Author: Shradhanjali Mukherjee

In October, Indian engineering exports witnessed a significant uptick to 18 key markets, with positive growth recorded in countries such as the UK, the US, and the UAE, as per the Engineering Exports Promotion Council (EEPC) India. Notably, the US experienced a 2.2% increase in engineering exports, reaching $1391.5 million compared to $1361 million the previous year. Germany also displayed robust growth with a 20% surge, totaling $342.7 million in October. Conversely, countries like China, Italy, Singapore, and Indonesia reported a decline in engineering shipments. The engineering exports to the UAE saw a 2.9% annual rise, reaching $348.6 million. Overall,…

Prime Minister Narendra Modi responded to Indian American entrepreneur Balaji S Srinivasan’s post on X, acknowledging the optimism within the entrepreneurial community about India as an investment destination. Srinivasan, emphasizing India’s potential as a global investment hub, highlighted its emergence as an attractive start-up destination. Expressing appreciation for Srinivasan’s positive outlook, PM Modi welcomed global investment in India, emphasizing the innovative spirit of the Indian people. In response to Srinivasan’s investment, Modi affirmed, “India won’t disappoint.” Srinivasan, known for co-founding Counsyl, a genetic testing company, and holding roles as the former CTO of Coinbase and a former general partner at…

India is poised to grant initial approval for three major indigenous projects worth approximately Rs. 1.4 trillion (US$ 17 billion). These projects encompass the construction of an additional aircraft carrier, 97 Tejas fighters, and 156 Prachand light combat helicopters. Scheduled for November 30, 2023, the Defence Acquisitions Council, led by Defence Minister Rajnath Singh, is expected to initiate the “acceptance of necessity (AoN)” during a meeting. Following AoNs, the procurement process, including tender and commercial negotiations, will proceed. The final approval will be sought from the Cabinet Committee on Security. One project involves 97 Tejas Mark-1A fighters, costing around Rs.…

The Healthcare Technology Report recently unveiled its Top 25 Women Leaders in Biotechnology for 2023, featuring five Indian-Americans: Brinda Balakrishna, Rachna Khosla, Avni Santani, Sulagna Bhattacharya, and Shreya Jani. Recognized for their contributions to global health programs, they lead successful biotech companies. Brinda Balakrishna, BioMarin Pharmaceutical’s Chief Business Development Officer, has been pivotal in global biotech initiatives, leveraging experience from Vision Medicines. With backgrounds at McKinsey & Genzyme, she holds degrees from MIT and Harvard Medical School. Rachna Khosla, Amgen’s Senior VP of Business Development since September 2021, drives success through strategic partnerships. Her extensive experience includes roles at Lazard,…

S&P Global Ratings has revised its GDP growth projection for India in FY2024 to 6.4%, up from the previous estimate of 6%, citing the influence of robust domestic factors despite challenges. Conversely, the GDP growth forecast for FY2025 has been lowered to 6.4% from 6.9%, reflecting expectations of a slowdown in the latter half. S&P notes that India’s GDP has exceeded 2019 levels by 15.5%, with fixed investment exhibiting more significant recovery than private consumer spending. The agency anticipates a gradual reduction in India’s interest rates, foreseeing a decline of 100 basis points by March 2024, although this projection is…

In his recent YouTube video titled ‘World Cup 2023: A Reflection,’ R Ashwin extensively analyzed the strategic brilliance displayed by the captain who led the victorious 2023 ICC Men’s Cricket World Cup campaign. Ashwin specifically focused on dissecting the remarkable tactics employed by Pat Cummins, the captain, during the final match to effectively control the opposition’s batters. Cummins’ decision to send India in to bat after winning the toss proved to be pivotal in the outcome of the match. The Australian skipper, bowling his complete 10-over quota, conceded only 34 runs and secured crucial wickets, including those of Shreyas Iyer…

Quant Solar Technologies Private Limited, a clean technology startup incubated at IIT Guwahati, is at the forefront of advancing floating solar technologies in India. This innovation, emerging as a third pillar alongside rooftop and ground-mounted solar installations, involves placing solar panels on water bodies like dams and reservoirs. This approach not only taps into solar energy but also addresses environmental concerns by reducing water evaporation by up to 70%, contributing to national solar goals. Incubated at IIT Guwahati’s Technology Incubation Centre (IITG-TIC), Quant Solar has rapidly progressed in the clean tech revolution, playing a significant role in reshaping the renewable…

An 11-year-old of Indian origin, Ashleen Khela, has made history as Australia’s youngest female author with her debut book ’17 Stories.’ Despite financial support from her parents, Khela independently published the compilation of her works from 2022 and 2023. Over two years, she diligently collected and recycled items, such as plastic and glass bottles and soft drink cans, at recycling stations in NSW to fund her book. Additionally, she engaged in online sales and cultivated various plants in her backyard to raise the necessary funds. Expressing gratitude, Khela acknowledged her family, teachers, and school for unwavering support. She specifically thanked…

During a virtual G20 summit hosted by Indian PM Narendra Modi, Canadian Prime Minister Justin Trudeau raised concerns about upholding the “rule of law.” Although Trudeau’s office didn’t directly address the reported threat to the life of Gurpatwant Pannun, a US-Canadian dual citizen and the general counsel of Sikhs for Justice, it emphasized the importance of the rule of law. Trudeau, when questioned about the alleged threat, stated that Canada has been working closely with allies, including the US. The reported plot involved Indian agents and was either abandoned or foiled by the FBI. The US National Security Council raised…

During the G20 virtual summit, Prime Minister Narendra Modi expressed concerns about the negative use of AI, particularly highlighting the dangers posed by deepfakes. He called for global regulations on artificial intelligence, emphasizing the need to ensure that AI reaches people while being safe for society. PM Modi’s remarks underscored the growing worldwide apprehension regarding the adverse impact of AI and the importance of collaborative efforts to address these concerns. Under India’s presidency, the virtual G20 Summit was convened following the successful 18th G20 Leaders’ Summit in New Delhi. PM Modi proposed a virtual reconvening towards the end of India’s…