New Delhi, Feb 23 (IANS) India’s GCC office market transition from cost‑cutting centres or back offices to global growth engines marks a watershed moment in the country’s economic history, a report said on Monday.The report from The Hindu said nearly 58 per cent of Global Capability Centres (GCCs) in India are investing heavily in Agentic AI, that can reason and execute complex tasks moving beyond experimentation to enterprise‑scale deployment.Indian GCCs now act as Centres of Excellence f…
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New Delhi, Feb 9 (IANS) In the backdrop of the interim India-US trade agreement framework, India must prioritise trade openness and reforms to unlock long-term competitiveness, a new report showed on Monday.These priorities are correcting inverted duty structures, streamlining logistics and customs to cut input costs, fostering assembly-based manufacturing for scale and employment and reducing protectionism, expanding FTAs, boosting R&D, and easing land/labour/skills constraints, according t…
New Delhi, Feb 4 (IANS) European aerospace company Airbus on Wednesday announced the inauguration of a Centre of Excellence (CoE) for aerospace studies at the Gati Shakti Vishwavidyalaya (GSV) in Gujarat’s Vadodara to research into converting municipal waste into Sustainable Aviation Fuel (SAF).A key focus area of the CoE would be R&D into Sustainable Aviation Fuel and supporting student-led innovations in future aerospace technologies, the company said in a statement.The Centre aims to stre…
Seoul, Jan 28 (IANS) Hyundai Mobis, South Korea’s leading auto parts maker, said on Wednesday its fourth-quarter net profit dropped 39.9 percent from a year earlier due to losses from equity investment in group affiliates, as well as the effects of Washington’s sectoral tariffs.Net profit for the three months ended in December totalled 768.1 billion won (US$536.4 million), compared with 1.28 trillion won from the same period in 2024, the company said in a regulatory filing.Operating profit for t…
New Delhi, Jan 22 (IANS) Federation of Indian Export Organisations on Thursday urged the government to use the Union Budget 2026 to tackle cost competitiveness issues faced by exporters through customs duty rationalisation and tax incentives.FIEO proposed five measures ranging from customs duty rationalisation to support for domestic shipping lines and enhanced tax incentives for R&D.The industry body argued targeted fiscal support and policy certainty are essential as India competes for glo…
New Delhi, Jan 19 (IANS) While the Space Policy 2023 enabled private sector participation, the next critical step is to boost fiscal, regulatory, and structural support to accelerate growth and position India among the top three spacefaring nations, said the Indian Space Association (ISpA) on Monday.The Association also outlined key private space sector recommendations for government consideration, which can help enhance domestic manufacturing, enhance national security, create high-value jobs, …
Gandhinagar, Jan 11 (IANS) The Vibrant Gujarat Regional Conference for Kutch and Saurashtra saw major announcements from India’s top industrial leaders, reinforcing Gujarat’s position as a national investment magnet on Sunday. Reliance Industries Chairman Mukesh Ambani unveiled five significant commitments for Gujarat, reaffirming the company’s deep connection with the state. He announced that Reliance will double its investment to Rs 7 lakh crore over the next five years, compared to Rs 3…
New Delhi, Jan 10 (IANS) India needs to further strengthen its renewable energy (RE) ecosystem and scale clean energy deployment, according to a senior government official.Santosh Sarangi, Secretary, Ministry of New and Renewable Energy, said that India’s renewable energy journey over the last decade has been nothing short of spectacular, marked by phenomenal leapfrogging in global rankings.“Our strategy has been defined by a single-minded national objective pursued across three clear vertic…
Seoul, Jan 6 (IANS) South Korea’s benchmark stock index briefly topped the 4,500-point mark on Tuesday for the first time, setting a fresh record high.The KOSPI briefly traded above the landmark 4,500 level, one day after breaking the 4,400-point mark on gains in technology stocks, reports Yonhap news agency.The main index opened lower Tuesday on profit taking but later turned higher as institutions and retail investors scooped up technology and other large-cap shares.The KOSPI was at 4,491.98 a…
New Delhi, Dec 20 (IANS) The Comprehensive Economic Partnership Agreement (CEPA) with Oman is expected to enhance India’s export competitiveness, secure energy supplies at favourable prices and strengthen India–Oman economic ties, a report said on Saturday.The report from Bank of Baroda said that CEPA aims to expand trade and investment, increase export opportunities for labour‑intensive micro, small and medium enterprise (MSME) sectors such as textiles, leather, footwear, gems and jewelle…