Bhopal, May 11 (IANS) Madhya Pradesh Chief Minister Mohan Yadav on Monday backed Prime Minister Narendra Modi’s appeal to citizens to adopt conservation measures in the wake of the global crisis and asked people to follow the suggestions in the national interest. Chief Minister Yadav discussed the Prime Minister’s appeal with the Council of Ministers during the weekly Cabinet meeting on Monday, according to a statement from his office.“PM Modi has urged citizens to adopt various measures f…
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New Delhi, May 11 (IANS) India’s gross domestic product (GDP) is expected to grow 6.6 per cent in fiscal 2027 while retail inflation will average 5.1 per cent in FY27 amid the geo-political tensions, a report said on Monday.Prolonged closure of the Strait of Hormuz has pushed Brent crude price forecasts up to $90‑95 per barrel from $82‑87 previously and is expected to keep crude oil prices elevated for longer, the report from Crisil Ratings said.The ongoing conflict has underscored the imp…
New Delhi, May 11 (IANS) India-Vietnam ties have been making steady progress beyond the headlines with the elevation of the Comprehensive Strategic Partnership. Not just defence, the two nations are interested in boosting trade and finance as was showcased during Vietnamese President To Lam’s recent State Visit to India in May, a report has stated. To Lam’s visit to New Delhi within the first month of being elected as Vietnam’s President demonstrates the strength of the partnership with India. T…
New Delhi, May 11 (IANS) Orchestration‑led business models hold relevance to $130–150 billion of the global specialty chemicals market and could expand to $200–250 billion by 2030 as formulations grow more complex and supply chains fragment, a report said on Monday. The report from consulting firm Redseer said India’s strength in process chemistry, formulation capabilities, and execution scale places it in a very strong position to participate in this shift.The global specialty chemicals…
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…
Washington, May 9 (IANS) The United States wants countries in South and Central Asia, including India, to have access to “world class technology” while avoiding dependence on adversarial nations, a senior State Department official said, underscoring Washington’s push to expand AI cooperation with New Delhi.Addressing the US-India AI and Emerging Technology Forum, Deputy Assistant Secretary of State Bethany Morrison said the focus is on ensuring technology access translates into tangible be…
New Delhi, May 6 (IANS) The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 will help preserve industrial continuity, jobs and strengthen liquidity access for businesses, particularly micro, small and medium enterprises (MSMEs), industry chambers said on Wednesday.Rajeev Juneja, President, PHDCCI, welcomed the scheme as a timely initiative to address pressures from the ongoing West Asia crisis.”ECLGS is designed to address temporary liquidity shortages faced by industries during periods of ec…
New Delhi, May 6 (IANS) Indian companies have lined up investments worth over $20.5 billion across sectors such as technology, manufacturing and pharmaceuticals in the United States, US Ambassador to India, Sergio Gor, said on Wednesday, describing the momentum as a direct outcome of President Donald Trump’s economic leadership.In a post on social media platform X, the envoy said that 12 Indian companies announced fresh investments worth $1.1 billion in a single day, adding to a growing pipeline…
Washington, May 6 (IANS) The United States trade deficit widened in March as imports outpaced exports, even as the American goods gap with India narrowed compared to the same period last year, according to official data.The US Census Bureau and the Bureau of Economic Analysis said the overall goods and services deficit rose to $60.3 billion in March, up $2.5 billion from a revised $57.8 billion in February.US exports in March stood at $320.9 billion, an increase of $6.2 billion from February, wh…
Washington, April 30 (IANS) The Trump Administration is seeking to overhaul its defence industrial base and reduce reliance on adversaries, as lawmakers reviewed a sweeping budget proposal aimed at boosting domestic manufacturing and supply chains. At a congressional hearing on Wednesday (local time), Defence Secretary Pete Hegseth said the $1.5 trillion budget would “supercharge” production capacity and restore the country’s ability to build weapons systems at scale.He said the plan inclu…