Page 42 - India

Sunita Williams breaks into gig onbard ISS after arrival on Boeing capsule

The journey wasn't without challenges, as new issues arose en route, but NASA astronauts Wilmore and Williams safely arrived aboard the station after overcoming obstacles

Who are the INDIA Bloc parties and how much seat they won? | Election results 2024

The Congress-led INDIA bloc won 234 seats in the 2024 Lok Sabha elections. Here’s a look at the members of the INDIA bloc and how they fared in different states

Strong economic base to help new govt make India a developed nation by 2047

India's world record beating economic growth rate together with robust tax revenues, a fast expanding digital and financial infrastructure and a strong manufacturing sector will give the new government a base for unleashing next generation reforms that may make the country a developed nation by 2047. The new government will however have to tackle with problems like unemployment and rural distress, which seemed to have played a major role in voting pattern in states like Uttar Pradesh, while also keeping inflation under control. Given that no party, including BJP, have a clear majority of its own, tough reforms like big ticket privatisation and labour law reforms may take a backseat. As per the available trends, BJP is likely to win about 240 seats in a 543- member Lok Sabha. It would have to rely on its allies like TDP and JDU to form the next government. The new government will have to build upon the 8.2 per cent GDP growth recorded in 2023-24 and carry on with the reforms to make

Reflections from Kanniyakumari: PM Modi's new vision for a developed India

These thoughts were penned by PM Modi on 1st June between 4:15 PM and 7 PM during his return flight from Kanyakumari to Delhi

Lok Sabha 2024 poll result on June 4:Brokerage expectation, market strategy

Here's how leading foreign and domestic brokerages have interpreted the Lok Sabha 2024 election-related developments thus far, their poll outcome scenarios and market strategy

India, Indonesia stand out for emerging market investors in ageing world

The investors are focusing on the two nations in emerging Asia, thanks in part to an expected boom in infrastructure spending, which in turn bodes well for the countries' economies

Heatwave Update: 10 hottest cities in India; temperature to touch 48-degree

The heatwave situation is expected to persist in the country, the temperature is close to 48 degrees Celsius. No relief in sight, according to IMD

Govt pursuing customs mutual recognition agreements with nations: CBIC

India has signed mutual recognition agreements (MRAs) with customs authorities of seven nations and is actively pursuing negotiations for such pacts with other countries, a top official said. The Central Board of Indirect Taxes and Customs and the Federal Customs Service, Russia, this month signed the Authorized Economic Operator (AEO) MRA to provide reciprocal benefits to accredited and trusted exporters of both signatories in the clearance of goods by the customs authorities of the importing country. "The CBIC and the Federal Customs Service, Russia signed the Authorized Economic Operator (AEO) Mutual Recognition Agreement, which is a major trade facilitation boost for Indian importers and exporters. While this is the 7th MRA that has been signed by Indian Customs, negotiations are being actively pursued with many other Customs' administrations," CBIC Chairman Sanjay Kumar Agarwal said in a communication to field formation. The AEO programme enables Customs administration to ...

Why is India a developing, not developed nation? Amitabh Kant answers

Former Chief Executive of NITI Aayog Amitabh Kant's comments coincide with a recent forecast by global brokerage Jefferies that predicted India's GDP to hit $5 trillion in the next four years

India rises to 39th position in WEF index for travel, tourism development

Country top performer in South Asia and among the lower-middle-income nations

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