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NEW DELHI : The Centre is considering shifting its financial assistance for adoption of electric vehicles (EVs) toward public transport such as e-buses. The support for purchase of private electric two-wheelers may be gradually phased out, said a person in the know of the developments. “There is a view that the subsidies should gradually be phased out for private two-wheelers and assistance should go for public transport and charging infrastructure," the person added.

Russia's first lunar mission in nearly five decades, Luna-25, crashed into Moon a day after it had spun into uncontrolled orbit, the country's space agency said on Sunday. The pilotless spacecraft was aiming to be the first ever to land on the south pole of the moon, an area where scientists believe there could be important reserves of frozen water and precious elements.

By Jonathan Allen and Brendan O'Brien

Ron Cephas-Jones passed away on August 19 at the age of 66. Popular for his role in the NBC television series This Is Us, he had two Emmy Awards wins to his credit as well as a Tony Award nomination. However, he was more prolific as a stage actor, being seen in several William Shakespeare play adaptations. Ron Cephas-Jones is the father of original Broadway ‘Hamilton’ actor Jasmine Cephas-Jones.

Defence Research and Development Organisation (DRDO) has said there was no collateral damage from crash of Tapas unmanned aerial vehicle (UAV) in Karnataka Sunday morning. “TAPAS UAV was undergoing an experimental flight trial today morning from ATR Challakere, Karnataka. During the flight, a technical snag was encountered and the UAV crashed in a nearby farmland.

ALSO READ: Elon Musk announces removal of block feature on X, says ‘it makes no sense’ After Musk took over Twitter, he laid off much of the company's workforce, scrapped the old verified programme in favour of the $8/month Twitter Blue subscription, changed its name from Twitter to X, and introduced live streaming. Meanwhile, former Twitter CEO Jack Dorsey in a post on X (formerly called Twitter) wrote that he has deleted his Instagram account after using it for 12 years.

By David Randall

Investing.com — Federal Reserve officials gather for the central bank’s annual get-together at Jackson Hole, Wyoming with a speech by Federal Reserve Chairman Jerome Powell the main highlight. The deepening crisis in China’s property sector will remain to the fore, while PMI data out of the Eurozone and the UK will likely add to the gloom. Here’s what you need to know to start your week.

MEXICO CITY (Reuters) — Hurricane Hilary hurtled towards Mexico's Baja California peninsula on Sunday, blanketing the region with heavy rain amid warnings of catastrophic and life-threatening flooding on the peninsula and in the U.S. Southwest.

Canadian homeowners are having regrets over their current mortgage as they face unexpected increases in their monthly payments, says one new study.

In a 10-minute video posted by Nishant Kalia, a Calgary-based YouTuber and recent immigrant who runs the In The North – Canada channel, discusses the possibility of a recession, rising rents and layoffs as he walks the streets of the city with his partner.

Wages negotiated by union workers in Canada are creeping higher, complicating the central bank’s bid to restore price stability.

Are you planning to rent a property from a landlord who is a non-resident Indian (NRI)? If you are, there are certain rules you need to be aware of. First and foremost, it is important to ensure that your landlord has appointed a representative in India who can act on his or her behalf in case of any legal or maintenance issues. Additionally, make sure you have a clear and detailed rental agreement in place that outlines the terms and conditions of your tenancy. This should include information on rent payments, security deposits, and any other fees or charges that may apply.

RBI Udgam Portal News: The Reserve Bank of India has launched a centralised web portal – UDGAM (Unclaimed Deposits – Gateway to Access inforMation) – which will enable bank customers to find their unclaimed deposits. In a statement, the RBI said this portal will make it easier for the public to search their unclaimed deposits across multiple banks in one place.

India’s real estate started its upwards journey post the Covid-19 mayhem in 2021 itself. By the end of 2022, the country’s second largest employment generating sector had gained momentum as reflected in key performance indicators, as buyer sentiment vis-à-vis the sector changed in the aftermath of the pandemic. In that sense, the year 2023 started on a firm footing for the sector that contributes greatly to India’s overall growth.

Nifty settled below 65,000 levels at 64,949, down 202 points, while Nifty ended 55 points lower at 19,310. Sectorally, IT, Realty and healthcare indices posted the most drag, while Media, PSU Bank and FMCG indices ended with marginal gains.Here's how analysts read the market pulse:“Indian indices encountered a week of vulnerability due to adverse global and domestic cues, accompanied by a shift towards safer assets by investors like the USD. Discouraging domestic industrial production, negative wholesale inflation, and elevated CPI inflation contributed to market volatility.

Russia's first moonshot in nearly half a century has failed after its Luna-25 spacecraft spun out of control and smashed into the moon. Following are details about the mission and what its failure is likely to mean.

The Hill. The interesting development in favouring an Indian-American businessman comes days after Tesla founder Elon Musk advocated for Ramaswamy. Further on Friday, Ramaswamy also vocalised his opinion on the ways to end the Russia-Ukraine war.

Japan and Australia are planning a joint navy drill in the South China Sea off the western Philippines this week to underscore their commitment to the rule of law in the region after a recent show of Chinese aggression in the disputed waters, Filipino security officials said Sunday. On Aug. 5, Chinese coast guard ships used water cannons against Philippine vessels in the contested waterway where disputes have long been regarded as a potential flashpoint and have become a fault line in the rivalry between the U.S.

Aeroflex Industries and Vishnu Prakash R Punglia will open for public subscription this week. Beside, there are three other IPOs including that of Aeroflex Industries, which kicked off last week and will be available through the current week.Aeroflex Industries The initial public offer (IPO) of Aeroflex Industries will open on August 22 and close on August 24. The anchor investors' subscription will be done on August 21. The IPO comprises fresh equity issue of Rs 162 crore and offer for sale (OFS) of 1.75 crore equity shares. Under the OFS, promoter SAT Industries will offload the 1.75 crore shares.

infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.65 lakh crore in July 2023, an official report said. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,646 projects, 388 reported cost overruns and as many as 809 projects were delayed. «Total original cost of implementation of the 1,646 projects was over Rs 23,92,837.89 crore and their anticipated completion cost is likely to be Rs 28,58,394.39 crore, which reflects overall cost overruns of Rs 4,65,556.50 crore (19.46 per cent of original cost),» the ministry's latest report for July 2023 said. According to the report, the expenditure incurred on these projects till July 2023 was Rs 15,21,550.38 crore, which was 53.23 per cent of the anticipated cost of the projects. However, it stated that the number of delayed projects decreased to 602 if the delay is calculated on the basis of the latest schedule of completion.