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India tests digital currency for food subsidies in pilot rollout

India advances its digital currency infrastructure with a new pilot programme in Chandigarh and Dadra and Nagar Haveli, integrating Central Bank Digital Currency into food subsidy payments to enhance transparency and reduce leakage. India will take a further step in…

  • apxadmin
  • August 13, 2026
  • Fintech & Digital Money

AvenuesAI targets ₹13,000 crore revenue by FY27 with US expansion and AI investments

AvenuesAI Ltd reports a 45% rise in quarterly net profit to ₹85 crore, driven by more than doubling revenue to ₹2,680 crore, as it plans aggressive expansion into the US and launches new AI-powered transaction platforms to achieve its FY27…

  • apxadmin
  • August 13, 2026
  • Personal Finance & Wealth

Digital arrest scams escalate as elderly victim loses ₹16.16 lakh in Telangana

A 76-year-old woman from Serilingampally fell victim to a digital arrest scam, losing over ₹16 lakh after scammers impersonated law enforcement officials through video calls. Police warn of a rising pattern targeting senior citizens across India. A 76-year-old retired Central…

  • apxadmin
  • August 13, 2026
  • Personal Finance & Wealth

Rethinking household budgets: moving towards flexible allowances for simpler financial control

Traditional household budgets often prove cumbersome and inflexible, prompting a shift towards allowance-based systems that prioritise essentials and reduce mental load, offering a more adaptable approach to managing personal finances. Traditional budgeting is often sold as a mark of discipline,…

  • apxadmin
  • August 13, 2026
  • Personal Finance & Wealth

Smart budgeting can keep car maintenance affordable for families

Routine vehicle upkeep doesn’t have to strain household budgets. With careful planning and regular savings, families can keep their cars reliable without overspending, even as vehicles age. Keeping a vehicle roadworthy does not have to blow a hole in a…

  • apxadmin
  • August 13, 2026
  • Tax, Laws & Money Explained

Bajaj Life Insurance launches complex ULIP with guaranteed charges and long-term benefits

Bajaj Life Insurance introduces the Supreme plan, a ULIP offering market-linked investments, guaranteed wealth boosters, and long-term loyalty benefits, targeting investors comfortable with the product’s complexity and costs. Bajaj Life Insurance’s Supreme plan is a unit-linked insurance policy, or ULIP,…

  • apxadmin
  • August 13, 2026
  • Tax, Laws & Money Explained

India’s GST reform debate intensifies after nine years of mixed results

Nine years since its inception, India’s goods and services tax has delivered significant administrative benefits but still faces calls for more comprehensive reforms to enhance revenue and competitiveness, with key changes including rate simplification and bringing petroleum products into the…

  • apxadmin
  • August 13, 2026
  • Tax, Laws & Money Explained

India aims to expand co-lending and TReDS to bridge $530bn MSME credit gap

India’s parliamentary finance committee is advocating for broader deployment of bank-NBFC co-lending and TReDS platforms to address a $530 billion credit shortfall faced by micro, small and medium enterprises, amid concerns over limited formal credit access despite digital infrastructure. India’s…

  • apxadmin
  • August 13, 2026
  • Markets & Investing

India's off-market equity valuation reform could boost foreign investment and curb disputes

Reforming India’s approach to valuing private equity deals, especially in listed shares, could reduce litigation, provide greater certainty for investors, and make the market more attractive to long-term capital, according to industry experts. Legacy procedural frictions are still weighing on…

  • apxadmin
  • August 12, 2026
  • Economy, Policy and Business

AstroTalk joins India’s unicorn club with ESOP buyback and stellar growth

Indian spiritual-tech startup AstroTalk has crossed the $1 billion valuation mark through an employee stock ownership plan buyback, marking a new route to unicorn status without external funding amidst rapid revenue growth and expanding ecommerce operations. AstroTalk has crossed the…

  • apxadmin
  • August 12, 2026
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