In other news, there has been a 120% rise in tax returns filed in India over the past 10 years, with nearly 75% of those that filed their returns for the assessment year 2024-25 picking the New Tax Regime. The portfolio data of mutual funds at the end of October showed that the aggregate cash held in actively managed equity schemes fell for the first time this financial year, despite receiving their highest ever inflows into equity schemes in October.
Key takeaways:
- Varun Beverages has set the floor price for its Rs 7,500-crore qualified institutional placement at Rs 594.56 per share.
- The Securities and Exchange Board of India has proposed holding market infrastructure institutions and intermediaries accountable for any consequences arising from their use of artificial intelligence tools in operations or client services.
- There has been a 120% rise in tax returns filed in India over the past 10 years, with nearly 75% of those that filed their returns for the assessment year 2024-25 picking the New Tax Regime.
- The aggregate cash held in actively managed equity schemes fell for the first time this financial year, with mutual funds receiving their highest ever inflows into equity schemes in October.