Freight costs on key Asia-UAE routes have surged from about $1,000 to as much as $7,000 per container, intensifying pressure on importers, retailers, manufacturers and re-exporters that rely on Dubai and other UAE hubs for supplies moving across the Gulf, Africa and South Asia.
The jump, flagged at an IBPC Dubai logistics session, reflects a wider disruption in maritime corridors linked to Middle East tensions, fuel-cost volatility, security-risk surcharges and capacity constraints. Paras Shahdadpuri, Governor of IBPC Dubai and Chairman of
Christopher Nolan will bring The Odyssey to Mumbai in July with producer Emma Thomas and lead actors Matt Damon and Tom Holland, giving the filmmaker his first India premiere and placing the city on the film’s global launch route ahead of its worldwide release on 17 July.
The Mumbai event is scheduled for PVR Icon IMAX at Phoenix Palladium in Lower Parel, with the exact premiere date still to be announced. Universal Pictures International has positioned Mumbai alongside London, Paris and
The Centre has ordered a nationwide temporary block on Telegram until June 22, escalating its crackdown on online cheating rackets ahead of the NEET-UG 2026 re-examination scheduled for June 21.
The restriction, issued through the Ministry of Electronics and Information Technology under Section 69A of the Information Technology Act, 2000, follows complaints that groups on the messaging platform were being used to sell, advertise or fabricate claims about leaked question papers. A separate direction requires Telegram to disable, within the country,
Hyderabad-based Drogo Aerospace has delivered 41 JK 250e surveillance drones to the Indian Army, advancing a ₹72-crore order that places the defence technology firm among a growing group of domestic companies supplying unmanned systems for frontline military use.
The first batch was received by officials of the Army’s Southern Command in Nashik, Maharashtra. The delivery forms part of a 217-drone contract, with the company aiming to supply the remaining 176 units by August 2026. The schedule gives Drogo Aerospace a tight
New Delhi has moved into crisis-management mode as the war in Iran raises fuel costs, strains the rupee and forces the Centre to balance energy security against its deficit-reduction pledge.
The latest response includes curbs on bulk diesel purchases at retail outlets, a willingness to let the fiscal deficit widen beyond the Budget target, and measures to pull in overseas capital as policymakers try to contain pressure on inflation, subsidies and the balance of payments. The measures mark a sharp shift
A small change in central bank wording has given banks fresh room to mobilise foreign-currency deposits, potentially drawing as much as $50 billion into India at a time when the rupee and external balances are under pressure.
The Reserve Bank of India’s June package centres on Foreign Currency Non-Resident Bank deposits, or FCNR deposits, a long-used channel through which overseas citizens place foreign-currency funds with banks. The decisive shift lies in the way the central bank has structured the swap window
JNK India has secured a large export order for an incinerator package linked to Abu Dhabi’s TA’ZIZ Salt Project, strengthening the company’s overseas order book and widening its role in waste gas handling systems for large industrial projects.
The order, received on June 8 from CC7 Emirates Engineering Solutions L. L. C., covers design, engineering, manufacture, procurement and supply on a Free Carrier basis. JNK India will also provide assistance, charged on a per diem basis, for erection, commissioning and witnessing
Sri Lanka’s rupee rallied more than 2 per cent after the Central Bank of Sri Lanka shortened the deadline for exporters to convert foreign currency earnings into local currency, a move aimed at easing pressure on a market strained by rising import demand, energy costs and expectations of further depreciation.
The currency strengthened sharply in Colombo trading, touching 328 to the dollar from weaker levels around 336.50 before settling in a wider 332-334 range. The previous close was near 337.00-337.75, underscoring
New Delhi has tightened import controls on key silver categories, making prior authorisation from the Directorate General of Foreign Trade mandatory for specified products under Chapter 71 of the ITC 2022 schedule.
The amended rules, issued through Notification No. 19/2026-27 dated 2 June 2026, apply with immediate effect to silver powder, silver grains, silver of 99.9% purity or more, and other unwrought silver. The change adds a fresh approval layer to a trade channel that was already limited to nominated