India readies USD 1 bn sell-down

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WHAT WE’RE TRACKING TODAY

India-Oman trade pact takes effect

Good morning, everyone, and welcome back. We hope you all had a restful and well-deserved Eid Al Adha break.

Leading our issue today: The Indian government is planning a USD 1 bn sale of its 2% stake in a major financial institution. This move comes amid a foreign investor sell-off and will serve as a key test of whether large public-sector brands can still attract Gulf investors despite current bearish market sentiment.

On the energy front, Indian consumers are facing a series of price hikes for gas and retail fuels as state-run refiners continue passing through rising costs.

Earning well is not the same as investing well — and for most mid-level executives and entrepreneurs, the gap between the two is wider than they’d like to admit. The financial landscape has shifted. Regional markets are opening up, AI is rewriting how portfolios get managed, and Real Estate Investment Trusts (REITs) are entering the conversation.

And the questions that used to feel straightforward — buy or rent, fund the startup or play it safe, finance the car now or wait it out — are harder to answer than ever.

In Issue 2 of EnterpriseAM Money Matters, we get into the decisions that don’t have easy answers, because at this stage, playing it safe is the riskiest move you can make.

Tap or click here to subscribe to the Egypt edition, delivered to your inbox Wednesday, June 3.

India-Oman CEPA kicks off

India-Oman trade pact comes into fruition: Tariff concessions under the India-Oman Comprehensive Economic Partnership Agreement (CEPA) have been operationalized and take effect today, PTI reports. Inked last December, the pact is now arriving in the middle of a war that has made Omani supply routes less disrupted than they were when the CEPA was first negotiated.

Duty cuts cover most Omani imports: Under the pact, India will offer duty concessions on 77.7% of its tariff lines, covering 12.5k product categories and accounting for 94.8% of imports from Oman by value. Importers seeking preferential treatment will need to prove that goods qualify as Omani-origin products under the agreement’s rules of origin.

Why it matters: For products considered sensitive to India, tariff liberalization will be undertaken through tariff-rate quotas rather than full duty elimination. These include key Omani export categories such as dates, marble, and petrochemical products. The kick-off comes as New Delhi and Muscat bolster economic ties across energy, logistics, and manufacturing, with both sides positioning the India-Oman corridor as a trade node across the Arabian Sea.

Second Adnoc tanker en route to India

Abu Dhabi National Oil Company (Adnoc)-chartered liquefied natural gas (LNG) cargo is traversing toward India after crossing the Strait of Hormuz, Bloomberg reports, citing ship-tracking data.

The Umm Al Ashtan appears to have loaded at Adnoc’s Das Island export plant while its public signal was off, before crossing through the waterway. The tanker is currently sailing in international waters toward India’s Dabhol port in Maharashtra, which houses an LNG re-gasification facility, according to Marine Traffic.

This will be Adnoc’s second LNG tanker delivered to India since the war broke out. Last week, Adnoc-operated LNG tanker Al Hamra was the first Gulf LNG shipment to cross the waterway bound for India since the war began. The vessel unloaded at Dahej Port in Gujarat.

Why it matters: The transit adds to a small batch of recent energy shipments through Hormuz — including at least two non-Iranian oil supertankers that exited the Gulf. However, LNG flows remain far below normal. Before the war, around three LNG tankers transited the strait each day, mostly carrying Qatari cargoes.

Zepto gears up for USD 1 bn listing

Quick-commerce startup Zepto is preparing to publicly file for an IPO in the first half of June, with the share sale expected to raise up to USD 1 bn (INR 95.8 bn), Bloomberg reports, citing unnamed sources. The 10-minute delivery platform is likely to kick off investor roadshows later next month and could launch the listing as early as July.

The offering: The listing is expected to include fresh shares and secondary sales by existing investors, with part of the proceeds earmarked for expansion. The platform recently secured regulatory clearance from the Securities and Exchange Board of India, following a confidential filing last December.

Why it matters: Indian public markets have cooled considerably this year, yielding just USD 3.5 bn in first-time share sales as investors digest the economic fallout from the Iran war. Zepto’s listing could become only the second IPO in India this year to cross the USD 1 bn mark, after the planned flotation by SBI Funds Management.

Kent delays IPO

Indian water purifier maker Kent RO Systems has pushed back its IPO by at least a year, as the war in the Middle East weakens investor sentiment and makes public-market timing harder for India-based companies, Reuters reports. Chairman and Managing Director Mahesh Gupta told the newswire that volatile markets, worsened by the Iran war, make this an unsuitable time to list, though Kent could revisit the plan once conditions stabilize. The company received regulatory clearance last June for an offer-for-sale by existing shareholders.

Manufacturing holds up

India’s manufacturing sector strengthened in May despite cost pressures from the Middle East conflict, according to the S&P Global India Manufacturing Purchasing Managers’ Index (pdf). The manufacturing PMI rose to 55 in May from 54.7 in April, above the preliminary estimate of 54.3, marking the strongest improvement in factory conditions in three months. A reading above 50 signals expansion, while anything below that indicates contraction.

“India’s final manufacturing PMI points to another month of possible precautionary stockpiling as the Middle East conflict remains unresolved,” HSBC Chief India Economist Pranjul Bhandari said.

Domestic engine is running hard: New orders and output grew at their fastest pace since February, led by strong demand, infrastructure projects, and new business gains. The domestic market drove most of the improvement, while export orders grew at a softer pace despite gains in Asia, Europe, Kenya, Nigeria, and the Middle East.

Why it matters: The PMI shows India’s manufacturing sector is still expanding, but manufacturers are absorbing higher energy, fuel, material, and transportation costs linked to the Middle East war. Input prices rose at the second-fastest pace since April 2022, while output price inflation slowed more sharply, pointing to margin pressure.

Data point

INR 1.9 tn (USD 21.2 bn) — That is India’s gross indirect tax collection in May, up 3.2% y-o-y, according to government data. The increase was supported by stronger economic activity, with taxable supplies of goods rising 26.9% and services 22.2%.

The big story abroad

The US-Iran diplomatic stalemate persists, despite both sides spending the weekend exchanging revisions to a draft pact that would keep a ceasefire in place. Regime-affiliated Iranian media has indicated that Washington and Tehran may wind up scrapping the potential resolution and that no definite result has been reached.

Meanwhile, on Wall Street: US investors seem unconvinced that an AI bubble is about to burst, wagering heavily on AI-related equities they believe still have untapped potential. The optimism is fueled by expected AI advances and big-ticket pledges on chips and data centers — investments expected to boost tech companies’ bottom lines.

And in business news: Berkshire Hathaway has made a USD 6.8 bn housing play, agreeing to acquire US homebuilder Taylor Morrison, marking the first multi-USD-bn acquisition under the helm of newly minted CEO Greg Abel. The move deepens the firm’s housing portfolio and puts it on its way to “unify [its] site-built homebuilding operations into a combined platform,” Abel said.

And in the tech world: Dell has premiered the XPS 13, its new low-cost offering whose prices start at USD 699. It is expected to butt heads with Apple’s MacBook Neo, another laptop marketed for its affordability.

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Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays, and news triggers.

India readies USD 1 bn LIC sell-down

The Indian government is planning to sell up to INR 100 bn (USD 1 bn) stake in the country’s largest state-backed ins. firm to test foreign investor appetite. The government aims to offload roughly 2% of its stake in Life Ins. Corporation (LIC) of India to institutional investors between late June and early July, though the exact size and timeline remain subject to change, Bloomberg reports.

The sell-down: Amid a foreign investor sell-off, the government is putting one of India’s largest state-backed financial firms in front of investors at a time when fallout from the Iran war is weighing on market sentiment. The LIC sale would test whether the government can still draw Gulf investors to a large public-sector financial brand amid bearish market sentiment.

Float pressure: The transaction would be the government’s first major sell-down since the insurer’s IPO in 2022, when it sold a 3.5% stake and raised around INR 210 bn. The government owned 96.5% of LIC as of 31 March, leaving the public insurer with a long road to meet the 25% minimum public shareholding requirement by 2032.

Market test: The LIC sale is expected to be among India’s few large equity transactions next month as investors weigh the economic fallout from the war, as per the outlet. Higher crude prices have raised concerns over India’s import bill and broader macroeconomic fallout, while Prime Minister Narendra Modi has urged citizens to curb fuel use and limit foreign travel.

(** Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Another hike

India’s largest state-run fuel retailer, Indian Oil Corporation, hiked the price of the 19-kg commercial-use LPG cylinder by INR 42 (USD 0.4) today, a 1.4% increase, Reuters reports. This follows a massive 47.8% single-day hike of INR 993 (USD 10.4) implemented in May after major supply shortages.

Businesses bear the war’s brunt: The revision applies to commercial users — restaurants, hotels, and small businesses — that rely heavily on cooking gas for daily operations. Unlike household LPG, commercial cylinders have seen more frequent price adjustments as fuel retailers attempt to recover mounting losses from soaring global energy prices.

Why it matters: India’s three state-run fuel retailers — Indian Oil, Bharat Petroleum, and Hindustan Petroleum — typically move fuel prices in tandem. With 90% of India’s LPG imports originating from the Gulf, the government insulated households by freezing domestic cylinder rates, while energy majors passed additional costs on to industrial buyers.

Delhi CNG prices soar again

Consumers in New Delhi will pay more for compressed natural gas (CNG) after prices were hiked by INR 2 per kg last week — the fourth increase in less than 11 days, Business Standard reports. This brings the total price increase to INR 6 per kg, a 7.7% surge since 15 May.

What is CNG used for? In India, CNG is the cheaper and cleaner fuel alternative to petrol and diesel, mandated for urban transport, including public buses, rickshaws, and commercial taxi fleets, to curb pollution. City gas distribution networks that supply this market consume over 13.5 bn cbm of natural gas annually, making transport-led gas consumption the second-largest and fastest-growing energy segment in the country.

Why it matters: Because diesel fuels the primary national freight and CNG anchors urban transportation networks, this sudden cost transfer will immediately compress operating margins for FMCG, manufacturing, and e-commerce networks.

Fuel inflation accelerates: This accompanies the fourth round of pump price hikes. Combined increases since 15 May have pushed petrol and diesel prices up by nearly 8%, taking fuel costs to their highest levels since 2022.

Fuel export duties trimmed

The finance ministry of India will reduce export duties on gasoline, diesel, and aviation turbine fuel (ATF) for the fortnight beginning today, as per a finance ministry notification. Export duty on gasoline has been set at INR 1.5 per liter, diesel at INR 13.5, and ATF at INR 9.5 per liter. At the April peak, diesel export levies reached INR 55.5 per liter and ATF to INR 42 per liter. These numbers are reviewed every fortnight to reflect average global prices of crude oil and refined products. The finance ministry sharply hiked export duties in March to discourage private refiners from diverting fuel overseas when refining margins surged.

Heatwave exposes India’s gas crunch

India’s gas-fired power generation dipped to its lowest level in six years, as the Strait of Hormuz crisis disrupts fuel supplies, just as extreme summer temperatures drive electricity demand to record highs, Bloomberg reports.

LNG disruptions hit evening supply: Gas-based plants generated just 3.6 bn kWh of electricity between April and May 21, about two-thirds of output during the same period last year and roughly half of 2024 levels. While solar meets daytime demand, the grid lacks the gas capacity required to bridge the evening peak when solar output drops. This has triggered blackouts in New Delhi, Uttar Pradesh, and Tamil Nadu, disrupting manufacturing.

Why it matters: Peak power consumption reached an unprecedented 270.8 GW last week, with cooling demand surging across homes and businesses. India’s LNG imports plummeted 30% to 1.9 bn cbm in April — with imports from key Gulf suppliers such as Qatar and the UAE sharply declining on the back of the near-closure of Hormuz, a route that normally handles roughly a fifth of global LNG flows.

What’s next: With normal imports cut off, power stations are buying expensive spot fuel on the Indian Gas Exchange, but supply remains below par. Nighttime deficits are likely to persist as long as LNG shortages endure.

(** Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Middle East crisis threatens India's auto exports and margins

The ongoing conflict in the Middle East threatens to moderate India’s auto exports and squeeze margins for original equipment manufacturers (OEMs). The risk is not an immediate derailment of export momentum, but a slower, costlier route from overseas demand to dispatches and revenue, Rohan Kanwar Gupta, vice president at ICRA, tells EnterpriseAM.

Why it matters: India’s passenger vehicle exports rose 17.5%y-o-y to 905k units in FY 2026, with demand steady across the Middle East, Africa, and Latin America. The Middle East and the GCC are vital export markets for India’s vehicle industry, making up 20-25% of overall exports and acting as a crucial gateway to Africa and other parts of the world. “Any prolonged disruption due to the ongoing Middle East conflict could therefore moderate export volumes for Indian OEMs, especially if shipping timelines, container availability, or route visibility remain constrained,” Gupta notes.

The ripple effects: A slowdown in OEM export volumes will inevitably lead to a downstream blow to India’s auto component suppliers. From a logistics standpoint, rerouting ships away from the Suez Canal and around the Cape of Good Hope has already increased transit times by several weeks and caused freight rates to spike. For exporters, this translates into longer lead times, delayed export dispatches, and increased working capital requirements across the sector, Gupta tells us.

OEMs are facing a barrage of elevated costs, including longer transit times, higher freight and ins. premiums, currency volatility, and expensive raw materials. “OEMs are likely to look at selective price hikes to partly offset cost pressures,” Gupta explains. However, companies will need to balance these hikes against the risk of dampening demand. In the near term, manufacturers could lean on a mix of cost-control measures, supply-chain adjustments, and alternate routing rather than immediately passing the full cost burden onto overseas customers.

What to watch on the credit side: The disruption could become a material credit risk if it leads to “sustained moderation in export volumes, margin compression, and elevated working capital intensity,” according to Gupta. While temporary freight bumps are manageable, persistent logistics costs, inventory buildups, and delayed shipments could severely impact revenue conversion over multiple quarters.

Who is most at risk? “At this stage, the risk appears to be more of intermittent supply-chain bottlenecks rather than an industry-wide production halt. Specialized processes such as foundries, forging, casting, and paint shops, along with smaller MSME suppliers, could be more vulnerable because they may have limited flexibility to shift quickly to alternate inputs, fuels, or suppliers,” Gupta says.

Domestic demand in India remains a reliable buffer. ICRA expects passenger vehicle wholesale volumes to grow 4-6% in FY 2027, supported by demand momentum, indirect tax reforms, and new model launches. Growth, however, is expected to moderate from FY 2026 because of the high base and a weak monsoon outlook, Gupta cautions.

IndiGo’s turbulent quarter

India’s largest carrier, IndiGo (owned by InterGlobe Aviation), reported a net loss of INR 25.4 bn (USD 270 mn) for 4Q FY 2026 (which ended on 31 March), while revenue rose marginally to INR 224.3 bn (USD 2.3 bn), as per its earnings release. The low-cost carrier missed projections for a gain of INR 18.7 bn (USD 200 mn) as a weaker INR and high jet fuel prices hiked up the company’s ⁠expenses by 31% y-o-y.

What is driving the loss: IndiGo’s largest drag came from FX movements — booking a forex loss of INR 48.2 bn (USD 510 mn), compared with a gain of INR 1.4 bn (USD 14.7 mn) a year earlier. The currency weakened by more than 5% against the USD during the quarter. The firm also saw a one-off expense of INR 2.5 bn (USD 30 mn) tied to India's new labor code.

Why it matters: Earnings are under pressure in the aftermath of growing pressure on Indian airlines from elevated fuel costs, a weaker currency, and operational disruptions. Industry executives have warned that FY 2027 could prove loss-making for the sector, contingent on external factors, including fuel prices and exchange rates.

Fuel hedging back on the table

“We will be putting our minds to start looking at whether fuel hedging is another option, given what we’ve experienced in the last three months,” IndiGo’s Chief Financial Officer Gaurav Negi said in an earnings call.

Growth slows as volatility spikes: The airline forecasts capacity growth of 3-4% in 1Q FY 2027, compared with 16.4% a year earlier. IndiGo has approved a plan to prepay up to USD 450 mn in lease obligations to support aircraft, engine, and spare parts acquisitions as it continues fleet expansion despite a challenging operating environment.

Airlines cut capacity as fuel costs bite

MEANWHILE- IndiGo has cut 7-10% of scheduled domestic flights, while its rival Air India has reduced planned services by 22% for June and July amid heavy losses, Reuters reports, citing unnamed sources. The pullback by India’s two largest airlines, which together account for roughly 90% of India’s domestic passenger traffic, is likely to tighten seat availability and keep fares elevated during the peak summer travel season.

(** Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Schneider Electric expects double-digit data center growth in India

French energy management giant Schneider Electric anticipates its Indian data center division to grow faster than its remaining operations over the coming four to five years, Reuters reports, citing Sumati Sahgal, the firm’s vice president for Secure Power and Data Centers. The segment already makes up to 20% of the company’s footprint in India, expanding at a double-digit rate as operators invest heavily in energy-management systems, cooling, switchgear, power backup, and distribution networks required to run AI-ready facilities.

“This business will contribute to a much faster pace of growth than what the rest of the core business sees,” Sahgal told the newswire, highlighting that alongside grid modernization, data centers will be a primary growth engine for Schneider in the country. Investment is moving beyond Mumbai and Chennai into Gujarat and Rajasthan as hyperscalers, colocation operators, and enterprises build closer to users and look for integrated infrastructure.

The buildout is widening: India is projected to see its data center capacity surge from roughly 1.5 GW today to 7 GW by 2030. The broader market is on track to hit an estimated INR 3 tn (USD 31.36 bn) by 2035, according to Astute Analytica data picked up by the newswire.

Power layer: Domestic conglomerate Reliance Industries recently outlined plans to invest INR 1.6 tn (USD 17 bn) into a 1.5 GW data center hub in Visakhapatnam, complete with battery storage and captive renewable energy. This underscores a growing trend in which AI data infrastructure is increasingly planned around power availability, storage, and grid resilience.

Why it matters: The AI boom is extending its roots deep into cooling, power, and grid reliability — mirroring the infrastructure scale-up currently underway across the Gulf as local data capacity, AI, and sovereign clouds gain traction. In India, Schneider’s projected growth signals a broader supply-chain narrative. The expansion of data centers will drive intense demand for precision cooling, UPS systems, switchgear, transformers, and energy-management software, moving the spotlight beyond servers and cloud providers.

(** Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Odisha signs chip substrate MoU with Intel, 3DGS

Intel, 3DGS sign Odisha chip substrate MoU: US chipmaker Intel and Arizona-based 3D Glass Solutions (3DGS) have signed an agreement with the Odisha state government to set up an advanced packaging glass-core substrate manufacturing facility in the state, as per a post on X. The proposed project could see investment of around USD 3.3 bn and create more than 1.8k direct high-skilled jobs.

The details: The facility will make glass-core and high-density interconnect substrates used in advanced semiconductor packaging. These substrates form the base on which chip components are mounted, making them a key input for AI, high-performance computing, telecom, and next-generation electronics.

Supply-chain step-up: The project would give India a foothold in a higher-value part of the semiconductor supply chain as New Delhi tries to build domestic chip capacity. Intel would act as the technology partner, bringing process expertise, technology licensing, quality systems, and workforce development.

AI’s second wave brings more b’naires

The AI boom has led to a wave of sky-high valuations for companies that managed to be among the first out of the gate. Anthropic is nearing a USD 1 tn valuation on the back of its most recent funding round, overtaking OpenAI which was worth around USD 852 bn in March.

More recently, it’s the second wave of AI firms that’s increasingly garnering more investment attention and making b’naires of their founders, Bloomberg reports. Last year saw US AI startups yield 19 new b’naires, who together have a combined net worth of USD 59.3 bn.

The difference: While the so-called first wave of AI startups was mainly focused on products and sectors directly linked to the AI boom — think semiconductors, data centers, and LLMs — the next generation is targeting more applied uses for AI within existing industries. Newer firms are increasingly looking to automate processes in the law, med., coding, and audio-visual sectors.

Who’s on the list? Topping the list with a USD 60.2 bn valuation is Cerebras Systems, making b’naires of its founders Andrew Feldman (worth USD 2.8 bn) and Sean Lie (USD 1.5 bn). (Remember: Cerebras is a credible Nvidia alternative with wafer-scale chips, with a major UAE client base). Open-weight AI model developer Reflection’s USD 27 valuation has made its founders worth USD 4 bn each, while customer service software firm Sierra’s founders are worth USD 4.2 bn and USD 3.7 bn. OpenEvidence, an AI assistant for doctors, has made its founder Daniel Nadler — who’s also a published poet — worth USD 7.2 bn.

BUT- This might not remain the case for long, with longtime sector heavyweights like OpenAI and Anthropic also looking at expanding their offering to encompass tasks newer players are working on, and pulling in significant chunks of investor funds and attention through capital raises and upcoming public listings.

Some see a shakeout in the cards: Hedgeye’s Felix Wang sees the investment-intensive AI infrastructure segment as particularly likely to see a restructuring. Smaller players are likely to benefit from their more targeted scope and the room for innovation, however, protecting them from bubble territory, he says.

MARKETS THIS MORNING-

South Korea’s Kospi hit a fresh high in early trading this morning, gaining over 3.2% as optimism over the future of AI offsets the uncertainty around the regional war and still-stalled ceasefire negotiations. Japan’s Nikkei was up a more modest 1.3%. US equities are set to start off the week higher, with futures in the green.

Sensex	74,448	-0.4% (YTD: -12.6%)
NIFTY 50	23,441	-0.4% (YTD: -10.2%)
ADX	9,686	-0.1% (YTD: -3.07%)
DFM	5,803	+0.7% (YTD: -4%)
Tadawul	11,044	-0.3% (YTD: +5.2%)
EGX30	52,642	-0.03% (YTD: +25.8%)
Boursa Kuwait	8,667	+0.01% (YTD: +4.3%)
QSE	10,455	-0.9% (YTD: -2.8%)
S&P 500	7,580	+0.2% (YTD: +10.7%)
FTSE 100	10,392	-0.1% (YTD: +4.6%)
Euro Stoxx 50	6,057	+0.1% (YTD: +4.5%)
Brent crude	USD 94	+3.4%
Natural gas (Nymex)	USD 3.3	+2.07%
Gold	USD 4,528	-1.3%
BTC	USD 72,906	-1.1%

The values in the table above are listed according to the market position as of 3:30pm IST / 2pm GST.

Oman India renew maritime security pact

Oman and India have renewed an agreement on maritime security cooperation, doubling down on coordination in one of the world’s most strategically sensitive shipping corridors. The agreement was inked in Muscat by Rear Admiral Saif bin Nasser Al Rahbi and Indian Ambassador Godavarthi Venkata Srinivas, as per the Indian Embassy in Oman’s post on X.

Focus on shipping security: The renewed pact eyes exchange of expertise and coordination on maritime security issues. The agreement comes amid heightened regional tensions and continued risks to shipping lanes linked to the Strait of Hormuz crisis, with both sides emphasizing the importance of securing maritime navigation and regional trade flows.

CALENDAR

JUNE

15-17 June (Monday-Wednesday): Prime Minister Narendra Modi to attend G7 Summit in Evian, France.

18-21 June (Thursday-Sunday): Bharat Buildcon, Yashobhoomi, Dwarka, Delhi.

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

26 June (Friday): Muharram.

Signposted to happen sometime in 1H 2026:

Signing of India-Qatar FreeTrade Agreement (Details yet to be announced);
India-EU Trade and Technology Council Ministerial Meeting, Brussels, Belgium;
India to host the Brics Summit.

JULY

1-3 July (Wednesday-Friday): Seafood Expo Bharat, Chennai Trade Centre, Chennai.

3-4 July (Friday-Saturday): Rail & Transit Expo (RailTrans), Bharat Mandapam, New Delhi

3-4 July (Friday-Saturday): SOMS International Exhibition & Conference, Gandhinagar, Gujarat.

8-10 July (Wednesday-Friday): India Energy Storage Week, New Delhi.

14-17 July (Tuesday-Friday) Bharat Tex, New Delhi.

22-24 July (Wednesday-Friday): Rail & Metro Technology Conclave, Bharat Mandapam, New Delhi.

AUGUST

15 August (Saturday): Independence Day.

26 August (Wednesday): Prophet Mohammad’s Birthday.

SEPTEMBER

1-3 September (Tuesday-Thursday): India Energy Week, Dwarka, New Delhi.

1-6 September (Monday-Saturday): Dubai Fashion Week, Dubai Design District.

7 September (Sunday) Opec+ meet to discuss production policy for October.

7-9 September (Monday-Wednesday): iPHEX 2026 International Pharmaceutical Exhibition, Bharat Mandapam, New Delhi.

8-11 September (Tuesday-Friday): Global Fintech Fest, Mumbai.

9 September (Tuesday): Envision 2025, Atlantis, The Royal, Dubai.

17-19 September (Thursday-Saturday) : Semicon India Conference, Yashobhoomi, Delhi.

OCTOBER

2 October (Friday): Gandhi Jayanti (Mahatma Gandhi’s Birthday).

20 October (Tuesday): Dussehra.

NOVEMBER

24 November (Tuesday): Guru Nanak Jayanti.

DECEMBER

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

25 December (Friday): Christmas Day.

Signposted to happen sometime in 2H 2026:

Monsoon Session of Parliament is expected to be held in July/August in New Delhi (TBA);
Reserve Bank of India’s Monetary Policy Committee meeting for the September cycle (TBA);
India Mobile Congress will likely be held in October in New Delhi (TBA).

JANUARY 2027

30 January-3 February (Saturday-Wednesday): Printpack India, India Expo Centre, Greater Noida (Delhi NCR).

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