News for 'The Economic Times'

How Cloud And AI Can Propel India's Economic Growth

How Cloud And AI Can Propel India's Economic Growth

Rediff.com7 Sep 2026

Arundhati Bhattacharyya, Salesforce President and CEO for South Asia, highlighted how cloud and AI are democratising capabilities, offering India a unique opportunity to leapfrog in the technology revolution. Speaking at the IMC Chamber of Commerce, she emphasised that AI will create more jobs by addressing unmet business demands and could significantly boost India's GDP, with NITI Aayog estimating a USD 500-600 billion addition by 2035. She urged Indian businesses to transform using technology, focus on data, redesign work, and invest in skills, stressing that AI is not just for large corporations.

Trump announces 'Economic D-Day' against Iran, warns countries helping Tehran

Trump announces 'Economic D-Day' against Iran, warns countries helping Tehran

Rediff.com20 Aug 2026

US President Donald Trump has declared an 'economic D-Day' against Iran, unveiling what he terms the 'most crushing economic operation ever taken' and warning global entities against providing any support to Tehran.

'Reservation Must Be Decided Purely On Economic Grounds'

'Reservation Must Be Decided Purely On Economic Grounds'

Rediff.com31 Aug 2026

'The day we start making rules purely along caste lines, we only divide society further. That's the conversation the government needs to have, and soon.'

All Iranian airlines to be shut down globally from Sept 23: US

All Iranian airlines to be shut down globally from Sept 23: US

Rediff.com1 days ago

United States Treasury Secretary Scott Bessent has warned that Iranian airlines could be effectively shut out of international travel from Wednesday, September 23, as Washington threatens secondary sanctions against foreign companies that continue providing services to Iran's carriers.

AI-led pricing pressure to drive consolidation among mid-tier IT firms

AI-led pricing pressure to drive consolidation among mid-tier IT firms

Rediff.com1 days ago

India's IT services industry is witnessing a surge in mergers and acquisitions, particularly among mid-cap companies, as AI-led pricing pressure and macroeconomic uncertainty compel firms to seek scale, capabilities, and broader market reach. This trend is exemplified by the recent merger of Happiest Minds Technologies and ITC Infotech, aiming to offer end-to-end solutions and compete for larger transformation programmes.

Western Australia Premier Highlights Cricket's Role In Strengthening India-Australia Relations

Western Australia Premier Highlights Cricket's Role In Strengthening India-Australia Relations

Rediff.com4 days ago

Western Australia Premier Roger Cook emphasised cricket's pivotal role in enhancing India-Australia relations, fostering business development, economic ties, and trade. He highlighted the upcoming Big Bash League match in Chennai and the opening of the University of Western Australia campus in Mumbai as key initiatives strengthening bilateral cooperation and cultural exchange.

MMA Fighter Varun Sanyal's Unforgettable Asian Games Debut

MMA Fighter Varun Sanyal's Unforgettable Asian Games Debut

Rediff.com1 days ago

Indian MMA fighter Varun Sanyal faced a challenging Asian Games debut, marked by logistical issues and a medical disqualification due to a weight-cutting incident. Despite the setback, Sanyal, an Indian citizen with Singapore PR, shares his journey in MMA, his 'fighting nomad' lifestyle, and his aspirations for Indian fighters.

BRICS represents 50% of world population, 40% of GDP: Ramaphosa

BRICS represents 50% of world population, 40% of GDP: Ramaphosa

Rediff.com12 Sep 2026

South African President Cyril Ramaphosa on Friday described BRICS as an important global forum, highlighting the grouping's growing demographic and economic weight and noting that its members account for around half of the world's population and 40 percent of global GDP.

India must prioritise 'speed of doing business' for sustained growth: CII President

India must prioritise 'speed of doing business' for sustained growth: CII President

Rediff.com6 days ago

India needs to move beyond ease and cost of doing business and focus on the "speed of doing business" as the next leg of reforms to sustain economic growth and private investment, Confederation of Indian Industry (CII) President R Mukundan said.

The Importance Of Veer Guardian

The Importance Of Veer Guardian

Rediff.com2 days ago

The political confidence required to place high-end Japanese aircraft and personnel on Indian soil is itself a data point.
It indicates a level of trust that would have been difficult to imagine when India-Japan defence ties were largely symbolic, explains Varun Arya.

Karnataka assembly rejects Kasturirangan report on Western Ghats

Karnataka assembly rejects Kasturirangan report on Western Ghats

Rediff.com23 hours ago

The Karnataka Assembly has passed a resolution rejecting the K Kasturirangan report on Western Ghats conservation in its current form. The state government urged the Centre to address deficiencies, particularly concerning the inclusion of agricultural lands and human settlements in Environmentally Sensitive Areas (ESA) without proper physical surveys or livelihood support.

Iranian President urges BRICS to end Western dominance

Iranian President urges BRICS to end Western dominance

Rediff.com13 Sep 2026

Iranian President Masoud Pezeshkian urged BRICS nations to expand trade in national currencies and build an inclusive global economic framework. He criticised "unilateral sanctions" by Western powers, stating they make emerging economies vulnerable and impact global food security. Pezeshkian emphasised BRICS' role in creating a balanced world order and highlighted Iran's geopolitical and energy capacities for cooperation.

CBIC plans wider AI use, unified portal to ease Customs compliance: Chairman

CBIC plans wider AI use, unified portal to ease Customs compliance: Chairman

Rediff.com6 days ago

The Central Board of Indirect Taxes and Customs (CBIC) is set to significantly increase its use of artificial intelligence (AI), machine learning (ML), and real-time analytics in Customs processes, aiming for a near-touchless, near-digital clearance experience, according to Chairman Vivek Chaturvedi.

Gautam Adani overtakes Mukesh Ambani as India's wealthiest, billionaire population hits record 391

Gautam Adani overtakes Mukesh Ambani as India's wealthiest, billionaire population hits record 391

Rediff.com3 hours ago

Gautam Adani and family have reclaimed the top spot on India's rich list, surpassing Mukesh Ambani, as the nation's billionaire population reached a record 391, according to the M3M Hurun India Rich List.

How IIT-Kanpur's AI System Can Revolutionise Welfare Delivery

How IIT-Kanpur's AI System Can Revolutionise Welfare Delivery

Rediff.com8 Sep 2026

IIT-Kanpur has developed an AI-powered "Family Score" system to identify households needing welfare support using existing government data. This system, demonstrated in collaboration with the Andhra Pradesh government, aims to provide a faster and more cost-effective alternative to traditional surveys for assessing socio-economic conditions and ensuring targeted welfare delivery.

Putin pitches NDB investment platform to deepen BRICS trade, technology ties

Putin pitches NDB investment platform to deepen BRICS trade, technology ties

Rediff.com11 Sep 2026

Russian President Vladimir Putin has proposed a new investment platform, based on the New Development Bank (NDB), to fund projects in trade, infrastructure, logistics, and technology across BRICS nations, emphasising that the grouping's expanding economic cooperation is not 'against anyone' but aims to advance members' national interests.

How BRICS evolved from an acronym to a major global powerhouse

How BRICS evolved from an acronym to a major global powerhouse

Rediff.com10 Sep 2026

This article details the quarter-century journey of BRICS, from its inception as an economic acronym by a Goldman Sachs economist to its current status as an expanded eleven-member international bloc. It highlights its growth, key historical moments, and the significance of its upcoming summit, particularly with Iran's renewed importance in discussions.

Probe Into Granite Baron POCSO Case Uncovers More Victims

Probe Into Granite Baron POCSO Case Uncovers More Victims

Rediff.com5 days ago

The ongoing police investigation into the POCSO case against granite baron R Veeramani has led to the identification of multiple survivors, many of whom were minors and from economically underprivileged backgrounds when allegedly assaulted. Charges under the SC/ST (Prevention of Atrocities) Act have been added, and Veeramani has been granted three days police custody for questioning within the prison due to his age and health.

Leaked images show damaged US bases in Iranian strikes

Leaked images show damaged US bases in Iranian strikes

Rediff.com6 days ago

New photographic evidence and a Pentagon inspector general's report confirm extensive damage to US military installations across the Middle East due to Iranian missile and drone strikes. The report details billions in financial costs, structural losses to hundreds of buildings, and damage to dozens of aircraft, contradicting previous assertions about US military readiness and ordnance stockpiles. The conflict also led to disruptions in the Strait of Hormuz, impacting global oil prices.

India on watch as Trump may sign Russia sanctions bill today

India on watch as Trump may sign Russia sanctions bill today

Rediff.com4 days ago

US President Donald Trump is expected to sign the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 later on Friday (local time). A White House official confirmed the development to ANI without revealing further details.

Soaring Iran war bill: How much has the US spent so far?

Soaring Iran war bill: How much has the US spent so far?

Rediff.com3 days ago

The ongoing US conflict with Iran has cost the Trump administration an estimated $45.1 billion, according to a Pentagon estimate provided to the US Congress on Friday, CNN reported, citing two sources familiar with the matter.

Sridhar Vembu: Why India Needs An Independent AI Strategy

Sridhar Vembu: Why India Needs An Independent AI Strategy

Rediff.com11 hours ago

Zoho cofounder Sridhar Vembu dismisses exaggerated fears about AI's catastrophic potential and global development pauses. He advocates for India to adopt an independent AI strategy, fostering partnerships while avoiding entanglement in US-China tech rivalry. Vembu stresses extensive investment in foundational R&D across sectors, distinguishing it from costly frontier AI model development. He also highlights concerns about AI's impact on human judgment, skill erosion, and job disruption, particularly in software engineering, while remaining optimistic about new economic opportunities.

Modi at BRICS: Global South must be 'rule shaper, not follower'

Modi at BRICS: Global South must be 'rule shaper, not follower'

Rediff.com13 Sep 2026

Prime Minister Narendra Modi, addressing the BRICS summit, called for a fundamental shift in global governance, advocating for the replacement of the current 'pyramid of privilege' with a 'platform of partnership' where the Global South becomes a 'rule shaper' rather than a 'rule follower'.

Can Food Prices Cool Before 2026 Ends?

Can Food Prices Cool Before 2026 Ends?

Rediff.com7 days ago

'I don't really expect the August increase in food prices, which was close to 6 per cent, to persist as we go close to the end of this year.'

Have Foreign Investors Lost Faith in India?

Have Foreign Investors Lost Faith in India?

Rediff.com1 days ago

Foreign institutional investors have withdrawn nearly $40 billion from Indian equities in the last two years and, according to Bernstein analysts, have 'little reason' to invest for the long-term, though they may 'return to trade'. The brokerage highlights challenges such as struggling large-caps, disruption from new technologies, and difficulties accessing small- and mid-caps (SMIDs) at an institutional scale.

Article 370 to 'vote chori': When Gyanesh Kumar made headlines

Article 370 to 'vote chori': When Gyanesh Kumar made headlines

Rediff.com3 hours ago

Chief Election Commissioner Gyanesh Kumar is facing significant scrutiny after an investigation revealed objections from his fellow election commissioners, Sukhbir Singh Sandhu and Vivek Joshi, regarding decisions made during the Special Intensive Revision of voter lists. The objections, reportedly made at least 14 times, concerned issues like changes to voter registration forms and centralised control over electoral roll databases, intensifying criticism of Kumar's tenure and the EC's impartiality.

Trump promises $5,000 to every adult American if GOP wins midterms

Trump promises $5,000 to every adult American if GOP wins midterms

Rediff.com10 Sep 2026

President Donald Trump has announced a promise to issue a USD 5,000 dividend to every adult US citizen if Republicans secure victory in both the House and the Senate in the upcoming midterm elections, citing the nation's economic success under his administration.

Sridhar Vembu: Why India Needs An Independent AI Strategy

Sridhar Vembu: Why India Needs An Independent AI Strategy

Rediff.com6 hours ago

Zoho co-founder Sridhar Vembu argues that predictions of AI's catastrophic outcomes are overstated and a global pause in AI development is improbable. He urges India to adopt an independent AI strategy, focusing on extensive foundational R&D across sectors, while remaining wary of market monopolisation attempts by major tech players. Vembu also highlights concerns about AI's impact on human judgment, skill development, and job markets, particularly for junior professionals.

Why Is Colombo Still Biased Against Jaffna?

Why Is Colombo Still Biased Against Jaffna?

Rediff.com6 days ago

'The way the government behaves, sometimes I ask myself: Are not Tamils Sri Lankans too? Why do you discriminate so much?'

India's tricolour embarks on global time-zone relay from Fiji on I-Day

India's tricolour embarks on global time-zone relay from Fiji on I-Day

Rediff.com15 Aug 2026

India launched 'Suryapath Tiranga', a unique initiative involving over 50 Indian missions globally, to digitally relay images of the tricolour across multiple time zones, starting from Fiji, to mark the country's 80th Independence Day.

Mayawati's younger nephew named BSP as national coordinator

Mayawati's younger nephew named BSP as national coordinator

Rediff.com6 hours ago

The Bahujan Samaj Party (BSP) has appointed Ishan Anand, Mayawati's younger nephew, as its new national coordinator. This decision follows the removal of his elder brother, Akash Anand, from all party responsibilities. The appointment was made at a national executive meeting, where Mayawati reiterated the party's commitment to avoiding dynastic politics.

UK Boosts Maritime Ties With US Torpedo Test

UK Boosts Maritime Ties With US Torpedo Test

Rediff.com1 days ago

The UK has successfully test-fired a US torpedo from an undersea drone, marking a significant advancement in submarine technology for the AUKUS partners (UK, US, Australia). This development coincides with Prime Minister Andy Burnham's visit to the UN General Assembly, where he is discussing global challenges like AI, the Ukraine conflict, and West Asia security with international leaders, and announced the UK will host the G20 Leaders' Summit in Manchester next November.

Longer life for clean-fuel vehicles may improve ownership costs

Longer life for clean-fuel vehicles may improve ownership costs

Rediff.com4 Sep 2026

The Indian government's proposal to extend the operating life of certain battery-electric, CNG, and hydrogen vehicles under national permits by five years could significantly improve their total cost of ownership (TCO) and residual values, according to industry experts.

India's exports jump over 26% in August; trade gap shrinks to five-month low

India's exports jump over 26% in August; trade gap shrinks to five-month low

Rediff.com7 days ago

India's exports saw a significant increase of 26.12 per cent to USD 43.81 billion in August, leading to a narrowed trade deficit of USD 26.86 billion, driven by strong demand from key global markets and diverse sectors.

India initiates anti-dumping probes against Chinese Glycine and CPVC resin circumvention

India initiates anti-dumping probes against Chinese Glycine and CPVC resin circumvention

Rediff.com1 days ago

India has initiated anti-dumping investigations into imports of Glycine from China, following a complaint by Avid Organics, alleging material injury to domestic manufacturers. Concurrently, a separate anti-circumvention probe has begun concerning CPVC resin from China and South Korea, suspected of being routed through Malaysia, Japan, and Thailand to avoid existing duties.

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.

Sitharaman Slams 'Naraz Foofa Jis' Questioning India's Growth

Sitharaman Slams 'Naraz Foofa Jis' Questioning India's Growth

Rediff.com11 Sep 2026

Finance Minister Nirmala Sitharaman criticised commentators who express pessimism about India's demographic dividend, asserting that the country's youth are actively driving economic growth and innovation. She also highlighted the dual nature of AI and the need for robust safeguards in emerging technologies like quantum computing to balance innovation with safety.

Putin to reach India on Friday to attend key BRICS Summit

Putin to reach India on Friday to attend key BRICS Summit

Rediff.com11 Sep 2026

Russian President Vladimir Putin is set to visit India for a three-day trip to attend the 18th BRICS Summit and engage in bilateral discussions with Prime Minister Narendra Modi. The summit will focus on strengthening strategic partnerships and addressing international issues, with Putin also scheduled to meet other world leaders.

OpenAI, Anthropic Urge AI Slowdown; But Will It Happen?

OpenAI, Anthropic Urge AI Slowdown; But Will It Happen?

Rediff.com1 days ago

'You cannot stop these models from getting better. There is competitive and business pressure and if the US stops then maybe China will go ahead.'

'India Should Stop Listening To The US'

'India Should Stop Listening To The US'

Rediff.com2 days ago

'If you listen to a rowdy in a class, he will keep on bullying you.' 'India can say do whatever you want. We will not compromise on anything.'