Indian Prime Minister Narendra Modi has led his Bharatiya Janata Party to a landslide victory in state elections in the bellwether state of Uttar Pradesh, an affirmation of his enduring popularity midway through his term. The Hindu nationalist BJP won 324 of 403 state assembly seats in India’s most populous state, a magnitude of victory not seen in state polls there since 1980. The decisive mandate in a […]
Image: Nv/EPA/REX/Shutterstock By Manish Singh2017-03-02 07:24:14 -0500 India’s major IT firms have long required their employees to give a three-month, “non-negotiable” notice before leaving the company, but they could be soon forced to change that. Fed-up IT professionals from across India have reached out to the government, complaining that it is “unrealistic” for anyone to plan that far ahead. Over 28,000 professionals have signed a petition, […]
By Alan Baldwin | SILVERSTONE, England SILVERSTONE, England Vijay Mallya, the one-time billionaire who co-owns the Force India Formula One team, said on Wednesday Indian authorities had no grounds to extradite him from Britain and he would not be leaving. India wants Mallya to face trial after the liquor and aviation tycoon was charged with conspiracy and fraud over a loan to his defunct Kingfisher Airlines. It […]
Microsoft CEO Satya Nadella has said India has ‘entrepreneurial energy,’ and that he hopes his company can harness India’s move to make its vast biometric database available to app developers. In Bangalore Monday, Mr. Nadella said he wanted Indians to be able to access Microsoft products using their Aadhar ID cards, and that his company was teaming up with Flipkart, India’s rival to Amazon. Here are five […]
India’s government is allowing app developers to use its biometric database of more than a billion citizens as part of an initiative called “India Stack.” The developers can use customers’ fingerprint and iris scans to compare against records stored as part of the government’s vast biometric data-collection program, to create new ways to access insurance, banking, healthcare and employment. As outlined in a Wall Street Journal article, […]
Key to enhancing and diversifying its service offering in the domestic maritime industry 20 February 2017 Riyadh – Saudi Arabia – Bahri, a global leader in logistics and transportation, has opened a new office in Mumbai to strengthen its presence in the fast-growing Indian maritime industry and lay the foundation to offer diverse shipping services to domestic customers. The new office, located in the central suburb of […]
Strata Manufacturing, the advanced composite aero-structures manufacturing company owned by Mubadala Development Company, has signed an agreement which will look at using 3D printing technology to create aircraft parts. The deal inked with India’s Reliance Defence Limited is part of plans to collaborate on advanced aerospace manufacturing capabilities between India and the UAE. The agreement continues to deepen the bilateral ties developed between the UAE and India […]
India’s space agency on Wednesday broke a world record by launching 104 satellites from a single rocket. The mission reinforces India’s reputation as a reliable and cost-effective option for launching satellites. These photos show the moment the Indian Space Research Organization’s Polar Satellite Launch Vehicle released the satellites. For breaking news, features and analysis from India, follow WSJ India on Facebook. (via WSJ)
When India suddenly banned its largest bank notes in November, it led to confusion throughout the country and slowed down the cash-dependent economy. In big cities, the cash ban appears to be spurring digital payments, as the government had hoped. But in rural India, where internet access isn’t reliable, financial access through digital services is slow to take hold. The Wall Street Journal reported on how people […]
Feb 16, 2017 10:46 am IST The decision of Indian Prime Minister Narendra Modi to do away with large-denomination notes in November led to a temporary cash shortage that slowed the economy and forced people to queue at banks to get money. New Delhi touted its move as an opportunity to make India’s economy less dependent on cash, saying it will help it shrink the black economy […]
Feb 15, 2017 11:46 am IST India’s space agency on Wednesday reached a new milestone by launching a record 104 satellites using a single rocket. The satellites, from seven countries, were carried by the Polar Satellite Launch Vehicle of the Indian Space Research Organization. It was the 39th successful launch of the agency’s workhorse rocket. The feat eclipses the record set by Russia in 2014 when it […]
|By Matein Khalid| The US Dollar Index has now fallen 3.5% since it peaked on January 3. Donald Trump and his White House aides broke the 20 year taboo against speaking out against the “strong dollar” policy platitudes. The Federal Reserve did not raise interest rates and signaled no rate hike is imminent at the March FOMC. It is significant that the US dollar has fallen against […]
Indian Prime Minister Narendra Modi’s surprise announcement that he was cancelling 86% of the country’s cash overnight triggered weeks of panic and long lines of people trying to exchange or deposit their old notes. The meandering lines have disappeared but India’s cash-driven emerging market is still suffering as the new bills haven’t reached every corner of the economy and consumers and companies are still struggling to shift more of their transactions […]
Feb 13, 2017 11:59 am IST An earnest band of Indian activists is asking rich people to boycott money, so there’s more for the needy. A motley mix of bankers, Bollywood stars and bikers have pledged their support to Prime Minister Narendra Modi’s November move to ban almost 90% of Indian currency to fight counterfeiting, tax evasion and terrorism. A story from The Wall Street Journal investigated […]
Video footage of a young cyclist who was run over by a bus sparked soul searching in India as local media declared that bystanders had failed to help him, choosing to film the scene instead. The 23-year-old man, Anwar Ali, was hit by a bus while cycling in Koppal in the southern state of Karnataka on Wednesday and died in hospital three hours later, police said. As […]
Canceling cash was just the beginning. An article in Wednesday’s Wall Street Journal takes a look inside the next phase in India’s war on the underground economy. After Prime Minister Narendra Modi forced his countrymen to turn in their high-value rupee bills late last year, tax sleuths are now sifting through records of millions of bank deposits to see who might have brought in cash that was […]
Feb 10, 2017 11:23 am IST Indian Institutes of Technology were ranked fourth for educating students who went on to create billion-dollars startups, a report by Sage, a U.K-based accounting software firm said this week. Stanford University was the source of the largest number of unicorn founders, followed by Harvard University and the University of California. So what is the secret at the IITs? An impossibly competitive […]
State elections in India’s most populous state of Uttar Pradesh begin Saturday. While it is only a poll for the local legislative assembly, the results of the vote in the northern state will play a big part in molding Indian politics for years to come. Which parties, policies and politicians win votes will be a referendum on the policies of Prime Minister Narendra Modi’s government, particularly on […]
Hundreds of millions of Indians are not in the habit of using toilets, partly due to a lack of latrines. This shortfall in basic infrastructure means that people use the great outdoors to relieve themselves. Thatleads to child deaths, stunting and various diseases which is why Prime Minister Narendra Modi has made it one of his many missions to make more of India what New Delhi is […]
Researchers studying an annual outbreak of mysterious illnesses among children living in India’s northern state of Bihar believe they might have found the cause – lychee consumption. Since 1995, cases of an acute neurological illness have been reported in Muzaffarpur, the largest area for cultivation of the fruit in the country, between the months of May and July. They peak in June to coincide with the month-long […]
Your daily guide to community and cultural activities across the Emirates for February 3, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Outdoor market Check out the Marhaba Market at Deerfields Mall, which offers family fun and […]
India’s government on Wednesday announced its budget which laid out its strategy to boost economic growth following its move in November to void 86% of high-value bank notes. The Wall Street Journal’s South Asia Deputy Bureau Chief Eric Bellman and reporter Newley Purnell will be live on Facebook on Thursday at 10 a.m. India time (11:30 p.m ET) in New Delhi to discuss the budget. Send us […]
India’s Finance Minister Arun Jaitley managed a fine balancing act in his budget announcement Wednesday, increasing spending to stimulate growth while at the same time ensuring the government’s financial health isn’t weakened. Investors reacted positively to his announcements, as the benchmark stock index climbed as much as 1.8% after he presented the budget to Parliament. Measures to boost a variety of sectors and strengthen the government’s efforts […]
Millions of Indians are preparing to vote in the biggest test of public opinion since prime minister Narendra Modi announced the demonetisation of 500 and 1,000-rupee notes three months ago – a move which has plunged the country into an unprecedented cash crisis and sent the economy into a tailspin. Over the next four weeks, starting today, a series of regional elections will be held across India […]
