nanika Editor - The Purbottar

20 Feb

Historic Milestone: India and U.S. Seal ‘Pax Silica’ Alliance to Secure Global AI Future

nanika EditorTechnology

In a move set to redefine the global technological landscape, India formally joined Pax Silica—the United States’ premier strategic initiative on Artificial Intelligence (AI) and supply chain security—on Friday. The signing of the "Pax Silica Declaration" took place on the sidelines of the Global AI Impact Summit 2026, signaling a powerful new economic security consensus between the world’s two largest democracies. Launched by the U.S. Department of State in late 2025, Pax Silica (meaning "Silicon Peace") is a strategic framework designed to build a secure, resilient, and innovation-driven supply chain. It focuses on the entire "silicon stack," ranging from critical…

Hyderabad Biryani Check Exposes ₹70,000 Crore Tax Evasion Racket Across India

nanika EditorIndia

A routine inspection of biryani restaurants in Hyderabad has led to the exposure of a massive ₹70,000 crore tax evasion scam spanning across India. What initially appeared to be a standard compliance check soon uncovered widespread manipulation of restaurant billing systems.Investigators found that over one lakh restaurants were using common billing software to record sales. However, many restaurant owners allegedly tampered with the system to underreport income and evade taxes. Officials analyzed nearly 60 terabytes of data from about 1.77 lakh restaurants using advanced digital tools and artificial intelligence.The probe revealed that after customers paid their bills, several transactions were…

Valeo to Invest $236.7 Million in India, Targets Threefold Sales Growth by 2028

nanika EditorBusiness

French automotive supplier Valeo has announced plans to invest over €200 million ($236.7 million) in India over the coming years, aiming to significantly expand its engineering and manufacturing footprint in the country. The announcement coincides with French President Emmanuel Macron’s visit to India, which is expected to strengthen business ties and unlock new commercial agreements.Valeo said the fresh investment is designed to triple its India sales to around €700 million by 2028, positioning the country as a key pillar in its global growth and innovation roadmap. The company plans to enhance its engineering centers and scale up industrial operations to…