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Human resources software firm Deel said it has hit an annual revenue run rate of $800 million and is ramping up preparations to go public with a view to IPO as early as next year.

Subscribe to enjoy similar stories.“We are thinking of moving to Dubai. Know any good brokers?” That question used to pop up regularly in 2025 on cross-Arabian Sea phone calls to residents of the city-state from India.

Subscribe to enjoy similar stories.Crude oil, the undistilled kind right out of the ground, was known to the Mesopotamians, Persians and Babylonians. The Chinese were the first to dig shallow wells and transport flammable oil through bamboo pipelines. Canadian geologist Abraham Gesner was the pioneer who began to distil oil and coined the term ‘kerosene’ in the mid-1850s.

Subscribe to enjoy similar stories.WHEN THE Organisation of the Petroleum Exporting Countries (OPEC) meets on April 29th, the club will be contemplating the departure of one of its longest-standing members. The United Arab Emirates (UAE), which has been part of the cartel since Abu Dhabi joined in 1967, has announced it will leave on May 1st. The war in Iran and its blockade of the Strait of Hormuz have choked off the region’s energy exports, hammering the UAE and its neighbours in the Gulf.

Subscribe to enjoy similar stories.Dubrovnik, CroatiaEurope’s data center markets need more energy. Demand for energy to power the data centers is projected to grow from 10 gigawatts in 2024 to 35 gigawatts by 2030.

Subscribe to enjoy similar stories.Venture capital and growth investing firm Peak XV Partners has fully exited One MobiKwik Systems Ltd through an over ₹130-crore block deal, selling its remaining stake shortly after the fintech secured the non-banking financial services (NBFC) licence.The investor sold around 6.08 million shares, or about 7.7% of MobiKwik’s equity, at an average price of ₹214 apiece in a transaction executed at 9:15am on 28 April, according to two people aware of the matter.Buyers included private equity firm Florintree, hedge fund Viridian Asset Management, alternative investment firm Dymon Asia Capital and equity investment management firm Karma Capital, the people said.The ₹130-crore deal delivered about 3x returns for Peak XV on its investment in the company.Peak XV’s exit marks the departure of the last major PE fund from MobiKwik’s cap table. In September 2025, Abu Dhabi Investment Authority (ADIA) sold its 2.1% stake in a block deal, after which MobiKwik shares rallied as much as 14%.Peak XV, formerly Sequoia Capital India & SEA, had been an early backer of MobiKwik and remained invested through the company’s public listing.The block sale came a day after MobiKwik announced that the Reserve Bank of India had approved its application for the NBFC licence.

Subscribe to enjoy similar stories.Investors who timed the metal rally well seem to have made quick gains, especially in aluminium stocks. Shares of most aluminium producers are now trading just a notch below their lifetime highs, reflecting enthusiasm in the sector.National Aluminium Co is 0.6% shy of its all-time high.

Subscribe to enjoy similar stories.India’s international air travel fell to a four-year low in March as the West Asia conflict disrupted key routes, with Air India Express emerging as the worst-hit among local carriers.The low-cost carrier of Air India, which has a heavy exposure to the region, recorded the steepest decline. Its departures plunged 68% to 1,263 in March from 3,928 a year ago.

Subscribe to enjoy similar stories.Akasa Air, India’s third largest airline, is tapping into the month-long demand for Hajj travel to deploy its aircraft capacity left underutilized after services to parts of West Asia were scaled back due to the ongoing war in the region, according to a person aware of the development.Approximately five to six airplanes were used on the West Asia route, which are now being used majorly for Hajj travel," said the person quoted above, requesting anonymity as this plan is part of business strategy.Flights to and from Doha, Riyadh and Kuwait have been suspended until 30 April, according to the airline’s 21 April post on X. While it continues to operate flights to Jeddah in Saudi Arabia—the main gateway for pilgrims going to Mecca—from Ahmedabad, Bengaluru, Mumbai, Kochi and Kozhikode, Akasa is evaluating resumption of flights to Abu Dhabi, the post said.Akasa Air did not respond to Mint’s queries on aircraft utilization, Hajj travel and the impact of the West Asia crisis.The airline has inducted eight new aircraft in 2026, taking the fleet size to 38.

Mumbai: Fresh capital in hand after a change in ownership, Sammaan Capital, the erstwhile Indiabulls Housing Finance, is looking beyond mortgages to diversify its loan book and build a multi-product non-bank entity, according to managing director and chief executive officer Gagan Banga.“This is growth capital, we have clearly charted out a very detailed business plan, where we are trying to make it a customer-centric franchise, targeting 5 crore borrowers in the next three years and making this from a mortgage-focused to a multi-product NBFC,” Banga told Mint. He expects the company's assets under management (AUM) to double in three years to around ₹1.3 trillion.Abu Dhabi-based IHC has infused ₹5,652 crore for a 41.5% stake in Sammaan Capital, through its affiliate Avenir Investment RSC.

, traders say, can be chalked up to WTI’s location, far from where the oil is needed in Asia. Its lower price also reflects the higher shipping costs required to get it to Asian buyers, as well as angst that the U.S.

₹6,835 crore (about $735 million) from five foreign banks to fund its ₹91,000 crore semiconductor fabrication (fab) facility in Gujarat. The lenders have put conditions on ownership, branding and equity that reflect their reliance on the Tata Group’s credit profile and the tight financing terms shaping India’s chip manufacturing push, according to company filings and executives aware of the matter.The lenders have stipulated that the Tatas retain a 51% stake in TSML, the wholly owned subsidiary of the privately held Tata Electronics, and continue using the ‘Tata’ brand, according to documents filed with the ministry of corporate affairs.

e-Rupee, with total transactions of 120 million valued at ₹28,000 crore since its 2022 launch, central bank data till December showed. While retail CBDC can be used to pay other users, as well as merchants for goods and services, wholesale use cases include interbank settlements and large-value transactions.

Past conflicts in the Middle East typically hit India at the gas station. This time, the risks transcend oil, threatening everything from smartphone exports to New Delhi’s fragile finances.Flames have reached the United Arab Emirates, India’s second-largest electronics export destination after the US. Beyond being an entrepôt for regional trade, Dubai and Abu Dhabi are wealth hubs for the Indian elite.

On 24 February 2022, Russian forces crossed into Ukraine with the objective of demilitarizing the country and deterring Kyiv from joining the North Atlantic Treaty Organization. Russian strategic planners expected a Ukrainian collapse within a fortnight. Four years on, Moscow has yet to achieve its core wartime objectives of gaining complete control over the regions of Donetsk, Luhansk, Kherson and Zaporizhzhia.

Subscribe to enjoy similar stories. India is developing contingency plans for crude oil imports as rising tensions in West Asia push global oil prices higher and raise fears of supply disruptions.

Subscribe to enjoy similar stories. In the depths of Donald Trump’s interregnum, his eldest two sons huddled in a Mar-a-Lago conference room with boyhood pal Zach Witkoff to conjure up a new money machine.

Subscribe to enjoy similar stories. Saudi Arabia’s state-backed media has been taking an increasingly anti-Israel tone, a further indication of the diminishing prospects for diplomatic normalization between the two Middle East powers. In one example, a January editorial in the daily Al Riyadh criticized Israel for disregarding international law and state sovereignty.

Subscribe to enjoy similar stories. PANAJI : At least 10 global energy majors—including Abu Dhabi National Oil Co. (Adnoc) Gas, France’s TotalEnergies and Geneva-headquartered trading firm Gunvor—have shown interest in state-run Bharat Petroleum Corp.

Subscribe to enjoy similar stories. A young basketball enthusiast at the time, Dhruv Barman went to Canada in 2013 to study kinesiology, the biomechanical study of human movement with applications in sports and fitness.

Subscribe to enjoy similar stories. Imagine Reinhold Messner reaching the summit of Everest only to look back at the trail of climbers behind him, and thinking: I’m going to go a little further. With that, he leaps off the top of the highest peak in the world into the vast, icy vacuum below.

Subscribe to enjoy similar stories. MiniMax made a stellar stock-market debut in Hong Kong on Friday, with shares more than doubling as investors continued to pile into Chinese artificial-intelligence start-ups. The stock soared 109% to 345 Hong Kong dollars on its first day of trading, following an initial public offering in which MiniMax raised HK$4.8 billion ($619 million) at an offer price of HK$165.