The number of unicorns (with the $1 billion valuation and above) in India has dropped to 85 from more than 100 just a couple of months ago, as most startups have shed a significant share of their valuations while investors stay back amid the prevailing global economic turmoil.
Even as Russia and Ukraine faced off in the UN Security Council accusing each other of not wanting to settle their conflict through negotiations, India has reminded them of its call for dialogue and diplomacy and offered to support such efforts.
Roma Agrawal, an Indian-origin structural engineer, who designed London’s tallest building – The Shard, has been awarded an honorary degree by Northumbria University in England.
The Indian economy is more resilient in comparison to other emerging market economies (EMEs), the World Bank said. India is less affected by growth slowdowns in the US, China and the euro area, according to a report from World Bank released on Tuesday.
As part of the continuing advancements in US-India relations, the seventh edition of Exercise Sangam, a joint Naval Special Forces exercise between Indian Navy MARCOs and US Navy SEALs commenced in Goa on December 1, India’s Ministry of Defense said on Tuesday.
The rupee has done relatively better in 2022 compared to other emerging markets, World Bank economist Dhruv Sharma said on Tuesday.
Dr. Rahul Gupta, Director of the White House Office of National Drug Control Policy met with Indian officials in New Delhi to coordinate attempts to reduce the flow of chemicals illegally sent to Mexico cartels for making meth and fentanyl. During his trip, Dr. Gupta also met with prevention and treatment providers working to address addiction.