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Middle East de-escalation fuels record-breaking $2.76 billion inflow into high-yield retail funds

Optimism surrounding Middle East peace talks spurred the largest weekly influx into high-yield retail funds since April, with exchange-traded funds leading the surge amid a broader shift towards ETFs in the US market. Middle East de-escalation talk helped drive a…

  • apxadmin
  • August 8, 2026
  • Markets & Investing

Ask Automotive surpasses brake-making with aluminium lightweighting growth

Indian supplier Ask Automotive reports record quarterly revenues and sees its aluminium lightweighting division overtake braking as its primary business, signalling a strategic shift towards electric vehicle components and higher-value products. ASK Automotive is increasingly looking like more than a…

  • apxadmin
  • August 8, 2026
  • Markets & Investing

Britannia’s quarterly sales rise despite geopolitical cost pressures, driven by strong e-commerce and innovative marketing

Britannia Industries reports a 9.5% increase in consolidated sales and a 14.1% rise in net profit for the June quarter, amid rising fuel and logistics costs, supported by strategic branding and international growth. Britannia Industries said its consolidated sales rose…

  • apxadmin
  • August 8, 2026
  • Markets & Investing

India’s defence industry accelerates towards Rs 3 lakh crore target by FY29 amid export surge and private sector growth

India’s defence sector is set for rapid expansion, with projections reaching Rs 3 lakh crore by FY29, driven by increased government spending, private sector participation, and a focus on indigenous manufacturing and exports. India’s defence industry is set for another…

  • apxadmin
  • August 8, 2026
  • Economy, Policy and Business

Startups increasingly turn to stage-specific outsourced finance models as funding milestones reshape their financial needs

As startups secure funding and scale, their financial management requirements evolve, prompting a move towards tailored outsourced finance solutions that align with each growth stage, from initial compliance to complex operational reporting. Startups rarely need the same finance set-up at…

  • apxadmin
  • August 8, 2026
  • Economy, Policy and Business

India opposes the creation of a BRICS currency amid ongoing trade currency debates

India has reaffirmed its opposition to the idea of a single BRICS currency, emphasising a focus on strengthening trade in local currencies and rejecting de-dollarisation at the bloc’s recent trade and industry meeting. India does not support the idea of…

  • apxadmin
  • August 8, 2026
  • Fintech & Digital Money

India champions BRICS initiative to unlock MSMEs’ international growth through trade receivables discounting

India is advocating for a new BRICS Trade Receivables Discounting System to ease cash flow for micro, small and medium enterprises, fostering their global competitiveness amid a broader push for resilient, sustainable MSMEs within the BRICS framework. India is pushing…

  • apxadmin
  • August 8, 2026
  • Personal Finance & Wealth

India's UPI to remain free for consumers and small merchants despite new Bill proposals

The Payments Council of India reassures that consumers and small merchants will not face charges for using UPI services, even as legislative debates consider fees for certain digital transactions, emphasising long-term funding and infrastructure security. Consumers and small merchants are…

  • apxadmin
  • August 8, 2026
  • Personal Finance & Wealth

Cyber fraud scam dupes Nashik businessman using fake mParivahan APK

A Nashik businessman lost ₹6 lakh after clicking on a malicious link disguised as a traffic challan, spotlighting the rising menace of fake APK scams exploiting traffic fine alerts to compromise mobile devices. A 28-year-old Nashik businessman has filed a…

  • apxadmin
  • August 8, 2026
  • Markets & Investing

BCP Investment faces margin squeeze as NAV declines despite earnings beat

BCP Investment Corporation reports quarterly earnings that surpass expectations amid a 7% drop in net asset value, highlighting ongoing pressure on portfolio valuations despite resilient income and credit quality improvements. BCP Investment Corporation’s latest quarterly presentation pointed to a familiar…

  • apxadmin
  • August 8, 2026
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