Deep Depression Moves Slowly Towards Coast, Likely to Cross North AP-South Odisha Tonight: IMD

Bhubaneswar, Sept. 23 (UDN): The Deep Depression over the westcentral and adjoining northwest Bay of Bengal is advancing slowly towards the coast and is expected to cross the North Andhra Pradesh–South Odisha coast later on Wednesday, the India Meteorological Department (IMD) said.

 Representational Image 

According to the latest IMD bulletin, the system moved westward at a speed of around 5 kmph during the past six hours and remained centred over the westcentral Bay of Bengal.

System Nears Kalingapatnam

The Deep Depression was located near latitude 18.0°N and longitude 84.6°E, the weather agency said.

At the time of the bulletin, the system was positioned approximately 60 km southeast of Kalingapatnam in Andhra Pradesh, 140 km east-northeast of Visakhapatnam, 150 km south of Gopalpur in Odisha and around 240 km south-southwest of Puri.

Landfall Expected Tonight

The IMD said the system is likely to continue moving west-northwestwards and cross the North Andhra Pradesh–South Odisha coasts between Visakhapatnam and Gopalpur.

The system is expected to make landfall close to Kalingapatnam as a Deep Depression by Wednesday night.

With the weather system approaching the coast, coastal districts of Odisha and adjoining areas are likely to remain under the influence of unsettled weather conditions. Authorities and residents in vulnerable areas have been advised to remain alert and follow official weather updates.

Rough Sea Forces 28 Andhra Fishing Trawlers to Take Shelter at Paradip Port

Paradip, Sept. 23 (UDN): Rough sea conditions along the Odisha coast have forced 28 fishing trawlers carrying 248 fishermen from Andhra Pradesh to seek refuge at Paradip Port as the weather system over the Bay of Bengal intensifies.

 Representational Image 

The trawlers were unable to safely return to their home state amid deteriorating sea conditions. The Paradip Port Authority has allowed the vessels to take shelter inside the harbour as a precautionary measure.

The fishermen and their boats have been accommodated at the EQ-1 berth, where they will remain until conditions at sea improve.

Ship Movement Restricted

With the sea remaining rough, Signal No. 3 continues to be in force at Paradip Port.

As part of the precautionary measures, restrictions have been placed on the entry of ships into the harbour. Vessels currently engaged in cargo-handling operations have been directed to complete their work and move to a safe location at sea.

Port authorities have also begun arrangements to move ships out of the harbour in view of the prevailing weather conditions.

Port Authorities Keep Watch

Officials are maintaining close surveillance of the weather and sea conditions and are coordinating safety measures in response to updates from the meteorological authorities.

Further decisions regarding vessel movement and other port operations will be taken depending on the intensity and movement of the weather system.

The sheltering of the Andhra fishing boats comes as a Deep Depression over the Bay of Bengal approaches the north Andhra Pradesh–south Odisha coast, with the India Meteorological Department forecasting heavy rain and strong winds in parts of the region.

For the fishermen taking shelter at Paradip, the immediate priority remains safety until the sea conditions become favourable for their return journey.

Choice Equity Broking Launches Trader Mode on Choice FinX, Bringing Advanced Execution Tools to Active Traders

This feature brings Price ladder-based trading, rule-based execution, chart-based orders and options strategy capabilities into a unified trading experience

MUMBAI, India, Sept. 23, 2026 /PRNewswire/ — Choice, one of India’s leading financial services conglomerate, today announced the launch of Trader Mode, an advanced execution feature within its flagship trading and investment platform, Choice FinX.

Designed for active and professional traders, Trader Mode brings together multiple execution and trading capabilities within a single interface, helping simplify workflows that can otherwise require traders to navigate across different screens and tools.

For most F&O traders, the biggest roadblock is complexity and fragmentation. Traders constantly juggle between multiple tabs — charts, option chains, payoff calculators, order windows, and watchlists. Risk management features like BO/CO or slicing are often locked behind expensive third-party platforms. This results in lost time, missed opportunities, and costly execution errors.

Trader Mode on Choice FinX has been designed around this workflow — bringing execution-focused tools together so traders can access them from a single platform. It is designed to solve the long-standing challenges of complexity, fragmentation, and accessibility in derivatives trading, Trader Mode delivers professional-grade tools to every Choice FinX user — at zero additional cost

Key Features of Trader Mode

Price Ladder — Execute Directly from Live Price Levels

The Price Ladder provides a price-level view through which traders can place, modify and cancel orders. It also supports drag-and-drop order modification, along with Bracket Orders and Cover Orders, helping streamline order management within the same interface.

Price Ladder XY — Build Options Strategies Around Futures Levels

Price Ladder XY allows traders to define options strategies around selected futures price levels. When the specified futures level is reached, the associated strategy can be initiated based on the parameters defined by the user, reducing the need for continuous manual monitoring.

GROT Scalping — Rule-Based Execution

GROT enables traders to set predefined execution logic for different market scenarios, including bullish, bearish and sideways conditions. By allowing parameters to be defined in advance, the feature is designed to simplify the execution of rule-based trading approaches.

Chart-Based Buy & Sell — Trade Directly from Charts

With chart-based order placement, users can place buy and sell orders directly from live charts. This connects market analysis and order placement within the same interface, reducing the need to move between separate screens during the trading process.

Dual charts, tab-based: Two tradable charts on one screen, with browser-style tabs to switch instruments fast.

Modify orders by drag and drop: Move a working order to a new price by dragging it on the chart.

Instant option surfing: Jump across strikes, expiries, and CE, PE, FUT, and Spot without leaving the screen.

Strengthening Choice FinX as a Technology-Led Trading Platform

The launch of Trader Mode feature marks another step in Choice’s efforts to build a technology-led trading ecosystem around the evolving needs of active market participants.

By bringing ladder-based execution, rule-based trading, chart-based order placement and options-focused capabilities into one platform, Trader Mode aims to make sophisticated trading workflows more streamlined and accessible.

Trader Mode is not positioned as a separate trading destination, but as an extension of the Choice FinX experience — bringing more tools, more flexibility and a more connected execution workflow to Professional traders within the platform.

 “Trading is not only about identifying an opportunity; it is also about how efficiently and consistently a trader can implement a strategy. With Trader Mode, our focus is to simplify the execution workflow by bringing advanced tools into one integrated experience. We want traders to have greater flexibility in how they monitor markets, structure strategies and place orders, without having to depend on multiple disconnected tools,” said Arun Poddar, CEO, Choice International Limited.

About Choice FinX

Choice FinX is a full-service stock-trading and investment app from Choice Equity Broking. It allows users to trade across all major segments including equity delivery, intraday, F&O, currency, and commodities. Investors can open a free demat account and enjoy zero AMC for the first year. With 100+ charting studies, option-chain analysis, watchlists, and expert research recommendations, the app caters to both beginners and seasoned traders. Available on Android (Google Play Store) and iOS (App Store).

Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investing.

Choice Equity Broking Private Limited: SEBI Reg No. Broking – INZ000160131 (BSE – 3299) | (NSE – 13773) | (MCX – 40585 ) | (NCDEX – 01006).

Depository Participant SEBI Reg. No. – IN – DP – 84 – 2015 , DP ID CDSL – 12066900 , NSDL ID – IN301895. Research Analyst – INH000000222 CIN: U65999MH2010PTC198714

Reg. Address: Sunil Patodia Tower, J B Nagar, Andheri (East), Mumbai 400099. Tel No. 022-6707 9999.

Compliance Officer: Mr. Prashant Salian, Tel. 022-67079999 – Ext-2310 Email- Prashant.salian@choiceindia.com 

Grievance officer: Deepika Singhvi, Tel. 022-67079999 – Ext-834.Email- ig@choiceindia.com 

For further disclaimer/disclosure visit www.choiceindia.com 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/choice-equity-broking-launches-trader-mode-on-choice-finx-bringing-advanced-execution-tools-to-active-traders-302887361.html

Co-Creating Future Transit Value: CRRC Brings Three Full-Size Trains and End-to-End Solutions to InnoTrans 2026

BERLIN, Sept. 23, 2026 /PRNewswire/ — CRRC, the world’s largest rail equipment manufacturer, opened its InnoTrans 2026 showcase with the global debut of three new full-size vehicles and a comprehensive suite of system-level solutions, offering the industry a broader set of options for cleaner, smarter rail operations.

Three Flagship Vehicles Take Center Stage

On the exhibition’s opening day, CRRC unveiled three full-size vehicles for the global market: a digital-intelligent metro train, a hydrogen fuel-cell hybrid locomotive, and an intelligent flat wagon, spanning urban transit, mainline railways, and freight logistics. Centered on green and intelligent core technologies, the three vehicles showcase CRRC’s equipment innovation strengths across diverse scenarios and a full product portfolio.

At the ceremony, CRRC launched the VELLINK urban rail platform, which features premium standardized metro trains and intelligent regional commuter trains. The flagship model is a digital-intelligent metro train, representing the industry’s first application of embodied AI in mass transit. Equipped with integrated multi-source sensors, the train creates an integrated sensing network to monitor tracks and identify potential failures in real time, reducing lifecycle maintenance costs. Furthermore, lightweight materials and deep system integration reduce total vehicle weight by approximately 18%, cutting energy consumption by more than 10% compared with conventional vehicles. The train’s industrial design has won the international iF Design Award. Features including floor-to-ceiling panoramic windows, a starlit ceiling, and rotatable seating effectively elevate the passenger travel experience.

At the outdoor exhibition area, CRRC also displayed its VELFORCE hydrogen fuel-cell hybrid locomotive, rated at 2,000 kW. Powered by a parallel dual-stack fuel-cell system delivering 400 kW, it can be refueled in just 15 to 20 minutes and achieves a hydrogen utilization rate exceeding 98%. Its deep-learning-based intelligent driving platform integrates data from multiple sensors to provide 360-degree environmental awareness and intelligent decision-making capabilities, making the locomotive a zero-emission option for regional freight routes that are not fully electrified.

For freight yard shunting and intermodal operations, CRRC introduced the MAGIX intelligent flat wagon. Weighing only 17 metric tons while supporting a 73-metric-ton load capacity, the wagon reduces energy consumption through its lightweight structural design. It combines modularity, automation, sustainability, and intelligent technology with a high degree of operational flexibility, transforming conventional freight equipment into a cost-effective, lower-impact solution for short-haul and terminal logistics.

Integrated Solutions for Future Mobility

During the exhibition, CRRC also hosted a series of technology launch events and open forums, providing customers and partners from around the world with opportunities for direct dialogue.

Aligning with global trends in the transformation of the transit industry, CRRC drives low-carbon technology across its intelligent product matrix, using a cloud-edge-end collaborative technical system to accelerate intelligent transit. Leveraging its international benchmark projects, CRRC delivers end-to-end solutions while deploying its self-developed AIZOR large AI model across equipment R&D, manufacturing, and maintenance. Through these innovations, CRRC optimizes resource allocation and enhances network operational efficiency worldwide.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/co-creating-future-transit-value-crrc-brings-three-full-size-trains-and-end-to-end-solutions-to-innotrans-2026-302887366.html

Novotel Visakhapatnam Varun Beach Named Iconic 5-Star Deluxe Hotel 2026 at Times Business Awards

Sep 23: Novotel Visakhapatnam Varun Beach, Varun Hospitality’s flagship beachfront hotel managed by Accor, has been recognised as “Iconic 5-Star Deluxe Hotel 2026” at the Times Business Awards 2026, reinforcing its position as one of Visakhapatnam’s leading premium hospitality destinations for business, leisure, MICE and social events.

Located on R.K. Beach Road with views of the Bay of Bengal, the hotel has become a key address in the city’s hospitality landscape, catering to corporate travellers, leisure guests, destination weddings, conferences and social celebrations. The recognition highlights the hotel’s role in strengthening Visakhapatnam’s appeal as an emerging coastal business and tourism hub, supported by its beachfront location, service standards and integrated facilities.

The award was presented at the Times Business Awards ceremony in the presence of actor and philanthropist Sonu Sood, Guest of Honour. Mr. Nitin Gosain, Director of Rooms, Novotel Visakhapatnam Varun Beach, accepted the award on behalf of the hotel.

Commenting on the recognition, Mr. Nitin Gosain, Director of Rooms, Novotel Visakhapatnam Varun Beach, said:

 “This recognition is a proud milestone for Novotel Visakhapatnam Varun Beach and a testament to the consistency, commitment and guest focus demonstrated by our team. As the city continues to attract travellers for business, leisure and celebrations, we remain focused on delivering experiences that reflect both the warmth of Andhra Pradesh and the service standards of the Novotel brand.”

Ms. Lakshmi Sridhar, General Manager, Novotel Visakhapatnam Varun Beach and The Bheemili Resort Managed by Accor, said:

 “The award reflects the trust of our guests, the dedication of our colleagues and the strength of Visakhapatnam as a growing hospitality market. Novotel Visakhapatnam Varun Beach has played an important role in shaping premium accommodation, dining and event experiences in the city, and this recognition encourages us to continue building on that momentum.”

With 225 ocean-view rooms, the hotel offers a comprehensive hospitality proposition spanning accommodation, dining, wellness and events. Facilities include multiple dining venues, a bar, swimming pool, fitness and wellness amenities, a rooftop jogging track, and indoor and outdoor venues for conferences, weddings and social gatherings. The property also brings regional identity into the guest experience through Andhra Pradesh-inspired flavours and culinary traditions, alongside the international standards associated with Accor’s Novotel brand.

The “Iconic 5-Star Deluxe Hotel 2026” recognition further strengthens Novotel Visakhapatnam Varun Beach’s standing in the region’s hospitality sector and underlines its continued contribution to Visakhapatnam’s growth as a destination for business travel, leisure, celebrations and large-format events.

Cruise Money showcases India’s first agentic card – an AI money companion that plans, decides & pays on the user’s behalf

At Global Fintech Fest 2026, Cruise Money previewed a card that doesn’t just spend within a limit – it decides how to spend, executed through a single chat-based consent flow.

MUMBAI, India, Sept. 23, 2026 /PRNewswire/ — Cruise Money has showcased an agentic payments card that turns its AI money companion into a full money manager — one that optimises a user’s investments, plans their purchases, and now executes them, within limits and guardrails the user sets once in a single conversational flow.

The agentic card involves a virtual prepaid card that will be issued by LivQuik Technology (India) Private Limited, and was shown for the first time at Global Fintech Fest 2026 at the Jio World Convention Centre in Mumbai. While LivQuik is the card issuer, M2P Fintech is the technology partner providing the API infrastructure.

Beyond spend limits: a card that makes the money decision for the user

Most agentic payment products announced globally over the past eighteen months share the same design: a user types a number, and the AI spends up to it. Cruise Money goes further on two fronts. First, the limit itself isn’t guessed — it’s calculated. Cruise’s Safe to Spend figure is derived continuously from a user’s income, committed bills, EMIs, investments, emergency reserves and savings goals. Second, and new to this: once a budget and guardrails are set, the agent doesn’t just spend within them — it decides how. The Cruise agentic card layer is being built to orchestrate each payment across a user’s permitted funding sources, choosing whichever mix produces the best outcome for that person — cash flow preserved or rewards optimised, depending on what matters most to them. At preview, the card runs on a single prepaid funding source, with multi-source orchestration to follow as approvals allow.

“The interesting question was never whether an AI could complete a payment. It was whether it should — and increasingly, how,” said Vinay Bharathwaj, Founder & CEO, Cruise Money. “Most agentic cards are handed a budget by a person who is guessing. Ours works the budget out from what’s actually in the account, what’s already committed and what the person is saving toward — and then thinks the way a good money manager would: how to use credit, how to use debit, when to hold back. Over time, the line between one kind of card and another stops mattering, because the card itself is deciding. That’s the agentic card — spending is the easy part; the decision-making is the product.” 

One conversation, one consent, every purchase. The entire experience runs through a single chat-based flow. A user tells Cruise what they want — set a monthly budget, allocate money toward a goal, book a flight, order groceries — and Cruise proposes a mandate: an amount, a category, a validity period, and an approval threshold. The user approves it once, in that same conversation.

A virtual card is then issued that only that agent can use, only within those boundaries. From there, the agent can act across a growing range of use cases beyond recurring bills and goal-based saving, including:

• Flight and hotel bookings
• Grocery and everyday essentials ordering
• Recurring subscriptions and utility payments

Every transaction is bound to a registered agent identity, and the demonstrated flow includes an explicit stop: when a purchase would draw against a user’s savings goal, the agent declines and returns to the user rather than proceeding.

“As the regulated issuer behind this card, our focus is on making sure agent-initiated payments are held to the same standard as any other transaction — the agent is certified, its intent is matched against authentication, and every action leaves an auditable trail. We’re glad to partner with Cruise Money on a product that treats those controls as the foundation, not an afterthought,” Bhargav Padh, Chief Executive Officer, LivQuik Technology (India) Private Limited said. 

“Agentic commerce represents the next major evolution of digital payments. As AI agents become trusted participants in commerce, the industry needs payment infrastructure that combines autonomy with safety, transparency, and control. This preview demonstrates how regulated financial institutions, fintechs, networks, and technology providers can work together to make autonomous commerce a reality,” said Prabhu Rangarajan, Co-founder, M2P.

The demonstration at Global Fintech Fest showed journeys running from a single user-approved mandate — a recurring everyday purchase and a purchase made toward a savings goal — both executed by the user’s agent with consent on the same card, within the same boundary, with the funding decision handled automatically in the background. The agentic card is awaiting regulatory approvals before its public rollout. Access will be extended to waitlist members in phases.



To explore more – www.cruise.money.

About Cruise Money

Cruise Money is an AI-first personal finance platform that aggregates, analyses and interprets an individual’s complete financial picture. Cruise is an AI money companion built for Indian investors who want a smarter relationship with their money — one that gets to know their finances, talks them through in plain language, and now, with their consent, acts on their behalf to optimize how they invest, save and spend.

Cruise Money was founded by Vinay Bharathwaj, with Ganesh KV and Vikrant Mudaliar as Co-founders. Cruise uses the RBI-regulated Account Aggregator framework and read-only access to financial data. Cruise Money is a consumer brand owned and operated by NeuralFin Technologies Pvt. Ltd.

For more details, visit www.cruise.money

Photo: https://mma.prnewswire.com/media/3009053/Cruise_Money_Agentic_Card.jpg

Logo: https://mma.prnewswire.com/media/3009054/Cruise_Money_Logo.jpg

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/cruise-money-showcases-indias-first-agentic-card—an-ai-money-companion-that-plans-decides–pays-on-the-users-behalf-302886433.html

Hughes Precision Raises ₹250+ Crore to Accelerate Ammunition Manufacturing Expansion

Goa-based defence manufacturer to establish medium-caliber ammunition manufacturing capability

PANAJI, India, Sept. 23, 2026 /PRNewswire/ — Hughes Precision Manufacturing Pvt. Ltd., one of India’s growing private-sector ammunition manufacturers, has completed an investment round of ₹250+ crore through a combination of primary and secondary investment from a group of marquee ultra-high-net-worth individuals (UHNIs).

The investment will support the Company’s next phase of growth, including the expansion of its existing small-caliber ammunition manufacturing capacity from approximately 80 million rounds to 220 million rounds and the establishment of a dedicated medium-caliber ammunition manufacturing facility.

Strategic entry into medium-caliber ammunition

A significant portion of the new capital will support Hughes Precision’s entry into medium-caliber ammunition manufacturing, representing an important expansion of the Company’s product portfolio beyond its established small-caliber business.

The Company plans to establish a dedicated manufacturing capability for medium-caliber ammunition, allowing it to address a broader range of requirements from the Indian Armed Forces and international defence customers.

The expansion represents a natural progression of Hughes Precision’s strategy – building from a strong small-caliber manufacturing base into a broader ammunition platform capable of serving multiple segments of the defence market.

The investment comes at a time when India is placing increasing emphasis on indigenous defence manufacturing while simultaneously seeking to expand defence exports.

For Hughes Precision, the strategy is built around both opportunities: serving India’s growing domestic defence requirements while developing internationally competitive products for global customers. The Company believes that increasing manufacturing scale, broadening its product portfolio and continuing to invest in quality and technology will position Hughes Precision for its next phase of growth.

Order book crosses ₹1,000 crore

The expansion is supported by strong demand visibility. Hughes Precision recently announced that its order book has crossed ₹1,000 crore, with approximately 60% of orders from the Indian market and 40% from exports.

Domestic orders include requirements from the Indian Army, Police and Paramilitary Forces, while the export order book reflects the Company’s expanding international customer base. The current order book is scheduled for execution over approximately the next two years.

Hughes has the largest range of calibers in small caliber ammunition to offer to its customers. Hughes is India’s only manufacturer and exporter of critical high precision sniper ammunition used by Special Forces.

Sanjay Soni, Managing Director of Hughes Precision, said:

“The next phase of our journey”

“This investment marks an important milestone in Hughes Precision’s journey. We started with a clear objective – to build an Indian ammunition company capable of manufacturing products to the highest international standards.

Over the last decade, we have built our capabilities step by step, developed an international customer base and demonstrated that an Indian private-sector company can compete successfully in global ammunition markets.

The new capital allows us to move into the next phase of that journey – significantly expanding our small-caliber capacity, entering medium-caliber ammunition and continuing to invest in manufacturing, quality, technology and people.

Our ambition is to build Hughes Precision into one of the most respected ammunition manufacturers globally while contributing meaningfully to India’s objective of becoming increasingly self-reliant in defence manufacturing.”

Transaction advisor

STEER Advisors acted as the sole advisor to Hughes Precision on the transaction.

About STEER Advisors

STEER Advisors is an investment banking and corporate advisory firm with operations across India and international markets. With Consumer, Industrials and Sustainability as its core divisions, STEER provides equity and debt advisory solutions across eleven industry segments.

STEER has been active in India’s Aerospace & Defence sector since 2014, advising on joint ventures, mergers & acquisitions, and growth capital transactions.

About Hughes Precision

Established in 2016, Hughes Precision has developed into an integrated ammunition manufacturer serving defence, law-enforcement and approved international customers. Hughes is a leading supplier to the Indian armed forces as well as Paramilitary forces.

Hughes Precision today supplies customers across more than 20 countries in North America, Europe, the Middle East, Africa and Asia, giving the Company an increasingly diversified domestic and international customer base. Hughes R&D division is recognized by the DSIR, Govt. of India as an R&D center for excellence in Ammunition.

Hughes Precision received the award for the Highest Export Performance in the Defence MSME sector last year from Shri Rajnath Singh, Honourable Minister of Defence.

The Company’s growth has been built around a clear philosophy – “Always on Target”. Ammunition is a mission-critical product where quality, reliability and consistency cannot be compromised.

For more information, visit:

www.hughesprecisionm.com

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/hughes-precision-raises-250-crore-to-accelerate-ammunition-manufacturing-expansion-302887260.html