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India, Germany likely to sign deal on artificial intelligence

GERMANY and India are likely to sign agreements including a partnership on the use of artificial intelligence in farming during a three-day visit to New Delhi by Chancellor Angela Merkel that begins on Thursday (31), the German ambassador said.

Merkel will be accompanied by several cabinet colleagues and a business delegation, ambassador Walter J Lindner told reporters.


Merkel and Indian prime minister Narendra Modi are expected to discuss trade, investment, regional security, and climate change.

Both countries could sign agreements in areas such as artificial intelligence and green urban mobility, Lindner said.

"This time, the focus will be on economic and trade relations, innovation and digitalisation, and climate protection and sustainable development," Merkel said in a message ahead of the visit released by the Indian embassy in Berlin.

Bilateral trade between the two countries rose to $24.06 billion in the 2018-19 fiscal year ending in March from $22bn the previous year, while German companies have invested nearly $12bn in India since 2000.

Germany is India's largest trading partner in Europe and more than 1,700 German companies are operating in India.

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Nykaa beauty demand

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  • Quarterly profit surged to 344.4 m rupees from 100.4 m rupees year-on-year.
  • Revenue grew 25 per cent to 23.56 bn rupees on premium brand partnerships.
  • Company expands internationally with Kay Beauty launching in UK stores.
Indian beauty retailer Nykaa has posted a more than three-fold increase in quarterly profit, driven by steady demand for makeup and skincare products and strategic partnerships with global brands.

FSN E-Commerce Ventures, which operates the Nykaa platform, reported a profit of 344.4 million rupees (£3.9 m) for the quarter ended 30 September, up from 100.4 m rupees a year earlier.

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