January 29, 2026

Eluru Collector Orders Reactivation of Dormant Government Bank Accounts

Eluru District Collector K. Vetri Selvi has directed officials to reopen and reactivate unused bank accounts of government departments. The move aims to fix fund management issues and put dormant money to use.

January 29, 2026

Visa Splits Middle East Operations Between Dubai and Riyadh After Saudi HQ Policy

Visa restructures its Middle East business into two hubs: Dubai covering UAE, Kuwait, Qatar; Riyadh managing Saudi Arabia, Bahrain, Oman. This move follows Saudi Arabia’s new rule requiring regional HQs for government contracts and shows Riyadh’s growing business influence.

January 29, 2026

UAE Banks End Handwritten Signatures and SMS OTPs, Switch to Biometric App Approvals

UAE banks stop using ink signatures and SMS OTPs by March 2026. Customers must authorize payments via mobile apps with biometrics for faster, safer banking.

January 29, 2026

India Supreme Court Ruling on 2018 Flipkart Deal Shakes Foreign Investors

India's Supreme Court ruled Tiger Global must pay tax on its 2018 Flipkart stake sale to Walmart, overturning a tax treaty defense. This marks a tough new stance on offshore tax treaties, worrying foreign investors about past and future deals.

January 29, 2026

India's Auto Exports Hit 53 Lakh Vehicles in FY25, Show Strong Growth

India's automobile exports reached a record 53 lakh vehicles in FY25 with solid double-digit growth early in 2026. Economic Survey 2025-26 praises increasing global demand and boosts from electric vehicle schemes.