Suppliers have asked the government to amend laws to ensure companies are not taxed for owning machinery provided to their manufacturers.
News, Software
RAKBANK launches blockchain-enabled cross-border payments
Recognising the rising power of blockchain today, the bank has partnered with Ripple to enable “instant, frictionless, and secure money transfers."0 3624
Amazon to invest $13 billion in India
The company stated it has already digitised 12 million small businesses, enabled over $20 billion in cumulative ecommerce exports, supported 2.8 million jobs, and trained more than 10 million Indians on cloud skills since launching in the country.
Amazon achieves water-positive milestone in India
Amazon continues to expand its footprint in India, with plans to invest more than $35 billion in the country by 2030 to boost AI capabilities and digital transformations.
Meta collaborates on Indian AI data centre
The site will be powered by renewable energy and cooled with desalinated seawater.
South Korea and India agree to tech collaboration
Bilateral trade between the nations currently stands at $27 billion.
India looks to support massive AI chip venture
It has approved ten projects with total planned investment of around INR1.6 trillion, which includes two fabrication and eight packaging plants.
Are AI tokens the future?
India aims to help shape the next generation of communications to deliver societal benefits and ensure broad coverage so no-one is excluded from the digital economy.
Kyndryl unveils cyber defence hub in India
The centre offers advisory, design, implementation and managed services, backed by Kyndryl’s global network of security and network specialists.
OpenAI looks to scale up its operations in India
The move follows recent OpenAI partnerships with major Indian companies including JioHotstar, Pine Labs and PhonePe.
Anthropic AI launches its first office in India
The company also pointed to a continued push to improve models for widely spoken local languages, and deals with public sector organisations.