International Relations and Politics
The day begins with a significant meeting between Prime Minister Narendra Modi and Abu Dhabi Crown Prince Sheikh Khaled bin Zayed Al Nahyan. The Crown Prince, who arrived in New Delhi on Sunday for his first official visit, will engage in discussions with PM Modi, focusing on key bilateral relations between India and the UAE. This meeting is expected to cover a wide range of topics, including economic cooperation, strategic partnerships, and cultural exchanges.
Furthermore, Congress leader Rahul Gandhi is in Washington D.C. for his first international trip since assuming the role of Leader of the Opposition in the Lok Sabha. His itinerary includes engagements with influential think tanks and a speech at the National Press Club, marking a key moment for international outreach as he continues to strengthen his global political engagements.
Technology and Business
The tech world is buzzing with anticipation for Apple’s ‘It’s Glowtime’ event scheduled for today. This highly anticipated event is expected to unveil the new iPhone 16 series, along with the Apple Watch Series 10. Industry insiders are particularly excited about the rumored AI-powered capabilities that are anticipated to be featured in the new iPhone models.
In the business world, Bajaj Housing Finance (BHF), India’s second-largest housing finance non-banking financial company (NBFC), is set to open its initial public offering (IPO) for subscription today. The subscription window will remain open until September 11. BHF’s assets under management (AUM) as of Q1FY25 are ₹ 97,071 crore, making this one of the most anticipated IPOs in the financial sector.
The day also sees several other IPOs opening for subscription, including Kross, Aditya Ultra Steel, and Tolins Tyres. These offerings will provide investors with opportunities to participate in various sectors, including steel, tyres, and financial services.
Legal and Social Issues
The Supreme Court is set to hear a case related to the tragic murder and alleged rape of a junior doctor at R.G. Kar Medical College and Hospital in Kolkata. This hearing, listed on the Supreme Court’s cause list, will take place before a bench consisting of Chief Justice D.Y. Chandrachud, along with justices J.B. Pardiwala and Manoj Misra. The case, which the top court took up suo moto, has garnered national attention due to the brutal nature of the crime.
The 54th meeting of the GST Council is also scheduled for today, where members will address crucial issues like the future of the GST compensation cess and potential revisions to GST rates on insurance premiums. Stakeholders are keenly observing to see if there will be any significant policy shifts.
