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How Saudi government’s decision of imposing extra fees will impact the expats as well as their country’s economy?

Following is a very informative piece of knowledge on the current economic situation in Saudi Arabia,  the decision of the government of the kingdom regarding fees to be imposed on expats and how will it affect their own economy.     How many expatriates will leave?  I HAVE received many …

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With 6.6% Growth in 2016, India to Lose Out To China: IMF

The IMF today cut India’s growth rate for the current fiscal year to 6.6 per cent from its previous estimate of 7.6 per cent due to the “temporary negative consumption shock” of demonetization; days after the World Bank also decelerated India’s growth estimates. “In India, the growth forecast for the …

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TCS Chief Natarajan Chandrasekaran Is New Tata Sons Chairman

Natarajan Chandrasekaran, the CEO and Managing Director of Tata Consultancy Services (TCS), will be the new chairman of Tata Sons, the holding company that controls the $100 billion Tata conglomerate. Mr Chandrasekaran will be the first non-Parsi chairman of Tata Sons. He will take charge from February 21, 2017. “At the …

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Government Forecasts Economic Growth at 3-Year-Low Even Without Notes Ban

India forecasts its growth will slow to a three-year low even before the effects of Prime Minister Narendra Modi’s cash clampdown start to show. Gross domestic product will grow 7.1 percent in the year through March, the Statistics Ministry said in a statement on Friday. However, the numbers don’t consider …

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Amazon reportedly planning to launch its own brand of workout clothes

Amazon is apparently getting into the yoga pants business. A series of recent job postings suggest that the online shopping giant plans to launch an athletic apparel line to join its existing roster of private-label clothing brands. The listings, which were posted in late December are seeking applicants “to build …

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Look out, Amazon: Another ecommerce giant is looming in home entertainment

In business as in life, imitation is the sincerest form of flattery. Alibaba, Amazon’s China-based ecommerce rival, is planning to spend more than $7 billion on its entertainment division over the next three years. The move would add yet another player to what has become a crowded and pricey entertainment …

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Ratan Tata Says ‘Definite Move’ To Damage His Reputation

Breaking his silence over the feud with ousted Tata Sons chairman Cyrus Mistry, Ratan Tata said there has been a “definite move” to damage his personal reputation in the last two months but truth will eventually prevail howsoever painful the process may be. Mr. Tata, who came back as interim …

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Twitter admits that it overcharged advertisers due to a bug in its Android app

On the heels of several embarrassing metric error disclosures from Facebook, Twitter is taking its own shot at the advertiser apology routine. The social network admitted to a bug in the most recent update to its Android app that caused it to overcharge advertisers throughout much of the past month. Twitter apparently divulged the …

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Nusli Wadia Removed From Tata Steel’s Board As Independent Director

Shareholders of Tata Steel Ltd have voted out independent director Nusli Wadia, who was alleged to have sided with the estranged chairman Cyrus Mistry. As many as 90.8 per cent of the shareholders present and voting at the company’s extraordinary general meeting yesterday voted in favor of the resolution moved …

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Guess who’s back? Arnab Goswami with his new venture “Republic”

After a brief sabbatical from the public eye, Arnab Goswami, famous journalist and talk show host has again started trending on social media owing to the announcement to launch his new venture. There have been speculations that he has set up a news channel called ‘Republic’ which is slated to …

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