In the month of April, two different verdicts from two different cases were passed in two very different courts in Pakistan. Two different men were on trial accused of two different crimes. One was let off easy for now, while the other was declared as guilty as guilty could be. Safe to say both verdicts were the cause of consternation and confusion. One of course, was the […]
26 April 2017 Mumbai, INDIA – Etihad Airways, the national airline of the United Arab Emirates, and strategic partner Jet Airways, India’s full-service premium international carrier, have signed a ground breaking agreement with the Government of Maharashtra to promote tourism to the western Indian state. The partnership will enable both airlines to capitalise on their strong links with Maharashtra and further propel domestic and international arrivals into […]
After yesterday’s violent gap up in stocks across the globe in response to the “expected” outcome from the French election, today the risk on sentiment has continued if to a lesser extent, with stocks in Europe, Asia all rising while S&P futures point to a higher open. Yen, gold decline, while the euro traded as high as 1.09 this morning before fading some gains; oil is up […]
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 […]
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 15, 2017 11:46 am IST India’s space agency on Wednesday launched a record 104 satellites from a single rocket as it crossed another milestone in its low-cost space-exploration program. The satellites from seven countries were carried by the Indian Space Research Organization’s Polar Satellite Launch Vehicle on its 38th consecutive successful flight. The mission reinforces India’s emerging reputation as a reliable and cost-effective option for launching […]
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 […]
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 […]
In a lab deep within Tata Consultancy Services’ landscaped campus in the western Indian city of Pune, 16 recent graduates are experimenting with new technologies that are shaking up a flagship national industry. TCS, the largest of India’s powerful IT services companies, set up the lab 18 months ago to enable new starters to work on the “internet of things”, the field of connected machines and appliances that […]
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, […]
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 […]
|By Saifur Rahman| Intex Technologies Ltd, an Indian technology accessories manufacturer with an annual turnover of US$1 billion, is investing INR 25 billion that will push its annual turnover ten-fold to US$10 billion in 5 years, a senior official told The Arabian Post. India is currently the world’s second-largest telecommunications market and has registered strong growth in the past decade and half.The total mobile services market revenue in […]
When the International Consortium of Investigative Journalists and more than 100 media partners began publishing the Panama Papers investigation on April 3, 2016, almost no country was untouched by its revelations. Governments in more than 70 countries have launched over 150 investigations, inquiries, audits and probes into the affairs of thousands of people and corporations linked to Panama Papers. Just last month, Malta’s tax office announced it […]
newslide Canadian PM offers Matthew Perry rematch Canadian prime minister Justin Trudeau got into the April Fools’ Day spirit over the weekend with a lighthearted tweet aimed at former Friends star — and classmate — Matthew Perry. Justin Trudeau and the actor, who played Chandler Bing on the hit sitcom, both attended Rockcliffe Park Public School in Ottawa. In an appearance on Jimmy Kimmel’s late night talk […]
Growth in trade between African nations looks promising, driven by demographics and growing Middle Class Narrative surrounding the continent still too negative, while work needs to be done to improve infrastructure Abu Dhabi, UAE, March 30, 2017: Industrialisation across Africa is being held back due to misperceptions about the risk of investing in the continent, according to a panellist at the Focus on Africa session held […]
For Truecaller, an app that offers real-time caller ID and spam protection, the past two years have been nothing short of a rollercoaster ride. On one hand, the eight-year-old service continues to grow strongly in developing markets, and has also chalked out plans to attract people globally. On the other hand, several features that made Truecaller so popular are now shipping out of the box with iPhone […]
The bagpiper striding across the bottle label wears flowing green tartan, a luxuriant black moustache — and a red turban. Bagpiper whisky, distilled by Diageo through its United Spirits subsidiary in India, is one of India’s most popular brands, available even in a tetra pak. But at Rs300 ($4.50) for a 750ml bottle, it is not a brand that will power a rapid return on Diageo’s £1.9bn […]
|By Arabian Post Staff| A likely ban on slaughter houses in the Indian state of Uttar Pradesh, which contributes a major portion of India’s meat exports, following the election of the right-wing BJP government in the state is sending a chill down India’s meat industry. If the government goes ahead with the ban, it will have serious implications for markets like the Middle East, where Indian meat […]
March 20, 2017 by: Aliya Ram in New Delhi and Simon Mundy in Pune Vodafone, the UK-based mobile phone operator, has struck a deal to merge its Indian operations with local rival Idea Cellular to create one of the world’s largest telecoms groups, with a combined implied enterprise value of more than $23bn. The two companies on Monday confirmed the deal, which is the second merger in the […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on positive signals for the word’s second-largest economy and the implications for investors of the Federal Reserve rate rise. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Investors may be wary of being burnt by China but the drumbeat of bullish noises […]
From the geometric work of Tunisian artist Nicène Kossentini – who spent time in Córdoba’s Great Mosque while on a residency in Andalusia and produced abstracted drawings based on Tawq Al Hamamah (The Ring of the Dove), a 11th-century treatise of love written by Ibn Hazm – to the paintings of Ahmed Morsi, the pieces displayed as part of the 11th edition of Art Dubai hold fascinating […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on the European Central Bank strategy, green investment and the future of India’s economy. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Olivier Garnier, a group chief economist at Société Générale, looks at the European Central Bank’s exit strategy from ultra-loose monetary […]
Authored by Federico Pieraccini via The Strategic Culture Foundation, While the world continues to decipher, or digest, the new Trump presidency, important changes are afoot within the grand strategic triangle that lies between Russia, Iran and China Away from the current chaos in the United States, major developments are progressing, with Iran, Russia and China coordinating on a series of significant moves crucial for the future of […]
