NEW DELHI: India is likely to next month sign a deal to lay an oil pipeline to Nepal for supply of petrol, diesel and ATF, said Sunil Kumar Thapa, Commerce Minister of the Himalayan nation. Prime Minister Narendra Modi during his visit to Nepal in August had “assured that India will assist in putting up a pipeline,” he told reporters after meeting Oil Minister Dharmendra Pradhan […]
Ever been out to a fancy dinner at a Manhattan restaurant and had your credit card rejected? President Barack Obama knows your pain. After signing an order today directing the government to switch to payment cards with embedded microchips, rather than the less-safe magnetic strips, Obama related his own tale of credit misadventure during the United Nations meetings last month. “I went to a restaurant up in […]
Remember BadUSB? If you use a USB device to move digital files from one machine to another, you need to know the latest news on this flaw in design specs that could put your computers at risk. Attack code for this flaw, which is impossible to patch, is now public. Security researchers Brandon Wilson and Adam Caudill released two patches to existing firmware for the Phison 2251-03, […]
| By TAP Staff| A mismatch between buyer and seller expectations is attributed to be one of the main reasons for the signs 0f Dubai property market levelling off, according to analysts. The “over-exuberance” seen in recent months is clearly losing steam and this by itself should ensure that the market does not head towards the traditional crash. The annual price growth in the Dubai property market […]
By RUKMINI CALLIMACHI and KIMIKO DE FREYTAS-TAMURA October 3, 2014 The Islamic State has released another video of a beheading — this one of a middle-aged British aid worker, Alan Henning, who was abducted last year from the ambulance he had driven into Syria to offer lifesaving help. As in the previous three execution videos circulated by the extremist group, the victim is shown kneeling in a rocky, desert landscape and is […]
A landmark ruling by the court system in Dubai’s financial free zone suggests the emirate is starting to influence the way international business disputes are resolved in the Middle East, partly taking over that role from London and New York. Last month a court in the Dubai International Financial Centre (DIFC) found Switzerland’s Bank Sarasin had mis-sold $200 million of investment products to Kuwait’s prominent Khorafi family, […]
Mobily rolls out new iPhone 6 models RIYADH, 3 hours, 30 minutes ago Mobily, a leading teleom operator in Saudi Arabia, has launched the new iPhone 6 and iPhone 6 plus mobile phones in selected cities of Riyadh, Jeddah and Al-Khobar. There was a solid rush at the Mobily outlets on Saturday among the cutsomers who wanted to lay their hands on ‘the most sophisticated and advanced’ […]
Turkish Kurds watched Kurdish forces battle with Islamic State militants across the border in Syria on Saturday. Turkey fears the fight against the Islamic State may embolden Kurdish separatists. By ANNE BARNARD and MARK LANDLER September 27, 2014 KARACA, Turkey — No American ally is closer to the threat of the Islamic State than Turkey, and no country could play a more important role in a coalition that President Obama is […]
In a move to tap into the vast opportunities in China’s technology industry, Intel plans to invest as much as $1.5 billion for a minority stake in a holding company there. Intel is acquiring 20 percent of a Tsinghua Holdings operating subsidiary to execute its mission. Tsinghua is a solely state-owned limited liability corporation funded by Tsinghua University in China. By partnering with Tsinghua, Intel aims to […]
Smartphone producers in China are closing in on market leaders Samsung and Apple. This is based on a large home market with above-average growth. Potential is even higher in India and Latin America. Today, the spotlight is on the two largest mobile telephone manufactures – Samsung and Apple – with their latest Galaxy and iPhone models. These smartphones are likely to sell in the millions, but this […]
Savola Group, a Saudi Arabian food producer, hired JPMorgan Chase & Co (JPM) to advise on a potential bid for the operator of KFC restaurants in the Middle East and North Africa, according to four people with knowledge of the matter. Non-binding bids for the $4.3 billion Kuwait Food business, known as Americana, are due next month, the people said, asking not to be identified as the […]
|By TAP Staff| Just over a year ago, China’s Xiaomi was little more than a mid-sized smartphone-maker with an odd name (Xiaomi means “millet”), trailing household brands such as Samsung, Lenovo, Coolpad and others. During the first six months of 2014, however, this four-year old company sold 26m smartphones, propelling it to pole position in the Chinese market. Next year, Lei Jun, its founder and CEO, expects […]
The new iPhone 6 isn’t simply bigger, Apple claims, it’s better in every way. The two new models, called the iPhone 6 and iPhone 6 Plus are larger, yet thinner than the iPhone 5, and supposedly more powerful and more power efficient. Apple describes the iPhone 6, which CEO Tim Cook debuted in Cupertino today, as having a smooth metal surface that seamlessly meets the new Retina […]
Two new bigger iPhones, the long-rumored Apple Watch, iOS 8, and a new Apple Pay service introduced at the company’s launch event Tuesday gave fans lots to fawn over. Most of the new products announced by CEO Tim Cook at the event, broadcast live from the Flint Center in Cupertino, California, will be available later this month. But on the Apple Watch, Cook remained coy, saying only […]
It’s not called the iWatch, but it’s an Apple watch all the same. In fact, it’s called the Apple Watch and the tech giant is billing it as its most personal device ever — chock full of “revolutionary” technologies with a “pioneering” user interface featuring a “Digital Crown” that lets you scroll, zoom and navigate. But what does this device look like beyond all the buzzwords? Well, […]
By Noel Randewich and Diane Bartz SAN FRANCISCO/WASHINGTON Fri Sep 5, 2014 9:21am IST Visitors walk past the Qualcomm stand at the Mobile World Congress in Barcelona, February 24, 2014. Credit: Reuters/Albert Gea/Files SAN FRANCISCO/WASHINGTON (Reuters) – Nvidia Corp has sued rival chipmakers Qualcomm and Samsung Electronics, accusing both companies of infringing its patents on graphics processing technology. The U.S. chipmaker vies with Qualcomm in the business […]
Islamic debt could become a source of funding for U.K. infrastructure projects from wind turbines to high-speed trains and airports as Britain cements its position as the first sukuk market in a non-Muslim nation. Investors including Bank of London and the Middle East see scope for the U.K. to issue Shariah-compliant bonds with varying maturities after the Debt Management Office attracted bids for more than 10 times […]
MUMBAI: The Adani Group and Indian Oil Corporation are in talks to build a Rs 30,000-crore joint venture refinery at Mundra, which would give Gautam Adani an entry into the oil sector while the state-run company would get land port facilities for the proposed export-focused unit.
The proposed 30-million-tonne refinery at Mundra will make Prime Minister Narendra Modi’s native state, Gujarat, a bigger energy hub. It already has refineries of Reliance Industries, Essar Oil and Indian Oil, apart from two LNG terminals and the country’s biggest city-gas distribution network.
Industry sources said Gautam Adani has held initial talks with top executives at IOC and offered around 3,500-4,000 acres of land for th
By Regarded Solutions: For many years now, I have been preaching about dividend growth investing to just about any investor who cared to listen. The foundation for a more secure financial future can be found by investing in mega cap, blue chip, dividend growth stocks. While no investment strategy could ever be perfect for everyone, dividend growth investing certainly has been shown to produce increasing income during […]
NEW DELHI: The government is working on developing a bankruptcy framework to offer easier exit routes to sick companies while helping revive those with viable options, said Kalraj Mishra, the new minister for micro small & medium enterprises (MSMEs).
Another issue the ministry is dealing with is availability of land for industrial units. It is asking states to create land pools by listing out all unused land available with them.
“Entrepreneur bankruptcy framework will be developed to enable easy exit of sick units,” Mishra told ET. “It has been a major demand of the MSME sector for a very long time. The details will be worked out soon.”
SMEs employ close to 40 per cen
New Delhi: Finance Minister Arun Jaitley on Monday said the government was open to accommodating minor modifications to the Insurance Laws (Amendment) Bill, 2008, so that it could be passed in the current session of Parliament. He also said calling a joint session of Parliament was a real option if the Bill was defeated in one of the Houses. After an all-party meeting failed to break the deadlock on the issue between the government and Opposition, Jaitley on Monday reached out to the Congress. But the Congress continued to insist the Bill be sent to a select committee of Parliament, as it now was much changed from the one the United Progressive Alliance (UPA) government had tabled in the Rajya Sabha. The party added it would be willing to support the legisl
NEW DELHI: Stung by Reliance Industries’ alleged bid to “influence” the foreign third arbitrator appointed by the Supreme Court in the KG-D6 block case, the government is set to approach the court with a plea that the relevant arbitration be done strictly within the country sans a foreign umpire.
Armed with a law ministry opinion conveyed to it recently, the petroleum ministry will also take the firm stand that RIL’s foreign partners, BP and Niko, should not be made a party to the arbitration, which was initiated by the Indian company, sources familiar with the matter told FE.
The government’s move would escalate the conflict between it and RIL over the alleged suppression of gas production at the once-pro
NEW DELHI: Petrol became cheaper by Rs 1.09 per litre in Delhi from Friday after state oil companies slashed the price of the fuel for the first time since mid-April because benchmark gasoline rates in the international market dropped.
Companies, however, raised the price of diesel by 56 paise in Delhi, helping to reduce the gap between pump and market rates by about Rs 1.50 per litre and increasing the prospects of deregulating the fuel soon.
If the trend continues, diesel pricing could be freed from state control in three months, government and industry officials said. Prices of diesel sold to bulk consumers such as the railways and state transport companies at market rates have been reduced, IOCsaid in a statement.
ABU DHABI // Fragrances of oud wafted through the air as Syrian baklava wrapped in packets was bought by eager customers. Traditional, embroidered Arab dresses were being sold alongside off-shoulder embellished gowns and silver jewellery. A motley mix of items, clothing and toys was on sale at the Ramadan and Eid Festival at Abu Dhabi National Exhibition Centre (Adnec). Thousands of visitors have flocked to the indoor […]
