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July 14, 2026
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NCLT vacancies and infrastructure gaps remain under review as delays in insolvency resolution plans raise IBC efficiency concerns
Delays in appointing judicial and technical members to the National Company Law Tribunal, inadequate infrastructure, and concerns over its disposal rate are being considered in suo motu proceedings. The hearing was deferred after the appointment process was reported to be underway. The proceedings followed concerns regarding persistent delays in approving insolvency resolution plans under the Insolvency and Bankruptcy Code, including applications pending before the NCLT for periods ranging from weeks to several years.
July 14, 2026
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Synthetic drug trafficking enforcement exposes clandestine Mephedrone laboratories, leading to arrests and seizure of manufacturing equipment under narcotics law
Interstate synthetic drug trafficking enforcement under the NDPS Act, 1985 led to the dismantling of a sophisticated Mephedrone manufacturing laboratory and the arrest of two alleged chief conspirators during coordinated operations. Officers seized digital machinery, laboratory equipment, heavy glassware, precursor chemicals and safety gear used in illicit MD production. Sustained intelligence and interstate investigation identified a second facility financed and coordinated by a co-conspirator. Simultaneous searches resulted in the second arrest and seizure of the clandestine laboratory's equipment and chemicals, which were taken into possession under the NDPS Act, 1985. Further investigation remains in progress.
July 14, 2026
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Wildlife trafficking enforcement targets ivory, endangered species, and transnational smuggling through coordinated operations and CITES-based protections
Intelligence-led operations targeted organised wildlife trafficking involving endangered and protected fauna, ivory, and other wildlife products. More than 440 protected or endangered animals, approximately 15 kg of ivory articles and elephant ivory, and products including pangolin scales, leopard pelt, seahorse-based articles, and Red Sanders were seized, while 33 persons were arrested or apprehended. Elephant ivory recoveries were referred to the Forest Department for action under the Wildlife (Protection) Act, 1972. The Indian elephant is protected under Schedule I, trade in elephants and derivatives is prohibited, commercial ivory trade is restricted under CITES obligations, and ivory imports and exports are prohibited under the Foreign Trade Policy.
July 14, 2026
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Reseller cover bids and coordinated supplies sales treated as cartelisation, with penalties and cease-and-desist directions imposed
The Competition Commission of India addressed cartelisation in the sale and supply of toner, cartridges and other consumables used with print hardware products. Sixteen Tier-2 resellers were identified as having sought and submitted support or cover bids, contrary to Sections 3(3)(d) read with Section 3(1) of the Competition Act, 2002. HP India was identified as playing a central role in the arrangement. Monetary penalties were imposed on HP India, the resellers and relevant officials under Section 48, together with directions to cease and desist from the anti-competitive conduct.
July 14, 2026
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Bid-price coordination and tender-participation manipulation in personal system products attract competition-law penalties and cease-and-desist directions.
HP India and five resellers were found to have engaged in cartelisation in the sale and supply of personal system products. The conduct included dictating bid prices and manipulating reseller participation in GeM tenders by withholding authorisation. The conduct was treated as contravening Sections 3(3)(d) read with Section 3(1) of the Competition Act, 2002. The resellers were found to have acted in collusion with HP India, while officials were treated as liable under Section 48. Penalties and cease-and-desist directions were imposed under the Act.
July 14, 2026
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Export Growth Driven by AI Demand as Technology Products, Semiconductors, and Electric Vehicles Lift China's June Trade Performance
China's exports increased sharply in June, driven by strong external demand associated with the expansion of artificial intelligence. Exports of electric vehicles, semiconductors, and related technology products expanded significantly, while imports also recorded substantial year-on-year growth. Strong export manufacturing helped offset weakness in domestic demand.
July 13, 2026
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Cryptocurrency investment fraud allegations trigger PMLA provisional attachment of bank deposits, flats, and commercial shops linked to diverted funds.
The Enforcement Directorate reported a money-laundering investigation into an alleged cryptocurrency fraud involving ATC Coin. It alleged that investors were induced to contribute funds through assurances of high and assured returns, and that the collections were deposited with Jewria Services Club India before being diverted through accounts of the accused and associated entities. Under the Prevention of Money Laundering Act, bank deposits and Mumbai properties comprising residential flats and commercial shops were provisionally attached.
July 13, 2026
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Preferential market access anchors India-US trade negotiations as tariff investigations and bilateral commitments remain under discussion
India and the United States are progressing negotiations on a framework deal and a bilateral trade agreement focused on preferential market access and comparative tariff advantages. India is engaging with the USTR on Section 301 investigations concerning forced labour and excess industrial capacity. The forced-labour investigation has proposed an additional tariff on imports from India, but the measure remains unfinalised. India has urged resolution through bilateral negotiations rather than unilateral measures. The excess-capacity investigation remains pending, and the eventual trade agreement is expected to address relevant aspects of the bilateral trade relationship, including tariff treatment, market access, and investigation-related issues.
July 13, 2026
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Export-control sanctions prohibit routing electronic components to Iran through intermediaries, with conspiracy liability turning on knowledge and assistance.
US export-control sanctions prohibit the unlawful export of electronic components to Iran through intermediaries or front companies. The reported prosecution concerned allegations that an employee conspired with an Iranian business associate to obtain components for a Tehran-based company whose technology had potential military applications. Prosecutors relied on documents, text messages, photographs, and communications said to show knowledge and assistance, while the defence disputed procurement, the Swiss company's characterization as a front, and proof that components reached Iran. Evidence concerning a specific drone attack was limited to general evidence about the Iranian company and potential military applications.
July 13, 2026
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Mandatory securities compliance governs mutual fund redemptions, investor consent, disclosures, due diligence, and trustee responsibilities
Compliance with securities regulations is presented as mandatory regardless of whether investors ultimately incur losses or receive benefits. Close-ended mutual fund schemes must be redeemed at maturity unless formally rolled over with informed written investor consent and prior disclosure to SEBI. The reported issues also include inadequate due diligence regarding issuers' financial condition, excessive reliance on pledged collateral, delayed disclosures to investors and SEBI, and the trustee company's failure to independently assess regulatory compliance and unitholder interests.
July 13, 2026
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Rupee weakness reflects geopolitical risk, crude prices, capital outflows, rising inflation, and widening trade pressures on India
The Indian rupee weakened against the US dollar amid heightened US-Iran tensions, elevated crude oil prices, a stronger dollar and foreign capital outflows. Pressure on the domestic currency was linked to concerns over India's import bill and risk aversion in global markets, while domestic market recovery and some moderation in crude prices limited the decline. Retail inflation rose above the central bank's four per cent target, and the merchandise trade deficit widened as imports, particularly crude-related imports, increased despite stronger exports.
July 13, 2026
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Predicate-offence acquittal removes the foundation for money-laundering proceedings arising from alleged coal-block allocation irregularities
Money-laundering proceedings under the Prevention of Money Laundering Act depend on the existence of a scheduled offence and identifiable proceeds of crime. Although money laundering is an independent offence, its prosecution cannot survive when the predicate offence forming its foundation has ended in acquittal. The basis for treating property or transactions as proceeds of crime is then removed, making continuation of proceedings for money laundering and company-related liability under the PMLA legally unsustainable. Proceedings may be reopened if the acquittal is later set aside or materially varied.
July 13, 2026
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PMLA bail requires satisfaction of twin statutory conditions amid allegations of impersonation, cheating, and suspected money laundering
The reported bail proceedings concerned the twin conditions under Section 45 of the Prevention of Money Laundering Act: reasonable grounds to believe that the accused was not guilty and assurance that he would not commit an offence while on bail. The prosecution also raised concerns regarding possible evidence tampering, witness intimidation, and repetition of similar conduct. The accused relied on a serious heart ailment and constitutional protection against punitive pre-trial detention, while the reported order noted his medical stability in custody and that the investigation complaint had not yet been filed.
July 13, 2026
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Frozen political party accounts raise questions on representative authority, Election Commission recognition, and preventing money laundering during investigation
Permission to operate three Trinamool Congress bank accounts frozen by the Enforcement Directorate was sought before the Calcutta High Court in connection with a probe into alleged dishonest financial dealings, unlawful collection of money, and routing of suspected funds through specified accounts. The Enforcement Directorate challenged the petition's maintainability, asserting that the filers lacked authority and had not disclosed an ex parte civil court order. The petitioners relied on the party constitution and the Election Commission's jurisdiction over recognition of political parties, while the Enforcement Directorate maintained that releasing the funds would undermine the prevention of money laundering.
July 13, 2026
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Fake investment and work-from-home scams: laundering through mule accounts, shell entities and crypto wallets prompts asset seizures
Money laundering investigations under the Prevention of Money Laundering Act concern alleged fake online investment and work-from-home scams involving promises of lucrative returns and commissions. Funds transferred by victims were allegedly layered through mule bank accounts and shell entities, converted into cryptocurrency, and moved through multiple crypto wallets to conceal their origin and ownership. Searches were conducted at multiple locations, with cryptocurrency and cash seized and multiple bank accounts frozen under the PMLA.
July 13, 2026
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Engineering export growth reflects market diversification, trade agreements, and rising global competitiveness despite persistent international uncertainty
India's engineering goods exports increased by nearly 21 per cent year-on-year in June, rising to USD 11.48 billion. Cumulative exports during April-June of the 2026-27 fiscal reached an estimated USD 34.14 billion, reflecting 18 per cent growth over the corresponding period of the previous year. The reported export performance was attributed to free trade agreements with key partner countries, diversification of products and markets, and the increasing global competitiveness of Indian engineering products despite continuing global uncertainty.
July 13, 2026
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Rural infrastructure development through NABARD strengthens farmer support, women's financial inclusion, and climate-resilient agriculture in Rajasthan
NABARD is presented as a key partner in Rajasthan's rural infrastructure and agricultural development. Its initiatives support small and marginal farmers through Kisan Credit Cards, farmers' clubs and Farmer Producer Organisations, while the Self-Help Group-Bank Linkage Programme promotes financial inclusion among rural women. NABARD also supports climate-change resilience, honours rural development institutions and artisans, and provides grants for projects promoting climate-resilient agriculture.
July 13, 2026
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Retail inflation rises above target as food and fuel pressures challenge monetary policy outlook ahead of August review
Retail inflation based on the Consumer Price Index increased to 4.38 per cent in June from 3.93 per cent in May, exceeding the Reserve Bank's median target of 4 per cent. Food inflation rose to 5.32 per cent. The Reserve Bank's framework seeks to maintain CPI inflation at 4 per cent within a tolerance band of 2 per cent on either side. The Reserve Bank retained the benchmark policy rate at its June meeting but raised its inflation forecast for 2026-27, citing higher input costs and global energy price transmission to domestic fuel prices. Economic assessments anticipated further inflationary pressure while generally expecting the policy rate to remain unchanged at the forthcoming review.
July 13, 2026
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Money laundering proceedings fail when acquittal in the scheduled offence removes the basis for alleging proceeds of crime.
Money laundering proceedings arising from the Bander coal block allocation were terminated because the underlying predicate offences had already ended in acquittal. The central legal point reported is that, while money laundering under the Prevention of Money Laundering Act is a distinct offence, its survival depends on the continued existence of the scheduled offence and proceeds of crime. Once acquittal in the scheduled offence removed that foundation, the complaint under Section 3 read with Section 70, punishable under Section 4, was dropped and dismissed.
July 13, 2026
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Trade deficit expansion accompanies export growth as higher crude oil, electronics, machinery and gold imports outpace merchandise export gains.
June trade data shows export growth alongside a wider merchandise trade deficit because imports increased faster than exports. The higher import bill was driven mainly by crude oil, with electronics, machinery and gold also adding to import pressure. April to June figures reflect the same trend, with cumulative imports outpacing export growth and enlarging the merchandise trade gap. Export strength was reported in sectors such as electronics, iron ore, handicrafts, meat and dairy products, while services trade estimates for June indicate a surplus as services exports exceeded services imports.

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NetAcct Solutions Launches Entries ERP Powered by the Entries AI Platform

July 17, 2026

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Backed by former Freshworks leaders, the Bengaluru-based company introduces its next-generation AI-native ERP platform that unifies Accounting, Financial Reporting, Inventory Management, Manufacturing, Procurement, Sales, HRMS, Payroll, Compliance, Projects, Document Management, Business Intelligence, and AI Automation into one intelligent cloud platform.
BENGALURU, India, July 16, 2026 /PRNewswire/ -- NetAcct Solutions Pvt. Ltd., a Bengaluru-based enterprise software company backed by former Freshworks leaders, today announced the launch of Entries ERP, the latest generation of its AI-powered Enterprise Resource Planning (ERP) solution built on the Entries AI Platform.




Powered by Infinity, the enterprise AI Agent from Entries AI, Entries ERP helps organizations automate accounting, finance, manufacturing, inventory, procurement, HR, payroll, compliance, and day-to-day business operations through one unified intelligent cloud platform.


Designed specifically for Indian startups, SMEs, manufacturing companies, professional services firms, Chartered Accountant practices, and growing enterprises, Entries ERP replaces multiple disconnected business applications with one integrated system that connects every department through a single source of truth.


Today, more than 500 organizations trust Entries ERP to manage Accounting, Financial Reporting, Inventory Management, Manufacturing, HRMS, Payroll, Compliance, Procurement, Sales, Projects, Business Intelligence, and Document Management from one platform.


From Accounting Software to a Complete AI-Powered ERP Platform
The journey of Entries began in April 2023 when NetAcct Solutions launched an accounting platform to help Indian businesses migrate from QuickBooks following its exit from the Indian market.


As customers grew, so did their requirements.
Businesses no longer want separate applications for accounting, payroll, inventory, manufacturing, compliance, reporting, and document management. They want one intelligent platform capable of managing their entire business.


Working closely with hundreds of customers across manufacturing, retail, engineering, healthcare, education, logistics, technology, consulting, and professional services, NetAcct Solutions transformed Entries into a complete AI-powered ERP platform built specifically for Indian businesses.


Today, Entries ERP combines years of customer feedback, finance expertise, enterprise implementation experience, and AI innovation into one modern cloud platform.


One Unified Platform for Accounting, Manufacturing, HRMS and Business Operations
Most growing businesses operate multiple software products to manage different functions:
• Accounting Software
• Financial Reporting
• HRMS
• Payroll Software
• Inventory Management
• Manufacturing ERP
• Warehouse Management
• Procurement
• Sales
• Project Management
• Compliance Management
• Document Management
• Business Intelligence
The result is duplicated data, disconnected workflows, manual reconciliations, inconsistent reporting, delayed decision-making, and higher operational costs.


Entries ERP eliminates these silos by bringing Finance, Procurement, Manufacturing, Inventory, Sales, HR, Payroll, Compliance, Projects, Leadership, and Operations onto one unified platform.


Every department works from the same real-time data.


One Platform. One Database. One Source of Truth.


Introducing Infinity by Entries AI — The Enterprise AI Agent
At the heart of Entries ERP is Infinity, the enterprise AI Agent built on the Entries AI Platform.


Infinity is not simply a chatbot.


It is an intelligent business agent capable of understanding transactions, executing business processes, automating accounting, orchestrating workflows, retrieving information, and providing real-time business intelligence.


Unlike traditional ERP systems where AI is added as a feature, Infinity is embedded across every workflow within Entries ERP.


Finance teams, HR professionals, procurement managers, manufacturing planners, warehouse teams, compliance officers, sales teams, and business leaders all work alongside the same intelligent AI assistant.


With Infinity, organizations can:
• Automatically extract Purchase Invoices from PDFs, emails, scanned documents, and images.


• Create Purchase Invoices with AI-assisted validation.


• Generate Sales Quotations and Sales Invoices using natural language.


• Create Journal Entries automatically.


• Recommend accounting entries based on business transactions.


• Process supplier invoices.


• Automate bank reconciliations.


• Retrieve financial statements instantly.


• Generate Balance Sheets, Profit & Loss Statements, Cash Flow Statements, Trial Balance, General Ledger, and MIS reports conversationally.


• Generate GST reports and compliance summaries.


• Retrieve inventory reports and warehouse analytics.


• Monitor manufacturing performance.


• Identify production bottlenecks.


• Detect accounting anomalies.


• Identify revenue leakages.


• Detect missing vendor invoices.


• Monitor compliance risks.


• Generate executive dashboards.


• Answer business questions in plain English.


Infinity can answer questions such as:
• "Show me customers with overdue receivables."
• "What is my EBITDA this quarter?"
• "Which suppliers have pending invoices?"
• "Show inventory shortages impacting production."
• "Summarize payroll costs this month."
• "Which GST invoices are pending reconciliation?"
• "Show my manufacturing efficiency by plant."
• "Prepare my financial reporting package."
Infinity transforms Entries ERP from a traditional system of record into an intelligent system of action.


AI Embedded Across Every Business Process
AI is no longer an add-on.


Within Entries ERP, AI is embedded throughout Accounting, Financial Reporting, Manufacturing, Inventory Management, HRMS, Payroll, Procurement, Compliance, CRM, Projects, and Document Management.


AI capabilities include:
• Purchase Invoice OCR and extraction
• AI-assisted Accounting
• Automated Journal Entries
• Sales Invoice generation
• Quote-to-Cash automation
• Procure-to-Pay automation
• Intelligent document extraction
• GST validation
• Financial reconciliations
• Revenue leakage detection
• Business anomaly detection
• Compliance monitoring
• Automated workflow approvals
• Conversational reporting
• Predictive business insights
• AI-powered dashboards
• Intelligent business recommendations
By reducing manual work across finance and operations, businesses accelerate month-end close, improve reporting accuracy, reduce costs, and make faster decisions.


Built for Modern Finance Teams
Entries ERP provides a complete financial management platform.


Finance capabilities include:
• General Ledger
• Chart of Accounts
• Accounts Payable
• Accounts Receivable
• Bank Reconciliation
• Cash Flow Management
• Budgeting
• Financial Reporting
• Multi-company Accounting
• Multi-branch Accounting
• Multi-currency Accounting
• Cost Centers
• Projects
• Fixed Assets
• Asset Depreciation
• Accrual Accounting
• Deferred Revenue
• Deferred Expenses
• Inter-company Accounting
• Period Close Management
• Financial Close Automation
• Audit Readiness
• AI-assisted Accounting
• Management Reporting
Finance leaders gain complete visibility into organizational performance through real-time dashboards and AI-powered analytics.


Built for Manufacturing, Inventory and Supply Chain
Entries ERP connects manufacturing operations directly with finance.


Manufacturing capabilities include:
• Inventory Management
• Warehouse Management
• Multi-location Inventory
• Batch & Serial Number Tracking
• Procurement
• Purchase Management
• Vendor Management
• Material Requests
• Purchase Orders
• Goods Receipts
• Bill of Materials (BOM)
• Production Planning
• Material Requirements Planning (MRP)
• Work Orders
• Job Cards
• Shop Floor Management
• Production Scheduling
• Material Consumption
• Finished Goods Management
• Subcontracting
• Quality Control
• Manufacturing Costing
• Production Analytics
Every inventory movement automatically updates accounting, ensuring accurate inventory valuation and financial reporting.


HRMS, Payroll and Employee Experience
Entries ERP provides a complete Hire-to-Retire platform.


Organizations can manage:
• Employee Onboarding
• HRMS
• Payroll
• Attendance
• Leave Management
• Shift Management
• Expense Claims
• Performance Management
• Employee Self-Service (ESS)
• Mobile Attendance
• Geo-fencing
• Payslips
• Tax Declarations
• Compliance
• Full & Final Settlement
Employees access everything through the Entries ERP ESS Mobile App.


Smarter GST and Compliance Management
Entries ERP includes integrated GST Compliance, e-Invoicing, e-Way Bill, TDS, statutory compliance, and one of India's most comprehensive Compliance Management platforms.


Organizations can:
• Reconcile Purchase Register with GSTR-2B
• Maximize Input Tax Credit
• Detect supplier filing gaps
• Track statutory due dates
• Monitor Companies Act compliance
• Manage Labour Law compliance
• Monitor Secretarial compliance
• Improve governance through Compliance Health Scores
Businesses remain audit-ready and investor-ready throughout the year.


Built for Chartered Accountants and Managed Finance Services
Entries ERP includes an integrated CA Practice platform enabling firms to manage multiple clients from one workspace.


Capabilities include:
• Client Management
• Accounting Services
• Payroll Services
• Compliance Management
• Document Management
• Task Management
• Collaboration
• Business Insights
• Financial Reporting
The platform enables firms to scale advisory and managed finance services while maintaining complete visibility across every client organization.


One Platform. Infinite Possibilities.


With Entries ERP and the Entries AI Platform, NetAcct Solutions believes the future of enterprise software is autonomous.


Businesses no longer need separate software for Accounting, Financial Reporting, Inventory Management, Manufacturing, Procurement, HRMS, Payroll, Compliance, CRM, Projects, Document Management, Business Intelligence, and AI.


Infinity brings all these capabilities together through one intelligent platform capable of understanding, automating, and continuously improving business operations.


The vision is simple: One intelligent platform that runs the entire business.


About NetAcct Solutions Pvt. Ltd.


NetAcct Solutions Pvt. Ltd. is a Bengaluru-based enterprise software company backed by former Freshworks leaders, building AI-powered business management software for modern Indian businesses.
Its flagship offering, Entries ERP, is built on the Entries AI Platform and powered by Infinity, the enterprise AI Agent.


Entries ERP combines AI-powered Accounting Software, Financial Reporting, Inventory Management, Manufacturing ERP, Procurement, Sales, CRM, HRMS, Payroll, Compliance Management, Projects, Document Management, Business Intelligence, and AI Automation into one unified cloud platform designed specifically for Indian businesses.


The platform enables organizations to replace multiple disconnected applications with a single source of truth, helping them operate more efficiently, make better decisions, strengthen governance, and accelerate growth.


Website: https://entries.ai
Entries ERP — Powered by the Entries AI Platform
One Unified AI-Powered ERP for Accounting, Financial Reporting, Manufacturing, Inventory Management, Procurement, HRMS, Payroll, Compliance, CRM, Projects, Business Intelligence, and Business Operations.


Powered by Infinity. Simplified. Powerful. Built for Growth.


(Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR

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