At the 2nd International Conference on Green Hydrogen, Prime Minister Narendra Modi called upon the global scientific community to collaborate in shaping policies for the green hydrogen sector. He emphasised India’s pioneering role, noting that the country was the first among G-20 nations to fulfil its Paris Agreement commitments on green energy, achieving this milestone nine years ahead of the 2030 target. India’s installed non-fossil fuel capacity surged by 300% and solar energy capacity by over 3000% over the past decade. PM Modi highlighted the importance of green hydrogen in decarbonizing sectors that are challenging to electrify, including refineries, fertilisers,…
Author: Akancha Mishra
The US Department of State has teamed up with India’s Semiconductor Mission, part of the Ministry of Electronics and IT, to explore opportunities for expanding and diversifying the global semiconductor ecosystem. This partnership, supported by the CHIPS Act’s International Technology Security and Innovation (ITSI) Fund, aims to build a more secure and resilient semiconductor supply chain. Kurt Campbell, US Deputy Secretary of State, highlighted that the collaboration is a cornerstone of the US-India Critical and Emerging Technology (ICET) partnership. This initiative focuses on accelerating cooperation in cutting-edge technologies such as semiconductors, space, and artificial intelligence. Campbell emphasised the strategic importance…
India’s manufacturing sector, particularly in electronics, is gaining momentum, with mobile phone exports to the US soaring from $2.2 billion in FY22-23 to $5.7 billion in FY24. Apple has significantly contributed to this growth, assembling 14% of global iPhones in India during FY24, and has seen India improve its global electronics export ranking by four positions. In a notable development, the Made-in-India iPhone 16 series will be available globally within days of its launch. Apple plans to unveil the new iPhones on Monday, with sales set to begin within 10-12 days. Foxconn has already started production of the iPhone 16…
On Monday, India and the United Arab Emirates (UAE) signed four significant agreements, marking a substantial enhancement of their strategic partnership. Prime Minister Narendra Modi and Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan engaged in discussions to advance cooperation across various sectors, including energy, nuclear technology, and food security. Key Agreements Include: 1. Long-Term LNG Supply: The agreement between the Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation Ltd (IOCL) secures a long-term supply of one million metric tonnes of liquefied natural gas (LNG) per annum. This deal is the third such contract…
The Oscar-winning song Nacho Nacho from the RRR sensation has now been repurposed for a new cause – Kamala Harris’s presidential campaign. An Indian-American entrepreneur and Democratic fundraiser is leveraging this hit to create a music video designed to encourage South Asian voters to support Harris in key battleground states ahead of the fast-approaching U.S. election. Ajay Bhutoria, a prominent figure on Kamala Harris’s National Finance Committee, revamped the song alongside his creative team. The video, running just 1.5 minutes, opens with the catchy “Hamari Ye Kamala Harris” (Our Kamala Harris), a fusion of campaign messages and infectious tunes. Produced…
During his visit to Singapore on September 5, Prime Minister Narendra Modi engaged with leading business figures and extended a unique invitation to invest in his hometown, Varanasi. In a lighthearted yet strategic pitch, Modi playfully suggested to Singaporean CEOs, “If they want to savor Banarsi Paan, they need to invest in Kashi,” referring to Varanasi. This blend of humor and diplomacy has drawn attention for its inventive approach to attracting international investments to India. The comment, made during a media interaction following a roundtable with Singaporean business leaders, quickly went viral, highlighting Modi’s engaging style. His mention of the…
Amazon has revealed that its e-commerce export initiative, Amazon Global Selling, is on track to surpass $13 billion in cumulative exports from India by the end of 2024. The company has set an ambitious goal to reach $20 billion in exports by the close of 2025. Over the past year, the number of Indian sellers on the platform has surged by 20%, bringing the total to 150,000 exporters who have collectively sold more than 400 million Indian products worldwide. Mr. Bhupen Wakankar, Director of Global Trade at Amazon India, emphasized that substantial investments are being made in advanced tools and…
Indra Nooyi, former CEO of PepsiCo, will deliver the keynote address at ITServe Alliance’s Synergy 2024, scheduled for October 29-30 at Caesars Palace in Las Vegas. This annual conference, renowned for its pivotal business insights and networking opportunities within the IT services sector, will draw over 3,000 attendees this year. Themed “Join, Collaborate, Accelerate,” Synergy 2024 aims to foster strategic relationships and drive innovation in technology. Suresh Potluri, Director of Synergy 2024, emphasized the event’s importance in linking industry leaders and crafting solutions for IT sector challenges. Potluri highlighted that the conference will feature an esteemed lineup of keynote speakers…
External Affairs Minister S. Jaishankar addressed the Ambassadors Conference of the Austrian Foreign Ministry on Monday, joining the event virtually at the invitation of Austrian Foreign Minister Alexander Schallenberg. During the conference, Jaishankar provided insights from India’s perspective on the global situation, highlighting the prospects for both bilateral relations between India and Austria, as well as with the European Union. In a social media post, Jaishankar expressed his pleasure in addressing the conference, thanking Minister Schallenberg for the invitation. He emphasized the importance of discussing India’s views on global dynamics and the opportunities for strengthening ties with Austria and the…
Nikesh Arora and Yamini Rangan are leading the ranks as the top-earning Indian-origin tech CEOs in their respective fields. Recent data on CEO compensation highlights these two executives: Nikesh Arora of Palo Alto Networks and Yamini Rangan of HubSpot, both of whom have been recognized as among the highest-paid CEOs with Indian roots. Nikesh Arora, who is ranked 10th on the list of the highest-paid CEOs based on Compensation Actually Paid (CAP), had a reported total compensation exceeding $266.4 million in 2023. His impressive earnings reflect his significant role as the CEO of Palo Alto Networks, a prominent cybersecurity firm.…