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RBI maintains Tata Sons on upper-layer NBFC list amid ongoing de-registration review

The Reserve Bank of India has retained Tata Sons on its upper-layer non-banking finance company list for 2026-27, while clarifying that its de-registration application remains under review, as the central bank shifts to an asset size threshold for classification. The…

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

Mumbai edges closer to top 10 global data centre markets as India’s digital infrastructure accelerates

Mumbai ranks 15th globally for operational capacity and 11th for development pipeline, highlighting India’s rapid expansion into major Asia-Pacific data centre hubs amid increasing AI-driven demand and infrastructure needs. Mumbai has emerged as one of the world’s most active data…

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

Uttar Pradesh amplifies 2026-27 budget with ₹59,000 crore supplementary to boost industrial and digital growth

Uttar Pradesh has announced a significant supplementary budget of ₹59,019.54 crore, marking a strategic move to accelerate infrastructure, industry, and digital initiatives aligned with its growth ambitions for 2026-27. Uttar Pradesh has widened its 2026-27 spending plan with a first…

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

India leads the way in AI adoption among top economies as consumer and business integration accelerates

A Deloitte study reveals India is rapidly advancing in AI adoption across consumer-facing industries and business operations, positioning itself as a global leader in the AI revolution with potential to reach a $1.9 trillion consumer economy by 2030. India has…

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

India opens export-only inventory model for foreign e-commerce giants amid industry optimism

India has introduced a new export-focused inventory-based framework for foreign-owned e-commerce companies, aiming to broaden its export base while keeping domestic sales restrictions intact. The move is seen as a step to support smaller manufacturers and MSMEs in accessing global…

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

Tamil Nadu’s 2026-27 budget signals cautious expansion amid fiscal pressures

Tamil Nadu unveils a ₹4.72 lakh crore budget, balancing new spending with ongoing fiscal constraints as the state’s new government takes charge under Chief Minister C. Joseph Vijay’s leadership. Tamil Nadu’s revised 2026-27 budget presents a government trying to balance…

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

Piper Serica attracts significant investor backing for its ambitious Rs 800 crore Bharat Tech Fund amid rising confidence in Indian deeptech

Piper Serica’s first close of Rs 300 crore for its Bharat Tech Fund signals strong investor interest in India’s deeptech sector, with a focus on high-capital industries and global competition. Piper Serica has raised Rs 300 crore in the first…

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

India’s electric vehicle industry set to create up to 50 million jobs by 2030

India’s burgeoning electric vehicle sector is projected to generate up to 50 million jobs by 2030, signalling a major industrial transformation driven by government policies, increased investment, and a widening skills gap in the country’s green mobility revolution. India’s electric…

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

RBI places Tata Sons in upper layer category, hinting at potential stock market listing requirement

India’s central bank has classified Tata Sons under the Reserve Bank of India’s Upper Layer category for large non-bank lenders, signalling increased oversight and possible mandatory listing within three years, as part of RBI’s new supervisory framework. India’s central bank…

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

Global market supply resilience reshapes India’s oil strategy after recent shocks

Despite recent geopolitical shocks, abundant global supply and US shale expansion are diminishing OPEC’s influence, prompting India to focus on securing supply rather than demand growth amid fluctuating prices and sanctions risks. India’s oil outlook is being shaped by a…

  • apxadmin
  • August 6, 2026
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