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India’s UPI faces sustainability challenge as growth outpaces funding models

A decade after its launch, India’s Unified Payments Interface has become the backbone of the country’s digital economy, but its future growth hinges on developing sustainable revenue models amid mounting costs and market consolidation. India’s Unified Payments Interface has moved…

  • apxadmin
  • August 12, 2026
  • Fintech & Digital Money

Jio Financial Services and Allianz move towards creating a disruptive insurance giant in India

Jio Financial Services and Allianz have formalised a 50:50 partnership to develop a larger, digitally-driven insurance business in India, aiming to expand accessibility and competitiveness in the sector. Jio Financial Services and Allianz have moved a step closer to building…

  • apxadmin
  • August 12, 2026
  • Fintech & Digital Money

Uber expands bike taxi operations in India to 220 locations, intensifying market competition

Uber is extending its bike taxi services to 100 more cities across India, reaching 220 locations and challenging rivals like Rapido amid mounting market pressures and regulatory changes. Uber is widening its bike taxi push in India, adding 100 more…

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

Yulu raises $93 million to accelerate India's electric mobility expansion amid surging startup investments

Indian startups made significant funding moves on 12 August 2026, led by Yulu’s $93 million Series C to expand its electric fleet, as the country’s startup ecosystem demonstrates accelerating investment activity and evolving leadership dynamics. Four Indian startups announced funding…

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

India’s rising power demand intensifies need for grid upgrades and efficiency measures

India’s electricity consumption surged nearly 11% in July, driven by hot weather and industrial growth, highlighting urgent challenges for grid reliability and the push for sustainable energy solutions. India’s electricity use climbed nearly 11% year-on-year in July to 170.7 billion…

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

India's fresher hiring climate shows signs of recovery with sector disparities and tech skills demand

Freshers in India are experiencing a modest boost in employment prospects in 2026, with increased recruitment interest in retail, e-commerce, and technology, amid evolving skill requirements and sector variations. Freshers in India are finding a slightly stronger hiring climate this…

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

India's mining overhaul: central government restricts states from levying additional taxes under new amendments

The Lok Sabha has approved a comprehensive overhaul of India’s mining regulations, preventing states from imposing extra taxes on mineral rights and centralising oversight to promote economic stability and attract investments. The Lok Sabha on Wednesday passed the Mines and…

  • apxadmin
  • August 12, 2026
  • Tax, Laws & Money Explained

Bank of Baroda and Canara Bank hike lending rates, signalling rising borrowing costs for mortgage and auto loans

Bank of Baroda and Canara Bank increase their Marginal Cost of Funds Based Lending Rate (MCLR) from August 12, potentially leading to higher EMIs on loans linked to this benchmark, amidst stable RBI repo rates. Bank of Baroda and Canara…

  • apxadmin
  • August 12, 2026
  • Tax, Laws & Money Explained

India’s corrugated packaging sector warns of GST mismatch causing cash flow crisis

The Indian corrugated packaging industry warns that recent GST rate changes have created an inverted duty structure, locking up significant working capital and threatening the growth of a sector vital to logistics and circular economy initiatives. India’s corrugated packaging industry…

  • apxadmin
  • August 12, 2026
  • Markets & Investing

Sun TV Network boosts earnings and declares interim dividend amid strong quarterly growth

Sun TV Network reports a 16% rise in profit after tax and a 13% revenue increase for the June quarter, leading to an interim dividend of ₹5 per share, signalling strong recovery and investor appeal. Sun TV Network has declared…

  • apxadmin
  • August 12, 2026
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