Tag : India

Technology

India weighs $11 billion fund to boost chipmaking

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NEW DELHI: India is preparing a new fund worth more than 1 trillion rupees, or about $11 billion, to support domestic semiconductor production, according to a report published Thursday. The report said the proposed funding would provide...
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Pakistan clears Murid base building footprint in Feb 2026

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ISLAMABAD: Pakistan has demolished a building inside Pakistan Air Force Base Murid that was heavily damaged during India’s May 2025 Operation Sindoor air strike, according to commercial satellite imagery dated Feb. 28, 2026. The latest image shows...
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India tops USGS list for thorium resources and fuel debate

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NEW DELHI: India holds the world’s largest identified thorium resources, according to the latest U.S. Geological Survey compilation, a position that has long underpinned New Delhi’s interest in using the metal as part of its nuclear energy...
Business

India forex reserves hit record $728.49bn on RBI data

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MUMBAI: India’s foreign exchange reserves rose to a record $728.494 billion in the week ended Feb. 27, according to data released by the Reserve Bank of India on Friday. The stockpile increased $4.885 billion from $723.608 billion a...
Business

India and Canada reset ties with trade and uranium deal

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NEW DELHI: India and Canada issued a joint leaders’ statement on Monday after talks between Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney during Carney’s official visit to India from Feb. 27 to March...
Business

India joins Pax Silica initiative, signs AI pact with US

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NEW DELHI: India joined the Pax Silica initiative on Feb. 20 by signing the Pax Silica Declaration and a bilateral addendum titled the Joint Statement on the India-U.S. AI Opportunity Partnership at an event held on the...
Technology

UAE Crown Prince lands in New Delhi for India AI summit

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NEW DELHI: Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, arrived in New Delhi on Wednesday on behalf of UAE President Sheikh Mohamed bin Zayed Al Nahyan to participate in the India...
Business

India approves $1.1B venture fund of funds for startups

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NEW DELHI: India’s Union Cabinet has approved a new state-backed venture capital initiative, clearing the Startup India Fund of Funds 2.0 with a corpus of ₹10,000 crore (about $1.1 billion) to mobilize venture capital for the country’s...
Business

Modi unveils 2047 tax holiday to grow India data centres

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MENA Newswire, NEW DELHI: India’s government has proposed a tax holiday through 2047 for foreign companies that provide cloud services to customers worldwide while running those workloads using data centre services based in India, a long-horizon incentive...
PM Modi urges BRICS to invest in people-centric health innovation
Business

PM Modi urges BRICS to invest in people-centric health innovation

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Modi endorsed Brazil’s smart hospital at the BRICS summit, urging tech-driven healthcare innovation and ethical AI governance across member nations....