Landmark: India Makes First Rupee Payment for UAE Oil

27 Dec 2023 CW Team

In a historic move, India has made its first-ever rupee payment for oil purchased from the UAE, marking a significant milestone in bilateral energy transactions. While this marks a pivotal moment in economic relations, Indian officials emphasize a broader objective of securing additional deals with the UAE, refraining from specifying explicit targets. The groundbreaking rupee payment signifies a strategic shift in payment methods and underscores the nation's commitment to fostering closer economic ties.

As India seeks to expand its energy partnerships, the focus on securing more deals reflects a proactive approach to strengthening diplomatic and economic cooperation with the UAE. The absence of specific targets signals a flexible and collaborative approach, highlighting the nations' intent to explore mutually beneficial opportunities in the dynamic landscape of global oil and gas transactions.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

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Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..