Nvidia ties up with Tatas, Reliance for AI tech infrastructure

Nvidia has partnered with Reliance Industries and Tata Group to establish AI infrastructure in India. The partnership with Reliance aims to provide AI services to its 450 million customers, including real-time translations. Meanwhile, Tata Group's infrastructure will support AI companies in India and train its 600,000 IT professionals in AI.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6ZNCS3q

India, US agree to resolve last outstanding WTO dispute

The US and India have resolved their last outstanding dispute at the World Trade Organization (WTO) regarding poultry. India has agreed to reduce tariffs on various US products including frozen turkey, frozen duck, and fresh and processed blueberries and cranberries. This agreement aims to expand economic opportunities for US agricultural producers in the Indian market.

from Economy-News-Economic Times https://ift.tt/qRnigWk
via

Millers seek raw sugar imports to make up for likely cane shortage

There are concerns about production of sugarcane in Maharashtra and Karnataka, which is likely to affect availability of sugar for consumption and for ethanol production for blending with petrol in these states, it said. India had last imported raw sugar in 2017, after which the country has been an exporter. In 2021-22, India was the second largest exporter of raw sugar in the world.

from Economy-News-Economic Times https://ift.tt/Gob32zU
via

IMF-FSB paper calls for crypto regulation, not ban

The prescriptions for regulating cryptos could serve as global baseline minimum standards for countries that wish to adopt them. “A comprehensive policy and regulatory response for crypto-assets is necessary to address the risks of crypto-assets to macroeconomic and financial stability," the paper said.

from Economy-News-Economic Times https://ift.tt/PRuCLvA
via

Retail CBDC transactions to rise exponentially: RBI Deputy Governor

RBI deputy governor T Rabi Sankar said on Thursday that the number of retail CBDC transactions would rise exponentially in coming months as interoperability with UPI QR codes would kick in.

from Economy-News-Economic Times https://ift.tt/5vXRZ46
via

Need robust management of risk: RBI Deputy Governor M Rajeshwar Rao

Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao said that permitting a diverse set of participants in the market may help make it more vibrant and efficient. But it is in the market's collective interest to know the risk, assess it adequately, and acquire the capabilities to manage it.

from Economy-News-Economic Times https://ift.tt/CzPRS6X
via

Govt begins monetisation of enemy properties, lists 31 assets for sale

The Indian government has initiated the process of monetizing "enemy properties" by identifying the first batch of 31 such properties in Uttar Pradesh. Enemy properties are those left behind by individuals who took citizenship of Pakistan and China after leaving India. The properties, valued below ₹1 crore each, have been recommended for sale by the Enemy Property Disposal Committee.

from Economy-News-Economic Times https://ift.tt/sAbJjzW
via

India, EU ask WTO dispute settlement body not to adopt ruling on ICT import duties till December 18

The WTO's dispute settlement body (DSB) will meet on September 19 in which it would consider adopting a draft decision shared by India and the European Union (EU). "We consider that the draft DSB decision, if adopted, would facilitate the resolution of the dispute," according to a communication of the World Trade Organisation (WTO).

from Economy-News-Economic Times https://ift.tt/A9hujXY
via

Govt okays ₹3,760 crore support for battery storage projects

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XQadyxY