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UK and India join telecoms forces to turn AI against cross-border fraud

The UK government and India’s telecoms industry have agreed to share expertise and develop AI tools aimed at making communications networks more resilient to increasingly sophisticated scams. The UK government and India’s main mobile operators’ body have agreed to deepen…

  • apxadmin
  • October 20, 2026
  • Markets & Investing

China’s AI and chip boom turns into record stock-market rout

China’s CSI 300 has suffered a record 10-week losing streak as AI and semiconductor shares plunge, wiping out much of this year’s rally and prompting foreign investors to withdraw billions. China’s stock market is enduring its longest weekly losing streak…

  • apxadmin
  • October 20, 2026
  • Fintech & Digital Money

Itaú turns loyalty points into everyday Pix spending

Customers can now use Pontos Itaú balances to cover eligible Pix purchases in the bank’s app, although points cannot be combined with another payment method or used through Pix Automático. Itaú Unibanco is letting customers use accumulated loyalty points to…

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

Air India and IndiGo called before parliamentary panel in aviation sector review

Airline executives and aviation safety agencies are due to face lawmakers on November 2 as India examines the performance and oversight of its civil aviation sector. Representatives from Air India, IndiGo and India’s aviation safety agencies are due to face…

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

IDBI Bank profit dip does not settle FD safety question as ₹5 lakh cover leaves excess exposed

IDBI Bank’s mixed profit figures should not be read as a simple sign of danger for fixed-deposit holders, but savers need to understand that DICGC protection covers only up to ₹5 lakh per depositor per bank, including interest. A single…

  • apxadmin
  • October 20, 2026
  • Markets & Investing

Jio Platforms’ $3.2bn IPO draws $25bn anchor demand before public sale

Global institutions including GIC, BlackRock and Fidelity have reportedly placed about $25bn in bids for Jio Platforms’ anchor tranche, nearly 30 times the shares available. Jio Platforms has drawn roughly $25 billion in anchor orders for its $3.2 billion initial…

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

US inflation stays hot as energy and shelter costs squeeze households and property investors

Consumer prices rose 3.7% over the year in September, with energy and shelter costs keeping pressure on household budgets, rental markets and property investment margins. Inflation in the United States remained stubbornly hot in September, with consumer prices rising 0.6%…

  • apxadmin
  • October 20, 2026
  • Markets & Investing

Jio Platforms targets India’s biggest IPO as grey-market premium signals strong demand

Jio Platforms will open subscriptions for its potential record-breaking ₹3.02 lakh crore IPO on 21 October, with brokerages backing its growth prospects across telecoms, broadband and digital services. Jio Platforms is set to test investor appetite in what could become…

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

AI voice clones turn familiar voices into a new fraud weapon

Officials warn that cloned voices, spoofed numbers and urgent impersonation calls are making it harder to distinguish genuine requests from scams. New Mexico officials are warning residents that artificial intelligence is making fraud harder to spot, with scammers now using…

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

Dollar inflows bolster Indian banks but squeeze private lenders’ margins

Foreign currency deposits raised liquidity at Indian banks but were initially deployed in lower-yielding assets, weighing on margins at several large private lenders, Jefferies says. Foreign currency non-resident bank deposits are emerging as an awkward side effect of India’s drive…

  • apxadmin
  • October 20, 2026
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