A new Centre-backed fund is being budgeted to foster a self-sustaining drone ecosystem for development, manufacturing, and adoption of Unmanned Aircraft Systems (UAS), including civilian anti-UAS systems. The new scheme, also known as the New Drone Fund unofficially, would offer incentives to boost drone part localization to 30 per cent of total value, aiming to reduce […]
After a tumultuous 2024, the FMCG industry hopes to gallop ahead in 2025, riding on rising disposable incomes, urbanization, digital penetration, and shifting consumer preferences. Inflation primarily contributed to last year’s slowdown. Interestingly, a McKinsey report predicts that India is projected to have the third-largest number of high-income households globally by 2030, just behind China and the United States. […]
Over time, the US losing its manufacturing prowess is because other countries have upped their game and are offering cheaper solutions across the board. China’s AI company DeepSeek’s growing dominance at the cost of Nvidia, or BYD’s (Chinese EV car company) global clout over Tesla are a glaring example. President Trump’s re-election seems like the […]
Notwithstanding lower consumption trends, spending on gold jewellery jumped nine per cent to USD 144 billion in FY24. This meant that people were paying much more for the same piece of gold or for lower carat yellow metal. American investor and gold bull, Jim Rogers famously said that – “Unlike stocks, bonds, or real estate, […]
Can India position itself as the factory of the world ahead of China? Growth in manufacturing is both a necessity and an opportunity if India wants to reach the projected target of $20 trillion by 2047. Providing the impetus is the aerospace industry in India, which is witnessing a rapid transformation driven by increased demand […]
While India’s economic potential and its status as the fastest growing major global economy remain unchallenged, there is a worry over the pace of its growth after a 5.4 per cent GDP growth stunner in the July-September quarter. This was the slowest in the last seven quarters and much below the expectations. Following this, there […]
Artificial Intelligence (AI) is revolutionizing the global energy sector by enhancing efficiency, optimizing resource management, and driving sustainability. AI-powered analytics facilitate predictive maintenance, reduce downtime as well as operational costs for energy infrastructure. Furthermore, smart grids leverage AI balancing supply and demand while seamlessly integrating renewable energy sources. On the other hand, machine learning algorithms […]
The release of DeepSeek refuelled the conversation about an emerging ‘Cold War’ bringing to focus the global race for AI dominance. And the 2025 AI Action Summit in Paris did little to allay the fears associated with a technology that is fast reshaping our lives. The fault line was wide open as the world leaders […]
The Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) on the 7th of February cut its policy interest rate by a 25-basis point, marking the first reduction in nearly five years. The ground for this rate cut was laid in the Budget for 2025-26 which was presented on February 1. In the Budget, the […]
The World Bank and the International Monetary Fund (IMF) see India continue to be the fastest-growing major economy for the next few years despite a slowdown and global uncertainties. For 2025-26 and 2026-27, the World Bank has projected 6.7 per cent growth for the country while the IMF pegged it at a conservative 6.5 per […]