India and New Zealand have resumed free trade negotiations after a ten-year pause, marking a significant diplomatic development during New Zealand Prime Minister Christopher Luxon's five-day visit to Delhi. After bilateral discussions with Indian Prime Minister Narendra Modi, the two nations announced that formal negotiations will begin next month. Prime...
U.S., India, 16 Allies Strengthen Supply Chains
U.S. Secretary of State Antony Blinken and Commerce Secretary Gina Raimondo co-hosted the Supply Chain Ministerial Forum virtually on July 19-20. A partnership was formed of 18 economies: the U.S. EU, Australia, Brazil, Canada, Congo, France, Germany, India, Indonesia, Italy, Japan, Mexico, Netherlands, South Korea, Singapore, Spain and the U.K....
India's Wipro Acquires Ohio's International TechneGroup Inc
Bangalore-based IT major Wipro Limited signed a definitive agreement for $45 million to acquire Milford, Ohio-based International TechneGroup Incorporated (ITI), that offers solutions for Model Based Enterprise, data interoperability and data migration. ITI has offices in the United Kingdom, Italy, Israel and Germany and directly provides software products and services to...
India Ranks in Top 10 Commonwealth Innovation Index
Commonwealth Secretary-General Patricia Scotland launched the Commonwealth Innovation Hub on April 16 the opening day of the 2018 Commonwealth Heads of Government Meeting in London. On the sidelines of the Meeting, a Commonwealth Innovation Index was launched where India was ranked at 10th position topped by the United Kingdom, Singapore,...
In 2016, India Held $118.2 Billion U.S. Government Securities
Data available with the U.S. Treasury Department showed that India was the 12th largest holder of U.S. government securities at the end of 2016, with exposure worth $118.2 billion in December. Among the BRIC countries, India stood at 3rd place after China and Brazil in terms of exposure. The Economic...
Boeing to Supply Harpoon Missiles to India
The U.S. State Department confirmed a $81 million contract to Boeing to provide all-weather, over-the-horizon, Harpoon anti-ship missiles to India for its Boeing P8I Poseidon maritime surveillance aircraft. These missiles can engage a wide variety of land-based targets, including coastal defense sites, surface-to-air missile sites, aircraft, port or industrial facilities,...