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    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
    Ensure uniform deposit rates across all branches: RBI tells banks
    PM takes stock of geo-political situation, safety of seafarers, supply chain constraints
    Delhi govt to provide property Aadhaar cards; bring Land Records Bill: CM Rekha Gupta
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    July 31, 2026
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
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    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
    Show AI Summary
    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
    Show AI Summary
    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
    Show AI Summary
    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
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    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
    Show AI Summary
    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
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    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.
    July 30, 2026
    Show AI Summary
    Property digital identity framework proposed through comprehensive surveys, floor-level records, and unique cards to improve ownership verification.
    The proposed Delhi Land Records Bill, 2026 contemplates a digital land-records framework requiring scientific surveys of every property, comprehensive authenticated digital records and a unique Property Aadhaar Card. The proposed system would cover rural and urban residential, commercial and other properties, including floor-level records for buildings. It is intended to improve ownership verification, property transactions, inheritance, loan access, building-plan approvals and transparency in land records.

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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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