13, Apr 2026
The General Assembly of Estithmar Holding Approves Financial Results and distributes 20% of capital as share dividends to shareholder for the Year Ended December 31, 2025
Doha, Qatar – Apr 13: Both the Ordinary General Assembly and the Extraordinary General Assembly of Estithmar Holding Q.P.S.C. convened on April 12, 2026, and approved the Company’s financial results for the year ended December 31, 2025. Additionally, the Ordinary General Assembly approved the Board of Directors’ proposal to distribute dividends for the same period, amounting to two shares for every ten shares, equivalent to 20% of the Company’s capital. Both assemblies also approved the agenda items, with the following highlights:
Ordinary General Assembly:
1. The General Assembly approved the Board of Directors’ report on the Company’s activities and financial position for the year ending 31/12/2025, as well as the Company’s future plan for 2026.
2. The General Assembly approved the auditors’ report on the financial statements of the Company for the year ending 31/12/2025.
3. The General Assembly approved the Company’s consolidated balance sheet and profit and loss statement for the financial year ending 31/12/2025.
4. The General Assembly approved the distribution of dividends for the period ending December 31, 2025, at a rate of 20% of the Company’s capital by distributing free shares at a rate of two shares for every ten shares, equivalent to 0.2 share per share, and the allocation of fractional shares resulting from the distribution process to Estithmar Holding Q.P.S.C., if any.
5. The General Assembly approved the auditors’ report on the Company’s compliance with corporate governance requirements applicable to listed companies.
6. The General Assembly approved the Company’s Governance Report for the financial year ending on 31/12/2025.
7. The General Assembly approved discharging the members of the Board of Directors from liability for the financial year ending 31/12/2025 and approved the distribution of Board remuneration totaling QAR 3,959,374.
8. The General Assembly approved the appointment of PricewaterhouseCoopers (PwC) as the auditors for the financial year ending 31/12/2026 and approved their fees as per the Board’s recommendations.
Extraordinary General Assembly:
1. The General Assembly approved a 20% capital increase to distribute free shares at a ratio of two shares for every ten shares, to be issued after obtaining the necessary approvals, making the Company’s capital QAR 4,493,329,500, distributed over 4,493,329,500 shares, and allocating fractional shares resulting from the distribution process to Estithmar Holding Q.P.S.C., if any.
2. The General Assembly approved amendments to Article 5 (Company Capital) and related provisions of the Company’s Articles of Association.
3. The General Assembly authorized the Chairman of the Board of Directors and the Vice Chairman of the Board of Directors, individually, to take the necessary actions and complete all procedures with the relevant authorities — including the Ministry of Commerce and Industry, the Qatar Financial Markets Authority, Qatar Stock Exchange, and Qatar Central Securities Depository — to amend the Company’s Articles of Association and finalize the issuance of shares.
Authorizing the Chairman of the Board of Directors, the Vice Chairman of the Board of Directors individually, and any person selected by the Chairman of the Board of Directors of Estithmar Holding Q.P.S.C. to apply for the required approvals and to review with the Prime Minister’s Office, the Ministry of Justice, the Ministry of Commerce and Industry, the Qatar Financial Markets Authority, the Qatar Stock Exchange, Qatar Central Securities Depository, and any other relevant authority in the State of Qatar, in order to amend the company’s Articles of Association, sign it, submit any necessary documents for making those amendments, and represent the company to any public or private entity concerning the issuance of shares. This includes signing and submitting on behalf of the company all documents, notifications, permits, or agreements that the authorized person considers appropriate concerning the issuance of shares.
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- By Neel Achary
11, Apr 2026
Sagarmala Initiative Accelerates Maritime Infrastructure Growth
Apr 11 (BNP): India’s flagship port-led development initiative, the Sagarmala programme, continues to strengthen the country’s maritime economy with significant progress in infrastructure expansion, cargo movement, and employment generation.
According to official updates, the programme has already completed 315 projects, while 210 projects are currently under implementation and another 320 are in the planning stage. These initiatives are aimed at modernising ports, improving connectivity, and boosting industrial activity along India’s coastline.
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A major focus has been port modernisation, with 120 projects completed, adding more than 400 million tonnes per annum (MTPA) of new handling capacity. In addition, 106 completed road and rail connectivity projects have significantly improved cargo evacuation efficiency, reducing delays and improving trade competitiveness.
The shift toward coastal shipping and inland waterways has also seen strong growth. Coastal cargo movement has increased to 195 MTPA from 87 MTPA, marking a rise of 118%, while inland waterway cargo has surged dramatically to 145.50 MTPA from 18.10 MTPA, reflecting a growth of nearly 700%. This transition has helped reduce logistics costs by moving freight from road to more efficient water-based transport systems.
Officials note that the programme is playing a crucial role in strengthening India’s economic growth by lowering transportation costs, improving supply chain efficiency, and enhancing export competitiveness.
The Sagarmala initiative is also expected to generate large-scale employment opportunities, with an estimated potential of around one crore jobs, including 40 lakh direct and 60 lakh indirect positions through port-led industrialisation and related infrastructure development.
Overall, the programme is emerging as a key driver in transforming India’s maritime sector into a modern, efficient, and globally competitive logistics hub, supporting the country’s long-term economic growth ambitions.
11, Apr 2026
US, India Discuss Expanded Energy Cooperation After Landmark Nuclear Bill
New Delhi, Apr 11 ( BNP): United States Ambassador to India Sergio Gor on Friday said he held a “productive interaction” with US Secretary of State Wright and Foreign Secretary Vikram Misri in New Delhi, with discussions centered on strengthening future energy cooperation between the two countries.
The meeting comes shortly after India’s passage of the Sustainable and Holistic Advancement of Nuclear Technology and Infrastructure (SHANTI) Bill, a landmark legislation aimed at expanding the country’s civil nuclear energy framework and boosting long-term clean energy development.
According to officials, the discussions focused on opportunities for deeper collaboration in the energy sector, particularly in areas such as nuclear technology, clean energy transition, and strategic energy security partnerships.
The engagement reflects growing momentum in India–US relations, with both sides exploring ways to enhance cooperation in critical and emerging energy technologies amid global efforts to transition toward sustainable energy sources.
11, Apr 2026
Mega Trade Fair Opens in Bhubaneswar
Bhubaneswar, Apr 11 (BNP): The 13th Bhubaneswar International Trade Fair 2026 was officially inaugurated Yesterday at Janata Maidan in Bhubaneswar. The event is being organized by Gupta Event Management Pvt. Ltd. and marks another major edition of the city’s prominent trade exhibition.
Pi Credit: Pexel
The inauguration ceremony witnessed the presence of several distinguished guests, including Odisha Olympic Association President Samir Mohanty, BJP Bhubaneswar State Coordinator Rashmi Ranjan Kanungo, former MLA Priyadarshi Mishra, social worker Rosalin Patashani, Managing Director of Gupta Event Management Sujit Kumar Gupta, former Red Cross Secretary Kalpana Das, and social activist Ravi Samal.
Organizers expect more than five lakh visitors to attend the 11-day event, which features a large B2B and B2C exhibition platform. The fair brings together participants from 22 Indian states and 10 countries, showcasing over one lakh national and international products in an air-conditioned exhibition setup.
Visitors can explore a wide range of products, including Kashmiri handicrafts and furniture, Afghan dry fruits, Bangladeshi Jamdani sarees, Iranian dates and herbal oils, Dubai perfumes and apparel, Thai jewellery and footwear, Korean cosmetics, and a variety of Indian traditional crafts. The exhibition also features antiques, metal crafts, marble sculptures, leather goods from various Indian states, and consumer electronics.
The food zone at the fair offers a diverse selection of cuisines, adding to the cultural and commercial experience of the event.
11, Apr 2026
NSE to Introduce Nanosecond Level Order Acknowledgement Across All Market Segments
New Delhi, Apr 11 (BNP): The National Stock Exchange of India is set to roll out a major technology upgrade that will allow nanosecond-level order delivery acknowledgements across its equity, derivatives, currency, and commodity segments.
This advancement is aimed at significantly improving the speed and efficiency of trade processing on one of India’s leading stock exchanges. With the new system, traders will receive near-instant confirmation when their orders are received and processed, reducing latency to extremely fine time intervals.
The upgrade is expected to benefit high-frequency trading participants and institutional investors who rely heavily on ultra-fast execution and system reliability. It also reflects NSE’s continued focus on strengthening its technological infrastructure and keeping pace with global standards in modern electronic trading systems.
By extending this capability across all market segments, NSE is moving toward a more unified and high-performance trading environment, enhancing overall market responsiveness and operational efficiency.
11, Apr 2026
Delhi Govt Seeks Public Views on Draft EV Policy 2026
New Delhi, Apr 11 (BNP): The Delhi government has released the draft of its Electric Vehicle (EV) Policy 2026 and invited feedback from citizens, experts, and industry stakeholders as part of a broader effort to shape the capital’s clean mobility roadmap.
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The proposed policy aims to accelerate the adoption of electric vehicles across all segments, including private cars, two-wheelers, public transport, and commercial fleets. It also focuses on expanding charging infrastructure, improving battery-swapping facilities, and strengthening last-mile connectivity through green mobility solutions.
Officials said the draft policy has been designed to build on the progress of earlier EV initiatives while addressing emerging challenges such as infrastructure gaps, affordability, and integration of renewable energy into transport systems.
Public suggestions are expected to play a key role in refining the final policy framework, ensuring that it is practical, inclusive, and aligned with real-world mobility needs in the city.
The government is also looking to encourage private sector participation and innovation in the EV ecosystem, with a strong emphasis on reducing air pollution and transitioning Delhi toward a more sustainable transport future.
11, Apr 2026
GTRI Supports Initiative to Assess Quantum Computing Efforts
Quantum computers may one day enable revolutionary advances in fluid dynamics, drug discovery, development of better agricultural fertilizers, improved materials design and other technical areas that are beyond the capabilities of today’s conventional computers. To reach those goals, companies from around the world are pursuing a variety of approaches aimed at developing large-scale, fault-tolerant quantum computers.
The approaches of over a dozen quantum computing companies are now being evaluated through the Quantum Benchmarking Initiative (QBI), a project of the U.S. Defense Advanced Research Projects Agency (DARPA). According to the agency, QBI “aims to rigorously verify and validate whether any quantum computing approach can achieve utility-scale operation – meaning its computational value exceeds its cost – by the year 2033.”
Supporting the effort, a 40-person interdisciplinary research team from the Georgia Tech Research Institute (GTRI) has joined the test and evaluation component of QBI, providing unbiased subject-matter experts to work with 13 other research organizations in evaluating the R&D plans of participating quantum computer companies. Through this collaboration, the GTRI team is working with more than 400 other thirted-party experts on the project.
11, Apr 2026
India Pushes Seafood Exports Toward INR 1 Lakh Crore Mark, Focuses on Value Addition and Global Expansion
New Delhi, Apr 11 (BNP): The Department of Fisheries under the Ministry of Fisheries, Animal Husbandry & Dairying hosted the Seafood Exporters Meet 2026 in New Delhi, bringing together government officials and industry stakeholders to strengthen India’s seafood export ecosystem and address key challenges affecting the sector.
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The meeting, attended by Union Minister Rajiv Ranjan Singh, focused on strategies to scale up exports, improve compliance standards, and expand India’s presence in global seafood markets amid shifting international trade conditions.
The minister highlighted that India’s seafood exports have continued to grow steadily despite global uncertainties, with strong performance in non-US markets. He stressed the need to further diversify export destinations, enhance product quality, and ensure strict compliance with global safety norms, including traceability systems and antibiotic regulations.
A key emphasis was placed on tapping high-value opportunities in deep-sea fishing and island-based fisheries, particularly in regions such as the Andaman & Nicobar Islands and India’s Exclusive Economic Zone. The government also called for stronger cold-chain logistics, modern packaging, and increased value-added processing to reduce wastage and improve export competitiveness.
Officials outlined ongoing efforts to strengthen international outreach by working closely with Indian missions abroad and global trade partners. Institutions such as MPEDA, NABARD, and EIC are expected to play a larger role in capacity building, compliance support, and export facilitation.
Industry stakeholders raised concerns over high compliance costs, infrastructure gaps, tariff and non-tariff barriers, and delays in certification processes. They also called for greater support to inland fisheries, mariculture, and emerging sectors such as seaweed cultivation.
The meeting reflected a broader push to reposition India’s seafood sector as a high-value, globally competitive industry driven by innovation, diversification, and stronger global integration.
11, Apr 2026
Volatile Trade Pushes Rupee Down to 92.83 Versus US Dollar
MUMBAI, Apr 11 (BNP): The Indian rupee gave up its early gains and ended the session weaker on Friday, declining by 32 paise to settle at 92.83 against the US dollar. The fall came as rising geopolitical tensions, particularly involving the US and Iran, weighed on market sentiment.
Currency markets remained volatile throughout the day, with traders navigating uncertainty linked to global developments. Additional pressure came from regulatory factors, as the deadline for the Reserve Bank of India’s directive limiting banks’ overnight foreign exchange positions to USD 100 million came into effect.
At the interbank foreign exchange market, the rupee initially opened on a stronger note but struggled to hold onto gains as demand for the dollar increased later in the session.
Forex dealers noted that a mix of external risks and policy-driven adjustments contributed to sharp intraday swings. The cautious mood in global markets further dampened confidence, leading to the rupee’s decline by the close.
Market participants are expected to closely monitor geopolitical developments and central bank actions, which will likely influence the rupee’s movement in the near term.
11, Apr 2026
Indian Markets Extend Gains for Second Week; Nifty Climbs Past 24,000
Mumbai, April 11 (BNP): Indian equity markets continued their upward momentum for a second straight week, supported by improved global sentiment after signs of easing tensions between the US and Iran. The development helped reduce investor anxiety, particularly around energy prices, and sparked broad-based buying across sectors.
Benchmark indices recorded strong weekly gains, largely driven by short covering and renewed investor confidence. The Nifty 50 rose nearly 5.9% over the week and added 1.16% on the final trading day, closing at 24,050—its highest level in recent sessions.
The rally was further supported by softer oil prices and a positive trend in global markets, which boosted risk appetite. Banking, auto, and realty stocks emerged as key contributors to the gains, with most sectoral indices ending in positive territory.
Market participants also took comfort from easing volatility and improved foreign investor participation, which added strength to the rally.
However, analysts remain cautious about the sustainability of the uptrend, noting that future market direction will depend on how global developments unfold and whether the current positive sentiment holds.
