Russia eyes rail link to India to avoid maritime chokepoints

IANS | August 19, 2026 8:14 PM

New Delhi, Aug 19 (IANS) Russia is keen on exploring a strategic overland rail link to connect it with the Indian Ocean and India, with the initiative aiming to secure freight transport and bypass vulnerable maritime choke points like the Strait of Hormuz in the Persian Gulf and the Bosphorus Strait, which connects the Black Sea and the Mediterranean Sea.

Skyways IPO: EOW FIR, AEO Certificate suspension among key risks ahead of public issue

IANS | August 19, 2026 6:49 PM

New Delhi, Aug 19 (IANS) Skyways Air Services Limited, which is set to open its initial public offering on August 24, has disclosed an ongoing Economic Offences Wing (EOW) investigation involving the company and its material subsidiary Brace Port Logistics Limited in connection with allegations of fraud, over-invoicing, forgery and criminal conspiracy, according to the company’s offer documents and a representation submitted to SEBI.

RBI in wait and watch mode on recalibration of policy rate, show MPC minutes

IANS | August 19, 2026 6:42 PM

Mumbai, Aug 19 (IANS) Reserve Bank of India Governor Sanjay Malhotra said that he would "prefer to wait for more certainty to emerge on the inflation trajectory in terms of the persistence of realised prints at these or higher levels, the forecast, and the likely levels to which inflation may normalise and settle for any recalibration of the policy rate", according to the minutes of the Monetary Policy Committee meeting released on Wednesday.

India smartphone sales decline in April-June, Apple logs strongest growth: Report

IANS | August 19, 2026 5:06 PM

New Delhi, Aug 19 (IANS) India’s smartphone market remained under pressure during April-July 2026, as continued price hikes and cautious consumer spending weighed on demand, as Apple recorded the strongest sales growth during the period, increasing 15 per cent (year-on-year), driven by sustained demand for the iPhone 17 series and continued affordability offers, a report showed on Wednesday.