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Economy

Aabar Investments is demanding a hefty premium for its minority stake in Malaysia’s No.4 bank, sources say, as the Abu Dhabi state fund leverages on its amplified role in a $22 billion merger that will create Southeast Asia’s fourth-largest lender. When the Malaysian stock exchange last week barred the Employees Provident Fund (EPF) from voting on a plan to merge CIMB Group Holdings, RHB Capital Bhd and […]

India Takes

NEW DELHI — The Indian Defence Ministry — faced with a shortage of ammunition for its Russian-made T-90 tanks, coupled with an inability to produce ammunition at home — has no choice but to give in to Russian terms and purchase marked-up ammo from Moscow, an MoD source said.   The MoD reluctantly agreed to the deal last month, despite the fact that Russia hiked the price […]

India Takes

NEW DELHI: Eighty-eight infrastructure and industrial projects, involving investment of nearly Rs 3 lakh crore – which is more than the Centre’s budgeted income tax collections for the current financial year – have become operational over the past few months. This will help in adding jobs and easing pressure on banks, which had lent to the projects that got stuck due to lack of government clearances.   […]

India Takes

NEW DELHI: Private power producers have raised several concerns over bidding norms for ultra mega power plants (UMPPs), particularly the design-build-finance-operate-transfer (DBFOT) model where lenders’ exposure to the project is not fully secured.   Under the model, developers are required to transfer the power plant to the government at the end of the contract period, a provision that makes potential lenders jittery.   Last week, Adani Power, […]

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India Takes

NEW DELHI: The Narendra Modi government made a volte face of sorts on Friday when it cited the same reasons that the previous Congress-led regime had given to keep secret the names of people who have allegedly stashed black money in overseas accounts.   In an application to the Supreme Court, which had directed the government to reveal those names, the government said such a step would […]

Featured Blogs

Syrian Kurdish refugees wait behind the border fences to cross into Turkey near the southeastern Turkish town of Suruc on Friday. Reuters SURUC—Some 1,000 people fleeing Islamic State insurgents in Kobani, remain stranded in a no-man’s-land at the Turkish-Syrian border. Some have been sleeping in their vehicles for a month, waiting for the fighting around the city to end, meanwhile risking their lives. Cars, taxi cabs, trucks, […]

India Takes

Hyderabad: Reserve Bank of India (RBI) Governor Raghuram Rajan has said the central bank is in talks with the Centre to set up a financial resolution authority (FRA). “We really need a financial resolution authority so that we can close financial institutions in trouble, without necessarily merging those and taking the losses. We need to clean institutions…while resurrecting those functioning well. FRA will be the entity that […]

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India Takes

New Delhi: Oil companies’ gains on diesel sales jumped 87 per cent within a fortnight on a historic slide in global crude prices. Their profits from diesel, recorded for the first time ever, continue as the government delays a decision on deregulating its price.   “The over-recovery on high-speed diesel (HSD), applicable for the second fortnight effective October 16, is now Rs 3.56 per litre. The over-recovery […]

India Takes

KOLKATA: NTPC is firming up plans to enter power distribution, an area the state-run company has mostly stayed away from so far despite producing more than a quarter of India’s total electricity output.   It plans to bid for distribution rights in cities that may open up the segment to the private sector. Just a handful of Indian cities at present have private distributors, all in joint […]

Middle East

Video | Fighting Rages in Syrian Border Town President Recep Tayyip Erdogan of Turkey warned that the Syrian border town of Kobani might fall to Islamist militants as fighting intensified between Kurdish rebels and Islamic State fighters. By KARAM SHOUMALI and ANNE BARNARD October 7, 2014 MURSITPINAR, Turkey — President Recep Tayyip Erdogan of Turkey said Tuesday that the Syrian border town of Kobani, under siege from Islamic State fighters, was […]

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Middle East

ABU DHABI // Concerns about the UAE’s food security should not be believed, according to the chief executive of a food retail company. Wisal Ahmed, who heads the Alam Group, which owns the eponymous supermarkets, said the country had sufficient resources to take care of any unforeseen circumstances, whether man-made or natural. A UK-based research centre, Chatham House, published a report in November last year in which […]

What's On

Cisco is adding some muscle and money to its Intercloud skeleton, signing over 30 new partners to its worldwide network of interconnected clouds. The new alliances add 250 data centers in 50 countries to Intercloud. Cisco Capital,a wholly owned subsidiary of Cisco, has also earmarked $1 billion in financing to the effort, providing the money so Cisco customers and partners can more quickly adopt the Cisco technologies […]

Politics

Defiant pro-democracy demonstrators remained on the streets of Hong Kong’s financial center early Monday, after a day of protest-fueled clashes that left at least 38 people injured. Despite calls from organizers for them to return home, many of the protesters continued to jam streets of the business district. The demonstrations, which authorities have intermittently attempted to disperse by force, follow a week of student-led boycotts and protests […]

What's On

In a move to tap into the vast opportunities in China’s technology industry, Intel plans to invest as much as $1.5 billion for a minority stake in a holding company there. Intel is acquiring 20 percent of a Tsinghua Holdings operating subsidiary to execute its mission. Tsinghua is a solely state-owned limited liability corporation funded by Tsinghua University in China. By partnering with Tsinghua, Intel aims to […]

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Featured Blogs

Several factors could stimulate growth in the sector toas many as two billion by 2020. M2M connections to account for 10pc of mobile market ATLANTA, 1 days ago Cellular machine-to-machine (M2M) communications will account for at least 10 per cent of the global mobile market by 2020, according to a new study by GSMA Intelligence, the research arm of the GSMA. The study, entitled ‘Cellular M2M forecasts […]

Featured Blogs

Several factors could stimulate growth in the sector toas many as two billion by 2020. M2M connections to account for 10pc of mobile market ATLANTA, 1 days ago Cellular machine-to-machine (M2M) communications will account for at least 10 per cent of the global mobile market by 2020, according to a new study by GSMA Intelligence, the research arm of the GSMA. The study, entitled ‘Cellular M2M forecasts […]

What's On

Call it a case of “now you see it, now you don’t.” Apple on Wednesday released iOS 8.0.1, hoping to appease users encountering problems after downloading iOS 8, including fast-draining batteries, Wi-Fi connection problems and crashing apps. But the tech giant quickly pulled the update after users reported even more glitches such as non-working SIM cards, i.e., not being able to connect to cellular networks, and broken […]

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Featured Blogs

Actress Emma Thompson and her daughter Gaia take part in the “People’s Climate March” in central London Photo: REUTERS Down with climate change! Listen – and heed – Emma Thompson’s dire warning on global warming! There now, how’s that? Having satisfied everyone’s environmental conscience, let’s tackle the other burning (but, let me stress, not fossil-fuel) issue at the heart of the People’s Climate March in London at the […]

Featured Blogs

Image: Bigstockphoto. For illustration purpose only How UAE’s private sector can improve Emiratisation DUBAI, 1 days ago There has been an increasingly competitive talent attraction landscape amongst UAE businesses for some time now, with many companies, particularly in the private sector, struggling to recruit enough Emirati nationals to fulfil goals laid out by the government. Gavin Smith, managing director of ReThink MEA, a specialist recruiter in the […]

Featured Blogs

Edinburgh in the sunshine Photo: AP In bright sunshine this past week, the cobbled pedestrian streets of Edinburgh and the bustling byways in and around the Royal Mile have been thronged with students getting to know Scotland’s historic capital. Students like me, eager to start this new chapter in our lives while enjoying the cheap alcohol and easy socialising that comes with Fresher’s Week. However, behind the carnival […]

Featured Blogs

By Telegraph View 6:00AM BST 15 Sep 2014 The United Kingdom is teetering on the brink of dissolution; opinion polls show that the Scottish referendum is too close to call with any certainty. Those polls also show that half a million Scots have yet to make up their minds. That is an unnerving statistic: the future of the country rests upon how their indecision crystallises on Thursday, […]

What's On

Apple is generating plenty of buzz for its iPhone 6 and Apple Watch models, but behind the scenes it’s the iOS 8 that’s gluing all the innovations together. The tech giant will start rolling out the new version of its mobile operating system on September 17 for the iPhone, iPad and iPod touch users as a free update. Apple is billing iOS 8 as a simpler, faster […]

What's On

Global retail revenue from smart wearable devices will triple in volume by 2016 before eventually reaching $53.2 billion in sales by 2019, according to Juniper Research. The findings were published in a new report, “Smart Wearable Devices: Fitness, Glasses, Watches, Multimedia, Clothing, Jewelry, Healthcare & Enterprise 2014-2019.” The report maintains that the recent entry of key industry players within the wearables sector — such as Apple, which […]

Featured Blogs

An executive holds the Syqe inhaler at the company’s office in a Tel Aviv industrial complex. In the background is an empty floor room being readied to produce the first models. Josh Mitnick for The Wall Street Journal Doctor-prescribed joints might one day become a relic of the past if cannabis technology venture Syqe Medical Ltd. has its way. The government backed start-up, an outgrowth of Israel’s […]

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