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India considers reintroducing merchant discount rate charges on UPI, signalling a shift in digital payment policy

The Indian government’s move to potentially reintroduce merchant discount rate charges on UPI could reshape the country’s digital payments landscape, sparking a pivotal policy debate after recent legislative approval. India’s debate over whether to bring back merchant discount rate charges…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

EKA Mobility appoints veteran industry expert to boost electric commercial vehicle push in India

EKA Mobility has appointed Prashant Kumar Banerjee as group head of government and corporate affairs, signalling a strategic move to strengthen its influence and expand its electric commercial vehicle footprint amid rapid growth and ambitious capacity plans in India. EKA…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

India’s startup ecosystem accelerates with largest pre-IPO funding and multimillion-dollar IPO filings on August 6, 2026

On 6 August 2026, India saw a surge in startup funding and IPO activities, led by Leap India’s ₹371.3 crore pre-IPO placement, signalling robust growth in private equity, deeptech, and AI sectors amidst a strong capital markets pipeline. Nine funding…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

Indian rupee’s recent resilience relies on delicate global factors and risks

Analysts highlight the rupee’s support from falling crude oil prices and foreign investment flows, but caution that external shocks and oil rally risks threaten its recent gains amidst a fragile balance of global economic forces. OCBC Bank analysts say the…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

Pinegap secures $8 million to expand AI-driven equity research platform beyond US institutions

AI-powered equity research platform Pinegap has raised $8 million in Series A funding to scale its operations, expand its client base internationally, and enhance its automated research tools for hedge funds and asset managers. Pinegap, an artificial intelligence-powered equity research…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

RBI’s hold steady prompts cautious shift towards fixed deposit stability in India

With the RBI maintaining interest rates, Indian fixed deposit investors are turning to safer, stable options amidst global uncertainty and market volatility, highlighting a shift towards cautious saving strategies. India’s fixed deposit investors are once again being nudged towards caution…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

WeRize appoints Harsh Mittal to bolster AI-driven platform ahead of potential IPO

Indian fintech firm WeRize has named Harsh Mittal as chief product and technology officer, aiming to accelerate its AI-powered financial services and prepare for a possible public listing within the next few years. WeRize has named Harsh Mittal as its…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

China's industrial expansion triggers strategic reconsideration in Europe and Asia

China’s shift into advanced industries is reshaping global trade dynamics, prompting European and Asian policymakers to reconsider strategies amid growing economic and security concerns. China’s latest export surge is being treated in European capitals as more than a trade irritant.…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

Credai Tamil Nadu praises budget's growth-focused reforms and infrastructure investments

Credai Tamil Nadu welcomes the state’s 2026-27 Budget, highlighting its potential to accelerate economic growth through streamlined project approvals, increased public spending on social infrastructure, and support for housing demand, while calling for further incentives to bolster affordable housing. CREDAI…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

India’s evolving gifting market pivots towards personalisation and luxury amid steady growth

India’s gifting industry is shifting from seasonal celebrations to personalised, year-round expressions of sentiment, with emerging trends in premium products, corporate gifting, and rising demand in tier II and III cities shaping a more sophisticated market landscape. India’s gifting market…

  • apxadmin
  • August 6, 2026
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