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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.
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News and Media
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.
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News and Media
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.
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News and Media
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.
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News and Media
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.
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News and Media
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