IBC Signs Nearly $1 Billion Deal To Build Battery Manufacturing Facility In India
"Indian manufacturers are looking for collaboration opportunities with international players to access the technology and finance at low cost," Vibhuti Garg, director, South Asia at IEEFA, said, adding that India can "set up the big capacities not only to meet their internal demand but also export to other countries and accelerate the roadmap to energy transition."
Washed Up Giant Object On Australian Beach 'Most Likely' Part Of Indian Rocket
India's space agency "might decide to send a team out to Australia to look at the location and look at the actual rocket itself ... or they may decide to actually leave it in Australia," Flinders University Associate Professor Alice Gorman said.
US Becomes India's Biggest Smartphone Export Destination, But Concerns Remain Despite Increased Shipments
India is emerging as an attractive destination for electronics manufacturing, with global tech giants considering the country for its portfolio of production bases.
Global Coal Demand Hits New Record As Asian Economies Offset Declines In US, Europe
Countries like India and China — the two largest consumers — saw coal demand grow by more than 5% in the first half of 2023.
Italy's Decision To Join China's Belt and Road Initiative Was 'Atrocious': Defense Minister
"The issue today is: how to walk back (from the BRI) without damaging relations [with Beijing]. Because it is true that China is a competitor, but it is also a partner," Italian Defense Minister Guido Crosetto said.
Why Is A Footprint In Latin America Important To India's Dream Of Becoming A Super Power?
Latin America received an uptick in attention in India when Foreign Minister S Jaishankar visited Guyana, Panama, Colombia and Dominican Republic earlier this year. This also marked a diplomatic shift because high-level visits from India to Latin America were rare.
Modi Makes Bold Re-election Pitch: India Will Become 3rd Largest Economy In His Third Term
Currently, the Indian economy sits in the fifth position in the world, behind the U.S., China, Japan and Germany.
India's Space Market Growing, Can Hit $40-$100 Billion By 2040: Report
"Unless the manpower in R&D sector is raised by at least 10 times, it cannot compete with China in the same sector. It has to raise by a factor of 40-50 to complete with USA. So that's a big vacuum,"
India Starts Rupee Trade With Bangladesh, After Similar Agreement With UAE
"Piloting rupee trade with India's most important partners in the immediate neighborhood, both economic and strategic, is of great significance to bring in predictability and assurances in long-term trade," Dr. Sabyasachi Saha, associate professor at the Research and Information System for Developing Countries, said.
Building With 4,700 Offices, 131 Elevators In India Surpasses Pentagon As World's Largest Office Building
"We decided to create something that is iconic, that borrows ... from its context and the community we are working (with)," Sonali Rastogi, co-founder of Morphogenesis, the Indian architecture firm that masterminded the building, said.
India's Startup World Worries Crisis At One-time Edutech Unicorn Byju's Will Impact Fund Flow
"The Byju's crisis does impact India's image as an investment destination so the Indian Government and StartUp ecosystem needs to take strong measures to make sure that it does not occur again, for this there need to be strong checks and balances at key institutional bodies like the MCA (RoC)," StartUp Consulting India founder Vivek Bhojwani told International Business Times.
Xiaomi Not Interested In Joint Venture In India, To 'Remain A 100% Subsidiary' Of Chinese Parent
"The company is not looking at the option of a joint venture in India even as some of its Chinese peers, such as those in the auto space like MG Motors and BYD, are eyeing the route to overcome the problems of getting more equity to support their venture," Muralikrishnan B, president of Xiaomi in India, said.
'Oppenheimer' Sex Scene Sparks Controversy In India As Right-Wing Groups Demand Its Removal
Uday Mahurkar, India's Information Commissioner, wrote a letter to the film director Christopher Nolan, branding the scene "a scathing attack on Hinduism."
US Imposes Visa Bans, Halts Aid After Cambodia's 'Neither Free Nor Fair' Election
"In response, the United States has taken steps to impose visa restrictions on individuals who undermined democracy and implemented a pause of certain foreign assistance programs," State Department spokesperson Matthew Miller said.
India, Japan Sign Deal That Aims To Bring 'Resilience' To Semiconductor Supply Chain
New Delhi has big ambitions in chip manufacturing and hopes to attract big players in the sector to set up shops in India to boost the country's own manufacturing capabilities, but the country's present share in the global semiconductor supply chain is negligible.
G20 Sherpas: The Tough Negotiators Who Help Their Leaders Walk Toward The Summit
"A sherpa, in a way guides or shepherds the process of planning, negotiation and implementation of the agenda for a particular member country," a T20 secretariat research coordinator for Think20 said. "Their work begins way ahead of the summit as they organize the agenda and look for political consensus at the highest levels."
India's Modi Breaks Silence On Ethnic Violence After Video Of Mob Parading Naked Women Surfaces
"The incident of Manipur which has come to the fore is shameful for any civilization. The country is shamed. I appeal to all chief ministers to strengthen laws to take stringent action against crime, especially against women," Indian Prime Minister Narendra Modi said.
India, Which Has An Ambitious Plan For Decarbonization, Approves 2 Coal Power Projects
These supercritical thermal power plants "can reduce waste heat by 25% and lower pollution and CO2 emissions by approximately the same percentage," said Manish Vaid, a junior fellow at Observer Research Foundation. "Nevertheless, these improvements fall short of meeting the ambitious climate targets set by the Paris Agreement."
UAE Signs $1.9 Billion Deal To Develop At Least 4 Mines In Eastern DR Congo
The agreement would "make it possible to set up more than four industrial mines which should connect the provinces of South Kivu and Maniema," Congolese President Felix Tshisekedi's office said.
Singapore Knocks Off Japan To Be World's Most Powerful Passport; US Falls Behind
"While its absolute score has in fact risen over the last decade, the U.S. has been steadily overtaken by rivals such as South Korea, Japan, and Singapore," said Greg Lindsay, leading global strategist and urban tech fellow at Cornell Tech's Jacobs Institute.
Passenger Assaults Senior Airline Official Who Was Moved From Business Class To Economy
The International Air Transport Association revealed that every 568 flights in 2022 had one incident involving an unruly passenger, marking an increase compared to the figures in 2021, which saw one such incident per 835 flights.
Tesla Supplier Panasonic Plans Battery Plant In India To Capitalize On Country's Booming Automobile Market
"This move could push Indian battery manufacturers to enhance productivity and improve quality to meet the global standards set by Panasonic. It will not only help the Indian battery market grow but also elevate India's presence in the global battery market," Neeraj Kumar Singal, Indian entrepreneur and the founder and CEO of Semco Group, told International Business Times.
India And UAE Agree To Trade In Local Currencies, Reducing Dependence On USD
"Implementing an INR-based international trade settlement mechanism can enhance India's trade with dollar-shortage countries, stabilize the INR against the USD and promote its acceptance as a regional/global currency," Kumar told IBT.
2 Dead, Child Wounded Amid Reports Of Explosions On Bridge Connecting Crimea To Russia's Mainland
"What information is available at the moment: a girl was injured. The hardest thing is that her parents died, dad and mum," said Vyacheslav Gladkov, governor of the western Russian region of Belgorod.
India's Chandrayaan-3 On The Way To The Moon Following Successful Liftoff
"After failure of Lander on Chandrayaan 2, ISRO has been working incessantly to rectify problems in lander" and the new lander has seen "many improvements," said Sandip K. Chakrabarti, one of India's most notable scientists in the field of astronomy and astrophysics.
Modi's Visit To France: New Delhi-French Ties Evolving As West Tries To Reduce Dependence On China
"With the rising strategic rivalry between the United States and China, India and France as middle powers in the international system are also trying to fill the strategic vacuum by engaging more with each other," said Shairee Malhotra, Associate Fellow at the Observer Research Foundation.
China To Put Astronauts On The Moon By 2030, New Plan Reveals
The twin-rocket plan includes sending a pair of launch vehicles — one with a moon surface lander and another carrying the astronauts — into lunar orbit, said Zhang Hailian, deputy chief engineer with the China Manned Space Agency (CMSA).
New Delhi Floods: Indian Capital Sees Water Shortage While Yamuna River Breaches Historic Levels
Three water treatment plants have been shut down due to flooding, thus hampering the supply of drinking water to parts, Delhi's Chief Minister Arvind Kejriwal said.
China Slams NATO For Accusing It Of Challenging Bloc's Security And International Order
China also opposed NATO's "eastward movement into the Asia-Pacific region" and warned that "any act that jeopardizes China's legitimate rights and interests will be met with a resolute response."
Tata Group May Be First Indian iPhone Maker; A Win For New Delhi's Manufacturing Ambitions
"India's manufacturing certainly needs to capture a much bigger share of its GDP if it has any hopes of toppling China in the long term and this is a welcome move in that direction. And Apple agrees!" Abhijeet Mukherjee, founder of Guiding Tech, told International Business Times.