KUWAITIZATION
Indian billionaires who amassed gold fortunes in Dubai face slowdown
Indian entrepreneurs are dominating Dubai's retail gold market, building empires from the Gold Souk to high-end malls. Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers, owned by India's wealthiest, benefit from strong cultural ties and a large South Asian expatriate base.
Key OPEC+ members agree to again boost oil production
Eight key OPEC+ members, including Saudi Arabia and Russia, have agreed to increase daily oil production by 137,000 barrels starting next month. Analysts interpret this move as a strategic effort by the V8 grouping to expand their market share in crude oil sales. The decision reflects an ongoing adjustment to global oil supply dynamics.
Where the world’s Indians live: Half of overseas Indians reside in just 10 countries
India's diaspora, the world's largest at 3.43 crore, is almost evenly split between PIOs and NRIs, with nearly half residing in ten countries, including the US, UAE, and Saudi Arabia. In 2024-25, the diaspora sent a record $135.46 billion home, a 14% increase, solidifying India's position as the top recipient of remittances.
AI, RBI nod, Amazon tie-up: How Skydo is powering India’s small exporters
Co-founder Movin Jain says the RBI licence, Amazon partnership, and AI-led compliance are driving the adoption of Skydo’s solutions among first-time and mid-market exporters.
CBDT extends I-T exemption window for sovereign wealth, pension funds till 2030
The CBDT has extended income tax exemptions for sovereign wealth and pension funds investing in India's infrastructure until March 31, 2030. This move, formalized after an earlier announcement, aims to attract long-term global capital by exempting these funds from taxes on dividends, interest, and capital gains.
Jon Batiste to perform in Delhi and Mumbai: India's musical spirit has always inspired me
Oscar and Grammy-winning musician Jon Batiste is set to captivate Indian audiences with his debut performances in Delhi and Mumbai. The composer will perform in Delhi on November 24 at Bharat Mandapam Convention Centre, followed by a Mumbai show on November 26. Batiste expressed his excitement to share his music and connect with India's inspiring musical spirit.
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Does Starmer realise he got revenge for his ‘freebie’ label after declining Trump’s fancy whisky gift in Scotland?
Amidst allegations of being a ‘freebie’ accepter throughout his start of tenure in 10 Downing last year, Sir Keir Starmer’s unintentional revenge came across as also a win for Scottish pride as he rejected or was ‘stumped’ to reject a whisky from President Trump’s Aberdeenshire visit last month, dated, July 20, in Scotland, as Starmer collecting any more ‘freebies’, would tarnish his already disreputed image of not having paid taxes for accepting some items worth above 140GBP
Hitachi Energy invests Rs 300 cr to expand Mysuru facility
Hitachi Energy is investing Rs 300 crore to expand its Mysuru plant, doubling the production of high-quality pressboard and laminated board. This investment is part of a larger Rs 2,000 crore plan to meet rising global demand for transformer insulation materials.
Iowa Senator Joni Ernst Will not run in 2026, opening key Senate race
Iowa Senator Joni Ernst has decided not to run in the 2026 election. Her retirement will open a big Senate seat race in Iowa. Many names from both Republican and Democrat sides are expected to contest. The decision is likely to make the Iowa Senate 2026 race one of the most watched political contests.
Hitachi Energy to invest Rs 300 crore in Mysuru expansion for transformer insulation materials
Hitachi Energy India is investing Rs 300 crore to enhance its manufacturing of transformer insulation materials, addressing rising demand. This investment, part of a larger Rs 2,000 crore commitment, will double the capacity of its Mysuru facility, producing vital insulation material for power and distribution transformers.
Qatar wants to negotiate trade pact with India: Piyush Goyal
Commerce and Industry Minister Piyush Goyal announced that a Free Trade Agreement with Oman will be finalized soon, with Qatar and Saudi Arabia also expressing interest in similar agreements. He assured exporters of government support amidst global uncertainties and highlighted efforts to diversify exports. Goyal also noted progress in FTA talks with the European Union.
Kuwait to increase fees for organisations hiring foreign workers
Kuwait plans to increase fees for firms employing foreign workers. This is to boost private-sector jobs for Kuwaiti citizens. The Public Authority for Manpower announced the measures. It is part of Kuwait's Vision 2035 economic strategy. The aim is to reduce reliance on foreign workers. Businesses are encouraged to recruit more Kuwaitis. New laws, training, and incentives are planned.
Indian Embassy in Kuwait updates rules for passport applications
The Indian Embassy in Kuwait will enforce stricter photo guidelines for passport applications starting in September, aligning with International Civil Aviation Organisation (ICAO) standards. Applicants must provide colour photographs sized 630 * 810 pixels, featuring a full face against a plain white background. These measures ensure compliance with global security and identification protocols for issued passports.
US firms said to eye Pakistan oil after Trump’s reserves claim
Amidst Trump's claims of massive oil reserves, the US envoy in Pakistan highlighted American companies' strong interest in the nation's oil and gas sector. Despite skepticism from industry veterans and declining foreign investment, Pakistan is seeking to attract exploration bids. Challenges remain, including infrastructure gaps and security concerns, hindering the realisation of its energy potential.
Wealth creation has another name: Ignore noise & Trump. Just hold on to good businesses; 22 stocks from different sectors that fit the bill
With the additional 25% tariff all but a reality, here's a question: What will President Trump say or do next? Can anyone predict that? The answer is no. So, if you cannot predict what the man responsible for all the recent market turmoil will do, why try to predict what will happen to stock prices? At such a juncture, you will do well to remember that while the markets are about buying and selling, there is a third option. Which is hold. And when it comes to wealth creation, there are times when it is more important to just hold on to stocks. So if you have quality stocks, stop analysing what is happening to the Nifty and Sensex every day.
Akasa Air announces daily direct flights between Bengaluru and Phuket from October
Akasa Air will introduce daily non-stop flights connecting Bengaluru and Phuket starting October 1, 2025. This route enhances connectivity between Southern India and the popular Thai island. Bookings are now open with a special discount offer. Bengaluru passengers will gain direct access to Thailand's tourism hub. The airline aims to expand its international network in the SAARC and ASEAN regions.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 27%
At this point of time, both the bulls and bears are pretty much even, though the bias is toward the bulls. The thing that will tilt the balance in favour of the bears is the implementation of the additional 25% tariff on Indian exports to the US on August 27. But we are assuming that better sense will prevail; and, even if they are implemented, we would soon see an India-US trade treaty that would reverse the tariff. If that happens, the bullish sentiment will get a boost and the tilt will first be toward large-cap stocks. Especially where the quality of the balance sheet is strong and there is little need for further debt for the business.
Asian Shooting Championship: Neeru Dhanda strikes gold, silver for Aashima Ahlawat and Bhowneesh Mendiratta
Neeru Dhanda secured gold in the women's trap at the Asian Shooting Championship, with Aashima Ahlawat winning bronze. Bhowneesh Mendiratta claimed silver in the men's trap. In the junior competition, Payal Khatri led an Indian sweep in the 25m pistol event, while the senior women's team, including Manu Bhaker, secured a bronze.
Dubai, Oman, Yemen once ruled from Delhi? Nithin Kamath’s post leaves internet shocked over 'forgotten history'
A recent social media post by Nithin Kamath sparked interest in the forgotten history of the British Indian Empire, which extended far beyond the borders of present-day India. This empire, administered from Delhi, encompassed regions from the Middle East to Southeast Asia, including parts of the UAE and Burma.
Kuwait bars public healthcare access for visit visa holders
Kuwait has announced new healthcare rules. Visitors on temporary visas cannot use public hospitals or clinics. This decision prioritizes care for citizens and long-term residents. The aim is to improve the healthcare system's efficiency. It also seeks to reduce overcrowding. Kuwait is also streamlining its visa process. These changes manage visitor flow and healthcare access.
UP government bans the use of 11 pesticides damaging India's rice quality
India's basmati rice exports have received a major push with the Uttar Pradesh government enforcing a fresh ban on the use of eleven pesticides that damage the crop's quality and block its entry into key foreign markets.
Chennai leads with longest wait for US business and tourist visas in India
Indian travelers are still experiencing significant wait times for US B1/B2 visa interviews, ranging from three months in Mumbai and Hyderabad to over eight months in Chennai. While these delays have improved from earlier this year, they continue to disrupt travel plans.
Healthcare stocks: Better to own a basket for a healthy portfolio? 15 healthcare stocks with an upside potential of up to 33%
Four years ago, Covid brought hospital stocks to the limelight. Since then, corporate actions like mergers and takeovers have kept them in the headlines. The high interest in the healthcare sector is due to three reasons. First, many companies have been listed in the past three years; as they are doing well post-listing, more private equity money is chasing hospital assets. Second, healthcare firms are bound to grow, because average spend on healthcare will only increase with the expansion of insurance and spending by the government. Finally, they are pure domestic plays that are not impacted by Trump, cyclical slowdowns, or inflation. So are they a fit for both long term and tactical investors?
Akasa Air to start Mumbai-Kozhikode flights from Oct 1
Akasa Air is set to enhance connectivity between Mumbai and Kerala by introducing Kozhikode (Calicut) as its 30th destination. Starting October 1st, the airline will operate daily direct flights, establishing a crucial link between India's financial hub and the Malabar coast. This new route complements Akasa Air's existing services to Kochi, solidifying its presence in Kerala.
Russia redraws India's oil map, but Middle East holds ground
Russia's increased oil supply to India has reshaped trade dynamics, impacting smaller suppliers while major Middle Eastern exporters like Iraq, Saudi Arabia and UAE remain largely stable. Discounted Russian crude primarily displaced costlier supplies from Africa and the Americas. As India potentially reduces Russian imports due to US pressure, sidelined suppliers may regain importance.
Global plastic treaty talks end without deal amid sharp rifts
Negotiations for a global plastic pollution treaty in Geneva concluded without an agreement after nearly two weeks. Countries failed to reconcile differences on reducing plastic polymer production and addressing health impacts. While some nations advocated for waste management, others pushed for production cuts and chemical regulation. Talks will resume later, with the UN emphasizing continued efforts against plastic pollution.
Kuwait removes minimum salary requirement for family visit visas
Kuwait has eliminated the minimum salary requirement for expatriates seeking family visit visas, broadening eligibility to include relatives up to the fourth degree by blood and third-degree in-laws. Visitors can now enter Kuwait via any mode of transport and airline. This reform aims to simplify procedures and enhance flexibility within the visa system.
New Kuwait visa rules allow digital applications and flexible entry
Kuwait has implemented a new tourist visa system, categorizing applicants into four groups based on nationality, residency, or event participation. This initiative streamlines entry procedures by removing the national carrier requirement and introducing an online visa platform. The digital transformation also simplifies family and business visit applications, enhancing Kuwait's accessibility for tourists and business travelers.
Visa-on-arrival now available in Kuwait for GCC foreign residents
Kuwait has initiated a new policy allowing foreign residents of GCC countries to obtain tourist visas on arrival. This decision, effective immediately, aims to ease travel for expatriates holding valid residency permits from GCC member states. The move is expected to boost Kuwait's tourism sector and align with regional efforts to improve connectivity and diversify economies.
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