According to an October 2021 report from the blockchain-based research firm Chainalysis, based in New York, India is among the top three markets in the Global Crypto Adoption Index. Additionally, investors in the country are also starting to mature despite lack of regulatory clarity. The firm said that the cryptocurrency...
India Helps Build Container Terminal in Sri Lanka
With the Indian Ocean becoming more integral to global trade, the governments of Japan, India, and Sri Lanka have agreed to jointly develop the Port of Colombo to increase the port's container volume and enhance marine transportation in and around South Asia. The three partners will begin work by March...
State Department Clears Foreign Military Sale for India
The U.S. State Department cleared the government of India to purchase two Large Aircraft Infrared Countermeasures Self-Protection Suites (SPS) for a pair of Boeing-made 777 aircraft. Estimated at $190 million, the systems will be used for aircraft that fly "heads of state". India is in the process of procuring two...
Levi's Consolidates S. Asia, N. Africa and Middle East Businesses
San Francisco-based denim corporation Levi's merged its South Asia market operations with those of the Middle East and North Africa citing common consumer preferences and synergies across these markets. These three geographies account for $200 million in wholesale revenue, and form the fastest growing business unit within Levi's globally. The...
Panasonic Announces its First India Innovation Center
Osaka, Japan-based Panasonic will jointly work with India's Tata Consultancy Services (TCS) at its Center of Excellence - a part of the India Innovation Center - that it set up at TCS's campus in Bangalore. Both companies will drive innovation and create new business opportunities in the Internet of Things...
World Bank Expects India's Growth at 7.2% in 2017
A World Bank report said that after a modest setback, India's economic growth is expected to pick up speed from 6.8% in 2016 to 7.2% by 2017. Further, growth is expected to gather momentum by 2019 when the Indian economy is expected to expand by 7.7%. The report also confirmed that...