#India

Renuka Jagtiani on Landmark’s billion-dollar bet on the future

Renuka Jagtiani on Landmark’s billion-dollar bet on the future

The chairwoman of Landmark said the retail conglomerate plans to refresh its existing stores and enhance its online presence and operations

Adani Enterprise Ltd Image IHC X

6 major fallouts for Adani Group after US bribery indictment

The US has indicted its billionaire chairman Gautam Adani for alleged bribery and fraud to win contracts for a group company, Adani Green Energy

Empowering women entrepreneurs: unlocking a multi-trillion-dollar opportunity

The road to business growth and sustainability for women entrepreneurs is often fraught with obstacles, writes the author

Ratan Tata, patriarch of Indian conglomerate, dies at 86

Ratan Tata, who put India’s Tata Group on the global map, passes away at 86

He took the helm of the Indian conglomerate when his uncle J.R.D. Tata stepped down in 1991

ADIA starts operations in India’s GIFT City office

Abu Dhabi fund ADIA boosts global presence with GIFT City office

The fund will undertake a phased transfer of certain existing Indian investments to its GIFT City subsidiary

Rorix Holdings, Adani Ports ink MoU, target commodities market ecosystem

Rorix Holdings, Adani Ports ink MoU, target commodities market ecosystem

The partnership aims to enhance transparency, efficiency and security within the commodities market, benefitting stakeholders across the globe

Carrefour forays into India in partnership with Apparel

Carrefour teams up with Dubai’s Apparel Group to expand into India

The partnership will be aimed at North India initially, with further expansion planned across the country

India’s SpiceJet faces fresh regulatory challenges

India’s aviation watchdog puts SpiceJet under enhanced surveillance

The current disruption is the latest in a long list of troubles for SpiceJet, which has struggled to restore operations

Gold

Gold’s run to record high may crimp demand: Insight

The combination of bearish and bullish factors for gold may end up having the effect of keeping the price in a relatively narrow range for the rest of the year

India’s duty cut halts silver, platinum imports from UAE

India’s duty cut halts concessionary silver, platinum imports from UAE

The world’s second-biggest bullion consumer slashed import duties on gold and silver to 6 per cent from 15 per cent

Fitch says GCC banks show strong interest in global expansion

GCC banks show robust interest in global expansion, Fitch says

Several banks in the region are reportedly considering acquisitions in Turkiye, Egypt, and India to diversify business models and enhance profitability

India further tighthens rice shipments -Getty Images-653903198

GCC food market to benefit as India plans to ease rice export curbs

New Delhi exports more than 4 million metric tons of premium long-grain rice to countries such as Iraq, Saudi Arabia, the UAE and the US

FAB refutes reports of $5bn Yes Bank stake as “unfounded”

‘Unfounded’: FAB dismisses reports of Yes Bank stake purchase

The UAE’s biggest lender by assets categorically denied that it is evaluating any possible offer for a stake in Yes Bank

Egypt - WHEAT - BRICS

BRICS countries back grain exchange idea, Russia says

The exchange would allow buyers to purchase directly from producers

Embraer sees Saudi Arabia and India as strategic defence markets

Embraer sees Saudi Arabia, India, EU, US as strategic defence markets

A potential Saudi purchase could involve 25 units, and the planemaker expects the country to make a decision in two to four years

KUWAIT-MANGAF-FIRE

Tragic fire in Kuwait’s Ahmadi Governorate claims at least 49 lives

Kuwaiti authorities said that the death toll may go up with many more seriously injured in the blaze

narendra modi

FII’s sell record $1.5bn in Indian equities after mixed results for Narendra modi-led BJP in 2024 elections

The Bombay Stock Exchange, which crashed 3,000 points on June 4, erased its entire 2024 gains in a single day on the back of poll results

India

India elections 2024: Modi’s alliance to win big, exit polls project

Exit polls project BJP-led alliance to win 350+ of 543 seats in India’s general elections

spice - Everest

Who are the two iconic Indian spice brands under scrutiny?

For decades, India’s spice makers MDH and Everest have been ubiquitous in kitchens around the world, with their products being essential ingredients in a range of preparations

oil

India’s Reliance starts trading US oil setting Brent oil benchmark

The move by Reliance comes as India, the world’s third-biggest oil importer and consumer, is looking to diversify its oil supplies

Investcorp to acquire National Stock Exchange’s tech unit

Investcorp to acquire National Stock Exchange’s tech unit

The deal excludes NSEIT’s digital examination business, which offers online recruitment and promotion tests as well as digital upskilling services

Schengen visa process to go digital from 2028

Major Schengen visa update for Bahrain, Oman, Saudi Arabia and India

Under the new arrangement, nationals of Saudi Arabia, Oman, and Bahrain will be eligible for five-year multiple-entry Schengen visas

Tesla

Tesla promises ‘more affordable’ cars but India, Mexico plants on hold

The automaker said its plan for new models would let it better control capital expenditures during “uncertain times”

Oman

Oman trade deal a priority for India: Reports

The trade ministers of India and Oman met in December 2023 and had asked their negotiators to wrap up talks on a comprehensive pact

Mubadala invests in Avanse

Mubadala invests in India’s Avanse Financial Services

Avanse, India’s second-largest NBFC in the education finance sector, provides hyper-personalised education financing solutions to students

onion ban - India

India extends ban on onion exports indefinitely ahead of general election

Traders estimate that India accounts for more than half of all onion imports by Asian countries

India cabinet approves Middle East-Europe trade corridor pact

India cabinet approves Middle East-Europe trade corridor pact

The corridor is an ambitious ship and rail network that will connect Europe with India through the UAE, Saudi Arabia, Jordan and Israel

India, UAE sign pact on trans-continental trade corridor

India, UAE sign pact on trans-continental trade corridor

The two countries also signed a bilateral investment treaty and exchanged cooperation agreements covering electrical interconnection, trade, and digital infrastructure

Sheikh Mohamed in Gujarat

UAE President Sheikh Mohamed lands in India for Vibrant Gujarat Global Summit

The Vibrant Gujarat Global Summit will see the participation of 34 countries and 16 international organisations in its 10th edition