India and Myanmar Execute First Rupee-Kyat Trade Settlement
India and Myanmar have executed the first transaction under the Rupee-Kyat Trade Settlement Mechanism. On July 2, 2024, the Yangon office of the Punjab National Bank completed a transaction exceeding one crore rupees for the shipment of pulses, marking a
IBM and HCLTech Open New Generative AI Hubs in US, UK, and India
IBM and HCLTech have announced the launch of Generative AI Centres of Excellence in the US, UK, and India. These centers will leverage IBM’s watsonX AI and data platform and will be hosted within HCL’s AI and Cloud Native Labs
Hexaware Technologies to Hire 4,000 in India as Part of 6,000-8,000 Global Recruitment Drive
Hexaware Technologies is set to expand its global workforce by 6,000 to 8,000 employees in 2024, with approximately 4,000 positions earmarked for India. The Navi Mumbai-based IT company, which currently has around 30,000 employees, will focus its recruitment efforts on
Chandrayaan-3 Pragyan Rover Makes New Discoveries on Moon’s South Pole
The Pragyan rover from India’s Chandrayaan-3 mission has made notable discoveries on the lunar surface. Deployed by the Vikram lander, the rover observed small rock fragments scattered around the rim, wall slopes, and floor of craters in the southern high-latitude
India Introduces No-Fee e-Tourist Visa for Malaysian Travelers
To boost tourism, the High Commission of India in Kuala Lumpur has announced a new visa initiative for Malaysian nationals. Effective from July 1, 2024, Malaysian travelers can apply for a 30-day e-tourist visa with double entry at no cost.
India Pursues Critical Mineral Partnerships in Africa and Latin America
India is actively engaging with African and Latin American countries to secure critical mineral blocks essential for clean energy technologies, such as electric vehicles and wind turbines. Veena Kumari Dermal, joint secretary of the Ministry of Mines, announced on Tuesday
India to Create Cross-Border Retail Payment Platform with ASEAN Countries
The Reserve Bank of India (RBI) announced its participation in Project Nexus, joining four ASEAN countries to establish a platform for instantaneous cross-border retail payments. Nexus, conceptualized by the Bank for International Settlements (BIS) Innovation Hub, aims to connect India’s
World Bank Invests Additional $1.5B in India’s Green Hydrogen and Renewables
The World Bank is boosting India’s green energy sector with an additional $1.5 billion loan for green hydrogen and renewables. This new funding, which follows a previous $1.5 billion commitment, brings the total support to $3 billion. The funds will
India Named Partner Nation for Blue Origin Space Flight
India has become a partner nation in the Space Exploration and Research Agencies (SERA) human spaceflight program, collaborating with Jeff Bezos’ Blue Origin. The program targets countries with few or no astronauts. Selected astronauts will train in West Texas for
India and Australia Enhance Critical Minerals and Battery Production
India and Australia are collaborating to boost critical mineral production, processing, and battery manufacturing as part of their trade partnership. Commerce Secretary Sunil Barthwal announced this at a New Delhi conference on vehicle electrification. Both nations have signed an interim
