News for '-business-standard'

India Faces Russian Oil Squeeze After US Deal

India Faces Russian Oil Squeeze After US Deal

Rediff.com12 Feb 2026

Replacing over a third of India's oil imports at competitive rates is going to be a challenge, said traders from State refiners, even though some progress was made in the last two months.

AI Democracy Needs India: OpenAI

AI Democracy Needs India: OpenAI

Rediff.com11 hours ago

'This is a technology that will particularly benefit those who want to take agency over it'.

AI startup Sarvam launches two made-in-India large language models

AI startup Sarvam launches two made-in-India large language models

Rediff.com1 days ago

Indian artificial intelligence (AI) startup Sarvam launched two indigenous large language models (LLMs) specifically trained on Indian languages on Wednesday.

Reliance gets US licence to directly buy Venezuela oil

Reliance gets US licence to directly buy Venezuela oil

Rediff.com6 days ago

Private-sector oil refiner Reliance Industries Limited (RIL) last week received a general licence from the United States (US) government to buy Venezuelan oil, an industry executive said.

India Will Continue To Buy Russian Oil

India Will Continue To Buy Russian Oil

Rediff.com6 Feb 2026

'No one can or will bar India from pursuing its energy goals as it wishes.' 'The US FTA wording may sound more restrictive, but the underlying reality will not undermine India's sovereign energy decisions.'

Cooling hub Sri City gets a Carrier legacy stamp

Cooling hub Sri City gets a Carrier legacy stamp

Rediff.com2 days ago

Sri City in Andhra Pradesh is dubbed the "Cooling City" of India, accounting for nearly 40 per cent of the air conditioners (ACs) manufactured in the country. On Tuesday, this industrial hub added one more feather to its cooling credentials. Carrier Air Conditioning and Refrigeration Ltd, the Indian arm of the oldest AC company in the world, Carrier Global, signed a deal to invest around ~1,000 crore for a new manufacturing unit at Sri City.

Boost For IAF: Free Hand On Weapons For 114 Rafales

Boost For IAF: Free Hand On Weapons For 114 Rafales

Rediff.com4 days ago

'The additional Rafales will be from a vastly improved version compared to the 36 acquired for the IAF under the 2016 deal.'

'This Isn't Day One Of AI; It Is Hour One'

'This Isn't Day One Of AI; It Is Hour One'

Rediff.com7 hours ago

'When a technology is this fundamental, a country should have its own version of it, rather than relying on whether someone else chooses to build it for you.'

Public Cloud Service Drives Oracle India's Double-Digit Run

Public Cloud Service Drives Oracle India's Double-Digit Run

Rediff.com2 days ago

'India is often skipping legacy cycles and moving directly to advanced AI-driven operations.'

Market Guru: 'This Is About Capital Preservation'

Market Guru: 'This Is About Capital Preservation'

Rediff.com2 days ago

'The problem is not just slower growth, but also the quality of growth.'

Will Cheaper European Cars Hurt Indian Automakers?

Will Cheaper European Cars Hurt Indian Automakers?

Rediff.com4 days ago

Speculation about rising competition from global majors has led to shares of major Indian automobile manufacturers such as Mahindra & Mahindra (M&M), Maruti Suzuki India, and Tata Motors taking a hit on the BSE.

India-Bangladesh Ties May Warm Up After BNP Win

India-Bangladesh Ties May Warm Up After BNP Win

Rediff.com4 days ago

'The people of Bangladesh have voted for a party that represents political interest.'
'It is a pro-Liberation party and it believes in the spirit of 1971, as opposed to the Jamaat-e-Islami, which was opposed to the Liberation struggle of Bangladesh in 1971.'

'We have been building AI before it became mainstream'

'We have been building AI before it became mainstream'

Rediff.com12 hours ago

'Today, we are at a stage where we have launched a voice-to-voice model that supports 14 Indian languages.'

86% Taxpayers Shift To New Tax Regime

86% Taxpayers Shift To New Tax Regime

Rediff.com7 days ago

'Among corporates, about 60% of income is now reported under the new tax regime.'

Now, India's gems & jewellery sector on par with China, Thailand

Now, India's gems & jewellery sector on par with China, Thailand

Rediff.com4 Feb 2026

Exporters of gems and jewellery have said the free-trade agreement (FTA) has brought relief to their sector because this opens up the world's second-largest market and brings them on a par with China and Thailand, which face zero tariffs on shipments to Europe.

How The Taxman Plans To Close Cases Faster

How The Taxman Plans To Close Cases Faster

Rediff.com11 Feb 2026

Building on last year's clearance of 172K cases, I-T department is pushing for faster appeal disposals, penalty reforms and system-driven processes to curb litigation and boost tax certainty.

Modi-Trump Call: 'Headwind Becomes Tailwind': FM

Modi-Trump Call: 'Headwind Becomes Tailwind': FM

Rediff.com5 Feb 2026

The finance minister said that consolidation of state-owned banks could proceed at any time without waiting for the recommendations of the proposed high-level committee on banking.

'Viksit Bharat cannot truly become a reality unless...'

'Viksit Bharat cannot truly become a reality unless...'

Rediff.com12 Feb 2026

'The real question is how best to leverage technology to deliver better services, all the way to the last mile, where we still haven't been able to get across the financial literacy that can enable us to unlock the potential of the entire country.'

Interview with chairman SC Shetty: 'SBI Will Double Its Balance Sheet In 6-7 Years'

Interview with chairman SC Shetty: 'SBI Will Double Its Balance Sheet In 6-7 Years'

Rediff.com11 Feb 2026

'Credit growth in India remains in double digits, even though corporate borrowing is subdued.' 'Corporate credit is weak because companies are cash-rich and cautious amid global uncertainty.'

'Banks not investing in right technology'

'Banks not investing in right technology'

Rediff.com10 Feb 2026

'There is a challenge in repositioning yourself, maybe reinventing yourself.'

'GST rate cuts are beginning to translate into higher consumption'

'GST rate cuts are beginning to translate into higher consumption'

Rediff.com6 Feb 2026

'Despite a challenging FMCG environment, ITC Foods has grown at or above the industry rate.'

Berners-Lee Pushes Data Control For India

Berners-Lee Pushes Data Control For India

Rediff.com19 Jan 2026

'India is advanced in that everybody has an ID. But behind that (digital) ID (Aadhaar), you don't have a place where you can share information between each other,' says Tim Berners-Lee.

'Indian Bank Aims For Rs 25 Trillion Business By December 2030'

'Indian Bank Aims For Rs 25 Trillion Business By December 2030'

Rediff.com7 Feb 2026

'In the last one year, we have added more than Rs 1.7 trillion, and we are on track.'

One Snapshot To Track Your Savings, Investments

One Snapshot To Track Your Savings, Investments

Rediff.com30 Jan 2026

Sebi is working with other regulators to expand the CAS framework.

Mark Tully Was India's Voice To The World

Mark Tully Was India's Voice To The World

Rediff.com27 Jan 2026

'Mark had such a profound understanding of India, which was, of course, the land of his birth as well as of his death... He loved India, and lived two-thirds of his life here.'

Kerala: First State To Have State 'Bacteria'

Kerala: First State To Have State 'Bacteria'

Rediff.com29 Jan 2026

'We have tags of state animals and birds. However, the invisible world of microbes is doing a lot of things for us in nature, not just for human beings but for the entire life.'

VinFast to roll out e-taxi service in 5 metros

VinFast to roll out e-taxi service in 5 metros

Rediff.com2 Feb 2026

GSM, which is potentially eyeing a Hong Kong listing and was recently valued at $20 billion, operates on a distinct model -- it owns the e-taxis and employs the drivers, while also supplying cars to independent drivers or fleet operators.

'Money Comes Only When Markets Do Well'

'Money Comes Only When Markets Do Well'

Rediff.com4 Feb 2026

'Given that India underperformed emerging markets by 28 per cent in 2025, the worst performance in over 30 years, the timing of the sharp STT hike could have been better.'

Alcoholic Beverages players identify new markets amid tax hiccups

Alcoholic Beverages players identify new markets amid tax hiccups

Rediff.com21 Jan 2026

Makers of spirits, beer, and wine are working to identify new markets of growth as two of the industry's biggest liquor markets, Maharashtra and Telangana, remain embroiled in taxation and payment issues.

Matter to unveil 2 new e-mobikes in 2 years

Matter to unveil 2 new e-mobikes in 2 years

Rediff.com27 Jan 2026

At present, e-mobike penetration in India is close to negligible, unlike the scooter segment, where electric scooters account for nearly 20 per cent of sales.

'Global Uncertainties Are Of A Magnitude We've Never Seen Before'

'Global Uncertainties Are Of A Magnitude We've Never Seen Before'

Rediff.com2 Feb 2026

'Global uncertainty is something which definitely occupies the minds of officials when we are preparing for the Budget.'

Marico to buy majority stake in popcorn brand 4700BC from PVR Inox

Marico to buy majority stake in popcorn brand 4700BC from PVR Inox

Rediff.com27 Jan 2026

Marico has entered into a definitive agreement with PVR INOX to buy its 93.27 per cent stake in Zea Maize Private Limited (ZMPL), which owns the gourmet popcorn brand 4700BC, in an all-cash transaction worth Rs 226.8 crore.

Budget 2026: 'Increased Industrialisation Will Lead To More Jobs'

Budget 2026: 'Increased Industrialisation Will Lead To More Jobs'

Rediff.com28 Jan 2026

'The trade deficit in some sectors is huge and that is an area of opportunity to localise.'

Will Dhurandhar 2 Save 2026 Box Office?

Will Dhurandhar 2 Save 2026 Box Office?

Rediff.com24 Jan 2026

'After Saiyaara, a lot of confidence has come in. Hindi is now looking good, especially with Dhurandhar 2 expected in March.'

'Budget Likely To Be Non-Event For Markets'

'Budget Likely To Be Non-Event For Markets'

Rediff.com31 Jan 2026

'When markets go into a budget with excessive optimism, the risk of disappointment is higher.'

India's Billionaire Club Contracts In 2025

India's Billionaire Club Contracts In 2025

Rediff.com22 Jan 2026

The aggregate net worth of the country's 176 dollar billionaires dropped to $984.2 billion during 2025, down from a record $1,036.2 billion at the end of December 2024.

10-Minute Delivery Gone, Work Stays the Same

10-Minute Delivery Gone, Work Stays the Same

Rediff.com23 Jan 2026

'As long as apps show impossible delivery times, delivery and packaging workers will be pressured to meet unsafe, unhealthy standards.'

No Of Companies That Exited Sensex In 40 Years...

No Of Companies That Exited Sensex In 40 Years...

Rediff.com12 Jan 2026

There were 18 exits from the index between 1995 and 2000. The pace has since dropped to single-digit exits over every five-year period.

Cheers! Kingfisher rolls out Smooth for beer aficionados

Cheers! Kingfisher rolls out Smooth for beer aficionados

Rediff.com16 Jan 2026

The new beer's rollout has begun in Rajasthan. Under a phased expansion strategy, Karnataka is expected to follow, with more states to be added based on early response.

Debt Recovery Overhaul Likely In Budget

Debt Recovery Overhaul Likely In Budget

Rediff.com19 Jan 2026

The Centre is considering amendments to the Recovery of Debt and Bankruptcy Act in the Budget to allow some Debt Recovery Tribunals to focus only on high-value cases.