India eyes tariff cut on $23 billion of U.S. imports, to shield $66 billion in exports, say sources

India eyes tariff cut on  billion of U.S. imports, to shield  billion in exports, say sources

A file image is used for representational purpose only. | Photo Credit: Reuters India is open to cutting tariffs on more than half of U.S. imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, two government sources with knowledge of the matter said, the biggest cut in … Read more

India singles out Volkswagen in $1.4 billion tax dispute, says Kia corrected course

India singles out Volkswagen in .4 billion tax dispute, says Kia corrected course

Representational image of a Volkswagen car | Photo Credit: Reuters Indian tax authorities have singled out Volkswagen as the only automaker to wrongly classify its car imports for 12 years to evade $1.4 billion in taxes, even as rival Kia changed its practice after being pulled up, court papers show. Volkswagen is a tiny player … Read more

Former BharatPe CPO Ankur Jain develops AI doctor to serve 8 billion people – ET HealthWorld

Former BharatPe CPO Ankur Jain develops AI doctor to serve 8 billion people – ET HealthWorld

New Delhi: Ankur Jain, the former Chief Product Officer of BharatPe, ventured into the fields of AI and healthcare after leaving the fintech giant last year. Together with G V Sanjay Reddy, Chairman of Reddy Ventures, Jain co-founded Jivi.ai, marking his second entrepreneurial venture. Jain’s background in AI and machine learning has fueled the creation … Read more

CRISPR-based innovations drove $21 billion in pharmaceutical licensing deals over five years: GlobalData – ET HealthWorld

CRISPR-based innovations drove  billion in pharmaceutical licensing deals over five years: GlobalData – ET HealthWorld

London: The pharmaceutical industry has experienced a notable uptick in licensing agreements for innovator drugs incorporating clustered regularly interspaced short palindromic repeats (CRISPR)-based technology over the past five years. These agreements, primarily concentrated in oncology, immunology, and central nervous system therapeutics, have collectively accumulated an impressive $21 billion in deal value. Furthermore, the period from … Read more

Medical devices cybersecurity market expected to reach $1.1 billion by 2027: GlobalData – ET HealthWorld

Medical devices cybersecurity market expected to reach .1 billion by 2027: GlobalData – ET HealthWorld

London: The rapid integration of new technology and digital health devices into healthcare systems has revolutionised patient care and diagnostic processes. However, the increased reliance on these devices has also exposed the healthcare industry to cybersecurity threats. According to the recent report, Cybersecurity in Medical Devices, the market for cybersecurity in medical devices is expected … Read more

India’s power consumption grows by over 16% to 151.66 billion units in August

India’s power consumption grows by over 16% to 151.66 billion units in August

File. | Photo Credit: B. Jothi Ramalingam The country’s power consumption grew by over 16% to 151.66 billion units in August this year compared to that of the same month last year mainly due to increase usage of cooling appliances during sultry weather. In the year-ago period, power consumption stood at 130.39 billion units (BU), … Read more

Elon Musk’s Neuralink valued at about $5 billion despite long road to market – ET HealthWorld

Elon Musk’s Neuralink valued at about  billion despite long road to market – ET HealthWorld

New Delhi: Elon Musk‘s brain implant startup Neuralink, which was valued at close to $2 billion in a private fundraising round two years ago, is now worth around $5 billion based on privately executed stock trades described to Reuters by five sources with knowledge of the matter. Some purchases by bullish investors boosted the valuation … Read more

Elon Musk’s Neuralink valued at about $5 billion despite long road to market – ET HealthWorld

Elon Musk’s Neuralink valued at about  billion despite long road to market – ET HealthWorld

New Delhi: Elon Musk‘s brain implant startup Neuralink, which was valued at close to $2 billion in a private fundraising round two years ago, is now worth around $5 billion based on privately executed stock trades described to Reuters by five sources with knowledge of the matter. Some purchases by bullish investors boosted the valuation … Read more