Uae Financial News

Foreign direct investment in India jumped 47.8 per cent to USD 16.17 billion in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at USD 10.94 billion in April-June 2023-24. The data showed that overseas inflows in May rose to USD 5.85 billion and in June to USD 5.41 billion from USD 2.67 billion and USD 3.16 billion, respectively, in the year-ago period. In April, FDI inflows were down marginally at USD 4.91 billion against USD 5.1 billion in April 2023.

Salvagers have abandoned an effort to tow away a burning oil tanker in the Red Sea targeted by Yemen’s Houthi rebels

international travel. A recent report by MakeMyTrip, covering the period from June 2023 to May 2024, highlights a significant rise in the number of Indians taking international trips, with a 32% growth in people going on two or more international journeys. Those taking three or more trips have grown by 37%, underscoring India's growing appetite for global travel.

IIT Bombay has completed final placements with an average annual package of Rs 23.5 lakh, a 7.8% jump from last year’s average of Rs 21.8 lakh but fewer students compared to last year have landed jobs during the process, a report released by the institute has revealed. In one of the most challenging years for placements to date, about 74.5% of the 1979 students who actively participated in the campus drive have got jobs, with 1475 job offers accepted. This is compared to about 82% last year when 1845 students actively participated and 1516 job offers were accepted. This is despite 364 companies making offers, compared to 324 last year. Seventy-eight international offers were accepted in both Phases of the IIT Bombay placements 2023 — 24, while 22 offers of above Rs 1 crore per year were accepted during this drive, according to data from the institute. Around 206 students received salaries of less than Rs 10 lakh.

air taxis in the world and the launch in 2026 will revolutionise urban travel, said Nikhil Goel, chief commercial officer, Archer Aviation. Archer is a California-based EVTOL company Archer Aviation. EVTOLs, or air taxis, take off and land vertically, just like a conventional helicopter. But since they're electric, they produce less emissions and are potentially much quieter. Archer's Midnight is a 4-seater aircraft, which can carry four passengers and a pilot for up to 160 kilometres. «While cities are getting more populated, our transportation options are degrading. That burden is particularly profound right here in India and that is what we are looking to address. I am confident that India will be not only be one of, but perhaps the largest market for electric air taxis in the world,» Goel said at the ET World Leaders Forum. Archer has tied up with InterGlobe Enterprises, which is the owner of India's largest airline, IndiGo, credited with making air travel more affordable in India. The US company plans to replicate the IndiGo model for its air taxi services — increase trip volume and reduce overall cost by achieving economies of scale. India is the third country besides the US and UAE where Archer plans to start operating. Archer will look to cater to passengers of IndiGo for their journey to and fro airport. IndiGo carries around 90 lakh passengers per month.

GOAT’ (short for ‘Greatest Of All Time’) could become the highest-grossing film in the Tamil film industry. The much-anticipated Thalapathy Vijay-starrer is predicted to set the cash registers ringing if reports are to be believed. As per a Cinetrak report, GOAT has already earned over $1 million in pre-sales for its opening day across international markets. A significant portion of this revenue comes from North America, where the film has generated around $460,000 from the USA and Canada alone. Anticipation is high, and the film is expected to cross the $1 million mark in the USA even before its official release. Vijay's movie is also performing strongly in the UK and Australia, with each region contributing $130,000 to the overall pre-sales.

Two missiles suspected to have been fired by Yemen’s Houthi rebels have targeted a ship in the Gulf of Aden

Brainbees Solutions Ltd, the parent firm of baby and mother care product retailer FirstCry, on Friday reported a 17% growth in operating revenue to Rs 1,652 crore for the quarter ended June 30, 2024. For the first quarter of fiscal year 2025, the omnichannel retailer said its net loss stood at Rs 75 crore, against a loss of Rs 110 crore a year ago. The firm saw its gross merchandise value (GMV), a proxy for net sales, grow 17% from a year ago to Rs 2,318 crore in the quarter ended June 30, 2024.

recruitment of artificial intelligence (AI) talent in India, at least for 132 companies looking to hire such talent from the technology, finance and manufacturing sectors, according to a senior executive at Deel. The San Francisco-based payroll and compliance provider offers hiring and payments services to companies enrolling international employees and contractors. Mark Samlal, general manager for Asia-Pacific at Deel told ET in an interview that demand for AI expertise is on the rise but finding candidates proficient in skills can be very tough.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Yemen’s Houthi rebels have released footage showing that they boarded and intentionally set explosives aboard a Greek-flagged tanker that was earlier abandoned after they repeatedly attacked it, putting the Red Sea at risk of a major oil spill

Transport ministers from Turkey, Iraq, Qatar and the United Arab Emirates are meeting in Istanbul to discuss a multibillion-dollar regional transportation project designed to ease the movement of goods from Asia to Europe through Iraq

Over more than a decade, the founder and CEO of the messaging app Telegram has amassed various different citizenships

French prosecutors say an investigative judge has extended police custody for the Telegram CEO, Pavel Durov

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Pakistan Cricket Board has named 22-year-old Fatima Sana as their captain, replacing Nida Dar for the upcoming ICC Women's T20 World Cup in UAE from October 3-20. The 37-year-old Nida is going through a lean patch and the team under her suffered T20I and ODI series defeats in England before making a semi-final exit in the Women's Asia Cup last month. The selectors however have retained Nida in the squad that has at least 10 players who appeared in the last edition of the global showpiece.

A Greek-flagged tanker repeatedly attacked by Yemen’s Houthi rebels in the Red Sea remains ablaze but hasn’t sprung a major oil leak in the waterway

French President Emmanuel Macron says the arrest in France of the CEO of the popular messaging app Telegram, Pavel Durov, wasn’t a political move but part of an independent investigation

Pavel Durov, the Russian-born founder of Telegram who was arrested in Paris, has nothing to hide it is absurd to hold an owner responsible for abuse of the messaging and social media platform, Telegram said in a statement. Durov, a 39-year-old billionaire cast as "Russia's Mark Zuckerberg", was arrested at Le Bourget airport outside Paris shortly after landing on a private jet late on Saturday from Azerbaijan. The arrest of the Telegram CEO prompted a warning from Moscow to Paris that he should be accorded his rights, and criticism from X owner Elon Musk who said that free speech in Europe was under attack.

Pavel Durov, the founder and CEO of the messaging app Telegram, was arrested in Paris over the weekend over allegations that his platform is being used for illicit activity such as drug trafficking and the distribution of child sexual abuse images

Fires have broken on a Greek-flagged oil tanker previously attacked by Yemen’s Houthi rebels this week