{"id":85352,"date":"2025-12-05T00:00:00","date_gmt":"2025-12-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/?post_type=issue&#038;p=85352"},"modified":"2025-12-11T10:39:19","modified_gmt":"2025-12-11T10:39:19","slug":"modi-govt-says-its-not-losing-sleep-as-inr-slips","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/mena-india\/issues\/modi-govt-says-its-not-losing-sleep-as-inr-slips\/","title":{"rendered":"Modi gov\u2019t says it\u2019s not losing sleep as INR slips"},"content":{"rendered":"<section id=\"85354\" 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=\"85354\">\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\/12\/05\/rupee-hits-record-low-gulf-swf-backed-reliance-firm-planning-ipo\/\">\r\n                            THIS MORNING: INR slides to fresh record; Gulf SWF backed Reliance firm planning 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\/12\/05\/rupee-hits-record-low-gulf-swf-backed-reliance-firm-planning-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\/12\/05\/rupee-hits-record-low-gulf-swf-backed-reliance-firm-planning-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\/12\/05\/rupee-hits-record-low-gulf-swf-backed-reliance-firm-planning-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=Rupee hits record low; Gulf SWF backed Reliance firm planning IPO&url=https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/rupee-hits-record-low-gulf-swf-backed-reliance-firm-planning-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\/12\/05\/rupee-hits-record-low-gulf-swf-backed-reliance-firm-planning-ipo\/&title=Rupee hits record low; Gulf SWF backed Reliance firm planning 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=Rupee+hits+record+low%3B+Gulf+SWF+backed+Reliance+firm+planning+IPO+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2025%2F12%2F05%2Frupee-hits-record-low-gulf-swf-backed-reliance-firm-planning-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\/12\/05\/rupee-hits-record-low-gulf-swf-backed-reliance-firm-planning-ipo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/331.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85355\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/rupee-hits-record-low-gulf-swf-backed-reliance-firm-planning-ipo\/331-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/331.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"331.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/331.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/331.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85354\" class=\"content-area-description single-story post-85354 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseam-india tag-indian-economy tag-inr tag-reliance-industries tag-swiggy 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\/12\/.706a4aab-9eb3-43e4-a7b9-711386583b56.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends.<\/strong> We close the week with a bumper crop of IPO updates, including what could be India's biggest IPO as Reliance plans to list its telecom and tech arm in 2026. Also on the tech front: OpenAI is in advanced talks to unlock strategic partnerships with Tata Consultancy Services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong>The <strong>INR<\/strong> has slipped to an all-time low, but the government says it is \u201cnot losing sleep\u201d over it. We bring you another serving this morning of <strong>macroeconomic soup<\/strong> as data tumbles in with the end of 2Q. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO THIS MORNING- <\/strong>Sebi has rolled out a new single-window entry route to ease access for <strong>foreign investors<\/strong>, while <strong>Corona Remedies<\/strong> has opened orders for its INR 6.55 bn IPO.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- IndiGo<\/strong> faces its third straight day of disruption \u2014 and the Modi government has scrapped its <strong>Sanchar Saathi<\/strong> app mandate, allowing execs at Apple and other smartphone makers to breathe a sigh of relief.<\/p>\n<p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\">^^ We have all of that and more, below.<\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Putin is in town: <\/strong>India and Russia are set to sign 10 government-to-government agreements and 15 commercial pacts in New Delhi as Russian President Vladimir Putin meets Prime Minister Narendra Modi for the annual Indo-Russian summit, <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/news\/india\/india-russia-to-sign-10-inter-governmental-agreements-and-15-commercial-deals\/articleshow\/125751987.cms\" style=\"\" rel=\"noopener\">Economic Times<\/a> reports. The agreements cover trade, financial cooperation, civil nuclear energy, space, defense, and logistics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nuclear sub:<\/strong> The deals could include India leasing a nuclear-powered attack submarine from Russia for USD 2 bn, with delivery expected in two years following a decade-long negotiation, according to <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-04\/india-clinches-2-billion-russia-submarine-deal-as-putin-visits?srnd=phx-india-v2\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Putin arrived in New Delhi yesterday evening<\/strong> on his first visit to India since the start of the war in Ukraine. The visit comes as New Delhi is grappling with Donald Trump\u2019s bruising tariffs, forcing Indian refiners to cut Russian crude purchases. <\/p>\n<p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\"><strong>#2- The Reserve Bank of India wraps its three-day monetary policy meeting today. <\/strong>While most pundits have pencilled in a 25 bps rate cut, the decision may not be easy: the geopolitical background remains messy and the INR has crossed the 90 mark against the greenback \u2014 but India\u2019s economy is roaring and inflation is inching down. <\/p>\n<p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\">\n<p class=\"tag-border-left\">HAPPENING IN MENA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>A tale of two economies: Private-sector growth in Saudi Arabia cooled slightly in <\/strong><strong>November<\/strong> \u2014 though remained robust with a PMI of 58.5 \u2014 as the Kingdom shifts its fiscal focus from speed to efficiency. At the 2026 Budget Forum, the finance minister signaled a willingness to recalibrate Vision 2030 project timelines to prioritize \u201cquality growth.\u201d <strong>Egypt back in the black: Non-oil private sector activity surged<\/strong> into growth territory for the first time in nine months, hitting a five-year high of 51.1 as demand picked up and the EGP remained largely stable against the greenback.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Energy and big ticket acquisitions are driving the news cycle.<\/strong> <strong>Aramco<\/strong> has officially brought the first phase of its <strong>Jafurah<\/strong> gas plant online; the field is the Kingdom\u2019s largest unconventional gas play and a cornerstone of its transition strategy. In dealmaking, the <strong>Public Investment Fund<\/strong> is reportedly poised to take a 93.4% stake in gaming giant <strong>Electronic Arts<\/strong> as part of a consortium buyout.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the UAE, capital markets are getting creative.<\/strong> The ADX has launched a high-dividend index to attract yield-hungry investors to its top cash-generating firms, while our friends at <strong>Mashreq Capital<\/strong> are rolling out a multi-asset retail fund blending BTC, gold, and equities to capture digital asset upside with managed risk.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cross-border flows into Egypt remain strong heading into the end of the year:<\/strong> Kuwait has renewed a USD 2 bn deposit with the Central Bank of Egypt, providing Cairo with continued liquidity support as it stabilizes its macro outlook. Simultaneously, Infinity Power (the Masdar-Infinity JV) has broken ground on a 200 MW wind farm in Egypt\u2019s Ras Ghareb, cementing the UAE\u2019s role in Egypt\u2019s renewable transition.<\/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\">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> \u2018<strong>Not losing sleep\u2019 over depreciation: <\/strong>V. Anantha Nageswaran, chief economic adviser to the Modi government, on Wednesday said he is \u201cnot losing sleep\u201d over the country\u2019s currency depreciation, noting that the near 5% fall so far this year hasn\u2019t yet hit inflation or exports, Indian Express <a target=\"_blank\" href=\"https:\/\/indianexpress.com\/article\/business\/not-losing-sleep-rupee-fall-cea-nageswaran-10399933\/\" style=\"\" rel=\"noopener\">reports<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong> INR fell on Thursday to an all time low of 90.42 to the USD mark, but later rallied to <\/strong><strong>89.88<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/indias-largest-private-lender-sees-rupee-falling-92-absence-quick-us-trade-deal-2025-12-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The currency has come under pressure from continued foreign portfolio investor outflows, a widening trade deficit, and restrained intervention by the Reserve Bank of India, <a target=\"_blank\" href=\"https:\/\/www.thehindubusinessline.com\/markets\/forex\/rupee-dips-below-psychologically-crucial-90-per-us-dollar-mark\/article70352030.ece\" style=\"\" rel=\"noopener\">Hindu Businessline<\/a> notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market view: <\/strong>The central bank had \u201cheld the line at 88.80\u201d for weeks, but the defense \u201cquietly faded\u201d on 21 November, signalling a shift toward controlled, gradual depreciation, with intervention limited to prevent sharp swings, Amit Pabari, managing director of CR Forex Advisor, told <a target=\"_blank\" href=\"https:\/\/www.thehindubusinessline.com\/markets\/forex\/rupee-dips-below-psychologically-crucial-90-per-us-dollar-mark\/article70352030.ece\" style=\"\" rel=\"noopener\">Hindu Businessline<\/a>. Abhishek Goenka, founder and CEO of IFA Global, told the daily a delay of a India-US trade agreement would pile pressure on the INR. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE-<\/strong><strong> The RBI will tolerate a weaker INR as external pressure mounts<\/strong>, including a wider trade gap and a stalling of USD inflows, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/india-central-bank-tolerate-weaker-rupee-inflows-dry-up-sources-say-2025-12-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The RBI will now intervene mainly to curb sharp volatility rather than defend a specific level, the newswire wrote. The INR will remain volatile until a US-India trade agreement is signed \u2014 and may slip as low as 92 to the greenback if the agreement is delayed, Arup Rakshit, head of Treasury at HDFC Bank, told Reuters. <\/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\"><a id=\"wwtt2\"><\/a> <strong>#2- <\/strong><strong>B<\/strong><strong>engaluru<\/strong><strong>-based, Qatar-backed food-delivery and quick <\/strong><strong>commerce platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.swiggy.com\/\" style=\"\" rel=\"noopener\">Swiggy<\/a><\/strong><strong> is preparing to raise up to USD 1.1 bn (INR 100 bn)<\/strong> from a range of institutions in a transaction that could go to the market as early as next week, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-02\/india-s-swiggy-plans-1-1-billion-share-sale-next-week?srnd=phx-india-v2\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Deal structure: <\/strong>The size and pricing of the offering will be finalized based on market conditions. The company hasn\u2019t disclosed a valuation target. Swiggy is backed by investors including the Qatar Investment Authority, Prosus and SoftBank. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The planned fundraise comes amid intensifying competition in India\u2019s quick-commerce <\/strong><strong>and food delivery sector.<\/strong> Swiggy competes with rivals such as <a target=\"_blank\" href=\"https:\/\/www.zepto.com\/?srsltid=AfmBOooXjEdEJTZdYj-5c2BkMcSj6zAd3t0w9geqnjGQuodr7MZE50dN\" style=\"\" rel=\"noopener\">Zepto<\/a> and <a target=\"_blank\" href=\"https:\/\/blinkit.com\/?srsltid=AfmBOooUsvFha1TVcuyr1wTUv9_XZUb5iP72Chf1gIEm8_Sd7xq9zYOp\" style=\"\" rel=\"noopener\">Blinkit<\/a>, both of which are vying to expand their footprint while investor appetite for consumer-tech capital remains strong, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/indian-delivery-platform-swiggy-approves-up-100-billion-rupees-fundraise-via-qip-2025-11-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Swiggy has shortlisted Citigroup India, JPMorgan Chase, and Kotak Mahindra Capital as lead bankers for the share sale.<\/p>\n<p class=\"tag-border-left\">REGULATION WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#3- <\/strong><strong>India<\/strong><strong> has revoked a directive requiring smartphone makers to pre-install the <\/strong><strong>state-run Sanchar Saathi cyber-safety app on all new devices<\/strong>, the government <a target=\"_blank\" href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2198110&reg=3&lang=2\" style=\"\" rel=\"noopener\">said in a statement<\/a>. Telecom Minister Jyotiraditya M. Scindia had <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=0UaoVIswKQo\" style=\"\" rel=\"noopener\">told<\/a> parliament that the government was willing to withdraw the mandate based on public feedback. The minister also stressed that no spying was possible through the app. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Throwback: <\/strong>Scindia\u2019s ministry had asked global smartphone manufacturers, including Apple, Samsung and Xiaomi, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/mena-india\/en\/news\/story\/faca5b59-d903-48c6-9e93-1ac702088b08\/india-directs-smartphone-makers-to-preload-govt-cybersecurity%253cmark%253e-app%253c%2Fmark%253e%3B-state-refiners-step-up-russian-crude-purchases\" style=\"\" rel=\"noopener\">to preload the app within 90 days<\/a>, ensure it could not be disabled, and roll it out to existing devices via software updates, the report said. Apple <a target=\"_blank\" href=\"https:\/\/enterprise.news\/mena-india\/en\/news\/story\/faca5b59-d903-48c6-9e93-1ac702088b08\/india-directs-smartphone-makers-to-preload-govt-cybersecurity%253cmark%253e-app%253c%2Fmark%253e%3B-state-refiners-step-up-russian-crude-purchases\" style=\"\" rel=\"noopener\">opposed<\/a> the requirement, saying that forced pre-installation is incompatible with its privacy and security policy.<\/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\">TRAVEL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Indian<\/strong><strong> airline <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.goindigo.in\/\" style=\"\" rel=\"noopener\">IndiGo<\/a><\/strong><strong> faced a third straight day of heavy disruption yesterday<\/strong> with at least 175 flights cancelled across major airports including New Delhi, Mumbai, Bengaluru, Hyderabad, and Pune, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/sustainable-finance-reporting\/indias-bengaluru-airport-says-73-indigo-flights-cancelled-dec-4-2025-12-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. India\u2019s aviation regulator has launched a probe, <a target=\"_blank\" href=\"https:\/\/www.fortuneindia.com\/markets\/indigo-shares-fall-9-in-five-sessions-amid-flight-disruptions-and-dgca-probe\/128533\" style=\"\" rel=\"noopener\">Fortune India<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The disruptions began after IndiGo rushed to apply a mandatory software patch to c. 200 Airbus A320 aircraft. IndiGo, which operates over 2k flights daily and controls about 60% of India\u2019s domestic market, saw on-time performance plunge to 35% on Tuesday, down from 60%.<\/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\">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>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\">copy.<\/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\">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>Retail<\/strong><strong> investors pulled nearly INR 234 bn (USD 2.8 bn) from Indian equities in October <\/strong><strong>and November<\/strong>, even as benchmark indices rallied, <a target=\"_blank\" href=\"https:\/\/www.business-standard.com\/amp\/markets\/news\/markets-retail-investors-tactical-net-sellers-cash-market-mutual-funds-125120300198_1.html\" style=\"\" rel=\"noopener\">Business Standard<\/a> reports, citing exchange data. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>PwC<\/strong><strong> India expects state coffers will face an INR 1.1 tn (USD 12.33 bn) shortfall <\/strong>as net tax collections for FY 2026 fall short of the mark \u2014 but says stronger non-tax revenues will keep the fiscal deficit within the 4.2-4.4% target, assuming a nominal GDP growth of at least 9% in the second half, <a target=\"_blank\" href=\"https:\/\/www.business-standard.com\/economy\/news\/pwc-india-sees-1-1-trillion-shortfall-in-net-tax-collections-in-fy26-125120301379_1.html\" style=\"\" rel=\"noopener\">Business Standard<\/a> reports. <\/p>\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> investment and wealth management market is projected to double in size to <\/strong><strong>USD <\/strong><strong>27-31 bn by FY 2031<\/strong>, from roughly USD 14 bn in FY 2025, <a target=\"_blank\" href=\"https:\/\/www.fortuneindia.com\/markets\/indias-wealth-mgt-market-seen-doubling-to-31-bn-by-fy31-report\/128488\" style=\"\" rel=\"noopener\">Fortune India<\/a> reports, citing an Equirus Wealth report. The sector is expected to grow at a 15-17% CAGR as more investors enter the market.<\/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>A handful of big tech and M&A-related news <\/strong>has captured the attention of the global business press this morning. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Meta is set to make meaningful spending cuts to its Metaverse division<\/strong>, with plans for a budget cut of up to 30% and layoffs likely as early as January. The move to trim its virtual reality group comes as investors scrutinize spending on the segment and the lack of significant competition in the industry as CEO Mark Zuckerberg piles bns of USD into Meta\u2019s AI unit. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d8e798a8-65db-44f1-8490-035b50303ee3\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-04\/meta-s-zuckerberg-plans-deep-cuts-for-metaverse-efforts?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/meta-ceo-zuckerberg-plans-deep-cuts-metaverse-efforts-bloomberg-news-reports-2025-12-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/stock-market-today-dow-sp-500-nasdaq-12-04-2025\/card\/meta-s-pivot-from-the-metaverse-hD6a5OmG9gsn2gXFbmRJ\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Netflix has apparently made the highest bid for Warner Bros<\/strong> with an offer that includes 85% cash, a source told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/media-telecom\/paramount-accuses-warner-bros-discovery-unfair-sale-process-cnbc-reports-2025-12-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The company was still reportedly seeking another round of bids as of yesterday after suitors including Netflix, Paramount, and Comcast sweetened their offers earlier this week. Paramount accused Warner of running an unfair bidding process that favors Netflix. Paramount \u2014 whose initial USD 60 bn offer was rejected before WB launched a formal sales process \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b6ea35f6-e590-4820-8888-be428bc1ece2\/this-morning:%253cmark%253e-paramount%253c%2Fmark%253e%25e2%2580%2599s-warner-bros.-offer-gets-adia-backing%3F-%2B-adnoc-in-talks-to-acquire-sefe%25e2%2580%2599s-trading-unit\" style=\"\" rel=\"noopener\">courted Gulf sovereign wealth funds<\/a> from Saudi Arabia, the UAE, and Qatar for backing on the transaction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Apple just lost two more top executives<\/strong> \u2014 general counsel Kate Adms and VP for environment, policy, and social initiatives Lisa Jackson. They\u2019re the latest in a string of high-profile exits from Apple\u2019s management team after the devicemaker lost its head software design to Meta. Apple earlier this week pushed out its struggling AI chief and its longtime chief operating officer recently retired as planned. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/12\/04\/apple-announces-departure-lisa-jackson-kate-adams.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/apple-appoints-metas-newstead-general-counsel-amid-executive-changes-2025-12-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/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\/indian-economy\/\">Indian economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/inr\/\">INR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/reliance-industries\/\">Reliance Industries<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/swiggy\/\">Swiggy<\/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=\"85356\" 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=\"85356\">\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\">POLICY WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/sebi-cuts-red-tape-for-sovereign-wealth-funds-pension-pools\/\">\r\n                            Sebi cuts red tape for sovereign wealth funds, pension pools                        <\/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\/12\/05\/sebi-cuts-red-tape-for-sovereign-wealth-funds-pension-pools\/\" 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(); 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The framework, formally known as the Single Window Automatic and Generalised Access for Trusted Foreign Investors (SWAGAT-FI), targets sovereign wealth funds, central banks, multilateral agencies, and regulated pension and insurance pools.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The regime offers unified registration across foreign portfolio investors<\/strong> (FPIs) and foreign venture capital investors, eliminating duplicate documentation and allowing eligible investors to participate in both listed securities and unlisted startup ecosystems. Sebi <a target=\"_blank\" href=\"https:\/\/www.sebi.gov.in\/sebi_data\/meetingfiles\/sep-2025\/1758513452436_1.pdf\" style=\"\" rel=\"noopener\">proposed<\/a> the framework in September; the regime comes into effect in June 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The regulator extended registration and KYC renewal cycles to 10 years<\/strong>, up from three or five years previously, cutting administrative burden for long-term institutional capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sebi also aligned sponsor contribution rules for overseas Alternative Investment Funds <\/strong><strong>based in India's Financial System Code.<\/strong> Previously, Sebi and the International Financial Services Centres Authority set different caps on how much Indian sponsors could invest in their own funds, creating compliance risk. The regulator capped sponsor contributions at 10% of total fund corpus, matching IFSCA rules.<\/p>\n<p class=\"tag-border-left\">Our take <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a smart branding play backed by substance.<\/strong> \u201cSwagat\u201d means \u201cWelcome\u201d in Hindi, and the acronym is intentional. India has long battled a reputation for bureaucratic friction; by creating a fast lane specifically for \u201cpatient capital\u201d (SWFs and pension funds), Sebi is acknowledging that not all foreign money is the same \u2014 and the stable kind deserves VIP treatment.<\/p>\n<p class=\"tag-border-left\">Why it matters <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It targets the whales.<\/strong> As of June, India had nearly <a target=\"_blank\" href=\"https:\/\/www.thehindubusinessline.com\/markets\/sebi-eases-access-for-low-risk-foreign-investors-with-new-swagat-fi-window\/article70353662.ece\" style=\"\" rel=\"noopener\">12k registered FPIs<\/a> holding some USD 910 bn in assets. The investors eligible for SWAGAT-FI are estimated to account for over 70% of those total FPI assets. By making life easier for the biggest holders of capital, India hopes to lock in long-term flows and reduce volatility.<\/p>\n<p class=\"tag-border-left\">What\u2019s next? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Implementation kicks off in June 2026.<\/strong> Watch for similar easing measures to potentially trickle down to other classes of investors if this pilot with \u2018trusted\u2019 entities proves successful in boosting net inflows.<\/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\/foreign-portfolio-investors\/\">foreign portfolio investors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/policy\/\">Policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/policy-watch\/\">POLICY WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/sebi\/\">Sebi<\/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=\"85358\" 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=\"85358\">\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\/12\/05\/reliance-may-be-readying-indias-largest-ever-ipo\/\">\r\n                            Reliance may be readying India\u2019s largest-ever 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 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/352.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85359\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/reliance-may-be-readying-indias-largest-ever-ipo\/352-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/352.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"352.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/352.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/352.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85358\" class=\"content-area-description single-story post-85358 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-corona-remedies tag-enterpriseam-india tag-ipo-watch tag-jio-platforms tag-manipal-health tag-reliance tag-sify 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\/12\/.a49532a1-cfce-474b-9646-ea658aeace9a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>It\u2019s another busy day for Indian capital markets as firms race to beat the <\/strong><strong>year-end IPO buzzer<\/strong>, but the biggest story of the morning has to be the suggestion that Reliance is looking to take the nation\u2019s biggest-ever IPO to market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Here\u2019s your Friday morning rundown:<\/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\">Reliance\u2019s Jio looks to set IPO size record<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gulf-backed Reliance is planning a blockbuster IPO:<\/strong> Reliance Industries has begun work on the draft prospectus for the listing of telecom and technology arm Jio Platforms in what could become India\u2019s biggest-ever IPO, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-04\/reliance-is-said-to-start-work-on-draft-prospectus-for-jio-s-likely-record-ipo\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources it says have knowledge of the potential transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Gulf connection: <\/strong>Jio Platforms\u2019 shareholder base already includes some of the GCC\u2019s largest sovereign heavyweights. Saudi Arabia\u2019s Public Investment Fund, the Abu Dhabi Investment Authority, and Mubadala Investment Company in 2020 invested bns of USD in Jio Platforms and its associated fiber infrastructure entity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Reliance is informally engaging banks ahead of a formal mandate<\/strong>, which will be issued once new Securities and Exchange Board of India rules \u2014 allowing dilution as low as 2.5% for companies valued above INR 5 tn (USD 55 bn) \u2014 come into force.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bankers have proposed a valuation of up to USD 170 bn<\/strong>, exceeding Bharti Airtel\u2019s roughly USD 140 bn. At the top end, Jio could raise about USD 4.3 bn with minimum dilution. Reliance has indicated the listing could take place 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>BACKGROUND- <\/strong>Mumbai-based brokerage ICICI Securities <a target=\"_blank\" href=\"https:\/\/enterprise.news\/mena-india\/en\/news\/story\/7734ff3f-7f38-4a0d-be89-b8cdb35cd0f6\/%253cmark%253e%253c%2Fmark%253eprivate%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esector%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253egrowth%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eslows%253cmark%253e%253c%2Fmark%253e,%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253edac%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eclears%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eusd%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253e9%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ebn%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ein%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253earm%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ebuys%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">thinks Jio Platforms could be worth<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/mena-india\/en\/news\/story\/7734ff3f-7f38-4a0d-be89-b8cdb35cd0f6\/%253cmark%253e%253c%2Fmark%253eprivate%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esector%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253egrowth%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eslows%253cmark%253e%253c%2Fmark%253e,%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253edac%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eclears%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eusd%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253e9%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ebn%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ein%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253earm%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ebuys%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">as much as INR 12.3 tn<\/a> (USD 148 bn) by FY 2027.<\/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\">Manipal Health eyes USD 13 bn valuation<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Manipal<\/strong><strong> Health Enterprises is preparing to file for an INR 89.24 bn (USD 1 bn) IPO in <\/strong><strong>January<\/strong> in what could become India\u2019s largest hospital listing, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-03\/manipal-hospitals-said-to-file-1-billion-india-ipo-in-january\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources it says have knowledge of the transaction. The Bengaluru-based hospital chain is seeking a valuation of up to USD 13 bn. The issue is expected to both raise fresh capital and provide an exit window for some existing shareholders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Backed by Singapore\u2019s Temasek Holdings<\/strong>, Manipal has expanded aggressively through acquisitions, the latest including Sahyadri Hospitals in Maharashtra. It recently secured USD 600 mn in financing from KKR to support its growth pipeline. If the valuation holds, Manipal could surpass Max Healthcare \u2014 currently valued at around USD 12 bn \u2014 as India\u2019s most valuable hospital chain.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The IPO rides a strong <\/strong><strong>rerating<\/strong><strong> in Indian hospital stocks<\/strong>, with Max Healthcare and Apollo trading at premium multiples on the back of higher occupancies, case-mix upgrades, and rising medical tourism. <\/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\">Sify looks to become India\u2019s first listed data centre operator<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Chennai<\/strong><strong>-based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sifyinfinitspaces.com\/\" style=\"\" rel=\"noopener\">Sify<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/sifyinfinitspaces.com\/\" style=\"\" rel=\"noopener\">Infinit<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/sifyinfinitspaces.com\/\" style=\"\" rel=\"noopener\">Spaces<\/a><\/strong><strong> has filed for an IPO of INR 37 bn (USD 410.8 mn)<\/strong>, setting it up to be India\u2019s first listed data center operator, according to an <a target=\"_blank\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/Registration_17102025141743_DRHP_Fillingversion.pdf\" style=\"\" rel=\"noopener\">exchange filing<\/a>. The company filed its draft prospectus pending regulatory approval. The final timelines for the issue\u2019s opening, closing, and listing will be disclosed following regulatory approval. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Proceeds:<\/strong> The issue includes fresh equity shares of INR 25 bn (USD 277.7 mn) and an offer for sale of INR 12 bn (USD 133 mn). The draft filing suggests the capital raise will likely fund new data center builds, including edge-center expansion and long-lead, AI-ready infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big picture:<\/strong> India\u2019s data center capacity is expected to more than triple to 4.7 GW by 2030 (from 1.3 GW in April 2025), and Sify is entering the market as AI workloads spur unprecedented computing demand, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/media-telecom\/indian-data-center-operator-sify-infinit-spaces-bets-ai-boom-wary-bubble-2025-12-03\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The expansion will remain \u201cresponsible and calculated,\u201d CEO Sharad Agarwal told the newswire, noting that past cycles are cautionary markers against herd-driven overbuild.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> JM Financial, CLSA India, Kotak Mahindra Capital, and the India units of JP Morgan and Morgan Stanley are on the transaction. Kfin Technologies is the registrar for the issue. <\/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 firm Corona Remedies shareholders looking to raise USD 70 mn<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ahmedabad<\/strong><strong>-based pharma firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.coronaremedies.com\/\" style=\"\" rel=\"noopener\">Corona Remedies<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.coronaremedies.com\/\" style=\"\" rel=\"noopener\"><\/a><\/strong><strong>has set a price band of a <\/strong><strong>little over INR 1k per share for its INR 6.55 bn (USD 70 mn) IPO<\/strong>, valuing the firm at INR 65 bn (USD 730 mn), as per an <a target=\"_blank\" href=\"https:\/\/www.coronaremedies.com\/wp-content\/uploads\/2025\/12\/CORONA-RHP.pdf\" style=\"\" rel=\"noopener\">exchange filing (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details: <\/strong>The sale will see promoters and investors exit, including Sepia Investments, Anchor Partners, and Sage Investment Trust. The offer size has been trimmed from the initially planned USD 89.11 mn, and all proceeds set to go to selling shareholders. The issue opens 8-10 December, with anchor allocations set for 5 December and listing for 15 December.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What does Corona do? <\/strong>Corona Remedies manufactures and markets pharma formulations in women\u2019s health, pain management, urology, and other therapies, with 67 brands as of December last year. It\u2019s the second-fastest growing firm among India\u2019s top 30 pharma companies, posting a 16.7% domestic sales CAGR between 2022 and 2025, versus 9.21% for the broader market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong>JM Financial, IIFL Capital, and Kotak Mahindra Capital are bookrunners. Bigshare Services is the registrar for the issue. <\/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\/corona-remedies\/\">Corona Remedies<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/jio-platforms\/\">Jio Platforms<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/manipal-health\/\">Manipal Health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/reliance\/\">Reliance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/sify\/\">Sify<\/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=\"85360\" 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=\"85360\">\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\">TECH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/openai-is-in-advanced-talks-with-tcs-on-an-ai-partnership-to-bring-stargate-to-india\/\">\r\n                            OpenAI, TCS explore leasing-based AI compute collaboration                        <\/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\/12\/05\/openai-is-in-advanced-talks-with-tcs-on-an-ai-partnership-to-bring-stargate-to-india\/\" target=\"_blank\">\n             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href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/openai-is-in-advanced-talks-with-tcs-on-an-ai-partnership-to-bring-stargate-to-india\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/337.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85361\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/openai-is-in-advanced-talks-with-tcs-on-an-ai-partnership-to-bring-stargate-to-india\/337-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/337.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"337.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/337.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/337.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85360\" class=\"content-area-description single-story post-85360 post type-post status-publish format-standard has-post-thumbnail hentry category-tech tag-artificial-intelligence tag-data-centres tag-enterpriseam-india tag-openai tag-tata-consultancy-services tag-tech 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\/12\/.cb90da32-971b-4af8-ab44-d59ed575647f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>OpenAI to bring Stargate to India with Tata Group: <\/strong>US-based <a target=\"_blank\" href=\"https:\/\/openai.com\/\" style=\"\" rel=\"noopener\">OpenAI<\/a> is in advanced talks with <a target=\"_blank\" href=\"https:\/\/www.tcs.com\/home-page\" style=\"\" rel=\"noopener\">Tata Consultancy Services<\/a> (TCS) to expand its AI compute footprint in India as part of its Stargate initiative, <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/tech\/artificial-intelligence\/openai-strives-for-tata-hand-to-grow-footprint-in-india\/articleshow\/125751641.cms?from=mdr\" style=\"\" rel=\"noopener\">Economic Times<\/a> reports. The potential collaboration would mark the entry of OpenAI\u2019s Stargate India chapter as TCS accelerates its AI ambitions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The collaboration could see OpenAI leasing capacity from HyperVault<\/strong>, the new data center arm of TCS, and co-developing agentic AI solutions for large enterprise clients.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Infrastructure angle:<\/strong> TCS and private-equity group TPG plan to invest up to INR 180 bn (USD 2.1 bn) in <a target=\"_blank\" href=\"https:\/\/hypervault.com\/\" style=\"\" rel=\"noopener\">HyperVault<\/a> to build gigawatt-scale, AI-ready data centers to serve cloud and AI workloads. OpenAI is exploring leasing a share of that capacity rather than taking an equity stake, and the proposed arrangement could cover at least 500 MW of compute capacity, the news outlet reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enterprise focus:<\/strong> The collaboration would target sectors including banking and financial services, retail, consumer goods, and manufacturing, with deployments centered on enterprise use cases. <strong>India is the second-largest market by user base for ChatGPT<\/strong> after the US, the daily added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global footprint: <\/strong>The talks align with OpenAI\u2019s wider push to expand compute capacity under its Stargate model across markets including the UAE, Norway, the UK, Argentina, Japan, France, and the US. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Competitive backdrop:<\/strong> OpenAI previously held exploratory discussions with Indian conglomerate Reliance Industries for similar access to compute infrastructure, but the two parties failed to agree on terms. Reliance is separately developing a 1 GW compute hub in Jamnagar, Gujarat, with partners including Google and Meta. The Adani Group is also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/mena-india\/en\/news\/story\/fda816f7-d870-43f1-a06c-6322f314a54f\/reliance,-brookfield-backed-digital-connexion-commits-usd-11-bn-for-andhra-ai-data-center-buildout\" style=\"\" rel=\"noopener\">teaming up<\/a> with Google to develop a 1 GW data center in Andhra Pradesh. <\/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\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/data-centres\/\">Data Centres<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/openai\/\">OpenAI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/tata-consultancy-services\/\">Tata Consultancy Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/tech\/\">TECH<\/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=\"85362\" 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=\"85362\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/fitch-ratings-sees-india-economic-growth-picking-up-to-7-4-this-fiscal-year\/\">\r\n                            Fitch Ratings sees India economic growth picking up to 7.4% this fiscal year                        <\/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\/12\/05\/fitch-ratings-sees-india-economic-growth-picking-up-to-7-4-this-fiscal-year\/\" 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\/12\/05\/fitch-ratings-sees-india-economic-growth-picking-up-to-7-4-this-fiscal-year\/')\">\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\/12\/05\/fitch-ratings-sees-india-economic-growth-picking-up-to-7-4-this-fiscal-year\/\">\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=Fitch Ratings sees India economic growth picking up to 7.4% this fiscal year&url=https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/fitch-ratings-sees-india-economic-growth-picking-up-to-7-4-this-fiscal-year\/\">\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\/12\/05\/fitch-ratings-sees-india-economic-growth-picking-up-to-7-4-this-fiscal-year\/&title=Fitch Ratings sees India economic growth picking up to 7.4% this fiscal year\">\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=Fitch+Ratings+sees+India+economic+growth+picking+up+to+7.4%25+this+fiscal+year+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2025%2F12%2F05%2Ffitch-ratings-sees-india-economic-growth-picking-up-to-7-4-this-fiscal-year%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\/12\/05\/fitch-ratings-sees-india-economic-growth-picking-up-to-7-4-this-fiscal-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/335.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85363\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/fitch-ratings-sees-india-economic-growth-picking-up-to-7-4-this-fiscal-year\/335-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/335.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"335.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/335.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/335.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85362\" class=\"content-area-description single-story post-85362 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-india tag-gdp tag-indian-economy tag-macroeconomics tag-pmi 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\/12\/.5576002e-3000-4e25-84cc-7ca4d33aa620.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fitch<\/strong><strong> Ratings raised its forecast for India GDP growth in FY 2026 (ending in <\/strong><strong>March) to 7.4% from 6.9%<\/strong>, citing stronger private consumption on the back of strong real income gains and the impact of recent tax cuts, <a target=\"_blank\" href=\"https:\/\/www.moneycontrol.com\/news\/business\/economy\/india-growth-outlook-raised-fitch-now-sees-7-4-in-fy26-6-4-in-fy27-13709949.html\" style=\"\" rel=\"noopener\">Moneycontrol<\/a> reports. The upgrade comes after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/mena-india\/en\/news\/story\/5d574bdf-abd2-4a43-bbd1-d8912058e838\/india%25e2%2580%2599s-gdp-growth-firms-to-8.2%2525-in%253cmark%253e-2q%253c%2Fmark%253e-as-manufacturing,-consumption-beat-expectations\" style=\"\" rel=\"noopener\">India\u2019s economy surged 8.2% in 2Q<\/a>, the fastest in six quarters. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agency expects growth to ease to 6.4% in FY 2027<\/strong>, driven primarily by domestic consumption, and predicts moderating public investment and a pick up in private investment in 2H.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US tariffs still a problem: <\/strong>Fitch warned that India faces some of the highest effective US tariff rates and that a trade agreement lowering these duties would help external demand. Inflation is expected to average 1.5% this fiscal year before rising to 4.4% in FY 2027. The agency expects the Reserve Bank of India to deliver one final cut to 5.25% this month (RBI is due to announce its rate decision today), but sees the easing cycle ending soon, with the sliding INR complicating the case for support.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>INR outlook: Fitch sees the currency strengthening to 87.00 to the USD next year<\/strong>, firmer than its earlier 88.50 projection.<\/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\">Finance minister defends GDP calculation-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IMF rating tied to o<\/strong><strong>utdated<\/strong><strong> base year, not bad data, minister says:<\/strong> The International Monetary Fund\u2019s \u2018C\u2019 rating on India\u2019s national accounts reflects an outdated 2011-12 base year, not deficiencies in the quality of gross domestic product or income statistics, Indian Finance Minister Nirmala Sitharaman told parliament, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/nsitharamanoffc\/status\/1996218430836584666?s=20\" style=\"\" rel=\"noopener\">post on X<\/a>. The government will shift to a 2022-23 base year from 27 February, addressing methodological gaps flagged by the Fund, the minister said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IMF upbeat on growth, inflation:<\/strong> The IMF still expects India to grow 6.5% and \u201cappreciated\u201d the country\u2019s inflation management, Sitharaman noted. Beyond national accounts, India earned B ratings on inflation data, government finances, external sector statistics, monetary and financial statistics, and inter-sectoral consistency.<\/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\">Service sector surged in November<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>India\u2019s<\/strong><strong> services sector expanded at a faster pace in November as domestic demand <\/strong><strong>strengthened, but export growth slowed sharply<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/214.pdf\" style=\"\" rel=\"noopener\">HSBC India Services PMI (pdf)<\/a>, compiled by S&P Global. The index rose to 59.8 from 58.9 in October, remaining above the 50-point expansion threshold for the 52nd straight month and slightly below the preliminary estimate of 59.5.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Weaker sentiment? <\/strong>The survey showed new export orders increased at the slowest pace since March, and 95% of firms reported no change in payrolls. Input cost inflation eased to its lowest level since August 2020, while business confidence fell to its weakest since July 2022, according to the survey. The HSBC India Composite PMI, which combines manufacturing and services output, slipped to 59.7, marking the slowest rate of expansion since May.<\/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\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/indian-economy\/\">Indian economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/macroeconomics\/\">Macroeconomics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/pmi\/\">PMI<\/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=\"85364\" 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=\"85364\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/jinal-groups-steel-arm-looks-to-grow-with-japan-joint-venture\/\">\r\n                            Jinal Group\u2019s steel arm looks to grow with Japan joint venture                        <\/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\/12\/05\/jinal-groups-steel-arm-looks-to-grow-with-japan-joint-venture\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85365\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/jinal-groups-steel-arm-looks-to-grow-with-japan-joint-venture\/341-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/341.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"341.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/341.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/341.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85364\" class=\"content-area-description single-story post-85364 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-capital-investment tag-enterpriseam-india tag-joint-venture tag-jsw tag-ma 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\/12\/.8516d155-dbde-42f7-a051-c3bb4ff8e33e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mumbai<\/strong><strong>-based Jindal Group\u2019s steel arm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.jswsteel.in\/steel\" style=\"\" rel=\"noopener\">JSW Steel<\/a><\/strong><strong> will sell the steel <\/strong><strong>business of its subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.jswbpsl.in\/\" style=\"\" rel=\"noopener\">Bhushan Power and Steel<\/a><\/strong><strong> into a new 50:50 joint venture with Japan\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.jfe-steel.co.jp\/en\/\" style=\"\" rel=\"noopener\">JFE Steel<\/a><\/strong>, with a transaction valued at INR 244.83 bn (USD 2.72 bn), according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/222.pdf\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Structure + funding: <\/strong>JFE Steel will invest INR 157.50 bn (USD 1.75 bn) into the JV in two tranches, making it <strong>one of the largest foreign investments in India\u2019s steel industry<\/strong>. The transaction comes after India\u2019s supreme court approved in September JSW Steel\u2019s takeover of debt-ridden Bhushan Power and Steel, following months of court tussles that reversed an earlier decision to block the deal. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strategic roadmap:<\/strong> The JV plans to leverage Bhushan Power & Steel\u2019s existing 4.5 mn tonnes per annum (MTPA) integrated steel plant and iron ore mine in Odisha. The strategic goal is a significant capacity expansion to 10 MTPA by 2030, with plans to scale further to 15 MTPA, positioning the asset among the largest steel production facilities in the country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Backdrop: <\/strong>The partnership comes as the sector benefits from strong domestic steel consumption and a manufacturing-led demand recovery in recent months, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/indias-jsw-steel-move-bhushan-powers-steel-business-into-jv-with-japans-jfe-2025-12-03\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. <\/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\/capital-investment\/\">Capital Investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/joint-venture\/\">Joint venture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/jsw\/\">JSW<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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=\"85366\" 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=\"85366\">\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\">KUDOS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/apple-names-bengaluru-born-amar-subramanya-as-new-ai-boss\/\">\r\n                            Apple names Bengaluru-born Amar Subramanya as VP of AI                        <\/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\/12\/05\/apple-names-bengaluru-born-amar-subramanya-as-new-ai-boss\/\" 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\/12\/05\/apple-names-bengaluru-born-amar-subramanya-as-new-ai-boss\/')\">\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\/12\/05\/apple-names-bengaluru-born-amar-subramanya-as-new-ai-boss\/\">\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=Apple names Bengaluru-born Amar Subramanya as new AI boss&url=https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/apple-names-bengaluru-born-amar-subramanya-as-new-ai-boss\/\">\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\/12\/05\/apple-names-bengaluru-born-amar-subramanya-as-new-ai-boss\/&title=Apple names Bengaluru-born Amar Subramanya as new AI boss\">\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=Apple+names+Bengaluru-born+Amar+Subramanya+as+new+AI+boss+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2025%2F12%2F05%2Fapple-names-bengaluru-born-amar-subramanya-as-new-ai-boss%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\/12\/05\/apple-names-bengaluru-born-amar-subramanya-as-new-ai-boss\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/343.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85367\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/apple-names-bengaluru-born-amar-subramanya-as-new-ai-boss\/343-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/343.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"343.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/343.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/343.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85366\" class=\"content-area-description single-story post-85366 post type-post status-publish format-standard has-post-thumbnail hentry category-kudos tag-ai tag-apple tag-artificial-intelligence tag-enterpriseam-india tag-kudos 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\/12\/.51485949-1133-4a8e-ada5-26367ffa4b07.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Indian-origin exec steps into top Apple AI role: <\/strong>US technology major <a target=\"_blank\" href=\"https:\/\/www.apple.com\/in\/\" style=\"\" rel=\"noopener\">Apple<\/a> has appointed Bengaluru-born Amar Subramanya (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/amar-subramanya-3642498a\/\" style=\"\" rel=\"noopener\">Linkedin<\/a>) as its new vice president for AI, according to a <a target=\"_blank\" href=\"https:\/\/www.apple.com\/in\/newsroom\/2025\/12\/john-giannandrea-to-retire-from-apple\/\" style=\"\" rel=\"noopener\">press release<\/a>. The move comes as the tech giant looks to breathe new life into the division after pushing out John Giannandrea. Subramanya will lead Apple foundation models, machine-learning research, and AI safety and evaluation. He most recently served as corporate vice president of AI at Microsoft and previously spent 16 years at Google, where he headed engineering for the Gemini AI assistant.<\/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\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/apple\/\">Apple<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/kudos\/\">KUDOS<\/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=\"85368\" 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=\"85368\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/jeyandran-venugopal-takes-over-as-president-and-ceo-of-reliance-retail-ventures\/\">\r\n                            Reliance Retail Ventures appoints Jeyandran Venugopal as president and CEO of Reliance Retail Ventures                        <\/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\/12\/05\/jeyandran-venugopal-takes-over-as-president-and-ceo-of-reliance-retail-ventures\/\" 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\/12\/05\/jeyandran-venugopal-takes-over-as-president-and-ceo-of-reliance-retail-ventures\/')\">\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\/12\/05\/jeyandran-venugopal-takes-over-as-president-and-ceo-of-reliance-retail-ventures\/\">\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=Jeyandran Venugopal takes over as president and CEO of Reliance Retail Ventures&url=https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/jeyandran-venugopal-takes-over-as-president-and-ceo-of-reliance-retail-ventures\/\">\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\/12\/05\/jeyandran-venugopal-takes-over-as-president-and-ceo-of-reliance-retail-ventures\/&title=Jeyandran Venugopal takes over as president and CEO of Reliance Retail Ventures\">\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=Jeyandran+Venugopal+takes+over+as+president+and+CEO+of+Reliance+Retail+Ventures+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2025%2F12%2F05%2Fjeyandran-venugopal-takes-over-as-president-and-ceo-of-reliance-retail-ventures%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\/12\/05\/jeyandran-venugopal-takes-over-as-president-and-ceo-of-reliance-retail-ventures\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/306.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85369\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/jeyandran-venugopal-takes-over-as-president-and-ceo-of-reliance-retail-ventures\/306-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/306.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"306.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/306.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/306.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85368\" class=\"content-area-description single-story post-85368 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-india tag-flipkart tag-moves tag-reliance-industries 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\/12\/.54c0a1b7-c90a-4033-8d66-d5c9f1befd39.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jeyandran<\/strong><strong> Venugopal (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/jeyandran\/\" style=\"\" rel=\"noopener\">Linkedin<\/a><\/strong><strong>) has taken over as CEO of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/relianceretail.com\/\" style=\"\" rel=\"noopener\">Reliance Retail Ventures<\/a><\/strong> <strong> (RRVL)<\/strong>, the retail arm of Indian Reliance Industries, <a target=\"_blank\" href=\"https:\/\/www.thehindubusinessline.com\/companies\/ex-flipkart-executive-jeyandran-venugopal-takes-over-at-reliance-retail-ventures\/article70354127.ece\" style=\"\" rel=\"noopener\">Hindu Businessline<\/a> reports. Venugopal will oversee RRVL\u2019s retail operations and leadership structure. Venugopal previously served as chief product and technology officer at Flipkart, the Walmart-owned e-commerce platform, and earlier held roles at Amazon and Yahoo, as well as at fashion platforms Myntra and Jabong.<\/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\/flipkart\/\">Flipkart<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/reliance-industries\/\">Reliance Industries<\/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=\"85370\" 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=\"85370\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/maruti-steps-up-ev-rollout-with-inr-2-5-bn-infra-spend-new-model-pipeline\/\">\r\n                            Maruti targets 100k-point EV charging network by 2030                        <\/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\/12\/05\/maruti-steps-up-ev-rollout-with-inr-2-5-bn-infra-spend-new-model-pipeline\/\" 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(); 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The company has invested INR 2.50 bn (USD 30 mn) so far to provide charging at more than 2k touchpoints across 1.1k cities, and is working with 13 charge-point operators to widen access. <\/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\">MEDIA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bengaluru<\/strong><strong>-based marketing agency Mobilise has opened a new office in Dubai<\/strong>, part of its expansion across the Middle East and Sub-Saharan Africa, as per a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/mobilise-expands-to-dubai-strengthening-its-global-network-f1kajn8j\" style=\"\" rel=\"noopener\">press release<\/a>. The hub will support rising regional demand for enterprise technology marketing, said CEO Kamal Krishna. Dubai\u2019s position as a nodal intersection of tech and capital makes it a natural base for future partnerships, Krishna said.<\/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\">M&A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DreamFolks<\/strong><strong> acquires 60% stake in Dubai-based Easy to Travel: <\/strong>India-based airport aggregator platform DreamFolks acquired a 60% stake in Dubai-based airport services firm Easy to Travel (ETT) for nearly USD 4 mn, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/329.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The acquisition comes as DreamFolks looks to roll out new services and increase client diversification, after it halted its India-based services in September after airports began to offer direct access to lounge services, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/indias-dreamfolks-stops-domestic-airport-lounge-services-2025-09-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported at the time. ETT operates in over 120 countries and 500 airports.<\/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\/electric-vehicles\/\">electric vehicles<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/ev\/\">EV<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/maruti-suzuki\/\">Maruti Suzuki<\/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=\"85372\" 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=\"85372\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/emerging-markets-surge-on-ai-optimism-though-india-lags-behind\/\">\r\n                            Emerging markets surge on AI optimism, though India lags behind                        <\/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\/12\/05\/emerging-markets-surge-on-ai-optimism-though-india-lags-behind\/\" 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(); 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            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\/12\/05\/emerging-markets-surge-on-ai-optimism-though-india-lags-behind\/&title=Emerging markets surge on AI optimism, though India lags behind\">\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=Emerging+markets+surge+on+AI+optimism%2C+though+India+lags+behind+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2025%2F12%2F05%2Femerging-markets-surge-on-ai-optimism-though-india-lags-behind%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\/12\/05\/emerging-markets-surge-on-ai-optimism-though-india-lags-behind\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/257.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85373\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/emerging-markets-surge-on-ai-optimism-though-india-lags-behind\/257-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/257.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"257.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/257.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/257.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85372\" class=\"content-area-description single-story post-85372 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-artificial-intelligence tag-enterpriseam-india tag-financial-markets tag-planet-finance 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\/12\/.b8eb47f1-c5aa-4cc4-8e9a-e861bd7e1c14.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Investors seem split on what an AI-driven stock market rally means for <\/strong><strong>emerging <\/strong><strong>markets<\/strong><strong>.<\/strong> EM stocks are on track for their best year in nearly a decade, with the MSCI EM index up around 31% YTD, and funds tracking the markets like the USD 141 bn Vanguard FTSE Emerging Markets index up 23.5% YTD, marking the highest growth since 2017.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(**<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tech-heavy China and South Korea indexes are amongst the top performers<\/strong> thanks to highly-weighted semiconductor and software stocks, according to the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/14bf78f6-e414-4bd7-973b-2b42da0bdde2\" style=\"\" rel=\"noopener\">Financial Times<\/a>. AI-tied stocks including Alibaba Group (up 139% YTD) and Taiwan Semiconductor Manufacturing (up 35% YTD) are among those seeing the biggest gains. Heavy concentration in these names, however, has also increased benchmark risk.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the flipside, Indian equities have underperformed other emerging markets by the <\/strong><strong>widest margin in more than three decades <\/strong>amid uncertainty over a US-India trade agreement, faster AI adoption in east Asia, tighter fiscal and monetary policy, and murky earnings visibility, the FT quotes analysts as saying. The MSCI India index booked its weakest return since 1993, with 2.5% in USD terms this year. Foreign investors have pulled out over USD 16 bn from the market, the second-largest outflow on record.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Funds were redirected to higher-performing EM markets linked to the AI boom<\/strong>, and investors treated India as a \u201cfunding trade\u201d this year to finance long positions elsewhere in the region, Goldman Sachs global emerging market equity strategist Sunil Koul said.<\/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\">ALSO ON PLANET FINANCE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Anthropic is looking to beat OpenAI to IPO:<\/strong> US AI firm Anthropic \u2014 creator of the Claude chatbot and a major OpenAI rival \u2014 has brought on US law firm Wilson Sonsini to handle its work for a possible IPO, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3254fa30-5bdb-4c30-8560-7cd7ebbefc5f\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports, citing sources it says are familiar with the matter. The move comes at a time of sky-high valuations for tech startups, with OpenAI recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f5a1262e-4fb4-4af9-9753-01b2c7131546\/openai%25e2%2580%2599s-soaring-valuation-triggers-ai-rally\" style=\"\" rel=\"noopener\">valued at USD 500 bn<\/a> during a secondary share sale. The firm is eyeing a 2026 listing date, one source told FT.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The AI firm is reportedly seeking a private round valuing it at more than USD 300 bn<\/strong> and has held informal talks with banks but not yet chosen underwriters. An Anthropic spokesperson said no decision has been made on if or when it will go public.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Abu Dhabi AI investor MGX was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c2723b30-69c5-4872-94c9-f30959d4a3c7\/mgx,-blackrock-take-over-aligned-data-centers-for-usd-40-bn\" style=\"\" rel=\"noopener\">reportedly in early fundraising talks<\/a> with Anthropic when Anthropic CEO Dario Amodei was on a tour in the Middle East, as it eyes a USD 170 bn valuation with a USD 5 bn new funding round set to be led by Iconiq Capital, with potential investments from the the Qatar Investment Authority and Singapore\u2019s sovereign fund GIC. <\/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><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/quote\/SENSEX:IND?embedded-checkout=true\" style=\"\" rel=\"noopener\">Sensex (as of dispatch)<\/a><\/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\">85,307<\/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\">+0.04% (YTD: +8.63%)<\/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><a target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/quote\/%5ENSEI\/?utm_source=chatgpt.com\" style=\"\" rel=\"noopener\">NIFTY 50 (as of dispatch)<\/a><\/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\">26,047<\/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\">+ 0.05% (YTD: 9.71%)<\/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>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\">9,914<\/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: +5.3%)<\/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\">5,928<\/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: +14.9%)<\/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><a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/ourmarkets\/main-market-watch\/indices-performance\/!ut\/p\/z1\/lZJBc4IwEIV_Sw8cNVsQyPRGcUStiBZtMRcGYkRmgDAh1tpf31A7nVpb2-aW5Hv7dl-CCIoQqZKnPEtkzqukUPsVsWLTsUAfYghgvsQwH4SDWxODjl0bPZ4C2PcsmE-deaDbJkCoI_IvPYQzUwEz35jAPXhg_U0PPywHfteTUwT3-65C7vBwDIEOln0GnI_4xeR8hjfgQpNjRLKCp8fAnSo1cIaIYBsmmOjuhDreSlk3NxposN_vuxnnWcG6lJcafCfZ8kai6JRsTS5noQq1Nh8ueVoeLZ7Lomo0qAVfa7BOZCIPNdOA8kqySmogWMN3grIO5UXBaPt3GkToNhEylkmTx3QnhCLjRl1ygSJ_YQBaqaezP_Xz4PbAgqDn-RN87Xk2Ctvg3qUhawuzdcgolwKtFqNZ4KK6XC4jyEcdkh6Ml8lm6jtXr2dkFAk!\/p0\/IZ7_5A602H80O0VC4060O4GML81GG7=CZ6_5A602H80O0QU80QFSFB58028C7=M\/?currentSelectedSecotr=MT30&chart_tasi_current_sector=TASI\" style=\"\" rel=\"noopener\">Tadawul<\/a><\/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\">10,626<\/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\">+0.5% (YTD: -11.7%)<\/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>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\">41,499<\/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: +39.4%)<\/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>Boursa Kuwait<\/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\">8,123<\/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: +17.6%)<\/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>QSE<\/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\">10,713<\/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: +1.3%)<\/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\">6,857<\/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: +16.6%)<\/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\">9,711<\/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: +18.8%)<\/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\">5,718<\/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: +16.8%)<\/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 63.26<\/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>Natural gas <\/strong>(Nymex)<\/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 5.09<\/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\">+0.6%<\/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>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 4,232.9<\/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%<\/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 92,277<\/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: -2.3%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\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\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85374\" 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\/12\/05\/85374-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85374\" class=\"content-area-description single-story post-85374 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;\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-19 December (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.newsonair.gov.in\/winter-session-of-parliament-scheduled-from-dec-1-to-dec-19-2025-kiren-rijiju\/\" style=\"\">Winter Session of Indian Parliament<\/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>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 Center (Gandhinagar), Gujarat.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-9 December (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/telanganarising2047.org\/\" style=\"\">Telangana Rising 2047<\/a><\/span><span style=\"font-weight:400;\">, Hyderabad, Telangana.<\/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;\">2026<\/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;\">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:400;\">1 January (Thursday): India assumes the Presidency of Brics.<\/span><\/p>\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<\/a><\/span><span style=\"font-weight:400;\">, Le M\u00e9ridien Conference Center, Dubai.<\/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;\">26 January (Monday): Republic Day (Public Holiday). <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27 January (Tuesday): India-EU <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mea.gov.in\/press-releases.htm?dtl\/40336\/Joint_Press_Release_on_the_11th_India__EU_Foreign_Policy_and_Security_Consultations_and_the_6th_IndiaEU_Strategic_Partnership_Review_Meeting_in_Brusse\" style=\"\">Summit<\/a><\/span><span style=\"font-weight:400;\"> (to potentially finalize FTA), New Delhi.<\/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<\/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=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/indiaagriexpo.com\/\" style=\"\">India Agri Expo<\/a><\/span><span style=\"font-weight:400;\">, Ludhiana Exhibition Center, 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<\/a><\/span><span style=\"font-weight:400;\">, Jio World Convention Center, Mumbai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-10 February (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mcciapune.com\/initiatives\/pibs\/\" style=\"\">Pune International Business Summit (PIBS)<\/a><\/span><span style=\"font-weight:400;\">, SL Kirloskar Convention Center, JW Marriott, Pune.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-18 February (Saturday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/mail.mgovcloud.in\/zm\/reUrlCheck.do?url=https%3A%2F%2Fwww.ihgfdelhifair.in&uvd=080112bc01b0ca97b3b9c382fe8695f75900007551b3edcfcc2ddb715e6c6aafa782978c518a566cb3f6f21a7ffe245f0866d9739a2e499cb927e87a01a88796ae6f12bc9f57b01a3453a8582efd9c34348988c22f6b91180b551b1f376e9f25031cfc37c4ea8c2dd794586260eb4f7ab8d4b819af61d02b8c79bca5ed6019798dfd57476ad58a6ae69453df1092abdeb0411daa73a5e4730634ee6589ce7c65e0c0d835fceb01d9978da96482e3f4d3f54cb2fbe191fc12a2a26b6fc98eaaec21\" style=\"\">IHGF Delhi Fair<\/a><\/span><span style=\"font-weight:400;\"> (Spring), 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 style=\"font-weight:400;\">4 March (Wednesday): Holi (Public Holiday).<\/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<\/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>19-22 March (Thursday-Sunday): Bharat Urja Manthan - <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.globalenergyconclave.com\/\" style=\"\">Global Energy Conclave<\/a><\/span><span>, 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;\">20 March (Friday): Eid Al Fitr (Public Holiday).<\/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: 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>23-25 March (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.smartcitiesindia.com\/\" style=\"\">Smart Cities Expo<\/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>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\">, Jio World <\/span><span>Convention<\/span><span style=\"font-weight:400;font-size:11.5pt;\"> Center, 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:400;\">31 March (Tuesday): Mahavir Jayanti (Public Holiday).<\/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 style=\"font-weight:400;\">3 April (Friday): Good Friday (Public Holiday).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-25 April (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/conclave.railanalysis.com\/\" style=\"\">Rail & Metro Technology Conclave<\/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>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<\/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<\/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;\">MAY<\/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;\">1 May (Friday): Buddha Purnima (Public Holiday).<\/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;\">26 May (Tuesday): Eid Al Adha (Public Holiday).<\/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<\/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:400;\">26 June (Friday): Muharram (Public Holiday).<\/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 Freetrade Agreement<\/a><\/span><span style=\"font-weight:400;\"> (details yet to be announced);<\/span><\/li>\n<li><span>India-EU Trade and Technology Council <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mea.gov.in\/press-releases.htm?dtl\/40336\/Joint_Press_Release_on_the_11th_India__EU_Foreign_Policy_and_Security_Consultations_and_the_6th_IndiaEU_Strategic_Partnership_Review_Meeting_in_Brusse\" style=\"\">Ministerial Meeting<\/a><\/span><span style=\"font-weight:400;\">, Brussels, Belgium.<\/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;\">AUGUST <\/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;\">15 August (Saturday): Independence Day (Public Holiday).<\/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;\">26 August (Wednesday): Prophet Mohammad\u2019s Birthday (Public Holiday).<\/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;\">OCTOBER <\/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;\">2 October (Friday): Gandhi Jayanti (Public Holiday).<\/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;\">20 October (Tuesday): Dussehra (Public Holiday).<\/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\">NOVEMBER <\/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;\">24 November (Tuesday): Guru Nanak Jayanti (Public Holiday).<\/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>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<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/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;\">25 December (Friday): Christmas Day (Public Holiday).<\/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>Reliance readying India\u2019s largest-ever IPO? | Sebi rolls-out welcome mate for \u2018safe\u2019 investors | Tata Group to partner with OpenAI on Stargate India | Fitch upgrades India growth forecast<\/p>\n","protected":false},"featured_media":85353,"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-85352","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c3ebcb16-5cb5-44a7-91da-244ec53d8712","teaser":"Reliance readying India\u2019s largest-ever IPO? | Sebi rolls-out welcome mate for \u2018safe\u2019 investors | Tata Group to partner with OpenAI on Stargate India | Fitch upgrades India growth forecast","photo_url":"https:\/\/ent.news\/2025\/11\/1070.jpg"},"yoast_head":"<!-- This site is optimized with the 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