Wednesday 8 July 2015
 
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Vedanta signals potential merger of Indian units

Oil and metals producer Vedanta Resources has signalled it is considering a merger of two or more of its Indian subsidiaries, which could provide the debt-burdened units access to cash from other operations. In a statement which d

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DGCX launches new products

The Dubai Gold and Commodities Exchange (DGCX) has launched three new contracts to further diversity its product suite. It includes the India Gold Quanto Futures, Indian Rupee Quanto Futures and Mini Dubai Polypropylene Futures, s

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Isa Award for Indian activist

An Indian social worker will pick up a $1 million cash prize and a gold medal from His Majesty King Hamad of Bahrain next month in recognition of his humanitarian work. Dr Achyuta Samanta was yesterday (May 13) named as the recipi

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14 Indian sailors stranded in Bahraini waters return home

Fourteen Indian sailors stranded on board an oil tanker in Bahraini waters since December finally left the country last night. They were among the 16-member crew of Mongolian vessel MT Surya Kuber, which was banned from leaving th

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Bahrain mother-baby rescued from Yemen in Indian ship

A Bahrain mother and her two-year-old baby had to spend 26 hours on board an Indian warship after they were rescued from war-torn Yemen. Indian Neha Mistry, who is married to 32-year-old Bahraini Shehab Samander, was trapped in Ta

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Etihad, Jet Airways sponsor Mumbai Indians IPL team

Etihad Airways and Jet Airways will be the official airline partners and principal sponsors for the Pepsi Indian Premier League (IPL) team, the Mumbai Indians, for the 2015 Twenty20 tournament. It was revealed ahead of the Mumbai

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Mutual pact proposed on Indian and Bahraini prisoners

Indian prisoners in Bahrain could soon be allowed to complete their sentences in their home country. The proposal is being reviewed by the Cabinet and would also allow Bahraini prisoners in India to complete custodial terms here,

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Trick or treat? India's strong GDP figures mask reality

For Indian business, the government and the central bank, data revisions that have transformed the country's $2.1 trillion economy into one of the world's fastest growing are too good to be true. Now, the search is on for

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Indian grocery staff wins DSF mega raffle

A 50-year-old Indian national working at a grocery store in Bur Dubai, has emerged the winner of the mega prize worth Dh500,000 ($136,101) in Infiniti Mega Raffle held as part of Dubai Shopping Festival (DSF) V. Tharuvai, finally

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NRIs in Bahrain to take part in major forum

Indian community leaders and businessmen in Bahrain will take part in a major conference that brings together thousands of non-resident Indians (NRIs) from around the world. The 13th Pravasi Bharatiya Divas (PBD) will be held from

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