New Delhi, Aug 11 (IANS) Systematic Investment Plan (SIP) contributions climbed to an all-time high of Rs 28,464 crore in July, data from the Association of Mutual Funds in India (AMFI) showed on Monday. This is the second consecutive month of record SIP inflows, following the Rs 27,000-crore mark breached in June.Strong overall participation in equity-oriented mutual funds saw record net inflows of Rs 42,672 crore in July — nearly twice the Rs 23,568 crore recorded in June, buoyed by the spik…

New Delhi, Aug 11 (IANS) India’s deal landscape recorded 227 transactions in July, valued at $16.4 billion, due to a surge in mergers and acquisitions (M&A) activity and capital market issuances, a report said on Monday. Excluding capital market deals, deal volumes rose from 169 to 200 on a MoM basis, and there was a remarkable 115 per cent surge in values — from $4.2 billion to $9.1 billion, according to the report from business advisory firm Grant Thornton Bharat.During the month, there…

New Delhi, Aug 11 (IANS) The number of input tax credit (ITC) fraud cases detected by Central GST formations in the last three years has more than doubled from 7,231 in 2022-23 involving an amount of Rs 24,140 crore to 15,283 cases in 2024-25 involving a sum of Rs 58,772 crore, the Parliament was informed on Monday.The government has taken proactive steps to prevent and tackle the fraudulent cases of claiming ITC, which include allowing input tax credit only for invoices or debit notes which hav…

New Delhi, Aug 11 (IANS) The Competition Commission of India (CCI) has asked the petitioner in an ongoing case to provide additional details on alleged anti-competitive practices by quick-commerce platforms Blinkit, Instamart, and Zepto.The regulator has sought clarity on the companies’ market position, pricing strategies, and operational practices in response to claims of deep discounting and other business irregularities that may fall under provisions of the Competition Act, 2002, according …

New Delhi, Aug 11 (IANS) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday said that the minimum balance limit for saving accounts will be decided by banks as the decision does not fall under any regulatory jurisdiction, after India’s second largest lender ICICI Bank raised the monthly minimum average balance requirement for all customer segments.Asked on the sidelines of a financial inclusion programme in Gujarat about the RBI’s response to ICICI Bank’s new rules, Malhotra said t…

New Delhi, Aug 11 (IANS) Tata Group-owned Air India on Monday said it is suspending its services between Delhi and Washington, D.C., effective from September 1, 2025, due to a combination of operational factors.The airline, which has been facing a myriad of issues since the fatal Boeing 787 crash in Ahmedabad on June 12, said the move is to “ensure the reliability and integrity of Air India’s overall route network”.In a statement, the airline said the suspension is primarily driven by the plan…

New Delhi, Aug 11 (IANS) The demands placed on modern smartphones are higher than ever before, pushing them far beyond their original role as simple communication tools.Today, users expect their devices to effortlessly handle a wide range of tasks, from managing work and powering through productivity apps to delivering high-quality entertainment, fuelling creativity, and keeping them constantly connected.This all-in-one expectation has transformed the smartphone into a personal command centre, b…

New Delhi, Aug 11 (IANS) Over 30.98 crore unorganised workers have been registered on eShram portal, including over 3.37 lakh workers who have registered themselves as Platform workers (till August 3), the Parliament was informed on Monday. The Ministry of Labour and Employment launched eShram portal on August 26, 2021, for the creation of a comprehensive National Database of Unorganised Workers (NDUW) seeded with Aadhaar.“eShram portal is meant to register and support the unorganised workers …

New Delhi, Aug 11 (IANS) The government gives utmost importance to protecting and promoting the welfare of farmers, entrepreneurs, exporters and MSMEs, and will take all necessary steps to secure national interest, the Parliament was informed on Monday.It is estimated that around 55 per cent of the total value of India’s merchandise exports to the US will be subject to this reciprocal tariff, Minister of State for Finance, Pankaj Chaudhary, said in a written reply to a question in Lok Sabha.Re…

New Delhi, Aug 11 (IANS) Union Finance Minister Nirmala Sitharaman on Monday introduced a revised version of the Income Tax Bill, 2025, incorporating most of the recommendations made by the Parliamentary Select Committee headed by BJP leader Baijayant Panda, in the Lok Sabha amid Opposition uproar. Tabling the bill in Lok Sabha, FM Sitharaman said that suggestions have been received which are required to be incorporated to convey the correct legislative meaning.”There are corrections in the natu…