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Jio’s IPO marks the launchpad for Reliance’s AI, satellite and 5G push

Reliance is preparing Jio’s mega stock market debut as it builds AI-ready data centres, pursues a sovereign satellite network and targets full 5G migration by 2030. Reliance Jio is preparing for a watershed moment with its proposed mega initial public…

  • apxadmin
  • October 20, 2026
  • Economy, Policy and Business

Ladakh redraws its map as Fairfax secures control of IDBI Bank

Sankoo has become Ladakh’s eighth district while the Union Cabinet has approved Fairfax’s Rs 52,878 crore acquisition of a controlling stake in IDBI Bank, combining a major administrative shift with one of India’s biggest strategic sales. Ladakh’s latest administrative change…

  • apxadmin
  • October 20, 2026
  • Personal Finance & Wealth

LIC targets retirement, hospital bills and cancer with three new policies

The insurer’s New Jeevan Dhara-II, Health Shield and New Cancer Cover offer deferred annuity income, hospital cash and critical illness benefits from 19 October 2026. Life Insurance Corporation of India has rolled out three products aimed at distinct financial worries:…

  • apxadmin
  • October 20, 2026
  • Tax, Laws & Money Explained

GST Council proposes ₹10,000 floor for show-cause notices

The proposed threshold would close low-value pending cases and exclude interest, penalties and late fees from the calculation, but legal amendments are still required. The Goods and Services Tax Council has recommended that no show-cause notice be issued when the…

  • apxadmin
  • October 20, 2026
  • Personal Finance & Wealth

Indian festive shoppers favour value as discretionary spending forecast falls

Apparel remains the top festive purchase, but tighter budgets, high precious-metal prices and greater reliance on savings are reshaping demand across India. Indian households are heading into the festive season with a sharper eye on value, even as clothing, footwear…

  • apxadmin
  • October 20, 2026
  • Markets & Investing

Bajaj Finance raises FY27 growth guidance as profit jumps 29%

Bajaj Finance lifts its FY27 AUM growth forecast to 26%-27% after reporting a 29% rise in quarterly profit, while improving asset quality and lower funding costs support earnings. Bajaj Finance delivered a strong second quarter in FY27, extending a run…

  • apxadmin
  • October 20, 2026
  • Personal Finance & Wealth

SCSS keeps ₹30 lakh ceiling as 8.2% rate offers retirees predictable income

The government-backed Senior Citizens’ Savings Scheme pays 8.2% annually with quarterly interest, while its investment cap remains ₹30 lakh rather than the higher figure cited in some reports. The Senior Citizens’ Savings Scheme remains one of the most straightforward post-retirement…

  • apxadmin
  • October 20, 2026
  • Tax, Laws & Money Explained

India drops TDS on New Development Bank’s Maharajah Bond interest

The exemption from financial year 2026-27 is designed to attract domestic and foreign investors as the BRICS-backed lender seeks to raise ₹25,000 crore through rupee bonds. The Indian government has removed tax deduction at source on interest payments from Maharajah…

  • apxadmin
  • October 20, 2026
  • Economy, Policy and Business

Yes Bank warns core capital will fall after court revives ₹8,415 crore bond liability

Yes Bank expects its common equity Tier 1 ratio to drop to 11.4% by September after India’s Supreme Court overturned the write-off of ₹8,415 crore in additional Tier-1 bonds. Yes Bank said its core capital ratio is likely to fall…

  • apxadmin
  • October 20, 2026
  • Markets & Investing

Taiwan stocks rebound as chip buying offsets fresh fears over AI debt

Taiwan’s benchmark index recovered from a sharp early fall as investors bought chip and memory stocks, despite mounting concern over costly AI infrastructure and highly leveraged expansion. Asian markets steadied on Tuesday after a sharp early sell-off, as buyers stepped…

  • apxadmin
  • October 20, 2026
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