GLOBAL REGULATORY NETWORK EU
Tata Communications to plug Rs 4,350 crore in AI super highway
Tata Communications aims to invest Rs 4,350 crore to create 10,000 km of AI-ready connectivity infrastructure across India. The investment will enhance the existing network and add significant capacity to data-centre connectivity. The three-phase project development will focus on key growth corridors including Mumbai, Pune, and Chennai. Tata Communications will also expand its networks to connect various emerging data-centre ecosystems.
India, Dutch port authorities weigh digital push to boost logistics: Piyush Goyal
Commerce and industry minister Piyush Goyal and Port of Rotterdam CEO Boudewijn Siemons held discussions on advancing port-led growth, logistics efficiency, supply chain connectivity and unlocking new opportunities for trade and investment.
‘Very high’ expectations from India-EU FTA, says Rotterdam port chief
Boudewijn Siemons, CEO of the Port of Rotterdam, expressed high expectations for the India-EU free trade agreement. He highlighted the importance of collaboration between ports and nations to facilitate global trade. Siemons conveyed his optimism about increased business opportunities between Europe and India. Negotiations for the free trade agreement have concluded, with hopes to sign it by year-end. The implementation of the agreement is anticipated for next year.
Telecom rules alone can't stop online scams, entire ecosystem must act: GSMA chief
GSMA emphasizes the need for unified regulations to effectively combat online scams and maintain public trust. Vivek Badrinath highlights that current regulations remain complex and suggest further simplification for growth. He advocates for an outcome-focused approach to enable the monetization of 5G technology. Badrinath also discusses the importance of network slicing and quality of service in enhancing business applications.
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FICCI seeks Dutch investment in mfg, tech; calls for project-level follow-up
FICCI has called for enhanced Dutch investments in India’s manufacturing and technology sectors during Piyush Goyal's visit. The discussions may lead to manufacturing partnerships and technology collaborations which would strengthen bilateral trade. Greater emphasis is placed on supply chain integration to meet Dutch quality and sustainability standards. The upcoming India-EU free trade agreement is expected to facilitate deeper commercial ties.
German businesses now see India as manufacturing, R&D and innovation hub: Piyush Goyal
German companies are increasingly viewing India as a strategic manufacturing and innovation hub for the future. During a recent visit, Commerce and Industry Minister Piyush Goyal engaged with major firms about expanding cooperation. The India-EU free trade agreement is set to strengthen trade ties significantly later this year. Indian capabilities in research and development are attracting substantial German investment and workforce expansion.
Global cyber alert rings as two critical PHP flaws leave millions of web services exposed to remote takeover
Two significant vulnerabilities in the PHP programming language could allow hackers to execute code remotely. PHP has released updates to address these flaws, which affect millions of internet-facing services. Many installations remain unpatched, including those running outdated versions. Security experts warn that nearly all PHP installations face security risks from these vulnerabilities. Organizations are urged to implement immediate patches and isolate affected systems from public networks.
India is not living in isolation, says Piyush Goyal, as India-EU FTA and several trade pacts pave the way for German R&D
Piyush Goyal emphasized the importance of collaboration between Indian and German research institutes during his visit. He highlighted the potential for co-development and co-innovation under the India-EU free trade agreement. Goyal encouraged the institutes to connect research with industry in order to support manufacturing in India. The minister also mentioned India's extensive trade agreements that will boost global market access.
India to remain strict on quality: Industry minister Piyush Goyal
India's Commerce Minister Piyush Goyal emphasised a strict stance on quality and environmental regulations. He noted that many companies are eager to invest in India across various sectors. Goyal mentioned India's advantages in decarbonisation amidst competition from Europe’s carbon border adjustment mechanism. Discussions on free trade agreements indicate significant potential for job creation in India.
India-Germany trade can surge 10-fold, says Piyush Goyal
India-Germany bilateral trade is expected to increase significantly, with aims of reaching 310 billion from 31 billion. Both countries are focused on co-creating and leveraging their complementary strengths for economic growth. The India-EU free trade agreement is anticipated to be signed soon and will facilitate mutual benefits. Minister Piyush Goyal emphasized the importance of trust and cooperation between the nations.
Berlin Global Dialogue: EU inviting disaster through carbon tax, says Piyush Goyal
Piyush Goyal expressed concerns over the EU's carbon tax and numerous regulations impacting their steel industry. He warned that these measures could lead to increased costs and decreased competitiveness for EU businesses. Goyal highlighted that the high import duties and standards could harm the economy and raise the cost of living. He mentioned the reciprocal nature of trade regulations in response to the EU's actions.
EU carbon tax: Piyush Goyal asks Europe not to 'invite disaster' or 'shoot themselves in the foot'
Goyal said the EU had accumulated around 75-77 regulations, arguing that repeated additions were increasing the compliance burden on businesses and making them less competitive in global markets.
India-EU trade deal could become operational in early-2027, Piyush Goyal says
India's trade minister Piyush Goyal announced that the EU FTA is expected to be signed soon. After signing, the FTA could be operational within four to five months. The deal aims to boost market access and bilateral trade between India and the EU significantly. Goyal emphasized the importance of collaboration in various sectors to maximize mutual benefits.
Domestic cos need strategic approach to tap India-Europe FTA gains: FICCI
Indian companies must adopt a strategic approach to fully leverage the European free trade agreement benefits, as tariff concessions alone may not suffice. The focus should be on product quality, market penetration, and building significant relationships with European buyers. Compliance with European standards will be crucial for export success, particularly for small enterprises.
Poland to become second EU member of global healthcare AI network
Poland has announced its intent to join the HealthAI-led Global Regulatory Network, becoming just the second EU nation to do so after Portugal. This network includes numerous countries like Britain, India, and Brazil, which work together to ensure safe AI applications in healthcare. Members gain access to AI healthcare tools that have undergone regulatory review and benefit from a real-time system for reporting harmful incidents.
Piyush Goyal to explore trade, investment avenues in Germany & Netherlands
Commerce and industry minister Piyush Goyal is set to visit Germany and the Netherlands for trade engagements. He will participate in the Berlin Global Dialogue and meet various government officials in Germany. The focus will be on technological cooperation, clean technology, and the India-EU FTA negotiations. In the Netherlands, Goyal will hold ministerial meetings to explore expanded trade channels and green transition initiatives.
Europe's financial regulators query Google over cloud outage that hit banks
The European Banking Authority said that it has been in contact with Google Cloud to obtain further information on the incident, understand its implications and assess its potential impact on financial entities in the EU, a spokesperson for the watchdog told Reuters.
Booking.com targeted in EU investigation into phishing scams, fraudulent listings
The Commission, which is the EU tech and competition enforcer, said it opened an investigation following a preliminary probe and after analysing risk assessment reports submitted by Booking.com this year and the previous three years.
Europe’s last penicillin plant faces a bitter fight against China’s cheaper drugs
The Sandoz penicillin plant in Kundl, Austria, is under threat from cheaper Chinese antibiotic production. European healthcare programs benefit from the lower prices, which could jeopardize self-sufficiency. China's share of the EU penicillins market has rapidly increased in recent years. European policymakers are becoming increasingly concerned about reliance on China for essential medicines. The current dynamics highlight the significant trade challenges facing European pharmaceutical manufacturers.
India presents a compelling investment proposition for German firms, FICCI says
Indian industry is poised for growth as German companies are encouraged to invest in manufacturing capacities. The upcoming India-European Union free trade agreement aims to strengthen trade ties and foster economic partnerships. Opportunities exist in sectors such as automotive technologies and renewable energy as urbanisation and incomes rise. The bilateral trade has seen an increase, highlighting the growing economic relationship.
India’s $100 billion European Free Trade Association cheque is slow to clear as Vietnam joins the club
Vietnam recently signed a free trade agreement with the European Free Trade Association, expanding its trade network. This agreement comes as India's interaction with EFTA continues to evolve, with potential impacts on competition. Both countries aim to enhance exports to these markets despite different timelines of agreement enactment.
With France embroiled in protest, a look at the nation's economic standing by the numbers
France is grappling with significant economic challenges as public debt continues to rise, exceeding 119% of GDP. Government spending represents a substantial portion of the economy, reaching 57.2%, which constrains fiscal options. The country has recently reported low growth predictions, with only 0.4% expected for the upcoming period. Comparatively, borrowing costs for France are higher than those for Germany, impacting public service funding.
Akash Ambani charts Jio’s next phase of growth with satellites, 6G and AI
Akash Ambani outlined Jio Platforms' future focus on satellite communications, pre-6G patents, and AI integration. The company is developing an indigenous satellite communications stack aimed at expanding home broadband services. Ambani revealed Jio's patent strategy aligns with India's goal of 10% global 6G patents originating domestically. Jio's AI initiatives seek to innovate and improve traditional voice and data services for Indian consumers.
EU is making its own satellite system like Elon Musk's Starlink. Its first satellites are expected to launch in 2029
Since Russia's invasion, Ukraine has heavily depended on Elon Musk's Starlink for its military communication needs. However, recent limitations on military connectivity have sparked worries regarding this reliance on private corporations. The EU meanwhile is creating IRIS, a satellite network aimed at ensuring secure communications for governmental and military use by 2029, lessening dependence on providers like Starlink.
What new US crypto oversight rules mean for the market
Proposed US CFTC regulations could establish a global template for digital asset oversight. Bitget CEO Gracy Chen explains how clear federal rules can drive institutional adoption, protect investors, and spur innovation across stablecoins, tokenised real-world assets, and international markets including India.
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