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Finance Ministry clarifies no imminent UPI transaction tax amid MDR discussions for large merchants

The Indian government dismisses reports of a new tax on transactions above ₹2,000 and outlines plans to apply merchant discount rates only to large merchants, aiming to boost financial infrastructure without burdening consumers. Finance Minister Nirmala Sitharaman has pushed back…

  • apxadmin
  • August 7, 2026
  • Markets & Investing

Leap India’s ₹2,480 crore IPO faces divided brokerages and modest grey market premium before listing

Leap India’s initial public offering opens for subscription amid cautious analyst opinions and a modest grey market premium, with the company aiming to raise ₹2,480 crore and expand its asset-pooling footprint globally. LEAP India’s ₹2,480 crore initial public offering opened…

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

India’s Supreme Court edges closer to ruling on crackdown against online gaming ban

India’s Supreme Court prepares to deliver a final verdict on the controversial 2025 online gaming ban, after months of legal battles involving gaming companies, government authorities, and public interest groups. India’s Supreme Court has moved the country’s sweeping online gaming…

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

India's new Income Tax Act 2025 redefines compliance infrastructure without altering tax burden

Indian businesses prepare for a major overhaul in tax reporting systems as the Income Tax Act 2025 introduces significant changes to terminology, forms, and digital procedures, while maintaining the core tax structure for the 2025-26 assessment year. Indian businesses are…

  • apxadmin
  • August 7, 2026
  • Personal Finance & Wealth

Life insurance for singles without dependants: is it necessary or just optional protection?

Expert opinions suggest that healthy single individuals with no dependants and solid savings may not need life insurance, but liabilities like debt or business commitments could warrant coverage. As life circumstances evolve, the decision to insure may change. For a…

  • apxadmin
  • August 7, 2026
  • Personal Finance & Wealth

AIB warns of surge in sophisticated payment fraud targeting customers

AIB reports a 59% rise in payment fraud cases in July, highlighting increasingly convincing scams that pressure customers into revealing sensitive information or transferring funds, with criminals employing tactics like fake texts, impersonation, and urgency. AIB has warned customers to…

  • apxadmin
  • August 7, 2026
  • Markets & Investing

Shipping Corporation of India’s Q1 profits surge as tanker markets lead growth

Shipping Corporation of India reports a 74.9% year-on-year rise in net profit for Q1 FY27, driven by strong tanker segment performance and strategic fleet expansion plans, signalling a robust recovery in its core shipping businesses. Shipping Corporation of India reported…

  • apxadmin
  • August 7, 2026
  • Markets & Investing

Indian indices close mixed as Reliance and ICICI Bank lead gains amidst market adjustments and currency pressures

Indian stocks concluded Thursday with mixed results as heavyweight Reliance Industries and ICICI Bank bolstered the gains, while market sentiment navigated new auction mechanisms and currency fluctuations amid global influences. Indian equities ended mixed on Thursday as the BSE Sensex…

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

India’s vehicle retail market hits record July growth driven by rural demand and electric vehicle surge

India’s vehicle retail sales soared by 26% in July, marking the strongest July on record across all segments, buoyed by rural demand, lower prices post-GST overhaul, and a rise in electric vehicle adoption. India’s vehicle retail market accelerated sharply in…

  • apxadmin
  • August 7, 2026
  • Personal Finance & Wealth

Consumers can still claim refunds if subscription charges occur after cancellation, expert advises

Alexander Vurasko highlights how consumers may recover funds for charges made after cancelling subscriptions, emphasising the importance of documentation and quick action in dispute processes. Consumers may be able to recover money taken for a subscription if the charge landed…

  • apxadmin
  • August 7, 2026
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