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Dubai’s Emaar in talks with Indian groups, including Adani, to sell stake in local business

DUBAI, Jan 16 (Reuters) – Emaar Properties, Dubai’s largest listed real estate firm, is in talks with “a few groups” in India including Adani Group to sell a stake of its Indian business, it said on Thursday. The builder of the world’s tallest building, the Burj Khalifa, and other iconic parts of Dubai, said in a statement that the valuation and other terms of a potential deal were not finalised, without adding further details. The statement followed media reports on Wednesday stating that Adani Realty, the real estate unit of Indian billionaire Gautam Adani’s Adani Enterprise (ADEL.NS), opens new tab,

PM approves 8th pay commission, to benefit 1.15 cr central government employees, pensioners

New Delhi, Jan 16 (PTI) Prime Minister Narendra Modi on Thursday approved setting up the 8th Pay Commission to revise salaries of nearly 50 lakh central government employees and allowances of 65 lakh pensioners. The chairman and two members of the Commission will be appointed soon, I&B Minister Ashwini Vaishnaw told reporters here. “Prime Minister has approved 8th Central Pay Commission for central government employees,” the minister said. The term of the 7th Pay Commission will end in 2026. Since 1947, seven Pay Commissions have been constituted, with the last one implemented in 2016. As the 7th Pay Commission’s term

Govt announces 8th Pay Commission for central govt employees

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New Delhi, Jan 16 (PTI) In a major decision, the government on Thursday decided to set up the 8th Pay Commission to revise salaries of central government employees and allowances of pensioners. The decision to set up the 8th Pay Commission was taken by Prime Minister Narendra Modi, I&B Minister Ashwini Vaishnaw said. #WATCH | Delhi: Union Minister Ashwini Vaishnaw says, "Prime Minister has approved the 8th Central Pay Commission for all employees of Central Government…" pic.twitter.com/lrVUD25hFu — ANI (@ANI) January 16, 2025 The 7th Pay Commission was set up in 2016, and its term will end in 2026. “Prime

RBI likely selling dollars to support rupee, traders say

MUMBAI, Jan 16 (Reuters) – The RBI (Reserve Bank of India) was likely selling dollars via state-run banks to support the rupee on Thursday, as the currency declined on the back of dollar bids from importers and foreign banks, three traders told Reuters . The rupee was down 0.1% at 86.48 against the U.S. dollar as of 12:40 p.m. IST. The rupee had weakened to an all-time low of 86.6475 earlier this week. State-run banks were spotted offering dollars near 86.50 levels, most likely on behalf of the Reserve Bank of India, the traders said. The central bank “seems to

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