Category Archives: News

Department of Culture and Tourism – Abu Dhabi Announces 11 December 2026 Opening of Guggenheim Abu Dhabi

A Landmark Museum Rooted in the United Arab Emirates and Shaping Global Artistic Dialogue

• Guggenheim Abu Dhabi will connect cultures, inspire people, and celebrate art from the 1960s to the present
• The museum brings new perspectives to modern and contemporary art, shining a light on artists from around the world.
• Once open, the museum will reinforce its status as one of the most significant museum developments globally

ABU DHABI, UAE, July 28, 2026 /PRNewswire/ — The Department of Culture and Tourism – Abu Dhabi has announced that Guggenheim Abu Dhabi will open its doors on 11 December 2026, further strengthening Abu Dhabi’s position as a leading global capital for the arts.

Guggenheim Abu Dhabi is a museum of modern and contemporary art and will be a space for encounter and exchange, promoting a more connected and diverse global community through art. The museum has a unique identity and vision, shaped by Abu Dhabi’s artistic landscape and designed to reflect the United Arab Emirates’ stories and beyond, encouraging curiosity among younger generations about modern and contemporary art.

The museum joins a growing community of museums and cultural institutions in Saadiyat Cultural District, including Louvre Abu Dhabi, Zayed National Museum, Natural History Museum Abu Dhabi, and teamLab Phenomena Abu Dhabi, positioning the district as one of the world’s most significant concentrations of cultural institutions. Part of the Guggenheim constellation of museums in New York, Venice, and Bilbao, Guggenheim Abu Dhabi brings a distinct identity shaped by Abu Dhabi’s legacy, in a region that has been at the crossroads of culture and trade for millennia.

His Excellency Mohamed Khalifa Al Mubarak, Chairman of Department of Culture and Tourism – Abu Dhabi, said: “Guggenheim Abu Dhabi is a defining moment in our cultural journey. The museum is shaped by the emirate’s long-held conviction that culture is the most enduring bridge between peoples and a building block for forward-looking societies. It brings new perspectives to modern and contemporary art, shining a light on art from all around the world. As a key element of Saadiyat Cultural District, the museum will create transformative new opportunities for learning, creativity, and cultural exchange, inspiring future generations to explore their own potential. Here, everyone belongs and can see themselves reflected in the stories the museum tells, engaging with ideas and artistic voices from across the world.”

Dr. Mariët Westermann, Director and CEO of the Solomon R. Guggenheim Foundation, said: “The Guggenheim Foundation is proud and delighted to be a longstanding partner with the Department of Culture and Tourism – Abu Dhabi in shaping a museum of contemporary art of magnificent scope and aspiration. The museum’s art collection is uniquely local and global, centred in the region but with works from all continents. Through the many stories it will tell and invite, Guggenheim Abu Dhabi will be a source of wonder, a hub of connection, and a place of curiosity and joy for people from the United Arab Emirates and the world.”

Envisioned as a platform for dialogue, the museum brings together diverse perspectives across geographies and generations through modern and contemporary art. Spanning a wide range of artistic media including painting, sculpture, installation, photography, moving image, and new media, the museum presents art as a dynamic and evolving conversation across time and place.

Guggenheim Abu Dhabi reflects Abu Dhabi’s role as a catalyst for artistic innovation and creative production, fostering meaningful connections between artists, ideas, and audiences. Placing the visitor at the centre, the museum offers an open exploratory experience, where each journey unfolds across interconnected narratives of time, place, and theme.

Designed by the late Pritzker Architecture Prize Laureate Frank Gehry, the museum is located on Saadiyat Island in Abu Dhabi, a meeting point between land and sea. A rooted architectural landmark that will offer a new perspective and invite visitors to be part of the curatorial journey of the museum.

Extending the visitor journey through interconnected spaces, the architecture of Guggenheim Abu Dhabi is an integral part of the artistic experience. The museum is designed to impress at every level, delivering a powerful presence externally and an immersive experience within. The building features 30 galleries that unfold across the interior, connected by a central atrium and ten sculptural cones that punctuate the building’s dynamic skyline. Nine are clad in stainless steel mesh and one in onyx and glass.

Reaching heights of up to 88 metres, the sculptural cones provide natural ventilation and shade, enhancing the building’s energy efficiency while articulating its bold silhouette. Spanning 11,600 square metres of interior gallery space and 23,000 square metres of outdoor exhibition areas, the landmark encompasses a total built-up area of 80,000 square metres, reinforcing its role as one of the most significant museum developments, suited to the impressive size, variety of media, and experimental character of art since 1960.

Since 2009, Guggenheim Abu Dhabi has been building a growing collection of modern and contemporary art that will reflect and advance Abu Dhabi’s role as a catalyst for creative production and innovation in the arts. Guests will be invited to engage with art on their own terms, shaping individual pathways through galleries that consider major vectors of art since 1960, such as Abstractions, Popular Culture, Land, Language, and Storytelling.

The displays unfold connections across geographies, generations, and artistic practices, and will provide dynamic frameworks for understanding the art of our own time as a source of knowledge, expression and connection while inviting visitors to explore art history through relationships and resonances rather than a linear chronology.

A landmark for Abu Dhabi and the world, the museum will deepen understanding, expand perspectives, and offer new ways to engage with the art of our time, positioning Abu Dhabi at the forefront of global artistic production, discourse, and exchange. More information about the collection and commissions will be announced in the coming months.

Public programming is active and ongoing across the United Arab Emirates. You can join our Guggenheim Abu Dhabi community here.

NOTE TO EDITORS

A full press kit and high-res images are available to download HERE

GUGGENHEIM ABU DHABI IS NOW LIVE on Instagram, YouTube, TikTok, X, Facebook and LinkedIn.

REGISTER YOUR DETAILS TO RECEIVE FUTURE ANNOUNCEMENT

https://guggenheimabudhabi.ae/en 

ABOUT GUGGENHEIM ABU DHABI

Guggenheim Abu Dhabi is a museum of modern and contemporary art that connects cultures, inspires people, and celebrates art from the 1960s to the present, shining a light on artists from around the world. The museum will offer new perspectives on modern and contemporary art from an Abu Dhabi lens through its collection, commissions, research, exhibitions, and multilingual programme. 

Aiming to reflect a transcultural approach, the museum moves beyond chronology and geography to highlight artistic lineages, networks and exchanges. The collection spans a wide range of artistic media, including painting, sculpture, installation, photography, moving image, and new media.

Guggenheim Abu Dhabi places the visitor at the centre of a journey of encounter and exchange with modern and contemporary art. Visitors will be able to navigate their own path of discovery through the museum’s galleries of interconnected time periods, geographies, and themes.

Guggenheim Abu Dhabi is the result of a visionary collaboration between the Department of Culture and Tourism – Abu Dhabi and the Solomon R. Guggenheim Foundation.

Located in the heart of Saadiyat Cultural District, overlooking the sea and designed by acclaimed architect Frank Gehry, Guggenheim Abu Dhabi is an iconic landmark inspired by the architectural forms of the Gulf region. The museum has a total of 11,600 square metres spread across 30 galleries, in addition to 23,000 square metres of exterior exhibition spaces in the cones and terraces surrounding the building.

ABOUT DEPARTMENT OF CULTURE AND TOURISM – ABU DHABI

The Department of Culture and Tourism – Abu Dhabi drives the sustainable growth of Abu Dhabi’s culture and tourism sectors, fuels economic progress and helps achieve Abu Dhabi’s wider global ambitions. By working in partnership with the organisations that define the Emirate’s position as a leading international destination, Department of Culture and Tourism – Abu Dhabi strives to unite the ecosystem around a shared vision of the Emirate’s potential, coordinate effort and investment, deliver innovative solutions, and use the best tools, policies and systems to support the culture and tourism industries.

Department of Culture and Tourism – Abu Dhabi’s vision is defined by the Emirate’s people, heritage and landscape. We work to enhance Abu Dhabi’s status as a place of authenticity, innovation, and unparalleled experiences, represented by its living traditions of hospitality, pioneering initiatives and creative thought.

For more information about the Department of Culture and Tourism – Abu Dhabi and the destination, please visit: dctabudhabi.ae and visitabudhabi.ae and abudhabiculture.ae

ABOUT THE SOLOMON R. GUGGENHEIM FOUNDATION

The Solomon R. Guggenheim Foundation was established in 1937 and is dedicated to promoting the understanding and appreciation of modern and contemporary art through exhibitions, education programs, research initiatives, and publications. Committed to innovation, the Solomon R. Guggenheim Foundation collects, preserves, and interprets modern and contemporary art, and explores ideas across cultures through dynamic curatorial and educational initiatives and collaborations. With its constellation of architecturally and culturally distinct museums, exhibitions, publications, and digital platforms, the foundation engages both local and global audiences. The international constellation of museums includes the Solomon R. Guggenheim Museum, New York; the Peggy Guggenheim Collection, Venice; the Guggenheim Museum Bilbao; and Guggenheim Abu Dhabi. To learn more about the museum and the Guggenheim’s activities around the world, visit guggenheim.org.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/department-of-culture-and-tourism–abu-dhabi-announces-11-december-2026-opening-of-guggenheim-abu-dhabi-302836424.html

Centre Regulates Sugar Stocks to Ensure Smooth Market Availability

New Delhi, July 28: The Centre has introduced stock holding limits for sugar dealers from August 1 to November 30 to ensure steady market supply and prevent unnecessary price fluctuations.

The move is aimed at improving monitoring of sugar availability and preventing excessive stock accumulation by traders during the specified period.

Sugar dealers will be required to maintain stocks within the prescribed limits and provide necessary details as per government guidelines.

Officials said the measure will help maintain a balance between supply and demand while protecting consumer interests and ensuring stability in the sugar market.

The government will continue to monitor market conditions and take appropriate steps to maintain smooth availability of sugar across the country.

1inch launches Aqua to the public, introducing the first shared liquidity layer for DeFi

• Following its developer launch in November 2025, Aqua now offers a risk-controlled alternative to DeFi’s pool-based model.
• 1inch unveils a Merkl-powered liquidity incentive program for Aqua, funded with 10 million 1INCH by the 1inch Foundation and 500k USDC from 1inch DAO.
• Aqua goes live across 13 EVM chains from day one.

ROAD TOWN, British Virgin Islands, July 28, 2026 /PRNewswire/ — 1inch, the leading DeFi ecosystem, announces the full public launch of Aqua, a self-custodial shared liquidity layer that enables liquidity providers to use the same wallet balance across multiple positions without locking assets in liquidity pools.

Following its developer launch in November 2025, Aqua today offers one of the first risk-controlled alternatives to DeFi’s traditional pool-based model, enabling more capital-efficient liquidity provisioning.

1inch Aqua works as a registry: a user connects their wallet to approve a token balance and create liquidity positions that can access that balance. The Aqua protocol tracks that balance, and when it receives a swap order that meets the criteria of the position, it pulls the requested tokens from the wallet and pushes back received tokens and fees in a single atomic transaction. Otherwise, the user’s tokens remain in their wallet and completely under their control.

“The liquidity provisioning space is broken, but you only see how broken once there’s an alternative. Today, that alternative has arrived. With Aqua, liquidity providers no longer have to accept the inefficient pool structure they’ve put up with for years,” said Sergej Kunz, 1inch co-founder. “DeFi doesn’t just need more liquidity. It needs more useful liquidity, active wherever demand appears. We built Aqua so providers get that reach without giving up custody: your tokens stay in your wallet until the moment a swap fills.”

Alongside the product launch, 1inch Network Incentives goes live — a liquidity reward program for Aqua, led by Degensoft Ltd (BVI) and delivered through Merkl. The 1inch Foundation has committed 10 million 1INCH in provider rewards, and a further 500,000 USDC boost from the 1inch DAO. The initiative is designed to accelerate liquidity growth and swap activity across supported pairs. As a result, liquidity providers not only benefit from Aqua’s improved experience but also have the opportunity to earn additional rewards. Program terms, markets and safeguards are set out in the published campaign configuration.

According to 1inch, the current pool based system is a major limiting factor on DeFi’s ability to scale and bring TradFi capital on chain. For liquidity providers, the current model of depositing into pools means handing over custody, while active capital gets spread thin across protocols, pairs and price ranges. The scale of the problem is stark: per on-chain research by Dune commissioned by 1inch, 85% of concentrated liquidity across major DEXs was underutilized in H1 2026, roughly $1.6 billion of the $1.84 billion tracked. That includes about $542 million sitting fully out of range in an average week, resulting in an estimated $150 million in fees foregone per year.

Through Aqua, 1inch is showcasing a more efficient model for shared liquidity, allowing the same wallet balance to back multiple positions simultaneously. Unlike the traditional model, where liquidity must be split across multiple pools and positions, Aqua enables a single balance to support multiple quotes at once. For example, a $100,000 balance can support three positions collectively quoting $300,000 of liquidity, with the potential to quote more. The underlying tokens remain available to every position at all times; nothing is borrowed, and any swap can only execute against the assets actually held in the wallet.

A position on Aqua can be full range, concentrated or pegged, depending on the selected pair and position type. A user can open and close positions themselves, with no lock-up. Their exposure is capped by the tokens they actually hold, not by the theoretical combined size of every position they create. If their wallet cannot cover a swap, Aqua simply does not call on their tokens.

From today, users can create positions across 13 EVM chains, including Ethereum, Arbitrum, Base, Robinhood Chain and BNB Chain. Aqua also launches with a number of additional functionalities, including a liquidity leaderboard, an incentives screen, liquidity map visualizations, batch position creation, provider profiles with cross-chain positions, sub-wallets, and an AI-assisted liquidity provisioning flow via the 1inch Business MCP with safe batch deployment, coming soon.

Aqua has undergone eight independent security audits conducted by OpenZeppelin, Bailsec, Hashlock, Hexens, MixBytes, Nethermind, Theori, and Decurity. Combined with its fully self-custodial design, which never holds user tokens, a swap can only move assets that are actually in the provider’s wallet at the moment it fills. Revocation stops new fills as soon as it confirms on-chain. Aqua is also protected from JIT fee sniping by design, as each position has a single owner, thus there is no shared fee moment bots can capitalize on. While Aqua’s design keeps exposure bounded and providers in control of their own tokens, swap fees are not guaranteed, prices can move against a position (impermanent loss), and providers bear market and smart-contract risk.

Image here

Gif here

About 1inch

1inch accelerates decentralized finance with a seamless crypto trading experience for 27M users. Beyond being the top platform for low-cost, efficient token swaps with $100M+ in daily trades, 1inch offers a range of innovative tools, including a secure self-custodial wallet, a portfolio tracker for managing digital assets, a dedicated business portal giving access to its cutting-edge technology, and even a debit card for easy crypto spending. By continuously innovating, 1inch is simplifying DeFi for everyone.

Website | 1inch Business | 1inch Network | Follow on X | Explore Blog

Aqua involves risk, including loss of funds. It’s built for experienced users — do your own research. Not financial advice. Incentive rewards are variable, not guaranteed, and subject to the program’s published terms.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/1inch-launches-aqua-to-the-public-introducing-the-first-shared-liquidity-layer-for-defi-302835072.html

SBI Life Insurance registers New Business Premium of ₹8,908 crores for the period ended on 30th June, 2026

MUMBAI, India, July 28, 2026 /PRNewswire/ — SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of ₹8,908 crores for the period ended on 30^th June, 2026 vis-a-vis ₹7,268 crores for the period ended 30^th June, 2025. Regular premium has increased by 40% over the period ended on 30^th June, 2025.

Establishing a clear focus on protection, SBI Life’s protection new business premium stood at ₹1,958 crores for the period ended 30^th June, 2026, marking a growth of 100%. Protection Individual new business premium registered a growth of 22% and stood at ₹202 crores for the period ended 30^th June, 2026. Individual New Business Premium stands at ₹5,613 crores with 14% growth over the period ended on 30^th June, 2025.

SBI Life’s profit after tax stands at ₹725 crores for the period ended 30^th June, 2026 with a growth of 22% over the period ended on 30^th June, 2025.

The company’s solvency ratio continues to remain robust at 1.96 as on 30^th June, 2026 as against the regulatory requirement of 1.50.

SBI Life’s AUM also continued to grow at 10% to ₹5,24,850 crores as on 30^th June, 2026 from ₹4,75,813 crores as on 30^th June, 2025, with the debt-equity mix of 60:40. 94% of the debt investments are in AAA and Sovereign instruments.

The company has a diversified distribution network of 3,71,935 trained insurance professionals and wide presence with 1,241 offices across the country, comprising of strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, Point of sale persons (POS), insurance marketing firms, web aggregators and direct business.

Performance for the period ended June 30, 2026

• Private Market leadership in Individual New Business Premium and Individual Rated Premium with market share of 24.9% & 22.2% respectively.
• Annualized Premium Equivalent (APE) stands at ₹ 5,379 crores with growth of 36%
• Total New Business Sum Assured stands at ₹ 8,50,025 crores with 211% growth
• Improvement in 13M & 49M persistency by 61 bps & 68 bps respectively
• Value of New Business (VoNB) stands at ₹ 1,408 crores with growth of 29%
• VoNB Margin stands at 26.2%
• Indian Embedded value (IEV) stands at ₹ 85,293 crores with 15% growth
• Profit After Tax (PAT) stands at ₹ 725 crores with 22% growth
• Robust Solvency ratio of 1.96
• Assets under Management stands at ₹ 5,24,850 crores with 10% growth

Disclaimer

Except for the historical information contained herein, statements in this release which contain words or phrases such as ‘will’, ‘expected to’, etc., and similar expressions or variations of such expressions may constitute ‘forward-looking statements’. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the actual growth in demand for insurance and other financial products and services in the countries that we operate or where a material number of our customers reside, our ability to successfully implement our strategy, including our use of the Internet and other technology our exploration of merger and acquisition opportunities, our ability to integrate mergers or acquisitions into our operations and manage the risks associated with such acquisitions to achieve our strategic and financial objectives, our growth and expansion in domestic and overseas markets, technological changes, our ability to market new products, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to implement our dividend policy, the impact of changes in insurance regulations and other regulatory changes in India and other jurisdictions on us. SBI Life Insurance Company Limited undertakes no obligation to update forward looking statements to reflect events or circumstances after the date thereof.

This release does not constitute an offer of securities.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/sbi-life-insurance-registers-new-business-premium-of-8-908-crores-for-the-period-ended-on-30th-june-2026–302836348.html

SBI Life Insurance registers New Business Premium of ₹8,908 crores for the period ended on 30th June, 2026

MUMBAI, India, July 28, 2026 /PRNewswire/ — SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of ₹8,908 crores for the period ended on 30^th June, 2026 vis-a-vis ₹7,268 crores for the period ended 30^th June, 2025. Regular premium has increased by 40% over the period ended on 30^th June, 2025.

Establishing a clear focus on protection, SBI Life’s protection new business premium stood at ₹1,958 crores for the period ended 30^th June, 2026, marking a growth of 100%. Protection Individual new business premium registered a growth of 22% and stood at ₹202 crores for the period ended 30^th June, 2026. Individual New Business Premium stands at ₹5,613 crores with 14% growth over the period ended on 30^th June, 2025.

SBI Life’s profit after tax stands at ₹725 crores for the period ended 30^th June, 2026 with a growth of 22% over the period ended on 30^th June, 2025.

The company’s solvency ratio continues to remain robust at 1.96 as on 30^th June, 2026 as against the regulatory requirement of 1.50.

SBI Life’s AUM also continued to grow at 10% to ₹5,24,850 crores as on 30^th June, 2026 from ₹4,75,813 crores as on 30^th June, 2025, with the debt-equity mix of 60:40. 94% of the debt investments are in AAA and Sovereign instruments.

The company has a diversified distribution network of 3,71,935 trained insurance professionals and wide presence with 1,241 offices across the country, comprising of strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, Point of sale persons (POS), insurance marketing firms, web aggregators and direct business.

Performance for the period ended June 30, 2026

• Private Market leadership in Individual New Business Premium and Individual Rated Premium with market share of 24.9% & 22.2% respectively.
• Annualized Premium Equivalent (APE) stands at ₹ 5,379 crores with growth of 36%
• Total New Business Sum Assured stands at ₹ 8,50,025 crores with 211% growth
• Improvement in 13M & 49M persistency by 61 bps & 68 bps respectively
• Value of New Business (VoNB) stands at ₹ 1,408 crores with growth of 29%
• VoNB Margin stands at 26.2%
• Indian Embedded value (IEV) stands at ₹ 85,293 crores with 15% growth
• Profit After Tax (PAT) stands at ₹ 725 crores with 22% growth
• Robust Solvency ratio of 1.96
• Assets under Management stands at ₹ 5,24,850 crores with 10% growth

Disclaimer

Except for the historical information contained herein, statements in this release which contain words or phrases such as ‘will’, ‘expected to’, etc., and similar expressions or variations of such expressions may constitute ‘forward-looking statements’. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the actual growth in demand for insurance and other financial products and services in the countries that we operate or where a material number of our customers reside, our ability to successfully implement our strategy, including our use of the Internet and other technology our exploration of merger and acquisition opportunities, our ability to integrate mergers or acquisitions into our operations and manage the risks associated with such acquisitions to achieve our strategic and financial objectives, our growth and expansion in domestic and overseas markets, technological changes, our ability to market new products, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to implement our dividend policy, the impact of changes in insurance regulations and other regulatory changes in India and other jurisdictions on us. SBI Life Insurance Company Limited undertakes no obligation to update forward looking statements to reflect events or circumstances after the date thereof.

This release does not constitute an offer of securities.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/sbi-life-insurance-registers-new-business-premium-of-8-908-crores-for-the-period-ended-on-30th-june-2026–302836348.html

SBI Life Insurance registers New Business Premium of ₹8,908 crores for the period ended on 30th June, 2026

MUMBAI, India, July 28, 2026 /PRNewswire/ — SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of ₹8,908 crores for the period ended on 30^th June, 2026 vis-a-vis ₹7,268 crores for the period ended 30^th June, 2025. Regular premium has increased by 40% over the period ended on 30^th June, 2025.

Establishing a clear focus on protection, SBI Life’s protection new business premium stood at ₹1,958 crores for the period ended 30^th June, 2026, marking a growth of 100%. Protection Individual new business premium registered a growth of 22% and stood at ₹202 crores for the period ended 30^th June, 2026. Individual New Business Premium stands at ₹5,613 crores with 14% growth over the period ended on 30^th June, 2025.

SBI Life’s profit after tax stands at ₹725 crores for the period ended 30^th June, 2026 with a growth of 22% over the period ended on 30^th June, 2025.

The company’s solvency ratio continues to remain robust at 1.96 as on 30^th June, 2026 as against the regulatory requirement of 1.50.

SBI Life’s AUM also continued to grow at 10% to ₹5,24,850 crores as on 30^th June, 2026 from ₹4,75,813 crores as on 30^th June, 2025, with the debt-equity mix of 60:40. 94% of the debt investments are in AAA and Sovereign instruments.

The company has a diversified distribution network of 3,71,935 trained insurance professionals and wide presence with 1,241 offices across the country, comprising of strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, Point of sale persons (POS), insurance marketing firms, web aggregators and direct business.

Performance for the period ended June 30, 2026

• Private Market leadership in Individual New Business Premium and Individual Rated Premium with market share of 24.9% & 22.2% respectively.
• Annualized Premium Equivalent (APE) stands at ₹ 5,379 crores with growth of 36%
• Total New Business Sum Assured stands at ₹ 8,50,025 crores with 211% growth
• Improvement in 13M & 49M persistency by 61 bps & 68 bps respectively
• Value of New Business (VoNB) stands at ₹ 1,408 crores with growth of 29%
• VoNB Margin stands at 26.2%
• Indian Embedded value (IEV) stands at ₹ 85,293 crores with 15% growth
• Profit After Tax (PAT) stands at ₹ 725 crores with 22% growth
• Robust Solvency ratio of 1.96
• Assets under Management stands at ₹ 5,24,850 crores with 10% growth

Disclaimer

Except for the historical information contained herein, statements in this release which contain words or phrases such as ‘will’, ‘expected to’, etc., and similar expressions or variations of such expressions may constitute ‘forward-looking statements’. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the actual growth in demand for insurance and other financial products and services in the countries that we operate or where a material number of our customers reside, our ability to successfully implement our strategy, including our use of the Internet and other technology our exploration of merger and acquisition opportunities, our ability to integrate mergers or acquisitions into our operations and manage the risks associated with such acquisitions to achieve our strategic and financial objectives, our growth and expansion in domestic and overseas markets, technological changes, our ability to market new products, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to implement our dividend policy, the impact of changes in insurance regulations and other regulatory changes in India and other jurisdictions on us. SBI Life Insurance Company Limited undertakes no obligation to update forward looking statements to reflect events or circumstances after the date thereof.

This release does not constitute an offer of securities.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/sbi-life-insurance-registers-new-business-premium-of-8-908-crores-for-the-period-ended-on-30th-june-2026–302836348.html

New Milestone for Mysuru as Viveka Smaraka Set for Inauguration

Mysuru, July 28: Mysuru is set to witness the inauguration of Viveka Smaraka on August 1, marking the addition of a new landmark dedicated to inspiring people through the values of knowledge, service, and cultural heritage.

Prime Minister Narendra Modi will inaugurate the memorial, which is expected to become a place of learning and reflection while showcasing India’s rich traditions and inspiring legacy.

The initiative aims to preserve and promote values associated with social service, spirituality, and nation-building, providing visitors with an opportunity to connect with India’s cultural roots.

Officials said the memorial will further enhance Mysuru’s identity as a major cultural destination and attract visitors interested in heritage and history.

The inauguration is expected to bring together dignitaries, officials, and citizens, highlighting the importance of preserving institutions that inspire future generations.

The Viveka Smaraka is set to become another significant addition to Mysuru’s heritage landscape, encouraging awareness, learning, and appreciation of India’s cultural values.

Chandigarh University Researchers Develop an Economical Device for Accurate Drug Absorption Studies; to Help in Reducing Cost of Medicines by 40%

Chandigarh University researchers get patent for an energy-efficient, economical device for accurate drug absorption studies

CHANDIGARH, India, July 28, 2026 /PRNewswire/ — A team of researchers at Chandigarh University has developed an innovative laboratory device that could significantly improve the way oral medicines are tested during development, enabling more accurate, reliable and cost-effective drug absorption studies that can ultimately support the development of safer and more effective medicines. By addressing several long-standing limitations in conventional drug absorption equipment, the innovation enables researchers to generate more dependable experimental data while reducing the likelihood of failed studies, repeated experiments and unnecessary research costs. The improved version of the apparatus also reduces the size and complexity of the conventional equipment, resulting in a 40 per cent reduction in operational costs and making a low-cost version of the device available for pharmaceutical research and routine laboratory use.

Recognizing the novelty and practical significance of the innovation, the Indian Patent Office has granted the Chandigarh University researchers a patent for their invention titled ‘Improved Oral Drug Absorption Study Cell’. The innovation, developed by Chandigarh University researchers, Prof. (Dr.) S.S. Sehgal and Prof. (Dr.) Manish Goswami (former professor at University Institute of Pharmaceutical Sciences), Chandigarh University, has been granted a patent by the Indian Patent Office for its novel design. The patented device introduces engineering improvements that overcome several limitations of the conventional drug absorption apparatus while remaining simple to manufacture, economical to operate and suitable for routine laboratory use.

The reliable drug absorption studies form the foundation of oral medicine development, helping scientists determine whether a medicine administered orally can efficiently cross the intestinal barrier and enter the bloodstream before it progresses to advanced stages of research. More accurate laboratory data allows researchers to optimise formulations much earlier in the development cycle, reducing uncertainty before medicines move to expensive pre-clinical and clinical evaluation while strengthening confidence in pharmaceutical research.

Sharing details and significance of the innovation, Prof. (Dr.) S.S. Sehgal said, “Drug absorption studies are among the most important stages in oral drug development because they help scientists understand how efficiently a medicine is likely to be absorbed before it progresses to advanced stages of research. The conventional drug absorption equipment offer very limited space, forcing researchers to fold the everted intestinal tissue inside the chamber. This places unnecessary stress on the tissue, affects its natural positioning and can result in variability into the drug experimental observations. In many cases, tissue damage or improper placement can even result in experimental failure that forces researchers to repeat the study and increase both development time and research costs.”

Prof. Sehgal added, “Instead of altering the testing methodology, we redesigned the apparatus to address the limitations of conventional systems. By introducing an extended side arm, our equipment allows the tissue to remain in a natural U-shaped position helping in proper drug absorption to occur under consistent conditions. Along with improved temperature uniformity, better mixing of the drug solution and greater operational stability, the redesigned apparatus helps generate more accurate and reproducible data that can improve the evaluation of oral drug formulations.”

Highlighting the broader impact of the invention, Prof. (Dr.) Manish Goswami said, “Scientific progress is often driven by improving the tools researchers use every day. Even relatively small improvements in laboratory equipment can have a significant impact on the quality of research data. By making drug absorption studies more reliable and easier to perform, this innovation can support pharmaceutical scientists in developing better oral formulations and ultimately contribute to medicines that offer greater therapeutic effectiveness for patients.”

Elaborating on the improvements, Dr. Manish Goswami said, “Our objective was to improve the reliability of the experiment through a simple yet effective engineering solution. One of the biggest advantages of this innovation is that it minimizes variations during sample collection, making drug absorption studies more reliable and consistent. The device features a compact design built using laboratory-grade materials such as borosilicate and Teflon-coated glass to ensure durability and precision. At the same time, its optimized architecture reduces the overall size of the apparatus, simplifies fabrication and handling, and lowers operational costs by 40 per cent, making it an economical solution for pharmaceutical research. These improvements create more consistent and reproducible experimental conditions, enabling researchers to generate higher-quality data without adding complexity to the procedure.”

The innovation is expected to benefit through its application in pharmaceutical industry, drug discovery and development sector, pharmaceutical R&D centres, Contract Research Organizations (CROs), Clinical Research Organizations (CROs), universities and pharmacy colleges, government research laboratories and regulatory testing laboratories where drug absorption studies are routinely carried out for formulation development, pre-clinical research and evaluation of oral medicines.

Apart from improving the experimental accuracy, the redesigned apparatus also reduces operational complexity by eliminating the need for extra heating arrangements. Its simplified design lowers energy requirements, improves laboratory efficiency and reduces overall operating costs, making it suitable for routine use across pharmaceutical laboratories, academic institutions and research organisations.

With oral medicines accounting for the majority of pharmaceutical formulations used worldwide, improvements in early-stage drug absorption studies can strengthen the entire drug development process. By enabling more reliable laboratory testing while reducing time, cost and experimental variability, Chandigarh University’s patented innovation has the potential to support faster formulation optimisation, improve pharmaceutical research and contribute to the development of safer, more effective oral medicines for patients across the globe.

About Chandigarh University

Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC.

Website address: https://www.cuchd.in/

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/chandigarh-university-researchers-develop-an-economical-device-for-accurate-drug-absorption-studies-to-help-in-reducing-cost-of-medicines-by-40-302836315.html

Flipster Secures VARA Full Operational Exchange License, Advancing Regulated Crypto Services in the UAE

DUBAI, UAE, July 28, 2026 /PRNewswire/ — Flipster, a global cryptocurrency trading platform, has secured a full operational Exchange license (License No. VL/26/07/002) from Dubai’s Virtual Assets Regulatory Authority (VARA) under Flipster FZE. This milestone enables Flipster to officially launch regulated virtual asset services in the region and marks a significant step in its global expansion strategy.

With this license, Flipster FZE is authorized to onboard customers in the UAE, with plans to gradually expand access to a broader global user base. Flipster offers access to real world asset perpetuals in supported jurisdictions, giving users trading exposure to both digital and traditional asset classes. The initial offering will focus on spot trading, forming the foundation of Flipster’s regulated product suite.

This approval marks Flipster’s transition from regulatory readiness and in-principle approval to full operational capability under VARA’s framework, one of the most comprehensive and globally recognized regulatory regimes for digital assets.

Operating under VARA’s framework allows Flipster to provide a more secure and transparent trading environment, supported by robust standards for custody, governance, and compliance. This reinforces the platform’s commitment to safeguarding users while providing reliable access to digital assets.

And it also reflects Flipster’s commitment to meeting the highest standards in global finance. Flipster believes regulation is essential to building long-term trust, and VARA sets a strong benchmark for balancing innovation with investor protection.

Flipster first announced its entry into the Middle East in May 2025 with the appointment of Benjamin Grolimund as General Manager of Flipster FZE. Securing the full operational license marks the next phase of this expansion, as the company moves from market entry to delivering regulated services in one of the world’s most advanced digital asset ecosystems.

About Flipster

Flipster is a leading cryptocurrency trading platform, founded in 2023. It is designed by traders, for traders. With deep liquidity, industry-leading leverage, and wide coverage across global markets, Flipster is built for every trading style and gives traders the flexibility to seize opportunities wherever they emerge. Flipster offers access to real world asset perpetuals in supported jurisdictions, giving users trading exposure to both digital and traditional asset classes from a single platform. Learn more at flipster.io or follow X.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/flipster-secures-vara-full-operational-exchange-license-advancing-regulated-crypto-services-in-the-uae-302836322.html

Indian Railways Sanctions INR 163 Crore Project to Modernise Nanded Division

New Delhi, July 28: Indian Railways has approved a ₹163 crore infrastructure project to upgrade the electric traction system in the Nanded division, marking a significant step towards improving rail operations and network efficiency.

The project will modernise the division’s electric traction infrastructure, helping enhance train movement, improve operational reliability, and strengthen the capacity of the railway network.

Railway officials said the upgrade is expected to support faster and more efficient passenger and freight services while improving energy efficiency and reducing maintenance requirements.

The investment is part of Indian Railways’ broader modernisation drive to build a safer, smarter, and more sustainable rail network across the country.

The project is also expected to improve regional connectivity, strengthen logistics, and support economic activity by enhancing the overall performance of the railway system.

The approval reflects the government’s continued focus on expanding world-class railway infrastructure to meet India’s growing transportation and freight requirements.