News for 'Business Standard the company'

Amazon to invest Rs 2,000 cr in India to expand logistics, improve safety

Amazon to invest Rs 2,000 cr in India to expand logistics, improve safety

Rediff.com20 Jun 2025

Amazon will invest more than Rs 2,000 crore (about $233 million) in India in 2025 as it strengthens its logistics and safety standards, said the ecommerce company on Thursday.

'Ready To Launch 5 products In 18 Months'

'Ready To Launch 5 products In 18 Months'

Rediff.com5 Jun 2025

'We recently launched Yesintek in the immunology space.'

'UK steel ops to break even by FY26'

'UK steel ops to break even by FY26'

Rediff.com26 Aug 2025

'Due to tariff uncertainty, automotive customers reduced their steel uplift by almost 15 per cent.'

Pharma Inc hopes for fair deal as Donald Trump announces 25% tariffs

Pharma Inc hopes for fair deal as Donald Trump announces 25% tariffs

Rediff.com31 Jul 2025

India's pharmaceuticals and medical devices industries are still hopeful that trade negotiations with the US could cut a fairer deal for both sides, after President Donald Trump announced a 25 per cent tariff rate on India on a social networking platform without divulging the finer details.

AC prices likely to go up by 4-5% due to component shortages

AC prices likely to go up by 4-5% due to component shortages

Rediff.com18 Mar 2025

As temperatures shoot up this month signalling an early onset of summer, sales of air conditioners (AC) are set to increase, with companies expected to hike the prices of ACs by 4-5 per cent due to component shortages. Leading players like Haier and Bluestar and suppliers like EPack Durables have raised their production capacities to meet the 25-30 per cent rise in demand expected in the coming months.

India could double US energy purchases this year to offset tariff threat

India could double US energy purchases this year to offset tariff threat

Rediff.com24 Apr 2025

India's purchase of US crude oil has picked up in 2025 and could easily double their previous levels, government officials said on Wednesday. The surge comes in the wake of the then-incoming Donald Trump administration's announcement that it would consider hiking tariffs on a reciprocal basis, and pushed some countries, especially those with large trade surpluses with the US, to buy more of its energy.

Startups: 'India Is In A Golden Age'

Startups: 'India Is In A Golden Age'

Rediff.com3 Mar 2025

'The conversation is no longer just about securing funds or acquiring customers but about the long-term value of customers.'

Trump's tariff measures will help Indian cos expand in US mkt

Trump's tariff measures will help Indian cos expand in US mkt

Rediff.com14 Apr 2025

Consumer durable companies in India have begun early-stage talks with US importers at a time when the tariffs levied on Indian products are lower than those on competitors such as China. While the discussions started some time ago, many believe that the Donald Trump administration's tariff measures will help Indian companies expand their presence in the US market.

With ML and AI, IBM shows the fight is not over for mainframes

With ML and AI, IBM shows the fight is not over for mainframes

Rediff.com17 Apr 2025

This innovation has made mainframes the fastest-growing segment within IBM's Infrastructure business, demonstrating that even legacy technologies can continue to deliver value.

India looks to bet big on foreign drillers

India looks to bet big on foreign drillers

Rediff.com21 Jul 2025

India, the biggest contributor to world demand for oil, will bring into effect in an overhaul of its drilling policy. This comes after more than a year of preparation and will boost the exploration and development of India's oil and gas sector along with increased participation by foreign drillers

What's Pushing India-US Ties To Breaking Point?

What's Pushing India-US Ties To Breaking Point?

Rediff.com16 Aug 2025

The deal fell through over unresolved disagreements over contentious issues, mainly on agriculture and automotive sector tariffs.

Govt, UPI To Set Up Real-Time Payment Tripwire

Govt, UPI To Set Up Real-Time Payment Tripwire

Rediff.com4 Jul 2025

Google Pay, PhonePe, and Paytm may deliberately delay transactions, issue fraud alerts, and require an extra layer of user confirmation before processing any transactions that are likely to be classified as fraudulent.

'Our goal is to make India 50% of overall biz'

'Our goal is to make India 50% of overall biz'

Rediff.com15 Jun 2025

'India is a very strategic geography. The business is growing over 37-38 per cent year-on-year.'

AI 171 Crash: Insurance Cost: $475 Million

AI 171 Crash: Insurance Cost: $475 Million

Rediff.com1 Jul 2025

'$125 million for the hull and the remaining of over $350 million for liability.'

'The Nature Of Jobs Will Change'

'The Nature Of Jobs Will Change'

Rediff.com22 Jul 2025

'This is the time to be creative, use AI in real-time operations, and unlock new demand and aspirations.'

Relief for taxpayers, late refund claim may be allowed

Relief for taxpayers, late refund claim may be allowed

Rediff.com23 Jun 2025

'Experts and stakeholders have raised concern over the refund provision in the draft Bill. That was a drafting error, which will be rectified,' a government official said.

Adani Ports, JSW Infra make logistics anchor for cargo growth plans

Adani Ports, JSW Infra make logistics anchor for cargo growth plans

Rediff.com24 May 2025

Adani Ports and JSW Infrastructure, India's leading private port operators, are expanding their logistics services to capture extra cargo while they run integrated transport services. "With incrementally less availability of lucrative port assets that can drive cargo volumes, port operators have naturally shifted their focus on deriving value in the upstream integration, i.e., the logistics space.

India eyes 10% of global green hydrogen exports by 2030: Minister

India eyes 10% of global green hydrogen exports by 2030: Minister

Rediff.com19 Aug 2025

India is aiming to become a global hub for green hydrogen exports, eyeing nearly 10 per cent of the worldwide demand by 2030, Union Minister Shripad Yesso Naik said on Tuesday. Addressing FICCI Green Hydrogen Summit 2025, the minister said 8.62 lakh tonne annual hydrogen production capacity has been awarded to 19 companies.

Ultraviolette Unveils 2 e-bikes in Paris, opens gateway to EU

Ultraviolette Unveils 2 e-bikes in Paris, opens gateway to EU

Rediff.com19 Jun 2025

The company is targeting countries like Germany, Italy, France, Spain, Portugal, and the UK which account for over 70 per cent of Europe's two-wheeler volumes.

Krutrim Suicide Sparks Workplace Concerns

Krutrim Suicide Sparks Workplace Concerns

Rediff.com19 May 2025

An ex-employee claimed that team members were routinely subjected to verbal abuse, even for basic clarifications or suggesting improvements.

UK Stealth Fighter Jet Still With India

UK Stealth Fighter Jet Still With India

Rediff.com21 Jun 2025

While the peacetime stranding of a foreign fighter jet is rare in India, the F-35 -- a military asset of a foreign country with which India has strategic relations -- was being guarded by the Central Industrial Security Force, the agency responsible for security at Indian airports.

Stealth Fighter Test Flight Scheduled For 2028

Stealth Fighter Test Flight Scheduled For 2028

Rediff.com28 May 2025

Private and public defence players can bid to participate in the stealth fighter development programme independently, as a joint venture, or as consortia.

Bike Taxis Go Off Roads in Karnataka

Bike Taxis Go Off Roads in Karnataka

Rediff.com27 Jun 2025

Bike-taxi drivers are also left stranded as many depended on the service.

'Zepto Is India's Fastest-Growing Internet Company'

'Zepto Is India's Fastest-Growing Internet Company'

Rediff.com2 Dec 2024

'Domestic investors are opening up to the idea of high-growth Internet companies as a pool of value creation.' 'They like the execution that they see with Zepto, and for us, that is the most important factor.'

'We will be present across India over next 3-5 yrs'

'We will be present across India over next 3-5 yrs'

Rediff.com29 Jun 2025

'There's been interest from multiple states, and exploratory conversations are ongoing.'

Anil Ambani appears before ED in bank loan 'fraud' case

Anil Ambani appears before ED in bank loan 'fraud' case

Rediff.com5 Aug 2025

Reliance Group Chairman Anil Ambani on Tuesday appeared before the Enforcement Directorate here for questioning in a money laundering case linked to alleged multiple bank loan fraud cases worth crores of rupees against his group companies, official sources said.

'Sensex Is Barometer Of Economy And Capital Markets'

'Sensex Is Barometer Of Economy And Capital Markets'

Rediff.com18 Jul 2025

'BSE has facilitated nearly Rs 35 trillion in capital raising across multiple segments.'

'Bharti AXA's First Goal Is To Achieve 3x Revenue'

'Bharti AXA's First Goal Is To Achieve 3x Revenue'

Rediff.com11 Jun 2025

'Our new business premium is around Rs 700 crore, which we want to take to Rs 2,000 crore.'

Allianz to explore new avenues in India after exit from Bajaj JVs

Allianz to explore new avenues in India after exit from Bajaj JVs

Rediff.com26 Mar 2025

Munich-based Allianz will explore new opportunities in the Indian insurance market not only as an investor but also as an operator, the company told Business Standard on Tuesday. "India will continue to be one of Allianz's main growth markets, and Allianz will explore new opportunities to further grow its participation in the Indian insurance market in the future, not only as an investor but also as an operator," the company said.

US tariff on Indian shrimp may go up from 8pc to 45 pc

US tariff on Indian shrimp may go up from 8pc to 45 pc

Rediff.com7 Apr 2025

Seafood is one of India's largest agricultural exports after basmati rice and buffalo meat.

As buyers await price cut in GST rejig, automakers report dip in dispatches

As buyers await price cut in GST rejig, automakers report dip in dispatches

Rediff.com1 Sep 2025

Leading automakers Maruti Suzuki, Hyundai, Mahindra, and Tata Motors saw a dip in dispatches to dealers in August amid dip in demand with many prospective buyers postponing their buys anticipating a reduction in vehicle prices on account of the new GST framework. The country's largest carmaker Maruti Suzuki India reported an 8 per cent year-on-year dip in dispatches of passenger vehicles in the domestic market last month.

'Will Keep Working To Grow Value Of New Businesses'

'Will Keep Working To Grow Value Of New Businesses'

Rediff.com26 Oct 2024

'Margins will be an outcome of that. They will likely remain somewhat range-bound.'

OTT Vs Theatres: The War Has Begun

OTT Vs Theatres: The War Has Begun

Rediff.com12 Aug 2025

'The satisfaction of making content only comes when it reaches theatres as you are directly connecting to the masses.'

'Pressure On Dollar May Continue In Near Term'

'Pressure On Dollar May Continue In Near Term'

Rediff.com12 Jun 2025

'Many global investors have been overweight on dollar assets, so some diversification or hedging is naturally expected.'

What You Must Know About New Income Tax Act

What You Must Know About New Income Tax Act

Rediff.com5 Sep 2025

The contrast with the old Income-Tax Act is stark. The 1961 law ran into 512,000 words; the 2025 one pares that down to 259,000. Chapters have been cut from 47 to 23, while sections have reduced from 819 to 536. One of the clearest changes is terminological. The confusing twin concepts of 'assessment year' and 'previous year' have been scrapped.

'FIIs Looking For Consistency In Regulatory Actions'

'FIIs Looking For Consistency In Regulatory Actions'

Rediff.com30 Jul 2025

'As long as Sebi maintains transparency and market stability, the Jane Street episode is unlikely to deter long-term foreign capital.'

India To Train AI Models Using Religious Texts

India To Train AI Models Using Religious Texts

Rediff.com22 Apr 2025

Inputs from religious texts, scriptures of local dialects and inspirational word-of-mouth stories will also be included.

'UCO Bank's strategy is to raise capital in tranches'

'UCO Bank's strategy is to raise capital in tranches'

Rediff.com27 Jun 2025

'Raising the entire amount in one go may not be prudent, given the market dynamics.'

'Mercedes not chasing numbers in luxury car space'

'Mercedes not chasing numbers in luxury car space'

Rediff.com22 Jul 2025

'In the luxury car segment, the adoption of EVs is almost double compared to the mass market.'

'India's paint market is highly local and competitive'

'India's paint market is highly local and competitive'

Rediff.com11 Jul 2025

'We realised that partnering with a strong local player like the JSW Group would create far greater value than going it alone.'