Page 38 - India

India's role in easing fragmentation of global trade amid US-China tensions

Considering India's merchandise exports, the US is still our largest partner. But, it is India's imports that have solidified China as a significant trading partner

India to expand overseas port operations with Mongla terminal in Bangladesh

This will be the third international port operations by India after Chabahar in Iran and Sittwe in Myanmar and will be managed by IPGL

92% of knowledge workers in India use AI at work, lead world: Study

Most business leaders in India believe their companies need to adopt AI to stay competitive

Average home prices in India up 10% in first quarter this year: Report

3% increase in unsold inventory in top eight cities of the country, it says

India, Zimbabwe likely to ink pact for cooperation in fast payments system

India and Zimbabwe have agreed to explore an opportunity to ink a pact for regulatory cooperation in tele-medicines, rough diamonds, and fast payments system, an official statement said on Wednesday. It was agreed during the third session of India-Zimbabwe Joint Trade Committee (JTC), which was held here on May 13 and 14. They also agreed to make concerted efforts towards enhancing bilateral trade. "Both sides agreed to explore signing of Memorandum of Understanding (MoUs) for regulatory cooperation in digital transformation solutions, tele-medicines, rough diamonds, fast payments system and traditional medicine among others," the commerce ministry said. They also identified several areas of focus for enhancing bilateral cooperation in pharmaceuticals, healthcare, machinery, vehicles, electrical machinery, mineral fuels, iron and steel, agriculture and food processing, and renewable energy, it added. The two countries "agreed on closer collaboration between the Investment Promotio

AI spending in India may triple to $5 bn by 2027; $1,703 mn spent in 2023

Spending on Artificial Intelligence (AI) in the country may triple to USD 5 billion by 2027, an Intel-IDC report released on Tuesday said. According to the report, entities in India spent USD 1,703.8 million on AI in 2023. "AI spending in India is expected to increase to USD 5 billion with CAGR (compound annual growth rate) of 31.5 per cent between 2023 to 2027. By 2027 AI will be everywhere," Sharath Srinivasamurthy, Associate Vice President, IDC said. He said that in 2023, major spending of USD 209 million was driven by AI infrastructure provisioning and related software. It was followed by augmented customer service agents at USD 168.8 million, digital assistance USD 113.1 million, augmented threat intelligence USD 100.1 million and program advisors recommendation systems USD 97.1 million. "The infrastructure provisioning will continue to be the biggest contributor in overall spent," Srinivasamurthy said. Intel India Region Vice President and Managing Director, Santhosh Viswan

IIM Ahmedabad is India's best-performing higher institution, check report

The Center for World University Rankings (CWUR) released a list of top-performing institutions. Check the full report here

Google Doodle celebrates the fourth phase of Lok Sabha Elections 2024

The fourth phase of Lok Sabha Elections 2024 has started today. Google celebrates the festival of democracy and shares a doodle

India hits $100 bn remittance mark; first nation ever

A recent report revealed India has been the first to top the $100 billion mark amongst remittance receiving countries in 2022. Moreover, India is the largest origin country of international migrants.

India leads first Asia high-yield dollar bond sales rise in five years

Regional sales of such corporate notes, outside of Japan, touched $5.6 billion so far this year, already surpassing $4.4 billion in all of 2023, according to Bloomberg-compiled data

What is Sikhs for Justice Group and why is it banned in India

Sikhs for Justice is making headlines again! On Monday, May 6, Delhi Lieutenant-Governor V K Saxena recommended a National Investigation Agency (NIA) probe against Delhi Chief Minister Arvind Kejriwal

Google launches Google Wallet app in India All you need to know

Google has just launched the Google Wallet app in India. Watch the video to know about the app.

'Please be a part of our tourism': Maldives appeals to India

In a recent interview, Maldives tourism minister urged Indians to visit the island nation and contribute to its economy. He said, "Our economy depends on tourism".; Watch the video to know more. Watch

Lok Sabha Election 2024: Riteish-Genelia cast their votes at Latur

Lok Sabha Elections 2024: Riteish-Geneilia went to Latur from Mumbai to fulfil their duties and cast their votes on May 7, 2024

Cerberus eyes private debt growth in India as shadow banks retreat

India is fast emerging as a big market for private credit activity, as global firms deploy billions, lured by the fastest-growing major economy

India and Ghana agree to operationalise UPI link within six months

India and Ghana also discussed the potential of a Memorandum of Understanding (MoU) on digital transformation solutions and a local currency settlement system

3 Indians arrested in Nijjar case; India slams Canada as diplomatic tensions rise

Following reports of the arrest of three Indian nationals charged with the alleged involvement in the murder of Khalistani terrorist Hardeep Singh Nijjar, External Affairs Minister S Jaishankar

Next 5 years for India going to be of economic stability: J Sai Deepak

The next five years for India are going to be of economic stability coupled with volatility on different fronts, a prominent Supreme Court advocate has said, observing that the country's growth story will be impeded by law and order issues if the government doesn't come out with a mechanism to deal with the street warfare. I think the economic success of Bharat is a foregone conclusion for multiple factors, and I'm not being overconfident here. There is a hunger for economic growth within the population, which is significantly driving the India story," J Sai Deepak, who is also a popular public speaker among the BJP's support base, told PTI in an interview here. This hunger coupled with the enabling factors that the government has decided to create, in terms of a conducive atmosphere, will certainly help the growth story, he said. But the growth story will be impeded by law-and-order issues if the government doesn't come out with a mechanism to deal with the revised form of street .

Australia to grow more yellow chana after India removes 40% import duty

The removal of 40% import duty on desi chana by India will incentivise Australian farmers to increase both the acreage and production of Bengal gram for export to India

India sees incorporation of 185,000 companies in 2023-24, shows data

More than 1.85 lakh companies were registered in the country last fiscal, higher than the count recorded in the year-ago period, and nearly 16,600 companies were set up in March this year, according to official data. As per the data, 1,59,524 companies were registered with a collective paid up capital of Rs 18,132.16 crore in 2022-23. At the end of March 2024, the country had a total number of 26,63,016 companies and out of them, 16,91,495 companies or 64 per cent were active. As many as 9,31,644 registered companies were closed, 2,470 were dormant entities and 10,385 companies were under liquidation. A total of 27,022 companies were under the process of being struck off from official records. During FY 2023-24, a total of 1,85,312 companies were registered with a collective paid up capital of Rs 30,927.40 crore, according to the corporate affairs ministry's information bulletin for March. Out of them, 71 per cent were in the services sector, followed by 23 per cent in the indust