Modi

S i2i 2Q earnings fall more than three-fold on higher purchases and changes in inventories
SINGAPORE (Aug 1): Telecom and IT service provider S i2i, formerly known as Spice i2i, saw 2Q earnings ended June of $127,000, down more than three-fold from the $433,000 posted in the same period a year ago despite higher sales in Indonesia. This was because of 13.9% higher purchases and changes in inventories and direct service fees incurred of $82.9 million compared to $72.8 million a year ...
Chinese smartphone billionaire is doubling Xiaomi's bet on India
BANGALORE/SYDNEY (March 31): The worst may be over for Xiaomi Corp.  The Chinese smartphone maker once compared with Apple Inc. has resumed growth and global revenue should surpass US$15 billion ($21 billion) this year as an expensive gamble on India pays off, billionaire co-founder Lei Jun said. After spending US$500 million in the subcontinent since its debut two ...
A billion identities at risk as India goes cashless
NEW DELHI (Feb 27): Shivam Shankar Singh woke last month to an e-mail from an Indian government department. It had a name, address, mobile phone number and bank account with a code for money transfers and investments made in a dairy farm. None of the details were his. The e-mail contained details submitted to a program that collects personal and biometric data, and was meant for someone from ...
How India's cash chaos is shaking everyone from families to banks
MUMBAI (Nov 22): Serpentine queues spilling from banks. Parents worried that they can’t provide for their families. Prime Minister Narendra Modi appealing to Indians to bear the pain for just a little while longer. These pictures continue to dominate media coverage in Asia’s third-largest economy, even two weeks after the government’s shock clampdown on cash. While supporters ...
A New India is growing faster, but much more divided
NEW DELHI (Nov 17): Halfway through his first term as India’s prime minister, Modi and his Bharatiya Janata party have a mixed record in power. Growth is expected to be around 7.7% in the year through March and Modi passed a goods and services tax. There have been no major corruption scandals. India has momentum. Modi’s successes have little meaning. After stiff opposition ...