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Nadine, a social robot powered by Artificial Intelligence (AI) with human-like gestures and expressions, could have an important future role to play in tending to the sick and elderly, according to a professor who helped invent it. Nadia Magnenat Thalmann, a robot expert from the University of Geneva, who served as the model for Nadine's dark brown eyes and auburn hair, said Nadine and robots like it could prove more effective than human carers. «She (Nadine) has time 24 hours a day.

NEW DELHI : A meeting between Indian and French tax authorities on the sidelines of a recent G20 summit has set off alarm bells among foreign portfolio investors (FPIs) based in France, three people with direct knowledge of the matter said. The meeting, around potential tweaks to the double taxation avoidance agreement (DTAA) between India and France, has led to apprehension among foreign funds that India may soon renegotiate the treaty to eliminate the capital gains tax exemption. Currently, France and the Netherlands are the only major jurisdictions benefiting from a tax treaty with India that grants exemption from capital gains tax on share sales.

₹8-9 a litre in Q1. Moderation in both crude costs and softer product prices are likely to benefit OMCs’ marketing earnings in Q1, they said. The OMCs are being allowed to recover their losses on marketing during a high crude price environment.

The Reserve Bank of India (RBI) Thursday appointed P. Vasudevan as executive director.

New Delhi: The Department of Administrative Reforms and Public Grievances (DARPG), Ministry of Personnel, Public Grievances and Pensions, and the Public Service Division, of the Republic of Singapore signed a protocol document on Thursday, extending for five years the current memorandum of understanding (MoU) on cooperation in the field of personnel management and public administration till 2028. The MoU was signed by V Srinivas, secretary on behalf of DARPG, and Simon Wong, high commissioner of Singapore to India.

Reserve Bank of India (RBI) on Thursday said it has appointed P Vasudevan as Executive Director (ED) and he will look after three departments, including that of currency management. The appointment is with effect from July 3, RBI said in a statement.

Zero-knowledge proofs (ZK-proofs) are a key technology explored by many in the crypto industry. A zero-knowledge protocol is a cryptographic method that allows one party to prove to another party that something is true without revealing any information. 

The firm behind USDC stablecoin, Circle, is looking to launch a stablecoin in Japan under new regulations that came into effect last month. 

Go Airlines, giving a ray of hope to the Wadia-owned carrier which has admitted itself in India’s bankruptcy court. The airline, branded Go First, stopped flying and appealed for insolvency proceedings in the National Company Law Tribunal (NCLT) on May 2 due to cash problems and after it had to ground more than half of its 54 planes because of supply issues from the American engine maker.

The Tata Group is currently evaluating an offer to repurchase a stake in its entertainment content distribution platform from Temasek Holdings Pte. This move comes as the Indian conglomerate contemplates delaying the initial public offering (IPO) of Tata Play Ltd, according to the sources.  They said the Tata Group is also considering whether to delay the Tata Play listing seeing the market conditions.

Singapore-based blockchain start-up Web3Go has raised $4 million in a seed round led by Binance Labs, the venture capital and incubator arm of crypto exchange giant Binance.

Tata Group is considering an offer to buy back a stake in its entertainment content distribution platform from Temasek Holdings Pte as the Indian conglomerate weighs postponing Tata Play Ltd.’s initial public offering, according to people with knowledge of the matter. Tata Group is contemplating whether to delay the planned Tata Play listing because of market conditions, the people said. Instead, Tata Group has started discussions with Temasek around a deal that would give the Singaporean state investor an opportunity for a long-awaited exit from its investment in the platform, formerly known as Tata Sky, the people said.

Investing.com — Most Asian stocks fell on Thursday, tracking a decline in U.S. markets as the minutes of the Federal Reserve’s June meeting presented a hawkish outlook, while weak economic signals and fears of a Sino-U.S. trade war also weighed.

By Rae Wee

Deendayal Port in Gujarat all set to develop hydrogen hubs. The shipping ministry has asked these two ports to also buy hydrogen powered ‘green tug’ boats, used for ushering large ships into berths, said officials aware of the development. The Cochin Shipyard is in advanced stages of developing green tugs that run on hydrogen, they said. “Under the green tug transition programme, the Jawaharlal Nehru Port, Paradip Port, VOC Port and the Deendayal Port will be buying two green tugs each. In addition, hydrogen hubs will be set up at VOC and Deendayal ports to catalyse the transition towards green fuel,” a senior official aware of the development told ET. In addition, the Centre is aiming to have two Indian ships that are powered by green hydrogen or its derivative fuels by 2027. This will be followed by the addition of at least two ships powered by green fuels every year, said officials. These plans are in line with India’s goals to decarbonise its ports under the Harit Sagar Green Port Guidelines 2023.

₹4,900 in July from ₹7,200-plus in the previous month, down by around 50%. Likewise, spot fares for Mumbai-Goa dipped to around ₹1,500 from over ₹3,200, declining 112%. For Mumbai-Lucknow, last-minute fares have contracted to almost ₹5,000 from ₹9,000 earlier, while Delhi-Kolkata shrunk to around ₹5,200 as compared to over ₹8200 in June.

₹400 crore had been booked or pre-booked by retail passengers. But they could not take Go First flights as operations have been suspended at the moment." The Delhi Bench of the National Company Law Tribunal (NCLT), which is hearing the airline’s insolvency petition, has taken note of the passenger compensation issues as well. “It has come to our notice that a large number of passengers are sending email requests/phone calls for refund of booked/cancelled tickets in the case relating to Go Air," the tribunal said on Monday, advising passengers to contact Shailendra Ajmera, the company’s resolution professional, to submit their claims.

coronavirus pandemic in 2020, the report stated. Among the developing countries in Asia, incoming FDI was highly concentrated in a few countries, namely, China (and Hong Kong), Singapore, India, and United Arab Emirates (UAE), which together accounted for about 80% of inflows into the region.

₹48,895 crore, down from ₹69,945 crore registered in the previous fiscal. FDI from the US stood at ₹48,666 crore, down from ₹78,527 crore in FY22. FDI from the Netherlands declined to ₹ 19,855 crore from ₹34,442 croreand inflows from Caymen Islands declined to ₹6,069 crore from ₹28,383 crore.

NEW DELHI : Exports by Indian sellers to Amazon marketplaces the world over are on track to surpass $8 billion in 2023, said a top executive at the company. The business update comes over a year after the global e-commerce marketplace had doubled targets to achieve $20 billion in cumulative e-commerce exports from India by 2025. The update is part of Amazon Global Selling, the retailer’s e-commerce exports program, that has grown to more than 1.25 lakh Indian exporters since its launch in 2015.

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