New Delhi, Jan 25 (IANS) With exports stagnating and cost of doing business skyrocketing, Pakistan is going through an ‘investment emergency’ amid ad-hocism and a lack of transparency in policy affairs, a new report has revealed.According to the Federation of Pakistan Chambers of Commerce and Industry, the cost of doing business in Pakistan is 34 per cent higher than that of its neighbours and regional states.“This pushes the entire gamut of the economy on a slippery note as industries, entrep…
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United Nations, Jan 22 (IANS) Foreign Direct Investment (FDI) in India surged by 73 per cent last year, bringing in $47 billion, according to UNCTAD.The increase was “mainly due to large investments in services — including finance, IT (information technology), and R&D (Research and Development) — as well as manufacturing, supported by policies aimed at integrating India into global supply chains”, the UN trade agency said in a report released on Tuesday.India’s FDI growth rate was am…
Davos, Jan 21 (IANS) India clearly belongs to the first group of AI nations as AI architecture comprises five layers — application, model, chip, infrastructure, and energy — and we are actively working across all five, Union Minister for Electronics and IT, Ashwini Vaishnaw, has said.Outlining India’s approach to Artificial Intelligence (AI) the minister emphasised large-scale AI diffusion, economic viability, and techno-legal governance, during a panel discussion at the World Economic Foru…
New Delhi, Jan 17 (IANS) The admission by Pakistan Finance Minister Muhammad Aurangzeb that some multinational companies have left the country due to ‘high taxes and energy costs’ has proved that doing business there is becoming extremely difficult for global firms.Addressing the Pakistan Policy Dialogue, hosted by Policy Research and Advisory Council (PRAC), in Islamabad, he said there are firms that are leaving Pakistan, “which is true”, reports Pakistan Observer.“We must acknowledge if …
New Delhi, Jan 17 (IANS) Tesla CEO and founder of AI firm xAI Elon Musk has asked a US federal court to award him $79 billion to $134 billion in damages, alleging that OpenAI and Microsoft defrauded him by abandoning OpenAI’s nonprofit mission and partnering with the software giant.Musk’s lawyers filed the damages request a day after a judge denied OpenAI and Microsoft’s final bid to avoid a jury trial scheduled for late April in Oakland, California, according to multiple reports.The filin…
New Delhi, Jan 16 (IANS) US-based AI safety and research company Anthropic on Friday announced to hire Irina Ghose as Managing Director for India market, as it prepares to open its first office in the country.Ghose, who most recently served as Managing Director, Microsoft India, brings more than three decades of experience in scaling technology businesses.“India has a real opportunity to shape how AI is built and deployed at scale,” she said.Indian organisations are moving beyond experimenta…
Bhopal, Jan 15 (IANS) Madhya Pradesh Chief Minister Mohan Yadav on Thursday announced that the state government will introduce a dedicated Artificial Intelligence (AI) policy aimed at strengthening governance and promoting public welfare.Speaking at the Regional AI Impact Conference, organised in collaboration with the India AI Mission in Bhopal, Yadav said the state is taking concrete steps to make AI the backbone of citizen-centric, transparent and efficient governance, with support from the C…
New Delhi, Jan 14 (IANS) Around 52 per cent of tech and banking professionals in India and US said their companies plan to increase hiring in India in 2026, a report said on Wednesday.The report from anonymous community app for professionals, Blind, said that 34 per cent of respondents expect a significant increase and 18 per cent who anticipate a moderate rise, the report said.The survey gathered responses from 2,392 verified professionals across the United States and India and reported that th…
Washington, Jan 14 (IANS) Seattle University and the Consulate General of India in Seattle hosted a briefing session on the AI India Impact Summit 2026, highlighting India’s approach to artificial intelligence as a tool for social good, sustainability and inclusive economic growth.The event was held at the Casey Commons Conference Hall on the Seattle University campus on Monday and drew a large turnout of students and senior faculty. The discussion focused on the summit’s theme, “People, P…
New Delhi, Jan 12 (IANS) Pakistan is facing an exodus of global companies across sectors due to the unfriendly business climate exacerbated by military dominance in commerce, a media report said. This development is leading to a decline in foreign direct investment and job creation in a country that is already struggling with an economic crisis, according to an article in the Asian News Post.The major multinational corporations that have exited Pakistan in recent years include fast-moving consum…