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Business

Oil Marketing Companies (OMCs) test for Moisture & Chloride presence in E20 Petrol: Claims of 500 ppm Chloride and presence of moisture not validated

Aug 8, 2026 by Neel Achary 0 Comments

New Delhi, Aug 08: Amid recent media reports on moisture and chloride in EBMS (E20 Petrol), OMCs carried out a nationwide additional intensive testing covering the entire EBMS supply chain. The findings reaffirm that fuel quality remains consistently well within prescribed limits. Contrary to certain assertions being made, there is no evidence of any alarm on account of fuel contamination validated by extensive and scientifically designed tests.

OMCs would like to reassure all our esteemed customers that we treat fuel quality as a matter of highest priority and any issue that could potentially affect the vehicle performance or consumer confidence is addressed promptly through scientific investigation and corrective action.

Government of India has prescribed a stringent chloride specification for ethanol used in petrol blending and has instituted a high-frequency monitoring mechanism to ensure compliance across the entire supply chain. Chloride monitoring is being done at multiple point of supply chain including refineries, distilleries, depots/terminals and retail outlets nationwide, confirming that quality is being consistently maintained throughout the supply chain.

In addition to the already established quality assurance protocols, Oil Marketing Companies have further strengthened surveillance by conducting water-ingress and density tests 8–12 times daily at every retail outlet. Mobile fuel quality testing laboratories have also been deployed across locations, while test results are being independently validated through fuel laboratories to ensure the highest standards of quality assurance.

These multipronged stepped up testing protocols across the supply chain has validated our highest fuel quality standards.

1.MS from Refinery: Actual Chloride levels in Petrol is well within 1 ppm

Over 100 additional randomly selected petrol samples tested across various refineries confirm that chloride content remains consistently low, with all samples reported at or below the 1 ppm. This reflects the continued effectiveness of quality checks built into India’s robust refining and dispatch process.

2. Pure Ethanol ex distillery:

Ethanol supplied by distilleries—the principal blending component—has also consistently recorded chloride levels significantly below the prescribed specification, reflecting robust quality control mechanisms at the production stage.

A dedicated task force having members of OMCs & CHT has checked ethanol samples from 80 distilleries across the country in last 10 days and all samples had Chloride content less than 3 ppm.

4 .Ethanol Blended MS (E20) distributed via OMCs’ Marketing Infrastructure:

Depots / Tank Trucks: Ethanol and E20 samples tested at depots and terminals continue to meet prescribed chloride limits, with regular monitoring at this stage ensuring that quality is maintained as fuel moves through the storage and distribution network. More than 80 samples across the nation collected from various OMC terminals showed chloride content below 3 ppm.

Retail Outlets (RO): Under the intensified monitoring programme, more than 160 samples have been analysed for chloride content in last few days and levels are in range of 0-3 ppm contrary to the claims of several hundred ppm. The surveillance system identified only two isolated instances where elevated chloride levels were detected. These were suspended immediately, followed by detailed root-cause analysis and implementation of appropriate corrective measures before restoration of supplies.

4 Water ingress testing:

About 90,000 ROs have commenced mandatory inspection and monitoring of underground storage tanks. The underground tanks at ROs are being inspected 8–12 times every day and have not revealed any water ingress so far.

Tabulated summary of the above tests are available on the official website of CHT @ www.cht.gov.in. This would be updated as and when more test results are available.

Oil Marketing Companies wish to reassure consumers that fuel quality remains their highest priority. Quality surveillance is undertaken continuously across the supply chain, and wherever any deviation is detected, prompt and decisive corrective action is initiated.

With the above, Consumers should continue to use E20 petrol with confidence, as the fuel supplied through the OMC network conforms to the prescribed quality specifications and is backed by robust quality assurance and monitoring systems designed to safeguard consumer interests at every stage of the supply chain.

Education

Amity University Haryana’s Deeksharambh 2026 Empowers Students with Global Exposure, Governance Insights, Entrepreneurship and Campus Life Orientation

Aug 8, 2026 by Neel Achary 0 Comments

Gurugram, Aug 08: Under the visionary leadership of Dr. Ashok K. Chauhan, Founder President, Amity Education Group, and Dr. Aseem Chauhan, Chancellor, Amity University Haryana, the University continued its flagship Deeksharambh 2026 – Student Induction Programme with an engaging and enriching Day 3, held under the theme “Discover, Aspire, Achieve.” The day’s sessions focused on familiarising students with the University’s academic and governance framework, global opportunities, entrepreneurship, student life, values, responsibilities, industry connect and mentoring support.

Aligned with the University’s SAGE framework – Socializing, Associating, Governing and Experiencing, the day’s sessions were designed to help students familiarise themselves with the University’s academic and administrative structures while encouraging them to explore opportunities beyond the classroom.

Understanding University Governance and Academic Leadership

A significant session on University Governance and Code of Conduct was delivered by Prof. (Dr.) P. B. Sharma, Hon’ble Vice Chancellor, AUH. The session familiarised students with the principles of responsible conduct, institutional values, discipline, accountability and responsible citizenship, inspiring them to uphold high standards of ethical behaviour and contribute positively as responsible citizens in an increasingly interconnected global world. Prof. Sharma emphasised that every student has a responsibility towards the University and society, while underlining the University’s zero-tolerance approach towards any form of misconduct or misbehaviour. Prof. Sharma remarked, “True education is not merely about acquiring knowledge; it is about developing the responsibility, accountability and character to use that knowledge for the betterment of society.”

This was followed by an introduction to Academic Administration and the University’s academic leadership, led by Prof. (Dr.) Vikas Madhukar, Hon’ble Pro Vice Chancellor, Dean, FMS & Director, ABS, AUH. The session provided students with an overview of the University’s academic ecosystem and introduced them to the Deans, Heads of Institutions and Heads of Departments who play a vital role in shaping their academic journey.

Global Exposure and International Opportunities

The day commenced with a presentation on Internationalization and Study Abroad Programmes by Ms. Vanita Verma, Assistant Director, International Affairs, AUH, who introduced students to opportunities for international academic exposure, global learning and cross-cultural engagement.

Adding an international dimension to the programme, Dr. Ilya Kravchenko, Chief Specialist-Expert, Russian Centre of Science and Culture, and Ms. Evgeniia Kulman, Chief Specialist-Expert, Russian Centre of Science and Culture, addressed the students and highlighted avenues for international academic and cultural engagement.

Amity University Haryana’s Deeksharambh 2026 Empowers Students with Global Exposure, Governance Insights, Entrepreneurship and Campus Life Orientation

From Ideation to Execution: Encouraging Entrepreneurship

The entrepreneurial spirit among students was further strengthened through a workshop titled “Ideation to Execution”, conducted by Mr. Satish Kumar (IES), Assistant Director, MSME, Government of India. The session encouraged students to transform innovative ideas into actionable ventures and familiarised them with the entrepreneurial mindset required to identify opportunities, overcome challenges and create value.

Building an Inclusive and Supportive Campus Community

Prof. (Dr.) Maj. Gen. J. S. Dhull (Retd.), Dean Student Welfare, AUH, addressed the students on student life, discipline, clubs and societies, and anti-ragging measures, emphasising the importance of responsible participation, mutual respect and adherence to University policies. He encouraged students to actively engage in campus activities while contributing to a safe, inclusive and vibrant campus environment. As part of the University’s commitment to promoting a healthy and responsible youth community, the students also took the pledge under the Nasha Mukt Bharat Abhiyan, reaffirming their resolve to stay away from substance abuse and contribute towards building a healthier and drug-free society.

Amity University Haryana’s Deeksharambh 2026 Empowers Students with Global Exposure, Governance Insights, Entrepreneurship and Campus Life Orientation

Prof. (Dr.) Sanjna Vij, Dy. Dean Student Welfare, AUH, addressed the students on the Students Values and Responsibility Charter, highlighting the importance of integrity, respect, discipline, accountability, empathy and responsible behaviour. She encouraged students to understand and embrace their responsibilities as members of the Amity community and to uphold these values in their academic, personal and campus life. The session highlighted the diverse opportunities available to students beyond academics, including participation in clubs and societies, while emphasising mutual respect, responsible behaviour, discipline and a zero-tolerance approach towards ragging.

A brief session on HR, University Faculty Resources and their Accomplishments was conducted by Rear Admiral K. K. Pandey, Director HR, Hospitality & Hostel, AUH, helping students understand the University’s support systems and the achievements of its academic community.

Strengthening Industry Connect

Giving students a glimpse into the University’s strong industry interface, Mr. Manoj Sahani, Director, Corporate Resource Centre (CRC) and Head, Industry Integration, AUH, presented the University’s Corporate Resource Centre and Industry Integration initiatives. The session highlighted the importance of industry exposure, employability, internships, professional skills and career preparedness in shaping future-ready graduates.

Nukkad Natak by “Ek Aawaz” Student Club

Reinforcing the University’s commitment to a safe, respectful and inclusive campus, the students of “Ek Aawaz” Club presented a powerful Nukkad Natak on “Say No to Ragging.” Through an engaging and impactful street play, the students highlighted the harmful consequences of ragging and conveyed a strong message of respect, dignity, empathy and responsible behaviour. The performance effectively sensitised the new students about the importance of creating a welcoming campus environment where every student feels safe, valued and respected.

Through its carefully curated sessions, Day 3 of Deeksharambh 2026 provided students with a well-rounded understanding of the opportunities, responsibilities and support systems that define life at Amity University Haryana. From global exposure and entrepreneurship to governance, student welfare, industry integration and mentoring, the programme reinforced AUH’s commitment to developing confident, responsible, innovative and future-ready young professionals.

As Deeksharambh 2026 progresses, Amity University Haryana continues to provide its new students with meaningful experiences that enable them to Discover their potential, Aspire for excellence and Achieve their goals, while contributing to the larger vision of Viksit Bharat @2047.

News

Bybit Dual Asset Integrates Four New xStocks, Expanding Use Cases for Tokenized Equities on Bybit

Aug 7, 2026 by Sai Krishna 0 Comments

DUBAI, UAE, Aug. 7, 2026 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced the expansion of its xStocks Dual Asset offering with four newly supported tokenized stocks: METAx, TSLAx, HOODx, and CRCLx. The addition brings xStocks Dual Asset to a lineup of 10 tokenized stock pairs, following strong user demand

The expansion builds on Bybit’s earlier integration of xStocks into Dual Asset, which introduced tokenized shares in SpaceX, NVIDIA, Apple, Alphabet, Coinbase, and Amazon as underlying assets for the popular structured yield product. With the addition of METAXUSDT, TSLAXUSDT, HOODXUSDT, and CRCLXUSDT, xStocks Dual Asset now covers ten xStocks tokens encompassing the most sought-after assets on Wall Street.

The newly added assets span key sectors including artificial intelligence, electric vehicles, fintech, and stablecoins, further broadening the range of market themes users can build yield strategies around on Bybit.

Since launch, tokenized equities in NVIDIA has attracted the strongest user demand among supported xStocks, while SpaceX has consistently recorded the highest trading volume, underscoring sustained user interest in Bybit’s Dual Asset products tied to xStocks.

As tokenization of real-world assets continues to gain traction across the industry, Bybit’s expanded support for xStocks in Dual Asset reflects growing crypto-native interest in accessing traditional equities through familiar, on-chain mechanisms. Bybit was the first centralized exchange to offer xStocks as underlying assets for a structured yield product of this kind.

Dual Asset is a non-principal-protected investment product offering expected fixed returns upon successful subscription. Users select an asset pair, investment period, and target price based on their market view and risk appetite, with the final settlement asset determined by price movement against the target price at settlement.

xStocks Dual Asset follows the same eligibility requirements and regional restrictions as xStocks. Terms and conditions apply, and users should read the Risk Factors for this product before subscribing. For more details on eligibility and potential restrictions, users may visit: xStocks Dual Asset expands with four new assets

#Bybit / #NewFinancialPlatform

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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Bybit Dual Asset Integrates Four New xStocks, Expanding Use Cases for Tokenized Equities on Bybit

News

Bybit Expands UTA Loan Interest-Free Borrowing to 24 Assets, Empowering More Capital-Efficient Trading

Aug 7, 2026 by Sai Krishna 0 Comments

DUBAI, UAE, Aug. 7, 2026 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has expanded its UTA Loan Interest-Free Borrowing program, extending interest-free borrowing eligibility to 22 additional major crypto assets. Combined with USDT and USDC, the program now covers 24 assets in total.

The expansion helps reduce funding costs for traders using Perpetual and Futures products, giving avid traders greater flexibility in capital management under Bybit’s Unified Trading Account (UTA) framework.

Under the new framework, asset coverage for interest-free loans now supports 24 assets, including BTC, ETH, SOL, XRP, ADA, OP, NEAR, DOT, DOGE, LINK, SUI, LTC, UNI, MNT, AAVE, BCH, HYPE, XLM, ETC, FIL, APT and AVAX, alongside USDT and USDC. This significantly broadens the scope of supported assets from two mainstream stablecoins to over a dozen cryptocurrencies.

The new mechanism balances cost efficiency and flexibility for qualified traders on Bybit:

Lower Borrowing Costs: Traders no longer need to absorb interest charges on automatic borrowing triggered by unrealized losses on Perpetual or Futures positions. Zero interest rate applies for eligible borrowing under this scenario, as long as the amount stays within the applicable limit.
Greater Capital Efficiency: With financing costs reduced across a wide set of 24 assets, traders can hold and adjust positions with less drag from borrowing expenses, freeing up capital that would otherwise go toward interest payments.
Tailored VIP Benefits: The higher a trader’s VIP tier, the more borrowing capacity they unlock at zero interest. Because each account, including subaccounts, is assessed independently, traders running multiple accounts benefit from separate limits rather than a shared cap.

The interest-free benefit is specific to scenarios where unrealized losses on Perpetual or Futures positions activate automatic UTA borrowing. Manual borrowing, Spot Margin borrowing, Options borrowing and other borrowing types are excluded. Once the borrowed amount exceeds the limit for an asset, interest applies to the full balance.

Borrowing limits across VIP tiers are pegged to the USD equivalent value of the borrowed asset at real-time prices and may shift with market conditions, with advance notice given before any change.

Bybit’s expanded UTA Loan Interest-Free Borrowing program gives traders across VIP tiers more flexibility to manage positions without added costs. Committed to building the New Financial Platform for all, Bybit continues to introduce capital-efficient trading tools that support traders’ evolving risk management needs.

Terms and conditions apply. For details on availability and eligibility, and specific limits by VIP tier and asset type, users may visit: UTA Loan futas expands interest-free borrowing to 22 more assets

#Bybit / #NewFinancialPlatform

About Bybit

Bybit is The New Financial Platform.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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Bybit Expands UTA Loan Interest-Free Borrowing to 24 Assets, Empowering More Capital-Efficient Trading

News

Binance Research: Gen Z Investors are Starting Younger and Showing Greater Financial Discipline

Aug 7, 2026 by Sai Krishna 0 Comments

New commentary finds that Gen Z accounts for 44% of Binance Direct Stocks and bStocks users, with more than 90% of TradFi users in every generation based in emerging markets

MUMBAI, India, Aug. 7, 2026 /PRNewswire/ — Binance Research, the market research arm of the world’s largest cryptocurrency exchange, Binance, has recently published a new weekly market commentary titled ‘Onboarding the Next Generation‘. The report examines how Gen Z is becoming the dominant cohort on Binance’s TradFi products, and what their behavior reveals about the next wave of global equity access from emerging markets.

Figure 3: Generational share of users by TradFi product

The report finds that 30% of Gen Z investors began investing during university or early adulthood, double the 15% rate for Millennials and well above 9% for Gen X. This earlier entry is paired with stronger preparation, as 77% of Gen Z investors report having received formal financial education, the highest of any generation, compared with 69% of Millennials and 58% of Gen X.

Binance Research identifies Gen Z as the largest single cohort across Binance’s TradFi suite, accounting for 44% of Direct Stocks and bStocks users and roughly 45% of TradFi-Perps users. Among users who have adopted all three products, 48% are Gen Z. Gen Z’s share of newly onboarded TradFi users has risen steadily from 41% in January to 47% in July, suggesting momentum rather than saturation.

The commentary further highlights that more than 90% of TradFi users in every generation are based in emerging markets, with Gen Z at 95%. Within that base, 13% of Binance Direct Stocks users are Gen Z investors from emerging markets holding less than US$2,000 in equity assets, a segment the report identifies as ‘Next Gen Users’. For many of these users, Binance is not one brokerage option among several but their first access to US equities, illustrating the financial-inclusion thesis in practice.

Moreover, the research suggests that Gen Z’s behavior contradicts the assumption of speculative trading. Leveraged ETFs account for just 5.9% of Gen Z trading volume, the lowest share of any generation, and the cohort trades less frequently at 2.6 as compared to other cohorts at 3.0 trades per day. First trades cluster in established names such as NVIDIA at 20% and Micron at 8%, with a blue-chip long tail including Tesla, Apple, and the Nasdaq-100 ETF. Despite holding the lowest investment capital per user, Gen Z has contributed approximately US$80B of TradFi volume year-to-date, compounding at 24% month-over-month.

In the report, Binance Research concludes: “Across every metric examined, Gen Z, the youngest generation of investors, and users based in emerging markets, are onboarding to Binance as the first point of access to global markets without a domestic brokerage relationship. It is the central feature of the trend, and a strong indicator of where the user base is heading.”

The full report, ‘Onboarding the Next Generation‘, is now available on Binance Research.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 320 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means.

For more information, visit https://www.binance.com

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Binance Research: Gen Z Investors are Starting Younger and Showing Greater Financial Discipline

News

NYSE Content Update: Pinnacle Acquisition + Ticketplus to Debut for Trade

Aug 7, 2026 by Sai Krishna 0 Comments

NYSE issues a pre-market daily advisory direct from the trading floor.

NEW YORK, Aug. 7, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.

Kristen Scholer delivers the pre-market update on August 7th

Investors digest the July jobs report ahead of the final trading session of the week.
Pinnacle Acquisition and Ticketplus will begin trading on the NYSE and NYSE American respectively.
Loma Negra (NYSE: LOMA) Chairman Marcelo Mindlin will join NYSE Live to discuss the company’s 100^th anniversary and recent success.
The NYSE is on the ground at Camp Commerce, an event bringing together approximately 200 brand founders and senior executives.

Opening Bell

Loma Negra (NYSE: LOMA) celebrates its 100^th anniversary

Closing Bell

Officials and guests of the Hong Kong Dragon Boat Festival ring the NYSE Closing Bell

For market insights, IPO activity, and today’s opening bell, download the NYSE TV App: TV.NYSE.com

Life Science Cares + Project Onramp at NYSE

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NYSE Content Update: Pinnacle Acquisition + Ticketplus to Debut for Trade

News

Tribesigns Expands Collaboration with Leading U.S. Home Retailers at Las Vegas Market 2026

Aug 7, 2026 by Sai Krishna 0 Comments

NEW YORK, Aug. 7, 2026 /PRNewswire/ — Tribesigns, a globally acclaimed furniture manufacturer and retailer, expanded its engagement with leading U.S. home retailers at Las Vegas Market 2026 as senior representatives from key retail partners visited the company’s booth to view the latest furniture collections.

Tribesigns Booth

Among the visitors were Wayfair CEO Niraj Shah and his team, Amazon Justin, and The Home Depot Furniture team led by Christa Endler, Online Merchant Digital Decor. Their visits underscored Tribesigns’ growing relationships with major U.S. home retailers and provided an opportunity to exchange perspectives on product innovation, evolving consumer preferences and future collaboration.

Group Photo of the Tribesigns Team and The Home Depot Team

At the show, Tribesigns showcased furniture collections spanning living, dining and storage spaces, highlighting its approach to creating functional, versatile furniture designed for modern living.

Las Vegas Market is a premier home furnishings trade event in Las Vegas, Nevada, bringing together retailers, buyers, designers, distributors and brands to discover new products, exchange industry insights and explore business opportunities.

Inspired by its “Designed for Life” philosophy, Tribesigns develops functional furniture across a broad range of home categories. Over the past 15 years, the brand has built a diverse portfolio that now reaches more than 30 million households worldwide through retail partners across global markets.

“We sincerely appreciate the trust and continued support from our strategic partners,” said Peter Wang, CEO of Tribesigns. “Las Vegas Market gave us another valuable opportunity to meet with the Wayfair, Amazon and The Home Depot teams, exchange ideas and better understand how consumer needs continue to evolve. Those conversations help shape our product strategy, and we look forward to building on these relationships while bringing thoughtfully designed furniture to more customers across the U.S. market.”

About Tribesigns

Tribesigns is a leading global furniture designer and manufacturer. With the slogan “Designed For Life,” its philosophy embraces the diversity of personal lifestyles and the importance of making environmentally conscious choices.

For more information about Tribesigns, please visit Tribesigns.com, explore Tribesigns B2B opportunities, or follow the brand on Facebook, Instagram, YouTube, Pinterest, and TikTok.

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Tribesigns Expands Collaboration with Leading U.S. Home Retailers at Las Vegas Market 2026

News

QC Ware Demonstration of Hybrid Quantum-Classical Workflow Using Promethium and IBM Quantum

Aug 7, 2026 by Sai Krishna 0 Comments

PALO ALTO, Calif., Aug. 7, 2026 /PRNewswire/ — QC Ware (“QC Ware” or the “Company”) today announced a technology demonstration of a hybrid quantum-classical computational chemistry workflow using Promethium^® and IBM Quantum hardware.

The demonstration calculated electrostatic interaction energy for nitric oxide reductase by combining GPU-accelerated molecular modeling and classical chemistry methods with quantum measurements performed on IBM’s 156-qubit Heron superconducting quantum processor. The work highlights how Promethium can be used alongside quantum hardware in scientifically relevant workflows. This was a technology demonstration and is not currently a fully integrated Promethium product capability.

“This demonstration shows how classical and quantum computing can be combined to address meaningful computational chemistry problems,” said Dr. Kin-Joe Sham, Co-Founder and COO at QC Ware. “We believe Promethium delivers high-performance computational chemistry today while providing a foundation for exploring future hybrid workflows.”

Nitric oxide reductase is a chemically complex metalloenzyme system, making it a relevant benchmark for evaluating advanced computational methods. The workflow focused on electrostatic interaction energy, an important molecular property in drug discovery, catalysis, and materials science.

The demonstration builds on QC Ware’s previously published research in hybrid quantum-classical chemistry and reflects the Company’s broader strategy of delivering practical, GPU-accelerated quantum chemistry today while advancing the use of artificial intelligence and quantum computing to address increasingly challenging scientific problems.

Available today, Promethium’s GPU-native architecture enables researchers to apply quantum chemistry across larger molecular systems and more compounds than has traditionally been practical. For selected workloads, Promethium runs demanding calculations up to 20× faster than the main conventional platforms, helping researchers generate molecular-level insights in hours instead of weeks and accelerating decision-making across drug discovery, catalysis, and materials science.

About QC Ware

QC Ware is a quantum computing software company. QC Ware develops applications that unlock the power of quantum computing for drug discovery, material design and other industry verticals. QC Ware’s Promethium platform provides GPU-accelerated quantum chemistry for molecular modeling and drug discovery, helping customers make better discovery decisions today while exploring the hybrid quantum-classical workflows of tomorrow. QC Ware also organizes and hosts Q2B quantum computing conferences in Japan, Europe and the United States.

Forward-Looking Statements

This press release includes forward-looking statements relating to QC Ware’s expectations, hopes, beliefs, intentions or strategies regarding the future. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding: QC Ware’s expectation that Promethium is providing a foundation for exploring hybrid workflows. These statements are based on various assumptions and on the current expectations of QC Ware’s management and are not predictions of actual performance. These forward-looking statements are subject to a number of risks and uncertainties, including changes in business, market, financial, political and legal conditions; the rapid evolution of quantum computing and flaws or errors in Promethium or flaws in or misuse of quantum computing in general; and risks related to working with quantum hardware providers.

Contact:

Kin-Joe Sham

kj.sham@qcware.com

Quantum Computing as a Service

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QC Ware Demonstration of Hybrid Quantum-Classical Workflow Using Promethium and IBM Quantum

News

‘No Insurance, No Petrol’ Policy Yet to Be Finalised, Says Odisha Transport Minister

Aug 7, 2026 by Neel Achary 0 Comments

Bhubaneswar, Aug. 7 (UDN): Amid discussions over the proposed ‘No Insurance, No Petrol’ policy, Odisha Transport Minister Bibhuti Bhusan Jena has clarified that the state government has not taken any final decision and will act only after receiving detailed guidelines in line with the Supreme Court’s directions.

'No Insurance, No Petrol' Policy Yet to Be Finalised, Says Odisha Transport Minister

Representational Image

Addressing the issue, the Minister said Odisha has nearly 97 lakh registered vehicles, a significant number of which are reportedly operating without valid motor insurance. He stressed that ensuring insurance coverage is essential for protecting road users and providing financial support to accident victims.

The Minister highlighted that third-party motor insurance is mandatory under the Motor Vehicles Act and is a key safeguard for victims of road accidents. He said the Supreme Court has laid particular emphasis on strict compliance with this legal requirement.

He further informed that enforcement against uninsured vehicles has already been intensified across the state. At several toll plazas, authorities are checking insurance documents and issuing challans to violators. Persistent offenders, he said, may also face vehicle seizure under existing legal provisions.

However, the Minister made it clear that no fresh notification introducing a ‘No Insurance, No Petrol’ rule has been issued by the Odisha government. The state will formulate its policy only after receiving comprehensive directions from the Centre and the Supreme Court.

Emphasising the objective behind the proposed measure, Jena said the government’s focus is not on imposing penalties but on ensuring that every vehicle on the road is insured. According to him, wider insurance coverage will strengthen road safety, protect accident victims from financial hardship and encourage responsible compliance with the law.

He also appealed to vehicle owners to renew or obtain valid insurance in time, stating that public safety and the protection of human lives remain the government’s highest priority.

News

Woxsen University Marks National Handloom Day with Handloom Workshop, in Association with Weaver Service Centre, Hyderabad

Aug 7, 2026 by Sai Krishna 0 Comments

On National Handloom Day, the School of Arts and Design, Woxsen University, swapped lecture slides for loom demonstrations, hosted by the Weaver Service Centre, Hyderabad

HYDERABAD, India, Aug. 7, 2026 /PRNewswire/ — What if the person teaching a design class wasn’t a professor, but a master weaver? That was the premise Woxsen University’s School of Arts and Design established this National Handloom Day, in collaboration with the Weaver Service Centre (WSC), Hyderabad, for a session built around India’s handloom traditions and the artisans who keep them alive.

Woxsen University celebrates National Handloom Day with a special handloom workshop, held in association with Weaver Service Centre, Hyderabad

The celebration featured an exhibition led by Dr. S. Arun Kumar, Director of WSC Hyderabad, and his team. The display covered handloom textiles from across India, traditional weaving techniques, and government schemes that support the handloom sector. Students explored the exhibits closely and spoke directly with weaving experts, gaining a first-hand understanding of India’s textile traditions and sustainable craft practices.

Dr. Kumar also led an interactive session on preserving India’s handloom legacy, supporting artisan communities, and building stronger ties between weavers and the next generation of designers. The session encouraged students to see indigenous textiles not just as heritage, but as a source of contemporary design innovation.

Adity Saxena, Dean, School of Arts and Design, Woxsen University, said, “At Woxsen, we believe that design education must extend beyond classrooms and studios. Learning directly from artisans provides students with authentic insights into traditional knowledge systems, craftsmanship, and sustainable practices. By incorporating artisans’ experiences, feedback, and expertise into our curriculum through workshops and collaborative engagements, we enable students to bridge the gap between academic learning and real-world craft traditions. Going forward, we are committed to inviting more artisans and master craftspeople to share their invaluable knowledge with our students.”

It is a small but deliberate bet: that the future of Indian design will not be built in isolation from the people who have been weaving its past for centuries. Through initiatives like this, Woxsen University’s School of Arts and Design is positioning itself as a bridge between the studio and the loom; training future generation of designers who don’t just study craft but know the artisans behind it.

About Woxsen University, Hyderabad

Woxsen University, located in Hyderabad, is one of the first private universities in the state of Telangana, India. Renowned for its 200-acre state-of-the-art campus and infrastructure, Woxsen University offers new-age, disruptive programs in the fields of Business, Technology, Arts & Design, Architecture, Law, and Liberal Arts & Humanities. Woxsen also houses Asia’s largest Sports Infrastructure, spread over 60 acres. With 190+ Global Partner Universities and a strong industry connect, Woxsen is recognized as one of the top universities for Academic Excellence and Global Edge. Woxsen has also secured the QS Business Masters World Ranking 2025, Rank #8 All India, Top 100 B-Schools by Times B-School Ranking 2026, Rank #6, Asia Pacific, Bloomberg Best B-School, and features in India’s Best B-Schools beyond IIMs by Dalal Street Investment Journal 2025, in 4th consecutive year. Woxsen is ranked as one of the Top Professional Colleges in India by Outlook I-CARE for its undergraduate programs, securing All India Rank 12 among the Top 130 BBA Private Institutes, All India Rank 20 among the Top 160 B. Tech Private Institutes, All India Rank 3 among the Top 25 Design Private Institutes, and All India Rank 3 among the Top 30 B. Arch Private Institutes.

Media Contact:

Ahana Bose

ahana.bose@woxsen.edu.in

Woxsen University celebrates National Handloom Day with a special handloom workshop, held in association with Weaver Service Centre, Hyderabad

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Woxsen University Marks National Handloom Day with Handloom Workshop, in Association with Weaver Service Centre, Hyderabad