Indian IT major HCL Technologies (HCL) opened a grand new office in the Sri Lankan capital at the state-of-the-art Cinnamon Life complex
South Asian Talent Almost Everywhere; Missing is an AI Invention from the Region the World Depends on
The ambition exists across the region. Young Indian companies are building rocket engines and computer chips, products India has long bought from abroad. Pakistan sent a delegation to Silicon Valley to show what its technology industry can do
Where Is India's Apple? A Nation's Strategic Independence is Directly Proportional to its Economic Independence
A country can only be as independent in its diplomacy as it is in its economy. A nation that imports its phones, its chips and much of its energy, will always have less room to manoeuvre than one that makes what the world needs.
China's Open-Source AI Initiative and the Limits of BRICS Consensus
The difference between Xi's New Delhi proposal and the language of the declaration illustrates the distinction between China's ambitions for AI cooperation and the level of agreement achieved among BRICS members. The declaration did not reject China's AI diplomacy; it simply did not explicitly endorse the proposed open-source community.
AI on the Battlefield: The Mirage of Unlimited Capability
The AI revolution may indeed change warfare. But the laws of physics, engineering and economics have not been repealed. AI may be extraordinarily powerful in the data centre. The real challenge is carrying that capability to the battlefield.
More on AI, Tech and Innovation
Boost for Indian exports: US dropping punitive tariff after deal on digital services tax
With the two countries reaching an "overall political agreement", the US has decided to drop the proposed 25 per cent additional duties on more than 25 Indian exports ranging from shrimps and basmati rice to gold jewellery and furniture following a settlement of the dispute over the Digital Services Tax (DST) imposed by New Delhi on some giant American companies
Record sale of bikes in Pakistan as rural areas thriving, claims minister, blaming inflation, not poverty, for citizens' affordability problems
Pakistan's rural areas are "thriving" due to bumper crops leading to "record sales of motorcycles", said Shaukat Tarin, Advisor to Prime Minister on Finance and Revenue, citing World Bank's latest data showing a drop in Pakistan's poverty level by 1 per cent
Pakistan, Russia to close deal on Pakistan Stream Gas Pipeline
Islamabad and Moscow have agreed on a draft of the shareholders' agreement for construction of the Pakistan Stream Gas Pipeline project and are set to sign the accord by February 15, 2022, the Pakistani Embassy in Moscow said on Friday
Ballooning trade deficit forced government to approach IMF, says Pakistan PM
The ballooning trade deficit has compelled the government to go to the International Monetary Fund (IMF), Pakistan Prime Minister Imran Khan said, days after the IMF and the government reached a staff-level understanding for the revival of the $6 billion bailout package
India extends additional $15 mn grant for Greater Male Connectivity Project
India has extended an additional US$15 million for the construction of the Thila-Male Bridge, a 6.74 km-long bridge and causeway link between Male and nearby islands of Villingli, Gulhifalhu and Thilafushi
Tata Steel executes inaugural blockchain-enabled trade between India and Bangladesh
Tata Steel has executed a blockchain-enabled paperless export order with a metals major in Bangladesh
India, US to integrate economies, sort out trade irritants
India and the United States on Tuesday outlined a roadmap for integrating the two economies across sectors and move towards an ambitious future for trade relations
World Bank loan for India to improve quality of learning in Andhra Pradesh
India has signed a US$ 250 million loan agreement with the World Bank to improve the quality of learning for over five million students across Andhra Pradesh state in southern India
Indian firm CARS24 signs major property deal in Dubai
The Jebel Ali Free Zone in Dubai has seen one of the biggest deals signed for commercial property in recent times, with Indian firm CARS24 leasing one million square feet facility
IMF likely to revive $6 billion bailout package to Pakistan soon; relief for country's economy
The International Monetary Fund (IMF) and the Pakistan government have reached a staff-level agreement for the revival of the $6 billion Extended Fund Facility (EFF) which has been stalled due to the pending review since April this year, the global lender said on Monday
India could gain from VC investment flows in edtech, fintech as China investment slows: KPMG report
Shifting regulations targeting specific sectors like edtech and fintech in China could drive venture capital investments in other parts of Asia and India would have a lot to gain going forward in the October to December (Q4) quarter of 2021, as VC investment is likely to remain slow in a number of sectors in China, UNI news agency said
ADB approves USD 150 million to fund 30,000 small enterprises in Bangladesh, 20 percent to women-led microbusinesses
The Asian Development Bank (ADB) has approved USD 150 million in loans to Bangladesh to finance the cottage, micro, and small-sized enterprises (CMSEs) operated by youth, returning migrant workers, and rural entrepreneurs, particularly women, who have been hit hard by the COVID 19 pandemic
Indian yoga guru ventures into media, to launch TV channels in Nepal
Indian yoga guru Baba Ramdev's Rs 10,000-crore FMCG is making its foray into media and two channels are to be launched Friday in the presence of Nepal Prime Minister Sher Bahadur Deuba and Indian Transport and Highways Minister Nitin Gadkari in Kathmandu
Australia hopes to tap projected USD 1 trillion India's digital economy through Bengaluru consulate
Australia is geared to tap the projected USD 1 trillion Bengaluru-centric India's digital economy by establishing a new Consulate General in Bengaluru, known as India's tech capital
