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Indian taxpayers face growing delays in income tax refunds due to verification issues and backlog

Despite swift processing of returns, many Indian taxpayers are experiencing delays in income tax refunds for AY 2026-27, primarily due to verification failures, data mismatches, and processing backlog, experts reveal. Many Indian taxpayers are still waiting for their income tax…

  • apxadmin
  • August 13, 2026
  • Economy, Policy and Business

Tamil Nadu secures over ₹15,000 crore in overseas investments amid manufacturing push

Tamil Nadu is poised to announce a new wave of investment commitments worth approximately ₹15,050 crore from overseas companies, as part of a broader package of 97 pacts totalling ₹67,452 crore, aiming to create over 100,000 jobs and bolster its…

  • apxadmin
  • August 13, 2026
  • Fintech & Digital Money

Enhanced abandoned cart recovery shifts focus from discounts to understanding shopper intent

Merchants are evolving their abandoned cart recovery strategies by prioritising understanding why customers left and adjusting messaging accordingly, moving beyond blanket discounts to more targeted, multi-channel approaches that tackle checkout friction and payment issues. Abandoned cart recovery is no longer…

  • apxadmin
  • August 13, 2026
  • Fintech & Digital Money

Centricity raises INR 280 crore to disrupt India’s wealth management scene with technological push

Centricity, the Gurugram-based wealth management firm, secures INR 280 crore in a Series A funding round led by SMBC Asia Rising Fund. The investment aims to accelerate technological innovation, expand distribution channels, and cater to India’s shifting savings habits amidst…

  • apxadmin
  • August 13, 2026
  • Markets & Investing

Indian shares stumble as US inflation data looms and MSCI Index review boosts inflows

Indian equity markets opened cautiously ahead of key US inflation figures, with a notable MSCI rebalancing expected to inject substantial passive flows despite early declines in benchmark indices. Indian shares opened cautiously on Thursday as investors kept one eye on…

  • apxadmin
  • August 13, 2026
  • Markets & Investing

Mafatlal Industries signals resilience with gradual shift towards higher-margin businesses amid Q1 FY27 dip

Mafatlal Industries reports a softer yet profitable first quarter for FY27, driven by growth in textiles and digital infrastructure, while shifting focus to higher-margin streams amid a subdued order pipeline. Mafatlal Industries has reported a softer but still positive first…

  • apxadmin
  • August 13, 2026
  • Markets & Investing

Buying gold: how market conditions and timing influence investment decisions

Investors looking to buy physical gold should focus on market calm, real interest rates, and seasonal patterns while avoiding common pitfalls such as panic buying and neglecting storage arrangements, to optimise long-term value. Buying physical gold is less about chasing…

  • apxadmin
  • August 13, 2026
  • Markets & Investing

Hindalco's strong Q1 FY27 earnings reflect robust growth and green transition plans

Hindalco Industries reports a 75% increase in profit and a 58% rise in EBITDA in Q1 FY27, driven by domestic growth and strategic sustainability initiatives, including a significant shift towards renewable energy and increased recycling efforts. Hindalco Industries said its…

  • apxadmin
  • August 13, 2026
  • Personal Finance & Wealth

Senior citizens can optimise fixed deposit returns with strategic interest rate choices

Retirees seeking regular income can now choose non-cumulative FDs with higher interest rates and flexible payouts, though they must carefully consider tax implications and rate fluctuations to meet monthly income goals of ₹10,000. A fixed deposit can still appeal to…

  • apxadmin
  • August 13, 2026
  • Tax, Laws & Money Explained

Dispelling mutual fund myths that can lead to costly investment mistakes

Investors often fall prey to misconceptions about mutual funds, from confusing NAV with share price to overestimating recent performance. Experts warn such myths can lead to poor long-term decisions, emphasising the importance of understanding risks, costs, and investment strategies. Mutual…

  • apxadmin
  • August 13, 2026
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