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  • India, 5 Stans trade via Iran

    At the first ever India-Central Asia Summit held virtually on Thursday to take ties to “new heights”, Prime Minister Narendra Modi and the Presidents of Tajikistan, Uzbekistan, Kazakhstan, Kyrgyz Republic and Turkmenistan decided to strengthen trade links and connectivity through the Iranian port of Chabahar that is being developed by India and provides sea-land access to land-locked Central Asia and the International North-South Transport Corridor (INSTC).

  • India emerges as Saudi Arabia’s second-largest trading partner

    India’s Department of Commerce found that for the current financial year (April-November), trade between the two countries was $24.9 billion, an increase of 94 percent over the same period last year. It is especially heartening to note that current trends suggest that bilateral trade will surpass pre-pandemic levels.

  • India, Saudi Arabia and France lead GDP growth in 2021

    India, Saudi Arabia, France and Turkey are leading the bounceback from COVID-19 across the G20 forum of the world’s major economies, according to new data. The Organisation for Economic Co-operation and Development (OECD), a 38-country grouping that advises policymakers, estimates that in the third quarter of 2021, India enjoyed 12.7% growth in its Gross Domestic Product (GDP) – the value added by a country’s production of goods and services.

  • Saudi Aramco eyes new investments in India after Reliance scraps deal

    Saudi Aramco said it will continue to look for investment opportunities in India, days after Reliance Industries Ltd scrapped a plan to sell a stake in its oil-to-chemicals unit to the Middle Eastern company. “India offers tremendous growth opportunities over the long term,” Aramco said in a statement on Sunday. It will “continue to evaluate new and existing business opportunities with our potential partners.”

  • India, China, BRICs: How Top Emerging Economies Fared Over 20 Years

    Two decades on and the BRICs are displaying a mixed performance, as O'Neill himself acknowledges. China soared in strength and India climbed, though both face headwinds in the pandemic era. Russia and Brazil, however, stumbled after good starts. "I got China very right, and Brazil and Russia very right in the first decade, but the second decade for Brazil and Russia has been close to a disaster," says O'Neill.

  • Saudi Arabia recognises Covishield, fully vaccinated Indians now exempt from quarantine

    Serum Institute's Covishield vaccine has received approval from Saudi Arabia, enabling fully vaccinated Indians to enter the country without being quarantined.

  • China, India and Other Developing Nations Seek $1.3 Trillion a Year in Climate Finance

    Most of the world’s developing countries have backed a demand for wealthy nations to channel at least $1.3 trillion in climate finance to them annually starting in 2030, the opening salvo in one of the most contentious negotiating topics at the COP26 climate summit.

  • Is India Abandoning Iran for a Middle Eastern Quad, or Merely Signaling China?

    The talks initially began as a trilateral U.S.-Israel-UAE meeting on October 13 in Washington that focused on the Abraham Accords and Iran’s nuclear program. Another meeting was held virtually five days later, this time with India participating as a fourth member. Although India’s relations with Tehran have been bogged down by the impact of U.S. sanctions and commercial disputes, involving key projects such as the Chabahar Port railway and Farzad-B gas field, India nevertheless views Iran as an important partner.

  • SoftBank-backed Indian hotels group Oyo eyes a $1.1 billion IPO

    Besides being among India’s highest-valued unicorn with its most recent fund-raising pegging it at $9.6 billion, Oyo is Softbank’s choice investment pick in India. The Japanese giant started investing in the company in 2015, two years after it was founded by then 19-year-old Riteish Agarwal, and then transferred its stake to the Vision Fund in 2018. The fund has invested around $2 billion in Oyo since.

  • The Stunning Scale of India’s Biggest IPO Ever

    State-owned Life Insurance Corp. of India, with its distinctive blue and yellow logo, is ubiquitous across Asia’s third-largest economy. LIC controls two-thirds of the Indian market with almost 300 million policies and more than 1.2 million agents, 100,000 employees, 2,000 branches and 1,500 satellite offices. After a one-year delay, Prime Minister Narendra Modi’s administration is racing to sell a stake of 5% to 10% in LIC in what would be India’s biggest-ever initial public offering. A 10% stake would be the second-biggest IPO ever in the global insurance industry. One big hurdle ahead is assigning a value to a company with such a towering presence over India’s financial landscape.