INDIAN INVESTMENTS IN EGYPT 2023
Archaeologists discover perfectly circular ancient Egyptian temple that may have been used for sacred water rituals
New discoveries at Tell el-Farama, ancient Pelusium, unveil a unique circular temple. This 2,200-year-old sanctuary, dedicated to the god Pelusius, showcases intricate water rituals. The site emphasizes Pelusium's historical role as a vital cultural and strategic hub. Excavations reveal a blend of Egyptian, Greek, and Roman influences, offering insights into ancient spiritual practices and interconnectedness.
Where to invest now: Chemicals, capital goods, and banking top the list, says Aditya Shah
Aditya Shah, Hercules Advisors Founder, suggests investing in India's domestic growth. His top picks are chemicals, capital goods, and banking. He advises caution on FMCG and defence sectors due to high valuations. Shah emphasizes selectivity and prioritizing companies with corrected prices. Investors should focus on domestic-facing businesses for potential gains.
GIFT City vs Dubai vs Singapore: What you need to know while choosing your investment hub
Indian wealth is increasingly seeking global anchors, with GIFT City, Dubai's DIFC, and Singapore emerging as key contenders. Each hub offers distinct advantages in access, tax efficiency, and regulatory comfort, catering to different investor profiles from first-generation entrepreneurs to established family offices.
Glade Brook in talks to join Sarvam’s funding; AI startup may hit $1.5 billion valuation
US-based Glade Brook Capital is in discussions to invest $20-25 million in Sarvam AI's $320-350 million funding round, valuing the AI startup at $1.5 billion. Strategic investors like Nvidia, Amazon, and HCLTech, alongside venture capital firms, are also participating in the round.
More, the merrier: Women in policymaking drive better social outcomes, economic gains, NCAER study shows
The ongoing parliamentary session addressing the 33% Women's Reservation Act underscores its profound economic and social advantages. Studies indicate that when women participate in policymaking, the results are transformative—leading to enhanced investments in healthcare and education and a significant drop in child mortality rates. Yet, India still trails behind in female political representation compared to the global landscape.
Austria bets big on Indian talent with Focus India partnership
Austrian and Indian relations are reaching new heights, fueled by a recent visit from Austria's Federal Chancellor, emphasising the evolution of their academic partnership. Already, 200 Indian students have commenced their studies in Austria, marking a milestone following the establishment of a migration agreement and collaborative economic efforts.
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Akshaya Tritiya Meets Smart Investing: The Rise of Digital Gold
Akshaya Tritiya, a day for prosperity, now embraces digital gold. This modern investment allows easy online gold purchases, offering convenience and flexibility. Investors can start small, ensuring consistent savings. Digital gold blends tradition with smart financial planning for a secure future. It provides a safe and accessible way to honor this timeless gold tradition.
Pakistan, Saudi Arabia, Turkey, Egypt FMs meet in Antalya
Foreign Ministers from Pakistan, Saudi Arabia, Turkiye, and Egypt met in Antalya. They discussed strengthening cooperation in areas of mutual interest. The ministers also exchanged views on regional dynamics. Dialogue and diplomacy were reaffirmed for peace and stability. This meeting follows previous talks between the four nations.
West Asia crisis: Govt expands export insurance scheme
India's government has expanded its RELIEF scheme to cover Jordan and Egypt. This move offers higher insurance to exporters facing disruptions from the West Asia crisis. The scheme aims to strengthen export resilience and sustain trade flows. Exporters obtaining new policies after March 16, 2026, are eligible. Reforms also target faster approvals for duty-free imports under the Advance Authorisation Scheme.
ETtech Deals Digest: Startups raise $46 million this week, down 66% on-year
Startups raised around $46 million in the week to 17 February, down 66% from the $135 million secured during the same period last year, according to data intelligence platform Tracxn.
Ancient Egyptian stone monument depicting a Roman emperor as a pharaoh discovered in Luxor
An ancient Egyptian stela, 2,000 years old, was discovered in Luxor. It shows Roman Emperor Tiberius as an Egyptian Pharaoh. This artifact reveals how Roman rulers adopted local customs to maintain power. The stela also details the reconstruction of a temple wall. It is a significant find for understanding cultural exchange and political strategies of the past.
High-ranking Pak terrorist shot once again: Here's a list of India's 'most-wanted' targets hit by 'unkown gunmen'
Amir Hamza shot: Over the past three years, several high-profile terrorists designated as “most-wanted” by India from groups like Lashkar-e-Taiba (LeT), Jaish-e-Mohammed (JeM), and Hizbul Mujahideen have been eliminated in Pakistan and PoK. Most incidents have been attributed by local reports to unidentified gunmen or mysterious circumstances.
Textiles Ministry plans duty cuts to shield industry amid West Asia crisis
In a bid to navigate the turbulent waters of global shipping issues, India's textiles ministry is advocating for lower duties on rayon pulp and certain cotton varieties. Furthermore, there's potential for a postponement of anti-dumping duties on specific yarns, which would significantly aid supply chains.
ETMarkets Smart Talk | AI boom driving Indian family offices to global markets; US offers richer playbook: Amit Goel
Indian family offices are increasingly looking beyond domestic markets as the global AI boom reshapes investment strategies. Limited pure-play AI opportunities in India are pushing ultra-HNIs to allocate more capital to global markets, especially the US, where AI, cloud, and digital infrastructure offer broader opportunities, aided by easier overseas investing routes like GIFT City.
War or no war: 5 ways to profit in a volatile stock market driven by geopolitics
Markets have been driven more by geopolitical headlines than fundamentals in recent weeks, with sharp swings triggered by developments around the Iran conflict. Despite a partial recovery, indices remain below earlier levels and elevated oil prices continue to pose risks. In this volatile environment, experts stress that disciplined investing matters more than trying to predict market moves.
IndiGo takes equity stake in air-taxi startup Sarla Aviation, backs eVTOL push
India's largest airline, IndiGo, has invested Rs 10 crore in Bengaluru-based Sarla Aviation, a startup developing electric flying taxis. This move follows IndiGo's previous non-binding partnership with Archer Aviation, which has now fallen through due to timeline issues. Sarla Aviation's Shunya eVTOL is designed for urban environments and aims for a 2028 launch in Bengaluru.
IndiGo takes equity stake in air-taxi startup Sarla Aviation, backs eVTOL push
IndiGo, India’s largest airline, has invested in Bengaluru-based Sarla Aviation, which is developing an electric aircraft to be used as flying taxis. The carrier picked up equity worth Rs 10 crore through its investment arm IndiGo Ventures in the startup in January, as per the Registrar of Companies filings.
Smallcap stocks have already erased Iran war losses. Is a bluechip breakout next?
India’s smallcap index has recovered above pre-war levels following the US-Israel-Iran conflict, while the Nifty and midcaps still trade below their late-February peaks, highlighting a sharp market divergence. The smallcap gauge has surged 2.3% to 16,051.40, supported by strong domestic participation. The trend reflects shifting equity ownership patterns, though questions remain on whether the rally can sustain or broaden further.
Washington Sundar says playing all formats for India is a blessing, not a challenge
Washington Sundar embraces playing across all formats for India. He calls it a beautiful blessing. Fitness is key to his consistent opportunities. He has worked on his batting power. Sundar aims to contribute to wins. He enjoys his role with Gujarat Titans in the IPL. He hopes for future success.
US Visa Bulletin May 2026: Green Card backlog for Indians remains high; EB-5 may see cut-off rollback
The US Visa Bulletin for May 2026 shows little movement in green card categories for Indians, with long backlogs continuing across family- and employment-based visas. Key categories remain unchanged, reflecting oversubscription. The bulletin flags rising demand in the EB-5 unreserved category, warning it may face retrogression or limits later in the fiscal year.
India activates global diplomatic grid to secure 9.5 lakh citizens amid West Asia crisis
India has evacuated nearly 9.5 lakh nationals from West Asia amid escalating conflict, with the Ministry of External Affairs coordinating large-scale air and land operations. External Affairs Minister S. Jaishankar is leading diplomatic outreach, while missions across the region provide 24x7 assistance, special evacuation routes and support for stranded citizens, including students and seafarers.
Physical AI startups out to play the big game
ET writes how robotics AI startups are seeing increased investments, signalling growing confidence in this space in India.
Brookfield set to divest 550 MW solar project in Bikaner; eyes ₹3K cr EV
Brookfield Asset Management is set to sell its 550-megawatt solar project in Bikaner, Rajasthan. The deal is valued at an estimated ₹3,000 crore. Investment bank Jefferies is managing the sale. Initial bids have come from overseas and domestic investors. This move is part of Brookfield's wider portfolio adjustments in India's growing renewable energy sector.
Over 9 lakh people evacuated from West Asia: MEA
As the security situation evolves in West Asia and the Gulf region, a senior MEA official said on Monday that wide-scale efforts are underway to ensure the safety and movement of the Indian community in the region, with over 9 lakh Indians having been brought back to the country.
Private Credit emerges as alternative investment when equities are still struggling to reach their past peak
The drop in equity indices, coupled with macro stress from the war in the Middle East, has led major equity brokerages to downgrade India. The ensuing flight of capital, along with the 11% depreciation in rupee in the past 12 months, has really tightened the "easy money" window for primary capital.
Iran war leaves crisis-scarred countries counting the cost
Iran war: Sri Lanka, Egypt, and Pakistan are struggling with rising energy costs. The Iran war has worsened their economic situations. These countries rely on energy imports, making them vulnerable. International bodies like the IMF are ready to provide emergency support.
Iran, UAE set to come face to face at BRICS India meet
India hosts a crucial BRICS meeting under its presidency. Senior officials from the UAE and Iran will meet for the first time since the West Asian conflict. The agenda covers regional issues, with particular attention on the current situation and its impact on Gulf states. India is working to ensure a successful outcome for the discussions.
Ankur Warikoo and his wife visited Egypt. These UNESCO sites amazed them more than the Pyramids
Entrepreneur Ankur Warikoo found Egypt's lesser-known sites more captivating than the iconic pyramids. Philae Temple's beauty and Karnak Temple's sheer scale left him in awe, comparable to India's Ellora Caves. Experiencing Cairo during Eid and witnessing the vibrant colours within ancient tombs in the Valley of the Kings added rich cultural layers to his immersive historical journey.
Since February 28, 7,88,000 passengers travelled to India from West Asia amid conflict: MEA
Since the inception of the conflict in West Asia on February 28 after US-Israeli strikes killed Iran's supreme leader Ali Khamenei, around 788,000 passengers have travelled to India from the region as hostilities escalated, the Ministry of External Affairs (MEA) stated on Wednesday.
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