Washington, June 30 (IANS) India is emerging as a key beneficiary of American companies’ efforts to reduce their dependence on China, with the shift gathering pace “in a very, very quiet manner”, US-India Strategic Partnership Forum (USISPF) President Mukesh Aghi said on Monday. “A classic example is Apple, which is now making most of the iPhone 17 and planning for the 18 in India,” Aghi said while opening the ninth USISPF Leadership Summit in Washington.Aghi said the broader India-US economic r…
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Mumbai, June 29 (IANS) India’s nuclear industry is transitioning from a state-led model to a more open, market-oriented ecosystem, driven by recent policy reform and rising demand for reliable, low-carbon power, according to a new report.A white paper, titled “Unlocking India’s Nuclear Sector: Commercial Opportunities Created by the SHANTI Act” released by consultancy firm YCP, points out that India has set a target of 100 GW of nuclear capacity by 2047, more than 10 times its current ba…
New Delhi, June 29 (IANS) India has regained the fifth position in the global equity market capitalisation (m-cap) rankings after market value crossed the $5 trillion mark, following corrections in Taiwan and South Korea, even as domestic equities continued to outperform several global peers this month.India’s total market capitalisation currently stands at over $5 trillion, ahead of Taiwan at $4.97 trillion and South Korea at $4.66 trillion, restoring India’s position as the world’s fifth-large…
Washington, June 28 (IANS) US Republican Senator Thom Tillis on Sunday voiced doubts that Iran would honour its ceasefire agreement with the US, saying he did not trust Tehran’s leadership as renewed military exchanges threatened to derail negotiations.Speaking on CNN’s State of the Union, Tillis said recent Iranian attacks had reinforced his long-held scepticism about Tehran’s willingness to abide by international commitments.”I just simply don’t trust the Iranian leadership, the mullahs, to li…
Washington June 28 (IANS) US President Donald Trump said on Saturday that the United States had launched fresh air strikes on Iranian military targets after accusing Tehran of again violating the ceasefire agreement by attacking a commercial oil tanker near the Strait of Hormuz, warning that the Islamic Republic “will no longer exist” if the attacks continue.The US Central Command (CENTCOM) said the strikes were carried out at the President’s direction after Iran allegedly launched a one-w…
United Nations, June 27 (IANS) UN Secretary-General Antonio Guterres hopes that the Strait of Hormuz could return to its status quo ante, said his spokesperson. Asked at a daily briefing on Friday (local time) where Guterres hopes that the Strait of Hormuz will return to how it was before the US-Israel conflict against Iran began, Stephane Dujarric, the spokesperson, said: “I think we have to remain determined.The Strait of Hormuz, prior to the opening of this conflict, actually worked, right? S…
Washington, June 26 (IANS) The US-led PaxSilica alliance has expanded to 24 member countries, with 35 nations endorsing a joint statement on artificial intelligence, as the Trump administration steps up efforts to build an international coalition around AI, advanced manufacturing and economic security. Under Secretary of State for Economic Affairs Jacob Helberg said the initiative would continue to grow while focusing on practical projects and cooperation among member countries.”Today, we’re at …
Washington, June 25, (IANS) India continues to be a major driver of global economic growth despite the economic impact of the Iran conflict and higher energy prices, the International Monetary Fund (IMF) said on Thursday, while cautioning that the country has not been immune to disruptions in global energy markets.Addressing a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, said India’s economy had remained resilient despite external headwinds, supporte…
Washington, June 25 (IANS) Several world leaders on Thursday expressed solidarity with the people of Venezuela and offered aid following the devastating earthquakes that have claimed the lives of 32 people and injured over 700 people. US President Donald Trump has expressed Washington’s support for Venezuela and said that he has directed US government agencies to get ready to move quickly.”The two major earthquakes that just hit the great people of Venezuela are both massive in scale and have le…
Washington, June 25 (IANS) US lawmakers examined whether Congress should create a dedicated federal payments charter for financial technology companies, with industry leaders arguing that the existing banking framework has failed to keep pace with innovation, while critics warned that easing access to the nation’s payment infrastructure could undermine financial stability and consumer protections. During a hearing of the House Financial Services Committee on Wednesday (local time), lawmakers exp…