StarAgri launches non-agri warehousing platform in the UAE

Mumbai-based agritech and warehousing services firm StarAgri has launched a warehouse management and collateral technology platform, Stocyard, for the UAE market, targeting non-agricultural commodities such as chemicals, steel, aluminium and hardware, Hindu Businessline reports. The platform is positioned for non-agri commodity storage and collateral management.

UAE rollout backdrop: StarAgri operates more than 2.2k agricultural commodity warehouses across around 400 locations in India, with a total storage capacity of 5.08 mn tonnes and utilisation of about 73%. Its digital trading platform, Agribazaar, has facilitated more than 12 mn tonnes of trade valued at over USD 1 bn.

India to share cross-border crypto data

India will begin sharing cross-border crypto-asset transaction data with foreign tax authorities, after joining the OECD-led Crypto-Asset Reporting Framework (CARF), Economic Times reports, citing a senior official.

What changes now? From 1 April 2027, crypto platforms and other reporting entities will face a daily penalty of INR 200 for failure to issue crypto-asset transaction statements, and a fixed penalty of INR 50k for incorrect reporting or failure to rectify errors, under the Income-tax Act, 2025.

Across the Gulf: Several Gulf jurisdictions are aligning with the OECD’s Crypto-Asset Reporting Framework, which will standardize cross-border crypto tax-data exchanges across the region. The UAE signed an agreement with CARF in September 2025, with implementation set to begin in 2027 and the first automatic exchange of crypto-asset tax data expected in 2028. Bahrain has also committed to implementing the framework on a similar timeline, with the first exchanges anticipated in 2028.

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