NEW DELHI // The first “strategic dialogue” between the UAE and India was held yesterday, days ahead of the state visit of Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces. Sheikh Mohammed will arrive on Tuesday for a three-day visit, where he will be the chief guest at India’s 2017 republic day celebrations from January 24 to 26. […]
Kabir Mulchandani is a hands-on developer. While he may not be laying bricks, the SKAI Holdings CEO forwent his air-conditioned office in Downtown Dubai for an often stinking hot construction site on the Palm Jumeirah for the two years that it took for his flagship $1.2 billion hotel to be built. It was only in November that he finally walked offsite when the Viceroy Dubai Palm Jumeirah […]
Departing U.S. President Barack Obama called Indian Prime Minister Narendra Modi to say goodbye in his last days at the White House, after the pair struck up a high-profile diplomatic friendship that saw them visit each other’s countries for meetings, tea and hugs. A news release from the White House Thursday said that Mr. Obama thanked Mr. Modi for his partnership. The pair also reviewed their joints […]
President-elect Donald Trump’s imminent inauguration is forcing India’s massive technology outsourcing industry to rethink hiring practices in the U.S., its largest market, as detailed in The Wall Street Journal Thursday. For years Indian companies like Tata Consultancy Services Ltd., Infosys Ltd. and Wipro Ltd. have been sending programmers and engineers to the U.S. on high-skilled worker, or H-1B, visas to perform work for U.S. firms. Analysts say […]
Mumbai: The government is continuing its efforts to retrieve money stashed away illegally in foreign banks, including those in Panama, even as it hunts black money evaders at home. A team of tax officers and other civil servants visited Panama and some other key jurisdictions for tax information exchange in December, said two with people direct knowledge of the matter, requesting anonymity. “The government is targeting that […]
| By Arabian Post Staff| Amazon.com Inc. and India’s Flipkart Online Services Pvt have walked away from talks to acquire Dubai-based Souq.com after disagreeing over price, Bloomberg reported quoting sources. Souq is now seeking other potential investors and is negotiating with mall-operator Majid Al Futtaim, it further said. Amazon reportedly entered talks with Souq.com last year in a deal that would have been worth about $1 billion. […]
As smartphones and data plans became more affordable in India, the South Asian nation swept aside the U.S. and Brazil to become the world’s top consumer of Google Play applications last year. In terms of the number of times people in India downloaded apps from the store, which is part of Alphabet Inc.’s Google, India outpaced both the U.S. and Brazil who were above it the year before, […]
Jan 18, 2017 10:58 am IST A familiar Indian political saga played out in the country this month, as two factions of a party squabbled over what emblem to identify themselves with for upcoming state elections. In a democracy of over 1.2 billion people, many of whom are still illiterate and identify their choice on the ballot paper by the symbol adopted by the party, the answer […]
The richest 1% of Indians hold 58% of the country’s total wealth, according to Oxfam India. The stark inequality in India is worse than the global data put out by the organization, which show that the richest 1% have more than 50% of the total world wealth, Oxfam said. The anti-poverty advocacy group released a report, “An Economy for the 99%” this week to coincide with the […]
India’s Army has told its soldiers to stop complaining on social media websites, after some troops last week appeared in videos online saying they had insufficient food and poor facilities. “You can also be punished for your actions,” Army Chief Gen. Bipin Rawat told soldiers in a speech at Sunday’s Army Day celebrations in New Delhi. A man who said he was Tej Bahadur Yadav, a member […]
Canceling nearly 90% of cash in circulation cost India the mantle of world’s fastest-growing large economy in 2016, the International Monetary Fund said, though it categorized the slowdown as temporary. India’s growth slowed to 6.6% last year from 7.6% in 2015, according to the fund’s latest World Economic Outlook, which estimates that China’s economy grew by 6.7% in 2016. The fund expects India’s expansion to bounce back […]
The family of an 18-year-old woman is fighting in court for access to a new tuberculosis drug that doctors say may be her only hope of survival, in a case that is being closely watched by TB experts and health workers in India and around the world. The family of the young woman, whose name her lawyer asked to keep confidential, filed a petition in Delhi’s High […]
Can Technology Solve India’s Biggest Problem? India’s government is giving a unique ID to each of its 1.2 billion citizens, creating the world’s largest biometric data set. But some are questioning Prime Minister Narendra Modi’s decision to use technology to solve the country’s most critical problems: poverty and corruption. Photo: Karan Deep Singh/The Wall Street Journal By Gabriele Parussini Jan 13, 2017 12:56 pm IST 0 COMMENTS […]
The rollout of India’s new biometric identification system is not without problems as outlined in a story in The Wall Street Journal Friday. One of the biggest reasons there are still issues with the biometric IDs–which are already being used widely to distribute subsidies for food and fuel–is the sheer scale of Aadhaar. (via WSJ)
Rashid Bin Fahd: ‘Bilateral relations between the UAE and India are witnessing continuous development and strong potential for greater prosperity in the next phase’ Abdullah Al Saleh: ‘India’s largest trading partners.. and UAE is the largest Arab investor in India and tenth globally’ Abu Dhabi, January 12, 2017 A high-level delegation from the UAE is participating in the 8th eighth Vibrant Gujarat Global Summit which kicked […]
Jan 12, 2017 11:45 am IST Amazon.com Inc. pulled doormats emblazoned with the Indian flag from its Canadian website after the South Asian nation’s foreign minister threatened to oust the Seattle company’s employees. “This is unacceptable,” Sushma Swaraj, India’s foreign minister, wrote on Twitter Wednesday in response to a posting from a user showing an image of the doormats for sale. Ms. Swaraj, who has 7 million […]
The saga of Housing.com, once a red-hot tech startup in India, has reached a conclusion of sorts after the company was sold to rival PropTiger in a deal announced this week. Housing.com was once heralded as a trailblazer for its efforts to digitize the sale and rental of property in India. But a fall from grace, which included the ejection of its outspoken CEO and the removal of […]
Jan 11, 2017 10:15 am IST A senior Indian government minister predicted upcoming state elections would be a “complete sweep” for Prime Minister Narendra Modi’s party, which is hoping that a strong mandate will help it push through more policy changes in the second half of Mr. Modi’s term. Piyush Goyal, the power minister and a influential leader in the Bharatiya Janata Party, said he was comfortable using the […]
Doha, 9 January 2016 Dr. R. Seetharaman, Doha Bank CEO was conferred with the Pravasi Bharatiya Samman Award (PBSA) by the Hon’ble President of India, Shri Pranab Mukherjee at the PRAVASI BHARTIYA Divas Convention on 9 January 2017 which is the highest honour conferred on overseas Indians by the Government of India in recognition of their achievements both in India and abroad. The PBSA was conferred was […]
After India’s government took 86% of currency out of circulation a couple of months ago, its main policy think-tank has a new plan for the country: rendering plastic money “irrelevant” by 2020. Amitabh Kant, Chief Executive Officer of NITI Aayog, which helps the government formulate long-term policies, said Sunday that India was in the midst of a “huge disruption” in financial technology and innovation, which will enable […]
Police in India’s tech-hub Bangalore said Friday they were still investigating wide-ranging media reports that a number of women were molested during street celebrations on New Year’s Eve, but that still no victims had come forward to register cases. On Thursday, city police commissioner Praveed Sood said in a news conference that after reviewing security-camera footage from the city’s business district, officers “could not find any sign […]
Om Puri, one of India’s most critically acclaimed actors, who appeared in Hollywood, Bollywood and British movies, has died. The 66-year-old actor died of a heart attack at his residence in Mumbai, friends and actors in the Indian film industry said Friday. Born in the northern state of Haryana, Mr. Puri began his acting career in 1976 with a Marathi film “Ghashiram Kotwal.” By the 1980s, he […]
A prominent Republican lawmaker is taking another shot at tightening U.S. rules for high-skilled worker visas ahead of Donald Trump’s inauguration as president later this month. Rep. Darrell Issa, one of the highest-profile Republicans in Congress and a supporter of Mr. Trump, said Wednesday in a statement on his website that he is reintroducing a bill designed to “stop the outsourcing of American jobs” and ensure laws are not […]
India will on Friday get its first official indication of the impact of Prime Minister Narendra Modi’s war on cash on the larger economy. The country’s statistics ministry will release its estimate of growth in gross domestic product for the current fiscal year and analysts will be watching to see if it can maintain its 7.6% rate despite the severe cash shortage sparked by the Nov. 8 […]
