News for 'Global Times'

Beijing's Export Restrictions On Key Machinery Could Hamper India

Beijing's Export Restrictions On Key Machinery Could Hamper India

Rediff.com3 hours ago

China has announced new export controls on key machinery, including tunnel boring machines, walking excavators, and dredger components, citing national security. These restrictions, effective November 18, could significantly impact India's infrastructure projects, such as metro systems and high-speed rail lines, as China has previously limited such exports to India.

Global Equities Face Correction Risk as Treasury Yields Climb

Global Equities Face Correction Risk as Treasury Yields Climb

Rediff.com3 Sep 2026

Higher US Treasury yields, particularly the 10-year yield approaching 5 per cent, pose a significant near-term risk to global equity markets, including India, potentially triggering a 'big correction' according to market strategists.

Global Chess League: Carlsen Powers Pipers To Victory; Vishy Anand Loses To Sindarov

Global Chess League: Carlsen Powers Pipers To Victory; Vishy Anand Loses To Sindarov

Rediff.com6 Sep 2026

The Global Chess League commenced with defending champions Alpine APL Pipers securing a 10-8 victory over Mumba Masters, spearheaded by Magnus Carlsen.

Rubio's India Visit: The Russian Oil Factor

Rubio's India Visit: The Russian Oil Factor

Rediff.com10 hours ago

US Secretary of State Marco Rubio's visit to India this week underscores the complex dynamics of global energy policy, as Washington re-evaluates sanctions on Russian oil buyers amidst India's continued reliance on Russian crude.

Maharashtra Deputy CM Shinde Concludes UK Visit, Pitches For Global Investment

Maharashtra Deputy CM Shinde Concludes UK Visit, Pitches For Global Investment

Rediff.com11 Sep 2026

Maharashtra Deputy Chief Minister Eknath Shinde concluded a two-day visit to the UK, focusing on attracting foreign direct investment and promoting the state's economic potential. His engagements included receiving leadership awards, meeting with sports figures like Virat Kohli to discuss Olympic aspirations, and appealing to British investors to bring technology and capital to Maharashtra, leveraging the India-UK FTA.

US pauses Russia sanctions, India tariffs for 60 days

US pauses Russia sanctions, India tariffs for 60 days

Rediff.com21 hours ago

The US announced a 60-day pause on sanctions against Russia and tariffs on other countries, including India, to analyse the global economic impact. This decision, made via an executive order by Trump, has drawn significant criticism from both Republicans and Democrats, who had previously passed the Lindsey O. Graham Sanctioning Russia and Iran Act. US officials stated the waiver allows for assessment of global energy pressures and European allies' refusal to impose secondary sanctions on Russian oil buyers.

At UNGA, Sharif thanks Trump for 'timely intervention' in 2025 conflict with India

At UNGA, Sharif thanks Trump for 'timely intervention' in 2025 conflict with India

Rediff.com26 Sep 2026

Pakistan's Prime Minister Shehbaz Sharif used his UN General Assembly address to thank former US President Donald Trump for his "timely intervention" in the 2025 conflict with India, a claim India consistently denies. Sharif also raised the Kashmir issue and discussed the Indus Waters Treaty, while touting Pakistan's role in mediating US-Iran peace.

US halts visa interviews globally amid Trump's immigration crackdown

US halts visa interviews globally amid Trump's immigration crackdown

Rediff.com26 Aug 2026

The US State Department has paused visa appointments worldwide to conduct a 'global training initiative' for consular officers, aiming to ensure applicants are not likely to become a 'public charge' and are comprehensively evaluated, intensifying President Donald Trump's immigration crackdown.

Jio Platforms IPO: Rs 2.5 lakh cr demand for Rs 8,110 cr anchor book

Jio Platforms IPO: Rs 2.5 lakh cr demand for Rs 8,110 cr anchor book

Rediff.com6 hours ago

Jio Platforms' initial public offering has garnered an overwhelming institutional demand of approximately Rs 2.5 lakh crore, significantly exceeding its Rs 8,110-crore anchor book, with global and domestic investors vying for a stake in the Reliance Industries subsidiary.

Tata's Chip Bet: A Long-Term Play for India's Growth, Says Chandrasekaran

Tata's Chip Bet: A Long-Term Play for India's Growth, Says Chandrasekaran

Rediff.com5 days ago

Tata Sons Chairman N Chandrasekaran views the group's investment in semiconductors not as a short-term financial play, but as a critical long-term commitment to India's growth and self-reliance in a sector vital for domestic consumption and global supply chains.

'Abhijeet Dipke, Cockroach Janata Party funded by US donors'

'Abhijeet Dipke, Cockroach Janata Party funded by US donors'

Rediff.com5 days ago

American singer Mary Millben has ignited a political debate by calling on 'young patriots' in India to protest the Cockroach Janata Party..

Ganges Grandmasters End Gambits' Winning Run In Global Chess League

Ganges Grandmasters End Gambits' Winning Run In Global Chess League

Rediff.com6 Sep 2026

In the Global Chess League, Ganges Grandmasters ended FYER American Gambits' winning streak with a 9-7 victory, moving to second place. Defending champions Alpine APL Pipers secured their second consecutive win, defeating Ganges Grandmasters 11-6. Key players like Polina Shuvalova, Ian Nepomniachtchi, Vidit Gujrathi, and Koneru Humpy delivered crucial performances, while Magnus Carlsen showcased his endgame prowess with a draw against Nepomniachtchi. PBG Alaskan Knights also registered a comfortable win against CheQ Mumba Masters.

How India's Digital Ecosystem Propelled UPI To Global Success

How India's Digital Ecosystem Propelled UPI To Global Success

Rediff.com25 Aug 2026

Arunachal Pradesh Chief Minister Pema Khandu highlighted that the success of UPI, which handles nearly half of the world's real-time digital transactions, stems from a collaborative ecosystem including financial inclusion, digital identity, and affordable internet. He attributed this digital payments revolution to the vision of PM Narendra Modi.

Nifty 50 trails Asian peers: What's holding back Indian equities?

Nifty 50 trails Asian peers: What's holding back Indian equities?

Rediff.com7 days ago

Indian equities, particularly the Nifty 50, have significantly underperformed their Asian and global counterparts over the past year, with the index down 10.6 per cent. This lag is attributed to factors like rising global oil prices, rupee depreciation, and a lack of participation in the global chipmaker rally that boosted markets like South Korea and Taiwan.

Volvo Cars May Hike Prices Again Amid Rising Shipping Costs

Volvo Cars May Hike Prices Again Amid Rising Shipping Costs

Rediff.com6 days ago

Geopolitical disruptions have made shipping times unpredictable and raised costs for Volvo Car India, which may have to increase vehicle prices if the situation persists, its Managing Director Jyoti Malhotra said on Monday.

Mahela Jayawardene ends second stint as Mumbai Indians head coach

Mahela Jayawardene ends second stint as Mumbai Indians head coach

Rediff.com2 days ago

Sri Lankan cricket legend Mahela Jayawardene has concluded his second tenure as head coach of the Mumbai Indians, a role he returned to ahead of the 2025 season. Jayawardene, who previously led the team to three IPL titles, expressed gratitude to the franchise and its owners, while MI owner Nita Ambani acknowledged his significant contributions.

Bharti Airtel Chairman Calls For Urgent AI Regulation Before Accidents Occur

Bharti Airtel Chairman Calls For Urgent AI Regulation Before Accidents Occur

Rediff.com5 days ago

Bharti Airtel Chairman Sunil Mittal has called for proactive regulation of Artificial Intelligence, stating that waiting for an "accident" before implementing safeguards would be "foolish." Speaking at the Bloomberg New Economy Forum 2026, Mittal highlighted the struggle of governments to keep pace with AI's rapid growth and emphasised the need for a global regulatory framework, similar to the aviation sector, to ensure national security and responsible development.

Indian Equities Extend Gains, IT Sector Leads Rally on Strong Earnings

Indian Equities Extend Gains, IT Sector Leads Rally on Strong Earnings

Rediff.com3 days ago

Indian benchmark indices Sensex and Nifty closed higher for the second consecutive day, primarily driven by robust buying in IT stocks following strong quarterly results and positive global trends. Tech Mahindra notably surged over 8% after reporting a significant jump in net profit.

Football icon Gerard Pique invests in Global Chess League franchise

Football icon Gerard Pique invests in Global Chess League franchise

Rediff.com18 Aug 2026

World Cup-winning Spanish footballer Gerard Pique has become a strategic shareholder in the Global Chess League franchise American Gambits. Pique, known for his illustrious football career, expressed his long-standing fascination with chess and his ambition to elevate the sport's global appeal. The fourth edition of the Global Chess League, featuring top grandmasters, is scheduled for September 3-13.

Trump waives sanctions on Russian oil, relief for India

Trump waives sanctions on Russian oil, relief for India

Rediff.com2 days ago

US President Donald Trump has issued a waiver from sanctions under the Sanctioning Russia and Iran Act, citing national interest. This move comes after a deal with Russia for diesel supply and ahead of a US official's visit to India, where concerns about the act's impact on India's oil imports were raised.

India Faces Massive AI Talent Shortage By 2026

India Faces Massive AI Talent Shortage By 2026

Rediff.com9 Oct 2026

A new report by BinQle indicates India will face a significant demand-supply gap of artificial intelligence professionals by 2026, requiring 1.4 million AI experts against an available pool of 400,000. This shortage could hinder growth for enterprises and GCCs, driving up salaries and necessitating continuous reskilling and strategic talent development.

Driving India's Media And Entertainment Growth

Driving India's Media And Entertainment Growth

Rediff.com4 days ago

Ministry of Information and Broadcasting Secretary Chanchal Kumar outlined the critical factors for the media and entertainment sector's next growth phase, including robust intellectual property, sustainable revenue models, and disciplined investments. Speaking at the CII Big Picture Summit, he emphasised the government's role in fostering an environment for creative enterprises and addressing challenges posed by digital platforms and AI. The CII White Paper also projected a USD 100 billion Indian M&E sector, advocating for stronger IP and regulatory reforms.

Jio Platforms flags satcom as potential disruptor, but doubts its scale in India

Jio Platforms flags satcom as potential disruptor, but doubts its scale in India

Rediff.com3 days ago

Jio Platforms Limited (JPL) believes satellite broadband services are unlikely to achieve significant scale or compete effectively on price in India's highly connected and affordable market, despite developing its own satellite constellation solutions and flagging it as a potential disruptor.

Ravi Kishan Gets Ready To Play Ram

Ravi Kishan Gets Ready To Play Ram

Rediff.com2 days ago

Ravi Kishan is set to embody the revered character of Lord Ram in the highly anticipated Ayodhya Ki Ramleela theatrical production, performing live in Delhi.

Test Twenty: New Mixed-Gender Cricket Format to Debut in Colombo

Test Twenty: New Mixed-Gender Cricket Format to Debut in Colombo

Rediff.com3 days ago

Test Twenty, cricket's new format, debuts in Colombo on November 14, with 160 young cricketers and boys' and girls' scores combining to decide one winner.

Kumar Mangalam Birla: AI Investments Must Yield Returns, Avoid FOMO

Kumar Mangalam Birla: AI Investments Must Yield Returns, Avoid FOMO

Rediff.com6 days ago

Aditya Birla Group Chairman Kumar Mangalam Birla stated on Tuesday that investments in artificial intelligence should be driven by potential returns, not by a "fear of missing out." Speaking at the 2026 Bloomberg New Economy Forum, Birla indicated that his group would adopt AI more gradually than previously planned, moving away from an "AI arms race" mentality. He also discussed the varied applications of AI across different business sectors, the challenges of capital allocation, and the impact of geopolitical events on global companies.

Workday CEO Warns AI Will Overtake Low-Cost, Outsourced Jobs

Workday CEO Warns AI Will Overtake Low-Cost, Outsourced Jobs

Rediff.com4 days ago

Workday, a global HR tech major, has unveiled its new AI platform, Sana, designed to automate human resources and finance functions. Chairman and CEO Aneel Bhusri stated that AI is likely to replace low-cost, outsourced jobs due to increased productivity, rather than leading to jobs moving out of first-world countries. The platform uses AI agents for tasks like payroll and compliance, and Workday has acquired C1.ai to manage access rights for these agents. Bhusri emphasised that AI should augment humans, redefining roles rather than replacing them entirely.

IBM India MD Highlights India's Pivotal Role In Shaping AI Future

IBM India MD Highlights India's Pivotal Role In Shaping AI Future

Rediff.com6 days ago

IBM India and South Asia MD Sandip Patel stated that India is at a defining moment with a unique opportunity to shape exponential technologies like artificial intelligence, emphasizing that "when India builds, it builds for billions," leading to scalable impact. Speaking at the IBM Think 2026 event, Patel highlighted that the AI revolution is still in its early stages, requiring enterprises to redesign their operations around agents, real-time data, automation, hybrid architecture, and trust. He also introduced the concept of "digital swaraj" or sovereignty in the Indian context, stressing the importance of control over operating environments, data, technology, and AI execution. IBM also announced an MoU with MeitY Startup Hub to accelerate India's deep tech innovation and startup ecosystem, providing startups access to IBM's technology expertise and platforms like watsonx and Sovereign Core.

Co-working overtakes IT/ITeS as top office space occupier in India

Co-working overtakes IT/ITeS as top office space occupier in India

Rediff.com5 days ago

For the first time, co-working spaces have surpassed the IT/ITeS sector as the largest occupier of office space in India during the January-September period, indicating a significant shift towards flexible workspaces, according to Anarock Research & Advisory.

Airtel Business CEO Discusses AI Regulation And Productivity Gains

Airtel Business CEO Discusses AI Regulation And Productivity Gains

Rediff.com11 Oct 2026

Airtel Business CEO Sharat Sinha stated that evolving architecture and methodologies for safely deploying Artificial Intelligence, coupled with adequate guardrails, are essential to unlock productivity gains. He welcomed the government's upcoming consultation paper on AI regulation, focusing on safety, deepfakes, and a human-first approach. Sinha also highlighted AI's role in driving demand for digital infrastructure and Airtel's growth in cybersecurity and fraud prevention.

UK PM Andy Burnham Faces Questions Over Support for Manchester City

UK PM Andy Burnham Faces Questions Over Support for Manchester City

Rediff.com6 days ago

British Prime Minister Andy Burnham's past meetings with Manchester City chairman Khaldoon Al Mubarak have come under scrutiny following criticism of Burnham's initial response to the club's financial rule breaches.

Kapil Dev Addresses Fan Access, Gen Z, And Golf's Future

Kapil Dev Addresses Fan Access, Gen Z, And Golf's Future

Rediff.com3 days ago

PGTI president Kapil Dev has called on authorities to facilitate fan access to the D P World India Championship amidst ongoing protests in Delhi. He also urged Gen Z to listen to others while acknowledging their intelligence, and advocated for shorter golf formats and improved infrastructure to boost the sport's popularity in India.

How WIN Connect's AI Platform Is Revolutionising Networking For Women Leaders

How WIN Connect's AI Platform Is Revolutionising Networking For Women Leaders

Rediff.com7 Oct 2026

Women Inspiring Network (WIN) has launched 'WIN Connect', an AI-powered platform designed to connect global women leaders and enhance opportunities across various sectors. Unveiled in New York, the platform aims to leverage AI to facilitate networking, access to capital, and business growth for its 10,000-strong network across 50 countries.

Photos: Prime Minister Narendra Modi celebrates India's Asian Games heroes

Photos: Prime Minister Narendra Modi celebrates India's Asian Games heroes

Rediff.com3 days ago

Prime Minister Narendra Modi met India's Asian Games medal-winners, including the gold-winning cricket teams, on Thursday. He praised their achievements, highlighting India's growing strength in sports and its ambition to become a credible host for major international events, including a bid for the 2036 Olympics. Modi also emphasised the government's support for athletes and urged medallists to mentor the next generation.

'If there is passion for motorsport in India, then it makes sense to host F1 race'

'If there is passion for motorsport in India, then it makes sense to host F1 race'

Rediff.com11 Oct 2026

Alpine managing director Steve Nielsen, a veteran of Formula 1 since 1985, shares insights into his four-decade career, the sport's evolution from a niche interest to a global powerhouse, and the roles of Bernie Ecclestone and Liberty Media in its growth. He also discusses the potential return of the Indian Grand Prix, highlighting India's significant F1 fanbase.

Mercedes Benz could have sold more cars in India if only...

Mercedes Benz could have sold more cars in India if only...

Rediff.com4 days ago

Mercedes-Benz India's Managing Director & CEO Santosh Iyer stated that demand continues to outstrip supply, particularly for the CLA electric vehicle, with over 1,000 orders and deliveries extending to March-April 2027. The company could have sold an additional 1,000 vehicles if supply had been adequate.

RBI hikes repo rate by 25 bps to 5.50% as per market expectations

RBI hikes repo rate by 25 bps to 5.50% as per market expectations

Rediff.com7 Oct 2026

The Reserve Bank of India on Wednesday raised its policy repo rate by 25 basis points to 5.50 per cent, beginning a rate-hike cycle as rising inflation risks, elevated global yields and resilient domestic growth strengthened the case for tighter monetary policy. The decision by the Monetary Policy Committee marks a shift from its August policy, when it kept the repo rate unchanged at 5.25 per cent and retained a neutral stance while seeking greater clarity on the inflation outlook and growth-inflation balance.

India's UPI Transactions Soar In August, Nearing All-Time Peak

India's UPI Transactions Soar In August, Nearing All-Time Peak

Rediff.com1 Sep 2026

Unified Payments Interface (UPI) transactions in India reached Rs 29.8 lakh crore in August, approaching record levels. Volume also hit a new high of 24.51 billion transactions, driven by festive activities like Raksha Bandhan. The digital payment system continues its rapid growth, expanding its global presence to 11 countries, with further growth anticipated during the upcoming festive season and new use cases like credit on UPI.

Times Square turns yoga hub as thousands join global event

Times Square turns yoga hub as thousands join global event

Rediff.com22 Jun 2026

Thousands of Yoga enthusiasts and practitioners assembled at the iconic Times Square here on Sunday for a day-long session of the ancient Indian practice to commemorate International Day of Yoga.

Trump strikes surprise deal with Putin, Zelenskyy says...

Trump strikes surprise deal with Putin, Zelenskyy says...

Rediff.com10 Oct 2026

Former President Donald Trump's recent deal with Russia to supply diesel to the US and global markets has ignited a political firestorm, drawing sharp criticism from Ukraine's President Volodymyr Zelenskyy, Democratic leaders, and a segment of Republicans, despite the US Treasury lifting sanctions on Russian diesel supplies.