Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.
United States President-elect Donald Trump on Tuesday said that he understands the Russian feeling with NATO (North Atlantic Treaty Organisation) being on their doorstep.
The airline in a statement attributed the decision to slash salaries to developments in the market, including the Gulf region.
rediffGURU Radheshyam Zanwar counsels students about how to pursue a career in science, medicine and technology.
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.
Major global airlines, including Gulf carriers, are keen to invest in this space.
The Indian arm of the Norwegian investment company Orkla ASA, which owns spice brands like MTR and Eastern, is exploring the possibility of launching an initial public offering (IPO) in 2025, said a top company executive. "The ASA board just cleared the proposal. "We had done a pre-IPO study last year to understand what we need to do and based on that the board said, 'okay, let's go ahead and explore capital markets'," Sanjay Sharma, CEO, Orkla India, told Business Standard.
The Popular Front of India (PFI), banned recently by the government for alleged terrorist links and spreading communal hatred, has a "well-structured and organised" presence in the Gulf countries for raising and mobilising funds, the Enforcement Directorate said on Monday after a local court took cognisance of its latest charge sheet filed against three PFI office-bearers.
Saudi Arabia relies more heavily on migrant labour than any other large country.
Lou also spoke about China's tensions with neighbouring countries without directly mentioning the eastern Ladakh border standoff with India since May 2020 which resulted in the Galwan Valley clash in June of that year.
Bangladesh was the largest source of foreign tourists, accounting for 21.4 per cent of all arrivals.
India's trade with the Gulf-Arab region stands at $180 billion. India needs the Gulf region more in terms of trade, investments and employment than the other way round. When it comes to faith, the Gulf-Arab nations have not been found wanting at any point in time, points out N Sathiya Moorthy.
The then prime minister Manmohan Singh had visited Doha in 2008.
Prime Minister Narendra Modi on Thursday thanked Qatari Emir Sheikh Tamim bin Hamad Al-Thani for the release of eight Indian nationals, who were sentenced to death after being arrested in Doha in August 2022.
'Christians, for example, make up 2 per cent of India's population but an estimated 16 per cent of those who were born in India now reside elsewhere,' said Pew.
The Indian Navy, which regards itself as the 'net security provider' in the Indian Ocean Region, has also stepped up to the plate, with a warship stationed at all times off the Gulf of Aden for counter-piracy tasks. 91 Indian warships have been deployed in the region since 2008, patrolling high risk areas where piracy was rampant.
Prime Minister Narendra Modi on Wednesday inaugurated Abu Dhabi's first Hindu stone temple amid devotional chants and in the presence of spiritual leaders of the Swaminarayan sect.
If things work out, it will be a great leap forward in the Indian-Iranian economic ties in the new phase of Iran's reintegration with the world market following the lifting of sanctions, says Ambassador M K Bhadrakumar.
All 26 Indian crew on board the Indian ship were safe.
What is unfolding in the Gulf and the Middle East is nothing short of a remaking of that region in geopolitical terms. The Iran nuclear issue is a mere smokescreen.
It is the first visit to India by a senior minister of a member nation of the Organisation of Islamic Cooperation after the controversial remarks triggered anguish in the Arab world.
The latest flashpoint in West Asia has derailed India's preliminary plans to resume crude oil imports from Iran, officials said. In January, officials of the Ministry of Petroleum and Natural Gas had told Business Standard that the government had been studying proposals for the same, given that India was trying to expand sources of imports. "We are always monitoring the situation when it comes to crude flows.
The Indian Navy has swiftly responded to a call for help following a hijacking incident involving a Malta-flagged cargo vessel with 18 crew on board in the Arabian Sea, officials said on Saturday.
India is pushing for greater disclosures by credit card companies, fintech firms, and payment aggregators (PAs) at the Financial Action Task Force (FATF), so that the sender and recipient in a cross-border financial transaction can be easily identified and the information shared with law enforcement agencies. Separately, the inter-governmental group, which sets standards to curb money laundering, will release the fourth round of its mutual evaluation report on India on September 19. FATF in June had adopted the mutual evaluation report on India and placed the country in the "regular follow-up" category - the highest rating given by the global watchdog and a distinction shared by only four other G20 countries.
Air India has recorded 19.5 per cent rise in sales revenue in the Gulf-India route in the past three months, a senior official of the Indian national carrier said.
The Southeast Asian nation has been focusing on modernising its military in the face of myriad security challenges as well as decades-long territorial disputes with China in the South China Sea.
"The two sides note that the relationship between Russia and China has progressed to a more advanced interstate cooperation compared to the military-political unions of the Cold War era as it is not bloc or confrontational in nature, nor does it target any third countries," Russia's new agency Tass quoted the document as saying.
Top government officials in New Delhi have started discussions with stakeholders ranging from shipping and container companies to export promotion councils to understand the impact of the Iran-Israel tensions and plan ahead. Inter-ministerial talks are also being lined up amid the crisis situation in West Asia, sources confirmed. While the crude flows are not directly under any threat, elevated oil prices remain a concern, according to officials.
US President Donald Trump spoke with Saudi Arabia's King Salman amid the Arab world's biggest diplomatic crisis in years over Qatar's alleged support to extremists, reports Lalit K Jha.
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Fast rising salaries in India and increasing cost of living in the Gulf are forcing employers in Dubai to offer above-average pay packets to retain Indian professionals, according to a new survey.
There have been growing global concerns over China's sweeping claims of sovereignty over all of the South China Sea, a huge source of hydrocarbons.
Saudi Arabia's crown prince and the presidents of Egypt, Turkey and Algeria, as well as the United Nations Secretary-General, are among leaders at the in a tent-shaped stadium ahead of the first match between the hosts and Ecuador.
According to the minister, many workers come to the UAE and other Gulf countries on visit visas and then extend their stay, thus landing in trouble.
"After more than 12 hours of intense coercive tactical measures as per the SOPs, the pirates on board the hijacked fishing vessel were forced to surrender. The crew, comprising 23 Pakistani nationals, have been safely rescued," the Indian Navy added.
The MSC Aries was last seen on Friday, sailing towards the Strait of Hormuz off the coast of Dubai, according to The Times of Israel.
"The Navy has already re-deployed a warship to the Gulf of Aden. The ship, which was in the region, was asked to rush to the Gulf of Aden following the government orders," a naval officer said in New Delhi.
Speaking at a programme in Kolkata on Tuesday night, he said that in the past, even the US has been appreciative of the fact that the Chabahar port has a larger relevance.
China welcomes all initiatives that truly help developing countries build infrastructure and sincere efforts to promote connectivity and common development, the Chinese Foreign Ministry said.
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