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Phone software update causes Rs 99,018 theft from Hyderabad man's bank account

A Hyderabad man lost Rs 99,018 from his bank account after a fraudulent phone software update, highlighting the growing prevalence of cyber scams exploiting routine device updates. A 27-year-old man from Banjara Hills in Hyderabad has alleged that Rs 99,018…

  • apxadmin
  • August 7, 2026
  • Markets & Investing

RBI proposes tighter restrictions on non-banking finance companies to limit lending to term loans

India’s central bank advances new measures to streamline NBFC lending practices, banning revolving credit except with specific authorisation, as part of broader reforms to enhance sector oversight and borrower protections. India’s central bank has moved to tighten the rules for…

  • apxadmin
  • August 7, 2026
  • Markets & Investing

BEML's first-quarter results: focus on margin recovery and order pipeline amidst segment shifts

As BEML prepares to announce its first-quarter earnings, investors are eyeing signs of margin recovery and a robust order pipeline, amid strategic shifts towards defence and rail segments to boost profitability. BEML is set to report first-quarter results on Thursday,…

  • apxadmin
  • August 7, 2026
  • Markets & Investing

Swiggy's ambitious FY31 targets face analyst scepticism amid growth and profitability hurdles

Swiggy aims for a gross order value of ₹2.5 lakh crore and ₹10,000 crore EBITDA by FY31, but analysts question the feasibility amid mounting losses in Instamart and competitive pressures, emphasizing execution risks and reliance on AI-driven monetisation strategies. Swiggy…

  • apxadmin
  • August 7, 2026
  • Markets & Investing

Samvardhana Motherson shares see mixed brokerage outlook amid elevating growth prospects

Brokerages remain broadly positive on Samvardhana Motherson despite divided valuation opinions, highlighting growth in new segments, strategic acquisitions, and margin improvements shaping the outlook. Brokerage sentiment around Samvardhana Motherson International Ltd. has remained broadly constructive after the company’s latest quarterly…

  • apxadmin
  • August 7, 2026
  • Fintech & Digital Money

Nandan Nilekani urges India to dominate practical AI applications over model scale

Nandan Nilekani advocates for India to focus on deploying AI in local languages and practical sectors, leveraging its digital infrastructure to become the world’s leading use case for real-world AI applications, generating millions of jobs through startups and innovation. Nandan…

  • apxadmin
  • August 7, 2026
  • Fintech & Digital Money

Indian businesses face rising UPI fraud risks amid rapid transaction growth

As UPI transactions in India surge to over ₹29.52 lakh crore, merchants face increasing scams like QR code tampering and impersonation, prompting calls for stricter verification protocols and layered security measures. As digital payments have become routine for Indian businesses,…

  • apxadmin
  • August 7, 2026
  • Economy, Policy and Business

India faces urgent need to streamline uranium mining approvals to support nuclear expansion

A parliamentary committee urges reforms to accelerate and simplify uranium project approvals in India, highlighting it as crucial for the country’s growing nuclear energy sector and long-term fuel security. A parliamentary committee has called for a faster, more predictable approval…

  • apxadmin
  • August 7, 2026
  • Economy, Policy and Business

India’s deep-tech funding programme faces questions over panel conflicts and governance concerns

An investigation into India’s ₹1 lakh crore deep-tech funding scheme highlights potential conflicts of interest among panel members involved in allocating billions in soft loans, sparking wider debates on governance and meritocracy in government-backed innovation support. India’s flagship deep-tech funding…

  • apxadmin
  • August 7, 2026
  • Economy, Policy and Business

India’s food processing sector poised for $600 billion growth driven by digital and consumer shift

India’s food processing industry is entering a new phase of expansion, fuelled by changing consumer preferences, rapid digitalisation, and a focus on higher-value products, with potential to generate nearly $600 billion by 2030, according to a Deloitte and FICCI report.…

  • apxadmin
  • August 7, 2026
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