MOSPI SAYS

India unemployment rate at 5% in August vs 5.1% in July

STL NETWORKS 🌐 | NEW WHOLLY-OWNED SUBSIDIARY

• Committee approves incorporation of STL Networks DC Limited as a Wholly Owned Subsidiary

• New entity will focus on data centre & telecom infrastructure, solutions and connectivity services

• STL Networks to subscribe to 100% of initial paid-up capital

• Initial paid-up capital: ₹1 Lakh, to be subscribed in cash

• Approval given on Sep 15, 2026

BHEL 🚆 | JV WITH TITAGARH FOR VANDE BHARAT SLEEPER

• Forms 50:50 JV with Titagarh Rail Systems for comprehensive maintenance of Vande Bharat Sleeper Trainsets

• Maintenance contract for 35 years

• JV to be incorporated as a Private Limited Company

• Initial paid-up share capital: ₹50 Lakh

• Registered office: Delhi

• BHEL & Titagarh to nominate 2 directors each

MOSPI UNEMPLOYMENT DATA

August Unemployment Rate Of 5.0% Lowest In 6 Months

Rural Unemployment Rate At 4.1% Vs 4.5% MoM

Urban Unemployment Rate At 6.8% Vs 6.7% MoM

Labour Force Participation Rate At 55.6% Vs 55.4% MoM

Worker Population Ratio Rate At 52.8% Vs 52.5% MoM

THERMAX:

CO SUBSIDIARY TECC INCORPORATES WHOLLY-OWNED STEP-DOWN SUBSIDIARY THERMAX BOTSWANA PROPRIETARY LIMITED

CANARA BANK:

CO RBI APPROVES EXERCISE OF CALL OPTION ON ₹1,500 CRORE BASEL III AT1 BONDS

US ADP WKLY EMPLOYMENT CHANGE ACTUAL 16.25K (FORECAST -, PREVIOUS 12,000.0)

INDIA NATIONAL PAYMENT CORPORATION: ANNOUNCES MERCHANT DISCOUNT RATE ON HIGHER VALUE UPI TRANSACTIONS || MDR OF 0.4% WILL BE INTRODUCED ON PERSON-TO-MERCHANT UPI TRANSACTIONS ABOVE INR 2,000

BESSENT: WE ARE NOW ENDING IRAN THREAT, NOT 'MANAGING' IT

OPENAI SAYS IT’S WORKING WITH ANTHROPIC, GOOGLE ON AI SAFETY

TRADE MINISTRY SAYS INDIA’S AUGUST PETROLEUM, CRUDE AND PRODUCTS IMPORTS AT $16.69 BLN

LEMON TREE HOTELS: CO OPENS KEYS LITE BY LEMON TREE HOTELS IN MOGA, PUNJAB WITH 33 ROOMS

U.S 10 YEAR YIELD COOLS DOWN TO 4.98 V 5.04 🟢🟢

JUST IN : 🚨 Senator Elizabeth Warren urges Congress to block Crypto Clarity Act.

BREAKING : 🚨🚨 CLARITY ACT DOES NOT GET REQUIRED 60 VOTES TO ADVANCE TO NEXT STAGE.

ONE MOBIKWIK SYSTEMS: OUTLOOK - THE COMPANY VIEWS THIS DEVELOPMENT AS A STRONG ENABLER OF ITS PLANS TO DEEPEN ITS PRESENCE IN UPI AND SCALE ITS MERCHANT BUSINESS