{"id":88013,"date":"2026-03-25T00:00:00","date_gmt":"2026-03-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/?post_type=issue&#038;p=88013"},"modified":"2026-03-25T10:25:24","modified_gmt":"2026-03-25T10:25:24","slug":"modi-readies-india-for-economic-fallout","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/mena-india\/issues\/modi-readies-india-for-economic-fallout\/","title":{"rendered":"Modi readies India for economic fallout"},"content":{"rendered":"<section id=\"88015\" 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=\"88015\">\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\/25\/this-afternoon-india-dismisses-hormuz-transit-levy-claims-uae-gold-quota-extended\/\">\r\n                            India denies paying Hormuz levy; extends UAE gold quota                        <\/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\/25\/this-afternoon-india-dismisses-hormuz-transit-levy-claims-uae-gold-quota-extended\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/this-afternoon-india-dismisses-hormuz-transit-levy-claims-uae-gold-quota-extended\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/this-afternoon-india-dismisses-hormuz-transit-levy-claims-uae-gold-quota-extended\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS AFTERNOON: India dismisses Hormuz transit levy claims; 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Also, Indian equities rebounded significantly on hopes of the conflict concluding soon.<\/p>\n<p class=\"tag-border-left\">Watch this space<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt1\"><\/a> <strong>LOGISTICS \u2014 <\/strong><strong>India<\/strong><strong> and Iran shut down rumors of a USD 2 mn <\/strong><strong>Hormuz transit toll:<\/strong> India\u2019s Shipping Ministry firmly rejected reports that India-bound vessels transiting the Strait of Hormuz will be subjected to a transit levy, <a href=\"https:\/\/www.business-standard.com\/economy\/news\/no-levy-on-strait-of-hormuz-transit-claims-baseless-shipping-ministry-126032401477_1.html\" target=\"_blank\" rel=\"noopener\">Business Standard<\/a> reports.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Where did the rumor come from?<\/strong> Media reports recently quoted Iranian lawmaker Alaeddin Boroujerdi as saying that merchant vessels were being charged USD 2 mn for safe passage through the conflict-hit region.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The official line:<\/strong> The Iranian Embassy in India quickly moved to quash the rumors on Monday, saying in a <a href=\"https:\/\/x.com\/Iran_in_India\/status\/2036014063600427042?s=20\" target=\"_blank\" rel=\"noopener\">statement<\/a> that the lawmaker\u2019s comments were \u201cunfounded.\u201d The mission clarified that the statements reflected personal views and did not represent the official position of Iran. A senior Indian official in the Ministry of Shipping reaffirmed that the critical maritime chokepoint is governed by international conventions ensuring freedom of navigation and called the reports about the levy \u201cbaseless.\u201d<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>More Indian vessels transiting Hormuz soon? <\/strong>The Indian government is seeking clearance for six more Liquified Petroleum Gas (LPG) carriers. However, Indian authorities have not given any details on when the ships will start sailing. Last week, we <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/18\/this-afternoon-india-eyes-clearance-for-six-lpg-carriers-as-hormuz-tensions-escalate\/\" target=\"_blank\" rel=\"noopener\">reported<\/a> that India had stepped up its diplomatic efforts for the passage of tankers carrying 270k tonnes of LPG through the strait. As of today, at least four India-bound vessels have managed to cross Hormuz following high-level diplomatic talks, while 22 others remain stranded at sea.<\/p>\n<hr style=\"height: 2px;border-width: 0;color: gray;background-color: gray\" \/>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt2\"><\/a> <strong>TRADING<\/strong><strong> \u2014 India extends UAE gold imports quota amid trade disruptions: <\/strong>India has extended the validity of low tariff rate quota authorizations for gold imports from the UAE until 30 June from its original 31 March deadline, <a href=\"https:\/\/www.reuters.com\/world\/india\/india-extends-uae-gold-import-authorisations-june-30-2026-03-24\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a> reports, citing India\u2019s Foreign Trade Directorate General.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>What this means: <\/strong>The measure falls under the UAE-India CEPA and will be automatically applied to all authorizations issued in FY 2025-26. Importers won\u2019t have to submit new applications or pay additional fees.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>IN CONTEXT- <\/strong>Gold supply chains are among the many that have been disrupted by the war. Earlier in the conflict, there were <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/09\/this-morning-regional-oil-players-slash-production-amid-hormuz-closure-airspace-opens-up-over-the-weekend\/\" target=\"_blank\" rel=\"noopener\">reports of rerouting gold flows<\/a> to other refinery destinations further out of the direct line of fire. However, rerouting is likely to come with a heftier price tag, which could help Dubai remain a top pick for refining.<\/p>\n<p class=\"tag-border-left\">Data point<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>USD<\/strong><strong> 26.18 bn \u2014 that\u2019s the value of India\u2019s gems and jewelry exports in FY 2026<\/strong><strong> up to February. <\/strong>The UAE has overtaken the US as the largest export market for India, accounting for 32.7% of total exports. Nearly half of India\u2019s gems and precious stones come from the Emirates, while 23% of its gold comes from there.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Middle East conflict threatens India\u2019s jewelry exports:<\/strong> The sector is already struggling to keep its head above water following the imposition of US tariffs, with overall export growth flatlining in FY 2026 compared to the previous fiscal year.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">Get <b style=\"font-weight: bold\">Enterprise<\/b> daily<\/h4>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p><a class=\"btn-green px-3 d-flex align-items-center\" href=\"\/egypt\/en\/user\/NewsLetters\" target=\"_blank\" rel=\"noopener\">Subscribe here<\/a><\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>***<\/strong>YOU\u2019RE READING EnterpriseAM MENA &lt;&gt; 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;text-align: left\"><strong>Were you forwarded this briefing? <\/strong><a href=\"https:\/\/enterpriseam.com\/mena-india\/newsletters\/\" target=\"_blank\" rel=\"noopener\">Tap or click here to sign up without charge for your own<\/a><a href=\"https:\/\/enterpriseam.com\/mena-india\/newsletters\/\" target=\"_blank\" rel=\"noopener\">copy.<\/a> <strong>***<\/strong><\/p>\n<p class=\"tag-border-left\">Sign of the Times<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt3\"><\/a> <strong>DIPLOMACY \u2014 <\/strong><strong>US<\/strong><strong> President Donald Trump and Prime Minister Narendra Modi discussed the war <\/strong><strong>a<\/strong>nd its impact on energy flows through the Strait of Hormuz, according to a <a href=\"https:\/\/x.com\/narendramodi\/status\/2036433142815523128?s=20\" target=\"_blank\" rel=\"noopener\">post on X<\/a>. Modi emphasized that the critical maritime chokepoint must remain \u201copen, secure, and accessible\u201d to ensure global economic stability.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Ruffling feathers in New Delhi: <\/strong>The conversation marks their <a href=\"https:\/\/www.thehindu.com\/business\/temasek-backed-manipal-health-files-drhp-with-sebi-to-raise-8000-cr-viaipo\/article70780169.ece\" target=\"_blank\" rel=\"noopener\">first known exchange<\/a> since the war began. India\u2019s archrival, Pakistan, has begun positioning itself as a potential diplomatic broker between Washington and Tehran to help de-escalate the ongoing hostilities. Islamabad\u2019s sudden emergence as a diplomatic go-between is causing unease in some circles in India. Indian analyst Brahma Chellaney has dubbed the call between Modi and Trump as \u201cdamage control\u201d in a <a href=\"https:\/\/x.com\/Chellaney\/status\/2036698484729143659\" target=\"_blank\" rel=\"noopener\">post on X<\/a>, adding that Trump is undermining his \u201cfriend\u201d Modi.<\/p>\n<p class=\"tag-border-left\">The big story abroad<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>In what would be a major escalation, the Pentagon is reportedly <\/strong><strong><a href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-expected-send-thousands-soldiers-middle-east-sources-say-2026-03-24\/\" target=\"_blank\" rel=\"noopener\">expected to dispatch<\/a><\/strong> <strong> thousands of soldiers to the region <\/strong>and potentially inside Iranian territory. The number of troops reportedly ranges <a href=\"https:\/\/www.nytimes.com\/live\/2026\/03\/24\/world\/iran-war-trump-oil\" target=\"_blank\" rel=\"noopener\">from 2k<\/a> to <a href=\"https:\/\/www.politico.com\/news\/2026\/03\/24\/pentagon-troops-deploy-middle-east-00841827?nid=0000018f-3124-de07-a98f-3be4d1400000&amp;nname=politico-toplines&amp;nrid=794399ed-a90f-431e-9017-3ab0288008d4\" target=\"_blank\" rel=\"noopener\">3k soldiers<\/a> from the US Army\u2019s Airborne Division.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Meanwhile, Iran says Strait of Hormuz is open:<\/strong> Tehran <a href=\"https:\/\/www.ft.com\/content\/71c3295a-531a-4fa8-86bc-964b5bb821e2\" target=\"_blank\" rel=\"noopener\">said<\/a> that \u201cnon-hostile vessels\u201d may transit the Strait of Hormuz \u201cin coordination with Iranian authorities,\u201d in a letter to International Maritime Organization members. That said, some 3.2k vessels remain stuck in the Arabian Gulf, seemingly unwilling to brave the waterway yet.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Mediators from Egypt, Turkey, and Pakistan want to set up talks between the US and Iran <\/strong><strong>by Thursday<\/strong>, though a diplomatic divide remains between Washington and Tehran, the <a href=\"https:\/\/www.wsj.com\/livecoverage\/iran-war-us-israel-news-updates-2026?mod=WSJ_home_mediumtopper_pos_1\" target=\"_blank\" rel=\"noopener\">Wall Street Journal<\/a> reports.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>And in the world of AI: <\/strong>ChatGPT maker OpenAI <a href=\"https:\/\/x.com\/soraofficialapp\/status\/2036546752535470382\" target=\"_blank\" rel=\"noopener\">is shuttering<\/a> its video generation offering Sora just six months after its debut <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-24\/openai-plans-to-discontinue-support-for-sora-ai-video-generator\" target=\"_blank\" rel=\"noopener\">in a bid to streamline<\/a> its products. The company positioned the program as a means to create lifelike AI-generated videos within a community-focused environment. Available on the Apple App Store without charge, Sora has seen its popularity decline since its debut.<\/p>\n<p class=\"tag-border-left\">Market watch<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>CAPITAL<\/strong><strong> MARKETS \u2014 <\/strong><strong>Hope of US-Iran diplomacy is breathing life into<\/strong><strong> Indian markets: <\/strong><a href=\"https:\/\/www.reuters.com\/world\/india\/indian-shares-set-open-higher-us-pushes-iran-ceasefire-plan-2026-03-25\/\" target=\"_blank\" rel=\"noopener\">India\u2019s benchmark indices surged on Wednesday<\/a> following reports that the US has pitched a 15-point plan to Tehran for a month-long ceasefire, raising optimism that the conflict could soon see a de-escalation.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The numbers:<\/strong> The Nifty 50 climbed 2.2% while the BSE Sensex added 2.1% by mid-day trading. The two indices have declined up to 8% in the last 30 days. If the momentum holds, it will mark the second consecutive day of gains for the benchmarks. The rally was broad-based, with 15 of the 16 major sectors trading in the green.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The conflict-driven volatility has taken a heavy toll on foreign investment in recent weeks.<\/strong> Foreign investors have dumped a staggering USD 11.3 bn worth of Indian equities so far in March, setting the stage for the highest monthly sell-off on record.<\/p>\n<p class=\"tag-border-left\">Circle your calendar<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;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\/crude\/\">Crude<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/gold-trade\/\">Gold trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/india-iran\/\">India-Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/india-uae-cepa\/\">India-UAE CEPA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/indian-equities\/\">Indian equities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88017\" 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=\"88017\">\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\/25\/modi-reassures-markets-on-fuel-buffers-as-war-fallout-hits-indias-growth-and-manufacturing\/\">\r\n                            Modi urges calm as Iran conflict bites, but economic cracks begin to show                        <\/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\/25\/modi-reassures-markets-on-fuel-buffers-as-war-fallout-hits-indias-growth-and-manufacturing\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/modi-reassures-markets-on-fuel-buffers-as-war-fallout-hits-indias-growth-and-manufacturing\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/modi-reassures-markets-on-fuel-buffers-as-war-fallout-hits-indias-growth-and-manufacturing\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Modi reassures markets on fuel buffers as war fallout hits India\u2019s growth and manufacturing&url=https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/modi-reassures-markets-on-fuel-buffers-as-war-fallout-hits-indias-growth-and-manufacturing\/\">\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\/25\/modi-reassures-markets-on-fuel-buffers-as-war-fallout-hits-indias-growth-and-manufacturing\/&title=Modi reassures markets on fuel buffers as war fallout hits India\u2019s growth and manufacturing\">\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=Modi+reassures+markets+on+fuel+buffers+as+war+fallout+hits+India%E2%80%99s+growth+and+manufacturing+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2026%2F03%2F25%2Fmodi-reassures-markets-on-fuel-buffers-as-war-fallout-hits-indias-growth-and-manufacturing%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\/25\/modi-reassures-markets-on-fuel-buffers-as-war-fallout-hits-indias-growth-and-manufacturing\/\">\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=\"88018\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/modi-reassures-markets-on-fuel-buffers-as-war-fallout-hits-indias-growth-and-manufacturing\/1003-jpg-5\/\" 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-88017\" class=\"content-area-description single-story post-88017 post type-post status-publish format-standard has-post-thumbnail hentry category-the-big-story-today tag-economy tag-energy-security tag-enterpriseam-india tag-goldman-sachs tag-india-gdp tag-pmi 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;text-align:left\"> <strong>Prime Minister Narendra Modi is looking to calm market jitters over fuel supplies<\/strong> as the economic shockwaves from the regional war begin to ripple through the Indian economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>The war has created \u201cunprecedented economic, national security, and humanitarian pressures\u201d for India<\/strong>, he told the <a target=\"_blank\" href=\"https:\/\/x.com\/narendramodi\/status\/2035997710172733637?s=20\">parliament<\/a>, while cautioning that the adverse effects of the war will last for a prolonged period. He compared the scale of the upcoming challenges to the COVID-19 pandemic and urged national and state authorities to tackle them in tandem.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Modi highlighted that strong macroeconomic fundamentals are able to withstand the challenges<\/strong>, while noting that the government has made arrangements to secure energy and fertilizer supplies to deal with the shortages. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Buffering shocks: <\/strong>India currently holds about 5.3 mn tonnes of strategic crude reserves and is working to expand capacity to 6.5 mn tonnes, Modi said while highlighting the diplomatic efforts to secure passage of India-bound cargo through the Strait of Hormuz. India has diversified its energy import base from <a target=\"_blank\" href=\"https:\/\/www.fortuneindia.com\/india\/india-expands-energy-import-base-to-41-nations-pm-modi-flags-concerns-over-west-asia-crisis\/131504#google_vignette\">27 to 41<\/a> countries over the past 11 years, while scaling up domestic buffers including higher <a target=\"_blank\" href=\"https:\/\/thewire.in\/government\/modi-warns-of-unprecedented-challenges-from-iran-war-signals-long-term-impact\">ethanol blending<\/a>, renewable energy capacity, and coal output, he said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Counterview: <\/strong>Despite these assurances, India\u2019s crude reserves of 5.3 mn tonnes are enough to cover five days of demand at current levels, according to the <a target=\"_blank\" href=\"https:\/\/sansad.in\/getFile\/loksabhaquestions\/annex\/187\/AU3433_fhovaO.pdf?source=pqals\">government's own admission<\/a>. India's crude imports were already down about <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/industry\/energy\/oil-gas\/strategic-oil-reserves-64-full-may-last-about-5-days\/articleshow\/129761125.cms\">23% y-o-y<\/a> between 1 and 18 March. A prolonged conflict will impact India\u2019s growth forecast, increase inflation and further reduce the value of the INR. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">\n<p class=\"tag-border-left\">Impact on growth <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>India\u2019s<\/strong><strong> GDP forecast slashed: <\/strong>Goldman Sachs has cut its 2026 growth forecast for India by 60 bps to 5.9%, marking the first major downward revision by a global agency since the Middle East conflict began. The firm had already trimmed its pre-war projection of 7% down to 6.5% on 13 March, but increased concerns over energy availability have forced a deeper cut, <a target=\"_blank\" href=\"https:\/\/www.thehindubusinessline.com\/economy\/goldman-sachs-slashes-indias-growth-forecast-for-cy26-by-60-bps-to-59\/article70778975.ece\">Hindu Businessline<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>The pattern: <\/strong>The change in forecast is driven by rising oil prices and increased energy supply disruption through Hormuz. The bank expects India\u2019s inflation to expand to 4.6%, up from its earlier projection of 3.9% for 2026. It also expects the central bank to hike the repo rate by 50 bps to offset inflationary pressures posed by a deprecating INR, which has fallen 4% against the USD this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">\n<p class=\"tag-border-left\">PMI at a three-year low<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>India\u2019s<\/strong><strong> private sector expanded at its weakest pace in over three years in March<\/strong> as price shocks from the US-Israeli war on Iran dampened domestic demand, according to <a target=\"_blank\" href=\"https:\/\/www.pmi.spglobal.com\/Public\/Home\/PressRelease\/347e54bef3694c41ba7d5425d585d7ef\">HSBC India\u2019s Manufacturing Purchasing Managers\u2019 Index<\/a>. The preliminary PMI slumped to 56.5 this month, falling well below the median forecast of 59.0 and dropping from February\u2019s reading of 58.9. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Manufacturing took the hardest hit:<\/strong> The manufacturing output was at its lowest rate in over four years as the regional war stoked market instability, rising input costs, and consumer uncertainty. The services industry, which contributes to a major part of India\u2019s GDP, also declined, with its PMI easing to 57.2 from 58.1 in February.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Inflationary pressures are mounting:<\/strong> Input costs for oil, energy, food, aluminum, steel, and chemicals rose at their fastest pace since June 2022, highlighting the growing fallout from the war. \u201cCost pressures intensified, but companies are absorbing part of the increase by squeezing margins,\u201d HSBC's chief India economist Pranjul Bhandari said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/energy-security\/\">Energy Security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/goldman-sachs\/\">Goldman Sachs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/india-gdp\/\">India GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/pmi\/\">PMI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"88019\" 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=\"88019\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/reliance-snaps-up-iranian-crude-as-india-races-to-expand-domestic-gas-infrastructure\/\">\r\n                            Reliance breaks the ice on Iranian crude                        <\/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\/25\/reliance-snaps-up-iranian-crude-as-india-races-to-expand-domestic-gas-infrastructure\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The purchase marks India\u2019s first import of Iranian crude since May 2019, when imports were halted following the reimposition of US sanctions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The cargo was priced at a premium of about USD 7 \/ bbl to ICE Brent<\/strong> <strong>futures<\/strong>, implying an additional cost of roughly USD 35 mn. The US sanctions waiver applies to Iranian crude loaded on or before 20 March and discharged by 19 April, limiting eligible transactions to cargoes already in transit. The move comes as Indian refiners have been diversifying sourcing, including securing more than <a target=\"_blank\" href=\"https:\/\/www.business-standard.com\/economy\/news\/indian-refiners-buy-60-mn-barrels-of-russian-oil-for-april-amid-iran-war-126032500386_1.html\" style=\"\">60 mn barrels of Russian crude<\/a> for April delivery under a similar sanctions waiver.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our take: <\/strong>While other <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/mena-india\/am-edition\/#87969\" style=\"\">Indian refiners are also keen to buy Iranian Oil<\/a>, Reliance has shown agility in its purchases in recent weeks. It was among the first Indian refiners to pick up Venezuelan barrels after the US government allowed such sales. Reliance also picked up 6 mn barrels of Russian crude immediately after the US sanctions waiver. Reliance\u2019s complex refinery ecosystem allows it to process crude oil from varied sources, which aids its quick decision making. The conglomerate has also found a place in the good books of the Donald Trump administration with its partnership to set up a refinery complex in Texas. <\/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\"> Accelerating LPG storage and distribution infrastructure<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>India\u2019s<\/strong><strong> state-run energy marketing companies are moving to expand liquefied petroleum gas (LPG) storage<\/strong> as disruptions linked to the Iran conflict begin to strain supplies of cooking fuel, prompting a renewed focus on building buffer capacity, <a target=\"_blank\" href=\"https:\/\/www.thehindubusinessline.com\/economy\/as-west-asia-conflict-intensifies-omcs-to-push-for-more-lpg-storage-facilities\/article70776174.ece\" style=\"\">Hindu Businessline<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Storage build-out: <\/strong>Indian refiners and fuel retailers \u2014 including Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation \u2014 are assessing additional underground storage options, particularly cavern-based facilities, as part of efforts to reduce exposure to supply disruptions and shipping risks affecting LPG imports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Limited buffers:<\/strong> India\u2019s existing LPG cavern capacity is about 140k tonnes across facilities in Mangaluru and Visakhapatnam. With imports meeting roughly 60% of demand \u2014 a large share of which is sourced from the GCC \u2014 the current disruption has highlighted constraints in storage coverage for a fuel used by more than 300 mn households.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Stepping<\/strong><strong> in to accelerate natural gas pipelines:<\/strong> Amid the war, the government has unveiled a streamlined regulatory framework to speed up natural gas pipeline development, introducing time-bound approvals and a unified process to cut delays in infrastructure rollout, according to a <a target=\"_blank\" href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2244760&reg=3&lang=2#:~:text=The%20Government%20of%20India%2C%20through,the%20Essential%20Commodities%20Act%2C%201955.\" style=\"\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Clearing the path for expansion:<\/strong> The Ministry of Petroleum and Natural Gas has invoked its emergency powers, establishing a unified framework for laying, operating, and expanding pipelines. The primary goal is to speed up the construction of trunk pipelines and city gas distribution networks, ultimately driving the wider adoption of piped natural gas (PNG) across key sectors. To smooth the way, the framework scraps ad hoc levies, eases compliance burdens, and establishes clear compensation guidelines to minimize right-of-way disputes with landowners.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our take: <\/strong>While India is tapping alternative sources \u2014 from Iran to Russia \u2014 to bolster its crude oil supplies, its gas supplies remain vulnerable in the absence of reliable alternative sources. The Gulf region accounts for the bulk of India\u2019s LPG imports, leaving the availability of domestic cooking gas susceptible to disruptions in the Strait of Hormuz. The government and energy firms are now implementing much-needed long-term measures to brace for future impacts. However, these moves also indicate that the government's policy options are limited \u2014 without unhindered access to Hormuz, the crisis in gas markets is unlikely to be resolved.<\/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\/india-focus\/\">India Focus<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/oil\/\">oil<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/strait-of-hormuz\/\">Strait of hormuz<\/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=\"88021\" 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=\"88021\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/mubadala-backed-manipal-health-seeks-usd-1-17-bn-in-upcoming-ipo\/\">\r\n                            Mubadala-backed Manipal Health files IPO                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/mubadala-backed-manipal-health-seeks-usd-1-17-bn-in-upcoming-ipo\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/mubadala-backed-manipal-health-seeks-usd-1-17-bn-in-upcoming-ipo\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/mubadala-backed-manipal-health-seeks-usd-1-17-bn-in-upcoming-ipo\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Mubadala-backed Manipal Health seeks USD 1.17 bn in upcoming IPO&url=https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/mubadala-backed-manipal-health-seeks-usd-1-17-bn-in-upcoming-ipo\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/mubadala-backed-manipal-health-seeks-usd-1-17-bn-in-upcoming-ipo\/&title=Mubadala-backed Manipal Health seeks USD 1.17 bn in upcoming IPO\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Mubadala-backed+Manipal+Health+seeks+USD+1.17+bn+in+upcoming+IPO+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2026%2F03%2F25%2Fmubadala-backed-manipal-health-seeks-usd-1-17-bn-in-upcoming-ipo%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/mubadala-backed-manipal-health-seeks-usd-1-17-bn-in-upcoming-ipo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1186.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88022\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/mubadala-backed-manipal-health-seeks-usd-1-17-bn-in-upcoming-ipo\/1186-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1186.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1186.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1186.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1186.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88021\" class=\"content-area-description single-story post-88021 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-encube-ethicals tag-enterpriseam-india tag-healthcare tag-ipo-watch tag-ma tag-manipal-health 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>M<\/strong><strong>ubadala<\/strong><strong> Investment Company-backed Indian hospital operator Manipal Health Enterprises has filed draft papers for a USD 1.17 bn IPO<\/strong>, according to a regulatory <a target=\"_blank\" href=\"https:\/\/www.manipalhospitals.com\/assets\/pdf\/drhp-manipal-hospitals.pdf\" style=\"\">filing<\/a>. Mubadala, alongside two other funds, purchased a minority stake of 8% in Manipal Health from Singapore\u2019s SWF Temasek holdings in 2024 for an undisclosed amount. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Offer structure: <\/strong>The filing comprises a fresh issue of up to INR 80 bn (USD 852 mn) alongside an offer for sale of 43.2 mn shares by existing investors \u2014 Temasek, US private equity TPG, and Denmark\u2019s Novo Holdings. Mubadala will not be selling any of its stake during the IPO. Existing investors are putting some 320 mn worth shares for sale, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/temasek-backed-hospital-chain-manipal-health-files-india-ipo-2026-03-24\/\" style=\"\">Reuters<\/a> reports, citing unnamed sources. The company may also consider a pre-IPO placement of up to INR 16 bn (USD 190 mn), in consultation with the book running lead managers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Use of proceeds: <\/strong>Proceeds from the issue will be used to repay borrowings and fund the acquisition of hospital chain Sahyadri Hospital, valued at about USD 700 mn. The remainder will go toward general corporate purposes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who are they? <\/strong>Bengaluru-based Manipal Hospital is India\u2019s leading multi-speciality chain, operating 49 hospitals with 12k beds across India. It has expanded through acquisitions of other hospitals including Columbia Asia, AMRI Hospitals, and Medica Synergie, and is now eyeing Sahyadri Hospitals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisers: <\/strong>Kotak Mahindra Capital, Axis Capital, Goldman Sachs Securities, Jefferies India, JP Morgan India, UBS Securities India, and DBS Bank India are acting as book running lead managers to the issue, while KFin Technologies is the registrar. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market context:<\/strong> The filing comes as foreign investors have pulled over <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/temasek-backed-hospital-chain-manipal-health-files-india-ipo-2026-03-24\/\" style=\"\">USD 11 bn<\/a> from Indian equities so far in 2026 amid global risk-off sentiment.<\/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\">Coming up in the IPO pipeline: Encube Ethicals<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Failed<\/strong><strong> M&A to IPO: <\/strong>Mumbai-based pharma company Encube Ethicals is planning an IPO to raise USD 400 mn, after its efforts to sell a majority stake to a consortium led by Mubadala Investment Company and Warburg Pincus failed, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-24\/encube-ethicals-is-said-to-hire-banks-for-400-million-india-ipo?srnd=phx-india-v2\" style=\"\">Bloomberg<\/a> reports, citing sources in the know. Dubai\u2019s Gulf Islamic Investments and Singaporean private equity Quadria Capital hold a minority stake in Encube Ethicals, according to <a target=\"_blank\" href=\"https:\/\/tracxn.com\/d\/companies\/encubeethicals\/__Z75bPpcmPkjrlPaaUURsKZhG6RiQCG2ElBi5OXHl87w#about-the-company\" style=\"\">Traxcn<\/a>.<\/p>\n<p><strong>The Warburg-Mubadala duo <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/02\/11\/warburg-mubadala-in-the-lead-to-acquire-indian-pharma-encube-ethicals-at-usd-1-8-bn-valuation\/\" style=\"\">were frontrunners<\/a><\/strong><strong> to acquire a 74% stake in the company at a valuation of USD 1.8 bn<\/strong> <strong>last month <\/strong>\u2014 however, promoters and Quadria Capital were eyeing a USD 2 bn valuation. Quadria is keen to sell a part of its stake through the public offering, which explains the quick shift to the IPO plans, according to <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/markets\/ipos\/fpos\/encube-ethicals-stake-sale-on-hold-ipo-likely-by-2027\/articleshow\/129690057.cms?from=mdr\" style=\"\">Economic Times<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Onward to IPO: <\/strong>The pharma firm has appointed JM Financial and JPMorgan Chase as advisers for its listing and plans to enlist more banks in the coming days. The listing is expected in early 2027. <\/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\/encube-ethicals\/\">Encube Ethicals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/healthcare\/\">Healthcare<\/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\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/manipal-health\/\">Manipal Health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88023\" 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=\"88023\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/sk-minerals-eyes-saudi-asia-tie-ups-to-expand-exports\/\">\r\n                            SK Minerals eyes JVs in Saudi, Japan, South Korea to scale exports                        <\/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\/25\/sk-minerals-eyes-saudi-asia-tie-ups-to-expand-exports\/\" 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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Through these partnerships, the firm is seeking access to technical expertise and marketing support to meet international product standards while expanding exports to new markets in the Middle East, Europe, and the US.<\/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\/chemicals\/\">Chemicals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/india-mena-business\/\">India-MENA Business<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/industry\/\">industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88025\" 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=\"88025\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/business-activity-across-the-world-is-already-reeling-from-the-impacts-of-the-war\/\">\r\n                            War is casting a dark shadow over PMIs                        <\/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\/25\/business-activity-across-the-world-is-already-reeling-from-the-impacts-of-the-war\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/business-activity-across-the-world-is-already-reeling-from-the-impacts-of-the-war\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/business-activity-across-the-world-is-already-reeling-from-the-impacts-of-the-war\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Business activity across the world is already reeling from the impacts of the war&url=https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/business-activity-across-the-world-is-already-reeling-from-the-impacts-of-the-war\/\">\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\/25\/business-activity-across-the-world-is-already-reeling-from-the-impacts-of-the-war\/&title=Business activity across the world is already reeling from the impacts of the war\">\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=Business+activity+across+the+world+is+already+reeling+from+the+impacts+of+the+war+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2026%2F03%2F25%2Fbusiness-activity-across-the-world-is-already-reeling-from-the-impacts-of-the-war%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\/25\/business-activity-across-the-world-is-already-reeling-from-the-impacts-of-the-war\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1138.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88026\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/25\/business-activity-across-the-world-is-already-reeling-from-the-impacts-of-the-war\/1138-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1138.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1138.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1138.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1138.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88025\" class=\"content-area-description single-story post-88025 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-economy tag-enterpriseam-india tag-european-union tag-financial-markets tag-inflation tag-japan tag-planet-finance tag-uk 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>The proof is in the PMI: <\/strong>Purchasing Managers\u2019 Indexes across Europe and Asia for this month are the latest evidence of the global economic slowdown caused by the regional war, according to a spate of recent reports from across the world.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Private sector activity in the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/3\/1111.pdf\">eurozone (pdf)<\/a><\/strong><strong> dropped to a 10-month low in March<\/strong>, with the composite PMI falling to 50.5 from 51.9 in February, barely above the 50 threshold that separates growth from contraction. The reading fell short of economists polled by Reuters, who had <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2026\/03\/24\/euro-zone-pmi-staglation-risks-critical-energy-crunch-vdl-iran-war.html\">penciled in 51<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>A closer look: <\/strong>Manufacturing held up slightly better, but services are starting to stall. Some of the strength in manufacturing was chalked down to frontloading orders to beat future supply chain issues, which could lead to weaker data later on, S&amp;P director and economist Phil Smith told <a target=\"_blank\" href=\"https:\/\/www.morningstar.com\/news\/dow-jones\/202603242737\/european-asian-business-activity-slows-as-iran-war-ramps-up-uncertainty-2nd-update\">Morningstar<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Results are similarly bleak elsewhere:<\/strong> Australia\u2019s PMI saw a <a target=\"_blank\" href=\"https:\/\/financialpost.com\/news\/economy\/war-global-economy-dual-shock-growth-prices\">sudden contraction<\/a>, while business confidence in <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/3\/1113.pdf\">Japan (pdf)<\/a> dropped to its lowest level in nearly a year. <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/3\/1114.pdf\">India (pdf)<\/a> registered its weakest growth since 2022 as war-driven inflation bites, and <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/3\/1112.pdf\">the UK\u2019s (pdf)<\/a> private sector activity came in at its lowest level in six months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>As expected, energy volatility is primarily behind the results. <\/strong>Companies are reporting the fastest rise in input costs in three years, as attacks on oil infrastructure and the Strait of Hormuz disruption propel the energy sector into panic. Rising oil prices are pushing up costs for businesses, disrupting supply chains, and feeding through into inflation, with supplier delays also increasing sharply due to shipping disruptions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Yet again, it\u2019s another symptom of stagflation<\/strong> as slow economic growth colludes with inflation. The phenomenon has already <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/24\/the-regional-war-hits-the-international-bond-market\/\">hit the bond market<\/a>, wiping USD 2.5 tn off global bond values and making investors think twice about <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/16\/stagflation-rewrites-the-hedge-book-as-oil-breaks-old-safe-havens-2\/\">where to hedge their bets<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Where do we go from here? <\/strong>In short, everything depends on how long the war lasts. While indicators pointed to global growth gathering momentum pre-war, the conflict has turned predictions on their head, Director of Global Economics at Bloomberg Jamie Rush <a target=\"_blank\" href=\"https:\/\/financialpost.com\/news\/economy\/war-global-economy-dual-shock-growth-prices\">said<\/a>. Even if a ceasefire is agreed tomorrow, the damage is already done, with a European Central Bank <a target=\"_blank\" href=\"https:\/\/www.ecb.europa.eu\/press\/press_conference\/monetary-policy-statement\/2026\/html\/ecb.is260319~93b1cbad97.en.html\">statement<\/a> pointing to higher inflation risks and slower economic growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Asia-Pacific markets were a sea of green in early trading this morning, with Japan\u2019s Nikkei and South Korea\u2019s Kospi leading gains \u2014 both were up around 2.5% \u2014 as hopes that the US-Iran war will soon conclude drove the rally. <\/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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">75,381<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:138pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.7% (YTD: -11.4%)<\/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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">23,324<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:138pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.8% (YTD: -11.9%)<\/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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,707<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:138pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.9% (YTD: -2.8%)<\/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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,677<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:138pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+3.7% (YTD: -5.9%)<\/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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,083<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:138pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.2% (YTD: +5.4%)<\/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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"> 47,553<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:138pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.3% (YTD: +13.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">7,817<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:138pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: -5.8%)<\/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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,248<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:138pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9% (YTD: -4.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,556<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:138pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: -4.2%)<\/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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,067<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:138pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.03% (YTD: 0.3%)<\/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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,673<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:138pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.6% (YTD: -2.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 98<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:138pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-5.6% <\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.90 <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:138pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.3%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4,556<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:138pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+3.2% <\/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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\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-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:140.2pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 71,226<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-right-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:138pt\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% <\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;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\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/european-union\/\">European Union<\/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\/inflation\/\">Inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/japan\/\">Japan<\/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\/uk\/\">UK<\/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=\"88027\" 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\/25\/88027\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88027\" class=\"content-area-description single-story post-88027 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>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>Iranian oil in Reliance\u2019s basket | Mubadala-backed firm heads to IPO | Trump dials Modi<\/p>\n","protected":false},"featured_media":88014,"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-88013","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"37e82e9e-697b-4716-896b-d66b89b18842","teaser":"Iranian oil in Reliance\u2019s basket | Mubadala-backed firm heads to IPO | Trump dials Modi","photo_url":"https:\/\/ent.news\/2025\/11\/1994.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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