American investment firm GQG Partners has sold a 1.85% stake in GMR Airports Ltd (GAL) to Fidelity International Ltd (FIL) through Open Market Operations (OMOs) for ₹1,906 crore.
American investment firm GQG Partners has sold a 1.85% stake in GMR Airports Ltd (GAL) to Fidelity International Ltd (FIL) through Open Market Operations (OMOs) for ₹1,906 crore.
PM Narendra Modi has visited the United Arab Emirates (UAE) and held a meeting with President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi. UAE has committed to invest $5 billion in India through various entities.
During the visit, the Indian Strategic Petroleum Reserves Ltd (ISPRL) signed an MoU with the Abu Dhabi National Oil Company (ADNOC) to enhance the energy security of India. Additionally, the Indian Oil Corporation Ltd (IOCL) signed a strategic collaboration agreement with ADNOC for the long-term supply of Liquefied Petroleum Gas (LPG).
According to the Mid-Year Outlook report released by Morgan Stanley, India’s real GDP growth forecast for FY27 has been revised upward by 50 basis points (bps) to 6.7%. The report projects the GDP growth for FY28 at 7%. Additionally, India’s inflation is expected to average 4.7% for FY27.
Union Minister Jitin Prasada has paid a two-day official visit to the Czech Republic to bolster bilateral trade, investment, and industrial cooperation. He co-chaired the 13th session of the India-Czech Republic Joint Commission for Economic Cooperation (JCEC) along with his Czech counterpart Jan Sechter in Prague, the capital of the Czech Republic.
The event witnessed the signing of the protocol of the 13th India-Czechia JCEC to formalize economic and industrial agreements. Additionally, the India-Czech Business Forum was inaugurated in Prague to promote mutual investment and strengthen Business-to-Business (B2B) linkages between the two countries.