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Bank of Maharashtra moves to initiate insolvency proceedings against Tirumalla India Storehouse over Rs 17.98 crore default

The Mumbai NCLT has admitted Bank of Maharashtra’s insolvency plea against Tirumalla India Storehouse for defaulting on Rs 17.98 crore debt, highlighting the bank’s efforts to recover dues through insolvency proceedings. The Mumbai bench of the National Company Law Tribunal…

  • apxadmin
  • August 15, 2026
  • Economy, Policy and Business

India’s defence exports surge to historic high amid shift towards sovereign manufacturing

India has recorded a defence export value of ₹38,424 crore in 2025-26, marking a 62.66% increase and signalling a strategic pivot from being a major arms importer to a burgeoning defence exporter, supported by domestic production reforms and technological ambitions.…

  • apxadmin
  • August 15, 2026
  • Economy, Policy and Business

India ramps up semiconductor manufacturing with plans for up to eight new plants by 2031

Prime Minister Narendra Modi announces ambitious plans to establish five to eight semiconductor plants in India over the next seven to eight years, aiming to bolster self-reliance and integrate advanced chipmaking into the nation’s industrial growth. Prime Minister Narendra Modi…

  • apxadmin
  • August 15, 2026
  • Economy, Policy and Business

Modi unveils new initiatives to harness India’s youth potential and sporting dreams

Prime Minister Narendra Modi’s Independence Day address highlights a fresh focus on youth, sports, and employment schemes aimed at realising India’s vision of becoming a Viksit Bharat by 2047, including plans to host the 2036 Olympics and create millions of…

  • apxadmin
  • August 15, 2026
  • Economy, Policy and Business

India relaxes procurement rules to boost Indian consultancy firms and challenge Big Four dominance

India’s Finance Ministry has introduced new guidelines aimed at increasing competition in consultancy procurement, giving emerging Indian firms a fighting chance against dominant multinational giants like Ernst & Young, PwC, Deloitte and KPMG. India’s Finance Ministry has moved to loosen…

  • apxadmin
  • August 15, 2026
  • Markets & Investing

Oil prices face technical resistance amid conflicting outlooks for 2025 and 2026

Despite recent gains, oil markets are caught between technical resistance levels and divergent forecasts, with potential for significant moves depending on geopolitical and supply developments. Oil extended its recent climb last week, with Brent crude on the ICE finishing at…

  • apxadmin
  • August 15, 2026
  • Tax, Laws & Money Explained

Central Bank of India offers competitive fixed deposit rates amid stable monetary policy outlook

The Central Bank of India remains competitive in its fixed deposit offerings, with attractive rates for short-term and medium-term investors, amid a stable monetary policy environment and cautious rate outlook for savers. Central Bank of India is offering fixed deposit…

  • apxadmin
  • August 15, 2026
  • Fintech & Digital Money

Nithin Kamath critiques the overuse of AI in startup pitches amid investor fatigue

Zerodha co-founder Nithin Kamath has criticised startups for overhyping AI in pitch decks, suggesting the phrase has become a tired cliché that no longer impresses investors, sparking debate on market enthusiasm for the technology. Nithin Kamath has again pushed back…

  • apxadmin
  • August 15, 2026
  • Economy, Policy and Business

India’s new Rs. 1 lakh crore fund shifts deep-tech startup funding into strategic horizons

Prime Minister Narendra Modi’s announcement of a Rs. 1 lakh crore innovation fund marks a strategic shift in India’s startup ecosystem, prioritising long-term research and high-risk technologies like space, biotech, and AI, aiming to build India’s industrial future. Prime Minister…

  • apxadmin
  • August 15, 2026
  • Economy, Policy and Business

Modi’s ambitious blueprint for India’s 2047 growth, AI, and energy self-reliance

Prime Minister Narendra Modi unveils a comprehensive plan targeting manufacturing, AI, and energy independence by 2047, aiming to elevate India to a top global power amid challenges and rapid reforms. On 15 August, from the Red Fort, Narendra Modi set…

  • apxadmin
  • August 15, 2026
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