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AstroTalk joins India’s unicorn club with $1 billion valuation after employee buyback and rapid growth

AstroTalk, a Noida-based astrology platform, secures its place among India’s elite startups with a $1 billion valuation following a significant employee stock option buyback. The company’s revenue skyrocketz, driven by astrology consultations and a burgeoning spiritual ecommerce arm, with plans…

  • apxadmin
  • August 12, 2026
  • Economy, Policy and Business

Indian banks leverage agentic AI to transform back-office operations and accelerate decision-making

Indian lenders such as HDFC Bank and Kotak Mahindra Bank are moving beyond customer-facing AI, deploying agentic AI to overhaul back-office processes, streamline credit assessments, and boost operational efficiency while maintaining human oversight. Indian banks are moving beyond chatbots and…

  • apxadmin
  • August 12, 2026
  • Economy, Policy and Business

India shifts tax burden from corporate profits to personal income amid broader reforms

India is experiencing a significant shift in its tax policy, moving the burden from corporate profits towards personal income, as part of larger reforms aimed at economic realignment and inclusive growth. Taxes are compulsory payments to government, and the reason…

  • apxadmin
  • August 12, 2026
  • Economy, Policy and Business

India ramps up auto PLI spending to accelerate electric vehicle localisation and combat market bottlenecks

India’s Ministry of Heavy Industries is set to double incentives under the automotive production-linked scheme in FY27, aiming to boost local manufacturing, address charging infrastructure gaps, and improve EV financing amidst ongoing sector challenges. India’s Ministry of Heavy Industries is…

  • apxadmin
  • August 12, 2026
  • Economy, Policy and Business

Sify Infinit Spaces plans $4 billion expansion amid IPO delay and rising geopolitical risks

Sify Infinit Spaces, the data centre arm of Sify Technologies, aims to raise up to $4 billion over four years through private placements and share sales, stepping up expansion plans despite a stalled IPO and intensified industry competition. Sify Infinit…

  • apxadmin
  • August 12, 2026
  • Tax, Laws & Money Explained

India’s securities regulator finds no manipulation in new closing auction system

India’s markets watchdog, SEBI, reports no evidence of manipulation in the phased rollout of the new closing auction mechanism designed to improve price discovery and market stability, as market participants continue to adapt to the changes. India’s markets watchdog has…

  • apxadmin
  • August 12, 2026
  • Personal Finance & Wealth

Parents advised to treat texted codes and urgent messages as red flags amid rising online scams targeting children

Experts warn that scammers exploit panic and trust, urging parents to educate children about recognising fake messages, safeguarding personal data, and following a ‘three-minute rule’ before acting on suspicious communication. Parents should treat any message asking for a texted code,…

  • apxadmin
  • August 12, 2026
  • Personal Finance & Wealth

Unclaimed bank deposits in India rise to nearly Rs 87,000 crore, signalling dormant money backlog

Unclaimed bank deposits transferred to the Reserve Bank of India’s Depositor Education and Awareness Fund have reached nearly Rs 87,000 crore, highlighting the persistent challenge of dormant accounts in India’s banking system and efforts to recover these funds. Unclaimed bank…

  • apxadmin
  • August 12, 2026
  • Markets & Investing

Skipper Ltd reports record revenue and order book amid strong first-quarter performance

Skipper Ltd demonstrates robust growth in Q1 with record revenue, expanding order pipeline, and strategic capacity upgrades, signalling positive outlook despite near-term challenges. Skipper Ltd reported a sharp rise in first-quarter profit as stronger margins, record revenue and a swelling…

  • apxadmin
  • August 12, 2026
  • Markets & Investing

RHI Magnesita India shows sharp profit rise amid cautious outlook and market pressure

RHI Magnesita India reports a significant 83% jump in net profit in Q1 FY27 driven by strategic shift to solution-led engagement, despite facing ongoing pricing pressures and competitive challenges in the refractory market. RHI Magnesita India began FY27 with a…

  • apxadmin
  • August 12, 2026
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