Page 46 - India

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

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