Gothenburg, May 18 (IANS) Prime Minister Narendra Modi addressed the European Round Table for Industry (ERT) in Sweden’s Gothenburg on Sunday and said that the “partnership between India and Europe is not just limited to economic figures only but it is guided by common values, democracy and diversity”. Swedish Prime Minister Ulf Kristersson, President of the European Commission Ursula von der Leyen, senior European industry leaders, and representatives from leading European and Indian companies …
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The Hague, May 17 (IANS) As Prime Minister Modi on Saturday decided to further elevate the bilateral relationship with the Netherlands to a “Strategic Partnership”, the Dutch counterpart Rob Jetten said that in current times of international uncertainty, it is important that the Netherlands can rely on like-minded and valued allies such as India. “Both India and the Netherlands attach great importance to democracy, good governance and a world order based on rules and justice. My discussion with …
The Hague, May 17 (IANS) The Ministry of External Affairs (MEA) said on Saturday that Prime Minister Narendra Modi and his Netherlands counterpart Rob Jetten adopted an ambitious roadmap on strengthening the India-Netherlands relationship. Reflecting the shared values and trust, as well as increasing convergence and growing cooperation between India and the Netherlands, the two leaders decided to elevate the bilateral relationship to a “Strategic Partnership”.Addressing reporters following the d…
New Delhi, May 16 (IANS) The MeitY-backed ChipIN Centre — focused on semiconductor design education and VLSI research — has been inaugurated at Sona College of Technology in Tamil Nadu on Saturday to strengthen India’s semiconductor ecosystem and support the country’s ‘Make in India’ chip push.The ‘Sona ChipIN Centre’, established at the Department of Electronics and Communication Engineering (ECE), has been set up under the Chips to Startup (C2S) programme supported by the Ministr…
Seoul, May 15 (IANS) Samsung Electronics’ largest labour union said on Friday it will proceed with a major strike planned for next week despite the company’s proposal to resume talks without preconditions.An official proposal was sent to the union earlier in the day, in what is seen as the management’s latest effort to avert a planned 18-day strike beginning next Thursday that could disrupt production at the world’s largest memory chipmaker.The union reaffirmed its position that it has no inte…
Seoul, May 14 (IANS) Samsung Electronics and the government on Thursday urged labour unions at the world’s largest memory chipmaker to resume wage negotiations after government-mediated talks collapsed earlier this week.The South Korean tech giant sent an official document to its two major labour unions in what is widely viewed as a last-ditch effort to avert a strike scheduled for next Thursday.Two days of government-led mediation talks ended without an agreement Wednesday, as labour and manage…
Seoul, May 12 (IANS) The South Korean economy is showing signs of recovery, thanks to robust semiconductor exports and improving consumption demand, but downside risks persist due to uncertainties surrounding the Middle East, a state-run think tank said on Tuesday.”Exports are growing at a high rate, led by semiconductors, while domestic demand continues to improve,” the Korea Development Institute (KDI) said in its monthly economic assessment, reports Yonhap news agency.But the KDI said downsid…
Seoul, May 11 (IANS) The largest labour union at Samsung Electronics on Monday reiterated its demand that the company allocate 15 per cent of operating profit to employee performance-based bonuses and remove the payout cap, warning that mediation efforts could collapse if no progress is made.Choi Seung-ho, head of the union, reaffirmed the labor group’s position ahead of follow-up mediation talks aimed at averting the union’s planned 18-day strike beginning May 21, reports Yonhap news agency.”We…
Seoul, May 11 (IANS) South Korean stocks were trading at a fresh record high of above 7,800 points on late Monday morning, boosted by an extended rally of blue chip semiconductor shares, despite woes over the U.S.-Iran peace deal falling apart.The benchmark Korea Composite Stock Price Index (KOSPI) had surged 324.22 points, or 4.32 percent, to 7,822.22 as of 11:20 a.m. after rising as high as 7876.60, reports Yonhap news agency.The index has been on a record-breaking run for the fifth consecutiv…
Washington, May 9 (IANS) India is pushing for the “democratisation of AI” while expanding technology cooperation with the United States, Ambassador Vinay Kwatra said at the US-India AI and Emerging Technology Forum.Speaking at an event here, Kwatra said the recent AI summit in India brought together global leaders, scientists and industry to shape a shared vision.“One of the driving thrust…was eventually the democratisation of AI,” he said.He explained the idea as wider access to AI ou…