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Modi leaves for UAE on Sunday

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New Delhi: Prime Minister Narendra Modi leaves for a two-day visit to the United Arab Emirates (UAE) on Sunday.

modiDuring the visit, Modi, who will be the first Indian prime minister to visit the UAE after Indira Gandhi in 1981, will seek to boost cooperation in energy, trade, people-to-people ties, and more investments in India.

Terrorism will also be high on the talks agenda.

The prime minister will reach Abu Dhabi on August 16 and go to Dubai the next day.

On the first day, Modi will hold official talks with the leadership of Abu Dhabi and later visit Masdar City, a city project in Abu Dhabi where he is expected to spend time watching presentations, the external affairs ministry said.

Later, he will meet business people and focus on investments.

The following day, he will first visit the Sheikh Zayed Grand Mosque in Abu Dhabi and then travel to Dubai where, after meeting Dubai’s ruler, he will attend a grand public reception hosted for him at the Dubai Cricket Grounds.

Ahead of the visit, Modi on Thursday said in a statement that the UAE was a valued partner and the extent of bilateral ties indicate the vibrant relations the nations enjoy.

“India is the UAE’s second largest trading partner and the UAE is India’s third largest trade partner,” he said.

Modi said the over 2.5 million Indians who have made the UAE their home “contributed immensely to the progress of the UAE and also gave back to India at every occasion.

“India and the UAE are fantastically connected, be it via air or through the sea.”

He also praised the economic progress made by the UAE.

Modi said that during his visit, he will seek to enhance cooperation in energy and trade and talk to investors on why India was an attractive destination to invest.

“I am certain my visit will boost people-to-people ties between our nations. I specially look forward to meeting the large community of Indian workers based in the UAE,” he said.

(IANS)

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Oracle Witnessing Double-Digit Growth in India For Past 3 Years

The Oracle Autonomous Database now has the capability to automatically scan for security threats and apply security updates while running to help prevent cyberattacks and data theft

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Cloud major Oracle, which is seeing high demand in the Banking, Financial Services and Insurance (BFSI), telecom and manufacturing sectors in India, has witnessed double-digit growth in the country for the past three years, a top company executive has said.

Start-ups and small and medium businesses (SMBs) are fast adopting Oracle’s Software-as-a-Service (SaaS) in the country.

“We are seeing double-digit growth (on an average) in the country. In fact, that’s both in our NetSuite business as well as our enterprise business.

“The India Cloud business is really booming. Overall, the double-digit growth has been there for the last three years in the country, which has been the best-performing region in the Asia-Pacific for us,” Shaakun Khanna, India SaaS GTM Lead, Oracle, told IANS in an interview.

The company competes with major Cloud players like Amazon Web Services (AWS), Google Cloud Platform and Microsoft Azure and provides services such as SaaS, Platform-as-a-Service (PaaS) and Data-as-a-Service (DaaS).

According to Oracle, as a corporation, the firm is on track to become the top SaaS company in the world.

The company offers innovative and proven Cloud suite of SaaS applications that enable customers to transform their business with the latest intelligent technologies such as Artificial Intelligence (AI) and Machine Learning (ML).

“From a perspective of completeness of our enterprise applications, there’s no one who can compare with us. So, that’s pretty much our objective and vision in India as well,” Khanna added.

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Witnessing double-digit growth in India for past 3 years: Oracle. IANS

According to the company, going “autonomous” gave it an edge over rivals in the country.

Larry Ellison, Co-Founder and Executive Chairman of Oracle, in October unveiled the second generation Oracle Cloud with autonomous capabilities, improved security and upgrades for enterprises at the company’s annual user conference “Oracle Open World 2018” in San Francisco.

According to Khanna, autonomous is probably the biggest thing because, with autonomous, the ability to engage technologies like AI, ML, UI-UX, is there.

“I think the other advantage is our diversity, because if you look at it, we are the only company of our stature in the world that has everything — it’s not just the applications that are ours, the hardware, the infrastructure, the database, everything is Oracle,” Khanna noted.

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The Oracle Autonomous Database now has the capability to automatically scan for security threats and apply security updates while running to help prevent cyberattacks and data theft.

“If you look at the way Oracle built its first set of Cloud infrastructure is very similar to how Google built it, how Amazon built it, how Microsoft built it, almost everyone built it and we are doing exactly the same.

“Larry and the other founders who started Oracle — they were working for a CIA project and then they came out and started Oracle. So we understand security from our DNA,” said Mitesh Agarwal, Vice President, Key Accounts, Oracle India.

“Almost all of our competitors have never managed to move an enterprise workload to the Cloud — not a single one of them. They all have peripheral applications that have moved to the Cloud. That’s still only about 5-6 per cent of the workloads in the world,” Agarwal informed. (IANS)