New Delhi: With a view to seek foreign investments, Finance Minister P Chidambaram will be visiting Dubai on Sunday to sell India's growth story to sovereign wealth funds. The Minister is scheduled to meet his counterpart in Dubai and also hold bilateral consultations with the SWFs (Sovereign Wealth Funds) in his day-long visit to the Gulf nation, an official source said.
The visit is part of Chidambaram's global tour to attract foreign investments. He has held similar investor meets in Hong Kong, Singapore, Europe (including Germany), Japan, Qatar, Canada and the US to attract foreign investment into India.
Chidambaram has been emphasising that India offers "unlimited" investment opportunities in the infrastructure sector and the country is looking at spending around $1 trillion over five years in areas such as roads, airports and seaports. During his latest tour, the Finance Minister had said he told investors and the government there that there is a huge opportunity in India, especially in infrastructure.
India is betting big on foreign resources to finance the Current Account Deficit (CAD), which had widened to record high of 6.7 per cent in October-December quarter of 2012-13. In his earlier meetings with the investor community, Chidambaram had expressed India's commitment to economic reforms....
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03:45 PM, May 25, 2013
New Delhi: Alleged international bookie Mohammad Yahya, who was arrested on Friday from Hyderabad airport while he was trying to flee to Dubai, has been sent to 5-day police custody. Yahya had approached a number of players in this season of the IPL, according to sources. According to sources, Yahya, who has been heavily involved in IPL 6 season, had approached not just Rajasthan Royals players, but other players from...
10:52 AM, May 25, 2013
Hyderabad: An alleged cricket bookie was nabbed from the international airport in Hyderabad by a Delhi Police team in the early hours on Friday. "One person identified as Mohammad Yahya has been picked up from the Rajiv Gandhi International Airport (RGIA) in connection with the cricket betting racket by the Delhi Police team in the wee hours," a senior police official said. Yahya was picked up by police while he...
11:45 AM, May 24, 2013
New Delhi: The plea of arrested Indian pacer S Sreesanth that he be provided with a copy of the FIR of the IPL spot-fixing scandal case was on Monday disposed of by a Delhi court as his lawyer did not turn up to pursue it. "No one present on behalf of the applicant (Sreesanth's advocate). The application is dismissed for non prosecution," Metropolitan Magistrate Gaurav Rao said. Sreesanth and two...
07:24 PM, May 20, 2013
New Delhi: The cricketers and the bookies in custody in IPL spot-fixing case are being interrogated for the third day in the national capital on Sunday. Sources are telling CNN-IBN that Sreesanth resisted arrest by the Delhi Police. Sources also say Sreesanth was in a sedan when the police approached him in an SUV and he reportedly threw his phone at them. He mellowed after seeing the bookies in police...
04:50 PM, May 19, 2013
New Delhi: According to the Mumbai Police sources, a Dubai-based bookie Sunil Abhichandani alias Sunil Dubai is suspected to be the D-Company link to the latest IPL spot-fixing scandal that has hit Indian cricket. Police sources also told CNN-IBN that a lookout notice had been issued against Sunil in 2012, which backs the claims made by the Delhi Police Commissioner Neeraj Kumar on Thursday about the underworld's involvement in fixing....
11:47 AM, May 17, 2013
New Delhi: Indicating an underworld connection to the spot-fixing scandal in Indian Premier League (IPL), Delhi Police Commissioner Neeraj Kumar said on Thursday details of involvement of bookies and players started coming out while underworld elements were being investigated in March. "We started investigating the bookies in April. Our teams were present at the IPL grounds," he told CNN-IBN. Underscoring the seriousness of the scandal, in which three Rajasthan Royals...
08:37 PM, May 16, 2013
Mumbai: A month after Indian Coastguard intercepted a suspicious small ship called MSV Yusufi off the Mumbai coast, what initially seemed to be a case of smuggling, is turning into a major puzzle for the investigating agencies. MSV Yusufi triggered panic last month, when intelligence agencies intercepted suspicious chatter of its crew through banned satellite phones. They were told by their Dubai handler to land at the Colaba coast in...
08:41 AM, May 14, 2013
Dubai: An Indian, working as a cleaner in a school in Bahrain, has been put on trial on charges of raping a six-year-old schoolboy. The 24-year-old, whose name has not been divulged, is alleged to have raped the boy in the toilet of a private school in December 2012, the Gulf Daily News reported on Tuesday. The accused has pleaded not guilty in a criminal court. The boy, the son...
10:40 PM, May 07, 2013
Dubai: Donald Trump plans to extend his golfing empire to the Middle East, opening a course in the desert outskirts of Dubai. The Trump International Golf Club will be the centerpiece of a 28 million foot project being developed by DAMAC Properties that includes a luxury residential community, hotels, spa and international schools. It is being developed on land purchased from Dubailand, a much-hyped project that included a $1 billion...
08:40 PM, May 06, 2013
Dubai: BITS Pilani has acquired the infrastructure of its Dubai campus from its long term partner ETA LLC Group, ending a 12-year collaboration. Birla Institute of Technology and Science, Pilani made the announcement here, adding that all the statutory requirements for acquisition had been met. BITS had set up its only international branch in Dubai in 2000 in collaboration with ETA LLC Group. Under the agreement, the latter provided infrastructural...
04:00 PM, Apr 17, 2013
Mumbai: Rapper-stage performer Honey Singh took to the stage in front of a crowd of over 20,000 fans in Dubai at a Holi concert last week. Apparently, a section of the fans couldn't control their excitement and jumped on to the stage to create a ruckus. While Honey Singh dismisses the incident as a part of a day's work, an eyewitness at the concet said: "The crowd got out of...
05:39 PM, Apr 10, 2013
Washington: A US Navy investigation has ruled out any wrong doing into the killing of one Indian fisherman in a firing incident off the Persian Gulf in 2013 that also injured three others. "The investigation found that the use of force was appropriate and in accordance with Chairman, Joint Chiefs of Staff Standing Rules of Engagement," said the report released by the Commander of the US Naval Forces Central Command....
02:15 AM, Apr 09, 2013
Abu Dhabi: A team of engineering students in the UAE have designed a car that could potentially travel up to 1,000 km on just one litre of fuel. The lightweight vehicle - named Eco-Dubai 1 - is in its final stage of construction and will begin testing in the next two weeks. The product of almost two years of work by students at the Higher Colleges of Technology Dubai Men's...
02:51 PM, Apr 05, 2013
Abu Dhabi: A team of engineering students in the UAE have designed a car that could potentially travel up to 1,000 km on just one litre of fuel. The lightweight vehicle - named Eco-Dubai 1 - is in its final stage of construction and will begin testing in the next two weeks. The product of almost two years of work by students at the Higher Colleges of Technology Dubai Men's...
12:39 PM, Apr 04, 2013
Bilawal Bhutto Zardari, chairman of the Pakistan Peoples Party is back home and in time to campaign for the May 11 elections. He returned late on Monday night a week after he controversially left for Dubai. ...
03:30 PM, Apr 02, 2013
Karachi: Pervez Musharraf, the former commando-turned-politician who returned to Pakistan on Sunday to lead his party in the May 11 polls, seeks to stage a political comeback after four years of self-imposed exile abroad. Delhi-born Musharraf's family migrated to Pakistan after the partition in 1947. Commissioned in the Pakistan Army in 1964, Musharraf rose to national prominence after being appointed to the four-star general in October 1998 by the then...
03:40 PM, Mar 24, 2013
New Delhi: Despite assassination threats from the Pakistani Taliban, former president Pervez Musharraf is set to return to Pakistan later on Sunday after four years of self-exile in London and Dubai. Musharraf will reach Karachi to lead the All Party Muslim League in the upcoming general elections in May 2013. Musharraf is accused of failing to provide adequate security to former prime minister Benazir Bhutto ahead of her assassination in...
07:46 AM, Mar 24, 2013
Twenty years on, there is fresh controversy over the 1993 Mumbai blasts case. Former Mumbai Police chief MN Singh has claimed that the then union home minister SC Chavan did not give permission for a police team to go to Dubai and get Dawood Ibrahim before he got refuge in Pakistan. ...
08:51 AM, Mar 13, 2013
The top-ranked Djokovic extended his unbeaten streak this year to 13 matches and has now beaten Berdych in 13 of their last 14 meetings. ...
11:01 PM, Mar 02, 2013
