April 19, 2026
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Tag : India

Technology

India weighs $11 billion fund to boost chipmaking

omandailynews.com
NEW DELHI: India is preparing a new fund worth more than 1 trillion rupees, or about $11 billion, to support domestic semiconductor production, according to a report published Thursday. The report said the proposed funding would provide subsidies for chip design projects, manufacturing equipment and the development of a local semiconductor supply......
News

Pakistan clears Murid base building footprint in Feb 2026

omandailynews.com
ISLAMABAD: Pakistan has demolished a building inside Pakistan Air Force Base Murid that was heavily damaged during India’s May 2025 Operation Sindoor air strike, according to commercial satellite imagery dated Feb. 28, 2026. The latest image shows the structure completely removed, leaving exposed earth and scattered rubble across the former building footprint.......
News

India tops USGS list for thorium resources and fuel debate

omandailynews.com
NEW DELHI: India holds the world’s largest identified thorium resources, according to the latest U.S. Geological Survey compilation, a position that has long underpinned New Delhi’s interest in using the metal as part of its nuclear energy program. The USGS’s February 2026 thorium summary lists India with 850,000 tons of identified thorium......
Business

India forex reserves hit record $728.49bn on RBI data

omandailynews.com
MUMBAI: India’s foreign exchange reserves rose to a record $728.494 billion in the week ended Feb. 27, according to data released by the Reserve Bank of India on Friday. The stockpile increased $4.885 billion from $723.608 billion a week earlier, reversing the prior week’s decline. India’s forex reserves comprise foreign currency assets, gold,......
Business

India and Canada reset ties with trade and uranium deal

omandailynews.com
NEW DELHI: India and Canada issued a joint leaders’ statement on Monday after talks between Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney during Carney’s official visit to India from Feb. 27 to March 2. The statement said the two countries agreed to rebuild momentum across trade, energy, technology......
Business

India joins Pax Silica initiative, signs AI pact with US

omandailynews.com
NEW DELHI: India joined the Pax Silica initiative on Feb. 20 by signing the Pax Silica Declaration and a bilateral addendum titled the Joint Statement on the India-U.S. AI Opportunity Partnership at an event held on the margins of the AI Impact Summit. The documents were signed by S. Krishnan, secretary at......
Technology

UAE Crown Prince lands in New Delhi for India AI summit

omandailynews.com
NEW DELHI: Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, arrived in New Delhi on Wednesday on behalf of UAE President Sheikh Mohamed bin Zayed Al Nahyan to participate in the India AI Impact Summit 2026, which runs in the Indian capital through Feb. 20. He was......
Business

India approves $1.1B venture fund of funds for startups

omandailynews.com
NEW DELHI: India’s Union Cabinet has approved a new state-backed venture capital initiative, clearing the Startup India Fund of Funds 2.0 with a corpus of ₹10,000 crore (about $1.1 billion) to mobilize venture capital for the country’s startup ecosystem, the government said in a statement issued Feb. 14. The program, launched under......
Business

Modi unveils 2047 tax holiday to grow India data centres

omandailynews.com
MENA Newswire, NEW DELHI: India’s government has proposed a tax holiday through 2047 for foreign companies that provide cloud services to customers worldwide while running those workloads using data centre services based in India, a long-horizon incentive unveiled in the Union Budget 2026 to strengthen the country’s role in global digital infrastructure......