Business
Sagarmala Finance plans India’s first blue bond issue
The state-owned lender is preparing to launch its maiden bond issue soon to raise up to ₹1,000 crore. “This will be a ₹500 crore base issue, with a green shoe option of another ₹500 crore,” Babu told ET.
Trust Capital, AK Capital and Tipsons have been appointed advisers for the issue. The proposed blue bonds are aimed at investors seeking exposure to maritime projects. On Friday, the benchmark 10-year government bond yield stood at 6.996%.
Sagarmala Finance Corporation is set to launch India’s first blue bonds this fiscal year. The state-owned lender aims to raise up to ₹1,000 crore through this maiden issue. These bonds will fund maritime projects, attracting investors interested in this sector. This move will help address the company’s asset-liability mismatch. The corporation has a mandate to raise ₹25,000 crore.
Sagarmala Finance Corporation Ltd (SMFCL), India’s first maritime-focused non-banking finance company, aims to achieve cumulative disbursements of ₹60,205 crore by 2030-31. The company has a mandate to raise up to ₹25,000 crore.
Officials said the planned fund raise would help address the lender’s asset-liability mismatch. While its existing borrowings have an average repayment period of about 3.5 years, its loan assets typically have a gestation period of around 12 years.
Business
FPIs remain net sellers for 3rd straight month, offload Rs 32,963 cr worth equities in May: NSDL data
May marked the third consecutive month in 2026 in which foreign investors remained net sellers in the Indian equity market.
The continued selling by overseas investors has largely been attributed to the ongoing tensions in West Asia, which pushed Brent crude oil prices above the USD 100 per barrel mark and raised concerns about India’s import bill and inflation outlook.
Although crude oil prices have declined below USD 100 per barrel this week, they remain elevated compared to levels seen before the geopolitical tensions escalated. As India imports a large share of its energy requirements from the Middle East, higher crude prices have weighed on investor sentiment.
Market participants also believe that a significant portion of global investment flows is currently moving towards regions benefiting from the artificial intelligence-driven investment cycle, while India is not being viewed as a major AI-focused market destination.
According to the NSDL data, FPIs had sold equities worth Rs 60,847 crore in April. In March, net selling stood at Rs 1,17,775 crore, making it the highest monthly outflow recorded so far this year.
In contrast, February witnessed net inflows of Rs 22,615 crore. Prior to that, FPIs had sold equities worth Rs 35,962 crore in January. Overall, foreign investors have pulled out a net Rs 2,24,932 crore from Indian equities so far in 2026.
Commenting on recent market trends, VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, said, “An important recent trend in the market is buy on dips and sell on rallies. Low openings are bought into and high openings are getting sold. Institutional activity must be playing a role in this. Retail traders have to handle this trend very deftly.”
He noted that some market indicators have started improving.
“Brent crude declining to below USD 105 and rupee appreciating to 96.20 from 96.96 level are positive developments,” Vijayakumar said.
He added that broader markets continue to remain active despite the selling pressure in large-cap stocks.
“Brisk activity is happening in the broader market. Small and midcaps coming out with good results and optimistic growth projections are getting positive response from the market,” he said.
He further added “FII selling and fears of more FII selling are weighing on largecaps despite their relatively cheaper valuations. Momentum is in SMIDs even though safety is in largecaps. This dichotomy will persist till FIIs turn buyers in India”.
Business
Columbia Income Builder Fund Q1 2026 Commentary
Vachilavit Sanameang/iStock via Getty Images
Market overview
U.S. Treasury yields were relatively stable to open the quarter and drifted lower in early February, as the market appeared to view the U.S. Federal Reserve as maintaining a tilt toward at least modest policy
Business
The Magnitude Of The Numbers Is Just Mindboggling: 12 U.S. Companies, $30 Trillion
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Exclusive-From lottery draws to fiscal spending, China broadens digital yuan footprint

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US investigates Vietnam’s intellectual property practices

US investigates Vietnam’s intellectual property practices
Business
Italian Inflation Inches Up In May On Rising Energy Pressures
Italian Inflation Inches Up In May On Rising Energy Pressures
Business
Apple Pay Down? Outage Hits Users on May 30 2026 Sparking Payment Disruptions
New York — Reports of disruptions with Apple Pay spread rapidly on Friday evening, May 30, 2026, as some users encountered issues completing transactions and processing payments through the popular mobile service.
The problems surfaced around 7:24 p.m. Eastern Time, according to tracking data from outage monitoring sites. Users took to social media and community forums to share experiences, with complaints ranging from failed in-store tap-to-pay attempts to delays in online purchases and person-to-person transfers.
One user described sending money to a family member that appeared in their own account but did not show up on the recipient’s side, highlighting frustration during evening hours when alternative banking options are limited.
Scope of the Reported Disruptions
While Apple’s official system status page continued to list Apple Pay as available, user reports on platforms like DownDetector and community discussions indicated intermittent problems for a portion of customers. Issues appeared concentrated in the United States but drew attention from international users as well.
Affected services included contactless payments at retailers, in-app purchases, and Apple Cash transfers via iMessage or the Wallet app. Some transactions showed as pending or completed on one end but failed to reflect on the other, creating confusion over fund locations.
Apple has not issued a formal statement on the matter as of late Friday. Similar intermittent glitches have occurred in the past, often resolving within hours without long-term impact on user accounts.
User Experiences and Reactions
Social media quickly amplified the reports. The account @status_is_down, which tracks service outages, posted about the situation, asking users if they were affected and using hashtags #ApplePay and #ApplePayDown. The post referenced community discussions linking the issue to broader payment processing challenges.
Complaints highlighted timing frustrations, with some users needing funds for weekend expenses ahead of the Memorial Day holiday period. Banking hours limitations compounded concerns for those relying on digital wallets for immediate transfers.
Despite the issues, many customers reported that traditional card payments and alternative digital wallets continued functioning normally, allowing workarounds for essential transactions.
Technical Context of Apple Pay
Apple Pay relies on a combination of device-based tokenization, secure element technology in iPhones and Apple Watches, and backend processing through partnered banks and payment networks. This architecture generally provides high reliability and security, but occasional server-side or network-related hiccups can affect availability.
The service powers billions of transactions annually and has become a standard for contactless payments globally. Disruptions, though uncommon, tend to generate significant visibility due to the large user base and integration across retail, transit and online platforms.
Previous incidents, such as a mid-May 2026 Apple Cash outage, were resolved relatively quickly after Apple acknowledged the problem on its system status dashboard. In those cases, affected users were advised to monitor accounts and use backup payment methods.
Broader Implications for Digital Payments
The May 30 reports underscore the growing dependence on digital wallets in everyday commerce. As consumers shift away from physical cards, even short outages can disrupt routines, particularly for those without immediate cash or alternative cards on hand.
Industry analysts note that payment systems operate within complex ecosystems involving banks, card networks like Visa and Mastercard, and technology providers. A glitch on one side can create ripple effects across linked services.
Consumer protection remains strong, with funds in Apple Cash typically FDIC-insured through partner banks. Users experiencing missing transfers are encouraged to contact Apple Support or their linked financial institutions for resolution.
Advice for Affected Users
Those facing problems with Apple Pay on May 30 can try several troubleshooting steps while awaiting full resolution:
- Restart the device and ensure a stable internet connection.
- Check for iOS updates and verify cards in the Wallet app remain properly added.
- Remove and re-add affected cards if transactions consistently fail.
- Use physical cards or other payment apps as temporary alternatives.
Monitoring Apple’s official system status page provides the most direct updates on service health. For transfer-related issues, documenting transaction details helps when reaching support.
Looking Ahead
Digital payment reliability has improved significantly over recent years, but incidents like this serve as reminders of the importance of having backup options. Apple Pay’s overall track record remains strong, with rare widespread outages compared to its scale of operations.
As of Saturday morning, May 31, many users reported services returning to normal, though some continued experiencing residual delays. The episode highlights ongoing challenges in maintaining seamless performance across global financial technology infrastructure.
The incident also fuels broader conversations about digital resilience, redundancy in payment systems, and user preparedness for occasional service interruptions in an increasingly cashless society.
For the latest developments, users should check official channels and outage trackers. Most disruptions of this nature prove temporary, with accounts and funds remaining secure throughout.
Business
LIC, HAL, among 10 stocks that saw sharpest decrease in government shareholding in Q4. Check list
Foreign selling, geopolitical tensions and market volatility eroded the value of the Government of India’s holdings in key listed companies during the March 2026 quarter, with LIC, IRFC and HAL leading the sharp declines.
Business
Building Community Through Work and Music
Ignacio Rodriguera does not follow a traditional career path. He built his life through hands-on work, real-world learning, and deep ties to his community. Based in Los Angeles, he works as an HVAC and electrical technician while also organizing independent punk shows and festivals.
His definition of success reflects that journey.
“Success isn’t just a single outcome,” he says. “It’s consistency, growth, and impact over time.”
That mindset shapes everything he does.
Early Life in East Los Angeles
Rodriguera was born at Lincoln Hospital and raised in East Los Angeles. He grew up with strong cultural roots tied to Culiacán, Sinaloa, Mexico. His early environment played a major role in shaping his values.
He describes that influence simply: loyalty, independence, and looking out for others.
At the same time, he was drawn to the local punk scene. That world introduced him to people who were building something on their own terms. It left a lasting impact.
Learning Through Experience, Not Theory
Rodriguera completed high school but credits most of his education to real-life experience. He learned by working, solving problems, and building connections.
“I’ve built everything through experience,” he says. “Learning as I go and growing from it.”
This approach carried into both sides of his career. On one side, he works in HVAC and electrical systems. On the other, he runs music events across Los Angeles.
Both require practical thinking and quick decisions.
What Does an HVAC Technician Do?
Rodriguera’s technical work focuses on helping lower-income families. He works through a program that ensures homes have safe heating, cooling, and electrical systems.
This work is direct and impact-driven. It is not abstract.
“Through my work, I’m able to directly support families in need,” he says.
In a city where many struggle with housing conditions, this role carries real weight. It also reinforces his connection to the community he grew up in.
Building a Career in Music Promotion
Alongside his trade work, Rodriguera built a second career in music. He organizes independent punk shows and festivals across Los Angeles.
These are not large corporate events. They are grassroots and community-driven.
Success in this space depends on trust and execution.
“You have to be someone people can rely on,” he explains. “Artists, teams, and partners need to know you’ll follow through.”
That reliability has helped him grow his reputation over time.
How He Handles Setbacks in Live Events
Live events come with risk. Plans change fast. Problems happen in real time.
Rodriguera recalls one major setback where an event faced last-minute changes. The situation created pressure and uncertainty.
Instead of reacting emotionally, he focused on solutions.
“I reworked logistics and strengthened communication,” he says. “I made decisions based on long-term integrity.”
That experience changed how he operates. It pushed him to improve his systems and be more selective with partnerships.
“It made me sharper and more disciplined,” he adds.
Leadership in Grassroots Communities
Rodriguera does not describe himself as a traditional leader. But his actions reflect leadership.
He builds teams. He organizes people. He delivers outcomes.
His leadership style is rooted in consistency and accountability.
“Not every situation will go as planned,” he says. “How you handle those moments defines your reputation.”
That mindset is critical in both trades and events. In both fields, people depend on execution, not just ideas.
Balancing Work, Family, and Long-Term Goals
Rodriguera puts strong emphasis on balance. He believes success is not just about professional wins.
“Personal and professional success have to work together,” he says.
He stays organized with short-term tasks and long-term goals. He breaks projects into smaller steps and tracks progress over time.
“I focus on what moves the project forward the most,” he explains.
Family also plays a key role. It keeps him grounded and focused.
Staying Resilient in a Demanding Career
Both of Rodriguera’s careers require resilience. There are setbacks, pressure, and uncertainty.
His approach is simple and direct.
“When things get heavy, I step back and break it down,” he says. “Even small moves keep you going.”
He does not dwell on self-doubt. He focuses on action.
This mindset allows him to keep moving forward, even during difficult periods.
Giving Back Through Work and Events
Community impact is a consistent theme in Rodriguera’s work.
Through his technical role, he helps families maintain safe living conditions. Through his events, he supports local vendors and artists.
He is also preparing for a major milestone. His final LA Punk Invasion festival will focus on giving back.
“My goal is to donate all remaining proceeds after expenses back into the community,” he says.
This reflects a full-circle moment. The same community that shaped him now benefits from his work.
A Career Built on Consistency and Trust
Rodriguera’s story is not about rapid growth or overnight success. It is about steady progress and long-term commitment.
He measures success by more than just outcomes.
“I look at whether the project stayed true to the vision,” he says. “And whether it made an impact.”
That focus on integrity and execution defines his career.
In both trades and music, he operates with the same principles: show up, follow through, and keep building.
That consistency is what sets him apart.
Business
Key Macro Charts Update: Still Looking Good
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