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India’s RBI keeps rates steady as inflation spike prompts cautious stance amid oil price surge

The Reserve Bank of India maintained its benchmark rate at 5.25% despite rising inflation and global oil price pressures, signalling a cautious approach as domestic demand remains resilient amid ongoing geopolitical tensions. India’s central bank left interest rates unchanged on…

  • apxadmin
  • August 7, 2026
  • Markets & Investing

Sundrop Brands accelerates margin expansion plans with 15% revenue growth and strategic integration

Sundrop Brands reports a 15% year-on-year revenue increase in Q1 FY27, driven by strong growth across core and e-commerce segments, as the company aims to double EBITDA margins within three years through operational synergies and strategic integration. Sundrop Brands said…

  • apxadmin
  • August 7, 2026
  • Markets & Investing

Samvardhana Motherson's record order book and diversified growth inspire market optimism

Samvardhana Motherson International continues its rally amid robust earnings, a record-breaking order book, and expanding non-auto businesses, boosting investor confidence and broker forecasts for sustained growth. Samvardhana Motherson International extended its recent rally on Friday, rising more than 9% to…

  • apxadmin
  • August 7, 2026
  • Markets & Investing

Kewal Kiran diversifies brand portfolio amid resilient growth and strategic expansion

Kewal Kiran Clothing Ltd reports steady first quarter growth with a 19% revenue increase, strong margins, and ongoing brand diversification amidst market challenges and strategic retail expansion. Kewal Kiran Clothing Ltd said its first quarter of FY27 was marked by…

  • apxadmin
  • August 7, 2026
  • Markets & Investing

Vikram Solar’s revenue soars, but profit plunges amid rising costs in Q1 FY2027

Vikram Solar reports a 38% jump in revenue for the June quarter, but a sharp decline in margins and profits due to rising production costs highlights the volatility in solar manufacturing economics. Vikram Solar said its consolidated revenue rose sharply…

  • apxadmin
  • August 7, 2026
  • Economy, Policy and Business

India’s rising imported urea subsidy signals escalating fertiliser costs amid global volatility

India’s subsidy bill for imported urea has surged by 128.4% in 2025-26, reflecting the impact of global market disruptions, currency pressures, and supply chain challenges on farm input costs. India’s subsidy bill for imported urea has jumped sharply, highlighting how…

  • apxadmin
  • August 7, 2026
  • Economy, Policy and Business

India’s summer heat pushes power demand while coal reliance persists amid solar growth challenges

India experiences record-breaking heatwaves and surging electricity consumption as it relies heavily on coal, despite rapid solar expansion hampered by transmission and pollution issues, raising questions about its climate commitments and energy resilience. India’s summer of 2026 has underlined a…

  • apxadmin
  • August 7, 2026
  • Economy, Policy and Business

RBI's new derivative capital rules set to align Indian banks with Basel III standards by 2027

The Reserve Bank of India has announced a comprehensive overhaul of its capital framework for commercial banks’ derivative trading, incorporating Basel III standards with phased implementation from April 2027. The Reserve Bank of India has moved to overhaul how commercial…

  • apxadmin
  • August 7, 2026
  • Economy, Policy and Business

RBI offers temporary relief to banks on priority sector lending targets for non-resident deposits

The Reserve Bank of India has introduced a short-term measure allowing commercial banks to exclude certain foreign currency-backed advances from their credit calculations, easing compliance amid rising overseas fund mobilisation efforts. The Reserve Bank of India has given commercial banks…

  • apxadmin
  • August 7, 2026
  • Economy, Policy and Business

India’s medical device sector aims for $250 billion by 2047 but warns that quality maintenance needs to match growth

A new white paper by FICCI and DUA Consulting highlights that India’s medical device industry could reach $250 billion by 2047, emphasising the importance of robust servicing, maintenance, and lifecycle management to sustain the growth and ensure equipment reliability. India’s…

  • apxadmin
  • August 7, 2026
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