India-US Set to Renegotiate AÂ Digital Trade DealÂ
US sales of goods and services in India will become easier as both nations are renegotiating a trade deal, focusing on facilitating digital trade. Both parties agreed not to request information about source code, proprietary knowledge, specific technologies, production processes, etc., as a precondition of running a business in India. Through this agreement, numerous sectors…
ABHYUDAYA MITTAL
India & the UAE Sign a Historic Bilateral Trade DealÂ
India and the United Arab Emirates have announced a historic deal to take the bilateral trade of both countries to $100 billion, with non-oil and non-precious metal trade. Both countries plan to take their trade to $100 billion in the next three years, marking a major shift in the global economy. The decision was unveiled…
Simple Energy Makes India’s First Rare Earth-Free Motor
Simple Energy, a Bangalore-based company, announced that it has started commercial manufacturing of electric motors. The company has made a significant move and has become India’s first original equipment producer without using heavy rare-earth magnets. This development comes as China imposes restrictions on exports of heavy rare earth elements, disrupting the Global EV supply chain. …
Yash Sharma
Indian Rupee Records Low Due to US Dollar Heavy Demand
The Indian Rupee hit a fresh low on Thursday, pressured by the US’s heavy dollar demand, which reflects mounting import concerns over the negative impact of US tariffs on India’s domestic growth. The rupee fell to a record low of 88.4425 per dollar last Friday, down from 88.10 in the previous session, breaching its previous…
Vipin
OpenAI is All Set to Establish a Data Centre in IndiaÂ
OpenAI announced in August that it would establish its first office in India, in New Delhi, expanding its presence in the second-largest user market. This comes after the parent company of ChatGPT, OpenAI, had registered as a legal entity in India. OpenAI is looking for companies in India to partner in a 1-gigawatt capacity data…
abhinav singh
India to Surpass the US by 2038, Despite US Tariffs
A report from EY Economic Watch predicts that by 2038, India is expected to surpass the US in Purchasing Power Parity (PPP) only if both countries continue to grow at the forecast rates beyond 2030. India’s economy is one of the most dynamic, and it is now expected to reach $34.2 trillion over the next…
Chandan Kumar
SAP Launches Mega India Campus for 15,000 Employees
SAP Labs India has officially inaugurated its new €194 million Innovation Park in Bengaluru on August 5, marking a major milestone in the company’s global expansion strategy. Designed to accommodate up to 15,000 professionals, the state-of-the-art campus is set to become one of SAP’s largest development hubs worldwide, reinforcing India’s pivotal role in the company’s…
Indian Chip Market to Reach $110Billion by 2030
The Indian semiconductor market has evolved over the years from a consumer market to a key manufacturer in the global semiconductor value chain, reaching approximately 38 billion dollars in 2023. India’s semiconductor market is projected to reach $45–50 billion in 2024–25, grow to $63 billion by 2026, and rise further to $100–110 billion by 2030….
Shipra Prajapati
India-US Trade Pact Closes as Tariff Deadline Looming
As time runs out before the July 9 tariff deadline, India and the US are wrapping up talks on a limited trade deal confirmed by officials. While the agreement represents a notable advance in India-US ties, the deal is expected to sidestep delicate sectors like dairy, agriculture and genetically modified foods, with negotiation centred on…
Govt Sanctions ₹1.05 Lakh Crore Deals For Made In India Arms Boost
The Defence Acquisition Council Of India on Thursday authorised ₹1.05 lakh crore worth of local defence acquisitions. This is the first major step since Operation Sindoor highlighted India’s advanced precision strike capabilities. Defence Acquisition Council (DAC) led by Defence Minister Rajnath Singh, approved Acceptance of Necessity (AON) for 10 key capital acquisition proposals, covering armoured…
Sumit