The Adani Group is in advanced discussions with Dubai-based real estate developer Emaar Group to acquire a majority stake of 70-100% in its Indian arm for ₹4,000-5,000 crore. According to insiders quoted by a Mint’s latest report, the deal, likely to be executed through Adani Realty, will focus on Emaar India’s premium projects, including residential and commercial properties in Delhi-NCR, Mohali, Lucknow, Indore, and Jaipur. As per the report, negotiations on final terms and valuation, estimated to be around ₹5,000 crore, are ongoing. Watch!
15 Jan 2025Heavy Rain In Dubai: Heavy rains lashed Dubai late on Monday night and continued on Tuesday, April 16, submerging its major highways and international airport. The heavy rainfall prompted the UAE government to issue warnings urging employees to work from home and only leave ‘in cases of extreme necessity.’ Several videos of the torrential rainfall went viral on social media.
17 Apr 2024Discover how India aims to export its groundbreaking Unified Payments Interface (UPI) system to Gulf countries, including Bahrain and Saudi Arabia. With millions of Indians residing and working in the region, the National Payments Corporation of India (NPCI) is in talks to establish cross-border remittance systems using UPI. India’s successful collaborations with countries like Singapore and Bhutan, and the advanced stage of discussions with the United Arab Emirates, highlight the potential for UPI to revolutionize digital payments globally. Join us as we explore India’s latest financial endeavor and its impact on the Gulf.
27 Jun 2023Beyonce performed to a VIP audience for a reported $24 million and fireworks will light up the sky above the city’s famous artificial tree-shaped island of Palm Jumeirah.
1 min read22 Jan 2023Besides 1,000 sovereigns of gold jewelry gifted to his daughter, the businessman’s son-in-law robbed, identified as Muhammad Hafiz, around ₹107 crore from him.
1 min read25 Nov 2022The expected investment because of the concluded CGD bidding rounds is nearing a total of ₹1.2 lakh crore: Hardeep Singh PuriThe latest bidding round will offer 65 geographical areas spread over 19 states and one Union territory
1 min read21 Nov 2021It must be noted that not all Indian flyers can travel to UAE only transit passengers and UAE residents are allowed to travel
1 min read8 Aug 2021Those travelling to the UAE or transiting through its airports need to meet various conditions including presenting a negative coronavirus test prior to departure
1 min read4 Aug 2021Only passengers with a valid residence visa who have received two doses of a UAE-approved vaccine are allowed to travel to Dubai from India
1 min read23 Jun 2021Dubai: Sales of properties above 10 million dirhams rose 6.7 percent in April compared to the previous month
3 min read31 May 2021The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared