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Financial Changes From Aug 01: UPI, Trading Hours, SBI's Air Insurance Among Key Updates
Financial Changes From Aug 01: UPI, Trading Hours, SBI's Air Insurance Among Key Updates

News18

time31-07-2025

  • Business
  • News18

Financial Changes From Aug 01: UPI, Trading Hours, SBI's Air Insurance Among Key Updates

From August 1, NPCI will limit UPI balance checks to 50 per day and set fixed autopay slots. RBI extends call money and repo market hours. Financial Changes From Aug 01: Starting August 01, several changes in the financial domain, ranging from digital payment, credit cards, to the trading market will come into effect. Some of these changes will directly impact you, making it harder for you to avoid them. Changes In UPI From August 01 The regulating authority of UPI, the National Payments Corporation of India (NPCI), has announced a set of regulatory changes in the predominant digital payment platform. These changes are aimed at making UPI more dependable, seamless, and less prone to disruptions, particularly during peak hours. The new API usage rules for all banks and payment apps—including updates to AutoPay and balance check features—will come into effect from next month. UPI users will only be able to check their account balance 50 times in a day from the limitless times as of now. NPCI has set fixed time slots for UPI autopay transactions. Instead of being processed randomly during the day, payments like subscriptions, EMIs, and utility bills will now be handled at specific times. While the change happens in the background, it's expected to improve platform speed and ease congestion. Changes In Trading Hours The Reserve Bank of India (RBI) has announced an extension in trading hours for the call money, market repo, and Tri-Party Repo (TREPs) markets in a two-phase rollout starting July 1, 2025. From July 1, the call money market will operate from 9:00 am to 7:00 pm. In the second phase, effective August 1, 2025, the trading hours for market repo and TREPs will be extended, with the new timings set from 9:00 am to 4:00 pm. SBI Changes Credit Card Rules The State Bank of India has announced that it will discontinue the complimentary air accident insurance cover currently offered on several co-branded credit cards. The change will impact cardholders of both ELITE and PRIME variants across multiple partner banks. The following cards will no longer offer the Rs 1 Cr air accident insurance: The following cards will no longer offer the Rs 50 Lakh air accident insurance: top videos View all Revision In Gas Cylinder Price OMCs may revise the LPG cylinder prices from August 01 for both domestic and commercial. Oil companies fixes the rates of LGP cylinders on the first day of each month in align with the global prices of crude and other expenses. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! view comments Location : New Delhi, India, India First Published: July 31, 2025, 11:57 IST News business Financial Changes From Aug 01: UPI, Trading Hours, SBI's Air Insurance Among Key Updates Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Inside Little Gay Pub's Big Philly Expansion
Inside Little Gay Pub's Big Philly Expansion

Eater

time22-07-2025

  • Business
  • Eater

Inside Little Gay Pub's Big Philly Expansion

is a food and travel writer based in Washington, D.C. He covers bars and restaurants, dishes and drinks, and the people and politics behind our food. He currently serves as the food columnist for the Washington Blade . For its second location, D.C.'s popular cocktail bar Little Gay Pub looked outside its capital hometown – up I-95 to Philadelphia. This newer, bigger Little Gay Pub (commonly known by its initials, LGP), opened its doors in late May just in time for Pride month. Located in the heart of the Gayborhood, LGP brings its cheeky touch to a new two-story space that's twice as large as the original. Little Gay Pub welcomes guests with stunning stained glass. Co-owners and longtime friends Dito Sevilla, Benjamin Gander, and Dusty Martinez are all decorated D.C. hospitality veterans. Sevilla spearheaded a subterranean cocktail den below Italian restaurant Floriana, Gander managed several local LGBTQ+ bars (Nellie's, Number Nine) for more than decade, and Martinez has played a host of roles at bars, from go-go boys to general manager at Trade. Coming out of the pandemic in summer 2022, the trio teamed up to fill a void they say was missing in the D.C. bar scene: 'a space where we ourselves wanted to hang out,' says Sevilla. Little Gay Pub was born later that year in Local Circle. Its sophomore location in Philadelphia is no different (102 S. 13th Street, Philadelphia). 'While we believe there's more room to grow in D.C. eventually, we thought, how we could expand the brand, and Philadelphia is a city we love, has a great gay community, and made the most sense,' says Sevilla. They spent time thinking through how the bar would welcome in the local community. Various nods to the city, some more explicit than others, pepper the space. 'We have lots of brass eagles around the bar,' Sevilla notes. In D.C., the art and LGBTQ historical memorabilia make up an important element of LGP; nearly every square inch of wall space is a suggestive print, historical archive, political note, or pop culture signal. It's made enough of a splash to attract local celebs like Nancy Pelosi. One standout design detail in Philadelphia is Princess Diana sporting an NFL Eagles jacket. 'It's something to celebrate the city, its history, and its icons,' says Sevilla, of its reigning Superbowl LIX champions. Little Gay Pub is known for its quirky decor. Little Gay Pub Similarly, the cocktail menu is a reflection of Philly, building on the D.C. drink options. The espresso martini, now a gay bar mainstay, is a top seller, as is the summertime perennial Aperol spritz. Gander notes that 'a fun find for us is that Philly loves tequila, so we have a few more tequila options.' See: the 'Big Gay Margarita,' a giant pint glass of a margarita popular on the first floor of the bar. New for LGP in this second spot is the beer-and-shot combo, also called a boilermaker; as well as the Tailspin, a take on the Paper Plane and nod to Philadelphia's aquatic plane shipyard. Even the glassware is Philly-specific (it's also on sale). For eats, the D.C. LGP has become known for its baskets of tater tots as well as 'dino bites,' or nostalgic chicken nuggets shaped like dinosaurs and served on cheese boards. These menu items are also around in Philly, though Sevilla promises that local options are in the works, including potentially a cheesesteak roll. Little Gay Pub is also infamous – Insta-infamous – for its bathrooms. The two stalls have become so popular for their selfies, they inspired a viral Instagram handle (@royal_flush_lgP) dedicated to reposting mirrored selfies in front of quirky and suggestive brass finishes. Martinez says that 'In Philly, we're lucky because we have more bathroom space.' One bathroom is modern, 'hypergreen' with a chandelier, and swan faucet; 'the selfies are going crazy,' he says. The second-floor restroom offers a 'Hollywood regency vibe, reflecting the English garden atmosphere of the bar space. It's a pink version of the green bathroom. We are impressed that the selfies are a thing.' The Philly interior starts with checkered floors and pink walls. Little Gay Pub As in D.C., the goal of LGP is not to compete but complement. As fans of the Philly Gayborhood for years, they are excited to be able to contribute to a beloved neighborhood – especially as some other local bars have recently closed. According to the owners, Little Gay Pub – whether in D.C. or Philly – is imbued with intentionality. Martinez says that LGP is 'inclusive, a welcoming space for everyone in the LGBTQ community. It's multigenerational, it's a place to both start or end the night, and a neighborhood vibe.' The design process took well over a year to get the inviting atmosphere right. The first-floor area is 'broody, almost masc,' says Martinez. Upstairs, however, speaks more to the name of the bar, with 'echoes of an English Garden.' Two months after opening, Martinez says that it's 'humbling to hear how happy our customers are. We see different facets of the community. LGP is not clubby, dancey, or loud, but just an inclusive space.' Eater DC All your essential food and restaurant intel delivered to you Email (required) Sign Up By submitting your email, you agree to our Terms and Privacy Notice . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Legends Global Partners adds to portfolio with Boardwalk at Bricktown in Oklahoma City
Legends Global Partners adds to portfolio with Boardwalk at Bricktown in Oklahoma City

Business Upturn

time14-06-2025

  • Business
  • Business Upturn

Legends Global Partners adds to portfolio with Boardwalk at Bricktown in Oklahoma City

DUBAI, United Arab Emirates, June 13, 2025 (GLOBE NEWSWIRE) — Legends Global Partners (LGP) proudly announces its involvement with the Boardwalk at Bricktown, a pioneering development in Oklahoma City that boasts the tallest tower in the United States. With an impressive 5 million square feet of development over nearly 4 acres, the Boardwalk at Bricktown project incorporates nearly 2,000 residential units, 1,000 hotel rooms, retail, and restaurant spaces, developed by Matteson Capital and designed by renowned architecture and planning firm, AO. 'Oklahoma City is experiencing a population boom,' said Scot Matteson, President of Matteson Capital and partner in LGP. 'As the city continues to grow, this is the perfect time to bring high density development that creates housing and jobs within the urban core.' As part of LGP's portfolio of high-impact developments, the Boardwalk at Bricktown project comes at a time when investment into large scale infrastructure projects are a priority across the country. With the recent news that DAMAC Properties, the largest private developer in the United Arab Emirates, will be investing $20 billion into data centers into eight U.S. states, Oklahoma is one of the prime areas of investment. The Oklahoma City Boardwalk project has already cleared regulatory hurdles, including approval from the City Council and Federal Aviation Administration. 'As we have seen in the Emirates, large scale projects like Boardwalk are just the beginning of possibility and the first step towards attracting new talent to a region,' remarked Arjomand, Founder and Chairman of Arjomand Group and partner in LGP. 'This is the time to create new, innovative, projects that serve the needs of the community while providing access for economic revitalization,' added Paul Edalat, Founder and Chairman of Vivera and partner in LGP. Oklahoma City continues to experience rapid growth and has been ranked as having the third lowest business cost among major metropolitan areas by Moody's Analytics. With the mix of aerospace, biosciences, and energy industry leaders and a young, educated workforce, Oklahoma City is a prime area for investment. LGP believes that a shift towards higher density urban areas will ultimately attract more diverse industries seeking to find highly skilled workers. LGP is actively pursuing a diverse range of transformative projects that reflect the evolving demands of modern development. In addition to the Boardwalk at Bricktown, LGP is also pursuing a 6.5 million square foot development project in Southern California. The Katella Gateway will be home to over 1,700 hotel rooms, 1,300 residential units, and a wide mix of retail and restaurant offerings. Ideally situated in the heart of Anaheim, the Katella Gateway development brings a unique mix of experiential offerings designed to enhance not only the city's tourism efforts, but the local community as well. These innovative projects are helping to define a new standard for experience-driven, sustainable communities—positioning them as the next great destinations that bring lasting benefits to cities, businesses, residents, and visitors alike. Alongside its Oklahoma City and Anaheim projects, LGP is actively working on innovative new developments in Hawaii, Miami, Los Angeles, New York, Europe, Asia, the Caribbean and Bahamas, and the United Arab Emirates. About Scot Matteson Scot Matteson, President and CEO of Matteson Capital, is a pioneering force in U.S. real estate development, known for delivering some of the nation's most iconic vertical projects and luxury developments. With a career defined by vision and innovation, Matteson brings to LGP a proven track record of executing large-scale developments that blend architectural ambition with cultural and environmental sensitivity. His diverse portfolio includes landmark projects such as The Boardwalk at Bricktown in Oklahoma City, Miami World Center, The Sapphire Tower in San Diego, The Icon Hotel in Houston, and luxury developments like Aspen One and The Residences at Little Nell in Aspen, Colorado. With a forward-thinking approach and deep industry expertise, Matteson plays a key leadership role in shaping LGP's mission to deliver transformative, mixed-use destinations in dynamic markets. About Farooq Arjomand Farooq Arjomand brings decades of global business leadership and real estate expertise to LGP as a founding partner. As the Founder and Chairman of the Arjomand Group, he has led a diverse portfolio of ventures spanning real estate, finance, manufacturing, and aviation across the GCC, Asia, Europe, and the U.S. His distinguished career includes key leadership roles such as Chairman of DAMAC Properties and founding member of Emaar Properties PJSC—two of the Middle East's most prominent real estate developers. He also currently serves as Chairman of Reborn Coffee, Inc. and Reborn Global. With a background in banking from HSBC and a strong track record of founding and scaling international businesses, Arjomand brings deep insight, strategic vision, and global perspective to LPG's mission of delivering transformative, mixed-use developments worldwide. About Paul Edalat Paul Edalat is a visionary entrepreneur and industry disruptor with over 30 years of experience building and scaling companies across the health and wellness, pharmaceutical, and nutraceutical sectors. As Chairman and CEO of Vivera Pharmaceuticals, he is recognized for his bold, future-focused leadership and unwavering commitment to innovation. In joining LGP, Edalat brings a sharp understanding of strategic growth, brand development, and operational excellence. His forward-thinking approach and proven ability to lead transformative ventures make him a valuable asset to the partnership—bringing a fresh perspective that is poised to redefine what's possible in mixed-use and community-centered development. Media Inquiries: Holly Jenvey [email protected] About Legends Global Partners: Legends Global Partners is real estate investment and development venture formed by Scot Matteson of Matteson Capital, Farooq Arjomand of the Arjomand Group, and Paul Edalat of Founder and Chairman of Vivera Pharmaceutics. Backed by a robust global pipeline exceeding $100 billion, LGP is focused on delivering transformative, large-scale developments that integrate pioneering design, advanced technology, and sustainable practices. By uniting the complementary strengths of its founding partners, LGP aims to redefine the landscape of real estate and investment—creating lasting value for communities, investors, and stakeholders around the world. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash

Legends Global Partners adds to portfolio with Boardwalk at Bricktown in Oklahoma City
Legends Global Partners adds to portfolio with Boardwalk at Bricktown in Oklahoma City

Yahoo

time13-06-2025

  • Business
  • Yahoo

Legends Global Partners adds to portfolio with Boardwalk at Bricktown in Oklahoma City

Firm's Debut Portfolio boasts $100 Billion in Project Deals Worldwide DUBAI, United Arab Emirates, June 13, 2025 (GLOBE NEWSWIRE) -- Legends Global Partners (LGP) proudly announces its involvement with the Boardwalk at Bricktown, a pioneering development in Oklahoma City that boasts the tallest tower in the United States. With an impressive 5 million square feet of development over nearly 4 acres, the Boardwalk at Bricktown project incorporates nearly 2,000 residential units, 1,000 hotel rooms, retail, and restaurant spaces, developed by Matteson Capital and designed by renowned architecture and planning firm, AO. 'Oklahoma City is experiencing a population boom,' said Scot Matteson, President of Matteson Capital and partner in LGP. 'As the city continues to grow, this is the perfect time to bring high density development that creates housing and jobs within the urban core.' As part of LGP's portfolio of high-impact developments, the Boardwalk at Bricktown project comes at a time when investment into large scale infrastructure projects are a priority across the country. With the recent news that DAMAC Properties, the largest private developer in the United Arab Emirates, will be investing $20 billion into data centers into eight U.S. states, Oklahoma is one of the prime areas of investment. The Oklahoma City Boardwalk project has already cleared regulatory hurdles, including approval from the City Council and Federal Aviation Administration. 'As we have seen in the Emirates, large scale projects like Boardwalk are just the beginning of possibility and the first step towards attracting new talent to a region,' remarked Arjomand, Founder and Chairman of Arjomand Group and partner in LGP. 'This is the time to create new, innovative, projects that serve the needs of the community while providing access for economic revitalization,' added Paul Edalat, Founder and Chairman of Vivera and partner in LGP. Oklahoma City continues to experience rapid growth and has been ranked as having the third lowest business cost among major metropolitan areas by Moody's Analytics. With the mix of aerospace, biosciences, and energy industry leaders and a young, educated workforce, Oklahoma City is a prime area for investment. LGP believes that a shift towards higher density urban areas will ultimately attract more diverse industries seeking to find highly skilled workers. LGP is actively pursuing a diverse range of transformative projects that reflect the evolving demands of modern development. In addition to the Boardwalk at Bricktown, LGP is also pursuing a 6.5 million square foot development project in Southern California. The Katella Gateway will be home to over 1,700 hotel rooms, 1,300 residential units, and a wide mix of retail and restaurant offerings. Ideally situated in the heart of Anaheim, the Katella Gateway development brings a unique mix of experiential offerings designed to enhance not only the city's tourism efforts, but the local community as well. These innovative projects are helping to define a new standard for experience-driven, sustainable communities—positioning them as the next great destinations that bring lasting benefits to cities, businesses, residents, and visitors alike. Alongside its Oklahoma City and Anaheim projects, LGP is actively working on innovative new developments in Hawaii, Miami, Los Angeles, New York, Europe, Asia, the Caribbean and Bahamas, and the United Arab Emirates. About Scot MattesonScot Matteson, President and CEO of Matteson Capital, is a pioneering force in U.S. real estate development, known for delivering some of the nation's most iconic vertical projects and luxury developments. With a career defined by vision and innovation, Matteson brings to LGP a proven track record of executing large-scale developments that blend architectural ambition with cultural and environmental sensitivity. His diverse portfolio includes landmark projects such as The Boardwalk at Bricktown in Oklahoma City, Miami World Center, The Sapphire Tower in San Diego, The Icon Hotel in Houston, and luxury developments like Aspen One and The Residences at Little Nell in Aspen, Colorado. With a forward-thinking approach and deep industry expertise, Matteson plays a key leadership role in shaping LGP's mission to deliver transformative, mixed-use destinations in dynamic markets. About Farooq ArjomandFarooq Arjomand brings decades of global business leadership and real estate expertise to LGP as a founding partner. As the Founder and Chairman of the Arjomand Group, he has led a diverse portfolio of ventures spanning real estate, finance, manufacturing, and aviation across the GCC, Asia, Europe, and the U.S. His distinguished career includes key leadership roles such as Chairman of DAMAC Properties and founding member of Emaar Properties PJSC—two of the Middle East's most prominent real estate developers. He also currently serves as Chairman of Reborn Coffee, Inc. and Reborn Global. With a background in banking from HSBC and a strong track record of founding and scaling international businesses, Arjomand brings deep insight, strategic vision, and global perspective to LPG's mission of delivering transformative, mixed-use developments worldwide. About Paul EdalatPaul Edalat is a visionary entrepreneur and industry disruptor with over 30 years of experience building and scaling companies across the health and wellness, pharmaceutical, and nutraceutical sectors. As Chairman and CEO of Vivera Pharmaceuticals, he is recognized for his bold, future-focused leadership and unwavering commitment to innovation. In joining LGP, Edalat brings a sharp understanding of strategic growth, brand development, and operational excellence. His forward-thinking approach and proven ability to lead transformative ventures make him a valuable asset to the partnership—bringing a fresh perspective that is poised to redefine what's possible in mixed-use and community-centered development. Media Inquiries:Holly Jenvey holly@ About Legends Global Partners:Legends Global Partners is real estate investment and development venture formed by Scot Matteson of Matteson Capital, Farooq Arjomand of the Arjomand Group, and Paul Edalat of Founder and Chairman of Vivera Pharmaceutics. Backed by a robust global pipeline exceeding $100 billion, LGP is focused on delivering transformative, large-scale developments that integrate pioneering design, advanced technology, and sustainable practices. By uniting the complementary strengths of its founding partners, LGP aims to redefine the landscape of real estate and investment—creating lasting value for communities, investors, and stakeholders around the in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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