Commercial banks to be stakeholders in NPCI-like body

ULI likely to move from Mint Road’s hub to new entity

ULI likely to move from Mint Road's hub to new entity

Latest iterations of the iPhone, Watch, and AirPods take a giant bite into innovation

Apple CEO Tim Cook holds the new iPhone 16 during an event at the Steve Jobs Theater on the company’s campus in  California, on Monday. (Photo: Reuters)

Apple CEO Tim Cook holds the new iPhone 16 during an event at the Steve Jobs Theater on the company's campus in  California, on Monday. (Photo: Reuters)

Stock Market Highlights: 34 out of 50 constituent stocks of Nifty50 ended lower, dragged by Tata Motors, ONGC, Wipro, L&T, and Adani Enterprises with losses of up to 5.73 per cent

Market, bear

A leading maritime services company announced on Sunday the launch of a new liner service connecting the Red Sea's Jeddah Islamic Port to India's Mundra and Nhava Sheva, two of the largest commercial ports in the country.
Folk Maritime Services Company, a Public Investment Fund and one of the region's emerging leaders in providing regional liner and feeder services, said the 10-day facility with two vessels will commence in September.
According to a company statement, the services will strengthen trade ties by facilitating the movement of consumer cargo from India and products from Saudi Arabia, including petrochemicals.
In addition to deploying its vessel, Folk Maritime has also signed a Vessel Sharing Agreement (VSA) with Oman's Asayd, which will also deploy a vessel for the new route, the statement revealed.
Announcing the new India Redsea Service (IRS), Poul Hestbaek, Chief Executive Officer of Folk Maritime, said the new route would further "enhance bilateral trade between the

Port, Trade

Pooja Ojha failed to finish inside the top-three to miss the final berth of the women's kayak single 200m KL1 sprint canoeing event, bringing an end to India's record-breaking campaign at the Paralympics here on Sunday.
India thus concluded the Paris Paralympics with a record haul of seven gold, nine silver, and 13 bronze medals, set to finish 18th in the overall medals tally.
The final addition to India's unmatched medal count came from the athletics arena late on Saturday, where Navdeep Singh's silver medal in the men's javelin F41 category was upgraded to gold, capping a spectacular finish to the Games.
At the last edition in Tokyo, India were ranked 24th with five gold, eight silver and six bronze medals.
On the concluding day of the Paralympics at the Vaires-sur-Marne Stadium, Pooja was the last Indian in fray and she finished her semifinal 1 with a timing of 1:17.03, which was 7.03 seconds behind the third-placed Eleonora de Paolis of Italy.
The top-three make the final. Bri

Paralympics 2024

Seven men were killed and three injured after they were struck by lightning in Chhattisgarh's Balodabazar-Bhatapara district on Sunday, officials said.
The incident took place this evening in Mohtara village when the victims were working in a field, a district administration official said.  "As per preliminary information, these persons gathered at the edge of a pond near their field amid heavy rainfall when lightning struck. The deceased were identified as Mukesh (20), Tankar Sahu (30), Santosh Sahu (40), Thaneshwar Sahu (18), Pokhraj Vishwakarma (38),  Dev Das (22) and  Vijay Sahu (23)," he said.  The three injured persons have been hospitalised, the official added.

lightning

Vehicles equipped with Global Navigation Satellite System (GNSS) On-Board Units (OBUs) will be able to automatically pay tolls based on the distance they travel

Highway, Road

Apple is set to unveil its highly anticipated iPhone 16 series, which boasts new AI features, on Monday, with global sales expected to begin 10 to 12 days later

iPhone, Apple iPhone

RG Kar Medical College and Hospital rape-murder case: The Indian Medical Association of West Bengal has defied the Supreme Court's order for protesting junior doctors to return to work

Bengal Chief Minister Mamata Banerjee said the doctors’ protest was ‘definitely a conspiracy by the Centre and some Left parties’ 	FILE PHOTO: REUTERS

Bengal Chief Minister Mamata Banerjee said the doctors' protest was ‘definitely a conspiracy by the Centre and some Left parties' 	FILE PHOTO: REUTERS

The Rajasthan government is carrying out large-scale administrative reforms to ensure ease of doing business and make the state investor-friendly, industry and commerce minister Rajyavardhan Rathore said on Wednesday.
"The government is constantly trying to reduce the cost of doing business and reduce red tape to zero under 'ease of doing business' so that it is easy for the industry to do business here," Rathore said while talking to reporters about the 'Rising Rajasthan' Global Investment Summit-2024.
The summit is scheduled to be held in Jaipur from December 9-11.
The minister further said that the government aims to double the state's gross domestic product (GDP) from the current Rs 15 lakh crore to Rs 30 lakh crore in the next five years.
Mobilising investment in the state through the 'Rising Rajasthan' Global Investment Summit is the top priority of the government, he said.
The summit is a great opportunity to showcase Rajasthan as one of the most business-friendly states an

Rising Rajasthan | Photo: X/ Col Rajyavardhan Rathore

Vedanta Resources, the parent firm of mining conglomerate Vedanta Ltd, on Wednesday raised USD 900 million in its first dollar bond issue in more than two years to prepay existing bonds.
In a statement, the firm said it has raised UDS 900 million at a coupon rate of 10.875 per cent in the five-year US dollar-denominated bond.
"The net proceeds from the offering of the bonds will be used to repay certain of Vedanta's existing bonds (including any accrued interest thereto) and to pay any related transaction costs in connection thereto," it said.
This is the first US dollar bond issued by Vedanta since February 2021.
The bond received final orders of USD 1.45 billion from investors across the globe representing an oversubscription of over 1.6 times, reinforcing the confidence of these investors in the Vedanta story, the statement said.
"The final allocation of the bonds represented the broad-based support which Vedanta enjoys, including 41 per cent from Asia, 24 per cent from EMEA an

Vedanta

Sony announced its most powerful gaming console, the PlayStation 5 Pro. Sonos forays into India with the Ace headphones launch. JioPhone Prima 2 launched in India. HMD 110 debuts with YouTube Shorts

Tech wrap Sep 11

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Rajasthan carrying out large-scale reforms for ease of biz, says minister

Vedanta Resources gets $900 mn via first dollar bond issue to prepay loans

Tech wrap Sep 11: Sony PS5 Pro, Sonos Ace, JioPhone Prima 2, HMD 110, more

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