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• Indian benchmark indices extended their losses on Wednesday, with the Sensex dropping 615.12 points (0.79%) to 77,539.13 and the Nifty falling 196.85 points (0.80%) to 24,274.85. • The market downturn was significantly driven by pressure on Tata Group stocks following the resignation of N. Chandrasekaran. • This decline reflects investor anxiety over leadership changes at one of India's largest conglomerates and broader market volatility.

• India approved only one Foreign Direct Investment (FDI) proposal from China worth Rs 1 crore during the last financial year. • In contrast, the government cleared 13 FDI applications from Hong Kong totaling Rs 610.42 crore. • These figures highlight the strict regulatory environment for investments from countries sharing a land border with India, which require prior government approval.

• India approved only one Chinese Foreign Direct Investment (FDI) proposal worth ₹1 crore and 13 proposals from Hong Kong totaling ₹610.42 crore during the last financial year. • These investments require prior government clearance under Press Note 3 of the DPIIT, a regulation implemented in April 2020 for countries sharing a land border with India. • The restrictive policy was established to prevent opportunistic takeovers and acquisitions of Indian firms during the COVID-19 pandemic.

Family and friends of residents eligible for dining and hotel packages as city spurned by visitorsMiddle East crisis – live updatesDubai is offering to pay family and friends of residents to visit in an effort to revive tourist numbers that have plummeted since the city was drawn into the US-Israel war on Iran.The Dubai Invite scheme, an initiative of the department of economy and tourism, allows residents of the United Arab Emirates to nominate friends and relatives to receive benefits worth more than 3,000 UAE dirham (about £610) for their visit. Continue reading...