Seven & i Holdings plans a major U.S. expansion. The company will invest billions to upgrade 7-Eleven stores. Focus is on high-quality, Japanese-style fresh food. This includes the popular egg salad sandwiches. Stephen Dacus aims to replicate Japan's convenience store success. The move follows a failed takeover bid. The company seeks growth in a competitive U.S. market.
President Tokayev of Kazakhstan has proposed optimizing the National Fund, fostering a digital asset ecosystem, and attracting high-tech capital. He emphasised the need for strategic crypto reserves, a Ministry of AI, and a digital 'smart city' named Alatau-City. Furthermore, Tokayev suggested a 2027 referendum on transitioning to a unicameral parliament to streamline governance.
Nepal Protests News: Protests in Nepal, initially sparked by a social media ban affecting platforms like Facebook and WhatsApp, have escalated, resulting in 18 deaths and over 200 injuries. While the government cites tax and registration issues, deeper frustrations over corruption, nepotism, economic inequality, and a jobs crisis are fueling the unrest.
President Xi Jinping conveyed to Kim Jong Un China's readiness to strengthen strategic communication with North Korea, marking the nation's 77th anniversary. Xi expressed China's commitment to close cooperation with North Korea for the sake of global and regional peace and development. Kim recently joined Xi and Putin in Beijing for a significant military parade.
GST rate cuts on cement and construction materials are expected to lower developers' input costs by 2-4%, potentially boosting housing demand, especially in the affordable and mid-market segments. This, coupled with the festive season's increased inquiries and stable interest rates, creates favorable conditions for new project launches and improved affordability. Developers aim to pass on cost benefits to homebuyers gradually.
A federal appeals court has blocked a legal challenge by 19 states and D.C. against the Trump administration's firing of 25,000 federal workers. The court ruled the states lacked standing to sue, as they couldn't prove direct harm from the terminations.
Syrian state media reported Israeli strikes near Homs, Latakia, and Palmyra, prompting condemnation from Syria's Foreign Ministry, which labeled the attacks a violation of sovereignty and regional stability. These strikes are part of an ongoing escalation, particularly since the Gaza war, despite recent U.S.-mediated de-escalation talks in southern Syria. The extent of the damage remains undisclosed.
Karbonsteel Engineering is set to launch its Initial Public Offering of Rs 59 crore. The IPO will open on Tuesday and close on September 11. The company aims to list on BSE SME platform on September 16. It plans to use the funds for facility expansion and debt repayment. The IPO includes a fresh issue and an offer for sale.
Taurian MPS, a crushing and screening equipment manufacturer, launches its Rs 42 crore IPO today, aiming to list on the NSE SME platform on September 16. The IPO consists of a fresh issue of 24.87 lakh shares, with proceeds allocated for machinery, R&D, working capital, and general corporate purposes. While revenue surged, profit after tax slipped due to rising expenses.
