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AI in wealth management remains useful but cannot replace human judgement, experts warn

While AI can streamline tasks and enhance client engagement in wealth management, industry experts emphasise that human judgement and personalised advice remain irreplaceable when managing sensitive financial decisions and complex client needs. Artificial intelligence may be becoming a useful aide…

  • apxadmin
  • August 14, 2026
  • Personal Finance & Wealth

HDFC Life enhances access to low-cost life cover through PMJJBY scheme

HDFC Life’s Pradhan Mantri Jeevan Jyoti Bima Yojana offers affordable life insurance at ₹436 annually for Indian savers aged 18 to 50, providing a modest safety net with claims routed through bank channels, highlighting its role as a basic protection…

  • apxadmin
  • August 14, 2026
  • Personal Finance & Wealth

Government unveils new steps to expedite higher pension claims amid backlog concerns

The government has announced a four-pronged approach to accelerate the processing of higher pension claims under the Employees’ Pension Scheme, though no new deadlines have been set for pending cases, leaving many pensioners awaiting benefits. The government has said the…

  • apxadmin
  • August 14, 2026
  • Markets & Investing

SEBI rejects mandatory aptitude test for retail derivatives traders amid ongoing risk debate

India’s securities regulator has dismissed calls for a compulsory exam for retail traders in futures and options, prioritising broader market safeguards over gatekeeping amid concerns over investor losses and regulatory overreach. India’s markets regulator has ruled out a mandatory aptitude…

  • apxadmin
  • August 14, 2026
  • Markets & Investing

KRBL’s profits soar despite revenue dip, driven by margin improvements and inventory gains in FY27

KRBL begins FY27 with a remarkable profit rise amid a slight revenue decline, highlighting the impact of margin management and inventory swings, as export challenges and domestic growth shape its outlook. KRBL has begun FY27 with a striking rise in…

  • apxadmin
  • August 14, 2026
  • Tax, Laws & Money Explained

PenCom intensifies push to meet pension account recapture targets amid slow progress

PenCom warns Pension Fund Administrators that failure to meet quarterly RSA account recapture targets could result in sanctions, amid concerns over sluggish progress and plans for tighter oversight in 2026. PenCom has warned Pension Fund Administrators that underperform on the…

  • apxadmin
  • August 14, 2026
  • Economy, Policy and Business

RBI loan pricing overhaul may limit flexibility for large housing financiers, says Kotak

Kotak Institutional Equities warns that the Reserve Bank of India’s proposed loan pricing reforms could restrict flexibility among large prime housing finance companies while accelerating transmission of bank rate changes to non-banking financial companies. Kotak Institutional Equities says the Reserve…

  • apxadmin
  • August 14, 2026
  • Economy, Policy and Business

Gaurav Gogoi urges centre to ease GST compliance burdens for small businesses

Gaurav Gogoi has called on the Union Finance Minister to simplify GST procedures for small traders and manufacturers, citing increasing paperwork, frequent rule changes, and unresolved notices that hinder growth in rural and semi-urban areas. Gaurav Gogoi has asked Union…

  • apxadmin
  • August 14, 2026
  • Economy, Policy and Business

India’s IT sector faces its weakest hiring stretch in years as AI-driven shifts reshape workforce strategies

India’s IT and business process management industry is experiencing a significant slowdown in hiring, driven by a strategic shift towards automation, flexible staffing, and AI-ready skills, signalling a profound transformation in the sector’s hiring landscape. India’s IT and business process…

  • apxadmin
  • August 14, 2026
  • Personal Finance & Wealth

Kenyan banks combat rising phone scams with new verification tools and strict guidelines

Equity Bank warns customers about increasingly persuasive phone scams exploiting trust and urgency, and introduces new tools to verify dubious requests amid a surge in fraud targeting bank clients. Phone scams are becoming one of the most effective ways fraudsters…

  • apxadmin
  • August 14, 2026
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