UAE: How Dubai, Abu Dhabi tackle the problem of abandoned vehicles
Dubai Municipality has initiated a campaign against abandoned vehicles as residents return from summer holidays. The "Clean Vehicle, Sustainable City" campaign aims to raise awareness about the negative impact of neglected vehicles and promote social responsibility. A team monitors and documents neglected vehicles and equipment throughout the emirate, with violators facing fines and potential vehicle confiscation. Abu Dhabi has also recently launched a similar campaign to clear public spaces of abandoned cars.

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Torrent Pharma has joined the race to buy out the Hamied family’s stake in Cipla, said people aware of the matter, in what could be the biggest pharma deal since 2014.

CaratLane Trading, now majority owned by the Tata Group’s Titan, has challenged a show-cause notice (SCN) from the Directorate of Enforcement (ED) alleging that it had violated rules between 2011 and 2014 by receiving foreign direct investment (FDI), said people with knowledge of the matter. This predates Titan’s investment in CaratLane.

India’s economy likely expanded 7.8% in the June quarter, according to the median forecast of an ET poll of 20 economists. Resilient domestic demand, government capital expenditure and a nascent revival in private investment supported growth in the quarter amid a global slowdown.

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