The Crown Prince of Dubai, Sheikh Hamdan bin Mohammed Al Maktoum, will visit India on April 8-9, during which he will meet Prime Minister Narendra Modi, hold talks with External Affairs Minister S Jaishankar and Defence Minister Rajnath Singh, and participate in a business roundtable seeking to bolster India-United Arab Emirates ties.
Pakistan Prime Minister Shehbaz Sharif has called on "brotherly" countries, including Saudi Arabia, to urge India to de-escalate tensions after the Pahalgam terror attack that killed 26 people. Sharif met with ambassadors from Saudi Arabia, the UAE, and Kuwait, reiterating Pakistan's commitment to peace in South Asia. He rejected India's accusations linking Pakistan to the attack, emphasizing Pakistan's own history as a victim of terrorism. The meeting comes amidst heightened tensions between the two countries.
The CBI has significantly increased the rate of fugitive repatriation, bringing back 134 individuals in the last five years, doubling the number from the previous decade. This success is attributed to enhanced diplomatic efforts, technological advancements, and improved coordination with Interpol.
The US intelligence assessment highlights Pakistan's near-certain procurement of weapons of mass destruction-applicable goods from foreign suppliers, primarily through Chinese support.
Gukesh is currently sharing the 8th spot on 1.5 points along with Abdusattorov and Duda.
India has reached out to Denmark and other non-permanent members of the UN Security Council to apprise them of the Pahalgam terror attack and its cross-border linkages. External Affairs Minister S Jaishankar has spoken to his counterparts from several nations, conveying India's resolve to bring the perpetrators to justice. The outreach comes as India mulls options for responding to the attack, with Prime Minister Modi assuring the harshest response for the "perpetrators and conspirators." India has also received condolences and condemnations from world leaders, including US President Donald Trump and French President Emmanuel Macron.
Electric cab-hailing platform BluSmart remained non-operational on Thursday across Delhi-NCR, Bengaluru, and Mumbai, as the market regulator cracked down on its co-founder over alleged misuse of funds at an affiliated company. BluSmart app, that offered more than 8,000 taxis in the three metros, stopped taking bookings on Wednesday evening and remained unoperational on Thursday as well.
In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.
Modi was honoured with the 'Order of Zayed', the UAE's highest civilian award, in 2019 as a mark of appreciation for his efforts to boost bilateral ties between the two nations.
Gold import from the UAE at a lower rate of duty -- in terms of an agreement -- has posed a survival challenge for the Indian refining industry while hurting the price discovery of the metal, with the India International Bullion Exchange starting operations at GIFT City. The problem has arisen after the government signed the Comprehensive Economic Partnership Agreement (CEPA) with the UAE. Under it, Indian jewellery manufacturers have been allowed to import gold at a concessional rate of 14 per cent against 15 per cent, which is normal.
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.
The 16th Brics Summit beginning Tuesday in Kazan, Russia, is expected to see more focus on creating a sharper energy policy for Brics that ensures closer partnership among members in both energy security and energy transition, official sources said. The same is expected to be a part of the Kazan declaration, currently being negotiated, they added.
Dubai-based billionaire BR Shetty has sued Bank of Baroda (BoB) and audit firm Ernst & Young (EY) in a New York court, accusing them of ignoring fictitious and fraudulent transactions that resulted in NMC Healthcare going bankrupt. Shetty is seeking $8 billion in damages in the suit that also names the top management of NMC Healthcare, and Netherlands-based Credit Europe Bank. A top NMC Healthcare official confirmed the development to Business Standard and said despite several meetings, senior BoB officials in India did not take remedial steps for fear of getting involved in an international ponzi scheme perpetrated by then senior management officials.
Several exchanges are facing a cash crunch with committed investment not coming from venture capital funds and trading activity seeing a sharp decline, reports Rajesh Bhayani.
The government's initiative to migrate SEZ data from NSDL software to ICEGATE system for streamlined reporting of import data caused double counting of gold imports, resulting in inflated figures and the issue has now been largely rectified, government sources said. The downward revision has provided the actual picture of trade deficit (difference between imports and exports), which was earlier looking very high. The deficit for November will now be revised downwards from $37.84 billion to about $32.8 billion. Similarly, there will be a revision in overall import numbers as well.
The Palestinians have slammed the deal, calling it a 'betrayal' of the Palestinian cause and have demanded its retraction, spokesperson of Palestinian President Mahmoud Abbas said.
UAE Exchange partners ElectraCard Services to launch 'gocash', which enables cardholders to use appropriate currency loaded on the card.
Israel and the UAE agreed to normalise their relations, and an agreement on the mutual establishment of embassies is expected to follow in the coming three weeks.
Remittances by non-resident Indians (NRIs) saw a 27 per cent jump at $ 6.5 billion (Rs 39,991.9 crore in present valuations) between January and September this year, as against 7 per cent growth during the same period last year.
Out of 24,230 IIT and NIT grads, about 8,000 students didn't find any takers during campus placement drives this year.
The UAE exchange will launch an innovative remittance facility called wallet telephone software in Dubai on January 10 and later extend it to other Gulf countries and India.
Dubai Gold and Commodities Exchange, the world's newest commodities exchange and the first such marketplace in the Middle East, started trading this morning.
Those who consider the rupee as a proxy for virility have started thumping their chests and dreaming of dethroning the dollar from its coveted position, observes Tamal Bandyopadhyay.
The Arab Accord -- essentially bilateral agreements with Israel -- does not mention the Israeli-Palestinian conflict.
Prime Minister Narendra Modi on Friday met Israeli President Isaac Herzog and underscored India's support for an early and durable resolution of the Israel-Palestine issue through dialogue and diplomacy.
India became the UAE's largest trading partner in 2009, ousting China from the top position and accounting for nearly 15 per cent of the countrys total commercial exchanges, a new study has revealed.
Emirates Telecommunications Corporation (Etisalat) has made a representation through the UAE government to request the Enforcement Directorate to withdraw a showcause notice over alleged violations of the Foreign Exchange Management Act (FEMA), insofar as it relates to the company and its directors on the board of its Indian joint venture Etisalat-DB Ltd. The UAE (United Arab Emirates) government owns 60 per cent of the Etisalat group.
Aravindh Chithamabaram took his tally to 3.5 points out of a possible four.
India's merchandise exports rose by 9.1 per cent to $38.13 billion in May even as the trade deficit widened to a seven-month high of $23.78 billion during the month, according to government data. Healthy growth in sectors, such as engineering, electronics, pharmaceuticals, textiles and plastics helped register growth in exports despite global economic uncertainties.
'The Indian side has realised that not talking to Pakistan has not served any useful purpose.'
It is well known that Israel would welcome a diplomatic relationship with Pakistan and feelings of a section of the Pakistani military were likewise.
Two suspects arrested for allegedly plotting terror strikes on ONCG headquarters and two markets in prime areas in Mumbai had received money from a Pakistani national based in Dubai through a UAE financial firm, says the chargesheet filed by Maharashtra Anti-Terrorism Squad (ATS) in a local court.
The Reserve Bank has rejected applications of Flipkart co-founder Sachin Bansal-backed company Chaitanya India Fin Credit Private Limited, and five others for setting up banks as these were "not found" suitable, an official statement said on Tuesday. The RBI in a statement said the examination of six applications has now been completed as per the procedure laid down under the guidelines. "Based on the assessment of the applications, (six) applicants were not found suitable for granting of in-principle approval to set up banks," it said.
During his visit, first by an Indian prime minister in 34 years, Modi will seek to enhance cooperation in energy and trade and reach out to investors to hardsell India as an attractive business destination.
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SBI will hold 30 per cent in RIL joint venture
Indian Grandmaster D Gukesh scored a crushing victory over Alexander Donchenko in the 10th round of Tata Steel Masters in Wijk Aan Zee, Netherlands on Thursday.
The accused -- Lemos, his wife Valany and Ryan D'Souza -- were convicted on Sunday by the Dubai Misdemeanours Court in the 515 cases filed against them
Terming his discussions as 'fruitful and productive', Modi said the discussions were wide ranging, covering the entire spectrum of the bilateral engagement.
The Enforcement Directorate, which has been investigating the Mahadev app-linked money laundering case for more than a year, alleged in the past that its probe has shown involvement of various high-ranking politicians and bureaucrats from Chhattisgarh, where the two main promoters of the app hail from.
Abu Dhabi national carrier had bought 24 per cent stake in Jet Airways for $379 million in April.
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