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Kerala investigates suspected GST evasion linked to Messi and Argentina football team’s aborted visit

Kerala’s Special Investigation Team has escalated its inquiry into suspected GST evasion connected to foreign remittances for a cancelled plan to bring Lionel Messi and the Argentina team to Kochi, prompting a broader probe into the handling of the high-profile…

  • apxadmin
  • August 16, 2026
  • Economy, Policy and Business

India faces ongoing red sea shipping crisis necessitating strategic overhaul

India must reframe the Red Sea disruption as a long-term commercial risk rather than a security issue, warns the Global Trade Research Initiative, as regional tensions reshape global freight routes and heighten costs for exporters. India needs to treat Red…

  • apxadmin
  • August 16, 2026
  • Markets & Investing

Yes Bank forecasts RBI to keep interest rates steady amid supply-driven inflation concerns

Yes Bank expects the Reserve Bank of India to maintain interest rates amid ongoing supply shocks driving inflation, with cautious signals from policymakers due to global uncertainties and recent geopolitical tensions. Yes Bank expects the Reserve Bank of India to…

  • apxadmin
  • August 16, 2026
  • Markets & Investing

Nine penny stocks surge up to 325% in 2026, with three becoming multibaggers

Nine penny stocks have increased between 25% and 325% in 2026, with three hitting multibagger status, highlighting the rapid gains and risks in small-cap, low-priced stocks, according to ACE Equity data. Nine penny stocks have climbed between 25% and 325%…

  • apxadmin
  • August 16, 2026
  • Fintech & Digital Money

Rupyy appoints Manvendra Singh to lead broader lending expansion amidst auto-finance growth

Rupyy has announced the appointment of Manvendra Singh as head of sales to spearhead its expansion into unsecured and broader lending, signalling a strategic shift beyond auto finance under the CarDekho-backed platform. Rupyy has named Manvendra Singh as head of…

  • apxadmin
  • August 16, 2026
  • Personal Finance & Wealth

Private sector workers with long service may see modest pensions despite 20-year rule bonus

Despite decades of contributions, private-sector employees under the Employees’ Pension Scheme often receive modest monthly pensions due to salary caps and pension calculations, even with additional service weightage for long service. For private-sector employees covered by the Employees’ Pension Scheme,…

  • apxadmin
  • August 16, 2026
  • Economy, Policy and Business

Indian Bank aims to mobilise $1 billion through ECBs and deposits as RBI swap window closes

Indian Bank plans to raise up to $1 billion through external commercial borrowings and foreign-currency non-resident deposits, leveraging RBI’s concessional swap window amid digital initiatives and expansion. Indian Bank plans to raise $400 million through external commercial borrowings this week,…

  • apxadmin
  • August 16, 2026
  • Economy, Policy and Business

India aims for $20 trillion economy by 2036 through accelerated rupee growth and reforms

A new report by Equirus suggests India could reach a $20 trillion economy by 2036 if it maintains rapid rupee appreciation and implements a comprehensive reform agenda spanning sectors from services to urban governance. India could reach a $20 trillion…

  • apxadmin
  • August 16, 2026
  • Economy, Policy and Business

India’s cement sector balances volume growth with margin pressures amid geopolitical and cost challenges

India’s largest cement producers report mixed June-quarter results as strong shipment growth clashes with rising fuel, freight, and raw material costs amid geopolitical tensions, prompting varied strategic responses across the sector. India’s largest cement makers delivered a mixed set of…

  • apxadmin
  • August 16, 2026
  • Markets & Investing

India’s top companies see ₹1 trillion wipeout amid market jitters and global concerns

Five of India’s most valuable listed firms collectively lost ₹1 trillion in market capitalisation last week as domestic and global risks hit investor sentiment, led by Tata Consultancy Services’ steepest decline. Five of India’s 10 most valuable listed companies lost…

  • apxadmin
  • August 16, 2026
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