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ITAT Special Bench clarifies procedural lapses in Section 143(2) notices are curable

The Bengaluru Income Tax Appellate Tribunal’s Special Bench rules that notices under Section 143(2) lacking specific scrutiny category information are procedural lapses that can be remedied, potentially impacting ongoing assessments challenged on technical grounds. The Income Tax Appellate Tribunal’s Special…

  • apxadmin
  • August 8, 2026
  • Economy, Policy and Business

Nexus Venture Partners backs HomeRun’s rapid construction materials delivery to disrupt India’s booming industry

Nexus Venture Partners has led a $12 million funding round for HomeRun, a Bengaluru startup revolutionising India’s construction materials market with quick-delivery micro-warehouses, aiming to digitise a $29.4 billion industry and potentially double its size by 2035. Nexus Venture Partners…

  • apxadmin
  • August 8, 2026
  • Economy, Policy and Business

Parliamentary committee pushes for increased defence capital spending amid shifting geopolitical threats

A parliamentary committee has called for enhanced capital expenditure on defence, emphasising the need for modernisation and credible military deterrence in response to evolving global threats, following the recent surge in defence allocations for 2026-27. A parliamentary committee has urged…

  • apxadmin
  • August 8, 2026
  • Fintech & Digital Money

Super.money launches SplitStore as India braces for UPI fee reintroductions and Credit-focused fintech shift

Flipkart-backed super.money introduces SplitStore, an in-app marketplace enabling instalment purchases without a credit card, signalling a strategic move towards embedded credit amid recent legislative changes to India’s payment system and the evolving digital finance landscape. Flipkart-backed super.money has launched SplitStore,…

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

U.S. mortgage rates reach their highest in over a year, hampering affordability and dampening housing market momentum

Mortgage costs in the U.S. have climbed to their highest levels since July 2025, pushing more potential buyers out of the market and adding further strain to an already sluggish housing sector amid rising bond yields and inflation worries. U.S.…

  • apxadmin
  • August 8, 2026
  • Markets & Investing

Ola Electric's sales rebound masks fragile financial recovery and regulatory headwinds

Ola Electric reports a sharp quarter-on-quarter sales rise amid a broader stabilisation, but faces profitability challenges and regulatory scrutiny as it shifts towards a dealer-led retail model. Ola Electric said its revenue for the first quarter of fiscal 2027 fell…

  • apxadmin
  • August 8, 2026
  • Economy, Policy and Business

Dhoot Transmission's IPO garners ₹918 crore from anchor investors ahead of listing

Dhoot Transmission Ltd raises ₹918.3 crore from anchor investors including BlackRock and SBI Mutual Fund ahead of its ₹3,067 crore IPO, signalling strong demand as it prepares to list this month. Dhoot Transmission Ltd has drawn strong interest from institutional…

  • apxadmin
  • August 8, 2026
  • Economy, Policy and Business

India’s student protests highlight a widening crisis of graduate underemployment and delayed career pathways

Young Indians’ protests over NEET paper leaks have laid bare their deeper fears: that an overwhelmed education system and stagnant job market threaten to turn education from a gateway into a prolonged wait for stable employment, especially for women. India’s…

  • apxadmin
  • August 8, 2026
  • Economy, Policy and Business

India's GOBARdhan programme aims to accelerate compressed biogas infrastructure at scale

India’s GOBARdhan programme is poised to transform its biogas sector by addressing financing and operational challenges through new policies, aiming to mobilise Rs 50,000 crore by 2030 and expand sustainable energy use across agriculture and industry. India’s GOBARdhan programme is…

  • apxadmin
  • August 8, 2026
  • Economy, Policy and Business

India considers new incentives to bolster domestic polysilicon manufacturing and reduce import dependence

India’s energy ministry is evaluating a new support scheme for polysilicon production to strengthen the country’s solar supply chain, diversify into electronics manufacturing, and cut reliance on imports amid sluggish progress in the sector. India’s energy ministry is weighing a…

  • apxadmin
  • August 8, 2026
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