#India

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

How Archer aims to revolutionise travel in the UAE

Flying Taxis: How Archer aims to revolutionise travel in the UAE

Nikhil Goel, chief commercial officer of Archer Aviation, showcases how the company is leveraging the strong global demand and its robust ecosystem to revolutionise urban air mobility

India China

India’s economy follows China to reach rapid take off: Kemp

India is entering the central take-off portion of the S-curve when urbanisation, industrialisation, household incomes and energy consumption increase most rapidly

rupee

India’s rupee hits fresh new low against UAE dirham

India’s currency has weakened slightly against the UAE dirham in early trade, mainly off the back of dollar strength

AUSTRALIA LIFT CRICKET WORLD CUP-2023

Cricket World Cup 2023: Australia stun hosts India to lift trophy

The Pat Cummins-led Australian side cruised to a win with seven overs remaining

Google looks to India for Pixel phone manufacturing to India Google pixel image: Google (X)

Google looks to India for Pixel smartphone manufacturing

Google counts India as a key growth market, where most smartphones run on its Android ecosystem

Air India Express gets new livery image Air India express X

Air India Express unveils new livery, logo

The Air India Group also said it will induct an aircraft into its fleet every six days between now and the end of 2024

Cricket Ball On The Pitch

Cricket World Cup 2023: Teams, fixtures, live stream details

India is hosting the top cricketing nations as they compete in the ICC Men’s ODI World Cup

RICE EXPORT

India to export rice to the UAE: 75,000 tonnes approved through NCEL

Despite the larger ban, India is shipping rice to friendly and food vulnerable countries on their request to meet their food security demands

travel warning canada

India-Canada diplomatic row: Travel warnings followed by visa suspension

The diplomatic rift comes in the backdrop of tensions concerning the actions of some members of the Sikh diaspora in Canada