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Over $200 billion AI investment expected in 2 years, asserts Minister Vais
Updated : 6 hours, 38 min ago IST
India is expecting more than USD 200 billion in investments over the next two years, Union Minister for Electronics and IT Ashwini Vaishnaw said while speaking to ANI at the India AI Impact Summit, highlighting strong global interest in the country's AI and deep tech ecosystem.
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Silver import surges 128.95% in terms of value during Apr-Dec, gold by 1.8
Updated : 6 hours, 37 min ago IST
Longer-term trends indicate a structural shift in India's gold imports, with value rising sharply over time while volumes have stagnated or declined. Gold import value increased from USD 32.91 billion in FY19 to USD 58.01 billion in FY25, a 76 per cent rise over six years.
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Exports, imports rise in January; India trade deficit nearly doubles
Updated : 6 hours, 37 min ago IST
India's overall exports, merchandise and services combined, increased by 13.16 per cent year-on-year to USD 80.45 billion in January 2026, compared with USD 71.09 billion in January 2025, according to data released by the Commerce Ministry on Monday.
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India forex reserves drop $6.7 billion from record high to $717.1
Updated : 6 hours, 36 min ago IST
India's foreign exchange reserves dipped USD 6.711 billion in the week that ended February 6 to USD 717.064 billion, after having reached a new all-time high in the prior week, according to the Reserve Bank of India's latest data.
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Growtele Communication Eyes USD 55 Million Valuation on Back of CPaaS Grow
Updated : 6 hours, 34 min ago IST
New Delhi [India], February 12: Growtele Communication Pvt Ltd, a Communications Platform as a Service (CPaaS) provider, is targeting a valuation of around ₹500 crore (approximately USD 55 million) as it expects to double its turnover in FY26, supported by rising enterprise adoption of cloud
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Manufacturing sits as engine of growth for India's ambition of USD 35 tril
Updated : 6 hours, 34 min ago IST
Recognising this importance, the Union Budget 2026-27 has reinforced support for manufacturing through targeted measures focusing on investment incentives, innovation, infrastructure development, and industrial ecosystem strengthening, it added. Building on the three defined Kartavyas , the
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India's trade surplus with US may cross USD 90 billion within a year after
Updated : 6 hours, 34 min ago IST
India's trade surplus with the United States may cross USD 90 billion annually, supported by a sharp rise in exports and higher import potential, according to a report by SBI.
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New Sovereign AI hub to create 5,000 high-skilled jobs in Odisha following
Updated : 6 hours, 34 min ago IST
The project follows a strategic proposal from Sarvam AI, a leading Indian startup, which plans to invest approximately Rs 20,000 crore (USD 2.3 billion) to set up the hub. This facility will serve as a cornerstone for the state's digital transformation, transitioning Odisha from its traditio
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India's medical devices industry to reach USD 50.1 billion by 2030: Report
Updated : 6 hours, 34 min ago IST
According to the report, growth is being propelled by government initiatives such as National Medical Devices Policy (NMDP), Production-Linked Incentive (PLI) Scheme, Scheme for Promotion of Medical Devices Parks, and MedTech Mitra. The study assumes greater significance in the light of t
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The USD 58B Strategic Reset: Space Matrix Delivers 5.98 Million Sq. Ft. as
Updated : 6 hours, 34 min ago IST
New Delhi [India], February 11: Space Matrix, a global leader in workplace design and build consultancy, today announced it has delivered 5.98 million sq. ft. of office projects, impacting approximately 60,000 lives in India during FY25. This milestone marks a decisive shift in the boardroom
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India's Foundry Industry To Reach USD 42.5 Bn. By 2029: Bharat Foundry 360
Updated : 6 hours, 34 min ago IST
Mumbai (Maharashtra) [India], February 11: India's foundry industry, the world's second-largest casting producer, is thriving. The Indian foundry market that was valued at USD 23.6 billion in 2024, is now projected to reach USD 42.5 billion by 2029, growing at a 9.4% CAGR, significantly out
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TSMC approves USD 44.96 billion capital budget to fuel global AI expansion
Updated : 6 hours, 34 min ago IST
Taiwan Semiconductor Manufacturing Co. (TSMC) approved a USD 44.96 billion capital budget on Tuesday to expand its advanced and speciality technology capacity amid a global surge in demand for artificial intelligence.
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