India unveils its AI governance framework

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Emirates NBD’s open offer for RBL bank in December.

Good morning, readers. India’s new power play is being written in code and crude.

India has unveiled its first-ever AI governance framework — opting for flexibility over strict rules — just as Nvidia joined the India Deep Tech Alliance. Reliance is taking an unusual turn putting UAE and Iraqi crude cargoes on the block amid shifting global oil flows.

Over in the Gulf, Emirates NBD is preparing its open offer for RBL Bank, setting up what could become India’s biggest foreign banking investment. The numbers may be cooling — services PMI has dipped — but the mood stays bullish.

Capital in motion: From Abu Dhabi’s KSH Investment backing an India FinTech fund to global heavyweights expanding in logistics and real estate, cross-border capital continues to prove one thing: the India-Gulf investment corridor isn’t just busy, it’s booming.

WATCH THIS SPACE-

#1- Emirates NBD will launch its open offer for Mumbai-listed RBL Bank’s public shares on 12 December, with the tender period closing on 26 December, according to a filing (pdf) to the NSE. The offer price remains set at INR 280 per share, as announced in October, while RBL shares last closed at INR 322.3.

Background: Emirates NBD’s board approved a plan last month to acquire 51-74% of India’s RBL Bank through a USD 3 bn preferential share issuance, marking what would be the largest foreign investment in India’s financial sector. The size of the preferential allotment will depend on how much of the open offer is taken up.

ADVISORS- ENBD tapped EY, JP Morgan, and NeoStrat Advisors as financial advisors and Shardul Amarchand Mangaldas & Co as counsel. AZB & Partners is providing counsel to RBL.

Meanwhile…: Indian auto-giant Mahindra & Mahindra sold its entire 3.5% equity holding in RBL Bank for INR 6.8 bn (USD 77 mn) on Thursday, gaining a return of 62.5% on its investment, Reuters reports. The exit preempts the original stated timeline of seven to 10 years, as CEO Anish Shah had previously positioned the investment as a strategic move to gain deeper insight into the banking sector.

#2- India's Purchasing Managers’ Index (PMI) for the services sector declined to 58.9 in October from the robust 60.9 recorded in September, Business Standard reports, citing HSBC India Services Purchasing Managers’ Index. Despite this moderation, the headline index remains indicative of a robust growth environment, sitting comfortably above the 50.0 threshold — the benchmark separating growth from contraction — and notably exceeding its long-run average of 54.3, the business daily added.

The current PMI level is running well above historical metrics, suggesting that the underlying market conditions for the services sector remain fundamentally solid and structurally supportive of growth, HSBC's Chief India Economist Pranjul Bhandari told the daily.

#3- US-based semiconductor and AI company Nvidia Corp has joined the India Deep Tech Alliance as a founding member and strategic adviser, Reuters reports. The alliance — which also counts Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chiratae Ventures, and Kalaari Capital among its members — has raised over INR 71 bn (USD 850 mn) in new commitments to support India-based startups in AI, semiconductors, space technology, and robotics.

Alliance expansion: As part of its advisory role, Nvidia will provide technical expertise, developer training, and policy input to help startups adopt advanced computing tools and scale globally. The move aligns with India’s INR 1 tn (USD 12 bn) national research and innovation programme, as deep-tech investment in the country grew 78% y-o-y to INR 133 bn (USD 1.6 bn) in 2024, the newswire added, citing a Nasscom report.

Middle East footprint: Nvidia is deepening its Middle East footprint, launching the region’s first joint AI and robotics lab with Abu Dhabi’s Technology Innovation Institute and agreeing to supply its latest Blackwell chips to Saudi Arabia’s Humain AI platform, AP News reports.

#3- US President Donald Trump and Indian Prime Minister Narendra Modi are in regular contact as trade talks between the two countries continue, according to a White House statement. Trump “has great respect for Prime Minister Modi,” White House spokesperson Karoline Leavitt said, adding that the two leaders have been speaking frequently as trade teams engage in “very serious discussions.”

Trade backdrop: The statement followed Trump’s remarks in South Korea last week that Washington wants to reach a new trade deal with India, after relations hit their lowest point in decades when the US doubled tariffs on Indian imports in response to India’s continued purchases of Russian oil.

#4- An EU-sanctioned tanker is discharging Russian naphtha at an Adani-operated port, highlighting the Adani Group’s change of stance on its September ban on sanctioned vessels docking at the port, Reuters reports. The medium-range tanker Prometei is currently unloading approximately 30k metric tons of Russian naphtha at the Mundra port in western India. This development contradicts the Adani Group's 11 September directive which explicitly barred tankers sanctioned by Western countries from all its ports. Last month, the port turned away a different sanctioned vessel chartered by Roseneft-backed refiner Nayara Energy.

#5- Global stock market index MSCI will add four India-listed companies to its flagship index by 24 November — Paytm, Fortis Healthcare, GE Vernova T&D India, and Siemens Energy India, Reuters reports. Two Indian firms, Tata Elxsi and logistics company Container Corporation of India, will be removed. Eight Indian stocks will see an increase in their representation, with notable mentions including Asian Paints, Apollo Hospitals, Lupin, and SRF. Seven stocks will experience a reduction in weightage, including Samvardhana Motherson, Dr. Reddy's, REC, and Zydus Life.

DATA POINTS-

Millennials and Generation Z together accounted for over 80% of outbound travel bookings from the UAE in 2025, Gulf news reports, citing data from US-based visa processing platform Atyls. Millennials made up nearly 56% of total bookings, Gen Z about 25%, and Gen X travellers 17.11%. The platform reported a 69% male to 31% female ratio among travelers. Top destinations for UAE residents included Egypt, Indonesia, Saudi Arabia, Turkey, and Azerbaijan in the summer, while Saudi Arabia, the UK, Thailand, and Indonesia led in winter preferences.

PSAs-

Saudi Arabia’s Foreign Ministry has launched a pilot version of its e-visa to simplify short-term travel applications, The Times of India reports. The digital system issues single-entry visas valid up to 90 days and multiple-entry visas valid for one year within three business days. The visa costs about USD 80 excluding service and ins. fees and is open to citizens of more than 60 countries. Holders of valid US, UK, or Schengen visas and permanent residents of eligible countries can avail the service. However, Indian passport holders are not eligible.

THE BIG STORY ABROAD-

Musk is getting his USD 1 tn package: Tesla shareholders approved CEO Elon Musk’s USD 1 tn pay package — the largest ever for a CEO and a figure larger than the size of most economies. This sets Musk up to become the world’s first t’naire, and to expand his stake in the EV maker to 25% or more over the next 10 years. The package is tied to targets including a significant expansion of Tesla’s market value, getting its robotaxis off the ground, and improving its car business as it continues to lose market share to Chinese competitors. (Bloomberg | Financial Times | Reuters | Wall Street Journal | New York Times)

ALSO- Swiss commodity trader Guvnor has withdrawn its USD 22 bn bid to take over Russian energy firm Lukoil’s international assets after the US blocked the transaction, criticizing the firm for being “the Kremlin’s puppet.” (FT | Reuters)

CLOSER TO HOME- Sudan’s Rapid Support Forces agreed to a ceasefire proposal put forward by the US, the UAE, Saudi Arabia, and Egypt, which would last three months and be followed potentially by an end to hostilities. The caveat? This is not the first ceasefire it has agreed to, with several previously failing to end the war against the Sudanese army which has now been ongoing for 30 months. The news comes following an escalation of violence after the RSF took over the city of El Fashir, with reports of mass killings and kidnappings. (Reuters | Guardian)

AND- Kazakhstan is set to join the Abraham Accords, US President Donald Trump said yesterday, formalizing its already normalized ties with Israel. (Reuters)

Abu Dhabi’s KSH Investments backs Cedar-IBSi FinTech fund

India-based venture-capital firm Cedar-IBSi Capital has received a limited-partner (LP) commitment from Abu Dhabi’s KSH Investments for its debut FinTech fund, according to a press release. KSH Investments is the strategic global investment and wealth-management arm of the Private Department of Mohamed bin Khalid Al Nahyan in Abu Dhabi.

Fund details: Launched in 2023, the fund targets an up to INR 2.6 bn (up to USD 30 mn) ticket size and focuses on B2B and enterprise software for financial services. It builds on the banking-technology legacy of Cedar consulting and IBS Intelligence.

Commitment and advisers: The LP commitment from KSH Investment was described as sizable, with financial terms undisclosed. The partnership aims to tap the Indian and regional FinTech ecosystem, leveraging Cedar’s sector expertise. Finmark Capital (DIFC) and Profit Financial Advisory acted as strategic advisers to the transaction.

Existing backers + strategy: The fund completed its first close in 2024 and is already backed by Indian institutional investors including Muthoot Finance, IIFL Capital, and a number of family offices. It plans to invest up to INR 88 mn (up to USD 1 mn) per company in 10-15 early-stage FinTech startups. Current portfolio companies include intelligent-document-processing firm Cogniquest and an incentive-compensation software firm WonderLend Hubs, with a third investment currently under evaluation.

Outlook: The fund expects a final close by end-2025. Founder and Managing Partner Sahil Anand said the partnership will strengthen cross-border collaboration in financial-technology investment between India and the UAE.

Reliance puts UAE, Iraqi oil cargoes up for sale in rare trading move

Indian oil giant Reliance Industries has offered Middle Eastern crude cargoes for sale to domestic and international buyers in a rare move, Bloomberg reports, citing people at companies that received the offers.

The offer: Reliance, which operates a key refining complex in the western state of Gujarat, has sought buyers for Murban and Upper Zakum crude from the UAE on the spot market. The company has also sold a cargo of Iraqi Basrah Medium crude to a Greek buyer, the news outlet added, citing people familiar with the sale.

Unusual step: Reliance is typically a major importer of Middle Eastern and Russian oil, not a seller. The move marks a reversal of its usual trading pattern and comes as Indian refiners adjust supply sources amid tightening Western sanctions that have made purchasing discounted Russian crude more difficult.

Compliance shift: Reliance was India’s top importer of Russian crude this year but purchased additional barrels from the Middle East last month after the US imposed new sanctions on Russian oil revenues. The company said it would comply with sanctions and adjust operations to meet new rules. It previously had a term supply deal of about 500k barrels per day (bpd) with Russia’s Rosneft PJSC.

Market context: India’s crude imports from the US rose to a record 568k bpd in September, dislodging the UAE as New Delhi’s fourth-largest supplier, The Hindu Businessline reported, citing Kpler data. Imports from the US averaged 450k-500k bpd in October and are expected to remain steady in November, the news outlet added, citing Kpler lead analyst Sumit Ritolia. The increase was driven by a favorable Brent-WTI spread and lower freight costs, helping Indian refiners diversify supply as Russian inflows decline.

Sanmar group signs long term perchem supply agreement with Ta’ziz

Ta’ziz secures offtake for EDC and VCM: Abu Dhabi based Ta’ziz signed two term sheets with India’s Sanmar Group for long-term product sales covering more than 350k tonnes a year of ethylene dichloride (EDC) and vinyl chloride monomer (VCM), according to a statement. The feedstocks will be produced at the Ta’ziz industrial ecosystem in Ruwais Industrial City and supplied under agreements running for up to 10-years, giving Sanmar secure offtake for core inputs used in polyvinyl chloride (PVC).

ICYMI- Ta’ziz — a JV between ADQ and Adnoc — just awarded a AED 7.3 bn (c.USD 2 bn) EPC contract to China National Chemical Engineering & Construction Corporation Seven to build the UAE’s first PVC plant in Ta’ziz industrial ecosystem in Ruwais. The facility will produce 1.9 mn tonnes annually of PVC, ethylene dichloride (EDC), vinyl chloride monomer (VCM), and caustic soda.

Industrial ecosystem? Ta’ziz inked off some USD 6.7 bn in EPC contracts awarded for ammonia and methanol plants within Phase 1 of the company’s industrial ecosystem in Ruwais — which is expected to contribute some AED 183 bn to the economy — targeting 4.7 mn tonnes annually of capacity across chemicals and transition-fuel products. T’aziz has also already awarded three USD 2 bn contracts for infrastructure development at its chemicals and transition fuels site in Al Ruwais Industrial City.

India releases India’s first AI governance policy guideline

India’s Electronics and Information Technology Ministry has released the country’s first AI policy framework, which proposes adaptive regulation and amendments to existing laws instead for a new standalone AI act, The Hindu Businessline reports.

Framework details: The framework aims to promote AI adoption built around the guiding principles of accountability, inclusivity, reliability, fairness, safety and security, equality, transparency and sustainability. The government has also outlined six governance pillars, covering areas including infrastructure, risk mitigation, capacity building, and oversight mechanisms, according to the Press Information Bureau.

Regulatory approach: The framework recommends updating existing regulations — including the Information Technology Act, 2000, and the Digital Personal Data Protection Act, 2023 — instead of introducing a new AI-specific law. It aims to address emerging risks such as bias, misinformation, and data misuse through targeted amendments. The framework also proposes setting up an AI Governance Group supported by an expert committee to monitor compliance and guide sectoral reforms, according to the Press Information Bureau.

Policy direction: The ministry’s senior most official, Secretary S. Krishnan, said the focus is on “encouraging innovation first while ensuring accountability through adaptive oversight.” The framework was developed by a committee chaired by leading academics with participation from government think tank NITI Aayog, Microsoft Research India, law firm Trilegal, and software industry think tank iSPIRT Foundation.

Global context: India’s model positions itself between the EU’s AI Act, which adopts a strict risk-based framework, and the US’ voluntary guidelines, promoting a flexible balance between innovation and safety. The framework was unveiled in New Delhi on 5 November, ahead of the India AI Impact Summit 2026.

SBI to list mutual fund joint venture with Amundi

SBI to sell 6.3% stake in fund arm: Public sector lender State Bank of India (SBI) will sell a 6.3% stake in its asset-management joint venture SBI Funds Management (SBIFML) through an IPO, Reuters reports.

Joint venture structure: SBIFML is a joint venture between SBI and Amundi India Holding, a subsidiary of French asset manager Amundi SA. SBI holds 61.9%, while Amundi India Holding owns 36.4% in the firm. Amundi will sell an additional 3.7% stake in the IPO, taking the total offer size to about 10% SBIFML’s equity.

Business scale: The fund manager oversees nearly INR 120 bn (USD 1.37 bn) in assets, catering to retail and institutional investors through mutual funds and investment portfolios.

Timeline: The IPO is expected to be completed in 2026. SBI said it will appoint investment bankers and conduct a fresh valuation of SBIFML before proceeding with the offer.

Background: This marks SBI’s second attempt to list its asset-management arm after an earlier plan announced in 2021 was shelved due to market volatility and internal capital considerations.

Market context: The announcement comes amid a strong IPO cycle in India. More than 240 large and mid-size firms raised about INR 876 bn (USD 10.5 bn) in the first nine months of 2025, with total proceeds expected to surpass the previous year’s INR 1.71 tn (USD 20.5 bn).

The banking and finance sector has raised INR 167 bn (US 1.9 bn) through IPOs till October this year. The Abu Dhabi Investment Authority (ADIA) backed three significant IPOs in India during 2025: LG electronics, Lenskart, and Groww.

India-New Zealand trade talks resume; goods and services top agenda

India’s Commerce Minister Piyush Goyal arrived in Auckland, New Zealand to review progress on the proposed FTA between the two countries, Press Trust of India reports. The visit coincides with the fourth round of negotiations, which began on 3 November and will continue through 7 November. Goyal met New Zealand’s Trade and Investment Minister Todd McClay to assess progress on key chapters including trade in goods and services and rules of origin.

The talk aims to build on momentum from earlier rounds since negotiations were launched on 16 March and to move toward an early conclusion of a comprehensive agreement. Bilateral merchandise trade between India and New Zealand stood at USD 1.3 bn in FY 2024-25, marking a 49% y-o-y growth, The Economic Times reports.

Agri-tech cooperation: Agriculture technology has emerged as a key focus area in the India-New Zealand trade talks, The Hindu reports. McClay said his country plans to share farm innovations, irrigation expertise, and sustainability models to support Prime Minister Narendra Modi’s 2030 farm-income goal, as both sides work to narrow differences on agricultural market access. The two countries are also exploring collaboration in food processing and climate-resilient farming.

Aviation and connectivity: Goyal also met Air New Zealand CEO Nikhil Ravishankar to explore collaboration in India’s expanding aviation sector, ANI reports. Discussions covered training partnerships, maintenance cooperation and the possibility of direct flight connectivity by 2028 to strengthen business and tourism links. Both sides said aviation collaboration could play a key role in boosting bilateral trade and mobility.

The renewed push follows efforts by both countries to diversify supply chains beyond the Asia-Pacific’s dominant trade corridors. New Zealand seeks deeper access to India’s services and agri-markets, while India aims to tap advanced food-tech and logistics expertise as part of its export diversification agenda.

INDIA + JAPAN-

India's Foreign Minister S. Jaishankar affirmed the deepening strategic partnership between India and Japan, identifying it as essential for enhancing stability in the Indo-Pacific region and contributing to global economic growth, according to a press release. Speaking at the 8th India-Japan Indo-Pacific Forum, Jaishankar stressed that as two major maritime democracies, the nations share a "larger responsibility" for the region.

Tesla names Sharad Agarwal as India head

Tesla has appointed Sharad Agarwal (Linkedin), former head of Lamborghini India, as its India head, Press Trust of India reports. Agarwal, who most recently served as chief business officer at Classic Legends, a subsidiary of Mahindra & Mahindra, has over two decades of experience in the automotive sector, including leadership roles at Volkswagen Group. He will oversee Tesla’s operations and market strategy as the company expands its footprint in India.

Lighthouse Canton secures INR 3.3 bn in strategic funding

Singapore-based investment firm Lighthouse Canton has raised INR 3.3 bn (USD 40 mn) in a strategic funding round led by Peak XV Partners, according to a press release. Other investors include the investment holding company Nextinfinity and Qatar Insurance Company (QIC), an existing backer. This marks the firm’s first external fundraise, with proceeds to be used to upgrade its technology platform, expand product offerings, and recruit senior talent for its next phase of growth.

India focus: Founded in 2014, Lighthouse Canton manages over INR 412 (USD 5 bn) in assets across Singapore, India, the UAE, and the UK. The firm recently announced plans to invest over INR 124 bn (USD 1.5 bn) in India over the next few years, targeting private credit and real estate. It has already deployed about USD 350 mn in Indian alternative assets and manages 1.2 mn sq ft of real estate in Hyderabad, while expanding to Bengaluru and Mumbai, Reuters reports.

AI-

AI customer support platform Giga has secured a USD 61 mn Series A round led by Redpoint Ventures, with participation from Y Combinator and Nexus Venture Partners, according to a press release. The funding is earmarked to accelerate its go-to-market motion, grow its technical team and scale deployments with major enterprises. Giga was founded by Varun Vummadi and Esha Manideep, who graduated from IIT Kharagpur, India’s leading engineering college. The platform is engineered to deploy “emotionally intelligent agents” capable of real-time reasoning and issue resolution without human handoff.

REAL ESTATE-

US-based real estate developer Panattoni plans to invest about USD 100 mn annually in India to expand its logistics and industrial footprint, The Economic Times reports. The company will develop build-to-suit, joint venture, and development management projects across Indian business hubs — Delhi-NCR, Mumbai, Pune, Chennai, Bengaluru, and Hyderabad— as part of its long-term expansion plan.

Mashreq Capital sees upbeat 4Q for MENA bonds, selective upside in equities

The final quarter of 2025 is expected to bring a supportive backdrop for MENA fixed income and some regional equities, according to Mashreq Capital’s latest quarterly outlook (pdf). The region’s bond markets remain supported by strong fundamentals and steady demand, while equities in markets like the UAE, Saudi Arabia, and Oman are benefitting from impressive macro turnarounds, reform momentum, and improving liquidity.

MENA bonds to deliver near double-digit returns: MENA fixed income continues to outperform global peers, supported by resilient sovereign balance sheets, the US Federal Reserve’s easing cycle, and strong demand from local and Asian investors. The Bloomberg MENA USD Aggregate Index rose 8.6% in 9M 2025 and is on track for close to double-digit returns for the full year. Yields hover around 5.4%, roughly 10 bps above the five-year average and about 80-100 bps above other regional aggregates. Sovereigns and GREs remain the main performance drivers, led by Saudi Arabia (+309 bps), the UAE (+234 bps), and Qatar (+85 bps).

Default rates across MENA are projected to stay well below global EM averages. Corporate defaults have averaged just 0.4% over the past five years versus 1.5% globally, reflecting the region’s high-grade mix and limited corporate leverage.

Mashreq maintains a constructive stance on Egypt, supported by macro stabilization, fiscal reforms, and improving ratings momentum. Egypt benefits from high real interest rates, a narrowing current-account deficit, and IMF-backed reforms, with foreign reserves at USD 49 bn and inflation down to 12%, Mashreq Capital said.

It holds neutral views on Saudi Arabia and the UAE, citing solid fundamentals but limited room for further spread tightening. Saudi Arabia’s long end faces supply pressure amid rising issuance and a widening fiscal deficit, estimated at 5.3% of GDP, while the UAE remains preferred for quality duration exposure and defensive value. Mashreq favors short- to mid-duration Saudi bonds, selective infrastructure-linked corporates in Saudi Arabia and the UAE, and GCC AT1s and Tier 2s for attractive carry backed by well-capitalized banks.

Supply outlook stays elevated: Regional issuance has already reached USD 128 bn YTD, surpassing 2024’s total, and is forecast to hit USD 147 bn by year-end. Sovereigns and GREs dominate supply, with Saudi Arabia accounting for around 45%. Sukuk issuance remains robust at USD 74 bn, or 58% of the total.

On the equities front: Mashreq holds a constructive bottom-up view on Saudi Arabia and the UAE, where diversification agendas and liquidity conditions continue to improve. Saudi Arabia remains supported by increased fiscal discipline and new structural reforms, including potential foreign ownership limit increases and easing of Qualified Foreign Investor rules. In the UAE, tourism, AI-linked technology, and commercial real estate remain key structural themes. Despite short-term concerns over potential oversupply in Dubai property, strong end-user demand and disciplined construction suggest limited downside, Mashreq Capital says.

Risks to watch: Mashreq identifies sustained oil price weakness as the primary macro risk, given its impact on fiscal balances. Saudi Arabia is most sensitive to oil price movements, while the UAE is relatively insulated. The report also notes that geopolitical risks have receded, shifting market focus toward oil price dynamics and policy execution.

MARKETS THIS MORNING-

Asian markets are a sea of red, as they track Wall Street losses amid waning sentiment around AI. Japan’s Nikkei fell 1.9%, while South Korea’s Kospi lost 1.5% and Hong Kong’s Hang Seng fell 0.6%. Over on Wall Street, futures are pointing to a slight rebound after the losing session for the S&P and Nasdaq.

ADX	10,024	+0.1% (YTD: +6.4%)
DFM	6,022	+0.5% (YTD: +16.7%)
Nasdaq Dubai UAE20	4,861	+0.5% (YTD: +16.7%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	3.7% o/n	3.8% 1 yr
TASI	11,302	+0.4% (YTD: -6.2%)
EGX30	39,950	+2.1% (YTD: +34.3%)
S&P 500	6,720	-1.1% (YTD: +14.3%)
FTSE 100	9,736	-0.4% (YTD: +19.1%)
Euro Stoxx 50	5,611	-1% (YTD: +14.6%)
Brent crude	USD 63.38	-0.2%
Natural gas (Nymex)	USD 4.4	+0.9%
Gold	USD 3,993.7	+0.1%
BTC	USD 101,309	-2.1% (YTD: +7.3%)
Chimera JP Morgan UAE Bond UCITS ETF	AED 3.75	-1.3% (YTD: +7.7%)
S&P MENA Bond & Sukuk	151.57	-0.3% (YTD: +8.3%)
VIX (Volatility Index)	19.5	+8.3% (YTD: +13.5%)

CALENDAR

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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