Abu Dhabi’s USD 2 bn bid in India

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Abu Dhabi to invest over USD 2 bn in Indian shipbuilding sector

Good morning, readers. The India-MENA corridor is humming again with investment deals and trade. Abu Dhabi is doubling down on India with a USD 2 bn commitment into shipbuilding and logistics, just as Taqa exits its power play and a Masdar-led consortium sweetens its offer to take ReNew private.

Meanwhile, QatarEnergy has inked a 17-year LNG supply pact with Gujarat State Petroleum Corporation, locking in long-term energy security for both sides. And further west, Washington’s nod keeps India’s Chabahar Port project alive, extending the sanctions waiver and ensuring New Delhi’s gateway to Central Asia stays open for business.

And there’s more fuel in today’s mix: BPCL + Oil India are teaming up for a USD 11 bn refinery-petchem project in Andhra Pradesh, while IOC partners with Vitol to expand global trading from Singapore. From energy to equity markets, a fresh crop of IPO hopefuls — boAt and Groww — are lining up listings, even as UAE capital continues to find new moorings in India’s growth story.

WATCH THIS SPACE-

#1- UAE to invest up to USD 2 bn in India’s logistics sector: Abu Dhabi is planning on investing upwards of USD 2 bn in India’s Maharashtra’s ports and shipbuilding sector, according to a statement on X . The agreement — inked between Abu Dhabi Ports Group, Abu Dhabi Investment Office, and India’s Maharashtra Ports Department — aims to focus on shipbuilding, ship-breaking, as well as shipping and port infrastructure.

This is not the first time we’ve heard of a potential investment: India and UAE were planning to expand their 10-year trade agreement to include eight new sectors — including logistics — with an aim of more than USD 100 bn in annual bilateral trade. Last year, India and the UAE inked several agreements on bilateral trade, including setting up a multi-modal trade corridor.

India 💚UAE: Adani Ports acquiring 80% of Dubai offshore marine services firm Astro Offshore. DP World, India’s Deendayal Port Authority, and Polish transport solutions provider Nevomo have inked an MoU to mull the deployment of autonomous magnetic rail freight movement solutions in India.

ALSO- DP World’s marine and ship repair subsidiary — Drydocks World — inked a heads of terms agreement with India’s Cochin Shipyard to set up India’s first vessel repair cluster at the International Ship Repair Facility in Cochin, Kerala, according to a press release.

ICYMI- Earlier this year, the two entities inked an MoU to develop ship repair clusters in Kochi and Vadinar, aiming to strengthen maintenance capacity and repair facilities.

#2- India’s industrial output rose 4% y-o-y in September — outpacing predictions of 3% — driven by a rebound in manufacturing, as per government data. Manufacturing output climbed 4.8% y-o-y, compared to 3.8% in August, while power generation grew 3.1%. Mining, however, contracted 0.4% after a 6.6% rise the previous month.

Consumer durables surge: Production of consumer durables, including cars and electronics, jumped 10.2% y-o-y, a sharp rise from August’s 3.5% growth, signalling festive season demand and stronger retail sentiment. Non-durables output fell 2.9%, though less steeply than the 6.4% decline in August. Capital goods output, a proxy for investment, rose 4.7%.

#3- New bidding system for India-UAE gold trade: The Indian government will now auction licenses for importing gold from the UAE under the India-UAE Comprehensive Economic Partnership Agreement via a competitive bidding process, Business Standard reports. The tariff rate quota (TRQ) permits India to import up to 200 tonnes of gold annually at a 1% lower customs duty.

Tighter compliance: Only refiners and jewellers registered with India’s hallmarking and tax authorities will be eligible to bid, as per the amended guidelines. Imports of gold dore will not be allowed under the TRQ. The timelines for annual bidding will be announced separately. The shift seeks to enhance system transparency and fairness by replacing earlier quota allocations made through direct applications.

#4- The US has extended its sanctions waiver for India’s operations at Iran’s Chabahar Port, allowing New Delhi to continue project work until early 2026, The Hindu Businessline reports. The extension allows India Ports Global, a venture under India’s shipping and foreign affairs ministries, to continue development and cargo handling at the Shahid Beheshti Terminal. The US ended the sanctions waiver on 29 September; however, it is now allowing project activities to continue “as usual” following diplomatic discussions with New Delhi.

#5- Abu Dhabi’s International Holding Company (IHC) revised the terms of its planned investment in Mumbai-listed mortgage-focused firm Sammaan Capital, increasing its proposed stake to 43.5% from 41.2%, according to a recent exchange filing by the Mumbai-listed firm. IHC has plans to deploy USD 110 bn in India over the next five years. It has previously invested in Adani Group companies and Haldiram Snacks Foods.

IHC will invest USD 997.7 mn under the updated agreement through its affiliate Avenir Investment. The investment will include 330 mn equity shares and 306.7 mn convertible warrants. The transaction will trigger a mandatory open offer to acquire an additional 26% stake at the same price.

ADVISORS: Jefferies and Citi Bank are reportedly advising Sammaan Capital on the transaction.

#6- India and the EU reaffirmed their goal of finalizing a long-pending freetrade agreement (FTA) by year-end, even as key issues — including steel, automobiles, and the EU’s carbon border levy — remain unresolved, according to a press release. Indian Commerce Minister Piyush Goyal met EU Trade Commissioner Maros Sefcovic in Brussels on 26-28 October, where both sides agreed to further discussions on “high-sensitivity” sectors. India reiterated its call for preferential access for labour-intensive sectors like textiles and leather while urging flexibility on new EU environmental and regulatory measures. An EU technical team will visit India next week to work on potential compromises identified during the Brussels meetings.

DATA POINTS-

The Reserve Bank of India (RBI) increased its gold holdings to 880 tonnes as of the end of September 2025, up from about 25 tonnes a year earlier, Press Trust of India reports. Gold made up roughly 14% of the RBI’s total reserves. Of this, about 576 tonnes are stored in India, around 290 tonnes are kept overseas with the Bank of England and the Bank for International Settlements (BIS), and close to 14 tonnes are held as gold deposits. India’s total foreign-exchange reserves stood at USD 700 bn, compared to USD 705 bn a year earlier, The Hindu Businessline reports.

THE BIG STORY ABROAD-

Another day, another wave of Big Tech earnings is upon us:

#1- Amazon’s shares soared 14% in afterhours trading after the company posted the fastest increase in cloud revenues in three years and forecast quarterly sales above estimates. (Reuters | Bloomberg | Wall Street Journal)

#2- Apple expects next quarter to be its best ever in terms of iPhone sales as holidays spur buying, with double-digit growth forecast — double analyst estimates. The company narrowly beat analyst expectations with its net income and sales figures in its fiscal fourth quarter. (Reuters | Bloomberg | WSJ)

Meanwhile, Netflix has reportedly tapped Moelis & Co to mull a bid for Warner Bros Discovery’s studio and streaming business, potentially giving it control over plenty of franchises, from Harry Potter to DC Comics. (Reuters | Bloomberg)

PLUS- A day after saying it plans to hike spending on AI next year, Facebook owner Meta raised USD 30 bn in bonds, marking the biggest bond sale of the year, with some USD 125 bn in orders placed. (Bloomberg)

And across the pond, Prince Andrew is prince no more: King Charles stripped Prince Andrew from his royal title and evicted him from his royal residence in a rare move aiming to salvage the royal family’s reputation amid fresh revelations about his friendship with Jeffrey Epstein and [redacted] abuse allegations from Virginia Roberts Giuffre, one of Epstein’s victims. (Financial Times | AP | Guardian | New York Times | WSJ)

Masdar-led consortium raises offer to take India’s ReNew Energy Global private

India’s ReNew Energy Global agreed to an improved buyout offer from a consortium led by Masdar, Platinum Hawk (Adia), the Canada Pension Plan Investment Board (CPP Investments), and ReNew founder and CEO Sumant Sinha, Zawya reported.

Background: The consortium — which collectively owns around 64% of ReNew — first made its move late last year as part of a plan to take the company private and inject fresh capital into India’s fast-growing renewable energy sector. ReNew operates a 10.3 GW portfolio of solar, wind, hydro, and hybrid projects across India, making it the country’s second-largest clean energy generator after Adani Green, the outlet added.

The sweetened offer: The consortium raised its proposed allcash offer to USD 8.15 per share, up 15.3% from the USD 7.07 per share offer made in December 2024, according to a filing with the US Securities and Exchange Commission (SEC). The revised price represents a 28.5% premium to ReNew’s undisturbed share price of USD 6.34 on 10 December 2024 — the last trading day before the initial offer became public — and a 41.5% premium to the company’s 30-day volume-weighted average price of USD 5.76, the filing said. At the time of the first offer, Reuters had valued the transaction at around USD 2.82 bn.

Board backing and shareholder support: A special committee of ReNew’s board, advised by Rothschild & Co and Linklaters, said it would unanimously recommend that shareholders vote in favor of the transaction should a final binding offer be made on these terms, according to the SEC filing. Japan’s JERA Nex, which owns about 11.6% of ReNew’s issued share capital and 25.7% of shares not already held by the consortium, has indicated that it is minded to support the offer, pending satisfaction with final terms and documentation, the SEC filing said.

Taqa sells full stake in Indian subsidiary

Taqa exits India’s lignite power play: Abu Dhabi National Energy Company (Taqa) has fully exited its India 250 MW lignite power plant after selling its 100% stake in Taqa Neyveli Power Company to MEIL Energy, an affiliate of India-based Megha Engineering and Infrastructure, according to a disclosure (pdf). The sale was valued at some AED 387 mn.

Taqa’s going green? The utility is concentrating on low-carbon, flexible gas-fired power generation, along with expanding renewable investments through its stake in Masdar. “This sale represents a considered adjustment to our generation portfolio as we continue progressing towards a more sustainable energy mix,” Taqa’s Generation CEO Farid Al Awlaqi said. The company’s gross clean power generation stands at some 70 GW.

Making moves: Taqa also moved to offload selected assets in Alberta, retaining TPH&Co to advise Taqa North on the divestment.

Taqa began paring down its international footprint in 2022, after completing a strategic review of its oil and gas business, opting to retain its upstream operations with the exception of upstream assets in the Netherlands.

QatarEnergy to supply LNG to GSPC under 17-year agreement

Qatar strikes 17-yr LNG supply deal: Qatari state-owned energy company QatarEnergy has inked a 17-year sales and purchase agreement with Gujarat State Petroleum Corporation (GSPC) to supply up to 1 mn tonnes per annum of LNG to India starting 2026, Qatar News Agency reports. The deal is valued at roughly INR 617 bn (USD 7.37 bn) at current LNG prices. QatarEnergy will transport and deliver the cargo directly to Indian terminals before GSPC takes ownership.

Deepening energy ties: The agreement builds on a 2019 contract between the two sides. QatarEnergy said the agreement supports India’s energy security goals and cleaner energy transition while reinforcing bilateral cooperation.

India’s trade with Qatar stood at USD 14.15 bn in FY 2024, with energy goods dominating — LNG (worth USD 6.39 bn), liquefied petroleum gas (USD 1.67 bn), liquefied propane (USD 1.54 bn) and crude oil (USD 1.06 bn), The Economic Times reports.

Meanwhile…: QatarEnergy and Indian state-owned Petronet LNG signed a 20-year contract last year for the supply of 7.5 mn tonnes of LNG per annum, worth an estimated USD 78 bn. Similarly, Gas Authority of India Limited concluded a five-year agreement with QatarEnergy Trading for 12 LNG cargoes a year starting from April 2025, The Economic Times reported.

L&T bags major Saudi grid and global contracts worth up to INR 75 bn

Indian construction giant Larsen & Toubro secured contracts valued between INR 25-50 bn (USD 284-569 mn) for building a 380 kV gas-insulated substation and over 420 km of transmission lines in Saudi Arabia, as per a press release. The projects will support the kingdom’s renewable energy program by bolstering grid capacity to integrate new solar and wind projects.

Heavy engineering gains traction: L&T’s Heavy Engineering division also bagged orders estimated between INR 10-25 bn (USD 120-300 mn) globally, as per a separate press release. These include an order for an integrated refinery and petrochemical complex in Saudi Arabia, manufacturing vessels for natural gas and blue ammonia projects in the US, alongside supplying equipment to Mexico for processing ammonia and urea.

Riding global momentum: The USD 30 bn valued engineering conglomerate is expanding its international EPC footprint, strategically in clean energy-linked infrastructure across major economies.

ICYMI: In our recent coverage, the construction giant clinched major contracts including a USD 1.68 bn gas facility deal at an undisclosed location in the Middle East as well as an MoU with Acwa Power for the Renewables & Grid scope of the Yanbu Green Ammonia Project in Saudi Arabia.

Saudi Arabia’s flyadeal eyes direct India links from four hubs by 2026

Saudi Arabian low-cost carrier flyadeal will begin operations to India in 2026, connecting four to five cities from its bases in Riyadh, Jeddah, Dammam, and Medina, The Hindu reports, citing CEO Steven Greenway. The airline — part of the state-owned Saudi Arabian Airlines Corporation and sister to full-service Saudia Airlines — will target labour and pilgrim traffic, mainly from smaller Indian cities.

Flyadeal plans to reduce passenger diversion through hubs like Dubai and Doha, aiming for “a fair share of direct traffic” between India and Saudi Arabia, Greenway said. The expansion aligns with Saudi Arabia’s Vision 2030 strategy to go beyond oil and position Riyadh as a global aviation hub through airlines including Saudia and the new Riyadh Air. India will be flyadeal’s third South Asian destination after Pakistan and Bangladesh.

BPCL, Oil India sign MoU for USD 11 bn refinery-petchem project in AP

Indian refiners Bharat Petroleum Corporation (BPCL) and Oil India (OIL) signed a non-binding MoU to jointly develop a greenfield refinery and petrochemicals complex near Ramayapatnam Port in the southern Indian state of Andhra Pradesh (AP), The Hindu Businessline reports.

Investment and capacity: The project, estimated at INR 1 tn (USD 11.4 bn), will have a refining capacity of 9-12 mn tonnes per annum (MMTPA). It will also include a 1.5 MMTPA ethylene production unit, giving the complex a 35% petrochemical output share, meaning more than one-third of the output will be petrochemical products instead of fuels.

Project status: BPCL said the refinery is expected to start operations in FY 2030. The firm has already secured about 6k acres of land from the AP government and obtained key statutory clearances. Pre-project work is underway, including feasibility and design studies.

Equity and partnership: Under the MoU, OIL is evaluating a minority stake in the proposed venture, subject to due diligence and board approvals. The MoU marks the start of technical and financial evaluations that will precede a final investment decision.

Context: The Ramayapatnam project is part of BPCL’s plan to expand its refining and petrochemical footprint. The state-run refiner currently operates three facilities in Mumbai, Kochi, and Bina, with a combined capacity of 35.3 mn MMTPA, Fortune India reports.

Background: Saudi energy major Aramco is in talks to acquire a 20% stake in the Ramayapatnam refinery as part of its planned INR 8.3 tn (USD 100 bn) downstream investments in India, The Hindu reports.

BPCL DEFENDS RUSSIA CRUDE SOURCING-

The BPCL defended its crude sourcing, including Russian oil, as purely guided by techno-commercial viability and refinery needs, not origin, Press Trust of India reports, citing MD Sanjay Khanna. The Indian Petroleum Ministry also clarified that import decisions are made by individual refiners, not the government.

US SANCTIONS FREEZES OIL INDIA’S USD 300 MN DIVIDEND-

Mumbai-based Oil India (OIL) said around INR 25 bn (USD 300 mn) in dividend income from its Russian oil-field investments is stuck in Russian banks due to US sanctions on the operating entities, The Hindu Businessline reports. OIL holds 23.9% in Rosneft-run upstream producer JSV Vankorneft and 29.9% in Tass-Yuryakh Neftegazodobycha LLC through Singapore-based SPVs, which are jointly owned with state-owned Indian Oil Corporation and Bharat PetroResources.

Company statement: The company chairperson Ranjit Rath said OIL is seeking legal opinion on possible fund-transfer or settlement mechanisms, but did not indicate a timeline for repatriation. Sanctions on Russian energy companies have disrupted dividend payments to non-Russian partners since early 2024.

IOC, VITOL PLANS JV TO EXPAND GLOBAL FUEL TRADING-

IOC + Vitol SA to set up joint venture: New Delhi-based refiner Indian Oil Corporation (IOC) plans to set up a joint venture with global energy trader Vitol SA to expand its international crude and fuel trading operations, Reuters reports. The venture will be based in Singapore and is expected to operate for five to seven years, with an exit clause for both partners. The move will allow IOC to tap into Vitol’s trading network and global market access.

Purpose: The partnership aims to cut crude procurement costs, improve trading margins, and help IOC diversify its customer base across Asia and beyond. For Vitol, one of the world’s largest independent energy traders, the deal offers broader access to India’s expanding fuel market.

IOC SEEKS 24 MN BARRELS FROM AMERICAS FOR 1Q 2026-

IOC looking for 24 mn bbl from Americas: State-run refiner Indian Oil Corporation (IOC) has issued a tender to buy about 24 mn barrels of crude from the Americas for delivery between January and March 2026, Reuters reports.

Tender details: IOC is seeking both low-sulphur and high-sulphur grades from producers in the US, Brazil, and other Latin American countries, Bloomberg reports. Bids are due Friday.

Market context: The tender follows US sanctions on Rosneft PJSC and Lukoil PJSC, which have led to Indian refiners temporarily pausing fresh Russian oil purchases while seeking clarity on compliance. IOC recently bought about 2 mn barrels of West Africa crude from US-based oil major ExxonMobil Corporation through a separate tender.

SOLEX ENERGY TO INVEST USD 1.5 BN IN SOLAR MANUFACTURING-

Solex Energy to put INR 132 bn into boosting capacity, US expansion: India-based solar module manufacturer Solex Energy plans to invest about INR 132 bn (USD 1.5 bn) over the next five years to expand its solar manufacturing capacity and tap into the US market, Reuters reports. The firm currently operates a factory with 4 GW capacity in the western Indian state of Gujarat and aims to scale up to 10 GW of modules, 10 GW of cells, and 2 GW of ingot and wafer production.

Imagine Marketing seeks market listing through INR 15 bn IPO filing

Imagine Marketing files for INR 15 bn IPO: India-based consumer tech firm Imagine Marketing has filed updated draft papers with the Securities and Exchange Board of India for an INR 15 bn (USD 171 mn) IPO, Reuters reports. The company is the parent of wearable and audio brand boAt.

Offer details: The IPO includes an INR 5 bn (USD 57 mn) fresh issue and an offer-for-sale (OFS) of INR 10 bn (USD 114 mn) by existing shareholders including South Lake Investment and Qualcomm Ventures. This marks the firm’s second attempt to list after it withdrew its earlier INR 20 bn IPO plan in 2022 due to unfavorable market conditions and volatility, later raising INR 5 bn (USD 57 mn) through private placements from Warburg Pincus and Malabar Investments. The earlier draft had proposed INR 9 bn fresh issue and INR 11 bn OFS.

Market context: The filing follows an active period for India’s primary markets, as several consumer and tech firms prepare listings to capitalize on favorable equity valuations and steady retail participation. Other planned offerings include Tata Capital, Lenskart, and Urban Company, alongside large financial and infrastructure issuances, Reuters reports.

GROW TO RAISE USD 752 MN –

Bengaluru-based Billionbrains Garage Ventures Ltd, the parent of online investment platform Groww, plans to raise up to INR 66.3 bn (USD 752 mn) through an IPO, Bloomberg reports. The company will issue INR 10.6 bn (USD 120 mn) in new shares, while existing investors will offload 557.2 mn shares. Shares will be priced between INR 95-100 each, with anchor bids opening on 3 November and public subscriptions from 4-7 November. Proceeds will fund cloud infrastructure, marketing, and capital infusion for Groww’s lending arm and margin trading business.

Backed by heavyweights: Supported by Microsoft CEO Satya Nadella, Groww is targeting a valuation of up to USD 7 bn — nearly triple that of listed rival Angel One at about USD 2.6 bn. JPMorgan Chase, Kotak Mahindra Capital, Citigroup, Axis Bank, and Motilal Oswal are bookrunners on the issue.

Market mood: This year, Indian firms have raised nearly USD 16 bn through IPOs so far in 2025, the business daily adds.

GENERAL ATLANTIC DOUBLES PHONEPE INVESTMENT-

New York-based private equity firm General Atlantic has invested USD 600 mn (INR 50.1 bn) in Walmart-owned Indian fintech firm PhonePe, doubling its stake from 4.4% to 9%, Moneycontrol reports. The funding will enable PhonePe employees to meet tax obligations from exercising stock options ahead of PhonePe’s much-awaited IPO. No founders or investors sold shares in the transaction. General Atlantic has now invested USD 1.15 bn (INR 96.1 bn) in PhonePe since 2023, underscoring its confidence in the company’s growth trajectory.

REMEMBER: In 2023, the Bengaluru-based unicorn raised USD 350 mn from General Atlantic and other investors including the Qatar Investment Authority, Business Standard reports.

India plans USD 12 bn power sector bailout tied to privatization push

India is preparing a bailout exceeding INR 1 tn (USD 12 bn) for debt-laden state-run electricity distribution companies, planning to push long-delayed reforms in the country’s weakest energy link, Reuters reports, citing unnamed government sources. States seeking funds will need to either privatize their utilities or list them on stock exchanges.

Reform-linked funding window: The Power Ministry’s new proposal — accessed by Reuters and likely to be announced in the 2026 budget in February — offers low or zero-interest federal loans. To qualify, states must agree to privatize by transferring managerial control or minority stakes, ensure private firms supply at least 20% of total power, and assume part of distributors’ debt. States unwilling to privatize must list utilities within three years for aid.

Mounting losses: India’s state-run power distributors have accumulated losses of INR 7.08 tn (USD 80.6 bn) and debt of INR 7.42 tn (USD 84.4 bn) as of March 2024, the newswire adds. Past bailouts failed to stem losses, but the new plan is to draw in private players such as Adani Power, Tata Power, and Torrent Power to improve efficiency.

CENTRAL BANK PITCHES EASIER OVERSEAS PAYMENTS-

The Reserve Bank of India (RBI) has proposed new measures to accelerate cross-border payment inflows and reduce settlement delays, Reuters reports. In a draft circular released on its website, the central bank states that banks must ensure that payments received during foreign-exchange market hours are credited to beneficiaries on the same day, while those received after hours should be credited on the next business day.

Process upgrade: The RBI also proposed that lenders adopt “straight-through” automated processing to enable faster crediting once risk checks are cleared, and urged banks to offer digital platforms that allow customers to upload documents and track remittances. The central bank said the measures aim to address delays between receipt of funds and credit to accounts. Stakeholders have been invited to submit feedback by 19 November.

Emirates NBD, CEPA Council partner to boost Indian start-ups’ UAE expansion

Dubai-based Emirates NBD has partnered with the UAE-India CEPA Council to drive the UAE-India Start-up Series, which aims to help Indian entrepreneurs scale globally, as per a press release. Since launching in June, the initiative has drawn over 10k applications from the Indian start-up ecosystem. An MoU was signed in Dubai between Emirates NBD’s Marwan Hadi and CEPA Council Director Ahmed Aljneibi.

Soft-landing support: As part of its commitment, the Emirati lender will sponsor a comprehensive soft-landing package for one of the top five winners, offering financial and advisory support in the UAE. Twenty ventures will pitch in New Delhi in November, with five selected to set up in the UAE.

Gujarat’s Pipapav Port inks INR 17 bn expansion plan

Pipapav Port to expand facilities: Gujarat Pipapav Port (GPPL), operated by Denmark-based AP Moller-Maersk, has signed a non-binding MoU with the Gujarat Maritime Board (GMB) to invest INR 17 bn (USD 2 bn) in expanding facilities at Pipapav Port in western India, The Hindu Businessline reports. The proposed investment will fund upgrades at the port including enhanced storage and rail connectivity. GMB said the investment aims to strengthen Pipapav’s multimodal logistics network and align it with other key maritime hubs along India’s western coast.

RAIL-

DP World seals agreement to pilot MagRail tech in India port: Port operator DP World and India’s Deendayal Port Authority have sealed an agreement to deploy Polish transport solutions provider Nevomo’s autonomous magnetic rail (MagRail) at Deendayal Port, according to a statement released last week. No investment ticket for the project was disclosed.

Seamless as ever: The trio will collaborate to install a 750-meter MagRail pilot track at the DP World-operated Kandla terminal, and a feasibility study will be rolled out to assess the possibility for large-scale deployment of MagRail across Indian ports. The project will focus on exploring the use of the tech for short-haul freight movements, which has the potential to reduce ports’ reliance on diesel-powered mobility.

We’ve been freighting for this one: The three firms inked an MoU to explore piloting the deployment of Nevomo’s MagRail rail freight in the port back in July.

REAL ESTATE-

India’s Panchshil Realty partners with Betterhomes on UAE debut: India-based luxury developer Panchshil Realty — in partnership with Dubai-based real estate agency Betterhomes — is launching its first luxury project in Dubai, marking its entry into the Emirati market, according to a press release. Betterhomes will leverage its market reach and client base to lead sales and consultancy for the project.

About Panchshil: The luxury developer has delivered around 35 mn sq ft to date, with another 43 mn sq ft set to come online in India spanning offices, high-end residential communities, luxury hotels, retail, and data centers.

CALENDAR

OCTOBER

27-31 October (Monday-Friday): India Maritime Week (IMW) 2025, Bombay Exhibition Centre, Mumbai.

28 October- 7 February, 2026 (Monday-Saturday): The Rooted Nomad: M.F. Hussain Exhibition in Qatar Museums Gallery, Katara, Doha.

30-31 October (Thursday-Friday): Bharat International Rice Conference 2025, Pragati Maidan, New Delhi.

NOVEMBER

6 & 11 November (Thursday, Tuesday): Bihar Legislative Assembly Elections 2025 (Two-phase polling across Bihar)

13 November (Thursday): 3rd CII India Europe Business and Sustainability Conclave, Vishakhapatnam, Andhra Pradesh.

14 November (Friday): Counting of votes for Bihar Legislative Assembly Elections 2025.

17-21 November (Monday-Friday): Dubai Airshow 2025, Al Maktoum International Airport, Dubai.

19 November (Wednesday): ET Global Capability Centers (GCC) Annual Conclave 2025, Sheraton Grand Bengaluru, Bengaluru.

19-21 November (Wednesday-Sunday), Bengaluru Tech Summit 2025, Bangalore International Exhibition Centre (BIEC), Bengaluru.

21-22 November (Friday-Saturday): Global Economic Summit & World Trade Expo 2025, World Trade Center, Mumbai.

21-22 November (Friday-Saturday): BCKIC CSR & Sustainability Conclave 2025, Odisha State Convention Centre, Odisha.

22 November (Saturday): Finance Conclave 2025, The Park, Hyderabad.

26 November (Wednesday): GCC Annual Conclave 2025, Sheraton Whitefield, Bengaluru.

28 November (Friday): Launch of Lawh Wa Qalam: M.F. Husain Museum in Education City, Doha.

DECEMBER

3-7 December (Wednesday-Sunday): ENGIMACH Automation & Manufacturing Technology Expo, Helipad Exhibition Centre (Gandhinagar), Gujarat.

11 December (Thursday), FICCI Commercial Real Estate Conclave, Taj MG Road, Bengaluru.

Signposted to happen sometime in December 2025:

Russian President Vladimir Putin’s India Visit (Details yet to be announced).

Signposted to happen in 2H 2025:

G20 Summit 2025, Johannesburg, South Africa.

JANUARY

19-20 January (Monday-Tuesday): International Crop Science Conference and Exhibition 2026, Le Meridien Conference Centre, Dubai.

27-30 January (Tuesday-Friday): India Energy Week 2026, ONGC Advanced Training Institute, Goa.

30 January-1 February (Friday-Sunday):India Agri Expo 2026, Ludhiana Exhibition Centre, Punjab.

31 January (Saturday): Commencement of Budget Session 2026, Parliament of India, New Delhi.

FEBRUARY

1 February (Sunday): Union Budget 2026-27, Parliament of India, New Delhi.

3-6 February (Tuesday-Friday): ChemTECH World Expo 2026, JIO World Convention Centre, Mumbai.

19-20 February (Thursday-Friday): India – AI Impact Summit 2026, New Delhi.

19-20 February (Thursday-Friday): India-AI Impact Summit, Bharat Mandapam, New Delhi.

25 February (Wednesday): World Sustainable Development Summit, Taj Palace, New Delhi.

MARCH

12 March (Thursday): ET Entrepreneur Summit & Awards 2026, Bengaluru.

23-25 March (Monday-Wednesday): Indiasoft 2026: International IT Exhibition & Conference, New Delhi

23-25 March (Monday-Wednesday): 11th Smart Cities Expo, Bharat Mandapam, New Delhi.

23-25 March (Monday-Wednesday): PLASTIWORLD India 2026, Jio World Convention Centre, Mumbai.

Signposted to happen sometime in March 2026

Election Commission of India is expected to announce polling dates for elections in the states of Tamil Nadu, Kerala, West Bengal, Assam, and the union territory, Puducherry.

APRIL

29 April-2 May (Wednesday-Saturday): Bharat Buildcon 2026, Yashobhoomi, Dwarka, Delhi.

7-10 April (Tuesday-Friday), India Rubber Expo 2026, ITPO, Pragati Maidan, Delhi.

JUNE

24-25 June (Wednesday-Thursday): India Homeland Security Expo 2026, Bharat Mandapam, Pragati Maidan, New Delhi.

Signposted to happen sometime in 1H 2026:

Signing of India-Qatar FTA (Details yet to be announced).

DECEMBER

8-11 December (Tuesday-Thursday), Expand North Star 2025, Dubai.

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