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The AI & Autonomous Revolution: A USD 7 Trillion Market by 2030
Updated : 1 year, 6 months ago IST
New Delhi [India], September 18: As the world races toward an AI-powered future, one factor stands out as critical--energy. Artificial intelligence (AI) and autonomous systems are pushing the boundaries of technology, but they are also driving unprecedented demand for power. Companies like S
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High Gold imports has driven India's trade deficit to 10-month high in Aug
Updated : 1 year, 6 months ago IST
The surge in trade deficit in the month of August was primarily driven by record gold imports totalling USD 10.1 billion, said a report by Emkay.
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Amid rising tension with China, US to approve USD 228 mn military equipmen
Updated : 1 year, 6 months ago IST
Taiwan's Ministry of National Defence also highlighted the strategic importance of this sale, noting that ongoing grey zone tactics by China have impacted Taiwan's training and operational readiness. The ministry further highlighted that this aviation-related equipment would enhance the comb
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Gold Imports Surge during April-August 2024, while exports of Gems and jew
Updated : 1 year, 6 months ago IST
India's export of gems and jewellery declined to USD 11.10 billion in April-August 2024, compared to USD 12.43 billion during the same period in 2023. This dip comes even as the domestic demand for jewellery remains strong, driven by rising gold imports and changing consumer buying patterns.
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In August, India's exports decline 2.4%, imports rise 3.5%; trade deficit
Updated : 1 year, 6 months ago IST
India's overall exports, merchandise and services combined, in August were to the tune of USD 65.4 billion, a dip of 2.4 per cent on a yearly basis, Commerce Ministry data showed on Tuesday. Same month last year it was USD 67.0 billion.
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JBM Ecolife Mobility receives USD 100 mn fund from ADB and AIIB
Updated : 1 year, 6 months ago IST
Electric bus manufacturer, JBM Ecolife Mobility, a subsidiary (JV) of JBM Auto has secured a USD 100 million strategic funding from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB), the company informed the exchange in a filing on Tuesday.
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Gilgit-Baltistan government hikes K2 climbing permit fees
Updated : 1 year, 6 months ago IST
The Gilgit-Baltistan Tourism, Sports, Culture, Archaeology, and Museum Department has announced a permit fee structure for foreign climbers attempting to conquer K2, the world's second-highest peak. The notification outlines the following fees -- USD 5,000 for the summer season, USD 2,500 fo
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India-Based Semiconductor-Chip-Manufacturer Polymatech Announces Initial U
Updated : 1 year, 6 months ago IST
Chennai (Tamil Nadu) [India], September 16: Bahrain Economic Development Board (Bahrain EDB) has secured initial investment commitments valued at over USD 16 million from Polymatech to establish a semiconductor manufacturing facility in Bahrain's Industrial Area of Hidd.
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India positions itself for 100 % electronic manufacturing from chips to fi
Updated : 1 year, 6 months ago IST
The report stated that Prime Minister Narendra Modi has set an ambitious target for the electronics industry with an aim to expand the sector to USD 500 billion from its current USD 150 billion.
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India's forex reserves are on the rise; gained USD 66 billion in 2024
Updated : 1 year, 6 months ago IST
India's foreign exchange reserves have been rising for months now, hitting several all-time highs. The forex kitty increased by USD 66 billion so far this year and is currently at USD 689.235 billion.
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India's position as "GCC Capital of the World": Nasscom & Zinnov study
Updated : 1 year, 6 months ago IST
The total number of Global Capability Centres (GCCs) in India crossed the number of over 1,700, and the revenue of GCCs rose to USD 64.6 billion in the financial year 2024, a report jointly released by Nasscom and consulting firm Zinnov said, terming the country the "GCC Capital of the world
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CBI arrests cyber criminal on FBI input; seizes 57 gold bars, Rs 16 lakh c
Updated : 1 year, 6 months ago IST
It was alleged that accused individuals, between June and August 2022, conspired to target a U.S. citizen by gaining unauthorized remote access to the victim's computer and bank account. It was also alleged that under the pretext of offering tech support services, they falsely informed the U
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