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Central banks' shift to gold signals a new era of reserve asset preferences

Central banks are increasingly favouring gold over US Treasuries as their primary reserve asset, highlighting a strategic shift driven by geopolitical tensions and risk reassessment in volatile global markets. Central banks have made a striking turn towards gold, with the…

  • apxadmin
  • August 17, 2026
  • Markets & Investing

Indian shares fall amid rising crude prices and currency weakness

Indian shares declined on Monday as rising crude oil prices, a weakening rupee, and broad sector sell-offs prompted cautious trading after a two-week rally, with technology, PSU banks, and financials leading declines. Indian shares slipped on Monday as traders weighed…

  • apxadmin
  • August 17, 2026
  • Markets & Investing

Solex Energy’s quarterly revenue edges up despite profit slump amid expansion plans

Gujarat-based Solar module maker Solex Energy reports a modest rise in first-quarter revenue amid declining profits, citing seasonal softness and regulatory delays, while pushing ahead with a major expansion to increase capacity to 10 GW by FY2030. Solex Energy said…

  • apxadmin
  • August 17, 2026
  • Markets & Investing

Indian gold prices surge ahead of festive season amid global gains

Gold prices across key Indian markets soared to new heights on Monday, driven by increased retail demand and global bullion gains, as the country anticipates a busy festive and wedding season. Gold prices in India climbed sharply on Monday, extending…

  • apxadmin
  • August 17, 2026
  • Markets & Investing

Puravankara's first quarter turnaround driven by record pre-sales and strategic expansion

Puravankara reports a significant profit turnaround in Q1 FY27, bolstered by a 28% rise in pre-sales, expanded land holdings, and improved operational margins, signalling a robust recovery and growth trajectory. Puravankara Limited has reported a sharp turnaround in the first…

  • apxadmin
  • August 17, 2026
  • Markets & Investing

Indian gold prices rise amid global volatility and summer swings

Gold rates across major Indian cities increased on August 17, reflecting ongoing volatility driven by global economic factors, local demand, and geopolitical tensions, with prices fluctuating sharply through the summer. Gold prices in India edged higher on August 17, with…

  • apxadmin
  • August 17, 2026
  • Tax, Laws & Money Explained

India to establish high-level banking panel to accelerate financial reforms for Viksit Bharat

Finance Minister Nirmala Sitharaman announces plans to set up a high-level committee to overhaul India’s banking system, aiming to support the country’s growth ambitions and enhance financial efficiency. Finance Minister Nirmala Sitharaman said on Monday that the government will soon…

  • apxadmin
  • August 17, 2026
  • Personal Finance & Wealth

Pakistan warns of rising Independence Day cash scam via fake messages

Pakistan’s National Cyber Emergency Response Team has issued a warning over a spike in scam messages promising cash prizes, urging citizens to stay vigilant against phishing attempts using fake SMS and WhatsApp links during Independence Day celebrations. Pakistan’s National Cyber…

  • apxadmin
  • August 17, 2026
  • Personal Finance & Wealth

LPG consumers face ongoing e-KYC glitches despite deadline pass, prompting offline alternatives

Despite the e-KYC deadline for LPG consumers having passed, users continue to encounter technical issues with app crashes, failed face scans, and server errors. The Oil Ministry reassures that offline verification remains available, highlighting continued reliance on traditional methods amid…

  • apxadmin
  • August 17, 2026
  • Markets & Investing

Horizon Industrial Parks aims to raise Rs2,600 crore in cautious IPO debut with modest first-day gains

Horizon Industrial Parks opens its Rs2,600 crore IPO with limited early demand, aiming to boost its infrastructure portfolio and repay debts despite a modest first-day market premium and cautious investor interest. Horizon Industrial Parks’ initial public offering opened for subscription…

  • apxadmin
  • August 17, 2026
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