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NPCI launches AI support layer for UPI with limited features and privacy concerns

NPCI introduces MyUPI, an AI-powered support platform for India’s UPI payments, promising round-the-clock multilingual assistance but currently facing limitations in functionality and privacy transparency, raising questions about its operational maturity. NPCI has rolled out MyUPI, an AI-powered support layer for…

  • apxadmin
  • September 23, 2026
  • Tax, Laws & Money Explained

Bombay High Court rejects GST demand, clarifies films are not software

The Bombay High Court has annulled a ₹79.7 crore GST demand against Karan Johar’s firms, ruling that cinematographic films do not qualify as information technology software, setting a significant precedent in tax classification disputes. The Bombay High Court has struck…

  • apxadmin
  • September 23, 2026
  • Fintech & Digital Money

India introduces merchant discount rate on UPI transactions above ₹2,000 amid cost debates

From 15 October, select large-value UPI transactions will attract a fee, but the NPCI assures the system remains cheaper than card payments for most users and merchants. India’s Unified Payments Interface is set to become slightly more expensive for some…

  • apxadmin
  • September 23, 2026
  • Markets & Investing

India’s small-cap valuations reach near double the Nifty 50, signalling potential reversion

Small-cap shares in India are now priced at nearly twice the level of the Nifty 50, highlighting a widening valuation divergence across market segments that may signal an upcoming market correction, according to VK Vijayakumar of Geojit Investments. Small-cap shares…

  • apxadmin
  • September 23, 2026
  • Economy, Policy and Business

India's new incentive scheme aims to boost domestic lithium and nickel processing

India is set to launch a new scheme to promote domestic processing of lithium and nickel, strengthening its critical minerals sector and reducing reliance on imports, amid a broader push for self-sufficiency in key industries. India is preparing to introduce…

  • apxadmin
  • September 23, 2026
  • Personal Finance & Wealth

Patna police dismantle fraud network using near-identical fake bank helpline numbers

Police in Patna have arrested four men linked to a sophisticated scam that used near-identical fake bank customer-care numbers to siphon off over ₹3 crore, exposing a wider cybercrime network targeting bank customers across Bihar. Police in Patna say a…

  • apxadmin
  • September 23, 2026
  • Fintech & Digital Money

India's first AI-driven agentic card redefines virtual payments at GFF 2026

Cruise Money has revealed India’s first agentic virtual prepaid card at the Global Fintech Fest 2026, offering AI-powered transaction routing and personalised financial management, pending regulatory approval. Cruise Money has unveiled what it describes as India’s first agentic card, a…

  • apxadmin
  • September 23, 2026
  • Economy, Policy and Business

India and New Zealand sign historic free trade deal with duty-free access from 2026

India and New Zealand have finalised a comprehensive free trade agreement, granting duty-free access to all Indian exports entering New Zealand from October 2026, signalling a significant boost in bilateral economic relations and trade potential. India and New Zealand have…

  • apxadmin
  • September 23, 2026
  • Personal Finance & Wealth

Gurugram couple’s ₹1.2 lakh monthly expenses spark debate on middle-class living costs

A social media post revealing a monthly spend of ₹1.2 lakh by a Gurugram couple has reignited discussions on the true cost of middle-class lifestyles in India’s priciest urban markets, highlighting soaring housing and discretionary expenses. A Gurugram couple’s social…

  • apxadmin
  • September 23, 2026
  • Fintech & Digital Money

Lxme partners with Shiprocket to integrate UPI and enable digital gold rewards across India’s D2C sector

Lxme has teamed up with Shiprocket to expand its UPI payment service in India’s direct-to-consumer market, allowing shoppers to earn Digital Gold on everyday transactions and promoting financial well-being among women. Lxme has teamed up with Shiprocket to widen the…

  • apxadmin
  • September 23, 2026
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