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Money Crux
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India’s robust economy faces global shocks but maintains growth momentum into 2026-27

India’s financial markets are expected to sustain growth supported by domestic demand and services, despite external uncertainties like geopolitical tensions and rising energy prices, according to SEBI’s annual report for 2026-27. India’s financial markets are likely to keep drawing support…

  • apxadmin
  • August 10, 2026
  • Economy, Policy and Business

Indian Oil’s Project Sprint 2.0 shifts focus towards scaling up refining and boosting global brand visibility

Indian Oil Corporation Ltd is redefining Project Sprint 2.0 to prioritise expanding refining capacity, enhancing retail brand presence, and targeting increased exports, signalling a strategic shift from cost-cutting to market dominance. Indian Oil Corporation Ltd is recasting Project Sprint 2.0…

  • apxadmin
  • August 10, 2026
  • Personal Finance & Wealth

Choosing between balance transfer cards and personal loans for debt relief in 2026

As consumers face growing credit card debts, the decision to opt for a balance transfer or a personal loan hinges on repayment timelines, costs, and borrowing capacity, with recent guides highlighting what each option offers in the evolving financial landscape.…

  • apxadmin
  • August 10, 2026
  • Personal Finance & Wealth

Fake security alerts exploiting Apple and Amazon users escalate scam tactics

Cybercriminals are deploying sophisticated fake alerts mimicking Apple and Amazon branding to deceive users into divulging personal information, prompting renewed vigilance for online scams. A new scam is exploiting the fear of unauthorised charges by flashing full-screen warnings that claim…

  • apxadmin
  • August 10, 2026
  • Personal Finance & Wealth

Online fraud tactics evolve with emotional manipulation and social media exploitation

Fraudsters are increasingly using patience, emotional manipulation, and social media familiarity to target vulnerable individuals, especially older adults, with tactics that are becoming harder to detect. Experts emphasise the importance of verifying relationships and fostering community connections to prevent exploitation.…

  • apxadmin
  • August 10, 2026
  • Tax, Laws & Money Explained

HDFC Bank reduces MCLR by 5 basis points, sparking limited relief for borrowers

HDFC Bank has lowered its marginal cost of funds-based lending rate (MCLR) across most tenures by 5 basis points, potentially easing borrowing costs for some clients from August 7, 2026. However, the impact on loans varies depending on the benchmark…

  • apxadmin
  • August 10, 2026
  • Tax, Laws & Money Explained

Taxpayers with business income must file by August 31 to avoid penalties in 2026-27

The Income Tax Department urges freelancers, small business owners, and professionals to submit their non-audit returns by August 31, 2026, highlighting the importance of timely filing to avoid penalties and late fees for assessment year 2026-27. The Income Tax Department…

  • apxadmin
  • August 10, 2026
  • Tax, Laws & Money Explained

Seafarers can now access swift non-refundable withdrawals to bridge income gaps and cover major expenses

The Seamen’s Provident Fund Organisation introduces faster withdrawal processes, enabling eligible seafarers to access funds quickly during income lags for medical, housing, and family milestones. Seafarers facing long gaps between contracts can use the Seamen’s Provident Fund Organisation as a…

  • apxadmin
  • August 10, 2026
  • Tax, Laws & Money Explained

India moves towards fully digital process for lower and nil TDS certificates

The Indian Income Tax Department is finalising rules to enable online application for lower or nil tax deducted at source certificates, aiming to simplify compliance for small taxpayers and bolster its digital tax administration. India’s Income Tax Department is drafting…

  • apxadmin
  • August 10, 2026
  • Personal Finance & Wealth

Rising earnings no guarantee of wealth as lifestyle inflation erodes long-term security

As longer lives and extended retirements become the norm, experts warn that increased income alone does not ensure lasting wealth, pointing to the pervasive issue of lifestyle inflation and behavioural traps that undermine financial security. As people live longer and…

  • apxadmin
  • August 10, 2026
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