Topic
top markets
Business Emirates NBD's Rs 26,015 Crore RBL Bank Deal Marks India as Top 5 Market
Emirates NBD's Rs 26,015 crore purchase of a 60% stake in RBL Bank signals India's rise as a core strategic market for the Dubai-based lender. Vice-chairman Hesham Abdulla Al Qassim highlighted historical ties and the growing India-UAE economic relationship beyond trade and remittances. The deal positions Emirates NBD with a domestic platform in one of the world's fastest-growing banking markets.
Manufacturing India enters Mercedes-Benz top 15 markets for first time; manufacturer reaffirms local production commitment
Mercedes-Benz India has entered the company's top 15 markets globally for the first time, with India ranking fifth for the Maybach brand. Board member Mathias Geisen visited India for the launch of the new S-Class plug-in hybrid, highlighting the company's long-term local manufacturing commitment. Globally, Mercedes sold 1.8 million vehicles last year, with China sales declining but other markets growing.