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Supreme Court shuts revision route for tax claims missed in revised return

The Supreme Court has ruled that taxpayers cannot use Section 264 revision proceedings to introduce deductions or adjustments omitted from a timely revised return, reinforcing the finality of statutory filing deadlines. The Supreme Court of India has said that a…

  • apxadmin
  • October 16, 2026
  • Tax, Laws & Money Explained

India cuts online gaming GST demands by 75% after Supreme Court valuation ruling

Tax authorities have reduced the combined principal GST demands against Dream11 operator Sporta Technologies, Gameskraft Technologies and Play Games24x7 from about INR702.1 billion to INR173 billion after recalculating liabilities using player deposits. Indian tax authorities have sharply cut the principal…

  • apxadmin
  • October 16, 2026
  • Personal Finance & Wealth

Starting at 50 can still build a retirement cushion — if saving becomes deliberate

Experts say people with only 10 to 15 years before retirement can still improve their financial security by saving regularly, reducing debt and combining reliable income sources rather than chasing risky returns. For anyone in their mid-40s or 50s who…

  • apxadmin
  • October 16, 2026
  • Economy, Policy and Business

Sunil Mittal says India’s next 20 years could eclipse its last growth surge

The Bharti Enterprises founder says technology, energy and India’s young population could drive the country towards becoming the world’s third-largest economy. Sunil Bharti Mittal says India is on the cusp of a long economic surge and that, if he were…

  • apxadmin
  • October 16, 2026
  • Tax, Laws & Money Explained

SEBI to randomise market close and shift derivatives settlement to final-hour VWAP

India’s markets regulator will introduce a 10-minute closing auction and new VWAP-based expiry settlements from 7 December 2026, aiming to strengthen price discovery and curb late-session manipulation. India’s markets regulator has overhauled the way the stock market closes, introducing a…

  • apxadmin
  • October 16, 2026
  • Economy, Policy and Business

India’s spectrum auction delay gives telcos another year to put 5G investment first

The latest postponement eases spending pressure on India’s mobile operators, but deprives the government of near-term telecom revenue as carriers await cheaper airwaves. India’s mobile operators appear to have won a useful pause as the next spectrum sale slips further…

  • apxadmin
  • October 16, 2026
  • Personal Finance & Wealth

SBI ordered to pay retired scientist Rs 15.35 lakh over missed fixed-deposit maturity notice

A Hyderabad consumer commission found SBI deficient in service for failing to alert a retired scientist that his Rs 15 lakh fixed deposit had matured or explain the extension option. The Hyderabad District Consumer Disputes Redressal Commission has ordered the…

  • apxadmin
  • October 16, 2026
  • Fintech & Digital Money

Shopify targets 2027 India launch for Shop Pay as checkout competition intensifies

Shopify is reportedly targeting the first quarter of 2027 to launch Shop Pay in India, putting its accelerated checkout service up against local specialists including GoKwik and Razorpay. Shopify is preparing to bring Shop Pay to India, a move that…

  • apxadmin
  • October 16, 2026
  • Markets & Investing

Tech Mahindra’s recovery clears another hurdle as margins and deal wins strengthen

Tech Mahindra beats expectations with 15.6% revenue growth, a 14.8% operating margin and more than $1bn in contract wins for a fourth consecutive quarter, while unveiling an interim dividend and 1:1 bonus issue. Tech Mahindra delivered a stronger-than-expected second quarter,…

  • apxadmin
  • October 16, 2026
  • Markets & Investing

Sensex rally faces global test as earnings and expiry flows shape Indian market open

Indian shares are poised for a firm opening after the Sensex surged more than 1,500 points, but mixed Wall Street cues, uneven earnings and key derivatives levels could test the rally. Indian equities set up for a firm opening on…

  • apxadmin
  • October 16, 2026
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