The Indian government has ordered shipowners, ship managers and recruitment workers not to place its citizens on voyages through the Strait of Hormuz waterway until further notice, a report in The National newspaper said.
UAE wealth fund Abu Dhabi Investment Authority (ADIA) has acquired Rs730 million ($7.6 million) shares in Indian building materials and steel supplier SG Mart. With this move, it has also become an anchor investor in the $1.2 billion IPO of State Bank of India Funds Management.
Emirates has introduced a flexible Equated Monthly Instalment (EMI) payment option for customers in India, allowing travellers to book flights to nearly 140 destinations and pay in affordable monthly instalments.
India has emerged as the leading source of overseas online interest in Dubai's property market, accounting for more than one-fifth of international search traffic over the past three months followed by the UK (13.26%) and Egypt (12.60%), said a top Dubai brokerage.
Shell Overseas Investment, a wholly owned subsidiary of Shell, has signed an agreement with Aditya Birla Renewables Limited (ABRen) to sell 100% of Solenergi Power Private Limited, which includes the Sprng Energy group of companies, for $1.8 billion.
SmartWatt Consulting and Integrated Energy Services, an Abu Dhabi-headquartered energy technology company, has partnered with India's BSES Rajdhani Power to develop AI-enabled demand-side flexibility solutions for capital Delhi's electricity network under the Muruna Initiative.
India-based VA Tech Wabag, a global leader in water and wastewater treatment solutions, has announced that its consortium has secured a major contract for the development of the third phase of Ajman Sewage Biorefinery Plant in UAE with a 60 million litres per day treatment capacity.
IMI has announced a major investment in India with the launch of a new manufacturing and engineering facility in Chennai, Tamil Nadu, strengthening its regional operations and production capabilities.
The Gamechangers Middle East, the UAE-born startup investment series and entrepreneurship platform, has received an overwhelming response ahead of its application deadline. A fully functional investment and mentorship platform, it has been co-created and headlined by Indian actor R. Madhavan.
India is looking to attract greater participation from overseas Indians in its growth story as Non-Resident Indian (NRI) deposits reach approximately $166 billion, including $33.7 billion in Foreign Currency Non-Resident (FCNR) deposits, said industry leaders at a key event in Dubai.
