INDIA UAE CORRIDOR
‘Ocean freight rates will come down eventually, we have seen this before’: DP World COO
Global ocean freight rates are predicted to decrease after a surge due to logistical disruptions from the US-Iran conflict. DP World rerouted shipping routes through India to mitigate the impact on trade, showcasing the importance of Indian partnerships. Investment in Jebel Ali Free Zone increased significantly, with over 270 new Indian companies starting operations recently. Alternative routes were implemented for Indian cargo to bypass maritime bottlenecks, enhancing connectivity for trade.
India-US ties shift to deal-making as Trump's Iran policy looms
India must adapt to a US relationship driven by pragmatic deal-making, rethink its diaspora policy amid anti-immigrant sentiment, and play a bigger role in easing Iran tensions and shaping the global order.
Diversification plan: NMDC scouts for mining assets across four continents
NMDC is actively seeking mining assets worldwide, including critical minerals to support various industries. The company aims to earn 20 percent of revenues from minerals other than iron ore. This expansion aligns with government initiatives to secure raw material supplies and decrease import dependency. NMDC's strategy is expected to enhance its role in India's manufacturing sectors. Industries such as automotive, renewable energy, and electronics will benefit from these efforts.
Canadian billionaire and Asian banking titans find ₹1.32 lakh crore worth of interest in India
In recent months, foreign investment in India’s financial sector has grown significantly, resulting in major acquisitions. Fairfax Financial Holdings secured a large stake in IDBI Bank, while Mitsubishi UFJ Financial Group poured resources into Shriram Finance. Additionally, Emirates NBD established a notable presence in RBL Bank. Such initiatives promise to alter the competitive dynamics and improve service capabilities in the Indian banking sector.
India building own strengths, establishing trusted partnerships amid evolving global landscape: EAM Jaishankar
External Affairs Minister S Jaishankar participated in a panel discussion on global connectivity in Abu Dhabi. He highlighted India's strategy to bolster domestic capabilities and establish reliable international partnerships. Jaishankar also held meetings with officials from Georgia and the UAE to discuss expanded collaboration. The discussions focused on trade, tourism, culture, and strengthening diplomatic ties between the nations. The engagements reflect India's proactive approach to navigating the evolving global landscape.
Jaishankar says globalisation irreversible, calls for greater resilience amid rising global risks
S Jaishankar, during his visit to the UAE, highlighted that globalisation is irreversible and must be approached with resilience. He mentioned the increasing competition and new chokepoints impacting regional dynamics. Jaishankar pointed out the significance of the India–Middle East–Europe Economic Corridor in enhancing connectivity. He also called for urgent reforms in multilateral institutions to reflect the new global order.
Skyroot eyes funding boost; MDR deferment cheers D2C brands
Happy Thursday! Skyroot is eyeing a big funding round as it gears up to scale rocket production. This and more in today’s ETtech Morning Dispatch.
IHC, First Abu Dhabi eye stake in Bandhan Bank promoter
Early investors GIC & IFC jointly hold 30% in Bandhan Financial Services (BFSL), keen to exit. PE funds tapped too to gauge strategic interest. BFSL, led by Bandhan founder Chandra Shekhar Ghosh, has been working with advisers Jefferies to find strategic investors for 25-32%.
India expanding trade footprint to strengthen global ties and empower MSMEs: Piyush Goyal
India is increasing its network of free trade agreements (FTAs) to integrate deeply with global economies. Nine trade pacts covering 38 developed economies have been concluded in the past four and a half years. The trade pacts are not merely confined to bureacratic corridors but also include discussions with stakeholders. India is wrapping up deals with Canada and UK alongside energy deals with GCC and trade relations in West Asia and Americas.
Payoneer India Cross-Border Excellence Awards 2026 closes with a blueprint for India’s next export leap
India’s exports hit a record $863.1 billion in FY26, yet the businesses driving that growth rarely share the spotlight. On September 25 in New Delhi, the Payoneer India Cross-Border Excellence Awards 2026, in association with The Economic Times, closed its 2026 cycle with a summit on market access, growth corridors and outbound compliance, and 16 category winners that show what Indian global enterprise looks like today.
Need to have multiple routes under IMEC: French Special envoy
Gérard Mestrallet emphasized the significance of developing diverse routes for the India-Middle East-Europe Economic Corridor, especially in light of the ongoing tensions in Iran, which have led to a reassessment of connectivity strategies. There is growing interest from Oman, Egypt, Lebanon, Greece, and Cyprus in contributing to the project’s expansion.
Opportunity alone doesn’t create trade. Connectivity does
BRICS 2026 has built momentum. The next chapter will depend on how effectively agreements are matched by the corridors, infrastructure, technology, and systems needed to move goods reliably, with alternatives when disruptions occur.
Egypt navigates Mecca pact, steps up ties with India
President Abdel Fattah el-Sisi of Egypt met Indian Prime Minister Narendra Modi to deliberate over the Mecca Pact. Their talks centered on fostering robust bilateral strategic partnerships, amid Egypt's choice to refrain from joining the defense pact. Observers remark that the Mecca Pact's relevance is questionable due to a shared enemy's absence. Nonetheless, Egypt positions itself as a crucial stabilizing force within the region.
Putin sees ‘very big potential’ in India ties, backs joint use of global trade corridors
Vladimir Putin highlighted significant potential for economic collaboration with India, particularly in transport and shipping corridors. He expressed readiness for joint maritime initiatives following successful pilot voyages with China and South Korea. Putin praised Prime Minister Narendra Modi's efforts towards resolving the Ukraine conflict through dialogue and mutual understanding. Meanwhile, discussions about alternative trade routes to the Indian Ocean are gaining traction to mitigate regional transit risks.
India-US trade pact to 'unleash another level' of ties, says American official; reveals deal is '90%-plus' done
A senior US State Department official said the India-US trade pact is “90-per cent-plus” complete, with only final issues being resolved. The official said the agreement could “unleash another level” of bilateral ties, while highlighting upcoming diplomatic engagements, including Marco Rubio’s India visit and the next Quad foreign ministers’ meeting.
CBSE Class 12 fresh exams: Board to hold exams for students in 7 West Asian countries whose papers were cancelled; no fee to be charged
CBSE will conduct fresh Class 12 examinations for eligible students in Bahrain, Iran, Kuwait, Oman, Qatar, Saudi Arabia and the UAE whose results were prepared under a special assessment scheme after board exams were cancelled due to the prevailing war situation. Students can appear for subjects of their choice among the 40 affected subjects, with no examination fee.
PhonePe gets in-principle approval for two UAE payment licences
PhonePe has secured in-principle approval from the UAE central bank for two payment licences, marking its first international market entry. The company plans to work with local banks and payment firms and explore integration with domestic rails such as Aani and Jaywan once it receives final regulatory clearance.
India needs multi-route energy strategy as West Asia tensions threaten supplies: Experts
Growing West Asian tensions expose India's energy supply vulnerabilities. Experts urge a multi-route strategy and diversified crude and gas suppliers. Expanding storage and port infrastructure is also crucial for national energy security. Alternative routes and logistical options are needed to maintain supplies during crises. India must build resilience through reserves and flexible refining capacity.
Oman's Sohar Port positions itself as Gulf gateway for Indian traders amid Hormuz tensions
Oman's Sohar Port is actively positioning itself as a gateway for Indian businesses. The port offers integrated facilities and investment opportunities across various industrial sectors. This strategic location provides Indian traders with an advantage for regional expansion. Sohar Port is a fast-growing global hub with value-added services for businesses. Oman's other ports like Salalah and Duqm also support Indian trade and investment.
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