertainty mark both US domestic politics and how the superpower engages with the world. The world's richest man played a significant part in the Trump campaign and the administration. Musk contributed about $250 million to Trump's election fund and, after the election, led the Department of Government Efficiency (DOGE). The differences over the Trump administration's 'One Big Beautiful Bill', emerging a day after Musk left DOGE, quickly spiralled into an all-out social-media war between the two billionaires, replete with name-calling. While Musk claimed that he won Trump the election and echoed conspiracy theories about his connections with deceased financier and sex offender Jeffrey Epstein, the President raised questions about government contracts for the Tesla and SpaceX founder's companies. Given their egos, perhaps it was a split foretold. That said, the Trump-Musk spat sends out the message that it is not necessarily institutions and interests that determine the course of politics and policy in Washington. Till recently, the 'bromance' between the two men made Musk's companies all but de facto national champions and the tech entrepreneur was seen across capitals as an extension of the White House. SpaceX, for example, has deep ties to NASA and its vessels ferry US astronauts to the International Space Station. The uncertainty around the future of that collaboration will make things more complicated for Delhi as it tries to deepen cooperation in space with the US. Deals with Tesla and Starlink, while made by private players, may take on a different colour. The Trump administration's domestic policies have already had reverberations in India, especially its attitude to visas for foreign students and workers. The immature insistence that the White House mediated the ceasefire after Operation Sindoor went against the grain of 30 years of the bilateral relationship — through Republican and Democrat administrations — of de-hyphenating India and Pakistan. As India tries to manage the US relationship over the next three years, it must keep in mind that it is working with a partner that is much more temperamental — today's Trump loyalist might be tomorrow's persona non grata.
Time of India
8 hours ago
- Time of India
India will need 50L new CAs by 2050, says ICAI president
Vadodara: By 2050, India will require 50 lakh new chartered accountants (CAs) to support its rapidly expanding economy, said Charanjot Singh Nanda, president of the Institute of Chartered Accountants of India (ICAI), on Friday. Nanda was speaking at the inaugural session of a two-day national conference titled 'Veda Excellence', hosted by the Vadodara branch of ICAI's Western India Regional Council in collaboration with the Anand and Bharuch branches. "Currently, India has around 4.85 lakh registered CAs. With economic growth, the demand for qualified professionals will increase significantly," Nanda said. Highlighting ICAI's digital initiatives, he said the institute has provided students free access to ChatGPT and launched CA-GPT, an AI-powered tool that sources answers exclusively from ICAI's internal resources. "This tool has been widely appreciated for aiding professionals in areas like accounting, auditing, and taxation," he noted. Responding to the move by company secretary and cost accountant bodies seeking inclusion of their members in the definition of 'accountants', Nanda maintained that tax and other audits should remain the domain of CAs, as they are best equipped and trained for these responsibilities. Nanda also announced the launch of a certificate course on artificial intelligence — AI for CAs (Level 1) — aimed at helping professionals adapt to emerging technologies. The second level of the course will be launched soon, he added. The two-day conference in Vadodara will cover eight sessions, including those on technical and non-technical topics like direct and indirect taxes, capital market, and even work-life balance. Around 650 participants from across the country are participating in the conference. Vadodara: By 2050, India will require 50 lakh new chartered accountants (CAs) to support its rapidly expanding economy, said Charanjot Singh Nanda, president of the Institute of Chartered Accountants of India (ICAI), on Friday. Nanda was speaking at the inaugural session of a two-day national conference titled 'Veda Excellence', hosted by the Vadodara branch of ICAI's Western India Regional Council in collaboration with the Anand and Bharuch branches. "Currently, India has around 4.85 lakh registered CAs. With economic growth, the demand for qualified professionals will increase significantly," Nanda said. Highlighting ICAI's digital initiatives, he said the institute has provided students free access to ChatGPT and launched CA-GPT, an AI-powered tool that sources answers exclusively from ICAI's internal resources. "This tool has been widely appreciated for aiding professionals in areas like accounting, auditing, and taxation," he noted. Responding to the move by company secretary and cost accountant bodies seeking inclusion of their members in the definition of 'accountants', Nanda maintained that tax and other audits should remain the domain of CAs, as they are best equipped and trained for these responsibilities. Nanda also announced the launch of a certificate course on artificial intelligence — AI for CAs (Level 1) — aimed at helping professionals adapt to emerging technologies. The second level of the course will be launched soon, he added. The two-day conference in Vadodara will cover eight sessions, including those on technical and non-technical topics like direct and indirect taxes, capital market, and even work-life balance. Around 650 participants from across the country are participating in the conference. Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !
