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How Indian IT firms can optimise CAD remittances with better compliance and cost strategies

Indian IT and service exporters to Canada face hidden costs and compliance challenges in cross-border payments. Choosing the right transfer method, securing proper documentation, and understanding purpose codes can optimise costs and streamline GST refunds, according to Razorpay’s latest guidance.…

  • apxadmin
  • August 17, 2026
  • Economy, Policy and Business

India’s first internationally compliant shipping containers mark a turning point for domestic manufacturing

India’s move into producing globally compliant shipping containers signals a significant shift towards localised logistics infrastructure, supported by government policies and a budding ecosystem to challenge Chinese dominance. India’s move into internationally compliant container manufacturing is more than a symbolic…

  • apxadmin
  • August 17, 2026
  • Economy, Policy and Business

India’s public-sector employment crisis deepens as recruitment delays and contractual hiring rise

Despite mounting demand, India faces a shrinking and inefficient public-sector workforce, with lengthy recruitment processes and a shift toward contractual jobs undermining long-term staffing stability, as government vacancies remain high. India’s hunger for secure public-sector work remains intense, but the…

  • apxadmin
  • August 17, 2026
  • Economy, Policy and Business

India’s outsourcing industry accelerates AI transformation amid record revenues and labour shift

India’s IT services sector is experiencing a significant shift as AI integration drives revenue growth while reducing employment, signalling a transformative period for the country’s white-collar industries. India’s outsourcing industry is being reshaped by artificial intelligence at the same time…

  • apxadmin
  • August 17, 2026
  • Economy, Policy and Business

Axis Bank raises $300 million in senior notes amid market report discrepancies

Axis Bank has priced $300 million of senior notes due 2029, as part of its ongoing efforts to secure cheaper dollar liquidity through offshore markets, amid conflicting reports on recent bond issuance totals. Axis Bank has priced $300 million of…

  • apxadmin
  • August 17, 2026
  • Economy, Policy and Business

Lloyds Engineering raises over ₹500 crore to expand steel fabrication and defence capabilities

Lloyds Engineering Works completes a ₹504 crore equity issue to bolster its structural steel and defence sectors, acquiring a controlling stake in SISCOL and signing a key technology transfer deal with Italy’s Alpar Ingegneria. Lloyds Engineering Works has completed a…

  • apxadmin
  • August 17, 2026
  • Economy, Policy and Business

India aims for at least one domestic bank to enter the global top five by 2047

Prime Minister Narendra Modi has set an ambitious goal for India’s banking sector to see at least one domestic bank ranked among the world’s top five by 2047, as part of the broader Viksit Bharat vision and ongoing reforms to…

  • apxadmin
  • August 17, 2026
  • Personal Finance & Wealth

Using credit cards to pay mortgages may do more harm than good, warns experts

Many households consider credit card payments for mortgage bills as a quick cash-flow fix, but the costs, delays, and risks involved suggest it’s a short-term solution at best. For many households, the mortgage is the biggest monthly bill, so it…

  • apxadmin
  • August 17, 2026
  • Personal Finance & Wealth

Air India’s fare discounts and promotions become more complex and targeted

Air India is enhancing its marketing strategy with a range of fare cuts, promotions, and concessions that vary by route and booking channel, requiring passengers to navigate fine print to maximise savings. Air India is marketing a mix of fare…

  • apxadmin
  • August 17, 2026
  • Personal Finance & Wealth

Major lenders accelerate mortgage rate cuts amid intensifying competition

Santander, Nottingham Building Society, and Nationwide have announced significant reductions in mortgage rates, signalling a fierce battle for borrowers as lenders adjust their offerings amidst a busy market shift. Santander and Nottingham Building Society have joined a growing list of…

  • apxadmin
  • August 17, 2026
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