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Uttar Pradesh postal worker accused of embezzling ₹1.40 crore to fund online betting spree

A post office assistant in Sambhal has been arrested after allegedly siphoning ₹1.40 crore from customers by issuing fake receipts and diverting funds for online betting, including Dream11. A postal employee in Sambhal, Uttar Pradesh, has been arrested after police…

  • apxadmin
  • August 8, 2026
  • Personal Finance & Wealth

PhonePe CEO assures UPI charges will not be levied on Indian consumers

PhonePe’s Sameer Nigam confirms that UPI will remain free for users amid government discussions on transaction fee policies, reassuring small merchants and consumers alike. PhonePe founder and chief executive Sameer Nigam has sought to calm speculation over possible UPI fees,…

  • apxadmin
  • August 8, 2026
  • Markets & Investing

Kian Digital launches sector-focused cement fund amid Iran’s economic recovery

Kian Digital is set to launch its fifth specialist cement-sector fund, offering investors targeted exposure to Iran’s construction and infrastructure growth through active management and sector-focused strategies. Kian Digital is set to open subscription for its fifth specialist cement-sector fund,…

  • apxadmin
  • August 8, 2026
  • Markets & Investing

Rupee gains marginally amid global risks and mixed market cues

The Indian rupee rose slightly to 95.17 against the US dollar on Friday, supported by foreign capital inflows but weighed down by cautious global developments and rising crude oil prices, while domestic markets remained subdued. The rupee edged higher on…

  • apxadmin
  • August 8, 2026
  • Markets & Investing

PPFAS Mutual Fund advocates patience amid Parag Parikh Flexi Cap Fund’s modest downturn

Rajeev Thakkar of PPFAS Mutual Fund dismisses recent dip in the Parag Parikh Flexi Cap Fund as a typical market cycle, emphasising a disciplined, valuation-led investment approach amid sustained optimism from industry analysts. Rajeev Thakkar, chief investment officer and director…

  • apxadmin
  • August 8, 2026
  • Markets & Investing

India’s forex reserves rebound near recent highs amid inflow surge

India’s foreign exchange reserves experienced a significant rise of over $10.5 billion in the week ending July 31, driven by increased foreign currency assets and gold holdings, signalling a stabilising external buffer amid global volatility. India’s foreign exchange reserves rose…

  • apxadmin
  • August 8, 2026
  • Markets & Investing

G G Automotive Gears faces profit plunge amid revenue slump and rising finance costs in Q1 FY27

G G Automotive Gears reports a significant decline in net profit and revenue for the first quarter of FY27, driven by weaker operating income and increased finance expenses, despite some support from other income. G G Automotive Gears has reported…

  • apxadmin
  • August 8, 2026
  • Markets & Investing

Eternal Ltd’s rapid growth driven by quick commerce expansion and scale shifts in Q1 FY2027

Eternal Ltd, formerly Zomato, reported a dramatic surge in revenue and profit in the first quarter of fiscal 2027, as its move into quick commerce and broader business lines fueled robust growth amid evolving market dynamics. Eternal Ltd emerged as…

  • apxadmin
  • August 8, 2026
  • Markets & Investing

Indian small-cap stocks with low PEG and high operating margins offer promising growth potential

A recent analysis highlights five Indian small-cap stocks that combine low PEG ratios with strong operating margins, signalling opportunities for investors seeking value and efficiency amid evolving sectors like solar and energy services. Indian small-cap shares can look cheap on…

  • apxadmin
  • August 8, 2026
  • Tax, Laws & Money Explained

India Overhauls Employees’ Provident Fund Rules to Simplify Withdrawals and Strengthen Retirement Savings

India’s retirement fund regulator has introduced a new scheme replacing the 1952 framework, consolidating withdrawal provisions and enforcing safeguards to promote longer-term savings, effective from 29 June 2026. India’s retirement fund regulator has overhauled the rules governing the Employees’ Provident…

  • apxadmin
  • August 8, 2026
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