Given the strong interest among rich Indians to settle abroad, the Dubai-based company has opened a full-fledged office in New Delhi and plans to follow it up soon with an office in Mumbai and then a few in central and southern parts of the country.
In Dubai, A Ganesh Nadar encountered high speeds on smooth-as-silk-roads, no bureaucracy, gold, Mr Toad's. And snow!
Kannada actress Ranya Rao was arrested at Bengaluru International Airport for allegedly smuggling 14.8 kg of gold. Authorities suspect she may have attempted to use her connections to bypass customs checks. Officials are investigating whether she was acting alone or part of a larger smuggling network.
A Special Court of Economic Offences in Bengaluru rejected the bail plea of Kannada actress Harshavardhini Ranya alias Ranya Rao, who is accused of gold smuggling. The second accused, Tarun Raju, has been remanded to judicial custody for 15 days. Ranya, the stepdaughter of a DGP rank officer, was arrested at Kempegowda International Airport on March 3 after gold bars worth Rs 12.56 crore were seized from her. Subsequent searches at her residence led to the recovery of gold jewellery and Indian currency. Authorities discovered that Tarun Raju allegedly facilitated the smuggling operation by coordinating the gold's transport and distribution within India.
According to Dubai Customs figures released on Tuesday, China and the US came second and third in the list of countries exporting to Dubai, with value of $2.9 billion (10.68 billion) and $2.04 billion (7.52 billion dirhams) respectively.
While Air India cancelled six international flights due to aviation regulator DGCA subjecting its Dreamliner fleet to enhanced checks, the Ahmedabad-London Gatwick one was cancelled due to unavailability of aircraft, the airline said.
A seemingly invincible India will be eager to sharpen their game against spin and give a run to second-line players ahead of the semi-final when they take on New Zealand in their last group match of the Champions Trophy in Dubai on Sunday.
India also emerged as Dubai's top exporting and re-exporting country at $5.7 billion and came second in terms of imports at $5.17 billion, following China at $6.94 billion.
Tata group retail firm Trent Ltd reported a 34 percent increase in consolidated net profit to Rs 496.54 crore in the December quarter, helped by the expansion of the store network and increase in attractive value propositions. The company's consolidated revenue from operations grew 34.32 per cent to Rs 4,656.56 crore during the quarter under review. Trent is also pursuing store portfolio optimization, which involves upgrading or consolidating smaller footprint stores with newer stores in more attractive micro markets.
The Dubai Centre, which earlier supported the capital market customers, is now geared to provide on-call services and any emergency support needed in the region to its core banking customers as well, a company statement said.
As the Jaggi brothers - Anmol Singh Jaggi and Puneet Singh Jaggi - find themselves at the heart of the financial mismanagement in the Gensol-BluSmart saga, attention on the third BluSmart co-founder, Punit K Goyal, has taken a notably different turn.
Harpreet Singh alias Happy Passia alias Jora, an alleged terrorist who had illegally entered the US, was arrested by the FBI and US Immigration and Customs Enforcement's Enforcement and Removal Operations in Sacramento.
The Kerala Police are investigating the mysterious deaths of an IRS officer, his sister, and their mother in Kochi. The officer, Maneesh Vijay, and his sister, Shalini Vijay, were found hanging inside their house, while their mother, Shakuntala Agarwal, was discovered dead on her bed. Police have not yet established a direct link between the deaths and a CBI case in which Shalini was summoned as an accused. Preliminary findings suggest the siblings died by suicide, but the cause of their mother's death is still under investigation. The family had been residing in the quarters for the past year and a half but reportedly kept to themselves, maintaining limited interaction with neighbours, police added.
Axar also patted fellow spinner Varun Chakravarthy (5/42) for coming up with a match-winning spell.
Wedding photography is pushing the limits of creativity with photoshoots around the world.
According to reports on Monday, customs officials had seized two watches worth 5 crore from Hardik on his arrival from Dubai as he did not possess invoices for the items purchased and did not declare them at the Customs.
Bollywood looked gorgeous as they stepped out on the red carpet at the IIFA (International Indian Film Academy) awards in Abu Dhabi.
Gold imports more than doubled in August to a record high of $10.06 billion, mainly on account of a drastic cut in customs duty and ongoing festive demand, according to the Commerce Ministry data. Gold imports stood at $4.93 billion in August 2023. On record high imports, Commerce Secretary Sunil Barthwal said that the tariff rates on gold have been reduced drastically so that smuggling and other activities can come down.
Pavel Durov, the founder and CEO of Telegram, is under formal investigation related to illicit activities on the messaging app.
Queenie Hallegua, who passed away at 89 in August, was almost the last of the Sephardi Jews in Fort Kochi. Her son Dr David Hallegua reflects on his mother's death and of his life growing up in Kerala.
The Central Board of Indirect Taxes and Customs (CBIC) has stepped up its watch on the import of unbranded gold jewellery amid a spurt in seizures on international borders and from importers. During FY24, the CBIC and Directorate of Revenue Intelligence (DRI) jointly seized about 5 tonnes of gold, 30 per cent more than what they did in FY23. In FY23, 3.5 tonnes of gold was confiscated.
Customs sleuths will be posted in London, Hong Kong, Dubai and Brussels in an effort to check trade-based money-laundering among others.
Air India (AI)'s rise could be at the expense of three "super-connector" hubs - Doha in Qatar, and Dubai and Abu Dhabi in the UAE - as the Indian passenger would any day prefer direct flights of their national airline that is providing excellent on-time service, Arved von zur Muehlen, chief commercial officer of Saudia Airlines, said on Thursday.
More than 60 people from Gujarat on board the Nicaragua-bound plane, which was sent back from France over suspected human trafficking, had agreed to pay Rs 60 lakh to Rs 80 lakh to immigration agents, who promised to cross into the US illegally after reaching the Latin American country, officials said.
A rise in import duty could be a reason for increase in illegal consignments, say experts.
India's gold and silver imports from its free trade agreement (FTA) partner UAE have skyrocketed 210 per cent to $10.7 billion in 2023-24 and there is a need to potentially revise the concessional customs duty rates under the pact to mitigate the arbitrage driving this surge, a report said on Monday. Economic think tank Global Trade Research Initiative (GTRI) said this sharp rise in gold and silver imports is primarily driven by import duty concessions granted by India to the UAE under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
'Our missions do not have any reliable data on the number of Indians staying or working illegally in foreign countries,' the MEA says.
Several candidates, including Taranjit Singh Sandhu, the BJP's Amritsar candidate, are promising resumption of India-Pakistan trade via the Attari-Wagah land route.
'The Indian economy is expected to grow in terms of per capita income and GDP, and with that, the luxury segment becomes more relevant.'
Out of the 6,000 retailers showcasing their products, 60 per cent are jewellery retailers.
China came in second with 29 billion dirhams at 12 per cent, followed by the US which contributed eight per cent to the total imports with a value of 18.7 billion dirhams. Germany and Japan scored 12 billion dirhams and 11 billion dirhams of imports values, respectively.
World No. 2 Rory McIlroy's management team are locked in a battle with Chinese customs officials to release the US Open trophy the Northern Irishman won earlier this year so it can be taken to the season-ending Dubai World Championship next week.
Pakistan pace bowler Mohammad Asif's detention in Dubai was result of a misunderstanding and charges of possessing contraband drugs against the pacer has been dropped, according to Pakistan Ambassador to the United Arab Emirates Ahsan Ullah Khan. Khan claimed a misunderstanding led to Asif's detention in Dubai airport on Sunday on his way home from Mumbai after the pacer participated in the Indian Premier League.
French authorities launched a judicial investigation into the conditions and purpose of the trip, with a unit specialising in organised crime investigating suspected human trafficking.
Increased gold trade between India and Dubai scaled up trade between both the countries by 37.9 per cent at $11.8 billion in 2005, compared to the previous year.
A Dubai-bound passenger, who had allegedly swallowed 159 capsules containing foreign currencies valued more than Rs 16 lakh, was arrested on charges of smuggling
IT major Satyam Computer Services Ltd on Wednesday said it will implement an infrastructure lifecycle management solution for the Dubai Municipality engineering departments with a view to address its administrative and technical problems.
Standard Chartered's India strategy will focus on wealth management while credit card will remain core to its business though will avoid competition with the country's private banks, said a senior executive of the British lender. "Our focus on wealth management and affluent clients are central to our existence. "We are strong in these areas and we want to grow in these areas.
Dubai Islamic Bank has installed an integrated anti-money laundering and compliance solution in an effort to curb financial crime. The solution developed by Norkom Technologies, will be implemented across the bank's operations in the UAE and Pakistan.
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