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  • India rushes to quell outrage after insulting remarks on Islam

    Some of India's top officials were engaged in managing the diplomatic fallout as nations including Qatar, Saudi Arabia, Oman, the UAE, Afghanistan, Pakistan and Iran demanded an apology from the government for allowing the derogatory remarks, an Indian foreign ministry official said.

  • Saudi Arabia’s Abdul Latif Jameel invests $150mln in India’s EV company

    Saudi auto distributor Abdul Latif Jameel Co. has made a strategic investment of $150 million in India's Greaves Electric Mobility, the electric vehicle arm of the engineering firm Greaves Cotton. The initial investment of $150 million is for a 35.8 percent stake on a fully diluted basis in GEM, which retains the option to draw down an additional investment of $70 million within 12 months.

  • The US overtakes China as India’s top trade partner

    In the financial year ended in March 2022, bilateral trade between the US and India stood at $119.42 billion (9.25 lakh crore rupees), as against $80.51 billion in the previous year, according to the Indian commerce ministry. For China, the figure stood at $115.42 billion in the same period.

  • The Middle East’s is worried India will ban rice exports next

    For instance, there has been a surge in demand for basmati rice in the Middle East, where prices are rising by $20-$30 per tonne. “We are suddenly witnessing a huge demand from the Middle East,” Gautam Miglani, owner of Haryana-based basmati rice exporter LRNK, told Economic Times. “The buyers are offering exporters a premium for urgent shipping of the grain. Rumours are going around that the government might put an export ban on basmati rice after it had banned wheat exports. This is fuelling the exports.”

  • Why is India’s economy looking so bleak?

    What sucking out cash from the system did in 2016, was followed up by a patchwork rollout of the Goods and Services Tax in 2017. More pressure. The final nail in the coffin has been the insidious rise and rise of inflation. In April this year, inflation at the retail level surged to an eight-year high of 7.79%. The wholesale price index hit a record high of 15.1%, the outcome of rising prices of vegetables, fruits, milk, manufacturing, fuel, and power.

  • Saudi Arabia bans travel to 16 countries including India over new Covid outbreaks

    The sixteen countries where the citizens of Saudi Arabia are banned to travel apart from India include Lebanon, Syria, Turkey, Iran, Afghanistan, Yemen, Somalia, Ethiopia, the Democratic Republic of the Congo, Libya, Indonesia, Vietnam, Armenia, Belarus, and Venezuela, reported Gulf News.

  • How Bollywood expertise can cement cultural ties that bind Saudi Arabia and India

    The twin facts of India being a market with immense potential and the presence of a large Indian diaspora in the Kingdom make the nation of 1.38 billion people a natural partner for Saudi Arabia as it seeks to diversify its economy away from oil and into the creative industries, among other fields.

  • What is happening to Indian shipments to Russia?

    India dispatches goods worth about $4-4.5 billion annually to the Commonwealth of Independent States (CIS) nations—Russia, Ukraine, Azerbaijan, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, and Uzbekistan. Of this, Russia alone accounted for $2.85 billion until January this year, and Ukraine for $427 million.

  • India experiences its hottest March in 122 years

    The number of heatwave days in India is increasing at a rapid pace every 10 years, an ongoing study by the Met Department showed. From 413 in 1981-90 to 575 in 2001-10 and 600 in 2011-20, the number of days that see extremely hot days is persistently increasing at 103 weather stations, mostly in inland areas, the study showed.

  • Saudi food startup raises $ 170 mn from Sequoia Capital India, others

    Sequoia Capital India and Prosus NV have backed a $170 million funding round for Saudi Arabian food and beverage technology startup Foodics, as global investors increasingly seek to back fast-growing firms in the Middle East.