A year after a Hamas attack against Israel on October 7 and the ensuing Israeli invasion of the Gaza Strip, India's trade with most West Asian countries has largely escaped any major disruption, except with countries like Israel, Lebanon, and Jordan. However, repeated flare-ups of geopolitical tensions in the region continue to drive up shipping and logistics costs.
India has recorded the second-highest increase in domestic airfares in the Asia-Pacific (APAC) and West Asian regions, climbing by 43 per cent in the first half of 2024 compared to pre-pandemic levels in 2019, second only to Vietnam (63 per cent). India ranks third in fare increases during the same period in international skies, behind the United Arab Emirates (UAE) and Malaysia. The airfare study conducted by Airports Council International (ACI), which represents 617 airports in this region, was done in partnership with Flare Aviation Consulting.
Maruti Suzuki India Ltd (MSIL), the largest passenger vehicle manufacturer in India, has set a road map to expand its global presence by targeting exports of 800,000 units by the end of this decade -- almost double the approximately 280,000 units sent abroad in 2023-24, Rahul Bharti, executive director, corporate affairs, told Business Standard. The company's upcoming electric vehicle (EV) strategy is expected to play a crucial role in its global ambitions.
Exports to eight out of India's top 10 destinations, including the Netherlands, the United States (US) and the United Kingdom (UK), witnessed positive growth during the first six months of FY25, despite muted global demand amid geopolitical challenges, commerce department data showed.
The United Arab Emirates (UAE) has agreed to look into India's concerns over compliance to rules related to the import of silver products, platinum alloy and dry dates, the commerce department said on Tuesday. During a joint committee meeting under the India-UAE trade deal, officials from New Delhi raised concerns over the recent surge in imports of these products. These were being shipped to India, taking advantage of the lower tariffs under the pact.
The decision cuts the order book for the European company's newest jet, which is due to enter service in around six months' time, by around 10 per cent.
The interim government led by Professor Muhammad Yunus as the Chief Adviser has asked Bangladesh's envoys in India, Brussels, Canberra, Lisbon, and the Permanent Mission to the United Nations in New York to return immediately and report to the foreign ministry here as part of the latest reshuffle.
With a line-up of thrilling matches and intense competition, the ICC Women's T20 World Cup is sure to captivate fans around the globe. Stay tuned for updates and highlights as the tournament unfolds. Ahead of the tournament, here's everything you need to know about the upcoming ICC Women's T20 World Cup.
In a bid to attract more passenger traffic from India, UAE's Emirates airlines on Tuesday announced a special 'companion offer' on their newly launched service from five Indian cities to New York via Dubai.
The 517-seater superjumbo Emirates EK516 landed around 1500 hrs at IGIA.
'It shouldn't be that we travel to India and they don't come to our country. Idea is to settle it once and for all on equal terms.'
Arsenal were 2-1 winners over Paris St Germain and Valencia beat Inter Milan 2-0 on the first day of the pre-season Emirates Cup tournament on Saturday.
Smriti Mandhana showered praise on skipper Harmanpreet Kaur and said that the 35-year-old is fierce and always gives her best.
The four remaining teams at the European Championship will take centre stage in the semi-finals to be played on Tuesday and Wednesday.
Sri Lankan President Anura Kumara Disanayaka assured Prime Minister Narendra Modi that his country's soil will not be used against India's interests, addressing concerns over China's growing influence in Colombo. The two leaders discussed a range of issues, including a defense cooperation agreement, energy ties, and debt restructuring. They also agreed to initiate a ferry service between Rameshwaram and Talaimannar, and to adopt a "humanitarian approach" to the fishermen issue.
Kuwaiti authorities have identified the bodies of 45 Indians and three Filipino nationals killed in the tragic fire incident in a building housing foreign workers in the Gulf Kingdom, a top official said on Thursday.
UAE's international airline, Emirates on Monday announced an increase in its services to Kerala from February next with daily flights to Cochin and eight flights a week to Thiruvananthapuram.
The pilots of India's budget carrier SpiceJet would now be trained by flight training establishment of the Dubai carrier, Emirates.
Gulf carrier Emirates on Wednesday announced special fares for honeymooners from India, offering an up to 20 per cent discount on both business and economy class travel, to select destinations, including London and Paris.
Leandro Trossard transformed the mood at Arsenal with the winning goal as they recovered from an early setback to beat Tottenham Hotspur 2-1 at home.
Sri Lanka have raised security concerns with the England and Wales Cricket Board (ECB) amid the ongoing anti-immigrant riots in Britain, with players requesting increased security ahead of their upcoming test series against England.
Ben Stokes is notably absent from the list of 1,574 players who have registered for the IPL 2025 mega auction, scheduled for November 24 and 25 in Jeddah, Saudi Arabia.
India has reduced the time period for foreign investors to seek international arbitration from five years to three years as part of the recently signed investment pact with the United Arab Emirates (UAE), a departure from its model Bilateral Investment Treaty (BIT). Under the Investor-State Dispute Settlement (ISDS) mechanism, if the Indian judicial system is unable to resolve a dispute within this shortened period, investors can resort to international arbitration. The investment pact, signed on February 13 in Abu Dhabi, came into force on August 31, replacing the previous pact.
Setting foot to their homeland after several agonising months of captivity in Qatar, seven of the eight Indian navy veterans who were sentenced to death on 'espionage' charges, heaped praise on Prime Minister Narendra Modi, saying they wouldn't have been freed had it for the sustained diplomatic efforts at his behest to secure their release.
The 20 league matches will be split between Dubai and Sharjah with the semi-finals slated for Dubai and Sharjah on October 17 and 18 respectively. The final will be played in Dubai.
India's biggest listed developer, DLF, and Dubai's Nakheel have announced a joint venture with plans to invest more than $10bn to build two townships on 40,000 acres.
Indian students are looking at destinations that offer quality education coupled with unique cultural and career experiences, often at more affordable costs, says Gaurav Batra, CEO, Infinite Group.
Officials said Clade 1b strain has been detected in a 38-year-old man from Malappuram district who had recently returned from the United Arab Emirates.
Terming the Women's Premier League (WPL) a "great supply chain" for the national team, India head coach Amol Muzumdar on Thursday said his side is a frontrunner to win the ongoing T20 World Cup in the United Arab Emirates.
Dubai's Emirates Airlines has cancelled its 16 special flights to India, which were originally planned to meet the Christmas and New Year holiday rush.
In 2014, about 650,000 customers used Emirates' Wi-Fi service on board.
IMAGES from the English Premier League matches played on Wednesday.
Shah Rukh was a special invitee for the English Premier League match between Arsenal and Newcastle at the Emirates Stadium in London.
Leading air carrier Emirates Airline registered a staggering 94 per cent increase in profits at $247 million during the last fiscal and aims to tap more destinations in the Indian subcontinent.
'All competitors are sourcing within the country, so we'll be at the same level of competition.'
Tasting success with the relaunch of Sensex derivatives in the onshore market, BSE is preparing for the 'offshore' debut of its 30-share index, which has become synonymous with the domestic markets. Sources in the know said that the India International Exchange (India INX), a subsidiary of BSE, received approval in July from the International Financial Services Centres Authority (IFSCA) to launch Sensex 30 derivatives contracts.
