OpenAI CEO Sam Altman announced that India is now the company's second-largest market, with the user base tripling over the past year. Altman recently met with India's IT Minister Ashwini Vaishnaw to discuss a low-cost AI ecosystem and India's plans for an AI stack, including GPUs, models, and applications, with...
World Bank: at $125 Billion, India Tops Global Remittance Flows
According to the World Bank's latest Migration and Development Brief, India saw the highest amount of remittance inflows in the world in 2023 at $125 billion. This was driven by several factors: Firstly, declining inflation and strong labor markets in high-income source countries such as the U.S., UK and Singapore...
Trade Corridor to link Europe, Middle East, and India
On the sidelines of the G20 summit in New Delhi, a new India-Middle East-Europe Economic Corridor -- which many see as an alternative to China's nation-spanning infrastructure program, the Belt and Road Initiative -- was jointly announced on Saturday, September 9, by the leaders of the U.S., India, Saudi Arabia,...
India’s Mylab Partners UAE’s AstraGene LLC
Pune, Maharashtra-based biotech firm Mylab Solutions announced an exclusive strategic partnership with AstraGene LLC, UAE’s first Molecular Diagnostics Manufacturing company, for developing automated molecular diagnostics for the UAE and Kuwait markets. Under the agreement, Mylab and AstraGene will co-develop molecular diagnostic solutions, including reagents, kits and fully-automated devices. This partnership...
U.S. Among Top Destination for India’s Petroleum Products in November ‘22
In November 2022, The U.S. sourced refined petroleum products worth $588 million from India. Analysts said that the imports increased amid the high demand for crude ahead of the U.S. holiday season. Europe’s November imports of petroleum products from India also showed significant changes: Portugal, Belgium, and Italy increased imports...
India Is Part of a New ‘Quartet’ Formed in West Asia
On October 20, foreign ministers from India, Israel, the United Arab Emirates, and the United States came together to form what they called an "international forum for economic cooperation." India's External Affairs Minister Dr. S Jaishankar, and Israeli Foreign Minister Yair Lapid joined the U.S. Secretary of State, Antony Blinken,...