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Subscribe to enjoy similar stories. From the International Monetary Fund (IMF) raising India’s FY26 GDP growth projection to 7.3%, to weak core-sector output compared with pre-covid levels, India’s new deal with the United Arab Emirates (UAE), rising US–EU tensions over Greenland, and the push for small-ticket UPI loans amid rising household debt, here's this week’s news in numbers. The IMF has lifted its projection for India’s GDP growth in FY26 to 7.3% from its October estimate of 6.6%.

Subscribe to enjoy similar stories. Even as we are engaged in protracted negotiations with the US to sew up a trade deal, India has gone ahead with much agility to sign several others. In recent months, New Delhi has concluded deals with Australia and the UAE, apart from a long-awaited pact with the UK, and announced progress on trade agreements with New Zealand and the EU.

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.

Mint explains what the government’s NOC actually signifies, and why these approvals are unlikely, by themselves, to change the current structure of India’s aviation market any time soon.No. An NOC does not allow an airline to fly, sell tickets, or commence operations. It merely permits a company to begin the formal process of setting up an airline.Air Kerala illustrates the gap between approval and execution.

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India’s merchandise exports rose to $38 billion in November, posting year-on-year growth of 19.36%—the strongest since June 2022. Notably, the US shifted from being a drag in recent months to a key contributor, with shipments rebounding after two consecutive months of decline despite higher tariffs remaining in place. Exports to the US grew 22.6% during the month.

Subscribe to enjoy similar stories. New Delhi: As the India-Oman free trade agreement (FTA) is set to be signed on Thursday during Prime Minister Narendra Modi’s visit to Muscat, the deal is being positioned as a key pillar of India’s expanding economic and strategic engagement with the Gulf, even as its immediate trade upside remains measured by the size of Oman’s market. The Comprehensive Economic Partnership Agreement (CEPA) will be the final stop of the Prime Minister’s three-nation tour, which included Jordan and Ethiopia.

Subscribe to enjoy similar stories. Non-Resident Indians (NRIs) have long looked to India’s mutual funds for wealth creation — but taxation on capital gains remained a grey area. Recent rulings by the Income Tax Appellate Tribunal (ITAT) have now brought meaningful clarity: NRIs in countries with favourable Double Taxation Avoidance Agreements (DTAAs) may be taxed only in their country of residence, not in India.

The mineral-rich country's main trading partners are the United Arab Emirates, South Africa and China, and its limited exports to the US comprise mainly of tobacco and sugar. «I will direct the Zimbabwean government to implement a suspension of all tariffs levied on goods originating from the United States,» President Emmerson Mnangagwa said in a post on X. This announcement was «intended to facilitate the expansion of American imports within the Zimbabwean market, while simultaneously promoting the growth of Zimbabwean exports destined for the United States,» he said. The total goods trade between the two countries amounted to $111.6 million in 2024, according to US government data.

Modi will hold talks with Crown Prince Mohammed bin Salman, who is also the PM of Saudi Arabia. Both sides will look to take forward agreements finalised during the crown prince’s trip to India in 2023. The protracted Israel-Hamas crisis and tensions in the Red Sea besides the India–Middle East–Europe Economic Corridor (IMEEC) are likely to figure in the discussion agenda, it has been learnt. Saudi Arabia plays a critical role in the proposed IMEEC connecting India with Europe through UAE and Saudi Arabia. Ahead of the PM's trip to Riyadh, Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, also the Defence Minister of UAE, is expected to visit New Delhi next week in yet another display of special ties. Sheikh Hamdan will meet defence minister Rajnath Singh as India moves to step up engagements with UAE’s next generation leadership. Last year, the Crown Prince of Abu Dhabi was hosted by the Modi government.

Similarly, mined metal production at Vedanta's Zinc India division rose 4 per cent to 3,10,000 tonnes, driven by improved mined metal grades and mill recovery. The production of mined metal at the Zinc International division for the fourth quarter was 50,000 tonnes, up 52 per cent year-on-year, the company said in a statement.

KEC International will be in focus on Wednesday after the company announced that it has secured new orders worth Rs 1,236 crore in both domestic and international markets. According to an exchange filing, the company’s Transmission & Distribution (T&D) business has secured new orders for projects in both India and the Middle East. These include transmission line and substation orders in the UAE and Kuwait, as well as a substation order from a private TBCB player in India.

IPO comprises a fresh issue of equity shares aggregating up to Rs 500 crore and an offer for sale (OFS) valued at Rs 1,500 crore, according to the Draft Red Herring Prospectus (DRHP) filed on March 30. The OFS comprises sale of shares worth Rs 1,430 crore by promoter Kamlesh Jain and Rs 70 crore by shareholder Mayank Pareek.

Subscribe to enjoy similar stories. Global hotel brands are making a beeline for India, signing a flurry of deals with local property owners to expand in one of the world's fastest growing hospitality markets.

Alpha Wave Global — according to a release. However, the statement did not disclose the details of the deal. The announcement comes a day after Haldiram confirmed acquisition of a minority stake by Singapore-based global investment firm Temasek. The details of this deal were also not disclosed. «Haldirams, India's leading snack and food brand, is pleased to announce the addition of two new investors, IHC (International Holding Company) and Alpha Wave Global, to its ongoing equity round, following Temasek's recent participation,» the statement said.

Eid-al-Fitr 2025 Moon Sighting LIVE: As the month-long Ramadan fasting nears its end with Alvida Jumma celebrations on March 28, Muslims across the globe now prepare for Eid ul-Fitr. This Eid, also called the “festival of breaking the fast," marks the conclusion of Ramadan, during which devotees fast from dawn to dusk.

DP World is preparing to start ship-leasing operations in India by setting up a subsidiary in the International Financial Services Centre (IFSC) at Gujarat's GIFT City, people familiar with the matter said. The port and logistics giant may commence operations with four ships, the people said, adding that the company has secured approval from Indian authorities. «The ships could be Indian flag ships or international ships. They may buy vessels and then lease them further or rent an Indian flag ship and then sub-lease it,» one of the persons said. DP World follows others such as Japan's Mitsui OSK Lines and UAE-based Transworld Group who have started operations in IFSC. DP World's new venture in India will encompass vessel ownership, operation, chartering, and other permitted activities, the people said. To be sure, the company offers feeder services globally but does not offer a ship leasing service in India currently.

Subscribe to enjoy similar stories. One in every five ultra-high net worth individuals in India is either in the process of migrating overseas or plans to, according to a survey by Kotak Private Banking, a unit of Kotak Mahindra Bank. Its study found a higher propensity to migrate among professionals than entrepreneurs or those who inherited their wealth.

Ramadan, marked by fasting, prayers and acts of charity is a period of seeking forgiveness and taking time to reflect. The day begins with getting up before sunrise, morning prayers, and eating a pre-dawn meal called sehri while in the evening, the fast is concluded with an evening meal called Iftar which often comprises dates, fruits and other food items. Eid al-Fitr this year will be celebrated on either Sunday, March 30, or Monday, March 31, depending on the sighting of the moon in different parts of the world. On this special day, Muslims gather for prayers, visit family and friends, exchange gifts, give to those in need, and enjoy festive meals together. As the Islamic calendar follows the lunar cycle, significant dates shift forward by approximately 11 days each year. The sighting of the crescent moon marks the end of Ramadan and the beginning of Eid celebrations.

super rich Indians wish to leave the country due to factors like living conditions here, better standard of life abroad and also easier business environment in other countries, a survey said on Wednesday. The survey of 150 ultra high networth individuals said that the US, UK, Australia, Canada and even UAE due to its golden visa scheme are the favourite destinations where the rich prefer to settle down. Kotak Private, a leading wealth manager in the country which undertook the survey in association with consultancy EY, said 25 lakh Indians migrate to other countries every year as per the foreign ministry. «One in five ultra HNIs surveyed are currently in the process of or plan to migrate,» the survey findings said, adding most of them intend to reside in their host country of choice permanently while retaining their Indian citizenship.