Nvidia Proposes Joint Chip Development with India to Harness Semiconductor Talent
輝達提議與印度共同開發晶片，善用半導體人才
Nvidia’s CEO, Jensen Huang, has proposed a collaboration with India to co-develop a semiconductor chip, leveraging the country’s robust design talent. The idea emerged during a meeting between Prime Minister Narendra Modi and Huang in the U.S. earlier this year. Huang, currently in India for the Nvidia AI summit, has also discussed the potential of creating an India-specific chip. According to Union Minister Ashwini Vaishnaw, discussions are in the early stages, with key details on costs, benefits, and applications still under consideration. The chip could support critical national projects, such as the Indian Railways’ Kavach security system, among other AI mission applications.
Officials noted that only India and Germany have the semiconductor infrastructure required to collaborate with Nvidia on such an ambitious project. To expedite the initiative, Nvidia may partner with chip designers like Arm or AMD for the core components, while India’s Centre for Development of Advanced Computing (C-DAC) or a private chip design firm could contribute to the upper layers. This development comes as Nvidia’s market capitalization reaches $3.39 trillion, making it the world’s second-most valuable company after Apple.
小編點評：輝達CEO黃仁勳提議與印度合作共同開發半導體晶片，利用該國強大的設計人才。該印度專屬晶片的提案是在黃仁勳與莫迪總理會面期間提出的，該晶片可能支持如印度鐵路的Kavach安全系統和AI應用等國家重要計畫。儘管討論仍處於初期階段，輝達可能會與Arm或AMD等晶片設計公司合作，而印度的高等計算中心（C-DAC）或民間公司則可參與該計畫發展。
Groww Pays $160 Million Tax for Domicile Shift to India; Reports Increased Losses
Groww支付1.6億美元稅款以遷回印度；報告顯示虧損增加
Bengaluru-based stock broking platform Groww has paid Rs 1,340 crore ($160 million) in taxes as it relocated its parent entity from the United States to India in May 2024. This significant tax expense contributed to a net loss of Rs 805 crore for the fiscal year ending March 31, 2024, even as operational profits rose to Rs 535 crore, up from Rs 458 crore in FY23. The move follows a trend set by companies like PhonePe, which shifted from Singapore to India in 2022, incurring a billion-dollar tax payment in the process.
Unlike PhonePe, which utilized a share swap deal to transition between its Indian and Singapore units, Groww merged its US parent company with its Indian entity, leading to the tax payout. Supported by Peak XV Partners, Groww was last valued at $3 billion in 2021 and has not undertaken a significant institutional equity round since then. The company’s shift underscores an emerging trend of Indian fintech firms bringing their parent entities onshore, potentially indicating a strategic alignment with India’s growing regulatory and business landscape.
小編點評：位於班加羅爾的股票經紀平台Groww在2024年5月將其母公司從美國遷至印度，支付了1.6億美元稅款，導致該財年淨虧損達80.5億盧比。這一舉動與其他印度金融科技公司如PhonePe的趨勢一致，並反映了印度金融科技公司逐漸與當地監管和商業環境的戰略對接。
India’s Automobile Exports Surge 14% in April-September, Driven by Passenger Vehicles and Two-Wheelers
印度汽車出口在4月至9月期間激增14%，漲幅由客車和兩輪車帶動
Automobile exports from India grew by 14% year-on-year in the April-September period of the current fiscal, reaching 25,28,248 units, up from 22,11,457 units in the previous year, according to data from the Society of Indian Automobile Manufacturers (Siam). Key markets, particularly in Latin America and Africa, saw a rebound in demand after previously slowing down due to currency devaluation and import prioritization of essential goods. This recovery played a significant role in the rise of India’s vehicle exports, which had previously fallen by 5.5% in FY24 due to economic challenges in overseas markets.
In the April-September period, passenger vehicle exports increased by 12% to 3,76,679 units, with Maruti Suzuki leading the segment by exporting 1,47,063 units—a 12% growth. Two-wheeler exports also rose significantly by 16% to 19,59,145 units, driven by a 19% increase in scooter shipments and a 16% increase in motorcycle exports. However, three-wheeler exports saw a minor dip of 1% to 1,53,199 units, reflecting mixed trends across different vehicle categories in the first half of the fiscal year.
小編點評：印度汽車出口在4月至9月期間同比增長14%，達到252.8萬輛，主要受拉美和非洲市場需求反彈的驅動。客車出口增長12%，由馬魯蒂鈴木領跑；而兩輪車出口增長16%，受到摩托車和電動車銷量的推動。然而，三輪車出口則微跌1%，顯示出不同車型的出口趨勢各異。
China Protests New Taiwan Office in Mumbai, Urges India to Honor One-China Principle
中國抗議台灣在孟買新設辦事處，敦促印度遵守一中原則
China has lodged a diplomatic protest with India over the recent opening of the Taipei Economic and Cultural Centre (TECC) office in Mumbai, marking Taiwan’s third office in India after Delhi and Chennai. China’s Foreign Ministry spokesperson, Mao Ning, expressed firm opposition to any official interactions between Taiwan and countries that maintain diplomatic relations with China, asserting that Taiwan is an “inalienable part” of Chinese territory. Mao emphasized that China has made “solemn representations” to India regarding the establishment of the TECC office in Mumbai.
Reiterating the one-China principle as the political foundation of China-India relations, Mao called on India to uphold its commitment, avoid official interaction with Taiwan, and refrain from actions that could impact China-India ties. China urged India to handle Taiwan-related issues “prudently and properly” to maintain the stability of bilateral relations. The TECC Mumbai office opened on Wednesday, marking a notable expansion of Taiwan’s diplomatic presence in India.
小編點評：中國對台灣在孟買設立台北經濟文化辦事處提出外交抗議，敦促印度遵守一中原則並避免與台灣的官方互動。此抗議隨著台灣在印度的外交擴展而提出，中方呼籲印度謹慎處理台灣問題，以維持雙邊關係穩定。
Digital Payments Surge During Festive Season, Led by Credit Cards and Pay-Later Options
節慶期間數位支付激增，信用卡和延後付款選項主導市場
The festive season this year saw a marked increase in digital payments, particularly through credit-based options, as transaction volumes jumped by 35-50% compared to last year’s festive period, industry sources reported. Razorpay recorded a significant 106% rise in credit card transactions and a 60% increase in UPI transactions between October 3 and 12 compared to last year’s Navratri season. Amazon Pay also noted that 20% of purchases were made using EMI, with 80% of those being no-cost EMIs, where customers paid no additional charges on installment-based purchases for items like video games and electronics.
Increased adoption of credit cards emerged as a major trend, with Worldline India reporting a 53% rise in credit card transactions, particularly in lifestyle, fashion, and electronics sectors. Innoviti Technologies observed a notable 62% growth in credit card spending in the electronics category during Navratri week, reflecting an overall consumer shift toward credit-based digital payment methods. As of August, the central bank data showed that 105 million credit cards are currently issued in India, underscoring the growing popularity of credit-driven purchases during high-demand periods like the festive season.
小編點評：今年節慶期間數位支付顯著增長，特別是在信用卡交易方面，較去年同期成長了35-50%。Razorpay報告顯示，信用卡交易量增長106%，而Amazon Pay則指出有20%的購物選擇分期付款，其中80%為無利息分期。此趨勢反映了高需求期內消費者向信用支付模式的轉移。
MeitY Extends Deadline for Rs 10,000 Crore GPU Tender Amid Industry Concerns on Energy Efficiency
印度電子和通訊技術部延長1000億盧比GPU招標期限，業界對能源效率表示關切
The Ministry of Electronics and Information Technology (MeitY) has extended the deadline for submitting bids on its Rs 10,000 crore GPU tender to November 12. This extension, the second since the tender’s initial September 6 deadline, is aimed at supporting the setup of a public AI cloud infrastructure with at least 10,000 GPUs under the India AI Mission. Industry insiders say the tender’s stringent power usage effectiveness (PUE) requirement, set at below 1.35, poses significant technical and financial challenges due to India’s high ambient temperatures and the necessity for costly cooling technologies.
Sunil Gupta, CEO of Yotta Data Services—one of the bidders—highlighted that meeting the high-density needs of AI workloads will require substantial investment in data centres capable of handling higher power loads, while also adopting energy-efficient cooling technologies. Gupta noted that AI-focused data centres could push global energy consumption into the double-digit percentages if not carefully managed, though India’s total energy usage by data centres remains relatively low at 0.2%–0.3%. The government is currently reviewing these concerns, though no modifications to the tender’s clauses have yet been announced.
小編點評：印度電子和通訊技術部（MeitY）已將其1000億盧比GPU招標的提交期限延長至11月12日，該招標旨在建立至少1萬台GPU的公共AI雲基礎設施。業界對於招標的嚴格能效要求（低於1.35 PUE）表示關切，這可能在印度高溫環境下帶來技術和財務挑戰。政府正審查這些問題，但尚未對招標條款作出修改。