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The top loser was Cochin Shipyard whose stock fell by over 14% to the day's low of Rs 1,032.25. It was followed closely by Mazagon Dock Shipbuilders which plunged nearly 13% at Rs 2,005.10 on the NSE. Meanwhile, Garden Reach Shipbuilders, Shipping Corporation of India (SCI) and Great Indian Shipping Company shares fell 6.27%, 5.41% and 0.95%, respectively around 11 am. Both Mazagon Dock and Cochin Shipyard shares have witnessed a strong rally in recent times and have given returns of 13% and 20% over the past 5 trading sessions. Others like Great Indian Shipping Company, SCI and Garden Reach have given 6-3% returns during this time.Shipping stocks followed a wider trend where the PSU stocks fell. Commenting on the recent rally in many of the PSU stocks, Vijay Kedia, Managing Director at Kedia Securities told ETNow that he viewed the recent rally as some kind of euphoria in the PSU stocks. «I do not know what they should do but the general public should understand what happened in 2022, we discussed just now what this platform stocks, I think the same kind of euphoria is happening in PSU stocks.

Amazon Prime Video will premiere Wilderness, an original thriller, on 15 September. The series is created by Marnie Dickens, based on B.E. Jones’ novel, directed by So Yong Kim, and executive produced by Elizabeth Kilgarriff.

wealth management, which helps clients allocate assets, minimise tax bills and plan for retirement—typically for an annual fee of 1% of invested assets. Firms are piling into the business, spurred by the prospect of profits that will only become juicier as the world gets richer. Could it be good for clients, too? The wealth industry has long been highly fragmented.

AR Rahman's recent concert sent shockwaves through Chennai as it brought East Coast Road (ECR) to a standstill, prompting an urgent inquiry into the mayhem by DGP Shankar Jiwal. Notably, even Chief Minister M K Stalin's convoy was ensnared in the traffic snarl, adding to the urgency of the situation.

In a coordinated cross-border operation, Thai authorities have arrested four Chinese nationals and one Lao citizen suspected of orchestrating a massive 2.7 billion baht ($76 million) crypto scam, Bangkok Post reported.

Digital currencies will help China and its allies de-dollarize, a leading Chinese academic has claimed, as the nation continues to make CBDC progress.

Q: At Adobe’s Best of SUMMIT event, we discussed how experience-led growth is foundational to the success of every business. As an Adobe partner, can you share your perspective on how digital transformation is evolving as an area of priority for businesses today? Harpinder Singh: I strongly believe that to transform in the true sense, an organisation must understand the pulse of its business, ecosystem, and customers. The process of redesigning of customer journeys, products, services, and business models across the organisation can be successful only if the whole purpose of transformation is mapped directly to the creation of value.

Layer-1 networks with a P/S ratio of 15x, followed by Ethereum, Polygon, BNB Chain, and Fantom. Moreover, the TRON team also highlighted some of their latest developments. The team hosted live virtual world shops for those attending developer events, and the network became an associated member of the JCBA.

Data is power. And advances in data collection and analysis are helping Australia manage its power, says Jeremy Sung, head of policy at the Energy Efficiency Council, the peak body for Australia’s energy-management sector.

OTT aggregator platform Binge as it makes Apple TV+ now available for consumers in the country. The integration that has just been completed is Apple TV+’s first with an aggregator service in India, and only second in the world.

upcoming Cricket World Cup 2023 has been building up for some time. Fans across India are hoping that ‘conservative’ India can lift the trophy after 12 years on home soil. India triumphed over Sri Lanka in the 2011 Cricket World Cup.

Apple's iPhone 15 launch event is scheduled to be held at 10:30 pm (Indian time) from the tech giant's Cupertino-based headquarters. The event has been named Wonderlust and will feature many other launches as well including Air Pods with USB C type port and new generation Apple watches. According to Urban Dictionary, the term ‘wonderlust’ means “The desire to be in a constant state of wonder." It seems like the Tim Cook-led company wants to keep its users in a constant state of wonder with all the new releases planned for this year.

The launch event, set to take place at the Steve Jobs Theater on the Apple campus in Cupertino, California, will unveil the latest generation of gadgets from the company. Here's everything you need to know about how to watch the event and what exciting announcements to expect.

The Ukrainian military says it recaptured strategic gas and oil drilling platforms from Russia in the Black Sea

In a regular press briefing on Monday, the US State Department official spokesperson Matthew Miller told reporters, «We absolutely believe it was a success. The G20 is a big organisation.

Elon Musk's decision to deny Ukraine access to Starlink internet services for a potential attack on Russian forces in Crimea last September has prompted discussions about the need for clearer language in future contracts with the US military, specifying how procured services or products may be employed in wartime scenarios. As per a report by AP, excerpts from a recent biography of Elon Musk, as reported by The Washington Post last week, disclosed that in September 2022, Ukrainian authorities had requested Starlink support for a potential offensive against Russian naval vessels stationed at Sevastopol, located in Crimea.

SYDNEY (Reuters) — Australia's largest pension fund, AustralianSuper, said on Tuesday it would buy a minority stake in a major European data centre business for A$2.5 billion ($1.6 billion), its first significant investment into data centre platforms.

KKR is investing another ₹2,069.5 crore through an affiliate in Reliance Retail Ventures (RRVL), holding company for the retail businesses of Reliance Industries (RIL). KKR's follow-on investment will translate into an additional equity stake of 0.25% in RRVL, according to a press release issued on Monday, which added that this takes the private equity giant's holding to 1.42%. This round of fundraising has increased RRVL's valuation to around ₹8.36 lakh crore, from ₹8.28 lakh crore, when Qatar Investment Authority invested ₹8,278 crore less than three weeks ago. RIL said this puts Reliance Retail Ventures on the list of the country's top four companies by equity value. ET on August 25 reported that Reliance Industries is likely to sell a fresh round of 8-10% in RRVL to fund expansion, retire debt and prepare for the unit's initial public offering, which would take total stake sold to 19-21%.Global interest The stake sale is crucial because at the current valuation, RRVL's IPO size will be too large for the current liquidity to absorb. At a recent annual general meeting, Reliance Industries chairman and managing director Mukesh Ambani said several global investors had shown keen interest in the conglomerate's retail business. The latest investment by KKR comes primarily from its Asian Fund IV. In 2020, KKR invested Rs 5,550 crore in Reliance Retail Ventures.

crypto exchange FTX Group may emerge as soon as next year, potentially injecting a jolt of activity back into a market that's been largely subdued since the platform's collapse. More than 75 bidders have been contacted by the FTX estate since May to gauge industry interest in backing a relaunch of the exchange, according to a presentation filed in a Delaware court. Several parties have submitted bids that are now undergoing due diligence and information sharing, managers of the estate said, with a deadline for any new bids set for September 24. FTX was one of the world's largest digital-asset trading platforms prior to its bankruptcy in November. It was a key part of the crypto empire controlled by its now-jailed chief executive Sam Bankman-Fried, who is set to stand trial on fraud and other charges next month. FTX's failure, along with sister platforms FTX.US and Alameda Research, triggered an industry-wide fallout that left billions of dollars in assets locked up in customer claims. Bankman-Fried has pleaded not guilty to all the counts against him.

By Arriana McLymore

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