Business
India-Israel Dialogue on Strengthening Economic Ties Scheduled for Tomorrow
The events are being organized by the Commerce Ministry’s Department for Promotion of Industry and Internal Trade (DPIIT) in collaboration with the Embassy of Israel and the Confederation of Indian Industry (CII).
Discussions during the forum will emphasize enhancing trade relations, encouraging collaboration across different sectors, and uncovering investment prospects for Indian and Israeli companies. A distinguished Israeli business delegation, led by Nir M. Barkat, the Minister of Economy and Industry, will be in attendance. This delegation will encompass top business leaders from various industries such as technology, manufacturing, healthcare, agriculture technology, food processing, defense, homeland security, water management, logistics, and retail, as mentioned in the official statement.
The event will kick off with a ceremonial inaugural session, followed by panel discussions and B2B meetings. This format will enable business leaders from both countries to explore opportunities for joint ventures, investments, and sharing of expertise. Representatives from both the Indian and Israeli governments, along with prominent business organizations, will engage in these discussions to focus on sectoral growth and innovation-driven partnerships.
The shared dedication of India and Israel to technological progress, innovation, and entrepreneurship positions them as natural economic partners. With India emerging as a global manufacturing and tech hub, the forum aims to provide a strategic platform to enhance business-to-business (B2B) and government-to-business (G2B) relationships.
Concurrently, the Federation of Indian Chambers of Commerce & Industry (FICCI) will conduct the India-Israel CEO Forum. This exclusive gathering will bring together leading CEOs, senior executives, and policymakers to discuss investment opportunities, policy frameworks, and emerging industry trends. Key topics will include technology collaboration, research and development, innovation-led growth, and trade diversification.
Priority engagement areas for India and Israel involve enhancing cooperation in technology and innovation, especially in artificial intelligence, digital transformation, and smart manufacturing. Additionally, partnerships in defense and security will grow in fields like defense technology, cybersecurity, and homeland security solutions. Cooperative projects in clean energy and sustainability will aim to advance renewable energy and water conservation while driving green technology initiatives.
In the healthcare and life sciences sector, there will be increased collaboration in medical research, pharmaceutical trade, and biotechnology investments. The agricultural sphere will gain from Israeli advancements in precision farming, drip irrigation, and sustainable practices.
Bilateral trade between India and Israel has seen consistent growth, expanding beyond traditional sectors like diamonds and precious metals to encompass engineering goods, chemicals, electronics, defense, and agricultural products. Israeli investment in India has been on the rise, with numerous Israeli companies involved in sectors such as renewable energy, water technology, defense, and manufacturing. Likewise, Indian enterprises are making significant progress in Israel, particularly in pharmaceuticals, IT, and infrastructure.
The CEO Forum will present a valuable opportunity for business leaders to forge new partnerships, exchange insights, and explore ways to enhance bilateral trade and investment flows. Both forums align with the long-term vision for economic growth and cooperation shared by India and Israel, emphasizing the importance of strengthening business relationships, engaging in policy discussions, and forming strategic alliances.
These events will encourage deeper industry engagement between Indian and Israeli companies, promote foreign direct investment (FDI) and joint ventures, facilitate technology transfer and innovation partnerships, and boost trade through policy reforms and the establishment of new agreements, as highlighted in the statement.
Business
Overseas Loans by Indian Firms See Sharp Decline
Business : Indian companies borrowed $5.43 billion from abroad in March, according to RBI data. This was 51% lower than March last year.
Experts said the weak rupee and high global interest rates made foreign loans less attractive for companies.
In the financial year 2025-26, India Inc raised nearly $43 billion through foreign borrowings. This was down from $61 billion in the previous year.
In March 2025, borrowings had crossed $11 billion due to large deals by companies like JSW Steel and Tata Semiconductor Manufacturing.
Companies are also avoiding overseas loans because hedging costs have become expensive during currency volatility.
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The RBI reportedly discussed easing foreign borrowing rules and offering hedging support, but no final decision was taken.
Market experts said the ongoing West Asia conflict has increased uncertainty, making companies cautious about raising funds from abroad.
Business
Fuel Prices Hiked by Rs.3 per Litre across India
New Delhi: Petrol and diesel prices have been increased by Rs.3 per litre across the country from today. Oil marketing companies revised the rates due to the rise in global crude oil prices.
After the hike, petrol price in Bengaluru has reached Rs.106.17 per litre, while diesel now costs Rs.94.10 per litre.
The increase comes amid fluctuations in international crude oil prices and tensions in West Asia, including the Iran conflict. The fall in the value of the Indian rupee against the US dollar has also increased import costs.
The fuel price hike is expected to affect transportation and daily essentials. Transport charges for goods may rise, leading to higher prices of vegetables, fruits, milk, and other items. Bus, auto, and taxi fares may also increase.
READ MORE :Two Final-Year Engineering Students Drown in Bhadra Canal
Earlier, fuel prices were reduced before the 2024 Lok Sabha elections. In 2022, the Centre had also cut excise duty to control inflation after the Covid pandemic.
Business
Gold Prices Rise in Mangaluru; Demand for Ornaments Remains Strong
Mangaluru: Gold prices in the coastal city of Mangaluru have been reported at high levels today. The rate for 24 karat gold (99.9% purity) stands at Rs.14,962 per gram. The price for 22 karat gold (91.6% purity) is Rs.13,715 per gram. Meanwhile, 18 karat gold (75% purity) is being sold at Rs.11,222 per gram.
Mangaluru is well known for its deep cultural connection with gold. The city has a long tradition of buying and wearing gold ornaments. This tradition continues strongly even today.
Local jewellers say that demand for gold remains steady despite high prices. Many people still prefer to invest in gold for safety and long-term value. Gold is also an important part of weddings and festivals in the region.
Apart from its love for seafood, Mangaluru is also famous for its gold market. The gold trade in the city has a long history and continues to grow.
READ MORE :Mango Sheera Emerges as a Popular Summer Dessert
Buyers are advised to check the latest rates before making a purchase. They can also use a gold rate calculator to get exact pricing based on weight and purity.
Experts say that gold prices may change depending on global market trends. Customers should stay updated and make careful decisions while buying gold.
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