FPIs invest Rs 15,157 crore in July, reverse selling trend
Foreign portfolio investors turned net buyers in July, investing over Rs 15,157 crore after four months of selling, reversing a prolonged withdrawal trend.
Category : Banking
India-UK Double Contribution Convention to protect EPF savings
India-UK FTA effective July 15 eliminates import duty on Indian goods and introduces Double Contribution Convention, ensuring Indian workers' social security contributions go to their EPF accounts in India.
Punjab man held for Rs 77,510 loan fraud in Ambala
A Punjab man was arrested for allegedly duping an Ambala resident of Rs 77,510 by posing as a finance representative and demanding fees for a fake loan.
India, Canada Third CEPA Round Ends, Target 2026 Conclusion
India and Canada concluded the third round of CEPA negotiations in Ottawa from July 6-10, 2026, with positive progress, reaffirming commitment to conclude talks by year-end.
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ED Attaches Rs 1,021 Crore Assets in RHFL Case
The Enforcement Directorate has attached properties worth Rs 1,021 crore in the RHFL and RCFL money laundering case, taking total PMLA attachments in Reliance Anil Ambani Group cases to Rs 20,367 crore.
60% foreign inflows withdrawn from India funds since 2024 peak
Nearly 60% of foreign inflows into India-focused equity funds have been withdrawn since the 2024 peak, with $12 billion redeemed as investors shift to AI-linked opportunities, per Elara Capital.
NPPA Caps Prices of 39 Medicines, Revises Rabies Injection Rate
NPPA fixes retail price of Calcium-Vitamin D3 tablets at Rs 8.93 per tablet, revises Anti-Rabies Immunoglobulin injection to Rs 119.48, and caps prices of 39 commonly used medicines for hypertension, diabetes, and heart disease.
E20 Fuel Reduces Mileage by 3-5% in Some Vehicles
The Indian government has confirmed that E20 ethanol-blended fuel reduces fuel economy by 3-5% in certain vehicles, amid ongoing debate over blending targets.
Chandigarh Business Council Seeks Business-Friendly Reforms
Chandigarh Business Council submitted a memorandum to SDMs seeking reforms in building bylaws, penalties, and trade norms to improve ease of doing business while preserving city's planned character.
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ED Attaches Rs 200 Crore Assets in IDFC, AU Bank Scam
The Enforcement Directorate has attached assets worth Rs 200.83 crore in the IDFC First Bank and AU Small Finance Bank scam, including properties in Chandigarh, Mohali, Panchkula, and Delhi.
CBI Court Denies Bail to Two Former RCOM Executives
A CBI court rejected bail pleas of two former Reliance Communications executives in a bank fraud case, citing the gravity of the alleged financial irregularities.
TRAI: No App Can Block 1600 Govt Calls; DND Blocks 140 Series
TRAI clarified that no app can block 1600 series government calls, while 140 series promotional calls can only be blocked via the DND registry, amid a dispute with Truecaller.
Govt Studies Digital Notarisation for NRIs, Foreigners Onboarding
The government is examining digital notarisation to ease document verification and onboarding of foreign nationals and NRIs into India's financial system, said DEA Director Harsha Bhowmik.
Ethanol Blending Myths Debunked: Govt Policy Based on 4 Years Research
Grain Ethanol Manufacturers Association says engine damage fears from ethanol-blended petrol are myths, citing 4 years of government research and no engine failures in old vehicles.
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India's forex reserves rise $7.26 bn to $674.193 bn
India's foreign exchange reserves increased by $7.26 billion to $674.193 billion for the week ending July 3, driven by gains in foreign currency assets and gold reserves, RBI data shows.
TRAI Clarifies Framework for 1600 and 140 Number Series
TRAI clarifies that 1600 series are for BFSI and government calls, 140 series for promotional calls, and third-party tagging is prohibited.
TaskUs India Celebrates Pride Month with Diversity Hiring
TaskUs India reinforced its commitment to inclusion through Pride Month celebrations, including awareness sessions, recruitment drives, and community partnerships across five sites, resulting in 8 job offers.
Bank of Maharashtra Launches FinSpark'26 Cybersecurity Hackathon
Bank of Maharashtra launches FinSpark'26, a national cybersecurity hackathon for students and dropouts, offering Rs 10+ lakh prize pool, top 20 teams to present at COEP Pune and showcase at Global FinTech Fest 2026.
Equity MF inflows up 26% to Rs 28,973 crore in June: AMFI
Net inflows into equity mutual funds surged 26% to Rs 28,973 crore in June 2026, driven by retail participation. Mid-cap funds led with Rs 6,090 crore inflows, according to AMFI data.
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Cash flow-based lending to boost MSME credit access: PwC
Cash flow-based lending will improve MSME credit access and strengthen their financial position, says PwC's Anurag Khandelwal, citing government reforms and TReDS platform benefits.
Private life insurers APE growth 18% in June; Tier-II outperform
India's private life insurers saw 18% APE growth in June 2026, with Tier-II players outpacing top four for eighth straight month, Kotak report says.
Assam Budget 2026: VAT on Piped Natural Gas Cut to 5%
Assam government proposes to reduce VAT on piped natural gas from 15% to 5% in Budget 2026 to promote cleaner fuel adoption across the state.
Rs 3.81-Crore Gold Loan Fraud: Delhi Police Arrest Accused
Delhi Police EOW arrested a man for a Rs 3.81-crore gold loan fraud using counterfeit gold, forged documents, and fake identities to create 683 fake loan accounts at Sai Fincorp.
TReDS Mandate to Speed Up MSME Payments, Improve Working Capital
Ministry of MSME mandates CPSEs to settle MSME invoices via TReDS, ensuring faster payments and collateral-free working capital, fulfilling a Budget 2026-27 promise.
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Four Seasons Asia Babymoon Packages for Expectant Parents
Four Seasons Resorts of Asia introduces babymoon offerings focusing on holistic healing, nourishing cuisine, and memorable experiences for expectant parents across Thailand, Malaysia, Vietnam, Maldives, Bali, and Palau.
eazyPetition AI Cuts USCIS Petition Prep to Under 30 Minutes
eazyPetition's AI platform automates USCIS petition preparation, enabling each stakeholder to complete their part in under 30 minutes, reducing errors and delays.
Microsoft Xbox Backlash Over Layoffs and H-1B Visa Approvals
Microsoft's Xbox division faces social media backlash after laying off 1,600 employees while securing approvals for 2,273 H-1B foreign worker visas, sparking criticism over US job displacement.
Karnataka govt woos women's groups with fish farming
Karnataka's fisheries department has identified 1,229 minor irrigation tanks for a fish farming programme in partnership with gram panchayats and women SHGs.
Builder Ordered to Refund Rs 13 Lakh for Plot Delay
Chandigarh consumer commission directs builder to refund Rs 13,40,110 with interest for failing to hand over plot possession within promised timeline.
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RBI Launches July 2026 Consumer Confidence and Inflation Surveys
The Reserve Bank of India has launched the July 2026 round of three key household surveys to gather public feedback on economic conditions, inflation, and employment, providing inputs for monetary policy.
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