Author: Nupur Rohila

India’s Minister for Electronics and IT, Ashwini Vaishnaw, and Japan’s Minister of Economy, Trade, and Industry, Yasutoshi Nishimura, recently signed a memorandum of understanding aimed at enhancing the semiconductor industry. The agreement focuses on semiconductor design, manufacturing, equipment research, talent development, and ensuring resilience in the semiconductor supply chain. This move makes Japan the second Quad partner, after the United States, to collaborate with India in jointly developing the semiconductor ecosystem and safeguarding the global supply chain. The signing ceremony took place in the national capital, and both countries expressed their commitment to creating an “implementation organization” to facilitate government-to-government…

U.S. Treasury Secretary Janet Yellen has returned to India for the third time in nine months, following her visit to Beijing. Her purpose is to meet with finance ministers from the Group of 20 nations to address global economic challenges, particularly the increasing threat of debt defaults faced by low-income countries. Yellen aims to strengthen the relationship between the United States and India, while also addressing supply chain reliability and clean energy transition during her stop in Hanoi, Vietnam. During her time in India, Yellen intends to advocate for debt restructuring in developing nations facing economic distress, promote the modernization…

As cooperation in the defense sector between France and India continues to grow, India has announced plans to establish a technical office of the Defence Research and Development Organisation (DRDO) at its embassy in Paris. This development was mentioned in the joint statement issued by India and France. The statement highlighted that France holds significant importance as one of India’s key allies in building a self-reliant defense industry and technological foundation. It emphasized that both countries are committed to jointly developing and producing advanced defense technologies for the benefit of other nations as well. In pursuit of this goal, India…

India’s Chandrayaan-3 mission aims to become the fourth country to execute a controlled landing on the moon. The mission successfully launched from the Satish Dhawan Space Center in Andhra Pradesh, with a large crowd witnessing the historic event. Over a million people also tuned in on YouTube to watch the launch. The Indian Space Research Organization (ISRO) confirmed on Twitter that Chandrayaan-3 is in a “precise orbit” and has begun its journey to the moon, with the spacecraft’s health reported as normal. Indian Prime Minister Narendra Modi expressed his admiration for the scientists’ dedication and hailed Chandrayaan-3 as a new…

French President Emmanuel Macron Bestows the Grand Cross of the Legion of Honor on PM Narendra Modi French President Emmanuel Macron has awarded the Grand Cross of the Legion of Honor, the highest French distinction in military or civilian orders, to Prime Minister Narendra Modi. This honor makes PM Modi the first Indian Prime Minister to receive such recognition. The Legion of Honor, established by Napoleon Bonaparte, consists of different degrees, with the Grand Cross being the highest. The emblem features a five-armed Maltese asterisk on an oak and laurel wreath, and the ribbon is red. While the Legion of…

Prime Minister Narendra Modi is set to visit France at the invitation of President Emmanuel Macron. In the meantime, the Defence Acquisition Council (DAC) has given its approval for the procurement of 26 Rafale Marine aircraft from France, with the aim of enhancing the operational capabilities of the Indian Navy. The DAC, headed by Defence Minister Rajnath Singh, convened on July 13, 2023, and approved three proposals. According to a tweet from the Defence minister’s office, the DAC has granted Acceptance of Necessity (AoN) for the purchase of 26 Rafale Marine aircraft, along with associated ancillary equipment, weapons, simulators, spares,…

The recent surge in economic activity and consistent consumer demand led to an increase in sales of passenger vehicles, three-wheelers, and two-wheelers in the local market. According to the latest data published by the Society of Indian Automobile Manufacturers (SIAM), there were 327,487 units of passenger vehicles (PV) sold last month. This figure represents a 2% rise compared to the 320,985 units sold during the same period in the previous year. The sales of three-wheelers nearly doubled, reaching a total of 53,019 units in the month being analyzed. In the two-wheeler segment, motorcycle sales experienced a 7% growth, with a…

The appointment of Rishi Sunak as the first Hindu, Indian-origin Prime Minister of the United Kingdom has been a source of excitement and national pride for many Indians. However, critics of Indian democracy have rejected these celebrations, arguing that India does not allow its minorities to rise to top positions. Former Chief Minister of Jammu and Kashmir, Mehbooba Mufti, went so far as to claim that Indian laws are discriminatory and hinder the growth of minorities in positions of power. In a tweet, Mufti stated, “It’s a proud moment that the UK will have its first Indian-origin PM. While all…

Raja Rajamannar, the Chief Marketing Officer (CMO) at Mastercard, has been honored as one of Insider magazine’s top 25 innovative CMOs of 2023. These distinguished individuals are recognized for their ability to navigate the challenges of a volatile economy, explore generative AI, and drive the marketing field forward with new technologies. Expressing his appreciation, Rajamannar took to social media to thank Insider for including him on their prestigious list of innovative CMOs. He acknowledged the importance of embracing emerging technologies and understanding their integration within Mastercard’s business strategy. He emphasized the company’s commitment to leading with innovation, aiming to create…

According to a report by Invesco, India is now considered the most attractive emerging market for investment, surpassing China. The study gathered the opinions of 85 sovereign wealth funds and 57 central banks, collectively representing $21 trillion in assets. India is increasingly seen in a positive light due to its improved business and political stability, favorable demographics, regulatory initiatives, and a welcoming environment for sovereign investors. The report, titled ‘Invesco Global Sovereign Asset Management Study’, included input from 142 chief investment officers, heads of asset classes, and senior portfolio strategists from the aforementioned sovereign wealth funds and central banks. As…