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Indian wins USD 4.08 million in raffle draw in UAE
Fri, Jan 04, 2019
"You have just won Dh15 million. How do you feel," one of the draw organisers asked Purushothaman. "Okay," the winner responded. The organisers had to call him one more time to confirm that the announcement was legitimate.
Dubai's DP World seeks to quash India antitrust probe over Mumbai port-court filing
Tue, Dec 18, 2018
Dubai`s DP World has approached an Indian court to quash an antitrust investigation recently ordered into its alleged anti-competitive behaviour at the country`s largest container port in Mumbai, a legal document reviewed by Reuters showed.
This 13-year-old Indian boy in Dubai owns software development company
Sun, Dec 16, 2018
A 13-year-old Indian boy in Dubai, who developed his first mobile application four years ago, also owns a software development company, a media report said Sunday.
Indians biggest foreign investors in Dubai realty: Report
Wed, Dec 05, 2018
Expecting high returns, Indians have invested hugely in Dubai realty in the first nine months of 2018, making them the largest chunk of all foreign investors in the sector, according to the latest statistics of the Department of Real Estate Studies & Research, Dubai Land Department (DLD), said a spokesperson on Tuesday.
Indian expat wins $1 million jackpot in Dubai
Tue, Oct 23, 2018
A 45-year-old Indian expat won a jackpot of $1 million (3.6 million dirhams) in the Dubai Duty Free Millennium Millionaire draw raffle on Tuesday.
Dubai lottery: Indian mechanic in Sharjah wins $1 million raffle
Tue, Apr 10, 2018
Dubai lottery: Pinto Paul Thommana, 36, hit the jackpot along with his friend in the latest Dubai Duty Free draw held in Concourse A of Dubai International Airport. Thommana, working for an automotive workshop in Sharjah, won USD 1 million in Series 268 with ticket number 2465, which he purchased online, Khaleej Times reported
Farming startup Indigo raises $203 million with help from Dubai fund
Wed, Dec 06, 2017
By Heather Somerville SAN FRANCISCO (Reuters) - Farming technology startup Indigo has raised more than $200 million from investors to fund its efforts to reform how crops including wheat, soybeans, cotton and corn are grown around the world.
Connaught Place 9th costliest office market in the world; Mumbai lags: CBRE
Fri, Jun 16, 2017
According to CBRE's latest bi-annual global prime office occupancy report, Connaught Place in New Delhi has been ranked as the 9th costliest place for office loaction in the world which makes it costlier than Dubai, downtown Boston and Shanghai.
Sobha's stocks fall nearly 9% in morning trade after promoter announces to sell 4 million stakes
Mon, Apr 10, 2017
The stock of Sobha declined 8.92% to Rs 378.50 in the morning trade on the BSE on Monday after its promoter announced last week to sell four million stakes in the company.
HSBC reveals ongoing tax evasion probe in India, US, France, others
Mon, Feb 27, 2017
HSBC bank in its recently released annual report has revealed tax evasion probe carrried against the bank, HSBC Swiss Private Bank and other HSBC companies in US, France, Belgium, Argentina and India.
India needs 1.5 million tonnes of sugar imports in 2017, says All India Sugar Trade Association
Mon, Feb 13, 2017
All India Sugar Trade Association has recently said that India will likely need to import around 1.5 million tonnes of the sugar in 2016-2017 season.
Jet Airways to start daily direct flights between Mangaluru & New Delhi from January 16
Thu, Jan 12, 2017
Premier full service air carrier Jet Airways on Thursday announced new daily direct flights between Mangaluru and New Delhi starting from January 16 this year.
Delhi's Directorate of Revenue Intelligence busts hawala racket, seizes Rs 1 crore of foreign currencies at IGI Airport
Fri, Jan 06, 2017
The Directorate of Revenue Intelligence (DRI), which comes under Ministry of Finance, has busted hawala racket and seized foreign currencies worth Rs 1 crore at the Indira Gandhi International (IGI) Airport in New Delhi on Thursday.
Indians invests nearly Rs 13,306 crore in Dubai's realty in H1 of 2016
Tue, Nov 29, 2016
Indians have invested Rs 13,305.5 crore ($2 billion) in Dubai's real estate market in the first half (H1) of this year, said the Goverment of Dubai's Land Department in its recently released data.
Nitin Gadkari urges private ports to cater to cruise tourism
Sun, Oct 30, 2016
Union shipping minister Nitin Gadkari on Saturday urged private port operators to create necessary arrangements for catering to passengers, pointing out to the prospects of cruise tourism in the country.
Infibeam forms e-commerce solutions JV with KSKcapital; stock up nearly 2%
Mon, Oct 03, 2016
E-commerce company Infibeam Incorporation has formed a joint venture (JV) with UAE-based KSKcapital via its Dubai-based wholly-owned subsidiary Infibeam Global EMEA FZ-LLC for offering e-commerce solutions to Gulf markets.
Income Tax Department sends notice to Shahrukh Khan
Mon, Jul 25, 2016
In the government's campaign to curb the flow of black money, the Income Tax Department (I-T) has sent a notice to Bollywood actor Shahrukh Khan asking him to disclose his foreign investments.
SpiceJet offer: Fly from Dubai at just Rs 5400
Mon, Jul 04, 2016
SpiceJet on its official website stated that the promo will be open from July 3 to midnight July 6, 2016 UAE time.
Jet Airways to launch Mangaluru-Sharjah direct flight from August 7
Fri, Jun 10, 2016
The inaugural flight would start from Mangaluru at 9:30 am and land at Sharjah at 11:45 am.