28, Jul 2026
R25, Utila and Yield.xyz Bring Vault Ecosystem to Institutional Treasuries
The integration establishes a secure, MPC-governed gateway for institutions to access a suite of curated real-world asset strategies built on R25’s vault infrastructure, starting with a 3-month emerging-market consumer credit vault.
SINGAPORE, July 28, 2026 /PRNewswire/ — R25, the on-chain vault infrastructure for the next generation of finance, today announced a strategic integration with Utila, the enterprise-grade digital asset operations platform, and Yield.xyz, the self-custodial yield API. This integration bridges R25’s expanding ecosystem of curated on-chain strategies directly with institutional-grade custody and governance workflows.
As institutional stablecoin holdings grow, treasury managers are increasingly looking to allocate across diverse strategies. However, fragmented approval processes and custody friction remain significant barriers. By integrating Yield.xyz’s standardized API connectivity with Utila’s multi-party computation (MPC) security, R25 enables institutions to securely deploy capital into non-custodial, self-executing vaults without altering their existing risk and compliance frameworks.
The inaugural offering available through this new institutional gateway is Axil Prime Credit (APC) – a three-month USDC vault providing exposure to emerging-market consumer credit. The APC strategy is professionally curated by Axil, an on-chain risk curation team leveraging deep portfolio curation and risk management expertise from BlackRock, HSBC, and HashKey.
“At R25, our ultimate goal is to power the next generation of finance by making expert-curated yields universally accessible through a standardized, programmable infrastructure layer,” said Sean Chung, VP of Business Development of R25. “While we continue to expand our connectivity, building a risk-resistant execution layer is critical for institutional users. By partnering with Utila and Yield.xyz, we are ensuring that institutional liquidity can flow into our ecosystem with the highest standards of MPC security and policy control.”
“DeFi adoption will depend on how effectively institutions can connect asset access with the governance standards already applied across their treasury,” said Bentzi Rabi, Co-Founder and CEO of Utila. “By combining R25’s curated vault infrastructure, Yield.xyz’s connectivity, and Utila’s MPC security and policy controls, this integration gives treasury teams a practical way to allocate capital to APC and future yield strategies within a controlled institutional workflow.”
The integration establishes a streamlined path for institutions to evaluate and access the APC vault today, and lays the groundwork for additional curated vaults to become available within the Utila environment and R25 ecosystem following relevant product and risk reviews.
About R25
R25 is the on-chain vault infrastructure for the next generation of finance. A platform where diverse strategies meet cutting-edge blockchain technologies, R25 provides the technological infrastructure for universal access to on-chain yield curated by experts.
About Utila
Utila is the leading stablecoin and digital asset infrastructure platform for fintechs and enterprises. Utila enables organizations of all sizes to securely build, manage, and scale digital asset operations across stablecoin payments, treasury, trading, tokenization, and beyond. The platform combines institutional-grade MPC wallets, granular policy controls, robust APIs, multi-chain support, payment and tokenization engine, and deep integrations with banking, compliance, exchanges, DeFi, and more. Trusted by 300+ industry leaders, Utila processes more than $25B in monthly volume and has secured over $200B in transactions to date. Learn more at utila.io.
About Yield.xyz
Yield.xyz is the unified access layer for onchain finance, enabling developers to integrate once and access over 3,000 opportunities across staking, lending, perpetuals trading, and onchain vaults on 80+ networks. Trusted by leading wallets and financial platforms including Ledger, Trust Wallet, Privy, Utila, DFNS, Crossmint, Turnkey, Tangem, and 100+ more, Yield.xyz powers production-grade onchain products with built-in support for secure transaction verification and fee-customizable revenue sharing. Yield.xyz abstracts complex integration work into simple API calls, enabling teams to ship scalable onchain products without rebuilding per-protocol infrastructure. To learn more, visit yield.xyz.
View original content:https://www.prnewswire.co.uk/news-releases/r25-utila-and-yieldxyz-bring-vault-ecosystem-to-institutional-treasuries-302835324.html
- 0
- By Neel Achary
28, Jul 2026
California Energy Commission, California Public Utilities Commission and Rajasthan Electricity Regulatory Commission Sign Landmark Memorandum of Intent to Advance Clean Energy Collaboration
ISGF Facilitated Strategic Partnership to Accelerate Renewable Energy Integration, Grid Modernization, Energy Storage and Transportation Electrification between California and Rajasthan
NEW DELHI, July 28, 2026 /PRNewswire/ — The California Energy Commission (CEC), the California Public Utilities Commission (CPUC), and the Rajasthan Electricity Regulatory Commission (RERC) have executed a landmark Memorandum of Intent (MoI) on 25 June 2026, establishing a strategic collaboration framework for advancing clean energy technologies, grid modernization, renewable energy integration, energy efficiency, transportation electrification, long-duration energy storage, renewable energy forecasting, and grid reliability.
The Memorandum of Intent marks a significant milestone in strengthening international cooperation between two global leaders in renewable energy deployment. California and Rajasthan, among the largest and most progressive states in their respective countries, share common ambitions of accelerating the clean energy transition while ensuring reliable, resilient, and affordable electricity systems.
The virtual signing ceremony was attended by Hon’ble Energy Minister of Rajasthan Mr Heeralal Nagar, Mr Siva Gunda, Vice Chair of California Energy Commission; Mr John Reynolds, President, California Public Utilities Commission, Mr Hemant Kumar Jain, Member, Rajasthan Electricity Regulatory Commission; and Mr Reji Kumar Pillai, President, India Smart Grid Forum (ISGF) and Chairman, Global Smart Energy Federation (GSEF), along with senior officials from the participating organizations.
The collaboration aims to promote knowledge exchange, policy dialogue, technical cooperation, and the sharing of global best practices in key areas including Renewable energy integration, Grid modernization and resilience, Energy efficiency, Transportation electrification, Long-duration energy storage, Energy forecasting and grid planning and other Emerging clean energy technologies.
Speaking on the occasion, Hon’ble Minister for Energy, Rajasthan Government, Mr Heeralal Nagar, said, “Rajasthan is a leader in clean energy in India. We have strong sunshine and good wind, and we are using them to produce more and more solar and wind power. We are also adding battery storage and smart meters, and improving our power grid, so that clean power reaches our people in a steady and affordable way. California has done excellent work in this field, and there is a lot we can learn from each other. This agreement is an important step. It allows our two sides to share knowledge, ideas and experience — on solar and wind power, storage, electric vehicles and grid reliability. I believe this will bring real benefits to the people of both Rajasthan and California.”
Mr Siva Gunda, Vice Chair, California Energy Commission, said, “California and Rajasthan are demonstrating how subnational partnerships can accelerate the clean energy transition through practical collaboration. This Memorandum of Intent provides a strong foundation for sharing technical expertise on renewable energy integration, grid reliability, energy forecasting, transportation electrification, and long-duration energy storage. We look forward to learning from one another as we work toward reliable, affordable, resilient, and increasingly clean energy systems.”
President of California Public Utilities Commission, Mr. John Reynolds, commented, “California and Rajasthan are confronting many of the same challenges as we transition to cleaner, more reliable, and more affordable energy systems. This Memorandum of Intent creates an important opportunity for our institutions to learn from one another, share regulatory experience, and strengthen our collaboration in support of the people we serve.”
ISGF President, Mr Reji Kumar Pillai has commented, “Rajasthan today operates one of the most complex grids with nearly 80% of renewable energy. Out of 62 GW of installed capacity in Rajasthan, 42 GW is solar and 6 GW is wind. Managing a grid with such high level of variable RE generation sources is a major challenge and requires advanced digital technologies and enabling regulatory framework. This collaboration between California and Rajasthan is expected to be mutually beneficial and would be an ideal test bed for new technologies and policy interventions.”
Following the signing ceremony, the California Energy Commission acknowledged ISGF’s pivotal role in enabling this collaboration and expressed its appreciation for the continued partnership with Rajasthan and ISGF. The Commission also recognized the valuable support provided by the India Energy and Climate Center at UC Berkeley and the UC Davis India Center for Energy and Climate in advancing this initiative.
ISGF has been actively promoting international collaborations to accelerate the deployment of smart grids, renewable energy, electric mobility, and advanced energy technologies across India. This partnership further reinforces ISGF’s commitment to fostering global cooperation that supports India’s clean energy ambitions and contributes to building resilient, sustainable, and future-ready power systems.
About India Smart Grid Forum (ISGF)
ISGF is a public private partnership initiative of Govt. of India with the mandate of accelerating smart grid deployments across the country. With 170+ members comprising of ministries, utilities, technology providers, academia and research, ISGF has evolved as a Think-Tank of global repute on Smart Energy and Smart Cities. Mandate of ISGF is to accelerate energy transition through clean energy, electric grid modernization and electric mobility; work with national and international agencies in standards development and help utilities, regulators and the industry in technology selection, training and capacity building. Website: https://indiasmartgrid.org/
View original content to download multimedia:https://www.prnewswire.com/in/news-releases/california-energy-commission-california-public-utilities-commission-and-rajasthan-electricity-regulatory-commission-sign-landmark-memorandum-of-intent-to-advance-clean-energy-collaboration-302834027.html
28, Jul 2026
Sharmila Wins Commonwealth Gold, Dedicates Medal to Mother
Glasgow, July 28: Indian para shot putter Sharmila Dhankhar brought pride to the nation by winning the gold medal at the 2026 Commonwealth Games in Glasgow, Scotland.
Pic Credit: https://x.com/PiyushGoyal
After her historic victory, Sharmila dedicated the medal to her mother, saying the achievement was the fulfilment of a cherished dream. Her emotional message added a special touch to the memorable sporting moment.
Expressing her joy, Sharmila said she was proud to win a medal for India and vowed to continue working hard to achieve greater success for the country in future competitions.
Her remarkable performance has become an inspiration for aspiring athletes and a proud milestone for Indian para-sports, reflecting years of dedication, determination, and hard work.
Sharmila’s golden achievement has added another chapter to India’s growing success on the international sporting stage.
28, Jul 2026
Why Diagnostics Developers Are Looking Beyond Traditional Electrode Materials — iGii to Exhibit at ADLM 2026
Every industrial revolution has been enabled by a breakthrough in materials. New materials create new possibilities, allowing industries to build products that were previously impractical, uneconomic or simply impossible. Yet today, manufacturers across sectors are constrained by the limitations of existing materials, while many promising alternatives have struggled to move beyond the laboratory.
iGii, the advanced materials company, will exhibit at ADLM 2026 (28–30 July) at Booth #2381, where it will demonstrate how its proprietary carbon nanomaterial, Gii, is giving diagnostics developers a new route past these constraints, combining high performance with the manufacturing scalability needed for industrial adoption.
At ADLM, iGii’s booth will showcase:
- Gii, the underlying carbon nanomaterial enabling next-generation point-of-care diagnostics
- Gii-Sens Research electrodes, supporting assay development from feasibility through to scalable manufacture
- Gii microheater technology for molecular diagnostics and other applications requiring rapid, precise thermal control
- Examples of how Gii is already being integrated into customer products across diagnostics
iGii is particularly keen to talk to developers and manufacturers working across:
- Point-of-care diagnostics
- Molecular diagnostics
- Immunoassays
- Electrochemical biosensing
- Veterinary diagnostics
- Environmental monitoring
Dr Joanne Holmes and Dr James Youell, both Sales Directors at iGii, will be on-site throughout the exhibition and available for meetings and media discussions.
28, Jul 2026
Centre Proposes Three-Year Pollution Certificate Validity for BS-VI Vehicles
New Delhi, July 28: Vehicle owners with Bharat Stage-VI (BS-VI) compliant vehicles may soon get relief from frequent Pollution Under Control Certificate (PUCC) renewals, with the government proposing to extend the certificate’s validity period to three years.
The proposed change aims to simplify compliance procedures, reduce paperwork, and make vehicle-related services more convenient for citizens while maintaining emission monitoring standards.
Officials said the move is being considered as part of broader efforts to improve ease of compliance and modernise the vehicle certification framework. BS-VI vehicles, which use advanced emission-control technologies, are designed to meet stricter pollution norms compared with older vehicle categories.
The proposal is expected to benefit millions of vehicle owners by reducing the need for repeated visits to authorised testing centres and lowering the administrative burden associated with certificate renewals.
The government is also working towards strengthening digital systems for vehicle emission monitoring to ensure better tracking, transparency, and enforcement of pollution control measures.
Automobile industry stakeholders have welcomed the proposal, saying longer PUCC validity could improve convenience for consumers while allowing regulatory agencies to focus on effective emission monitoring.
The proposal will undergo further examination before a final decision and official notification are issued.
28, Jul 2026
Heavy AI Spending Concerns Spark Dollar 1.2 Trillion Meltdown in US Tech Sector
New York, July 28: US technology stocks witnessed a sharp decline as investor concerns over rising artificial intelligence (AI) spending triggered a major market selloff, wiping out nearly $1.2 trillion in market value and raising questions over the pace of returns from massive AI investments.
The decline was led by major technology and semiconductor companies, as investors reassessed the sustainability of the sector’s AI-driven rally. Concerns have intensified over the billions of dollars being committed towards AI infrastructure, including advanced processors, data centres, and cloud computing capabilities.
Market analysts said the selloff reflects growing caution among investors who are seeking clearer evidence that heavy AI investments will translate into stronger earnings and long-term profitability. While artificial intelligence remains a key growth opportunity, concerns over rising costs and delayed monetisation have prompted a reassessment of technology valuations.
The weakness in technology shares weighed on broader US markets, with the Nasdaq Composite coming under pressure, while the S&P 500 remained largely unchanged and the Dow Jones Industrial Average posted modest gains as investors rotated towards other sectors.
The impact of the tech downturn extended beyond Wall Street, with global semiconductor stocks facing renewed pressure and Asian markets opening lower amid concerns over the outlook for technology companies.
Analysts said upcoming earnings reports and corporate commentary will be closely watched for indications on AI investment strategies, spending discipline, and the expected timeline for generating returns from these large-scale projects.
Despite the recent volatility, market experts said AI remains a significant long-term technology trend. However, investors are increasingly focusing on profitability, efficiency, and measurable business outcomes as companies continue to expand their AI capabilities.
28, Jul 2026
Space Startups Strengthening India’s Global Competitiveness: Piyush Goyal
New Delhi, July 28: India’s space sector is undergoing a transformative phase, powered by a new generation of innovators and startups that are driving technological advancement and strengthening the country’s global competitiveness, Union Commerce and Industry Minister Piyush Goyal said on Tuesday.
The minister said the government’s reform-oriented approach and increasing private sector participation have unlocked fresh opportunities for entrepreneurs, enabling India to build a vibrant and globally competitive space ecosystem.
Highlighting the rapid growth of space-tech startups, Goyal said Indian companies are making significant contributions across satellite development, launch technologies, space-based applications, and advanced manufacturing. These innovations, he noted, are enhancing India’s capabilities while opening new avenues for investment, exports, and high-value employment.
He said the convergence of policy support, innovation, and industry collaboration has positioned India as an emerging hub for space technology, with startups playing a central role in shaping the sector’s next phase of growth.
Emphasizing the importance of sustained investment in research and development, Goyal said continued collaboration among the government, industry, academia, and startups will be critical to accelerating innovation and expanding India’s presence in the global space economy.
The minister reaffirmed the government’s commitment to fostering an enabling environment for innovation-led enterprises, expressing confidence that India’s fast-growing space ecosystem will serve as a key pillar of the country’s economic growth, technological self-reliance, and global leadership in the years ahead.
28, Jul 2026
Sensex, Nifty Hold Steady at Open; IT Stocks Lead Early Gains
Mumbai, July 28: Indian benchmark indices opened on a subdued note on Tuesday, tracking weak cues from Asian markets and a global selloff in semiconductor stocks that kept investor sentiment cautious. While the Sensex and Nifty traded marginally lower in early trade, strength in IT stocks helped cushion the downside.
The Nifty IT index rose 2 per cent to emerge as the top sectoral gainer, supported by advances in realty, healthcare, and pharmaceutical stocks. Meanwhile, oil & gas and PSU banking stocks remained under pressure, weighing on the broader market.
Investor sentiment was dented by a sharp decline in global semiconductor shares following the blockbuster debut of China’s ChangXin Memory Technologies (CXMT), which intensified concerns over rising competition in the global memory chip industry.
Despite the cautious opening, analysts said the market’s near-term outlook remains constructive after the Nifty rebounded more than 400 points from its recent low of 23,606. They identified 23,606 as a key technical support level, while a sustained move above 24,200 would be needed to reinforce bullish momentum.
Across Asia, most major markets traded lower, reflecting continued global risk aversion. Overnight, Wall Street ended on a mixed note as weakness in semiconductor stocks weighed on technology shares. Meanwhile, international crude oil prices declined, offering some relief on the inflation front and providing a supportive backdrop for import-dependent economies such as India.
28, Jul 2026
Air India And Ministry Of Tourism Enter MOU To Jointly Promote India As A Global Tourism Destination
Chandigarh, 28 July: Air India, India‘s leading global airline, and the Ministry of Tourism (MoT), Government of India, have signed a Memorandum of Understanding (MoU) to jointly promote India as a premier global tourism destination and strengthening India’s position as a key aviation and transit hub.
The MoU establishes a framework for coordinated initiatives across tourism marketing, destination storytelling, trade engagement, transit tourism, and visitor experience enhancement.
By leveraging Air India‘s expanding global network and the MoT’s flagship Incredible India initiative, the collaboration aims to boost inbound tourism, strengthen India‘s global visibility, and encourage more international travellers to discover the country’s diverse cultural, heritage, natural, and experiential offerings.
Nipun Aggarwal, Chief Commercial Officer, Air India, said: “As the airline that proudly carries India in its name, Air India has a unique responsibility to showcase the country to the world and serve as an ambassador for the “new India” that is confident, vibrant, warm, and welcoming. As Air India expands its global network that already spans five continents and welcomes more visitors to India, this partnership with the Ministry of Tourism will help us to meaningfully put the spotlight on a nation that truly is uniquely remarkable.”
P. Balaji, Group Head – Governance, Risk, Compliance & Corporate Affairs, Air India, said: “This MoU reflects months of close collaboration between Air India and the Ministry of Tourism and a shared belief that aviation and tourism can be powerful partners in advancing India‘s global profile. The framework creates a meaningful platform that combines the Government’s nation-branding strengths with Air India‘s growing global footprint. We are excited to work with the Ministry of Tourism to create new pathways for international travellers to discover the richness, diversity, and dynamism of India.”
With Air India serving 40 international destinations across five continents and welcoming millions of visitors to India each year, the airline’s new world-class aircraft, digital platforms, inflight experiences, and global commercial presence will become powerful channels for taking the Incredible India story to travellers around the world.
Air India‘s network today spans North America, UK & Europe, Australia, Africa, and Asia – regions that together are home to nearly 95% of the world’s population. Beyond the destinations it serves directly, Air India‘s 25 codeshare partnerships and more than 120 interline partnerships with leading airlines around the world today connect India to over 1,000 destinations worldwide. This vast global footprint, combined with Air India‘s uniquely Indian identity, makes the airline a natural partner for showcasing India‘s heritage, culture, landscapes, and tourism experiences to audiences worldwide.
Driving inbound tourism and trade engagement
Under the agreement, Air India and the Ministry of Tourism will collaborate on co-branded global marketing campaigns and tourism promotion across digital, social media, inflight branding, and other consumer-facing platforms. The partnership will also explore opportunities to extend Incredible India branding across Air India‘s touchpoints.
Recognising the critical role of aviation in tourism growth, the two organisations will jointly engage with tour operators, travel trade partners, and industry stakeholders across key international markets.
The collaboration will include participation in tourism exhibitions, roadshows, familiarisation trips, and other market development activities designed to boost interest in India among international travellers.
Air India and the Ministry will also work with State Tourism Boards and other stakeholders to highlight destinations across the country and support tourism-led initiatives.
Strengthening India‘s position as a global transit hub and developing new offerings for travellers
As Air India continues to build its hubs at Delhi and Mumbai as into major international gateways, the MoU provides for collaboration on initiatives aimed at encouraging transit and stopover tourism in India, including the development of stopover programmes.
Additionally, both organisations will explore opportunities to align with Air India‘s Maharaja Club loyalty programme and develop customer incentives linked to tourism experiences across India.
The Ministry of Tourism will also facilitate engagement with relevant stakeholders to explore special offers and benefits for Air India customers, including access to cultural attractions, heritage sites, museums, and other visitor experiences.
28, Jul 2026
Godrej Enterprises Group Strengthens Advanced Tooling Capabilities to Support India’s Evolving Automotive Manufacturing Landscape
Chandigarh, 28 July: As India’s automotive industry advances towards greater localisation, next-generation mobility platforms, and increasingly sophisticated manufacturing processes, Godrej Enterprises Group’s Tooling business is strengthening its advanced engineering and manufacturing capabilities to support the evolving requirements of OEMs and Tier-1 suppliers. With over 85% of its business linked to the automotive sector, the company partners with customers across passenger vehicles, two-wheelers, commercial vehicles, and electric vehicle platforms through high-precision tooling solutions. Today, 95% of the tooling supplied to automotive customers is manufactured locally, reflecting the growing capabilities of India’s domestic tooling ecosystem.
Government initiatives such as Make in India and Production Linked Incentive (PLI) schemes, coupled with a growing emphasis on supply chain resilience, are encouraging manufacturers to increase local sourcing and reduce dependence on imports. Godrej Enterprises Group‘s Tooling business supports customers through a wide range of solutions, including press tools, die-casting dies, and precision tooling systems, helping manufacturers achieve high levels of productivity, quality, and operational efficiency. Beyond automotive, the business also caters to sectors such as industrial machinery, railways, metro rail, and defence manufacturing, contributing to India’s broader manufacturing ecosystem.
Mr. Pankaj Abhyankar, Business Head – Tooling, Godrej Enterprises Group, said, “India’s automotive industry is evolving rapidly, driven by localisation, changing mobility technologies, and the need for greater manufacturing agility. As vehicle architectures become more advanced, tooling is playing an increasingly important role in enabling precision, productivity, quality, and faster product development cycles. Our focus remains on building advanced engineering and manufacturing capabilities that help customers meet these evolving requirements while supporting India’s manufacturing ambitions.”
To address emerging industry needs, the business is expanding its adoption of advanced technologies including digital simulations, additive manufacturing, IoT-enabled monitoring systems, and large-tonnage die capabilities. The company is also leveraging specialised manufacturing technologies such as vacuum-assisted systems, thermo-regulation technologies, squeeze casting, and conformal cooling solutions to meet evolving performance, productivity, and quality requirements.
The Indian tooling industry is expected to witness steady growth over the coming years, driven by investments in automotive manufacturing, electric mobility, infrastructure development, and defence production. As manufacturers continue to localise supply chains and introduce next-generation products, the need for precision-engineered tooling solutions is expected to grow across sectors.
With increasing investments across automotive, railways, metro infrastructure, defence manufacturing, and industrial engineering, Godrej Enterprises Group remains focused on strengthening indigenous tooling capabilities, advancing manufacturing excellence, and supporting India’s emergence as a globally competitive manufacturing hub.
