WebinarsNew
Deep DiveNew
Explore Business Standard
Indian Bank has received board approval to open a representative office in Dubai, as it seeks to expand its overseas operations, leveraging the large Indian diaspora across West Asia. Currently, the bank has a full-service international branch in Singapore and branches in Colombo and Jaffna (Sri Lanka). Besides, it has an IFSC Banking Unit (IBU) functioning as an offshore/foreign branch from GIFT City, Gandhinagar. "We are getting good business from our GIFT City branch, including participation in various syndicated loans...my aim now is to open a rep office in Dubai...We have a good number of non-resident Indians settled in Dubai and about 33 per cent of the working population is Indian," Indian Bank MD and CEO Binod Kumar told PTI in an interaction. For the representative office in Dubai, the bank's board has given its approval and the bank is in the process of seeking other regulatory approvals. Besides, Kumar said, the bank is exploring the possibility of having a presence in .
Authorities in the United Arab Emirates on Friday sounded an incoming missile alert for Dubai. It wasn't immediately clear what sparked the warning just after 5:15 pm local. Iran is suspected of launching a drone attack against a tanker off the coast of Oman on Thursday as Tehran increasingly challenges the region and the US over its control of the Strait of Hormuz, even with the current interim deal in the Iran war. A few minutes later, authorities sounded an all clear, without elaborating.
The United Arab Emirates reported a new missile attack Sunday morning, a day after Iran called for the evacuation of three major UAE ports, threatening for the first time a neighbouring country's non-US assets. Tehran accused the United States of using "ports, docks and hideouts" in the UAE to launch strikes on Kharg Island, home to the main terminal handling Iran's oil exports, without providing evidence, as the war showed no signs of ending. US President Donald Trump said he hoped allies would send warships to secure the vital Strait of Hormuz. Meanwhile, Israeli strikes have deepened Lebanon's humanitarian crisis, with about 800 people killed and more than 850,000 displaced. Here is the latest: Emirati adviser slams Iran's claim that Kharg strikes were launched from the UAE ------------------------------------------------------------------------------------------- "This reflects a confused policy that missed the point, lost its direction, and lacked wisdom," Anwar Gargash, ad
Dubai-based Solstice Data has officially entered into a Memorandum of Understanding (MoU) to launch a massive investment project at an outlay of Rs 52,600 crore at the KINFRA Industrial Park in Mattannur in Kannur district. As part of the landmark agreement, 100 acres of land within the park will be allocated to the company to facilitate the development of its facilities, according to an official statement on Sunday. The MoU was formally exchanged in Thiruvananthapuram between Raj Babu Thulaseedharan, Country Head (India) of Solstice Data, and Santhosh Koshy Thomas, Managing Director of KINFRA, it said. The ceremony took place in the presence of Industries Minister P Rajeev and Director of Industries P Vishnuraj on Saturday. Solstice Data is a global leader in designing, developing, and operating advanced AI-driven High-Performance Computing (HPC) data centers. Beyond its headquarters in Dubai, the company manages over sixty data center projects across various international locati