Abu Dhabi

Etihad Airways resumes direct flights between Kolkata and Abu Dhabi

Etihad Airways resumed flight services between Kolkata and Abu Dhabi on Sunday after three years, a statement said. The airlines will operate two flights a day, four days a week -- Tuesday, Thursday, Friday and Sunday -- from Kolkata to Abu Dhabi, the Netaji Subhas Chandra Bose International (NSCBI) Airport said in the statement. The first flight will depart Kolkata at 4.15 am and reach Abu Dhabi at 7.55 am local time. The second one will leave Kolkata at 9.05 pm and reach its destination at 12.45 am local time, it said. From Abu Dhabi, there will be one direct flight to Kolkata four days a week. It will depart Abu Dhabi at 9 pm local time and reach Kolkata at 3.20 am. Etihad Airways will operate an Airbus A320 aircraft on the route, offering eight seats in business class and 150 in economy class, it said. On the inaugural day, 152 passengers travelled from Abu Dhabi to Kolkata, while 126 passengers travelled from Kolkata to Abu Dhabi, it added. With the recommencement of service

Greenko raises $700 mn to fund pumped storage projects from GIC, ADIA, Orix

Homegrown Greenko Group has raised USD 700 million (around Rs 5,700 crore) funding from Singapore's sovereign wealth fund GIC, Orix Corporation of Japan, Abu Dhabi Investment Authority (ADIA) and its own founders. Anil Chalamalasetty and Mahesh Kolli are the founders of Hyderabad-based Greenko Group. The equity funding will be utilised towards the capex of pumped storage projects which will have storage capacity of more than 25 GWh (gigawatt hour) enabling 45 billion units of carbon free energy, Kolli, who is the Joint Managing Director of Greenko Group told PTI over phone. While GIC has 51 per cent share in the funding, Orix Corporation has 16 per cent, ADIA 14 per cent and founders have 13 per cent, he said. "This equity commitment from the existing shareholders reinforces trust in our vision. CFE is helping accelerate industrial decarbonisation enhancing green quotient of Indian grid and development of green molecules and chemicals at a competitive cost," Anil Chalamalasetty, CE

Abu Dhabi's IHC to invest $400 mn in Adani Enterprises' follow-on offer

Investor says it has 'confidence and belief in the fundamentals of Adani Enterprises'

Abu Dhabi-based firm IHC to invest $400 mn in Adani Enterprises FPO

IHC subscribed to 16 per cent of Adani Enterprises worth USD 2.5 billion FPO

First Abu Dhabi Bank PJSC explored offer for Standard Chartered

A deal would create a bank with over $1 trn of assets; FAB has been assessing a deal for over 6 months

Etihad Airways expands in India; Kolkata-Abu Dhabi service to begin in 2023

Etihad Airways plans to expand its flight network in India with additional services to Ahmedabad, Chennai, Cochin and Delhi starting from early next year. The Gulf carrier on Thursday also announced plans to launch a daily flight service to Kolkata from Abu Dhabi from March 26, 2023 providing a total of seven weekly non-stop services to the City of Joy. The flights will be operated with an Airbus A320 aircraft, offering 8 seats in business class and 150 in economy class, according to a release. "In parallel with re-establishing air links to Kolkata, Etihad will boost its network with additional services to Ahmedabad (bringing it up to 2 daily flights) and Chennai (twice daily)," an Etihad Airways spokesperson told PTI. Besides, Cochin will have an additional 6 flights per week, bringing it to a total of 13 flights per week, starting from March 26, 2023. An additional daily service will also be started to Delhi and Mumbai from April 24 next year. The re-introduction of flights to

Jaishankar meets UAE counterpart in Abu Dhabi, discusses regional issues

External Affairs Minister S Jaishankar met with his United Arab Emirates counterpart Sheikh Abdullah bin Zayed Al Nahyan in Abu Dhabi

Abu Dhabi Investment Authority to invest nearly $400 million in Lenskart

ADIA in advanced talks with Lenskart for an investment of up to $350 million to $400 million

Vodafone's largest shareholder rules out bid after raising its stake

Abu Dhabi's Emirates Telecommunications Group Co., also known as Etisalat, said it now owns 11% of Vodafone, up from 10% earlier

Abu Dhabi seeks Indian investments, invites start-ups to establish hubs

In its bid to diversify Abu Dhabi's business activity beyond hydrocarbons, the UAE's capital city is seeking more investments from India which will not only benefit the local economy but also allow Indian firms to use it as a platform to grow their footprints around the world. Abu Dhabi has identified priority sectors including agritech, tourism, healthcare, pharma and financial services, where Indian enterprises can invest. Abdulla Abdul Aziz Alshamsi, Acting Director General of Abu Dhabi Investment Office (ADIO) which is tasked with pulling the investments, told PTI that his office will facilitate all investment avenues for Indian companies and called this as a natural extension of the growing relations between India and the UAE. Alshamsi pitched for Indian companies to use Abu Dhabi as a platform to grow their footprints around the world, and added that their presence will benefit the local economy as well. At a time when Indian startups are scouting for better opportunities ...

Five-Star Business up 3.4% on debut as Rs 684 cr worth of shares are traded

Listing day gains come despite lukewarm response to IPO

Abu Dhabi fund invests $500 mn in Kotak Investment's 13th real estate fund

With this new fund, KIAL has raised, managed or advised more than $3.3 billion under its real estate fund series

Investcorp plans major ramp up of India assets to $5 billion: Alardhi

The Middle East firm expects to reach $5 billion of assets in India in the next five years, up from just over $600 million currently, or 1.5% of the $42.7 billion in assets managed by Investcorp

Emergency bid: GAIL inks agreement with ADNOC to secure LNG supply

Officials said the agreement represents a reworking of India's gas sourcing strategy as the country aims to aggressively source LNG from a wider list of nations

Byju's to raise $600 mn, in talks with Abu Dhabi's sovereign wealth funds

The funds are being raised at a time when the company said it is in the sweet spot of its growth story and the capital its invests in its business now will result in profitable growth

ADIA, KKR, Brookfield to invest in UPL companies as restructuring move

KKR, the US-based private equity firm, will separately invest Rs 2,460 crore to pick up a 13.33 per cent stake in Advanta Enterprises, a subsidiary of UPL.

Consortium of Indian oil companies to acquire 10% stake in UAE's ADNOC

The consortium is led by ONGC Videsh Ltd (OVL) and includes companies like Indian Oil Corporation Ltd (IOCL), Bharat PetroResources Ltd (BPRL) and Oil India Ltd (OIL)

Jaishankar visits under construction first Hindu temple in Abu Dhabi

External Affairs Minister, S Jaishankar who is on a three-day visit to United Arab Emirates (UAE) visited the under-construction Hindu temple in Abu Dhabi said to be the first traditional temple

Indians among top travellers who visited Abu Dhabi most in H1 2022

Indians are among the top travellers who visited Abu Dhabi the most in the first six months of this year, according to a passenger traffic report

Officials seize 831 gm of gold worth Rs 43.29 lakh at Mangaluru airport

Customs sleuths at the Mangaluru International Airport have seized 24 carat gold weighing 831 gm from a passenger who arrived by an Air India flight from Dubai