New Delhi, May 16 (IANS) The ongoing US-Iran tensions are imposing rising economic costs on China, exposing Beijing to mounting risks across energy supplies, trade flows and regional investments amid the escalating Gulf crisis, a report has said.The report by Iran International showed that China has expressed growing concern over disruptions to the Strait of Hormuz, a critical energy corridor through which nearly 45 per cent of its oil imports flow, even as it continues to maintain diplomatic su…
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Abu Dhabi, May 15 (IANS) Prime Minister Narendra Modi held a meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi on Friday, with the discussions centred on enhancing bilateral relations, particularly in the sectors of energy, trade and investment, the blue economy, technology, including fintech, defence, and fostering people-to-people connections. The two leaders also discussed the developments in West Asia and other global issues.In a post on X, Ministry of External Affai…
Beijing, May 14 (IANS) The United States and China agreed Thursday that Iran can never have a nuclear weapon and the crucial Strait of Hormuz must remain open, a White House official said after Presidents Donald Trump and Xi Jinping held a high-stakes summit in Beijing.The leaders had the much-anticipated meeting at the imposing Great Hall of the People, during which they discussed an array of consequential issues, including trade, the ongoing US-Israeli war on Iran and Taiwan, the self-governin…
New Delhi, May 13 (IANS) India recorded 220 deals worth $22.8 billion in April 2026 because of a substantial surge in outbound mergers and acquisitions (M&A) activity despite ongoing global macroeconomic and geopolitical uncertainties, a report showed on Wednesday.The report by Grant Thornton Bharat highlighted that five billion-dollar deals contributed $17.4 billion during the month, accounting for nearly 80 per cent of the total deal value.Moreover, M&A activity emerged as the key driv…
Gandhinagar, May 13 (IANS) In a major administrative exercise, the Gujarat government on Wednesday effected a large-scale reshuffle involving 72 IAS officers, transferring and reassigning senior officials across district administrations, municipal corporations and key state departments.The reshuffle includes changes at collectorates across several districts, such as Ahmedabad, Surat, Bharuch, Navsari, Morbi, Dahod, Junagadh, Valsad, Kutch-Bhuj, Arvalli, Botad, Tapi, Narmada and Kheda, alongside …
Seoul, May 11 (IANS) India can serve as a prominent manufacturing and export hub for South Korea amid recent shifts in global supply chains, local experts said on Monday, as Seoul is pushing to deepen its economic ties with the world’s most populous nation.In a meeting with Industry Minister Kim Jung-kwan, experts at major economic research institutes and trade agencies here made the assessment, calling for a detailed strategy to help Korean companies expand their footprint in the Indian market,…
Washington, May 6 (IANS) US President Donald Trump said “Project Freedom” — the American-led movement of ships through the Strait of Hormuz — has been paused temporarily after what he described as progress in negotiations with Iran and requests from Pakistan and other countries.“Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been ma…
New Delhi, May 1 (IANS) India and the African Development Bank Group are expanding cooperation across digital infrastructure, industrial development and finance as preparations gather momentum for the upcoming India-Africa Forum Summit 2026.The summit, scheduled to be held in New Delhi on May 31, is expected to provide a key platform to strengthen economic and strategic ties between India and African nations.The growing engagement aligns with the Bank Group’s strategic priorities under its ‘…
New Delhi, April 29 (IANS) Amid strong rebound of global mergers and acquisitions (M&A) activity in 2025, Indian dealmakers are increasingly turning to transactional risk insurance to navigate complexity, manage execution risks, and drive deal certainty, a report said on Wednesday.The report from Marsh said that M&A deal value surged nearly 37 per cent year-on-year to approach $5 trillion globally, with a sharp rise in large and mega deals.Similarly in India, growing deal sizes, cross-bo…
Visakhapatnam, April 28 (IANS) For India to lead in the age of artificial intelligence (AI), it must build infrastructure at scale within the country, and this is why we have committed $100 billion to build a platform that supports India’s AI growth, Jeet Adani, Director, Adani Group, said on Tuesday.Addressing an event to lay the foundation for the Google AI Data Centre here, Jeet Adani said we are building an integrated platform across energy generation, transmission, digital networks and da…