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Hindalco's quarterly profits surge on strong aluminium and copper demand amid capital expenditure plans

Hindalco Industries reports a 30% profit rise in Q1, highlighting robust aluminium and copper performance, while investors scrutinise its expansion plans and demand outlook amid volatile markets. Hindalco Industries is among the key stocks in focus on Friday as the…

  • apxadmin
  • August 7, 2026
  • Markets & Investing

Wheels India’s strategic diversification boosts profit growth despite lower margins

While Steel Strips Wheels outperforms Wheels India in net profit, the latter’s faster profit growth reflects strategic shifts and incremental returns, underscoring the importance of capital efficiency. At first glance, Wheels India and Steel Strips Wheels look like close rivals.…

  • apxadmin
  • August 7, 2026
  • Markets & Investing

Indian stocks poised for cautious start as traders watch key support and resistance levels

Indian equities are expected to open cautiously on August 7, with traders monitoring critical support and resistance levels to gauge market direction amid a choppy trading environment and options-based influences. Indian markets are set for a cautious start on August…

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

Tata Sons remains in RBI's upper-layer NBFC list amid increased regulatory scrutiny

The Reserve Bank of India has retained Tata Sons in its list of systemically important upper-layer non-banking financial companies, highlighting evolving regulatory oversight of major shadow lenders amidst ongoing restructuring and proposed surrender of NBFC registration. Tata Sons’ retention in…

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

India leads BRICS to commit to tangible industrial cooperation and innovation initiatives in Jaipur

BRICS nations have adopted a joint declaration focused on advancing practical industrial collaboration, innovation, and resilience, marking a shift from broad promises to actionable plans under India’s chairship at the 10th Industry Ministers’ Meeting in Jaipur. India’s chairship of BRICS…

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

Indian stocks edge lower as crude oil surges and Middle East tensions loom

Indian markets are likely to open cautiously on Friday amid rising crude oil prices and geopolitical concerns over the Middle East, with traders wary of weekend developments affecting market stability. Indian shares are set for a weaker opening on Friday…

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

RBI signals prolonged pause as external risks influence India’s monetary policy outlook

The Reserve Bank of India is expected to maintain a wait-and-see approach into 2026, prioritising liquidity management amid external uncertainties and moderate inflation trends, according to JM Financial analysis. The Reserve Bank of India is expected to stay in wait-and-see…

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

LIC reports strongest quarterly growth driven by higher-margin new business amid geopolitical uncertainties

Life Insurance Corporation of India has announced a 22.81% rise in standalone net profit for the June quarter, bolstered by increased premium income and a significant boost in the value of new business, ensuring its continued dominance in India’s competitive…

  • apxadmin
  • August 7, 2026
  • Personal Finance & Wealth

Enhanced electric vehicle insurance options emerge as flood risks rise

As monsoon rains intensify, insurers introduce specialised add-ons for EV owners to cover costly battery and electrical components, highlighting a shift towards tailored flood protection amid rising water-related risks. For buyers weighing an electric car, the key insurance question is…

  • apxadmin
  • August 7, 2026
  • Personal Finance & Wealth

Kerala consumer commission orders bank to refund ₹10,000 after failed ATM withdrawal

A Kerala consumer commission has mandated Union Bank of India to refund a customer ₹10,000 after a failed ATM transaction, highlighting the importance of transaction records and the rising scrutiny of bank accountability in failed cash withdrawals. A consumer commission…

  • apxadmin
  • August 7, 2026
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