Technology

Prime Minister Narendra Modi has highlighted the sweeping reforms to make Banking Sector more transparent and profitable.

Defence Research and Development Organisation (DRDO) has flight-tested Pinaka Missile System, an Artillery Missile System capable of striking into enemy territory up to a range of 75 kilometres with high precision.

The National Rail Transport Institute (NRTI) is to set up its first Centre of Excellence for Next Generation Transportation Systems for which it has signed a Memorandum of Understanding (MoU) with the University of Birmingham.

Defence Research & Development Organisation (DRDO), Indian Air Force (IAF) and BrahMos have jointly conducted two BrahMos supersonic cruise missiles tests on 17 Dec 2019, one each from land and air platforms.

Steel Minister Dharmendra Pradhan wants to make the steel sector more efficient and globally competitive and backed it with assurance that the Government will facilitate in the growth process.

India’s prepaid card market in value terms is expected to record a CAGR of 35.6%, increasing from US$38.7 billion in 2019 to reach US$130.7 billion by 2023, according to a ResearchAndMarkets report.

The Asian Development Bank (ADB) has signed a US$250 million loan for Energy Efficiency Services Limited (EESL) to expand energy efficiency investments in India that will benefit agricultural, residential and institutional consumers.

The government is in the process of adopting new and smart technologies which will help in making the 30-km per day road construction target more ambitious, said Gen (Retd) V K Singh, Minister of State for Road Transport & Highways.

As one of the leading importers of defense equipment and facing war threats from China and Pakistan on its borders, India’s defence expenditure is projected to increase to US$104 billion in 2024 from US$68.4 billion in 2020.

Tech Data has entered into an agreement to acquire the business of Bengalore-headquartered Inflow Technologies, a leading value-added distributor with expertise in areas like cybersecurity and networking.