Lecture on future of AI in e-commerce organised
Samuel Galla, Senior Regional Director at LTI Mindtree Technology, Frankfurt, Germany, was the keynote speaker for the session. Sharing his global insights, Galla spoke on the transformative potential of Artificial Intelligence in redefining e-commerce, digital platforms, and economic models across the world.
Principal Dr Ramachandra RK, who chaired the session, highlighted the increasing relevance of AI in modern business and academic spheres. Vice-Principal Dr Sri Rama Murthy underscored the vital role of e-commerce in reshaping consumer behaviour and global trade.
The programme was coordinated by Dr PVV Satyanarayana, with IQAC Coordinator Dr AA Annapurna and Convenor Dr B Prathima contributing to the discussions. Faculty members including Dr P Sunanda, V Ramesh Krishna, B Sujatha, and DB Sankar Reddy were also present.
Over 125 students participated in the event, engaging actively in the discussions and gaining valuable insights into the evolving digital landscape.
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Business Standard
4 days ago
- Business Standard
No additional tariffs by US on Indian pharma, electronics so far: Govt
The government on Tuesday said no additional tariffs have been imposed on Indian exports to the US in sectors like pharmaceuticals, and electronics so far. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said reciprocal tariff at the rate of 25 per cent has been imposed on certain goods exported from India to the US, effective August 7. It is estimated that around 55 per cent of the total value of India's merchandise exports to the US is subjected to this reciprocal tariff, he said, adding that additional ad valorem rate of duty of 25 per cent with effect from August 27 has been imposed on certain goods exported from India. "No additional tariffs have been imposed on Indian exports to the US in sectors like pharmaceuticals, and electronics as yet," Prasada said. He also said the government is engaged with all stakeholders, including exporters and industry, for taking feedback of their assessment of the impact from the reciprocal tariffs imposed by the US. "The government attaches utmost importance to protecting and promoting welfare of farmers, workers, entrepreneurs, exporters, MSMEs and all sections of industry," Prasada said. He added that India is involved in the discussions on the India-US bilateral trade agreement (BTA) with the US with the aim to expand trade and investment through tariff stability and long-term trade predictability. The negotiations are on since March 2025. So far, five rounds of negotiations have been held. The last was from July 14-18 in Washington. For the sixth round of talks, the US team is scheduled to visit India on August 24. In a separate reply, the minister said the government continues to monitor the impact of additional tariffs imposed by the US on exports from India. "The Department of Commerce is engaged with stakeholders to help reduce the impact through export promotion and diversification measures," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
5 days ago
- Time of India
India can't cross certain red lines: Top officials to Parliamentary panel on trade negotiations with US
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: Top officials of the central government, involved in tariff negotiations with the US, suggested that it is a tough phase in trade relations and there are some red lines which India cannot cross, while asserting that India is committed to engage constructively to resolve all outstanding issues with the US through dialogue and mutual also addressed the concerns regarding purported dip in Indo-US relations underlining that trade is just one aspect of the relations and it needs to be taken into consideration that President Donald Trump approved extradition of Tahawwur Rana during Prime Minister Modi's visit, designated The Resistance Front as a terrorist organisation and took the lead in UN Security Council condemning the Pahalgam terrorist attack Foreign Secretary Vikram Misri, Commerce Secretary Sunil Barthwal, Special Secretary in Department of Commerce Rajesh Agrawal, also the India's chief negotiator on the trade deal with US, along with several other officials of the Union government briefed the parliamentary panel on external affairs chaired by Congress MP and former Union minister Shashi Tharoor . Officials from the commerce ministry made the presentation to the panel and also talked about the measures taken to mitigate the impact of US Department of Commerce is working on export diversification strategy to tap the potential of India's trade agreements with the UAE, Australia, ASEAN, Japan, Korea and Mauritius and is also working on to leverage opportunities with new trade partners such as EFTA and UK, sources said citing the commerce ministry note to the are being intensified to speedily conclude ongoing negotiations with the EU, they said. Responding to the panel's queries, officials from the commerce ministry suggested that it is a tough phase in Indo-US trade relations while officials from external affairs ministry said there are certain red lines which India cannot cross. Officials also underlined that India's position on tariffs is firm but constructive. And India is regrettably, being drawn into a geopolitical contest that is neither of its making nor one in which it seeks to take unilateral, punitive measures on third countries only serve to erode trust and distort global trade norms. The US decision underscores an unfortunate persistence of double standards in some quarters of the international community, sources in the panel said, citing the notes shared by the officials.
Indian Express
5 days ago
- Indian Express
More than half of India's exports to US face Trump's 25% reciprocal tariff
With the US' reciprocal tariff of 25 per cent on India having come into effect from August 7, the Indian finance ministry has estimated that more than half of the country's merchandise exports to the US are subject to the same. 'It is estimated that around 55% of total value of India's merchandise exports to the US will be subject to this reciprocal tariff,' Minister of State for Finance Pankaj Chaudhary told the Lok Sabha on Monday. In 2024, India's merchandise exports to the US totalled $87.3 billion, resulting in a trade surplus of $45.8 billion. 'It may be noted that reciprocal tariffs at varying rates have been imposed by the US on imports from all countries. Combination of different factors such as product differentiation, demand, quality, contractual arrangements would determine the impact on India's exports,' Chaudhary added in his reply to a question asking if the government had made any assessment on the impact of the US' reciprocal tariff threat on Indian goods. In a post on social media platform Truth Social on July 30, US President Donald Trump announced a 25 per cent tariff on Indian goods, with an additional but unspecified 'penalty' for importing energy and defence items from Russia. On August 6, the penalty was clarified to be an additional 25 per cent tariff that will be effective from August 27. As such, from that date, the tariff on Indian goods entering the US will be 50 per cent. Chaudhary's reply to the Lok Sabha question on Monday made no mention of the impact of the 25 per cent penalty or what proportion of India's exports would be subject to it. 'The Department of Commerce is engaged with all stakeholders including exporters and industry for taking feedback of their assessment of the situation. The Government attaches the utmost importance to protecting and promoting the welfare of our farmers, entrepreneurs, exporters, MSMEs etc. and will take all necessary steps to secure our national interest,' the minister further said. Certain items from various nations are exempt from the US' tariffs until the so-called investigations under Section 232 of the Trade Expansion Act of 1962 are completed. These investigations look into the effect of various imports on US national security. Currently, the US' Bureau of Industry and Security has nine active Section 232 investigations, including for pharmaceuticals and pharmaceutical ingredients. The pharma investigation is particularly crucial from an Indian point of view, with the US accounting for about a third of India's pharma exports of $30 billion in 2024-25. Economists have warned that the US' cumulative 50 per cent tariff could hurt India's growth. In an interview to The Indian Express, Tanvee Gupta Jain, UBS' Chief India Economist, said the 50 per cent tariff has put at risk $30 billion-$35 billion worth of New Delhi's exports to the US. This, Jain said, could lead to GDP growth being lower by almost a full percentage point over Siddharth Upasani is a Deputy Associate Editor with The Indian Express. He reports primarily on data and the economy, looking for trends and changes in the former which paint a picture of the latter. Before The Indian Express, he worked at Moneycontrol and financial newswire Informist (previously called Cogencis). Outside of work, sports, fantasy football, and graphic novels keep him busy. ... Read More
