129668267.jpg

Israel’s AI major in $11 million deal with Indian companies to make UAVs locally

NEW DELHI: An AI-powered robotics and software systems company, XTEND, which is headquartered in Israel with a major base and production facility in US’ Florida, on Tuesday announced that it has signed an $11 million manufacturing and distribution agreement with India-based defence technology company Rayonix Tech for unmanned aerial vehicles (UAVs) to expand its AI-enabled…

Read More
1768987280 ai generated image.jpg

‘Make in India’ boost: Customs duty on some electronics increased to 20%; govt aims to boost locally manufactured goods

The Centre on Wednesday revised customs duties on display-related products to support domestic electronics manufacturing and fix the existing duty structure. The Union finance ministry raised the Basic Customs Duty (BCD) on flat panel displays to 20%, while reducing the duty on open cells and key components to 5%. The changes are aimed towards strengthening…

Read More