{"id":84909,"date":"2025-11-12T00:00:00","date_gmt":"2025-11-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/?post_type=issue&#038;p=84909"},"modified":"2025-12-11T10:29:09","modified_gmt":"2025-12-11T10:29:09","slug":"adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/","title":{"rendered":"Adia backs Emmvee\u2019s IPO + Indian refiners expand MENA imports"},"content":{"rendered":"<section id=\"84911\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"84911\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/indian-refiners-boost-middle-east-oil-intake-amid-russian-supply-freeze-india-bahrain-ink-deal-to-enable-real-time-cross-border-payments\/\">\r\n                            THIS MORNING: Indian refiners ramp up Gulf oil intake as Russian flows pause                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/indian-refiners-boost-middle-east-oil-intake-amid-russian-supply-freeze-india-bahrain-ink-deal-to-enable-real-time-cross-border-payments\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/indian-refiners-boost-middle-east-oil-intake-amid-russian-supply-freeze-india-bahrain-ink-deal-to-enable-real-time-cross-border-payments\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/indian-refiners-boost-middle-east-oil-intake-amid-russian-supply-freeze-india-bahrain-ink-deal-to-enable-real-time-cross-border-payments\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Indian refiners boost Middle East oil intake amid Russian supply freeze + India-Bahrain ink deal to enable real-time cross-border payments&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/indian-refiners-boost-middle-east-oil-intake-amid-russian-supply-freeze-india-bahrain-ink-deal-to-enable-real-time-cross-border-payments\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/indian-refiners-boost-middle-east-oil-intake-amid-russian-supply-freeze-india-bahrain-ink-deal-to-enable-real-time-cross-border-payments\/&title=Indian refiners boost Middle East oil intake amid Russian supply freeze + India-Bahrain ink deal to enable real-time cross-border payments\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Indian+refiners+boost+Middle+East+oil+intake+amid+Russian+supply+freeze+%2B+India-Bahrain+ink+deal+to+enable+real-time+cross-border+payments+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2025%2F11%2F12%2Findian-refiners-boost-middle-east-oil-intake-amid-russian-supply-freeze-india-bahrain-ink-deal-to-enable-real-time-cross-border-payments%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/indian-refiners-boost-middle-east-oil-intake-amid-russian-supply-freeze-india-bahrain-ink-deal-to-enable-real-time-cross-border-payments\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/839.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84912\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/indian-refiners-boost-middle-east-oil-intake-amid-russian-supply-freeze-india-bahrain-ink-deal-to-enable-real-time-cross-border-payments\/839-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/839.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"839.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/839.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/839.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84911\" class=\"content-area-description single-story post-84911 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-bahrain tag-enterpriseam-india tag-lenskart tag-oil-and-gas tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.70e4f41b-1e31-47c2-ab3b-7f1f3ca5e954.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** WHAT ARE YOU READING? ***<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is <\/strong>EnterpriseAM MENA <> India, our newest publication. Published every Monday, Wednesday, and Friday, it tracks one of the most important economic stories shaping our region: the flow of capital, trade, talent, and ideas between the Middle East, North Africa, and the Indian subcontinent.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">As a valued member of our community, we thought you might like to see this special preview.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Here\u2019s how it works:<\/strong><\/p>\n<ul>\n<li>You\u2019re receiving today\u2019s issue and will also receive the <strong>Friday <\/strong>issue.<\/li>\n<li>To keep getting EnterpriseAM MENA <> India in your inbox, you <strong>must subscribe<\/strong> to the new list by tapping below.<\/li>\n<li>Don\u2019t want to keep getting it? No sweat \u2014 you won\u2019t starting this Sunday.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/sub.ent.news\/mena-india\" style=\"\" rel=\"noopener\">TAP OR CLICK HERE TO SUBSCRIBE<\/a><\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends <\/strong>and welcome to issue #2 of EnterpriseAM MENA <> India. The corridor is busy today with capital flowing east and ambition pushing west. From clean energy megaprojects to USD bn takeovers, the week is already running on full charge.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The numbers tell the story:<\/strong> Last year, MENA + India contributed some USD 8 tn to global GDP. Bilateral trade between India and the Gulf Cooperation Council (GCC) countries reached USD 178 bn in 2025, while GCC investors collectively poured c. USD 28 bn into India last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN THIS MORNING\u2019S ISSUE:<\/strong> Indian refiners are returning to MENA to fuel the world\u2019s fastest-growing economy \u2014 and India and Bahrain have linked up their digital payment systems to make remittance transfers instant. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Adani Group is aiming high <\/strong>\u2014 to build the world\u2019s largest battery storage project in Gujarat. Meanwhile, India\u2019s most influential business lobby is proposing the creation of a new sovereign wealth fund. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">YOU\u2019RE READING EnterpriseAM MENA <> India, your c-suite briefing on the movement of trade, investment, people, and ideas along one of the world\u2019s most exciting corridors. Every Monday, Wednesday and Friday at 9am UAE, we dive deep into the business, finance, economy, and policy headlines and trendlines that will move markets and set the tone for your day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Indian businesses want a piece of MENA<\/strong>, the world\u2019s most exciting economic bloc and an exporter of capital on a global scale. Major corporations and startups alike want to grow in Saudi Arabia, the UAE, Egypt, and beyond. Large groups are looking to the UAE for finance, the chance to monetize their businesses, or as a regional headquarters, while startups are attracted by regulatory clarity and new opportunities for expansion. And, of course, MENA is a magnet for outstanding Indian talent across just about every discipline you can name. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arab businesses and governments alike look at India and see not just the world\u2019s largest <\/strong><strong>population, but one of the planet\u2019s most compelling business stories. <\/strong>Whether it\u2019s investment in energy, technology, manufacturing, or banking, MENA businesses and governments are deploying capital in India on a scale never-before seen. They\u2019re eager to attract the subcontinent\u2019s best and brightest to invest and do business in the Arab world \u2014 and who wouldn\u2019t want to sell into India, whether you\u2019re exporting energy, petrochemicals, or production inputs?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">EnterpriseAM MENA <> India is for C-suite execs and entrepreneurs \u2014 and bankers, business development pros, founders, and builders. Whether you\u2019re reading us in Abu Dhabi, Riyadh, Mumbai, New Delhi, or points in between, this is your daily dose of fact and inspiration if you care about what happens along this exciting corridor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this briefing? <\/strong><a target=\"_blank\" href=\"https:\/\/sub.ent.news\/mena-india\/\" style=\"\" rel=\"noopener\">Tap or click here to sign up without charge for your own<\/a><a target=\"_blank\" href=\"https:\/\/sub.ent.news\/mena-india\/\" style=\"\" rel=\"noopener\">own copy.<\/a> <\/p>\n<p class=\"tag-border-left\"> SIGN OF THE TIMES?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Goldman<\/strong><strong> is bullish on Indian equities: <\/strong>Goldman Sachs has upgraded India to \u201coverweight\u201d from \u201cneutral,\u201d reversing its October 2024 downgrade, citing stronger earnings and an improved domestic policy environment, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/goldman-sachs-upgrades-india-back-overweight-sees-nifty-rising-14-by-2026-end-2025-11-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The investment bank predicts that India\u2019s benchmark index Nifty 50 will reach 29k points by the end of 2026 \u2014 14% above where it stands today. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreigners have pushed to the exit, but locals have piled in: <\/strong><\/p>\n<ul>\n<li>Foreign portfolio investors have pulled USD 17.4 bn out of the market this year<\/li>\n<li>Domestic institutions have absorbed the hit, deploying USD 70 bn into equities.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Goldman likes:<\/strong> financials, consumer durables, staples, autos, defence, oil marketing companies, internet, and telecom. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The drivers: <\/strong>Tax cuts, central bank rate cuts, and slower fiscal consolidation are all supporting growth. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Goldman is lukewarm on: <\/strong>export-oriented IT, pharma, chemicals, and industrials.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>#1- <\/strong><strong>India<\/strong><strong> loads up more MENA crude: <\/strong>India\u2019s state-run Hindustan Petroleum Corp (HPCL) has booked 2 mn bbl of Abu Dhabi\u2019s Murban crude for January, while Mangalore Refinery and Petrochemicals secured 1 mn bbl of Basra Medium crude, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/indias-hpcl-mrpl-buy-5-million-barrels-us-mideast-oil-sources-say-2025-11-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing trade sources. HPCL also bought 2 mn bbl of US West Texas Intermediate crude, marking a continued push to diversify supply beyond the region. HPCL and Mangalore have both paused Russian oil imports, Reuters added.<\/p>\n<p><strong>IN CONTEST: <\/strong>Saudi and Iraq are among MENA suppliers that will provide Indian refiners with their full-term crude allocations in December, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-arabia-iraq-allocate-full-term-crude-volumes-indian-refiners-december-2025-11-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> adds. The two largest Opec producers are also offering additional volumes under optional contracts, while Kuwait Petroleum has boosted deliveries for November and December. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The discounts helped:<\/strong> Indian refiners are eying more supply after Aramco cut oil prices to Asian refiners, as we <a target=\"_blank\" href=\"https:\/\/enterprise.news\/mena-india\/en\/news\/story\/d6c985c6-1cc1-4953-83f4-e3c47fb65437\/aramco-cuts-crude-price-to-defend-asian-market-share,-russian-barrels-offer-steeper-reduction\" style=\"\" rel=\"noopener\">noted<\/a> earlier this week. Saudi Arabia trimmed its official selling prices to Asia for December, pushing Arab Light to an 11-month low last week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Spot premiums for Middle Eastern crude <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d8756925-3b7c-4f78-bb27-0b676d6143f2\/this-morning:-pe-backed-ipos-could-start-trickling-in-in-the-gulf-%2B-deadline-for-content-creators%25e2%2580%2599-license-extended\" style=\"\" rel=\"noopener\">climbed<\/a> late last month after fresh US sanctions on Russian producers Rosneft and Lukoil drove expectations that India and China would be seeking alternative supplies. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2-<\/strong> <strong>UPI<\/strong><strong> and Fawri+ will offer instant India-Bahrain payments:<\/strong> India and Bahrain have inked a pact to link India\u2019s digital payments system Unified Payments Interface (UPI) with Bahrain\u2019s Fawri+ platform, making possible instant cross-border remittances between the two markets, <a target=\"_blank\" href=\"https:\/\/www.cnbctv18.com\/personal-finance\/users-may-send-money-instantly-between-india-and-bahrain-upi-payments-19751178.htm\" style=\"\" rel=\"noopener\">CNBC TV18<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why does it matter? <\/strong>UPI, launched just nine years ago, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/10\/16\/cnbcs-inside-india-newsletter-upis-global-push-seems-an-economic-strategy.html\" style=\"\" rel=\"noopener\">processes even more real-time<\/a><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/10\/16\/cnbcs-inside-india-newsletter-upis-global-push-seems-an-economic-strategy.html\" style=\"\" rel=\"noopener\">payments (640 mn a day) than does Visa (639 mn)<\/a>. Indian expats make up nearly 30% of Bahrain\u2019s population by some estimates. The agreement is regulated by the Reserve Bank of India and the Central Bank of Bahrain. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>India\u2019s<\/strong><strong> Consumer Affairs Ministry has proposed new rules requiring e-commerce <\/strong><strong>platforms to include a \u201ccountry of origin\u201d filter on all packaged goods<\/strong>. The measure, outlined in draft amendments to the Legal Metrology (Packaged Commodities) Rules, 2011, would allow customers to search and filter products based on where they are made.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Compliance scope: <\/strong>The proposal, open for public feedback until 22 November, applies to all online marketplaces selling packaged commodities. The ministry said the rule aims to \u201censure a level playing field\u201d between domestic and foreign-made products. <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/india-proposes-e-commerce-rules-requiring-country-origin-filters-2025-11-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> and <a target=\"_blank\" rel=\"noopener\">CNBC TV-18<\/a> have the story.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>#4- Engineers India is going after business in Saudi Arabia in a new <\/strong><strong>partnership with the UAE\u2019s NMDC Energy. <\/strong>State-run Engineers India Ltd. (EIL) has inked an MoU on engineering, procurement, and construction that will see it bid with NMDC Energy for onshore projects in Saudi Arabia across oil and gas processing, petrochemicals, pipelines, refineries, storage terminals, and energy transition, according to a <a target=\"_blank\" href=\"https:\/\/engineersindia.com\/Media\/Details\/EIL-signs-MoU-with-NMDC-Energy,-UAE\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regional facilities are in play: <\/strong>NMDC has fabrication facilities in Ras Al Khair while EIL runs a design center in Al Khobar.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- EIL wants to grow its EPC business in MENA<\/strong>, eyeing refinery upgrades, the addition of new capacity at fertilizer plants, and green hydrogen and ammonia infrastructure. EIL has so far this year <a target=\"_blank\" href=\"https:\/\/www.thehindubusinessline.com\/companies\/eil-inks-mou-with-nmdc-energy-to-explore-onshore-oil-gas-projects-in-saudi-arabia\/article70263642.ece#:~:text=State%2Drun%20Engineers%20India%20(EIL,Storage%20Terminals%2C%20and%20Energy%20Transition.\" style=\"\" rel=\"noopener\">booked<\/a> technical support mandates with units of UAE national oil company Adnoc in the UAE, as well as with Bahrain Petroleum Company in Bahrain, and green ammonia jetty-less engineering work in Oman.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>India\u2019s<\/strong><strong> unemployment rate eased to 5.2% in 2Q <\/strong><strong>(July-September)<\/strong>, down from 5.4% in 1Q, according to the <a target=\"_blank\" href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2188343\" style=\"\" rel=\"noopener\">Periodic Labour Force Survey<\/a> released by the government. The overall labor force participation rate held steady at 55.1%, with rural participation at 57.2% and urban at 50.7%, indicating a stable employment environment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More women are working: <\/strong>Female labor force participation rose to 33.7% q-o-q, up from 33.4% in 1Q, with rural women accounting for most of the gains at 37.5%. In rural India, the unemployment rate fell to 4.4%, while urban joblessness edged up slightly to 6.2%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Self-employment in rural areas increased to 62.8%<\/strong>, reflecting seasonal agricultural activity, with agriculture employing 57.7% of rural workers. In cities, the share of salaried employment improved marginally to 49.8%, while the tertiary sector employed 62% of the urban workforce.<\/p>\n<p class=\"tag-border-left\">DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>India<\/strong><strong> is on track to become the world\u2019s third-largest consumer market by 2026 and <\/strong><strong>the third-largest economy by 2028<\/strong>, behind the US and China, <a target=\"_blank\" href=\"https:\/\/www.business-standard.com\/markets\/news\/india-to-be-3rd-largest-economy-by-2028-equities-remain-pricey-ubs-125111100791_1.html\" style=\"\" rel=\"noopener\">Business Standard<\/a> reports, citing an analysis by Swiss investment bank UBS. The country could sustain potential real GDP growth of 6.5% y-o-y between FY 2028-30, driven by strong domestic demand and policy support. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>Nine<\/strong><strong> smaller emerging Indian cities are powering the country\u2019s next phase of <\/strong><strong>commercial and industrial growth<\/strong>, the <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/industry\/services\/property-\/-cstruction\/emerging-cities-join-metros-to-power-indias-next-phase-of-commercial-industrial-growth\/articleshow\/125217489.cms\" style=\"\" rel=\"noopener\">Economic Times<\/a> reports, citing a JLL India study. Chandigarh Tricity, Jaipur, Lucknow, Indore, Nagpur, Coimbatore, Kochi, Bhubaneswar, and Guwahati are among hubs driving expansion. Together, they generate nearly INR 10 tn (USD 120 bn) in economic output and house about 70 mn sq ft of Grade-A office space and 80 mn sq ft of logistics infrastructure. <\/p>\n<p><strong>Businesses expanding in these markets find their operational costs are 25-50% lower<\/strong> and have a 15% lower rate of staff attrition than in major urban centres. At the same time, local infrastructure is improving alongside connectivity. <\/p>\n<ul>\n<li>Southern hubs including Coimbatore and Kochi are gaining traction in <strong>manufacturing and IT<\/strong>. <\/li>\n<li>Jaipur, Lucknow, and Bhubaneswar are emerging as northern and eastern <strong>industrial centers<\/strong>.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#-3 <\/strong><strong>India\u2019s<\/strong><strong> merchandise trade deficit widened in September to a 13-month high of INR <\/strong><strong>2.68 tn (USD 32.1 <\/strong><strong>bn)<\/strong>, following a sharp rise in imports and weaker exports to the US after Washington imposed tariffs on Indian goods, <a target=\"_blank\" href=\"https:\/\/www.businessworld.in\/article\/india-s-trade-gap-hits-13-month-high-after-us-tariff-shock-579048\" style=\"\" rel=\"noopener\">BW Businessworld<\/a> reports. Imports rose to a record USD 68.5 bn, driven by higher gold inflows, while exports grew 6.8% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers: Shipments to the US fell nearly 12%<\/strong>, though exports to China, Bangladesh, and the UAE rose 11%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No one story dominated the front pages this morning<\/strong>, with headlines moving between AI bubble fears, a trouble-laden COP30 in Brazil, and the anticipated end to the US government shutdown.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SoftBank\u2019s shares plunged 10% in early trading despite strong quarterly results<\/strong>, after the Japanese giant sold its entire stake in US chipmaker Nvidia for USD 5.8 bn. The sale comes amid mounting fears of inflated capital investments in AI that are yet to produce certain returns. Nvidia\u2019s shares closed down 3% yesterday. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/11\/12\/softbank-shares-plunge-as-much-as-10percent-after-selling-nvidia-stake.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/media-telecom\/softbanks-58-billion-nvidia-stake-sale-stirs-fresh-ai-bubble-fears-2025-11-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5f04e0e2-7a9c-4885-92a3-9ed5242c7d38\" style=\"\" rel=\"noopener\">Financial Times<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- A controversial COP30 kicked off yesterday in Bel\u00e9m<\/strong>, known as the gateway to the Amazon. Brazil wants to draw the focus to rainforests, aiming to raise USD 125 bn for a global forest protection fund. However, a recent government approval of oil drilling at the mouth of the Amazon River, a severe lack of hotel rooms at the Brazilian city, and clashes with indigenous protestors who forced their way inside the venue have marred the summit with controversies and accusations of hypocrisy. (<a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/11\/11\/climate\/cop30-explainer-belem-brazil\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/cop\/protestors-force-their-way-into-cop30-venue-clash-with-security-2025-11-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- The US House of Representatives is returning on Tuesday<\/strong>, to vote on a funding measure that is set to end the longest government shutdown in history. The reopen would put issues of healthcare affordability front and center, as both parties stand to gain (and lose) ground with voters ahead of midterm elections next November. (<a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/11\/11\/politics\/government-shutdown-trump-rebate-checks-gop-health-care-analysis\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/us-house-returns-washington-vote-end-government-shutdown-2025-11-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/11\/11\/us\/politics\/democrats-shutdown.html\" style=\"\" rel=\"noopener\">New York Times<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/lenskart\/\">Lenskart<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84913\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"84913\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adia-backed-lenskart-ipo-opens-weak-despite-blockbuster-demand\/\">\r\n                            Adia-backed Lenskart lists below issue price as IPO euphoria fades                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adia-backed-lenskart-ipo-opens-weak-despite-blockbuster-demand\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adia-backed-lenskart-ipo-opens-weak-despite-blockbuster-demand\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adia-backed-lenskart-ipo-opens-weak-despite-blockbuster-demand\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Adia-backed Lenskart IPO opens weak despite blockbuster demand&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adia-backed-lenskart-ipo-opens-weak-despite-blockbuster-demand\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adia-backed-lenskart-ipo-opens-weak-despite-blockbuster-demand\/&title=Adia-backed Lenskart IPO opens weak despite blockbuster demand\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Adia-backed+Lenskart+IPO+opens+weak+despite+blockbuster+demand+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2025%2F11%2F12%2Fadia-backed-lenskart-ipo-opens-weak-despite-blockbuster-demand%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adia-backed-lenskart-ipo-opens-weak-despite-blockbuster-demand\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/691.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84914\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adia-backed-lenskart-ipo-opens-weak-despite-blockbuster-demand\/691-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/691.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"691.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/691.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/691.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84913\" class=\"content-area-description single-story post-84913 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-enterpriseam-india tag-ipo-watch tag-lenskart wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.de32e8aa-7e9d-49bc-8668-479281316595.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>All eyes<\/strong><strong> on Lenskart\u2019s muted listing:<\/strong> Adia-backed Indian eyewear retailer <a target=\"_blank\" href=\"https:\/\/www.lenskart.com\/?utm_source=google&utm_medium=cpc&utm_campaign=112_in_bau_google_sale_brand_search_lkhome_troas_150119&utm_content=lenskart_exact&gad_source=1&gad_campaignid=1677912364&gbraid=0AAAAADuGjA5Uv-if3DgtV9Ov_FDy0Y34O&gclid=CjwKCAiAlMHIBhAcEiwAZhZBUuZQrsTc7M9Zz7oYrtn3NolEdgTaBI9sLLa7droWjyIxvY1vs-3RShoCBgwQAvD_BwE\" style=\"\" rel=\"noopener\">Lenskart Solutions<\/a> made a muted debut on the BSE and NSE this past Monday, ending the day up 0.3% from its issue price of INR 402 after a day of choppy trading before going on to gain 2.6% by yesterday\u2019s close. The INR 72.8 bn (USD 821 mn) listing is one of the nation\u2019s largest so far this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What gives? <\/strong>Pundits like the company\u2019s business model and fundamentals, but think investment bankers priced the offering too high. The offering was sharply oversubscribed, with investors placing bids for USD 13 bn worth of shares. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lukewarm start: <\/strong>The listing valued Lenskart at USD 7.69 bn. The IPO included a fresh issue of USD 240 mn (30% of the offering) while 70% of the issuance was a secondary sale. Shareholders heading into the offering included Abu Dhabi Investment Authority (which <a target=\"_blank\" href=\"https:\/\/www.livemint.com\/companies\/news\/abu-dhabi-investment-authority-pumps-in-500-mn-in-lenskart-for-10-stake-11678961785711.html\" style=\"\" rel=\"noopener\">acquired<\/a> a 10% stake in 2023 for USD 500 mn), <a target=\"_blank\" href=\"https:\/\/www.softbank.jp\/en\/\/\" style=\"\" rel=\"noopener\">SoftBank<\/a>, <a target=\"_blank\" href=\"https:\/\/www.kkr.com\/\" style=\"\" rel=\"noopener\">KKR<\/a>, and <a target=\"_blank\" href=\"https:\/\/in.premjiinvest.com\/\" style=\"\" rel=\"noopener\">Premji Invest<\/a>, among others.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Blurry market vision: <\/strong>Despite clocking USD 33 mn in income and a 23% y-o-y revenue jump to USD 760 mn in FY 2025, the company\u2019s valuation remains stretched, analysts told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/indian-eyewear-retailer-lenskart-lists-174-discount-issue-price-subdued-debut-2025-11-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. Ambit Capital last week issued a sell rating for Lenskart, flagging valuation concerns, as it is at roughly 55x two-year forward operating income, which is about 20-30% higher than its peers <a target=\"_blank\" href=\"https:\/\/trentlimited.com\/\" style=\"\" rel=\"noopener\">Trent<\/a> and <a target=\"_blank\" href=\"https:\/\/www.nykaa.com\/sp\/singles-day\/singles-day?&utm_content=ads&utm_source=GooglePaid&utm_medium=search&utm_campaign=Search_Nykaa&gad_source=1&gad_campaignid=167670554&gbraid=0AAAAADo9oc9a-wQ8_yPIvXvYszV1qMycO&gclid=CjwKCAiAt8bIBhBpEiwAzH1w6S1b0HTGw-6hzrBX4fdGnUWXvOVBP3b5B10t0dCAreo5xa_PB3IuoRoCpnQQAvD_BwE\" style=\"\" rel=\"noopener\">Nykaa<\/a>, per the <a target=\"_blank\" href=\"https:\/\/www.thehindubusinessline.com\/markets\/stock-markets\/ambit-initiates-coverage-on-lenskart-with-sell-rating-cites-valuation-concerns\/article70251455.ece\" style=\"\" rel=\"noopener\">Hindu Businessline<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Directing the narrative away from questions about valuation at the ringing of the bell<\/strong>, CEO Peyush Bansal said Lenskart was built to give India eyesight and \u201cnot to build a valuation,\u201d <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/tech\/technology\/lenskart-ipo-ceo-peyush-bansal-says-it-was-never-about-valuation\/articleshow\/125214885.cms\" style=\"\" rel=\"noopener\">The Economic Times<\/a> reports. Amid a social media backlash over the pricing of the offering, he said the firm has been profitable for years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>USE OF PROCEEDS- <\/strong>Lenskart will use the fresh capital to expand its retail network, upgrade technology, and pursue acquisitions, among other purposes. <\/p>\n<p><strong>Advisors: <\/strong>The book running and lead managers for the listing were Kotak Mahindra Capital Company, Morgan Stanley India Company, Avendus Capital, Citigroup Global Markets India, Axis Capital, and Intensive Fiscal Services. Cyril Amarchand Mangaldas and Trilegal provided counsel on matters of domestic law while Sidley Austin provided international counsel. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/lenskart\/\">Lenskart<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84915\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"84915\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adia-is-backing-solar-outfit-emmvees-usd-327-mn-ipo\/\">\r\n                            Adia is backing solar outfit Emmvee\u2019s USD 327 mn IPO                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adia-is-backing-solar-outfit-emmvees-usd-327-mn-ipo\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adia-is-backing-solar-outfit-emmvees-usd-327-mn-ipo\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adia-is-backing-solar-outfit-emmvees-usd-327-mn-ipo\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Adia is backing solar outfit Emmvee\u2019s USD 327 mn IPO&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adia-is-backing-solar-outfit-emmvees-usd-327-mn-ipo\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adia-is-backing-solar-outfit-emmvees-usd-327-mn-ipo\/&title=Adia is backing solar outfit Emmvee\u2019s USD 327 mn IPO\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Adia+is+backing+solar+outfit+Emmvee%E2%80%99s+USD+327+mn+IPO+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2025%2F11%2F12%2Fadia-is-backing-solar-outfit-emmvees-usd-327-mn-ipo%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adia-is-backing-solar-outfit-emmvees-usd-327-mn-ipo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84915\" class=\"content-area-description single-story post-84915 post type-post status-publish format-standard hentry category-ipo-watch tag-adia tag-emmvee-photovoltaic tag-enterpriseam-india tag-ipo-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.01ee4724-e3bc-4071-9300-9cebe5846110.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Speaking of Adia\u2026 The UAE investor was among several anchoring Bengaluru-based <\/strong><strong>solar<\/strong><strong> manufacturer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/emmvee.com\/\" style=\"\" rel=\"noopener\">Emmvee Photovoltaic Power<\/a><\/strong><strong>\u2019s <\/strong><strong>INR 29 bn<\/strong><strong> (USD 327 mn) IPO<\/strong>, the subscription period for which opened on Tuesday, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/837.pdf\" style=\"\" rel=\"noopener\">regulatory filing (pdf).<\/a> The sovereign wealth fund snapped up a 5.75% stake for INR 750 mn (USD 31.1 mn).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adia<\/strong><strong> as marquee investor: <\/strong>Emmvee raised some USD 155 mn from 55 anchor investors, including Adia, Morgan Stanley, Goldman Sachs, BNP Paribas Funds, Citigroup, and Nomura Singapore. Domestic mutual funds took nearly half of the position. Analysts like Emmvee\u2019s visibility in India\u2019s solar manufacturing cycle, backed by its 5.4 GW order book, and forecast strong profitability tailwinds as debt is pared down.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s on the table? <\/strong>The IPO includes new shares with INR 214.3 bn (USD 2.4 bn) while existing investors are selling shares worth a combined INR 75.6 bn (USD 860 mn). Up to 75% of the offer was earmarked for qualified institutional buyers, not more than 10% for retail investors and up to 15% for non-institutional investors. <\/p>\n<p><strong>ADVISORS- <\/strong>Lead managers and bookrunners for the offering are <a target=\"_blank\" href=\"https:\/\/www.jmfl.com\/\" style=\"\" rel=\"noopener\">JM Financial<\/a>, <a target=\"_blank\" href=\"https:\/\/www.jmfl.com\/who-we-are\/about-us\" style=\"\" rel=\"noopener\">IIFL Capital<\/a><a target=\"_blank\" href=\"https:\/\/www.jmfl.com\/who-we-are\/about-us\" style=\"\" rel=\"noopener\">Services,<\/a><a target=\"_blank\" href=\"https:\/\/www.jefferies.com\/regulatory-disclosures\/jefferies-india-private-limited\/\" style=\"\" rel=\"noopener\">Jefferies India<\/a>, and <a target=\"_blank\" href=\"https:\/\/investmentbank.kotak.com\/\" style=\"\" rel=\"noopener\">Kotak Mahindra Capital<\/a>. <a target=\"_blank\" href=\"https:\/\/trilegal.com\/\" style=\"\" rel=\"noopener\">Trilegal<\/a> is providing counsel to the issuer on matters of Indian law. MSKC & Associates are auditors for Emmvee. <a target=\"_blank\" href=\"https:\/\/www.kfintech.com\/\" style=\"\" rel=\"noopener\">KFin Technologies<\/a> is registrar. Bankers to the Emmvee are Axis Bank and HDFC Bank. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nearly three-quarters of the proceeds <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/mena-india\/en\" style=\"\" rel=\"noopener\">are going into the company\u2019s coffers<\/a><\/strong><strong>.<\/strong> Proceeds will largely pay off debt and support expansion, including its new Bengaluru capacity. As of June this year, Emmvee operates 7.8 GW module and 2.9 GW cell capacity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adia\u2019s<\/strong><strong> India bet is no longer episodic, but strategic capital deployment at scale.<\/strong> It has moved well beyond passive foreign portfolio investments into concentrated ownership among category leaders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>India is effectively taking up <\/strong><strong>Adia\u2019s<\/strong><strong> most important <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0e9156a3-73dd-4321-9bf4-d048f8984ea6\/why-asia-is-the-next-frontier-for-gulf-sovereign-wealth-funds\" style=\"\" rel=\"noopener\">Emerging Markets allocations<\/a><\/strong><strong> in Asia. <\/strong>The sovereign fund is coming in at late growth stage or pre-IPO rounds, then doubling down again at listing, as seen across Lenskart, LG\u2019s India unit, and Groww, alongside multiple bank and manufacturing exposures. Here are some of the SWF\u2019s recent India investments:<\/p>\n<ul>\n<li>Adia bid as an anchor in the USD 754 mn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5dcdb48a-62be-45c5-a109-55b212e443d0\/%253cmark%253eadia%253c%2Fmark%253e-backs-the-ipo-of-indian-digital-stockbroker-groww\" style=\"\" rel=\"noopener\">IPO of Billionbrains Garage Ventures<\/a>, parent of the Indian stockbroking platform Groww, with allocated shares worth USD 15.9 mn in November.<\/li>\n<li>In January this year, Adia invested USD 750 mn in the <a target=\"_blank\" rel=\"noopener\">debt of infrastructure firm GMR Group<\/a>, marking a foothold in one of the world's fastest-growing aviation markets.<\/li>\n<li>In April this year, Adia subsidiary Platinum Invictus bought a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b6b93251-1b80-4acc-b16a-b1fea8182a07\/%253cmark%253eadia%253c%2Fmark%253e-picks-up-5%2525-of-india%25e2%2580%2599s-idfc-first\" style=\"\" rel=\"noopener\">5.1% stake worth some USD 310 mn<\/a> in Mumbai-based IDFC First Bank.<\/li>\n<li>Adia participated in the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9ff069bf-285d-441e-b1b9-525f7fd92dbd\/this-morning:-adnoc-submits-concessions-to-secure-covestro-acquisition-%2B%253cmark%253e-adia%253c%2Fmark%253e-locks-in-shares-in%253cmark%253e-lg%253c%2Fmark%253e-india%25e2%2580%2599s-ipo\" style=\"\" rel=\"noopener\">USD 38.7 mn pre-IPO funding round<\/a> for HDB Financial Services alongside other global institutions in June.<\/li>\n<li>It was one of the buyers of a 3.45% stake in RBL Bank recently sold by <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/87ad6007-538d-4ae2-8d3c-5b103c949937\/adia-buys-into-india-based%253cmark%253e-rbl%253c%2Fmark%253e-bank,-ahead-of%253cmark%253e-emirates%253c%2Fmark%253e-nbd%25e2%2580%2599s-open-offer-for-the-indian-bank%25e2%2580%2599s-public-share-%2B-sells-stake-in-singapore%25e2%2580%2599s-plq-mall\" style=\"\" rel=\"noopener\">Mahindra & Mahindra<\/a>, after Emirates NBD acquired a stake in the Indian lender.<\/li>\n<li>Purchased shares worth USD 11.5 mn in South Korean appliance major LG Electronics\u2019 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9ff069bf-285d-441e-b1b9-525f7fd92dbd\/this-morning:-adnoc-submits-concessions-to-secure-covestro-acquisition-%2B%253cmark%253e-adia%253c%2Fmark%253e-locks-in-shares-in%253cmark%253e-lg%253c%2Fmark%253e-india%25e2%2580%2599s-ipo\" style=\"\" rel=\"noopener\">USD 1.3 bn IPO of its India unit<\/a> just last month.<\/li>\n<li>The fund invested USD 12 mn in Indian EV maker <a target=\"_blank\" href=\"https:\/\/www.agbi.com\/finance\/2025\/04\/adia-invests-in-ipo-of-indias-ather-energy\/\" style=\"\" rel=\"noopener\">Ather Energy\u2019s<\/a> pre-IPO funding round in April 2025.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/adia\/\">Adia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/emmvee-photovoltaic\/\">Emmvee Photovoltaic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84916\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"84916\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/top-business-association-pitches-creation-of-a-new-sovereign-wealth-fund\/\">\r\n                            CII, India\u2019s top business association, is pushing for the creation of a new Indian sovereign wealth fund                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/top-business-association-pitches-creation-of-a-new-sovereign-wealth-fund\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/top-business-association-pitches-creation-of-a-new-sovereign-wealth-fund\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/top-business-association-pitches-creation-of-a-new-sovereign-wealth-fund\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Top business association pitches creation of a new sovereign wealth fund&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/top-business-association-pitches-creation-of-a-new-sovereign-wealth-fund\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/top-business-association-pitches-creation-of-a-new-sovereign-wealth-fund\/&title=Top business association pitches creation of a new sovereign wealth fund\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Top+business+association+pitches+creation+of+a+new+sovereign+wealth+fund+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2025%2F11%2F12%2Ftop-business-association-pitches-creation-of-a-new-sovereign-wealth-fund%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/top-business-association-pitches-creation-of-a-new-sovereign-wealth-fund\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84916\" class=\"content-area-description single-story post-84916 post type-post status-publish format-standard hentry category-investment-watch tag-confederation-of-indian-industry tag-enterpriseam-india tag-investment-watch tag-national-investment-and-infrastructure-fund tag-sovereign-wealth-fund wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.bfcb9723-6b91-4f8f-934c-e5703206af9d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Sovereign wealth shakeup? <\/strong>India\u2019s leading business association, the Confederation of Indian Industry (CII), is proposing the setup of a new sovereign fund that would subsume the existing state-backed National Investment and Infrastructure Fund (NIIF). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pitch: <\/strong>The CII is proposing the establishment of an India Development and Strategic Fund (IDSF) that would have a wide mandate to invest at home while also pursuing international opportunities, <a target=\"_blank\" href=\"https:\/\/www.thehindubusinessline.com\/companies\/cii-proposes-india-development-and-strategic-fund-to-finance-long-term-growth\/article70259284.ece\" style=\"\" rel=\"noopener\">Hindu Businessline<\/a>. The NIIF, which is 49% state-owned with domestic and international investors holding 51%, would slot in under the new fund if the CII\u2019s plan gets traction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wait, how\u2019s this different from the NIFF? <\/strong>The existing fund has a pretty tight focus on domestic infrastructure projects. Launched in 2015, it has AUM of about USD 4.9 bn. Unlike Gulf-based sovereign wealth funds, the NIIF doesn\u2019t manage excess liquidity, have a mandate to allocate to public equities alongside private equity, or invest abroad. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CII is thinking big: <\/strong>The lobby group thinks the fund could mobilize up to INR 216 tn (USD 2.6 tn) by 2047 through a mix of budgetary support, asset monetization, and the transfer of government takes in some state-owned companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The CII\u2019s proposal comes as the Modi government is <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/business\/govt-mulls-50-billion-sovereign-wealth-fund-4015671\/\" style=\"\" rel=\"noopener\">reportedly mulling<\/a> the setup of a \u201cBharat Sovereign Wealth Fund\u201d with an early AUM target of USD 50 bn and a mandate to invest across strategic sectors at home and abroad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The CII is pitching a fund with two arms: <\/strong>one acting like a quasi development-finance institution and other pursuing strategic investments. <\/p>\n<ul>\n<li><strong>The development arm would effectively be an expanded NIIF<\/strong>, investing in infrastructure, clean energy, logistics, industrial corridors, healthcare, education, urban development, and small businesses. <\/li>\n<li>The strategic arm would pursue opportunities in sectors including energy, minerals, and technology. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Governance framework: <\/strong>CII has recommended that the government enact an India Development and Strategic Fund law to outline the fund\u2019s structure, capital sources, and governance. The fund would remain majority-owned by the government of India but managed by an independent professional board comprising senior officials and investment experts. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/confederation-of-indian-industry\/\">Confederation of Indian Industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/national-investment-and-infrastructure-fund\/\">National Investment and Infrastructure Fund<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/sovereign-wealth-fund\/\">sovereign wealth fund<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84917\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"84917\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/advent-in-talks-to-buy-whirlpools-india-stake-for-usd-1-bn\/\">\r\n                            Whirlpool to sell 31% India unit stake to Advent International                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/advent-in-talks-to-buy-whirlpools-india-stake-for-usd-1-bn\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/advent-in-talks-to-buy-whirlpools-india-stake-for-usd-1-bn\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/advent-in-talks-to-buy-whirlpools-india-stake-for-usd-1-bn\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Advent in talks to buy Whirlpool\u2019s India stake for USD 1 bn&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/advent-in-talks-to-buy-whirlpools-india-stake-for-usd-1-bn\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/advent-in-talks-to-buy-whirlpools-india-stake-for-usd-1-bn\/&title=Advent in talks to buy Whirlpool\u2019s India stake for USD 1 bn\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Advent+in+talks+to+buy+Whirlpool%E2%80%99s+India+stake+for+USD+1+bn+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2025%2F11%2F12%2Fadvent-in-talks-to-buy-whirlpools-india-stake-for-usd-1-bn%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/advent-in-talks-to-buy-whirlpools-india-stake-for-usd-1-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/683.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84918\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/advent-in-talks-to-buy-whirlpools-india-stake-for-usd-1-bn\/683-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/683.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"683.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/683.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/683.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84917\" class=\"content-area-description single-story post-84917 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-enterpriseam-india tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.a8c270b8-badc-478d-8646-a69aa6e24a1c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US<\/strong><strong>-based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.whirlpoolcorp.com\/\" style=\"\" rel=\"noopener\">Whirlpool Corporation<\/a><\/strong><strong> is in the closing stage to sell its 31% stake <\/strong><strong>in India-listed subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.whirlpoolindia.com\/?srsltid=AfmBOop-JuvNTqZ5d_HjK11pgE7UiAxUktmCZ3bbhTd4eeoW6hbDkMbH\" style=\"\" rel=\"noopener\">Whirlpool of India<\/a><\/strong><strong> to private equity firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adventinternational.com\/\" style=\"\" rel=\"noopener\">Advent International<\/a><\/strong>, <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/industry\/cons-products\/durables\/advent-poised-for-likely-1-billion-deal-to-buy-whirlpool-indias-31-stake\/articleshow\/125206516.cms\" style=\"\" rel=\"noopener\">The Economic Times<\/a> reports. The stake is valued at around INR 96.83 bn (USD 1 bn).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Deal structure: <\/strong>The proposed stake sale by the US parent, through its subsidiary Whirlpool Mauritius, would trigger a mandatory open offer for an additional 26%. This could lift Advent\u2019s total holding to around 57%, giving it majority control, while Whirlpool Corporation\u2019s stake would fall to below 25%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timeline: <\/strong>Advent has secured exclusivity with Whirlpool Corporation until late November, with an announcement expected in December and deal completion targeted in the first half of 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strategic rationale: <\/strong>Whirlpool Corporation is streamlining global operations to focus on high-margin product categories and debt reduction after reporting a USD 1.5 bn loss in 2022. It had previously sold a 24.7% stake in its India arm for INR 40.39 bn (USD 468 mn) in February 2024 as part of its restructuring.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Whirlpool\u2019s name and technologies aren\u2019t leaving India:<\/strong> Ahead of the planned sale, Whirlpool and its India subsidiary signed a series of long-term agreements \u2014 including a 30-year brand license with Whirlpool properties, a 10-year technology license with Whirlpool Corporation, and a transitional services agreement with Whirlpool Corporation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The acquisition would mark Advent\u2019s third major investment in India\u2019s consumer <\/strong><strong>durables sector.<\/strong> Growing investor confidence in India\u2019s appliances and white-goods market reflects its projected expansion from about INR 1.86 tn (USD 22 bn) in 2025 to INR 2.52 tn (USD 29 bn) by 2030, according to <a target=\"_blank\" href=\"https:\/\/www.ibef.org\/industry\/ecommerce-presentation\" style=\"\" rel=\"noopener\">IBEF<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More <\/strong><strong>Gulf capital is flowing into India\u2019s manufacturing and consumer sectors<\/strong> as GCC economies strengthen trade and investment links with New Delhi. The Abu Dhabi Investment Authority recently joined anchor investors in LG Electronics India\u2019s 34.7 bn (USD 425 mn) IPO, highlighting growing sovereign wealth participation in India\u2019s consumer market, the <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/markets\/ipos\/fpos\/lg-electronics-ipo-raises-rs-3475-crore-from-anchor-investors-adia-goldman-sachs-among-buyers\/articleshow\/124344839.cms\" style=\"\" rel=\"noopener\">Economic Times<\/a> reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS:<\/strong> Goldman Sachs is advising on the transaction.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84919\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"84919\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/ce-invests-to-spend-aed-1-bn-across-the-gcc-india-and-southeast-asia\/\">\r\n                            CE-Invests to spend AED 1 bn across the GCC, India, and Southeast Asia                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/ce-invests-to-spend-aed-1-bn-across-the-gcc-india-and-southeast-asia\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/ce-invests-to-spend-aed-1-bn-across-the-gcc-india-and-southeast-asia\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/ce-invests-to-spend-aed-1-bn-across-the-gcc-india-and-southeast-asia\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=CE-Invests to spend AED 1 bn across the GCC, India, and Southeast Asia&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/ce-invests-to-spend-aed-1-bn-across-the-gcc-india-and-southeast-asia\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/ce-invests-to-spend-aed-1-bn-across-the-gcc-india-and-southeast-asia\/&title=CE-Invests to spend AED 1 bn across the GCC, India, and Southeast Asia\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=CE-Invests+to+spend+AED+1+bn+across+the+GCC%2C+India%2C+and+Southeast+Asia+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2025%2F11%2F12%2Fce-invests-to-spend-aed-1-bn-across-the-gcc-india-and-southeast-asia%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/ce-invests-to-spend-aed-1-bn-across-the-gcc-india-and-southeast-asia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1113.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84920\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/ce-invests-to-spend-aed-1-bn-across-the-gcc-india-and-southeast-asia\/1113-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1113.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1113.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1113.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1113.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84919\" class=\"content-area-description single-story post-84919 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-crescent-enterprises tag-enterpriseam-india tag-investment tag-investment-watch tag-saudi-arabia tag-uae-india-relations wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.50c2c0c6-e288-4d4b-a44b-89c008ff9f5d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>CE-Invests<\/strong><strong> to deploy AED 1 bn across GCC, India, and Southeast Asia:<\/strong> Crescent Enterprises\u2019 strategic investments platform CE-Invests plans to invest AED 1 bn over the next three years across India, Southeast Asia, and the GCC, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/crescent-enterprises-to-deploy-aed-1bln-across-india-southeast-asia-and-the-gcc-wyvhz3mz\" style=\"\" rel=\"noopener\">press release<\/a>. The plan, which includes both direct investments and fund allocations, targets four key sectors: consumer, healthcare, financial services, and manufacturing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The investment outfit is looking to acquire \u201csignificant\u201d minority stakes<\/strong> and will write AED 75-200 mn tickets, the statement added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why those markets?<\/strong> \u201cLarge, youthful populations with rising incomes and investor\u2011friendly policies make our target markets ideal for scaling businesses and compounding returns,\u201d Senior VP at CE\u2011Invests Ghada Abdelkader said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ef26c734-40b4-40d9-a761-8da1901002d3\/my-morning-routine:-ghada-abdelkader,-senior-vp-at-crescent-enterprises\" style=\"\" rel=\"noopener\">recently spoke with Abdelkader<\/a><\/strong><strong> about the company\u2019s investment strategy<\/strong> and the firm\u2019s interest in acquiring minority stakes of mid-market companies that require capital to scale. The investment firm recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/561b7661-3fee-4833-978d-db4c1400e009\/ce-invests-backs-flipspaces%25e2%2580%2599s-usd-50-mn-series-c-funding-round\" style=\"\" rel=\"noopener\">participated<\/a> in Indian interior design and build firm Flipspaces\u2019 expanded series C funding round. The firm raised USD 50 mn, up from an initial USD 35 mn, with Singapore\u2019s Panthera Growth Partners and Japan\u2019s SMBC Asia Rising Fund also taking part.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/crescent-enterprises\/\">Crescent Enterprises<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/uae-india-relations\/\">UAE-India relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84921\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"84921\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adani-group-to-set-up-major-battery-storage-system-in-gujarat\/\">\r\n                            Adani Group to build battery-storage project in Gujarat by 2026                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adani-group-to-set-up-major-battery-storage-system-in-gujarat\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adani-group-to-set-up-major-battery-storage-system-in-gujarat\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adani-group-to-set-up-major-battery-storage-system-in-gujarat\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Adani Group to set up major battery-storage system in Gujarat&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adani-group-to-set-up-major-battery-storage-system-in-gujarat\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adani-group-to-set-up-major-battery-storage-system-in-gujarat\/&title=Adani Group to set up major battery-storage system in Gujarat\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Adani+Group+to+set+up+major+battery-storage+system+in+Gujarat+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2025%2F11%2F12%2Fadani-group-to-set-up-major-battery-storage-system-in-gujarat%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adani-group-to-set-up-major-battery-storage-system-in-gujarat\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2181.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84922\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/adani-group-to-set-up-major-battery-storage-system-in-gujarat\/2181-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2181.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2181.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2181.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2181.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84921\" class=\"content-area-description single-story post-84921 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-energy tag-enterpriseam-india wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.26385536-6744-48e9-adfc-8ade1f528616.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Indian<\/strong><strong> conglomerate <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adani.com\/\" style=\"\" rel=\"noopener\">Adani Group<\/a><\/strong><strong> plans to build a 1.1 GW battery energy <\/strong><strong>storage system (BESS) in the western state of Gujarat<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-11\/adani-plans-to-build-india-s-largest-battery-storage-system?srnd=phx-india-v2\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources it says are familiar with the matter. The large-scale project, slated for completion by March 2026, will be located at Khavda in Gujarat\u2019s Kutch district, where the group is developing a large renewable-energy complex.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Energy ambitions: <\/strong>The project is planned as one of the world\u2019s key single-location battery storage systems to support Adani\u2019s renewable-energy portfolio. The group aims to expand its total storage capacity to about 50 GWh within five years. Adani is also in discussions with several international firms for technological support, the news outlet reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Balancing the grid:<\/strong> India will need to quickly scale up its battery storage to meet its clean energy goal of 500 GW by 2030. India\u2019s energy-storage requirement is projected to reach about 82 GWh by 2027 and 411 GWh by 2032, according to the <a target=\"_blank\" href=\"https:\/\/mnre.gov.in\/en\/energy-storage-systemsess-overview\/?utm_source=chatgpt.com\" style=\"\" rel=\"noopener\">New and Renewable Energy Ministry<\/a>.<\/p>\n<p><strong>Gulf-investors have a keen interest in India\u2019s clean energy sector <\/strong>\u2014 Abu Dhabi\u2019s International Holding Company invested about USD 2 bn in Adani\u2019s green energy businesses in 2022, signalling deepening India-MENA capital ties in renewable infrastructure. It offloaded about INR 18.3 bn (USD 210 mn) worth of shares in Adani Enterprises in March, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/capital-markets\/equities\/abu-dhabi-based-ihc-offloads-210mln-stake-in-indias-adani-enterprises-ujq2s2jr\" style=\"\" rel=\"noopener\">Zawya<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ADANI RIGHTS ISSUE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rights<\/strong><strong> Issue to fund projects:<\/strong> The group\u2019s flagship <a target=\"_blank\" href=\"https:\/\/www.adanienterprises.com\/\" style=\"\" rel=\"noopener\">Adani Enterprises<\/a> aims to raise INR 249 bn (USD 2.8 bn) through a rights offering to current shareholders at a 24% discount to the recent closing price, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/843.pdf\" style=\"\" rel=\"noopener\">regulatory filing<\/a>. The firm will sell 138.5 mn shares priced at INR 1800 contrasting with the stock's closing price of 2366.8 at the closing bell on Tuesday. Proceeds from the rights issue will fund the company planned expansion of infra and green energy projects. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/energy\/\">ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84923\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"84923\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/nokia-ericsson-see-indias-5g-rollout-gaining-pace-in-2026\/\">\r\n                            Telecom majors forecast rebound in India\u2019s 5G investments by 2026                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/nokia-ericsson-see-indias-5g-rollout-gaining-pace-in-2026\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/nokia-ericsson-see-indias-5g-rollout-gaining-pace-in-2026\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/nokia-ericsson-see-indias-5g-rollout-gaining-pace-in-2026\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Nokia, Ericsson see India\u2019s 5G rollout gaining pace in 2026&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/nokia-ericsson-see-indias-5g-rollout-gaining-pace-in-2026\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/nokia-ericsson-see-indias-5g-rollout-gaining-pace-in-2026\/&title=Nokia, Ericsson see India\u2019s 5G rollout gaining pace in 2026\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Nokia%2C+Ericsson+see+India%E2%80%99s+5G+rollout+gaining+pace+in+2026+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2025%2F11%2F12%2Fnokia-ericsson-see-indias-5g-rollout-gaining-pace-in-2026%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/nokia-ericsson-see-indias-5g-rollout-gaining-pace-in-2026\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/710.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84924\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/nokia-ericsson-see-indias-5g-rollout-gaining-pace-in-2026\/710-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/710.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"710.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/710.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/710.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84923\" class=\"content-area-description single-story post-84923 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam-india tag-telecom wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.95391d70-7135-4c99-9bd5-4234030abe0b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>India\u2019s<\/strong><strong> 5G expansion is expected to gain momentum in 2026 as global network vendors <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nokia.com\/\" style=\"\" rel=\"noopener\">Nokia<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ericsson.com\/en\" style=\"\" rel=\"noopener\">Ericsson<\/a><\/strong><strong> anticipate a rebound in telecom investment<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.moneycontrol.com\/news\/business\/india-s-5g-expansion-to-pick-up-in-2026-nokia-ericsson-expect-strong-rebound-13662679.html\" style=\"\" rel=\"noopener\">Moneycontrol<\/a> reports. The next phase of growth will be driven by large-scale network capacity upgrades, rollouts in rural areas, and a push by operators to monetize 5G use cases as network utilization continues to rise. Nokia estimates that about 40% of potential 5G sites are yet to be deployed, offering ample room for expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market outlook: <\/strong>2026 will likely be a stronger year for network rollouts and monetization as more 5G sites become operational across the country, Nokia India head Tarun Chhabra told the news outlet. Telecom operators are expected to focus on standalone 5G and mid-band expansion to support both industrial and consumer applications, Ericsson India\u2019s head Andres Vicente noted. Rural connectivity and fixed-wireless access will be key drivers of the next phase of India\u2019s 5G growth, the news outlet reports, citing market analysts. <\/p>\n<p class=\"tag-border-left\">INVESTMENTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Andhra<\/strong><strong> Pradesh will sign 410 MoUs worth INR 9.8 tn (USD 111.5 bn) at the Vizag <\/strong><strong>partnership summit this week<\/strong>, and will ground each project within a year, state IT Minister Nara Lokesh told <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/news\/india\/andhra-pradesh-to-ink-410-mous-worth-rs-9-8-lakh-crore-begin-work-in-a-year\/articleshow\/125206390.cms\" style=\"\" rel=\"noopener\">Economic Times<\/a>. The southern Indian state is positioning the summit as the \u201cDavos of India,\u201d targeting full investment inflows within three to seven years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Capital magnet:<\/strong> Andhra has already secured USD 120 bn in firm commitments \u2014 including USD 15 bn for Google\u2019s Vizag data center cluster \u2014 and wants to scale up to USD 1 tn, according to Lokesh. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PHARMA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yet<\/strong><strong> another investment win for Vizag: <\/strong>Hyderabad-based drug maker <a target=\"_blank\" href=\"https:\/\/www.lauruslabs.com\/\" style=\"\" rel=\"noopener\">Laurus Labs<\/a> will invest some USD 567 mn to build a large-scale pharma manufacturing complex in Vizag after securing 532 acres from the Andhra Pradesh state government, CEO Satyanarayana Chava told <a target=\"_blank\" href=\"http:\/\/thehindubusinessline.com\/companies\/laurus-labs-building-advanced-manufacturing-complex-in-visakhapatnam-with-5000-cr\/article70259703.ece\" style=\"\" rel=\"noopener\">The Hindu Businessline<\/a>. The company will deploy roughly USD 600 mn over eight years and could scale higher if required as project execution advances.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company is also fast-tracking major fermentation capacity in Vizag<\/strong> \u2014 shifting planned capacity from the southern regions of Mysore to Andhra Pradesh, citing stronger industrial infrastructure and ready waste treatment facilities in the port city.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/telecom\/\">Telecom<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84925\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"84925\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/buffett-signs-off-with-a-message-about-mistakes-legacy-and-the-golden-rule\/\">\r\n                            Buffett signs off with a message about mistakes, legacy, and the Golden Rule                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/buffett-signs-off-with-a-message-about-mistakes-legacy-and-the-golden-rule\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/buffett-signs-off-with-a-message-about-mistakes-legacy-and-the-golden-rule\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/buffett-signs-off-with-a-message-about-mistakes-legacy-and-the-golden-rule\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Buffett signs off with a message about mistakes, legacy, and the Golden Rule&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/buffett-signs-off-with-a-message-about-mistakes-legacy-and-the-golden-rule\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/buffett-signs-off-with-a-message-about-mistakes-legacy-and-the-golden-rule\/&title=Buffett signs off with a message about mistakes, legacy, and the Golden Rule\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Buffett+signs+off+with+a+message+about+mistakes%2C+legacy%2C+and+the+Golden+Rule+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2025%2F11%2F12%2Fbuffett-signs-off-with-a-message-about-mistakes-legacy-and-the-golden-rule%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/buffett-signs-off-with-a-message-about-mistakes-legacy-and-the-golden-rule\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2459.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84926\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/buffett-signs-off-with-a-message-about-mistakes-legacy-and-the-golden-rule\/2459-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2459.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2459.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2459.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2459.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84925\" class=\"content-area-description single-story post-84925 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-india tag-financial-markets tag-planet-finance tag-warren-buffett wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.699672fa-1031-47c9-aac6-f69c1c0109d1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> We\u2019re thinking this morning not about IPO pipelines, gigaprojects, <\/strong><strong>economic indicators, or interest rates, but about the stepping-down of an icon<\/strong> who has been a fixture of the global investing scene for more decades than 99.999% of EnterpriseAM readers have been alive.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Warren Buffett, the so-called Oracle of Omaha, has written his last annual report<\/strong>, saying in his customary Thanksgiving note that he won\u2019t hold the pen on Berkshire Hathaway\u2019s next annual report. (Buffett will step down at year\u2019s end, handing the reins to top lieutenant Greg Abel.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s the end of an era: Buffett\u2019s annual letters were required reading in global finance <\/strong>\u2014 so closely read by many in the global business community that they\u2019ve long been treated as market-event pillars. Fans praised Buffett\u2019s folksy, down-to-earth wisdom and the insights he offered on everything from value investing to the allocation of capital and long-term business thinking. The release of a Buffett letter was an \u201cevent\u201d for the global business press, which would invariably dissect his missives for witty insights on investment, management, and the state of the US (and global) economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Buffett\u2019s concluding message is about forgiveness, second chances, and making the <\/strong><strong>most of life. <\/strong>(Sure, he talks about Berkshire\u2019s transition to Abel and his personal philanthropic plans \u2014 but the meat for readers in our corner of the world? It\u2019s in the last couple of pages.) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The best quotes:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Forgive yourself \u2014 and learn from your damn mistakes: <\/strong>\u201cI\u2019m happy to say I feel better about the second half of my life than the first. My advice: Don\u2019t beat yourself up over past mistakes \u2014 learn at least a little from them and move on. It is never too late to improve.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Don\u2019t be a jerk: <\/strong>\u201cRemember Alfred Nobel, later of Nobel Prize fame, who \u2014 reportedly \u2014 read his own obituary that was mistakenly printed when his brother died and a newspaper got mixed up. He was horrified at what he read.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*Actively* decide how you want to live your life: <\/strong>Nobel, Buffett writes, \u201crealized he should change his behavior. Don\u2019t count on a newsroom mix-up: Decide what you would like your obituary to say and live the life to deserve it.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Clich\u00e9 as it may sound from one of the world\u2019s wealthiest men: It\u2019s not all about the <\/strong><strong>money. <\/strong>\u201cGreatness does not come about through accumulating great amounts of money, great amounts of publicity or great power in government. When you help someone in any of thousands of ways, you help the world. Kindness is costless but also priceless. Whether you are religious or not, it\u2019s hard to beat The Golden Rule as a guide to behavior. \u2026 Keep in mind that the cleaning lady is as much a human being as the Chairman.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/758.pdf\" style=\"\" rel=\"noopener\">Tap or click here to read Buffett\u2019s full letter (pdf).<\/a> <\/p>\n\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are in the green in early trading this morning<\/strong>, with the Hang Seng leading gains (up 1.3%) and the Kospi, Nikkei, and Shanghai Composite trailing behind. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,034<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +6.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,072<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1% (YTD: +17.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,880<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1% (YTD: +17.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.7% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.9% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,270<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: -6.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">40,261<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +35.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,847<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +16.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,900<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.2% (YTD: +21.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,726<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1% (YTD: +17.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 65.16<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.7%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4.53<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.9%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4,143<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 103,080<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.8% (YTD: +10.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Chimera JP Morgan UAE Bond UCITS ETF<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">AED 3.8<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +9.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P MENA Bond & Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">151.78<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +8.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">17.28<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.8% (YTD: -0.4%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE OPENING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The S&P BSE Sensex opened 418 points higher this morning <\/strong>at 84,289 \u2014 marking a 0.5% gain in the early trading session. The index is up 7.4% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the NIFTY 50, the index gained 127 points to 25,882<\/strong>, also gaining 0.5%. The index is up 8.7% YTD. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/warren-buffett\/\">Warren Buffett<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84927\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"84927\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">NATIONAL SECURITY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/new-delhi-blast-kills-12-triggers-outrage-from-modi\/\">\r\n                            New Delhi blast kills 12, triggers outrage from Modi                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/new-delhi-blast-kills-12-triggers-outrage-from-modi\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/new-delhi-blast-kills-12-triggers-outrage-from-modi\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/new-delhi-blast-kills-12-triggers-outrage-from-modi\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=New Delhi blast kills 12, triggers outrage from Modi&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/new-delhi-blast-kills-12-triggers-outrage-from-modi\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/new-delhi-blast-kills-12-triggers-outrage-from-modi\/&title=New Delhi blast kills 12, triggers outrage from Modi\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=New+Delhi+blast+kills+12%2C+triggers+outrage+from+Modi+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2025%2F11%2F12%2Fnew-delhi-blast-kills-12-triggers-outrage-from-modi%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/new-delhi-blast-kills-12-triggers-outrage-from-modi\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/846.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84928\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/new-delhi-blast-kills-12-triggers-outrage-from-modi\/846-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/846.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"846.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/846.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/846.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84927\" class=\"content-area-description single-story post-84927 post type-post status-publish format-standard has-post-thumbnail hentry category-national-security tag-enterpriseam-india tag-national-security tag-security wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.8f386fa0-b508-4c90-8adb-929ff1de31ad.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Prime Minister Narendra Modi said on Tuesday that security investigators <\/strong><strong>will \u201cget to the bottom of this conspiracy\u201d behind a Delhi car explosion<\/strong> that killed at least 12 people and injured 20, <a target=\"_blank\" href=\"https:\/\/www.business-standard.com\/india-news\/pm-narendra-modi-delhi-red-fort-blast-conspiracy-bhutan-visit-125111100761_1.html\" style=\"\" rel=\"noopener\">Business Standard<\/a> reports. The blast, which occurred near the historic Red Fort monument in the national capital on Monday evening, is being investigated under counter-terrorism laws. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Security response: <\/strong>The PM, currently on an official visit to Bhutan, said he has been in constant touch with officials since the incident and added that those found responsible \u201cwill not be spared.\u201d Home Minister Amit Shah later chaired a high-level meeting with top national security bodies to review the security situation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>High alert:<\/strong> Security has been tightened across major cities, religious sites, and transport hubs, with district police ordered to step up night patrols and vehicle checks, <a target=\"_blank\" href=\"https:\/\/www.thehindubusinessline.com\/news\/high-alert-sounded-across-poll-bound-bihar-following-explosion-in-delhi-dgp\/article70264103.ece\" style=\"\" rel=\"noopener\">Hindu Businessline<\/a> reports. No group has claimed responsibility for the blast and forensic teams are continuing site inspections today. All major embassies in New Delhi have issued security alerts to their nationals in India. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/national-security\/\">NATIONAL SECURITY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/security\/\">security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84929\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"84929\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/india-saudi-arabia-ink-cultural-mou-indias-haj-quota-confirmed-for-2026\/\">\r\n                            New Delhi bolsters cultural diplomacy with Saudi Arabia; bilateral Haj pact sealed                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/india-saudi-arabia-ink-cultural-mou-indias-haj-quota-confirmed-for-2026\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/india-saudi-arabia-ink-cultural-mou-indias-haj-quota-confirmed-for-2026\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/india-saudi-arabia-ink-cultural-mou-indias-haj-quota-confirmed-for-2026\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=India, Saudi Arabia ink cultural MoU; India\u2019s Haj quota confirmed for 2026&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/india-saudi-arabia-ink-cultural-mou-indias-haj-quota-confirmed-for-2026\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/india-saudi-arabia-ink-cultural-mou-indias-haj-quota-confirmed-for-2026\/&title=India, Saudi Arabia ink cultural MoU; India\u2019s Haj quota confirmed for 2026\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=India%2C+Saudi+Arabia+ink+cultural+MoU%3B+India%E2%80%99s+Haj+quota+confirmed+for+2026+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2025%2F11%2F12%2Findia-saudi-arabia-ink-cultural-mou-indias-haj-quota-confirmed-for-2026%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/india-saudi-arabia-ink-cultural-mou-indias-haj-quota-confirmed-for-2026\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/678.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84930\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/india-saudi-arabia-ink-cultural-mou-indias-haj-quota-confirmed-for-2026\/678-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/678.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"678.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/678.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/678.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84929\" class=\"content-area-description single-story post-84929 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-culture-ministry tag-diplomacy tag-enterpriseam-india wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.db96bb61-dfba-4ac7-969e-e030f7c83b43.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I<\/strong><strong>ndia<\/strong><strong> and Saudi Arabia inked an MoU on cultural cooperation in Riyadh<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.pib.gov.in\/PressReleaseIframePage.aspx?PRID=2188194\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement spans heritage, museums, film, music, theater, design, fashion, culinary arts, and publishing \u2014 giving the two sides an avenue for sharing regulatory knowledge as well as co-producing and co-creating across cultural value chains.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Going beyond traditional sectors<\/strong>, the two nations agreed to expand institutional partnerships, exchange expertise on heritage preservation, and increase participation in cultural festivals. The two sides also inked the bilateral Haj Agreement for 2026, confirming the country quota at 175k for Indian pilgrims, as per a separate <a target=\"_blank\" href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2188075\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">INDIA + RUSSIA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A<\/strong><strong> 20-member Indian trade delegation led by the Federation of Indian Export <\/strong><strong>Organizations (FIEO) begins a four-day visit to Moscow today <\/strong>to explore new markets as US tariffs squeeze exports, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/india-trade-delegation-visit-moscow-us-tariffs-hit-exports-2025-11-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The team represents India\u2019s engineering sector, which accounts for nearly one-fifth of total merchandise exports, and will hold meetings with Russian buyers in an initiative backed by the Indian Embassy and Commerce Ministry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Following the US tariffs, exports of engineering goods to the US fell 9.4% y-o-y to INR 117 <\/strong><strong>bn (USD 1.4 bn) in September<\/strong>, while India's exports to Russia rose 14.6% to INR 409 bn (USD 4.9 bn) in FY 2024-25.<\/p>\n<p><strong>Meanwhile\u2026 <\/strong>The Kremlin is preparing for Russian President Vladimir Putin\u2019s visit to India in December, his first since December 2021, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/kremlin-says-active-preparations-underway-putin-visit-india-2025-11-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The two leaders are expected to sign a labor mobility agreement during the summit next month, according to <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/nri\/work\/russia-eyes-indian-workers-deal-likely-during-putins-trip\/articleshow\/125207839.cms\" style=\"\" rel=\"noopener\">The Economic Times<\/a> reports. The agreement aims to increase the flow of Indian workers to Russia while protecting their rights.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Workforce plan: <\/strong>The number of Indian workers employed in Russia is expected to surge to 70k by the end of 2025 under a quota fixed by the Russian Labor Ministry, the news outlet said. Indian workers are currently engaged in the construction and textile sectors, with new demand emerging in machinery and electronics. Russia is looking towards India to supply workers amid a labor shortage in the country.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/culture-ministry\/\">Culture Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84931\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/12\/84931-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84931\" class=\"content-area-description single-story post-84931 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13 November (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.indembassybern.gov.in\/newsImage\/1756380292_6481_3rd%20CII%20India%20Europe%20Business%20and%20Sustainability%20Conclave%20on%2013%20November.pdf\" style=\"\">3rd CII India Europe Business and Sustainability Conclave<\/a><\/span><span style=\"font-weight:400;\">, Vishakhapatnam, Andhra Pradesh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14 November (Friday): Counting of votes for <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.eci.gov.in\/eci-backend\/public\/api\/download?url=LMAhAK6sOPBp%2FNFF0iRfXbEB1EVSLT41NNLRjYNJJP1KivrUxbfqkDatmHy12e%2FzX%2FLARKC1lI3JwqUiIIk3e6jbGk1CRYxaGzABkOgdfk8DYQVtl8QBUpiBVKUEB0x1O4jyvJqQIR5ZMChqCiQwfQ%3D%3D\" style=\"\">Bihar Legislative Assembly Elections<\/a><\/span><span style=\"font-weight:400;\"> 2025.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-21 November (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bdli.de\/en\/dates\/dubai-airshow-2025#:~:text=Dubai%20Airshow%202025%20,one%20of%20the%20world%27s\" style=\"\">Dubai Airshow 2025<\/a><\/span><span style=\"font-weight:400;\">, Al Maktoum International Airport, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19 November (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/b2b.economictimes.indiatimes.com\/gcc-conclave-bengaluru#:~:text=Conclave%20b2b,2025%20at%20Sheraton%20Grand%20Bengaluru\" style=\"\">ET Global Capability Centers (GCC) Annual Conclave 2025<\/a><\/span><span style=\"font-weight:400;\">, Sheraton Grand Bengaluru, Bengaluru.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 November (Wednesday-Sunday), <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bengalurutechsummit.com\/\" style=\"\">Bengaluru Tech Summit<\/a><\/span><span style=\"font-weight:400;\"> 2025, Bangalore International Exhibition Centre (BIEC), Bengaluru.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-22 November (Friday-Saturday): Global Economic Summit & <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/apac01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fwww.wtcmumbai.org%2F&data=05%7C02%7C%7Cbda7459d9e304945ce3508de04abd9b8%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638953333312114999%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=qOiA%2FJTiA2LTtq9knLsYLcIOMoJUs2synZx3tWJqYzE%3D&reserved=0\" style=\"\">World Trade Expo 2025<\/a><\/span><span style=\"font-weight:400;\">, World Trade Center, Mumbai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-22 November (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bckic.in\/csr-conclave\/\" style=\"\">BCKIC CSR & Sustainability Conclave 2025<\/a><\/span><span style=\"font-weight:400;\">, Odisha State Convention Centre, Odisha. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22 November (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ficci.in\/event_details\/30042501578462\" style=\"\">Finance Conclave 2025<\/a><\/span><span style=\"font-weight:400;\">, The Park, Hyderabad.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22-23 November (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/g20.org\/\" style=\"\">G20 Summit 2025<\/a><\/span><span>, Johannesburg, South Africa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26 November (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/b2b.economictimes.indiatimes.com\/gcc-conclave-bengaluru?ag=events_listing&utm_source=events_listing&utm_medium=eventListing\" style=\"\">GCC Annual Conclave 2025<\/a><\/span><span style=\"font-weight:400;\">, Sheraton Whitefield, Bengaluru.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28 November (Friday): Launch of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.vogue.in\/content\/the-largest-m-f-husain-museum-set-to-open-in-qatar-is-inspired-by-the-artists-own-sketch\" style=\"\">Lawh Wa Qalam: M.F. Husain Museum<\/a><\/span><span style=\"font-weight:400;\"> in Education City, Doha.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-7 December (Wednesday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/engimach.com\/\" style=\"\">ENGIMACH Automation & Manufacturing Technology Expo<\/a><\/span><span style=\"font-weight:400;\">, Helipad Exhibition Centre (Gandhinagar), Gujarat.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11 December (Thursday), <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ficci.in\/event_details\/28032507259215\" style=\"\">FICCI Commercial Real Estate Conclave<\/a><\/span><span style=\"font-weight:400;\">, Taj MG Road, Bengaluru.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in December:<\/span><\/p>\n<ul>\n<li><span>Russian President Vladimir Putin\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.newsonair.gov.in\/president-putin-looks-forward-to-india-visit-praises-pm-modi-and-bilateral-ties\/\" style=\"\">India Visit<\/a><\/span><span style=\"font-weight:400;\"> (Details yet to be announced).<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JANUARY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2026:<\/span><\/p>\n<ul>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mea.gov.in\/bilateral-documents.htm?dtl%2F40169%2FBRICS_Joint_Media_Statement_September_26_2025\" style=\"\">18th BRICS Summit<\/a><\/span><span style=\"font-weight:400;\">, India (Details yet to be announced).<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-20 January (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tradeindia.com\/tradeshows\/145470\/international-crop-science-conference-exhibition-2026.html\" style=\"\">International Crop Science Conference and Exhibition 2026<\/a><\/span><span style=\"font-weight:400;\">, Le Meridien Conference Centre, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27-30 January (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/indiaenergyweek.com\/event\/2026\/_home\" style=\"\">India Energy Week 2026<\/a><\/span><span style=\"font-weight:400;\">, ONGC Advanced Training Institute, Goa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 January-1 February (Friday-Sunday):<\/span><span style=\"\"><a href=\"https:\/\/indiaagriexpo.com\/\" style=\"\"><\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/indiaagriexpo.com\/\" style=\"\">India Agri Expo 2026<\/a><\/span><span style=\"font-weight:400;\">, Ludhiana Exhibition Centre, Punjab.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">31 January (Saturday): Commencement of Budget Session 2026, Parliament of India, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FEBRUARY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1 February (Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dea.gov.in\/files\/announcements_documents\/Budget_Circular202627.pdf\" style=\"\">Union Budget 2026-27<\/a><\/span><span style=\"font-weight:400;\">, Parliament of India, New Delhi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-6 February (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.indembassydili.gov.in\/section\/upcoming-events\/52nd-year-of-chemtech-world-expo-2026-3rd-6th-february-2026-bombay-exhibition-centre-goregaon-mumbai-india\/\" style=\"\">ChemTECH World Expo 2026<\/a><\/span><span style=\"font-weight:400;\">, JIO World Convention Centre, Mumbai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-20 February (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/impact.indiaai.gov.in\/home\/\" style=\"\">India - AI Impact Summit<\/a><\/span><span style=\"font-weight:400;\"> 2026, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-20 February (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/impact.indiaai.gov.in\/\" style=\"\">India-AI Impact Summit<\/a><\/span><span style=\"font-weight:400;\">, Bharat Mandapam, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25 February (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wsds.teriin.org\/\" style=\"\">World Sustainable Development Summit<\/a><\/span><span style=\"font-weight:400;\">, Taj Palace, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12 March (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/b2b.economictimes.indiatimes.com\/entrepreneur-summit?ag=events_listing&utm_source=events_listing&utm_medium=eventListing\" style=\"\">ET Entrepreneur Summit & Awards 2026<\/a><\/span><span style=\"font-weight:400;\">, Bengaluru.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-25 March (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/indiasoft.org\/delegates-registration\/\" style=\"\">Indiasoft 2026: International IT Exhibition & Conference<\/a><\/span><span style=\"font-weight:400;\">, New Delhi<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23-25 March (Monday-Wednesday): 11th Smart Cities Expo, Bharat Mandapam, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-25 March (Monday-Wednesday):<\/span> <span style=\"text-decoration-skip-ink:none;font-size:11.5pt;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/plastiworld.org\/\" style=\"\">PLASTIWORLD India<\/a><\/span><span style=\"font-size:11.5pt\"> 2026, Jio World <\/span><span>Convention<\/span><span style=\"font-weight:400;font-size:11.5pt;\"> Centre, Mumbai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in March 2026<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">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.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29 April-2 May (Wednesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bharatbuildcon.com\/\" style=\"\">Bharat Buildcon 2026<\/a><\/span><span style=\"font-weight:400;\">, Yashobhoomi, Dwarka, Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-10 April (Tuesday-Friday), <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.indiarubberexpo.in\/\" style=\"\">India Rubber Expo 2026<\/a><\/span><span style=\"font-weight:400;\">, ITPO, Pragati Maidan, Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-25 June (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/homelandsecurityexpo.in\/datesvenue.php#\" style=\"\">India Homeland Security Expo 2026<\/a><\/span><span style=\"font-weight:400;\">, Bharat Mandapam, Pragati Maidan, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Signposted to happen sometime in 1H 2026:<\/span><\/p>\n<ul>\n<li><span>Signing of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/india-qatar-trade-deal-by-q3-next-year-piyush-goyal\/articleshow\/124350957.cms\" style=\"\">India-Qatar FTA<\/a><\/span><span style=\"font-weight:400;\"> (Details yet to be announced).<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-11 December (Tuesday-Thursday), <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/expandnorthstar.com\/\" style=\"\">Expand North Star 2025<\/a><\/span><span>, Dubai. <\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Adani Group\u2019s mega battery storage facility project | Bahrain and India link up digital payments infra | 12 killed in New Delhi car blast.<\/p>\n","protected":false},"featured_media":84910,"menu_order":0,"template":"","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-84909","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"38ee3628-9980-48ae-b686-bed169444ceb","teaser":"Adani Group\u2019s mega battery storage facility project | Bahrain and India link up digital payments infra | 12 killed in New Delhi car blast.","photo_url":"https:\/\/ent.news\/2025\/11\/856.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Adia backs Emmvee\u2019s IPO + Indian refiners expand MENA imports - MENA India Corridors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adia backs Emmvee\u2019s IPO + Indian refiners expand MENA imports\" \/>\n<meta property=\"og:description\" content=\"Adani Group\u2019s mega battery storage facility project | Bahrain and India link up digital payments infra | 12 killed in New Delhi car blast.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/\" \/>\n<meta property=\"og:site_name\" content=\"MENA India Corridors\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-11T10:29:09+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/856.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/\",\"url\":\"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/\",\"name\":\"Adia backs Emmvee\u2019s IPO + Indian refiners expand MENA imports - MENA India Corridors\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/856.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-11-12T00:00:00+00:00\",\"dateModified\":\"2025-12-11T10:29:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/856.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/856.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/mena-india\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/mena-india\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Adia backs Emmvee\u2019s IPO + Indian refiners expand MENA imports\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#website\",\"url\":\"https:\/\/enterpriseam.com\/mena-india\/\",\"name\":\"EnterpriseAM-MENA-India-Corridor\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/mena-india\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#organization\",\"name\":\"EnterpriseAM-MENA-India-Corridor\",\"url\":\"https:\/\/enterpriseam.com\/mena-india\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/84573.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/84573.svg\",\"caption\":\"EnterpriseAM-MENA-India-Corridor\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Adia backs Emmvee\u2019s IPO + Indian refiners expand MENA imports - MENA India Corridors","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/","og_locale":"en_US","og_type":"article","og_title":"Adia backs Emmvee\u2019s IPO + Indian refiners expand MENA imports","og_description":"Adani Group\u2019s mega battery storage facility project | Bahrain and India link up digital payments infra | 12 killed in New Delhi car blast.","og_url":"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/","og_site_name":"MENA India Corridors","article_modified_time":"2025-12-11T10:29:09+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/856.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/","url":"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/","name":"Adia backs Emmvee\u2019s IPO + Indian refiners expand MENA imports - MENA India Corridors","isPartOf":{"@id":"https:\/\/enterpriseam.com\/mena-india\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/856.jpg?fit=%2C&ssl=1","datePublished":"2025-11-12T00:00:00+00:00","dateModified":"2025-12-11T10:29:09+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/856.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/856.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/mena-india\/issues\/adia-backs-emmvees-ipo-indian-refiners-expand-mena-imports\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/mena-india\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/mena-india\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Adia backs Emmvee\u2019s IPO + Indian refiners expand MENA imports"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/mena-india\/#website","url":"https:\/\/enterpriseam.com\/mena-india\/","name":"EnterpriseAM-MENA-India-Corridor","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/mena-india\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/mena-india\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/mena-india\/#organization","name":"EnterpriseAM-MENA-India-Corridor","url":"https:\/\/enterpriseam.com\/mena-india\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/84573.svg","contentUrl":"https:\/\/ent.news\/internal\/84573.svg","caption":"EnterpriseAM-MENA-India-Corridor"},"image":{"@id":"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/issue\/84909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/issue\/84909\/revisions"}],"predecessor-version":[{"id":84951,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/issue\/84909\/revisions\/84951"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/media\/84910"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/media?parent=84909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/categories?post=84909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/tags?post=84909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}