Ukrainian IT services company SoftServe announced the completion of its acquisition of the Indian technology services company NewVision Software, which specializes in software development and the modernization of IT infrastructure based on cloud technologies, according to a company press release published on Tuesday.
As part of the deal, more than 700 engineers will join SoftServe. Among others, NewVision Software CEO Kapil Godani and Co-Chairman of the Board Balan Ramaswami will also join the company.
It is noted that NewVision Software will continue to operate under its own brand as a wholly owned subsidiary of SoftServe.
According to Andriy Stitsyuk, SoftServe’s Chief Financial and Operating Officer, an increasing number of the company’s clients are developing large-scale GCCs (Global Capability Centers) in India, where business decisions are made and engineering development takes place.
“Being alongside these teams in the same time zones and work environment allows SoftServe to co-create solutions in real time and respond quickly to new opportunities,” Stitsyuk is quoted as saying in the press release.
“In SoftServe, we have found a partner that shares this vision and combines world-class engineering expertise with a deep commitment to client success. Together, we can offer clients broader capabilities, greater scale, and confidence in implementing AI initiatives, while maintaining the level of partnership and engagement for which our teams are renowned,” said Kapil Godani, CEO of NewVision Software, in the press release.
SoftServe is a global digital engineering and technology consulting firm specializing in AI, data, and cloud solutions. The company was founded in 1993 in Lviv. Approximately 10,000 employees work in 49 offices around the world. Taras Kitsmey, Yaroslav Lyubinets, Oleg Denis, Yuriy Vasylyk, and Taras Verveha are co-owners of the IT services company SoftServe; Harry Propper serves as CEO.
NewVision Software is an IT consulting and technology services company specializing in software development, intelligent managed services, product engineering, and agentic assurance. NewVision Software’s headquarters are located in Pune, India.
Indian citizens became the largest group of foreign real estate buyers in Dubai in 2026, according to data from the DXB Interact platform, as reported by Gulf Today and Khaleej Times.
According to DXB Interact, Indian buyers accounted for 20.59% of total real estate purchases in the emirate as of late February 2026. In a Khaleej Times article citing Harbor Real Estate and DXB Interact, this figure was rounded to 20.6% as of early 2026.
Buyers from the United Kingdom ranked second with a share of 13.26–13.3%, followed by Egyptian citizens in third place with 12.6%. Next came the United States—about 9%, Pakistan—6.9%, Saudi Arabia and Australia—5.7% each, Germany—about 4.2%, France—3.8%, and Canada—about 3%.
Just outside the top ten, according to DXB Interact, are the Netherlands with a 2.83% share, Russia at 2.5%, Morocco at 2.33%, Spain and Kuwait at 2.11% each, Turkey at 2.05%, and Nigeria at 1.89%.
Analysts attribute foreign buyers’ sustained interest in the Dubai market to political stability, the absence of income tax, the possibility of 100% foreign ownership of properties in freehold zones, and long-term residency programs, including the Golden Visa.
Compact apartments remain the most active segment of the market. According to the Khaleej Times, one-bedroom apartments accounted for 34.9% of sales, or 27,590 transactions; studios accounted for 23.4%, or 18,471 transactions; and two-bedroom apartments accounted for 20.7%, or 16,399 transactions. This demand reflects investors’ interest in liquid properties with a lower entry threshold and rental yield potential.
Among Dubai’s districts, Dubai Islands led in apartment sales with 8.4 billion dirhams, followed by Airport City with 7.2 billion dirhams and Business Bay with 6 billion dirhams. In the villas and buildings segment, Al Yalayis 1 took first place with 10.6 billion dirhams, while Me’aisem Second led the land plots segment with 10.1 billion dirhams.
Harbor Real Estate assesses the current situation as a transition of the Dubai market from a phase of rapid growth to a more sustainable cycle. According to the company, demand is increasingly being driven by end buyers and long-term investors, rather than short-term speculators.
An increase in supply could be an additional factor contributing to market stabilization. According to the Khaleej Times, citing a report by Harbor Real Estate, more than 160,000 residential units are scheduled for completion in 2026, although the actual number of units completed is expected to be significantly lower. For comparison: approximately 39,700 units were completed in 2025, and 30,500 in 2024
Regarding the Dubai real estate market, the ranking of foreign buyers shows that demand remains geographically diversified. India and the United Kingdom retain key positions, but buyers from the Middle East, North Africa, North America, Australia, and Europe also play a significant role. This reinforces Dubai’s status as one of the leading international centers for real estate investment.
Ukrainians’ attitudes toward India are characterized by a predominance of neutral assessments and a relatively low level of clearly defined positive or negative views. According to the results of a sociological survey conducted in March 2026 by the research company Active Group in collaboration with the Experts Club information and analytical center, 55.5% of respondents described their attitude as neutral, making India one of the countries with the least defined emotional perception among Ukrainians.
The share of positive assessments stands at 17.9%, which is slightly higher than the 16.0% recorded in August 2025. At the same time, negative attitudes have decreased from 26.3% to 23.5%, indicating a certain softening of critical assessments.
In the detailed breakdown of responses, 4.2% of respondents chose the “completely positive” option regarding India, while another 13.8% selected “mostly positive.” In contrast, 19.6% of respondents indicated a “mostly negative” attitude, and 4.0% — “completely negative.” Another 3.0% of respondents were undecided.
The high proportion of neutral assessments indicates India’s limited presence in the Ukrainian information and public sphere. For a significant portion of respondents, this country is not the subject of constant attention or active engagement, which makes it difficult to form a clear position. At the same time, the noticeable decline in negative assessments may indicate a gradual reduction in critical perceptions.
The dynamics of change between August 2025 and March 2026 are relatively moderate. The increase in positive assessments and the simultaneous decrease in negative ones signal a certain balancing of attitudes, but do not alter the overall picture: India remains a country that Ukrainians perceive more neutrally than emotionally.
It is also important to note that the ratio of positive to negative assessments remains close, albeit with a slight preponderance of the negative. This means that in the absence of active informational or economic interaction, public opinion forms slowly and lacks a clearly defined direction.
“Attitudes toward India are a telling example of how a neutral perception forms in cases of limited interaction. When a country lacks a constant presence in the information sphere or practical cooperation projects, public opinion remains vague. “That is why, to strengthen a positive perception, it is important to develop economic and humanitarian ties that create a sense of genuine partnership,” noted Maksym Urakin, founder of the Experts Club information and analytical center.
Thus, the survey results indicate that India does not yet belong to the group of countries with a clearly established positive image in Ukraine. At the same time, current trends open up opportunities for a gradual improvement in perception, provided there is more active interaction between the countries.
According to a study conducted by the Experts Club information and analytical center based on data from the State Customs Service, India ranks fifteenth in terms of total trade in goods with Ukraine, amounting to $2.62 billion. At the same time, imports of Indian goods are more than double exports from Ukraine, resulting in a negative bilateral trade balance.
The study was presented at the Interfax-Ukraine press center; the video can be viewed on the agency’s YouTube channel. The full version of the study can be found at this link on the Experts Club analytical center’s website.
ACTIVE GROUP, EXPERTS CLUB, INDIA, Pozniy, SOCIOLOGY, SURVEY, UKRAINE, URAKIN
In India, amid a severe shortage of liquefied petroleum gas, demand is growing for traditional fuels, including firewood and dried cow dung.
The crisis was triggered by disruptions in LPG shipments through the Strait of Hormuz amid the war in the Middle East. Reuters and other outlets report that India, where about 65% of cooking fuel relies on imports, is facing one of the most serious gas crises in recent decades, and authorities have already restricted industrial consumption to prioritize supplying households.
Amid the shortage, Indian media are reporting that some households and small businesses are returning to cheaper and more accessible fuel sources. In particular, the Times of India writes about the shift to coal, firewood, and kerosene in Jamshedpur, while Bloomberg notes a rise in biofuel sales.
According to the Times of India, commercial consumers in several Indian cities have faced a sharp rise in LPG prices, and supplies have either been cut or partially diverted to the black market. This has already led to higher costs for restaurants, bakeries, and small retailers, and some businesses have been forced to seek alternatives to gas.
Oat exports from Ukraine in January-February 2026 decreased by 98% compared to the same period in 2025, according to the information and analytical agency APK-Inform, citing its own monitoring data.
According to the report, 506 tons of oats were shipped to foreign markets in January, while in February, exports fell to 215 tons. The main buyers of Ukrainian oats in December 2025 were Turkey and India, whose shares in the structure of shipments were 90.3% and 4%, respectively.
“The decline in exports is due to the suspension of purchases by leading importing countries — Turkey and India. At the same time, demand prices for oats in 2026 are mainly fixed in the previously formed range — 8,900-10,500 UAH/ton CPT port,” analysts said.
APK-Inform noted that despite minimal export volumes, the domestic market maintains stable price indicators in ports. This allows producers to hold grain in anticipation of a recovery in demand from major trading partners.
Indian Prime Minister Narendra Modi called on the international community to shape a “human-centric” future for artificial intelligence and presented the MANAV framework for global AI governance at the AI Impact Summit 2026 in New Delhi.
According to Modi, AI has the potential to accelerate change to a scale that was previously measured in decades, so it is crucial to adopt an approach where technology serves people, not the other way around, and where the well-being of society is at the center.
Within the framework proposed by India, MANAV (meaning “human”), the prime minister outlined five pillars: moral and ethical principles, accountable governance, respect for national sovereignty over data, accessibility and inclusiveness, and the legality and verifiability of AI systems.
Modi separately emphasized the need to counter deepfakes and disinformation, proposing the introduction of common standards for labeling digital content, including watermarks and source verification, and stressed the importance of protecting children when interacting with AI.
As examples of the practical application of AI in India, he cited the digital assistant for farmers, Sarlaben, which, according to him, provides advice on livestock health and dairy farm productivity, as well as initiatives for multilingual consultations for farmers, including Bharat-VISTAAR.
The Prime Minister also said that as part of the India AI Mission, India is rolling out computing infrastructure and a national repository of data and models to make access to capabilities cheaper for startups and accelerate the development of the AI ecosystem.
