China’s String of Pearls & India’s Look East

For years China has been pursuing its policy of a string of pearls; which meant having naval stations around the Indian subcontinent as a means of encircling India.  The building of a port in the Sri Lankan town of Hambantota, Gwadar in Pakistan, courting the island states of Seychelles, Maldives, Mauritius and not to mention…

Joy Alukkas to open world’s biggest jewellery shop in Chennai

The world’s favorite jeweller opens the world’s biggest jewellery showroom in Chennai, India. With over 70,000 sq. ft of premium jewellery shopping in the heart of Chennai, Joyalukkas jewellery offers consumers more than a million exquisite jewellery designs from master jewellers in India, Bahrain, Turkey, Singapore and Italy. With the opening of the first showroom…

Indians remit US$ 25 billion back home

These are official channels. I wonder how much of money was moved using unofficial and illegal methods like hawala. India has displaced China and Mexico to become the top remittance receiving country in the world, according to latest data released by the World Bank. Indians working in foreign countries sent back over $25.7 billion (roughly…