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  Submitted by Jayant Bhandari via Acting-Man.com, India’s Currency Ban – Part VI India’s Prime Minister, Narendra Modi, announced on 8th November 2016 that Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes would no longer be legal tender. Linked are Part-I, Part-II, Part-III, Part-IV, and Part-V, which provide updates on the demonetization saga and how Modi is acting as a catalyst to hasten the rapid degradation of […]

Why does Apple want to open stores in India? Its sales in China, previously a huge market for growth, are slowing and it doesn’t want to miss out on India’s rapidly-expanding smartphone market. Opening its own stores in India, which is set to become the world’s second biggest market for the devices by next year, could help boost brand awareness and sales. (via WSJ)

ABU DHABI // Pakistan’s ambassador to the UAE said he aims to help deepen bilateral defence and economic ties, particularly through the major new trade route traversing Pakistan to China, the Asian power that is set to become the GCC’s largest trade partner. “We really want to make this relationship more diversified, and deepen and expand it,” said Moazzam Ahmad Khan, who began his tenure as Islamabad’s […]

Almost 600 people died in police custody in India in the five years up to 2015, a new report from Human Rights Watch says. During that period, not a single police official was convicted of a custodial death, the report “Bound by Brotherhood,” from the New York-based organization said. Deaths in custody are attributed to suicide, illness or natural causes, the report said, however “in many such […]

Jayant Bhandari warns “there are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal” as he discusses India’s attempts to create a cashless society (and consequences of it) and why precious metals and geographical diversification are the most viable options investors around the world, not just India, should be taking. “The situation is getting worse by the day… […]

Venezuelans are bracing for Christmas without cash after the country’s highest denomination banknote was withdrawn from circulation with new larger bills not due until January, as many fear that the country is spiralling towards hyperinflation. Embattled President Nicolás Maduro this week announced plans to scrap the ubiquitous 100 bolívar bill, which makes up about half the country’s banknotes but is increasingly worthless as annual inflation is forecast […]

Friday marks the four-year anniversary of the gang rape that killed a 23-year-old student in India’s capital and triggered nationwide protests and more than a year of soul searching which lead to stricter laws for crimes committed against women. But are women safer today? (via WSJ)

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Tata Sons Ltd. has won some battles for control of the Tata Group this week, but the holding company atop India’s largest conglomerate still has to win the war against its ousted chairman Cyrus Mistry. In October Tata Sons directors said they had lost confidence in Mr. Mistry’s ability to lead the group and voted him out as chairman in a boardroom coup which shocked investors, analysts […]

Dec 14, 2016 10:30 am IST As for the rest of the world, 2016 has been an eventful year for India. From the cash crunch to pollution to terrorist attacks to the Rio Olympics, there has been plenty for Indians to talk about online. Twitter, Facebook and YouTube have ranked the most talked about events, videos, people and hashtags of 2016. Perhaps unsurprisingly, Twitter said Indian Prime […]

A powerful cyclone that hit India’s southeastern coast on Monday killed up to 10 people, according to India’s National Disaster Management Agency. The cyclone, packing winds of 74-80 miles per hour, with brief gusts measuring up to 86 miles per hour, is expected to weaken over the next 12 hours as it moves north, resulting in light rainfall in the southern states of Tamil Nadu and Karnataka, […]

CARACAS, Venezuela—Venezuela is taking nearly half the country’s bank notes out of circulation beginning Wednesday, threatening to ruin the holidays season for Venezuelans already suffering from dire cash shortages, hyperinflation and an economic meltdown. The country’s largest bill, worth 100 bolivars or just 3 U.S. cents on the black market, is to become illegal, in a move designed to combat contraband along Venezuela’s borders, the government said. […]

Dec 12, 2016 12:46 pm IST Air pollution in New Delhi spiked again last week, covering the city in a thick, toxic smog that resulted in reduced visibility, as harsh winter days approach. The Indian capital’s air quality has been at hazardous levels for much of the past week, according to measurements taken by the U.S. embassy. Real-time air quality data from India’s Central Pollution Control Board […]

A month ago, India asked more than 1.2 billion people to turn out their pockets and turn in their old bank notes, all in an effort to stamp out corruption and tax evasion. A colossal undertaking by any standard, the experiment has unfolded in ways that few nations’ administrators might have been able to predict. That has forced the Indian government to adapt, sometimes without warning, to […]

India’s experiment to strip the value from nearly 90% of its cash has put the country at the forefront of a global campaign against paper money. But after a month, daily life is in disarray. (via WSJ)

NEW DELHI—Early last month, Prime Minister Narendra Modi summoned his cabinet to a room in India’s capital, told them to leave their cellphones outside and delivered a shocker: He was about to go on national television to declare that almost 90% of the country’s paper money would no longer be legal tender. The move, prepared in secret by Mr. Modi and his advisers, kicked off a radical […]

Authorities in southern India are on alert as a cyclone moving toward the country’s southeastern coast intensifies, weather officials said. Cyclone Vardah, packing winds of up 110-120 kilometers an hour (68-74 miles per hour) is moving in from the Bay of Bengal and is expected to make landfall at Chennai in the southern state of Tamil Nadu later today, the India Meteorological Department said Monday. The cyclone, […]

More and more airlines across the world are providing in-flight internet connectivity, allowing passengers to catch up on work email or surf the web from 30,000 feet. But this Wall Street Journal article explains how one country with a rapidly expanding aviation market is holding out, prohibiting Wi-Fi on board due to security concerns: India. Here’s why airlines are so eager to be the first to offer […]

The Twitter account of Indian entrepreneur Vijay Mallya was apparently hacked Friday morning after messages were posted on his page by individuals who claimed to be part of the same group that broke into the accounts of prominent opposition politicians last week. A message on Mr. Mallya’s Twitter said that his account had been hacked. Messages were briefly posted on his page inviting readers to follow a […]

Google Map’s updated timelapse feature shows how Mumbai and other Indian cities are booming and building infrastructure. A timelapse of Mumbai, starting in 1984 and ending in 2016 shows green patches in the mega city of more than 10 million people disappearing and being replaced with developments. The 3.4-mile long bridge which connects the city’s Bandra neighborhood with Worli starts to be visible in 2006 and it […]

For emerging markets, fears over the election of Donald Trump have yet to fully materialise. The prevailing view, says Ousmene Mandeng of EM investment fund New Sparta Asset Management, is that a Trump presidency is “negative for emerging markets”. Investors could foresee some benefit from a supply-side US boom that adds to world aggregate demand — but a less co-operative, protectionist US will have a structural negative […]

The 19th edition of realty exhibition expecting to attract thousands of NRIs over the 3-day expo Investor confidence gets boost due to demonetisation, home loan rates to be down to 7-8%; RERA, GST and REIT to further improve transparency and bring healthier, sustainable growth Top developers across India meet for exclusive face-to-face interaction. Properties boast features such as eco-friendly housing, water recycling units and […]

Dubai, UAE, 8 December  Bollywood Parks™ Dubai, part of Dubai Parks and Resorts, the largest integrated theme park destination in the region, unveils Jaan-e-Jigar, the regions first Broadway-style Bollywood show in all its grandeur at the Rajmahal Theatre, which is located in the heart and soul of the park. Dubai’s answer to world-class entertainment, Jaan-e-Jigar is the biggest Bollywood style show to ever hit the region, where […]

Trafigura, one of the world’s largest commodity traders, has announced a 12 per cent decline in annual profits as challenging market conditions curbed money-making opportunities and it was forced to write down the value of port and rail assets. In the year to September, net profit was $975m, down from just over $1.1bn in 2015 which was a record year for trading the Geneva-based company. In spite […]

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