{"id":87854,"date":"2026-03-18T00:00:00","date_gmt":"2026-03-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/?post_type=issue&#038;p=87854"},"modified":"2026-03-18T10:23:59","modified_gmt":"2026-03-18T10:23:59","slug":"hormuz-disruptions-squeeze-indian-industry","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/mena-india\/issues\/hormuz-disruptions-squeeze-indian-industry\/","title":{"rendered":"Hormuz disruptions squeeze Indian industry"},"content":{"rendered":"<section id=\"87856\" 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=\"87856\">\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\/2026\/03\/18\/this-afternoon-india-eyes-clearance-for-six-lpg-carriers-as-hormuz-tensions-escalate\/\">\r\n                            India intensifies diplomacy to move LPG cargoes through Hormuz chokepoint                        <\/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\/2026\/03\/18\/this-afternoon-india-eyes-clearance-for-six-lpg-carriers-as-hormuz-tensions-escalate\/\" 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LPG carriers as Hormuz tensions escalate\">\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=THIS+AFTERNOON%3A+India+eyes+clearance+for+six+LPG+carriers+as+Hormuz+tensions+escalate+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2026%2F03%2F18%2Fthis-afternoon-india-eyes-clearance-for-six-lpg-carriers-as-hormuz-tensions-escalate%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\/2026\/03\/18\/this-afternoon-india-eyes-clearance-for-six-lpg-carriers-as-hormuz-tensions-escalate\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1003.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87857\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/18\/this-afternoon-india-eyes-clearance-for-six-lpg-carriers-as-hormuz-tensions-escalate\/1003-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1003.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1003.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1003.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1003.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87856\" class=\"content-area-description single-story post-87856 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-energy tag-enterpriseam-india tag-gulf-war tag-india-gcc-corridor tag-shipping tag-trade tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding-top:0pt;margin:0;padding-left:0;padding-bottom:14pt;line-height:1.15;orphans:2;widows:2;text-align:left;padding-right:0\"><strong>Good afternoon, readers. <\/strong>The ongoing regional conflict continues to dominate the narrative through the MENA-India trade and energy corridors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>**A QUICK PROGRAMMING NOTE<\/strong>- EnterpriseAM MENA<>India will take a break from your inboxes on Friday as much of the region is off for Eid Al Fitr, and will be back in your inboxes at the usual time on Monday, 23 March. <\/p>\n<p style=\"padding-top:14pt;margin:0;padding-left:0;padding-bottom:14pt;line-height:1.15;orphans:2;widows:2;text-align:left;padding-right:0\"><strong>The big theme today: <\/strong>Indian diplomacy is in overdrive to secure safe passage for stranded fuel tankers in the Strait of Hormuz. The ripple effects of these logistical bottlenecks are already hitting home, with domestic manufacturing across India\u2019s steel, pharma, and fertilizer sectors beginning to feel the pinch of fuel shortages. <\/p>\n<p style=\"padding-top:14pt;margin:0;padding-left:0;padding-bottom:14pt;line-height:1.15;orphans:2;widows:2;text-align:left;padding-right:0\"><strong>But corporate moves haven't ground to a halt.<\/strong> Emirates NBD looks set to get a second swing at the IDBI Bank, as the government will restart the privatization process from scratch. <\/p>\n<p><strong>The Indian IPO market is seeing a high-stakes split:<\/strong> Walmart-backed PhonePe is hitting pause amid the volatility, while Gulf SWF-backed Jio Platforms is pressing ahead with plans for what could be India\u2019s largest-ever listing.<\/p>\n<p style=\"padding-top:14pt;margin:0;padding-left:0;padding-bottom:14pt;line-height:1.15;orphans:2;widows:2;text-align:left;padding-right:0\">Let\u2019s dive right in.<\/p>\n<p class=\"tag-border-left\">Watch this space <\/p>\n<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>DIPLOMACY\u2014 <\/strong><strong>India<\/strong><strong> is focusing all diplomatic efforts on securing safe passage for six liquefied petroleum gas (LPG) tankers <\/strong><strong>through the Strait of Hormuz<\/strong> as talks with Tehran continue, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-16\/india-talks-with-iran-prioritize-passage-for-six-lpg-tankers\" style=\"\">Bloomberg<\/a> reports. This is the second negotiation after India <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/16\/india-works-diplomatic-channels-to-secure-passage-for-tankers-through-hormuz\/\" style=\"\">secured passage for two LPG carriers<\/a> earlier this week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>The vessels are carrying roughly 270k tonnes of cooking fuel, prioritized amid an acute domestic cooking gas shortage. The fully loaded carriers are <a target=\"_blank\" href=\"https:\/\/www.thehindubusinessline.com\/economy\/logistics\/india-in-talks-with-iran-for-safe-passage-of-27-lt-lpg-via-strait-of-hormuz\/article70754687.ece\" style=\"\">currently<\/a> idling west of the strait in the Persian Gulf awaiting clearance to sail to India. Reportedly, 22 India-linked vessels remain <a target=\"_blank\" href=\"https:\/\/indianexpress.com\/article\/business\/indian-flagged-lpg-tanker-crosses-strait-of-hormuz-10581380\/\" style=\"\">stranded<\/a> in the Persian Gulf, including LPG carriers, crude oil tankers and a ship carrying liquified natural gas. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>India denies quid pro quo: <\/strong>India has refuted <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/india-seeks-hormuz-safe-passage-tehran-asks-return-seized-tankers-sources-say-2026-03-16\/\" style=\"\">reports<\/a> that it is negotiating with Iran to release three tankers seized earlier this year in return for securing safe passage for India-bound vessels through Hormuz, stated Ministry of External Affairs spokesperson Randhir Jaiswal in a <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=29GfP2alTTk\" style=\"\">press briefing<\/a>. He dismissed the claims as \u201cbaseless,\u201d adding that the three vessels are \u201cnot Iranian-owned\u201d and have no Iranian crew on them.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Context: <\/strong>Indian authorities had detained the vessels \u2014 Asphalt Star, Al Jafzia and Stellar Ruby \u2014 near Indian waters in February, alleging they concealed their identities and conducted illegal ship-to-ship fuel transfers. <\/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> TRADE\u2014 <\/strong><strong>India\u2019s<\/strong><strong> rice exports are expected to remain <\/strong><strong>broadly stable despite the war,<\/strong> with shipment volumes likely to grow up to 2% over last year\u2019s 6 mn tonnes, as per a report by <a target=\"_blank\" href=\"https:\/\/www.crisilratings.com\/en\/home\/newsroom\/press-releases\/2026\/03\/basmati-rice-exports-seen-steady-despite-the-middle-east-conflict.html\" style=\"\">Crisil Ratings<\/a>. While exports to Iran may decline due to trade disruptions, stronger demand from Saudi Arabia, Iraq, the UAE and Yemen is expected to offset the shortfall.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Logistics strain builds:<\/strong> Longer transit times, higher freight costs and ins. premiums will likely increase exporters\u2019 financing needs by up to 10-15%, as per Crisil. However, the additional logistics costs are expected to be passed on to buyers, to maintain profitability and keep credit stable despite higher borrowing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> India controls 85% of the global basmati market. Iran received 14% of the rice volume exported from India in the last fiscal year. With the country facing war and payment issues, the rest of the Middle East is picking up the grain to ensure food security. <\/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=\"wwtt3\"><\/a> <strong>ENBD may get another shot at acquiring IDBI Bank:<\/strong> The privatization process of the Indian lender IDBI Bank is set to restart after bids for a controlling stake fell short of the government\u2019s expectations, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/16\/this-afternoon-india-likely-to-delay-interim-us-trade-pact-idbi-bank-stake-sale-scrapped\/\" style=\"\">forcing the process to be scrapped<\/a> last week, <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/industry\/banking\/finance\/banking\/government-likely-to-restart-idbi-bank-privatisation-process-from-scratch\/articleshow\/129644794.cms\" style=\"\">Economic Times<\/a> reports, citing unnamed sources. Emirates NBD was among the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/02\/09\/emirates-nbd-submits-a-bid-to-acquire-a-majority-stake-in-idbi-bank\/\" style=\"\">international suitors who submitted bids to acquire a stake in the bank<\/a>, competing against Canada\u2019s Fairfax for 60.7% of IDBI, estimated to be worth over USD 7.5 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What now? <\/strong>A ministerial panel reportedly overseeing the divestment is expected to support re-launching the stake sale again from scratch. The government has been attempting to privatize the state-owned lender for nearly five years as part of a broader approach to reduce its role in commercial banking.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Reserve price rethink:<\/strong> Authorities are likely to review how the reserve price was determined, particularly the heavy reliance on stock price for a bank with a small public float, which may have distorted valuations. If the process restarts, Emirates NBD and Fairfax will be allowed to resubmit offers without repeating regulatory clearances.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>ENBD\u2019s interest in IDBI was a cornerstone of its corridor strategy to capture the massive remittance and trade-finance flows between the UAE and India. It comes after ENBD recently <a target=\"_blank\" href=\"https:\/\/www.emiratesnbd.com\/en\/media-center\/emirates-nbd-to-acquire-majority-stake-in-rbl-bank\" style=\"\">acquired<\/a> Indian private lender <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/02\/20\/this-afternoon-emirates-nbd-secures-board-approval-to-merge-its-india-unit-with-rbl-bank\/\" style=\"\">RBL Bank for USD 3 bn<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">_SubscribeToEnterprise_!<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">*** YOU\u2019RE READING EnterpriseAM MENA <> India, your C-suite briefing on the movement of trade, investment, people, and ideas along one of the world\u2019s most exciting corridors. Every Monday, Wednesday, and Friday at 2:30 pm 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:\/\/enterpriseam.com\/mena-india\/newsletters\/\" style=\"\">Tap or click here to sign up without charge for your own<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/mena-india\/newsletters\/\" style=\"\">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 point<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>5<\/strong><strong>.5k <\/strong><strong>\u2014 That is the number of flights from India cancelled by domestic and international airlines amid the ongoing regional conflict<\/strong>, Civil Aviation Minister Ram Mohan Naidu told the Indian Parliament. Domestic carriers cancelled 4.3k flights and foreign airlines up to 1.2k as airspace restrictions disrupted aviation routes between India and the Gulf region, <a target=\"_blank\" href=\"https:\/\/www.ptinews.com\/story\/national\/indian-airlines-cancelled-4-335-flights-and-foreign-carriers-1-187-flights-due-to-west-asia-conflict-govt-in-rs\/3470698\" style=\"\">PTI<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> The big story abroad<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Major escalations have kept the regional war on the front pages<\/strong>, chief among them was the <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-17\/ali-larijani-key-wartime-leader-in-iran-is-killed-at-67\" style=\"\">killing of Iran\u2019s top security official<\/a> Ali Larijani by an Israeli airstrike. Larijani \u2014 a longtime architect of Iran\u2019s security policy \u2014 is the most senior regime member killed in the war after former supreme leader Ali Khamenei, to whom he was a close advisor. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel also <\/strong><strong><a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/iran-iraq-us-israel-trump-march-17-2026-35d15d7cbcfa65fd7d180c28d38e7f31\" style=\"\">killed<\/a><\/strong><strong> General Gholam Reza Soleimani<\/strong>, the head of Iran\u2019s Revolutionary Guard\u2019s all-volunteer Basij \u2014 a paramilitary volunteer militia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, a top US counterterrorism official <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f3dad979-875e-4ee7-836c-264890d5df6b?syn-25a6b1a6=1\" style=\"\">resigned<\/a><\/strong><strong> over Washington\u2019s war on the <\/strong><strong>Islamic Republic. <\/strong>Joe Kent \u2014 the director of the US National Counterterrorism Center \u2014 stepped down yesterday, <a target=\"_blank\" href=\"https:\/\/x.com\/joekent16jan19\/status\/2033897242986209689\" style=\"\">claiming that<\/a> \u201cIran posed no imminent threat to [the US]\u201d and attributed the operation to \u201cpressure from Israel and its powerful American lobby.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The war has sent US gas prices beyond USD 3.75 a gallon for the first time since October <\/strong><strong>2023<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/us-gasoline-prices-soar-past-375-gallon-middle-east-war-rages-2026-03-17\/\" style=\"\">Reuters<\/a> reports, citing data by fuel price tracker GasBuddy. <\/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\"> Circle your calendar<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/energy\/\">ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/gulf-war\/\">Gulf war<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/india-gcc-corridor\/\">India-GCC Corridor<\/a>\n      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class=\"\r\n                story-section            \"\r\n            id=\"87858\">\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\">THE BIG STORY TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/18\/india-taps-emergency-gas-funds-as-hormuz-tensions-disrupt-energy-flows\/\">\r\n                            Hormuz disruptions jolt through India\u2019s steel and pharma sectors                        <\/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 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<\/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\/2026\/03\/18\/india-taps-emergency-gas-funds-as-hormuz-tensions-disrupt-energy-flows\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1001.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87859\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/18\/india-taps-emergency-gas-funds-as-hormuz-tensions-disrupt-energy-flows\/1001-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1001.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1001.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1001.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1001.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87858\" class=\"content-area-description single-story post-87858 post type-post status-publish format-standard has-post-thumbnail hentry category-the-big-story-today tag-enterpriseam-india tag-hormuz tag-jsw tag-pharma tag-steel tag-the-big-story-today wpautop entry\">\n\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\"> <strong>Escalating disruptions in the Strait of Hormuz have triggered a widening energy crisis across India, <\/strong>slashing domestic LPG sales by over 17% in early March and threatening to paralyze key industrial sectors ranging from steel and pharma to fertilizer production. The Indian government is tapping an INR 60 bn contingency fund to secure emergency gas supplies and prevent a collapse in fertilizer manufacturing.<\/p>\n<p class=\"tag-border-left\"> India\u2019s LPG sales drop on Hormuz disruptions<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Liquified petroleum gas (LPG) sales in India slowed sharply in the first two weeks of March<\/strong> as supply constraints linked to disruptions in the Strait of Hormuz affected deliveries, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/indias-lpg-consumption-declines-due-shortages-wake-iran-war-2026-03-16\/\" style=\"\">Reuters<\/a> reports. State-owned fuel retailers \u2014 Indian Oil Corporation, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation \u2014 sold about 1.15 mn tonnes of LPG in the first half of the month, marking a 17.3% decline y-o-y and a 26.3% drop from the previous month. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>India depends on the Middle East for around 90% of its LPG imports, leaving supplies vulnerable to disruption along Gulf shipping routes. The government has diverted volumes away from industrial consumers to safeguard household availability. <\/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\"> Gas shortages hit JSW operations<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gas<\/strong><strong> shortages are beginning to disrupt operations at some steel plants of India-based metals conglomerate JSW Group<\/strong>, with one unit at risk of shutting down in the coming days, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/mounting-gas-shortages-disrupt-some-steel-plants-indias-jsw-one-unit-may-face-2026-03-16\/\" style=\"\">Reuters<\/a> reports, citing an internal company note. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Limited fuel is starting to affect plant operations.<\/strong> JSW Steel Coated Products has flagged possible delays in meeting tinplate output targets under the government's production linked incentive program and sought extended deadlines to meet targets after the company received a force majeure notice from its supplier Petronet LNG. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Broader impact: <\/strong>Industry body Indian Steel Association warned that shortages of propane and LPG could affect steel MSMEs and their ancillary units. It is urging for faster and prioritized alternate sourcing.<\/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\">Propane shortage disrupts India pharma output<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Similar f<\/strong><strong>uel<\/strong><strong> shortages are beginning to disrupt pharmaceutical manufacturing, with units across key production hubs scaling back operations<\/strong> as propane supply tightens, <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/industry\/healthcare\/biotech\/pharmaceuticals\/india-pharma-production-hit-by-propane-shortage-vitamin-hormone-supply-at-risk\/articleshow\/129610214.cms\" style=\"\">Economic Times<\/a> reports. Factories in Gujarat, Maharashtra, Telangana and Andhra Pradesh are seeing output disruptions, particularly in segments such as paracetamol, vitamins and hormone-based medicines. Industry estimates indicate that up to 200 manufacturers could suspend production within 7-10 days, if fuel availability does not improve.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Production risk: <\/strong>Industry stakeholders have flagged that prolonged shortages could begin to affect output of bulk drugs and injectables, as core processes such as steam generation and temperature-controlled manufacturing cycles face interruptions. The disruption also raises risks for supply continuity in global pharmaceutical markets that depend on Indian manufacturers.<\/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\">Tapping war-chest to secure fertilizer output <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refiners are moving to secure additional LNG from the spot market through an INR 6 bn (USD 72 mn) contingency fund <\/strong>as gas supplies to fertilizer plants come under strain, <a target=\"_blank\" href=\"https:\/\/www.business-standard.com\/industry\/agriculture\/india-plans-600-crore-war-chest-to-boost-lng-supply-for-fertiliser-units-126031701149_1.html\" style=\"\">Business Standard<\/a> reports. The intervention is aimed at preventing a sharper drop in urea output, with gas availability projected could fall from the committed 70% level to around 50%, if disruption persists. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Supply stress: <\/strong>Some fertilizer units have advanced timelines for maintenance related pauses or cut operating rates due to limited gas supply. The government has redirected producers to prioritize urea output by diverting available ammonia to fertilizer production ahead of the summer sowing season, which accounts for a large share of annual crop production.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cost pressure: <\/strong>Increased reliance on spot <a target=\"_blank\" href=\"https:\/\/www.thehindubusinessline.com\/economy\/agri-business\/india-may-have-to-bear-higher-subsidy-burden-paying-more-for-urea\/article70754516.ece\" style=\"\">LNG is raising input costs<\/a>, with prices crossing USD 20\/mmBtu. This could push up subsidy requirements for urea \u2014 which is sold at controlled prices \u2014 adding pressure to the INR 1.16 tn subsidy allocation for FY 2026-27 if elevated gas prices persist.<\/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\/hormuz\/\">Hormuz<\/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\/pharma\/\">pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/steel\/\">Steel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/the-big-story-today\/\">THE BIG STORY 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=\"87860\" 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=\"87860\">\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\/2026\/03\/18\/phonepe-pulls-back-as-jio-presses-ahead-with-ipo-plans\/\">\r\n                            India IPO pipeline splits as PhonePe pauses, Jio readies filing                        <\/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\/2026\/03\/18\/phonepe-pulls-back-as-jio-presses-ahead-with-ipo-plans\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/x.com\/intent\/post?text=PhonePe pulls back as Jio presses ahead with IPO plans&url=https:\/\/enterpriseam.com\/mena-india\/2026\/03\/18\/phonepe-pulls-back-as-jio-presses-ahead-with-ipo-plans\/\">\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\/2026\/03\/18\/phonepe-pulls-back-as-jio-presses-ahead-with-ipo-plans\/&title=PhonePe pulls back as Jio presses ahead with IPO plans\">\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=PhonePe+pulls+back+as+Jio+presses+ahead+with+IPO+plans+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2026%2F03%2F18%2Fphonepe-pulls-back-as-jio-presses-ahead-with-ipo-plans%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\/2026\/03\/18\/phonepe-pulls-back-as-jio-presses-ahead-with-ipo-plans\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/999.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87861\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/18\/phonepe-pulls-back-as-jio-presses-ahead-with-ipo-plans\/999-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/999.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"999.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/999.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/999.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87860\" class=\"content-area-description single-story post-87860 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-adia tag-capital-markets tag-enterpriseam-india tag-india-focus tag-ipo-watch tag-jio-platforms tag-reliance tag-walmart wpautop entry\">\n\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;text-align:left\"> <strong>India\u2019s primary market is witnessing a high-stakes split as geopolitical volatility and a 7% dip in benchmark indices force a reckoning for major listings.<\/strong> While Walmart-backed PhonePe has indefinitely shelved its IPO citing \u201cdampened investor appetite,\u201d Reliance Industries is moving in the opposite direction, with Jio Platforms preparing to file for what would be the largest initial offering in Indian history.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">\n<p class=\"tag-border-left\"> PhonePe pauses IPO plans amid market volatility<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Walmart<\/strong><strong> and QIA backed digital payments platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.phonepe.com\/\">PhonePe<\/a><\/strong><strong> has paused plans for an IPO<\/strong> as geopolitical tensions and volatility in global financial markets dampen investor appetite for new listings, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/walmart-backed-phonepes-india-pauses-ipo-plans-amid-geopolitical-tensions-market-2026-03-16\/\">Reuters<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Share sale:<\/strong> The listing had been targeting a valuation of up to INR 872 bn (USD 10.5 bn).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">The offering was expected to involve the sale of about 50.7 mn shares by existing investors including venture capital firm Tiger Global Management, Walmart and Microsoft. QIA, which <a target=\"_blank\" href=\"https:\/\/www.livemint.com\/companies\/start-ups\/phonepe-raises-350-mn-at-12-billion-valuation-11674153696332.html\">has previously participated<\/a> in the company\u2019s funding rounds, is not selling its stake for now. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gulf expansion: <\/strong>The company has incorporated PhonePe Middle East FZ-LLC in Dubai Media City, signalling plans to enter the Gulf payments market. The subsidiary has applied to the Central Bank of the UAE for licences covering retail payment services and stored-value facilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>What\u2019s next? <\/strong>PhonePe intends to revive the listing process once market conditions stabilize. India\u2019s benchmark stock index has declined roughly 7% since the conflict began. If completed, PhonePe\u2019s listing would rank among the largest fintech IPOs in India since 2021.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Market backdrop:<\/strong> The cautious environment has also weighed on India\u2019s primary market. Of the 11 companies that have gone public in India this year, seven are trading below their issue price. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">\n<p class=\"tag-border-left\"> Jio Platforms eyes March IPO filing<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gulf SWF backed<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.jio.com\/platforms\/\">Jio<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.jio.com\/platforms\/\">platforms<\/a><\/strong><strong> \u2014 the telecom unit of Indian conglomerate <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ril.com\/\">Reliance Industries<\/a><\/strong> <strong> \u2014 is preparing to file draft IPO papers by the end of March<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-17\/jio-tells-bankers-it-may-file-ipo-prospectus-as-early-as-march?srnd=phx-india-v2\">Bloomberg<\/a> reports, citing people familiar with the matter. This will be the largest listing in India\u2019s history. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gulf SWFs including <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/en\/news\/mubadala-invest-12b-usd-jio-platforms\">Mubadala<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.forbesindia.com\/article\/special\/abu-dhabi-investment-authority-partners-with-jio-for-116-stake\/59917\/1\">Abu Dhabi Investment Authority<\/a><\/strong><strong> are among Jio Platforms\u2019 investors<\/strong>, positioning them within the pool of shareholders eligible to participate in the proposed share sale.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Investor exit: <\/strong>The offering is expected to be structured largely as a secondary share sale by existing investors, with Jio planning to dilute around a <a target=\"_blank\" href=\"https:\/\/www.hindustantimes.com\/business\/reliance-accelerates-plans-for-jio-ipo-drhp-likely-in-the-next-2-3-weeks-101773804262424.html#google_vignette\">2.5% stake<\/a>. The final size and structure remain under discussion. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Lead advisors<\/strong>: Kotak Mahindra Capital and Morgan Stanley India are likely to take lead roles in the transaction, alongside a broader syndicate of domestic and international banks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Valuation range: <\/strong>Market expectations place the potential listing in the INR 8.3-10 tn (USD 100-120 bn) range, with some broker estimates indicating higher upside. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>What\u2019s next? <\/strong>The IPO could take place later in 2026, although the exact timing remains under discussion. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">\n<p class=\"tag-border-left\">ALSO IN IPOs-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Coal India subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cmpdi.co.in\/en\">Central Mine Planning &amp; Design Institute<\/a><\/strong><strong> (CMPDI) is seeking a valuation of about USD 1.33 bn as its IPO opens for subscription on Friday<\/strong>, at a time when investors have become more selective toward new listings in India, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/coal-india-unit-central-mine-planning-seeks-133-billion-valuation-ipo-opens-2026-03-16\/\">Reuters<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Key details: <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.chittorgarh.net\/reports\/ipo_notes\/cmpdil_rhp.pdf\">offer is priced<\/a> in a band of INR 163-172 per share and is expected to raise about INR 18.38 bn (USD 198.7 mn). At the upper end, the implied market capitalization is around INR 123 bn (USD 1.33 bn). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Advisors: <\/strong>IDBI Capital Markets &amp; Securities and SBI Capital Markets are acting as the book running lead managers to the issue, while KFin Technologies Limited is the registrar.<\/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\/adia\/\">Adia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/capital-markets\/\">CAPITAL MARKETS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/india-focus\/\">India Focus<\/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\/reliance\/\">Reliance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/walmart\/\">Walmart<\/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=\"87862\" 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=\"87862\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/18\/reliance-inks-usd-3-bn-green-ammonia-pact-with-samsung\/\">\r\n                            Reliance inks USD 3 bn green ammonia pact with Samsung !_StoryHedWeb_! Reliance lands 15-year green ammonia export pact with Samsung                        <\/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\/2026\/03\/18\/reliance-inks-usd-3-bn-green-ammonia-pact-with-samsung\/\" 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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<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\/2026\/03\/18\/reliance-inks-usd-3-bn-green-ammonia-pact-with-samsung\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/915.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87863\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/18\/reliance-inks-usd-3-bn-green-ammonia-pact-with-samsung\/915-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/915.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"915.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/915.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/915.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87862\" class=\"content-area-description single-story post-87862 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam-india tag-inflation tag-reliance-industries wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p> <\/span><\/p>\n<p class=\"tag-border-left\">Reliance inks USD 3 bn pact with Samsung <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Reliance<\/strong><strong> Industries has inked a USD 3 bn pact to supply green ammonia to South Korean conglomerate Samsung Group's construction &amp; trading arm <\/strong>under a 15-year contract, as per an <a target=\"_blank\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/kavinavora_16032026191546_SE_16032026.pdf\">exchange filing<\/a>. Deliveries are set to begin in the second half of FY 2029. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>The agreement ranks among the largest long-term green ammonia offtake pacts globally<\/strong>. Reliance stated the partnership will support its broader clean-energy ecosystem spanning solar modules, electrolyzers and battery storage, which is part of its USD 10 bn <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/reliances-green-energy-expansion-sparks-analyst-optimism-2025-07-21\/\">investment plan<\/a> to diversify beyond its traditional oil-to-chemicals business.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Sound smart<\/strong>: Green ammonia, produced using hydrogen generated from renewable electricity, is increasingly viewed as a scalable fuel and a transport medium for green hydrogen. Asian economies are increasingly seeking low-carbon fuels to decarbonize heavy industry and power generation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">\n<p class=\"tag-border-left\">WPI in February<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>India\u2019s<\/strong><strong> wholesale prices rose 2.13% y-o-y in February<\/strong>, accelerating from 1.8% in January and slightly exceeding economists\u2019 forecast of 2%, as per data from the <a target=\"_blank\" href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2240515&amp;reg=3&amp;lang=2\">Ministry of Statistics<\/a>. Fuel and power prices continued to provide a deflationary cushion, dropping 3.7% y-o-y in February.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Food prices edge higher: <\/strong>Wholesale food inflation rose to 1.8% y-o-y in February from 1.4% a month earlier. Vegetable prices increased 4.7% y-o-y, although the pace eased from January\u2019s 6.7% rise, indicating some moderation in price pressures. Prices of manufactured products \u2014 carrying the most weight in the Wholesale Price Index \u2014 rose 2.9% y-o-y in February, compared with 2.8% in January, suggesting steady cost pressures for producers.<\/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\/inflation\/\">Inflation<\/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=\"87864\" 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=\"87864\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/18\/insuring-the-boom-the-missing-piece-of-the-ai-infrastructure-puzzle\/\">\r\n                            The AI sector\u2019s latest challenge? Ins.                        <\/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\/2026\/03\/18\/insuring-the-boom-the-missing-piece-of-the-ai-infrastructure-puzzle\/\" 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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size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87865\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/18\/insuring-the-boom-the-missing-piece-of-the-ai-infrastructure-puzzle\/923-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/923.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"923.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/923.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/923.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87864\" class=\"content-area-description single-story post-87864 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 tag-tech wpautop entry\">\n\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\"> <strong>Building out the AI boom is one thing, but <\/strong><strong>insuring<\/strong><strong> it is another \u2014 and it\u2019s making lending in the sector more challenging.<\/strong> Lenders looking to fund multi-bn-USD, multi-GW AI projects are struggling to secure enough ins., the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5ba0cf1a-0d81-4479-a58c-3c8b5b088682\" style=\"\">Financial Times<\/a> reports. Blackstone and KKR are among those opting out of taking on AI-linked debt on the grounds of a lack of comprehensive coverage, the salmon-colored paper said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The risks: <\/strong>Data centers are vulnerable to a host of events, from natural disasters to possible disruptions to water and energy supplies. A 45-minute power outage alone could wipe out half a year\u2019s revenues, Parametrix\u2019s Jonathan Hatzor said. This, coupled with a lack of ins. coverage, is positioning funding data centers at a level of exposure that many investors are wary of taking on, especially as the lack of full coverage may become an issue when construction loans are set to be refinanced.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some developers have been trying to mitigate the risks<\/strong>, building out data centers in areas with more temperate weather patterns, but, as we\u2019re all too aware in our neck of the woods, it\u2019s hard to mitigate against geopolitical risks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hyperscalers aren\u2019t helping<\/strong>, with huge investments and large-scale projects driving up ins. costs. Megaprojects are often some of the most underinsured, Kirkland & Ellis partner Kimberly McGrath said. Meanwhile, Marsh broker Kate Fairhead noted that these projects distort the market by taking on more risk on their balance sheet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Current ins. mechanisms in place for under-construction projects are offering partial coverage.<\/strong> Meta\u2019s USD 30 bn data center campus in Louisiana has about USD 4 bn worth of coverage, Clifford Chance\u2019s Gianluca Bacchiocchi said. However, when it comes to high-profile projects with a lot of investor interest, potential backers have to accept a certain level of risk if they want to be involved.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The coverage conundrum isn\u2019t the only worry plaguing the sector<\/strong>, with fears continuing to spiral around <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/06\/ai-hype-intensifies-but-signs-of-a-bubble-burst-are-alarming\/\" style=\"\">a possible AI bubble<\/a>. Key AI firms have seen valuations surge, and investors have been throwing money at projects that have yet to deliver equivalent returns. Only 10% of agentic AI projects are seeing measurable returns, according to <a target=\"_blank\" href=\"https:\/\/www.deloitte.com\/nl\/en\/issues\/generative-ai\/ai-roi-the-paradox-of-rising-investment-and-elusive-returns.html\" style=\"\">Deloitte<\/a>. The <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/15\/imf-upgrades-global-growth-forecast-warns-of-tariffs-and-ai-bubble\/\" style=\"\">IMF has also recently warned<\/a> of growing AI investments, echoing the dot-com boom of the late 1990s. Despite this, Nvidia has recently posted revenues <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/technology\/2026\/feb\/25\/nvidia-quarterly-earnings-report-ai\" style=\"\">that beat expectations<\/a>, assuaging doubts somewhat.<\/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\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Asia-Pacific markets were mostly in the green in early trading this morning as investors await the Federal Reserve\u2019s decision later today \u2014 the central bank is widely expected to leave interest rates as they are. Similarly, US stocks are set to open in the green later today, with futures a sea of green.<\/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>Sensex<\/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\">76,803<\/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% (YTD: -9.7%)<\/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>NIFTY 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\">23,799<\/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% (YTD: -8.9%)<\/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>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\">9,651<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1% (YTD: -4.3%)<\/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\">5,658<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.7% (YTD: -6.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,946<\/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: +4.3%)<\/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>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\">46,910<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.8% (YTD: +12.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7,929<\/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: -4.08%)<\/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>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\">10,529<\/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\">+1.3% (YTD: -3.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,716<\/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: -1.8%)<\/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>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\">10,425<\/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: +4.7%)<\/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>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\">5,815<\/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\">+0.8% (YTD: -0.3%)<\/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>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 103<\/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>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 2.93<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-3.1% <\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 4,993<\/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-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>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 74,195<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% <\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The values in the table above are listed according to the market position as of 3:30pm IST \/ 2pm GST.<\/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\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/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=\"87866\" 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\/2026\/03\/18\/87866\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87866\" class=\"content-area-description single-story post-87866 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;\">MARCH<\/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 Ul-Fitr.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-25 March (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/indiasoft.org\/delegates-registration\/\" style=\"\">Indiasoft 2026: International IT Exhibition & Conference<\/a><\/span><span style=\"font-weight:400;\">, New Delhi<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/plastiworld.org\/\" style=\"\">PLASTIWORLD India<\/a><\/span><span style=\"\"> 2026, Jio World <\/span><span>Convention<\/span><span style=\"font-weight:400;\"> Centre, Mumbai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">27-29 March (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/apac01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fmail.mgovcloud.in%2Fzm%2FreUrlCheck.do%3Furl%3Dhttp%253A%252F%252Fwww.vizagintexpo.in%252F%26uvd%3D080112bf019b3c3f5b8d96772623e66cf60000c79a89ab28c11ccba178e8a753851db6fed31ba243a1dce82b128c3893a0a8593dd6aee53890ac9756b8795f5cfe1e3223b8ad1e21ae6e0ba26b7e90543d55541dc4096cdb12508b2e892f860c344d016e75a03d41fd6da8afb4d8b0b6fd45f5c083307822a56e9d45023ec776f52e5d9b5c3295adcad4c606d60d1cca7655b48b5398d9ae22b6654aebab9533273d12b69c8d7b712f7342331907331733664b8195e14a1435d3fee95933dc2d687134a1&data=05%7C02%7C%7Ca6447a33cc6141c1fbb108de4f87e40d%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C639035643470650078%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=TDs0uM0jg0dex4dulvpci2FDajNE7VTxVYhHk6N94Jw%3D&reserved=0\" style=\"\">Vizag International SME Business Expo<\/a><\/span><span style=\"\">, <\/span><span style=\"\"><a href=\"https:\/\/www.hcindiatz.gov.in\/wn-10-01-2026-02.php\" style=\"\">Visakhapatnam, Andhra Pradesh.<\/a><\/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.<\/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.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-8 April (Monday-Wednesday): Reserve Bank of India\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=62261\" style=\"\">Monetary Policy Committee Meeting<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-10 April (Tuesday-Friday), <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.indiarubberexpo.in\/\" style=\"\">India Rubber Expo 2026<\/a><\/span><span style=\"font-weight:400;\">, ITPO, Pragati Maidan, Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-17 April (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.entrepreneurindia.com\/techshow\" style=\"\">Entrepreneur Tech & Innovation Summit 2026<\/a><\/span><span style=\"font-weight:400;\">, Bengaluru.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22-24 April (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.renewx.in\/\" style=\"\">RenewX 2026<\/a><\/span><span style=\"font-weight:400;\">, Chennai Trade Centre, Chennai.<\/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 2025<\/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 2026<\/a><\/span><span style=\"font-weight:400;\">, Yashobhoomi, Dwarka, Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span 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>29 April-2 May (Wednesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bharatbuildcon.com\/\" style=\"\">Bharat Buildcon 2026<\/a><\/span><span style=\"font-weight:400;\">, Yashobhoomi, Dwarka, Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1 May (Friday): Buddha Purnima.<\/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 Ul-Adha.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-25 June (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/homelandsecurityexpo.in\/datesvenue.php#\" style=\"\">India Homeland Security Expo 2026<\/a><\/span><span style=\"font-weight:400;\">, Bharat Mandapam, Pragati Maidan, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 June (Friday): Muharram.<\/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 2026<\/a><\/span><span style=\"font-weight:400;\">, Brussels, Belgium.<\/span><\/li>\n<li><span>India to host the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.brics2026.gov.in\/\" style=\"\">BRICS Summit<\/a><\/span><span style=\"font-weight:400;\">. <\/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;\">JULY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-3 July (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/seafoodexpobharat.com\/index\" style=\"\">Seafood Expo Bharat 2026<\/a><\/span><span style=\"font-weight:400;\">, Chennai Trade Centre, Chennai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-4 July (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.railtransexpo.com\/\" style=\"\">Rail & Transit Expo (RailTrans) 2026<\/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>8-10 July (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/indiaesa.info\/events\/ongoing-upcoming-events\/india-energy-storage-week-iesw-2026-international-conference-expo\" style=\"\">India Energy Storage Week 2026<\/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>14-17 July (Tuesday-Friday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bharat-tex.com\/\" style=\"\">Bharat Tex 2026<\/a><\/span><span style=\"font-weight:400;\">, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: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.<\/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.<\/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;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-3 September (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.google.com\/aclk?sa=L&pf=1&ai=DChsSEwjR1K6gpvGSAxU_pGYCHQZsAUYYACICCAEQABoCc20&co=1&ase=2&gclid=CjwKCAiAkvDMBhBMEiwAnUA9BXlzJ_51NnncbXFGJPknsl9U8fuH_2DYylYR6Njl1Wiro3vTSETD5xoCGwwQAvD_BwE&cid=CAASWeRoxAKDvnN10uiAgADiP_tr-86MYgXL7w9NjAhW4jdTGhvec5zS3oLBMjYOXZ64qxxGvmWVO_5G_EzEFZoHOVFiOomp4ms3w-qvO03Ts6UmEToguhBh-lrZ&cce=2&category=acrcp_v1_32&sig=AOD64_1xqDEmbs2G1Mj41_lmIhdI16_KWQ&q&nis=4&adurl=https:\/\/www.powergen-india.com\/?utm_term%3Dindia%2520energy%2520week%25202026%26utm_campaign%3DWebsite%2Btraffic-Search-Middle%2BEast%26utm_source%3Dadwords%26utm_medium%3Dppc%26hsa_acc%3D1807191727%26hsa_cam%3D22568575893%26hsa_grp%3D190514884962%26hsa_ad%3D784973768390%26hsa_src%3Dg%26hsa_tgt%3Dkwd-2400878034891%26hsa_kw%3Dindia%2520energy%2520week%25202026%26hsa_mt%3Db%26hsa_net%3Dadwords%26hsa_ver%3D3%26utm_term%3Dindia%2520energy%2520week%25202026%26utm_campaign%3DWebsite%2Btraffic-Search-Middle%2BEast%26utm_source%3Dadwords%26utm_medium%3Dppc%26hsa_acc%3D1807191727%26hsa_cam%3D22568575893%26hsa_grp%3D190514884962%26hsa_ad%3D784973768390%26hsa_src%3Dg%26hsa_tgt%3Dkwd-2400878034891%26hsa_kw%3Dindia%2520energy%2520week%25202026%26hsa_mt%3Db%26hsa_net%3Dadwords%26hsa_ver%3D3%26gad_source%3D1%26gad_campaignid%3D22568575893%26gbraid%3D0AAAAADNNyGn8-eBzAmsh-acyTdAdwavkR%26gclid%3DCjwKCAiAkvDMBhBMEiwAnUA9BXlzJ_51NnncbXFGJPknsl9U8fuH_2DYylYR6Njl1Wiro3vTSETD5xoCGwwQAvD_BwE&ved=2ahUKEwilpKOgpvGSAxVzg2MGHXWoGhYQ0Qx6BAgfEAE\" style=\"\">India Energy Week<\/a><\/span><span style=\"font-weight:400;\">, Dwarka, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-11 September (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.globalfintechfest.com\/\" style=\"\">Global Fintech Fest 2026<\/a><\/span><span style=\"font-weight:400;\">, Mumbai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-19 September (Thursday-Saturday) : <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.semiconindia.org\/\" style=\"\">Semicon India Conference 2026<\/a><\/span><span style=\"font-weight:400;\">, Yashobhoomi, 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;\">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 (Mahatma Gandhi\u2019s Birthday).<\/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.<\/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.<\/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 2026<\/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.<\/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 2H 2026:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Monsoon Session of Parliament, New Delhi is expected to be held between July-August. Dates yet to be announced.<\/span><\/li>\n<li><span style=\"font-weight:400;\">Reserve Bank of India\u2019s Monetary Policy Committee meeting for the September cycle. Dates yet to be announced.<\/span><\/li>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.indiamobilecongress.com\/\" style=\"\">India Mobile Congress 2026<\/a><\/span><span style=\"font-weight:400;\">, New Delhi will likely be held in October. Dates yet to be announced.<\/span><\/li>\n<\/ul>\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>Diplomacy with Iran continues | ENBD may get a second chance at IDBI Bank | War hits IPO market<\/p>\n","protected":false},"featured_media":87855,"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-87854","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"532e953c-509d-447a-a839-a3d5d2762ca9","teaser":"Diplomacy with Iran continues | ENBD may get a second chance at IDBI Bank | War hits IPO market","photo_url":"https:\/\/ent.news\/2026\/3\/1005.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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