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Indian IT industry faces job cuts and shake-up amid AI-driven transformation

India’s vital IT services sector, employing about 6 million and contributing 7% of GDP, is experiencing significant disruption as AI technologies begin replacing traditional roles, raising concerns over employment prospects and economic stability. India’s information technology services industry, long seen…

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

Mutual fund risks are more nuanced than category labels suggest

Investors should look beyond fund categories, as the actual risk depends on asset composition, concentration, and market sensitivity, with the SEBI-mandated Riskometer offering only a partial view. Mutual fund risk is not fixed by category alone. Two schemes with the…

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

Patience and planning emerging as key strategies for Navi Mumbai homebuyers in 2026

As infrastructure projects bolster Navi Mumbai’s appeal, prospective buyers are advised to adopt a disciplined, long-term approach to purchasing property, balancing affordability, location, and financial preparedness over a five-year plan. For young professionals in Navi Mumbai, the question is often…

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

India accelerates LPG Aadhaar e-KYC deadline amid subsidy verification drive

LPG customers across India must complete Aadhaar-based e-KYC by August 15 to avoid disruption, as authorities intensify biometric verification to ensure subsidy integrity and curb misuse. LPG customers across India have been asked to complete Aadhaar-based e-KYC by August 15…

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

Annual savings targets gain favour over monthly budgets for sustainable financial planning

A Japanese personal finance expert recommends setting yearly savings goals instead of strict monthly budgets, offering a more adaptable approach to managing household finances amid unexpected expenses. For people who struggle to stick with a strict monthly budget, a yearly…

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

Chandauli police crack down on cyber fraud network linked to 16 states and ₹29 lakh stolen

Police in Chandauli have arrested two men accused of orchestrating a sprawling cyber fraud network across 16 states, using fake identities and mule bank accounts to siphon off approximately ₹29 lakh from victims involved in loans, scams, and investment schemes.…

  • apxadmin
  • August 12, 2026
  • Fintech & Digital Money

AI-driven security costs force UPI platform providers to reconsider transaction fees in India

Indian companies operating Unified Payments Interface platforms warn that advances in AI cybersecurity threats are accelerating costs, prompting calls for introducing merchant discount rates amid rising transaction volumes and security challenges. Companies running Unified Payments Interface platforms have told government…

  • apxadmin
  • August 12, 2026
  • Fintech & Digital Money

India approves pilot of 1 billion polymer banknotes for ₹10 and ₹20 denominations

The Indian government has sanctioned a nationwide trial for 1 billion polymer banknotes in ₹10 and ₹20 denominations, signalling a potential shift towards more durable currency in its monetary system. India’s government has approved the Reserve Bank of India’s plan…

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

India’s gig economy shifts towards medium-skilled roles as global trends accelerate

India’s gig workforce is expanding rapidly, driven by rising living costs and job insecurity, mirroring but also diverging from the US model with a move towards more medium-skilled roles and ongoing debate on regulation and workers’ rights. India’s growing gig…

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

India’s telecom sector shifts to leaner operations amid global automation trend

India’s telecom industry is embracing a structural shift towards automation and leaner staffing, with Reliance Jio leading a significant workforce reduction as operators adapt to market saturation, debt pressures, and technological advances, reflecting a broader global trend. India’s telecom industry…

  • apxadmin
  • August 12, 2026
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