Asia leads as nanometer chips redefine semiconductor industry
TSMC, the world's largest semiconductor foundry, has unveiled advancements in 2nm technology and new additions to its 3nm family. Its 2nm technology is slated for production in 2025. "The nanometer chip revolution is here to rewrite the rules of technology. Unleashing a power surge in the AI realm, 5nm chips, for instance, are redefining speed and efficiency across industries," said Kiran Raj, Practice Head of Disruptive Tech at GlobalData.
India on its way to become world's third largest economy: Niti Aayog CEO
Prime Minister Narendra Modi, who chaired the meeting, also urged the all the stakeholders to grab the opportunities, adding that the aspiration of 'Viksit Bharat' is not the vision of an individual or a small group, but it is the vision of India that "we will have to conceive and fulfil".
Milk output projected to grow 6% annually, says Niti Aayog report
This is the observation of a research paper, which was recently brought out by government's think tank Niti Aayog. It further noted that with per capita milk intake already above the recommended dietary allowance (RDA) and population growth falling below 1 per cent, the domestic milk demand in future is likely to grow at a lower rate.
Public Cloud services market in Asia-Pacific to reach $154 bn in 2026
IDC expects the Asia/Pacific excluding Japan (APeJ) Public Cloud market will grow at a year-over-year (YoY) rate in 2022 at 25.9 per cent in comparison to 36.3 per cent in 2021, as cloud migration continues to accelerate. However, the YoY growth rates will slow down, beginning from 2023 with a YoY growth of 24.1 per cent, to 21.4 per cent in 2026.
Indian firms to generate 49% of revenue from digital infra by 2027: Report
India is leading the Asia-Pacific region, with 97 per cent of businesses using or planning to use edge computing in business operations, according to the 'CIO Technology Playbook 2023' by global technology company Lenovo and chip-maker AMD. "With the rise of digital capabilities, businesses are leaning towards data-driven innovation to drive effective business decisions
B.V.R. Subrahmanyam to be new NITI Aayog CEO, Parmeswaran Iyer moves to World Bank
Iyer has been appointed as Executive Director of World Bank at the institution's headquarters in Washington DC for a period of three years, from the date of assumption of charge of the post or until further orders, whichever is earlier. His World Bank appointment was cleared by the Appointments Committee of Cabinet according to an order issued on Monday.
Rural commerce tech platform VilCart raises $18 mn in funding winter
Nabventures Fund and Texterity Private Limited also participated in the round. "VilCart aims to bridge the gap between rural consumers and to the manufacturers/primary market by building a strong network. With the new investment, we aim to scale our operations to the entire South India," said Prasanna Kumar, Founder, VilCart.
Air India joins industry bodies FIA, AAPA
In the domestic arena, the flag carrier has rejoined the FIA which FIA works with regulatory authorities, government departments and other stakeholders to highlight key areas of concern, including safety, passenger amenities, ground services and aviation protocols, among others, with an overall objective of fostering safety & growth in the country's aviation sector.
Economic growth in India, China, Indonesia will be less affected: S&P Global Ratings
"We see a significant risk that the Russia-Ukraine military conflict drags on, exacerbating Europe's energy crisis, while at the same time interest rates in developed markets may have to rise even more sharply than in our base case to mitigate broadening inflation pressures," said Jose Perez Gorozpe, S&P Global Ratings Emerging Markets Head of Credit Research.