Russian Oil Impact: India Saves $7.9 Bn On Oil Imports
Lately, the conflict in some parts of the world has increased the price of crude oil, threatening developing economies like India. However, India’s friendship with Russia has paid off again. According to ICRA, India saved more than $7.9 billion on oil imports in FY 23-24 by buying discounted crude oil from Russia. This is a…
abhinav singh
USA AI Advisory: Building An AI Proof Infrastructure
Countries worldwide are looking for ways to safeguard their infrastructure from AI attacks, and the USA has finally taken the first step towards devising a plan. The US government has formed an AI advisory. It has included tech leaders like Satya Nadella of Microsoft, Sundar Pichai of Alphabet, Sam Altman of OpenAI, Jensen Huang of…
Asian Economics: Trending Business News From Asia
Here is some of the top news from Asia you need to know to stay updated on the region’s economic landscape. South Korea Plan To Invest $7 Billion In The Next 3 Years The South Korean President, Yoon Suk Yeol, announced on 9 April 2024 that the nation will invest $7 billion in artificial intelligence…
Top 10 Tech Companies In Seattle: The Cream Of The Crop
Pursuing a career in the field of technology is a dream of many people. Although there are many career options in the field of tech. However, software engineering is the most sought-after. Software engineer roles are estimated to increase by 22% between 2020 to 2030. Choosing the right company is extremely important because it can…
Vikas
World’s Largest Economies: Richest Nations In The World
International Monetary Fund has declared the ‘Largest economies in the world’ list based on the countries’ nominal GDPs. The list is filled with the usual contenders like India, China, Germany, Japan, and the United States Of America. In this blog, we will go through the list and will tell you about the largest economies in…
Shipra Prajapati
Asian Nations In Generative AI Race Amid U.S. Dominance
The race for generative AI has started, and nations worldwide are trying their best to keep up with the big dogs. The United States of America is the biggest player in this race, all thanks to its giant tech companies like OpenAI, Google, Amazon, and Microsoft. These companies have ample funds and talent to tap…
India All Set To Become New Growth Engine, Not China: S&P
Asia has been going through some significant changes in the last few years; one of the major changes happening is the shifting of the global manufacturing hub from China to India. Many companies, including giants like Apple and Tesla, are also looking to establish manufacturing units in India. Apple has even started pumping out its…
US Chips Act Threatens To Dismantle Asian Chip Industry
In this day and age, technology is at the forefront of things. In order to keep manufacturing new tech, we need more semiconductor chips which are made by Asian countries. Now, the US has passed a bill to promote semiconductor manufacturing in America. Today, 70% of semiconductors manufactured globally are from Asia. The US plans…
JYOTI
Citigroup Cuts 300 Manager Roles To Reorganise The Firm
The third-largest American bank and one of the biggest banking firms in the world, Citigroup has announced that they will be cutting off 300 manager roles in an attempt to reorganise the firm. Around 10% of the workforce from total managerial roles within the firm will lose their position. A statement published by the bank…
Indonesia Lays Out Its Investment Plans For G7 Funding
In a step towards reducing its carbon emissions, Indonesia is all set to take the G7 investment deal. Indonesia aims to reduce its energy carbon emissions to 250 million tonnes and increase its share of renewable energy to 44% by 2030. This is a part of the G7 deal, JETP (Just Energy Transition Partnership). G7,…
Vishal Prajapati