By Subrata Majumder Paradoxically, while Prime Minister Narendra Modi succeeded in persuading the Japanese and Chinese investors, he failed to influence the big American investors. Instead, his political wave and speech impelled the Indian Diaspora only. While a number of billion dollar projects were signed during his visit to Japan and the Chinese President Xi Jinping’s visit to India, no major deal was signed during his […]
From L.S. Herdenia BHOPAL: Madhya Pradesh is the home state of Nobel laureate Kailash Satyarthi – the founder of ‘Bacchpan Bachao Andolan’. Satyarthi was born 60 years back at Vidisha, a district headquarter town about 55 kms from Bhopal. He did his schooling and degree in engineering from the government engineering college at Vidisha but instead of going for a cushy job, he chose the […]
NEW DELHI: Having proved himself as a ‘rock star’ abroad and a vote-getting machine at home, Prime Minister Narendra Modi is now going to do what people are telling him to do: Take policy decisions that cannot be put off any longer. The first of these is a Cabinet reshuffle likely by the end of this month – after Diwali. A brace of decisions on economic […]
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 […]
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 […]
NEW DELHI: DRDO is developing an air-launched version of the 1,500-km-range Nirbhay sub-sonic cruise missile which would be capable of being fired from the Air Force’s frontline Su-30MKI combat aircraft. “This Nirbhay missile would be capable of being used from air, land and ships and submarines. An air-launched version of the missile is also being planned,” DRDO chief Avinash Chander told PTI here. He said […]
An advertisement by the highway outside Dubai’s massive Jebel Ali Port tells firms they don’t need to ship goods through the Strait of Hormuz, the traditional gateway to the Gulf. Instead they can have goods delivered to a port in Oman, outside the Gulf, and bring them into the region by road. “Why go through the Strait when you can go straight to the Gulf,” the billboard […]
NEW DELHI: The telecom regulator has proposed to set the base price of 1800 MHz band in the upcoming spectrum auctions at 10% more than the previous round, a recommendation that operators and analysts say is likely to hurt an industry that is laden with debt and facing an uncertain business environment. The Telecom Regulatory Authority of India (Trai) has suggested Rs 2,138 crore as the […]
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 […]
NEW DELHI: To expedite infrastructure projects — road and rail — along the border with China for strategic reasons and also for better connectivity, principal secretary to Prime Minister has called a meeting of top officials of key ministries such as defence, rail and road, head of Border Roads Organization (BRO), national security adviser and others on Thursday. Sources said the agenda of the meeting to […]
Children sit in their classroom in Dubai. IPO candidate Amanat is betting that healthcare spending and student enrolments in the Gulf will continue to grow rapidly. Agence France-Presse/Getty Images As U.A.E.-based greenfield company Amanat prepares to launch its initial public offering in Dubai next week, its target sectors healthcare and education appear increasingly crowded. Amanat is hoping to raise $374 million from investors, funds it will mainly […]
United Arab Emirates-based Amanat Holdings, a healthcare and education start-up, will launch its 1.375 billion dirham ($374 million) initial public offer next Monday, it said in a statement on Wednesday. The offer period for the flotation, in which 55 percent of the company will be sold to investors at 1 dirham a share, will run until Nov. 4, said the statement issued at a media event. Amanat […]
By Nantoo Banerjee Prime Minister Narendra Modi or Defence Minister Arun Jaitley may not be fully aware how the United States made India play a pawn under the UPA’s 10-year-long Sonia Gandhi-Manmohan Singh regime in America’s psychological war against the People’s Republic of China, trying to contain the latter’s geo-political ambition and keep control of the vital South China Sea that handles $5.5-trillion-worth global cargo movement […]
By Raju Kumar BHOPAL: Chief Minister of Madhya Pradesh, Shivraj Singh Chauhan is over excited after the fourth Global Investors Summit organized at Indore. His excitement can be ascribed to two reasons. First, the Prime Minister came to join the Summit and he appreciated Mr Chauhan a lot for the development of the state. Second reason is the quantum of investment promised during the Summit which […]
By Pratik Deb Salman M has made it to the headlines recently as the 25-year-old student from Kerala facing life imprisonment following his refusal to stand up during the national anthem in a theatre. His arrest and subsequent denial of bail garnered a lot of controversy as he was charged with sedition for, reportedly, ‘sitting and disrespecting’ the national anthem. Beyond the bizarre and disturbing decision […]
Dubai’s banks are extending loans to the local diamond industry, boosting the emirate’s ambitions of becoming a top trading hub as funding to rival Antwerp dries up. Emirates NBD PJSC. (EMIRATES), Mashreqbank PSC. (MASQ), and National Bank of Fujairah PJSC., are financing diamond cutters, polishers and traders operating on the Dubai Diamond Exchange for the first time, Peter Meeus, chairman of the exchange, said in an Oct. […]
African markets are gradually opening to Islamic finance, buoyed by governments’ debut sales of sovereign sukuk (Islamic bonds) and legislative efforts to make the sector more attractive for companies across the region. Despite the strong growth of Islamic finance in its core markets, the Middle East and southeast Asia, the industry has lagged in Africa, which is home to one in four of the world’s Muslims. This […]
By Amulya Ganguli West Bengal chief minister Mamata Banerjee’s decline in the eyes of the middle class began within days of her assumption of office when she rushed to a police station to secure the release of several anti-socials who had been rounded up by the police on the charges of hooliganism. That the head of the government would personally go to a thana in aid […]
Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters in the 1980s, the world’s top oil exporter Saudi Arabia is determined not to make the same mistake again. The oil glut of the 1980s, the early days of the modern crude market and a distant memory for most traders, has resurfaced recently in conversations with […]
From L.S. Herdenia BHOPAL: The three day Global Investors meet concluded last week with the promise of investment to the tune of Rs. 6.89 lakh crores in Madhya Pradesh. Addressing media after the conclusion of the fourth such summit, Chief Minister Shivraj Singh Chauhan said that the government has received 3,165 investment proposals worth Rs. 4.36 lakh crore from investors who registered on the official website. […]
|By TAP Staff| Dubai-headquartered Transworld Group and NAWAH announced entering into a formal agreement to service Iraq’s growing demand for imports, linking their shipping, logistics, marine services and port capabilities. As part of their agreement, Transworld Group and NAWAH Port Management will team up to increase the flow of essential goods coming from the broader Middle East, Indian subcontinent, Far East and Southeast Asia into the historic […]
Stock markets across the Middle East tumbled on Sunday, led by Dubai and Saudi Arabia where the main indexes sank 6.5 percent, as declines on global bourses and falling oil prices sparked a broad sell-off in the region. Global markets took a big hit on Friday as investors fled to the safety of government bonds after a raft of weak indicators from Europe and China collided with […]
Iran will sell its oil to Asia in November at the biggest discount in almost six years, matching cuts by Saudi Arabia as global crude benchmarks slide deeper into a bear market. State-run National Iranian Oil Co. cut official selling prices of its crude to buyers in Asia for November, two people with knowledge of the pricing decision said yesterday. The decrease came a week after Saudi […]
By Harihar Swarup It is unbelievable but true that there are as many as 3,000 obsolete, redundant or repetitive laws in India. There are over 300 colonial-era enactments in force, which are absolutely redundant. Some of these British-era laws are even derogatory to a particular group and hence remind us of the days of slavery. Have a look at some of the ridiculous laws still […]
