Fintech
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August IPO Boom: 2 Dozen Firms Eye ₹35,000 Cr
India’s primary market gears up for an August IPO surge with over 24 companies aiming to raise ₹35,000 crore, led by fintech giants.

Protium Finance Eyes ₹2,200 Cr Clix Capital Acquisition
Protium Finance is reportedly close to acquiring Clix Capital for up to ₹2,200 crore, aiming to significantly expand its NBFC operations and lending segments.

India Cyber Fraud: Live Calls Cause ₹22,496 Cr Loss
Cyber fraudsters in India are now using live calls, causing a 35% rise in financial loss per incident. Total reported losses reach ₹22,496 crore.

SEBI Delays T+0 Settlement: Broker Issues Halt Same-Day Trades
SEBI indefinitely postpones T+0 settlement cycle due to broker readiness issues and limited market participation, impacting same-day fund and share credit for investors.

Modi Taps Nandan Nilekani to Reform India’s Exam System
PM Modi forms a task force led by Nandan Nilekani to overhaul India’s examination system, prioritizing technology, transparency, and integrity in NTA exams.

SEBI MF-PMS Framework: Lower Investment, Boost RIAs
SEBI proposes a new MF-PMS framework, slashing investment minimums to Rs 25 lakh and easing requirements to empower RIAs and boost investor access.

EPFO Auto-Refunds Dormant PF Accounts Under ₹1,000
EPFO to launch auto-refund for 1.18 lakh dormant PF accounts under ₹1,000 by August 2026. Get your unclaimed savings back easily!

India’s Margin Trading Hits Record ₹1.43 Lakh Crore
India’s margin trading facility (MTF) reached a record ₹1,43,722 crore by July 22, driven by retail investor leverage, despite a slowdown in monthly growth.

Indian Taxpayers: Foreign Asset Disclosure Rules & Relief
Indian residents must declare foreign assets in ITR via Schedule FA. Avoid penalties! Learn about new relief for small taxpayers and disclosure deadlines.

EPFO Delays UPI Claims to 2026 Due to System Glitches
EPFO postpones its UPI-linked claim settlement facility to August 2026 due to significant system glitches and platform migration issues affecting users.

India’s CKYC 2.0: Unified Financial Access Launching August 1
India launches Central KYC 2.0 on August 1 for streamlined financial product access. A unified customer ID system for banks & insurers, enhancing efficiency and fraud prevention.

India’s New Bill: Tax Relief for Category III AIFs, Transparency Concerns
India’s 2026 Corporate Laws Bill proposes tax relief for Category III AIFs via LLP conversion, but raises privacy concerns due to mandatory partner disclosure.

Nirmala Sitharaman Directs IT Dept for Better Taxpayer Service
Finance Minister Nirmala Sitharaman urges the Income Tax department to enhance taxpayer services, reduce bureaucracy, and improve public asset management in India.

IRDAI’s Public Insurance Registry to Fight Mis-selling
IRDAI introduces a Public Insurance Registry to link policies to individual agents, enhancing accountability and combating mis-selling in India.

PhonePe’s FY26 Losses Widen Despite Revenue Surge
PhonePe saw revenue climb to ₹7,920 crore in FY26, but net losses ballooned by 62% to ₹2,792 crore due to one-off charges and operational costs.

UPI Now in 9 Countries: Easier Payments for Indian Travelers
India’s UPI is now live in 9 nations, offering Indian travelers reduced costs and seamless cashless payments abroad. Discover the new international reach.

Phineas Fisher: Decade of Cyberattacks on Surveillance & Fintech
Explore Phineas Fisher’s decade-long reign as an uncaught hacktivist, targeting surveillance firms and fintech, including the Hacking Team collapse.

ED Attaches Gameskraft Assets Worth ₹1,906 Cr Over ‘Addictive’ Gaming
Enforcement Directorate attaches ₹1,906 crore of Gameskraft assets under PMLA, citing an ‘addictive’ gaming environment and ‘repeated wagering’, following India’s online gaming ban.

DSP Mutual Fund: Understand Multi-Asset Funds
DSP Mutual Fund launches a digital campaign to demystify Multi-Asset Allocation Funds, helping investors align expectations with portfolio strategy.

Retired Man Loses ₹3.91 Crore in Fake Stock Scam
A 67-year-old retired man in Bhopal was defrauded of ₹3.91 crore by a sophisticated fake stock and IPO investment scam using a fraudulent app and forged documents.

SEBI Overhauls PMS Rules: Broader Investments, Easier Entry
SEBI proposes significant changes to Portfolio Managers Regulations 2020, expanding investment options and easing entry for PMS in India’s evolving capital markets.

SEBI Overhauls PMS Rules: Lower Investment, More Access
SEBI proposes major PMS regulation changes in India, aiming to lower investment minimums and net worth requirements, enhancing accessibility for investors.

Prudent Corporate Advisory Q1 Profit Soars 44% to ₹75 Crore
Prudent Corporate Advisory Services reports a stellar Q1 with net profit jumping 44% to ₹75 crore, fueled by strong financial product distribution and SIP growth.

PhonePe FY26 Revenue Up 11.5%, Net Loss Widens, IPO Delayed
PhonePe’s FY26 revenue grew 11.5% to ₹7,920 crore, but net loss widened to ₹2,792 crore due to one-off charges. IPO plans are deferred.

India’s CKYC 2.0: Common Customer ID Launching August
India launches CKYC 2.0 in August, introducing a common customer ID for banks and insurers to simplify financial product access and enhance fraud prevention.

India’s CKYC 2.0: Unified KYC for Banks & Insurers by Aug 2026
India launches Central KYC 2.0 in August 2026 for banks & insurers, streamlining customer identification and expanding financial product access nationwide.

ED Attaches ₹1,906 Cr in Gameskraft Money Laundering Probe
India’s ED provisionally attaches Rs 1,906 crore in assets from Gameskraft and RummyTime as part of a money laundering investigation linked to online rummy platforms.

Indian Startups Raise $209M in July Week 4 Amid Funding Dip
Indian startups secured $209.1M across 14 deals in July’s fourth week, a 26% decrease. Zetwerk and Veriqus led funding rounds despite the slowdown.

India’s SSE Allows 10% CSR Funds for NPOs
India’s Social Stock Exchange now permits companies to allocate up to 10% of CSR funds via listed instruments, boosting NPO funding and transparency.

SEBI Reforms PMS: Global Investing & Derivatives
SEBI proposes major PMS reforms, allowing global investments in foreign equities, debt, and mutual funds, plus revised derivative rules. Learn more.