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February 17, 2025

One small step for AI, one giant leap likely for India's footwear market

Reebok co-founder in talks with factories in India to manufacture curated footwear

One small step for AI, one giant leap likely for India's footwear market

2 mins

US may ask for more access to agri products, ethanol

The United States (US) is likely to ask India for substantial market access in agriculture and dairy products, ethanol, and medical devices under the proposed bilateral trade agreement (BTA) that both countries have agreed to conclude in the next eight months.

2 mins

Rain not sole culprit: IIT panel's T1 verdict

A flawed design, inferior workmanship, inadequate maintenance, and major discrepancies between design and construction were possible key factors in the collapse of the canopy at Terminal 1 of the Delhi Airport on June 28 last year amid heavy rain, according to the report submitted by the expert committee appointed by the Directorate General of Civil Aviation (DGCA).

Rain not sole culprit: IIT panel's T1 verdict

5 mins

India Inc profits crawl as sales stay sluggish

But operating profit margin of 28.7% the best in 21 quarters

India Inc profits crawl as sales stay sluggish

3 mins

AI Triggering Shift in HR Depts of Firms

Artificial Intelligence (AI), while reshaping workplaces and redefining efficiency, is also changing the organisations' human resources departments. From recruitment to lead generation and real-time performance audits, companies are fast-tracking AI adoption to streamline core human resource functions.

1 min

Boeing's Opportunity in India Extends Beyond Selling Products

American aerospace giant Boeing has expanded its annual sourcing from India to $1.25 billion, a fivefold increase from $250 million a decade ago. While the India-US joint statement issued on Thursday said that both countries expect to complete the procurement of six additional Boeing P-8I aircraft for the Indian Navy this year, the company's focus during the Tuesday interview was on securing long-term logistics contracts in India. Against this backdrop, TORBJORN 'TURBO' SJOGREN, vice-president and general manager of government services at Boeing Global Services, discusses the planemaker's future and commitment to India with Bhaswar Kumar at Aero India 2025 in Bengaluru. Edited excerpts:

Boeing's Opportunity in India Extends Beyond Selling Products

2 mins

ePlane and ICATT sign $1bn deal for 788 air ambulances

The ePlane Company, a pioneer in compact flying electric taxis and urban air ambulance solutions, has announced a strategic partnership with International Critical-care Air Transfer Team (ICATT), which could revolutionise emergency medical response in India.

1 min

Industries Adopt Cautious Stance on US Tariff Moves

WAIT-AND-WATCH MODE Industries likely to get impacted by the reciprocal tariff include auto components, steel, pharmaceuticals, and textiles, say analysts The steel sector players are worried that reciprocal tariff would lead to increased dumping into India from China According to BNP Paribas analyst, increase tariff could exert downward pressure on Indian steel prices Hemant Jain, president of industry lobby body, PHDCCI feels bilateral tariff hikes would impact overall trade trajectory and will not be beneficial for any economy

Industries Adopt Cautious Stance on US Tariff Moves

2 mins

Welfare schemes, rural jobs fuel labour crisis: Execs

A confluence of pandemic-spurred behavioural changes, availability of various welfare schemes, and a sudden spurt in infrastructure projects has led to a decline in labour migration, resulting in a shortage of workers across industries, according to industry executives and HR experts.

2 mins

Standoff at Samsung's TN plant may intensify

The fresh standoff between employees and the Samsung India management at the company's Sriperumbudur plant in Tamil Nadu, is expected to intensify from Monday, with around 1,000 workers, backed by the Citu (Centre of Indian Trade Unions), along with their family members, are set to hold a massive hunger strike at Sunguvarchatram.

1 min

CGOs take centre stage at IT cos amid growth challenges

The role of chief growth officers (CGOs), a relatively new addition to the C-suite, has become mainstream across large and mid-size information technology (IT) services companies.

CGOs take centre stage at IT cos amid growth challenges

2 mins

Reciprocal tariffs' may complicate US duty rate structure

The immediate reaction to the Trump-Modi meet in Washington is one of relief that any proposals for imposition of India-specific tariffs by the United States are on hold for the moment.

2 mins

Foreign firms' tax burden hits record low in India

Corporation tax cuts, GST reforms, compliance measures behind decline in tax outgo

Foreign firms' tax burden hits record low in India

2 mins

Banks hit by AGS may turn to others for cash management operations

A few banks, whose ATM services have been impacted due to the liquidity issues of AGS Transact Technologies, are exploring the option of shifting their cash management operations to other providers.

Banks hit by AGS may turn to others for cash management operations

1 min

Deposit insurance offers silver lining

Customers pin hopes on 5 lakh insurance payout as RBI freezes withdrawals

Deposit insurance offers silver lining

3 mins

State NBFCs Reissue Bonds as Fundraise Nears FY25 Limit

State-owned non-banking financial companies (NBFCs) have been actively reissuing their bonds in February as they approach their fundraising limits for the current financial year, according to bond market participants.

1 min

Footwear industry may cross $574 bn by 2032

Though companies like Nike and Adidas have been reportedly providing 3D-printed shoes, they are available only in limited editions.

1 min

India's Average Applied MFN Tariff Is 39%

\"In addition, India maintains high basic customs duties (in some cases exceeding 20 percent) on drug formulations, including life-saving drugs and finished medicines listed on the World Health Organization's list of essential medicines.

1 min

Panel found discrepancies between design drawings, actual construction

The expert panel identified a critical design flaw: the horizontal beam was assumed to be at the top of the flared columns but was actually attached midway, altering the force distribution and stressing the weld joints.

4 mins

DOGE Nixes $21 Million US Grant to Increase India's 'Voter Turnout'

In its continuing crackdown on United States Agency for International Development (USAID)-funded projects, the billionaire Elon Musk-led US government's Department of Government Efficiency (DOGE) announced on Sunday morning (India time) that it has cancelled American assistance of $21 million intended for increasing \"voter turnout in India\".

2 mins

Fintechs Look Beyond Traditional Means to Scale Up Presence of e₹

Entities will have to tap into use-cases beyond peer-to-peer and peer-to-merchant transactions

Fintechs Look Beyond Traditional Means to Scale Up Presence of e₹

2 mins

Expect investments in excess of ₹4 tn to create 100,000 jobs

The Madhya Pradesh government will host the Global Investors Summit (GIS) in state capital Bhopal on February 23-24. In an interview with Sanjeeb Mukherjee and Archis Mohan in New Delhi last week on the sidelines of a preparatory event related to the summit, Chief Minister MOHAN YADAV spoke about his government's plans to amend 30 policies to foster ease of doing business and said he was confident that investment proposals would exceed all previous records. Edited excerpts:

3 mins

Women, welfare, rural schemes: Budget sets tone for Bengal polls

While Mamata Banerjee's party has started laying the groundwork to secure a fourth consecutive term in 2026, the BJP hopes to ride on its recent electoral successes. ISHITA AYAN DUTT writes

Women, welfare, rural schemes: Budget sets tone for Bengal polls

4 mins

Punjabi speakers lead Indian asylum claims at US border

Study attributes the surge in Indian asylum seekers in the US to better opportunities overseas, pointing out that stricter policies may strain ties between two countries. ARCHIS MOHAN analyses

Punjabi speakers lead Indian asylum claims at US border

3 mins

US-Russia talks in Saudi Arabia soon to end 3-yr war in Ukraine

US and Russian officials will meet in Saudi Arabia in the coming days to start talks aimed at ending Moscow's nearly three-year war in Ukraine, a US lawmaker and a source familiar with the planning said on Saturday.

US-Russia talks in Saudi Arabia soon to end 3-yr war in Ukraine

1 min

Apple to bring AI, spatial content app to Vision Pro

Apple is planning to add Apple Intelligence to its Vision Pro headset, along with an updated mode for guest users and a spatial content app as early as April, Bloomberg News has reported.

Apple to bring AI, spatial content app to Vision Pro

1 min

ISIL Unable to Mount Large-Scale Attacks in India: UN Report

Terror group Islamic State was unable to mount large-scale attacks in India but its handlers tried to incite lone-actor attacks through supporters based in the country, a UN report has said.

1 min

DeepSeek Drives $1.3 Trillion China Stock Rally as Funds Flow Back From India

DeepSeek's breakthrough in artificial intelligence is helping drive a rotation of stock funds back into China from India.

2 mins

Broadcom, TSMC Eye Deals to Split Intel

Firms not working together; Trump admin may not support a foreign entity operating Intel's US chip factories

Broadcom, TSMC Eye Deals to Split Intel

2 mins

Australia to Put 2-Yr Curbs on Foreigners Purchasing Homes

Australia will ban foreign investors from buying existing homes in the country for two years, its government said on Sunday, in an effort to boost under-pressure housing supply.

1 min

Dubious history of the presidential pardon

When it comes to pardons, presidents are kings,\" the legal journalist Jeffrey Toobin writes in his new book, The Pardon: The Politics of Presidential Mercy.

Dubious history of the presidential pardon

4 mins

New phase in India-US ties

India will have to deal with unpredictability

2 mins

In a tight spot

Sustained correction will test investors

2 mins

Task Before New Boards

Barely two weeks after launching the National Turmeric Board to make India the global hub of this multi-utility spice, the government proposed, in the 2025-26 Budget, setting up a similar board for makhana (fox nut), a relatively neglected aquatic agro-product that is gaining popularity the world over as a superfood.

Task Before New Boards

3 mins

Running Episodic Deregulation

In each field, on each regulation, deregulatory projects must run through three questions

Running Episodic Deregulation

4 mins

Market on knife's edge: A single cut could deepen the correction

After an eight-session losing streak, the Nifty 50 is teetering near crucial support levels.

Market on knife's edge: A single cut could deepen the correction

1 min

QSR chains' sales recovery: The main course with a side of optimism

PLATING A COMEBACK: QSR stocks ready to break their six-month diet of negative returns

QSR chains' sales recovery: The main course with a side of optimism

3 mins

Gold Takes The Crown As Equities Stumble On A Shaky Throne

Allocate 10-15% to gold, but don't expect last year's gains: Experts

Gold Takes The Crown As Equities Stumble On A Shaky Throne

1 min

Need serious fall in Indian markets before I start buying

It has been a tumultuous few weeks for global financial markets as they brace for tougher tariffs from US President Donald Trump. JIM ROGERS, chairman of Rogers Holdings, tells Puneet Wadhwa in a video interview that he has sold out from nearly every stock market across the globe. If the markets were to correct further in India and investors became depressed, worried, and despondent, he would probably buy Indian stocks again. Edited excerpts:

Need serious fall in Indian markets before I start buying

2 mins

Growth, without the guesswork: Focused, calm, ahead of the curve

FUND PICK: JM FLEXI CAP FUND

Growth, without the guesswork: Focused, calm, ahead of the curve

2 mins

Flat sale to third party illegal if agreement valid

Subhash Ramjag Chourasiya booked a flat with Sai Krupa Builders. The agreement to sell was registered on August 2, 2007.

Flat sale to third party illegal if agreement valid

2 mins

Continue SIPs if allocation, risk appetite, and horizon permit

Those significantly overweight on these categories must book profits to rein in exposure

Continue SIPs if allocation, risk appetite, and horizon permit

3 mins

AI's Oxygen: Undersea cables and satellites

Digital connectivity is oxygen for artificial intelligence (AI).

AI's Oxygen: Undersea cables and satellites

2 mins

GenAI to Become Immersive Across Our Businesses

US investment bank Goldman Sachs was an early mover in India's technology ecosystem, setting up an office in Bengaluru in 2004 for IT and back-office support. In two decades, its operations have grown to cover a wide range of banking functions. GUNJAN SAMTANI, co-chairman of Goldman Sachs, India, and country head of Goldman Sachs Services India, spoke with Avik Das in Bengaluru about Indian engineers and Generative AI (GenAI) in banking. Edited excerpts:

GenAI to Become Immersive Across Our Businesses

2 mins

For India, there's a world to win in AI

Country has advantages and challenges as it races to be a leader in the tech, reports SURAJEET DAS GUPTA

For India, there's a world to win in AI

5 mins

TAKEOVER TANGLE

The eventful battle for Religare tests Sebi's Takeover Code

TAKEOVER TANGLE

5 mins

TAKEOVER TANGLE The eventful battle for Religare tests Sebi's Takeover Code

The eventful battle for Religare tests Sebi's Takeover Code

TAKEOVER TANGLE The eventful battle for Religare tests Sebi's Takeover Code

5 mins

Indian unicorns grow far beyond IIT and IIM

If you thought that Indian students from prestigious institutes like the Indian Institutes of Technology (IITs), Indian Institutes of Management (IIMs), and Indian Schools of Business (ISBs) dominate the list of founders and cofounders who build startup unicorns in the US, think again.

Indian unicorns grow far beyond IIT and IIM

1 min

قراءة كل الأخبار من Business Standard

Business Standard Newspaper Description:

الناشر: Business Standard Private Ltd

فئة: Newspaper

لغة: English

تكرار: Daily

Business Standard is India's leading business daily.
A preferred choice of serious business readers, Business Standard is acknowledged as a quality leader.

Business Standard stands for reporting that stresses accuracy and credibility, commentary that is informed, independent and fair, and journalism that is rooted in ethical conduct and defined by a sacrosanct bond with the reader. All Business Standard journalists sign on to a code of conduct that is available on the website.

Business Standard's editorial team is led by Shyamal Majumdar.

The English newspaper is published from 12 centers - New Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. It is also printed from Bhopal.

The Hindi Business Standard is published from eight centres - New Delhi, Mumbai, Kolkata, Patna, Lucknow, Bhopal, Chandigarh and Raipur.

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