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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
  • Markets & Investing

Indian small- and mid-cap stocks set for strategic boost with bonus issues and stock split

Bizotic Commercial, Organic Recycling Systems and Kirloskar Pneumatic prepare for significant corporate actions next week, signalling potential shifts in investor confidence and valuation strategies in the Indian small- and mid-cap sectors. Three small- and mid-cap Indian companies are set to…

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

Why confidence in AI matters more than accuracy in high-stakes domains

Experts warn that AI systems with high accuracy can still pose risks if they fail to recognise their own uncertainty, emphasising the importance of trustworthiness and transparency in critical sectors like finance and healthcare. A model that gets 95% of…

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

SBI’s new 444-day fixed deposit offers higher rates for senior citizens amid early withdrawal penalties

State Bank of India launches a 444-day fixed deposit scheme, Amrit Vrishti, offering attractive rates for senior citizens with flexible payout options, but investors should consider early withdrawal penalties and tax implications. State Bank of India’s 444-day fixed deposit, marketed…

  • apxadmin
  • August 16, 2026
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