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The Hindu
6 hours ago
- Entertainment
- The Hindu
Nayaab Edit 2025: A Showcase of Indian Heritage Textiles Comes to Chennai
The Nayaab Edit, which was launched in 2015 in New Delhi by textile connoisseur Rupa Sood, has been dedicated to the revival of India's forgotten heritage textiles. Since its inception, Rupa has curated a platform that showcases exceptional craftsmanship, and has worked on bringing together designers, artisans, and textile revivalists committed to preserving and innovating traditional techniques. Chennai will host the Nayaab Edit on August 7 and 8 at WelcomHotel by ITC hotels. The upcoming edition features a mix of textile installations, apparel collections, and panel discussions. Making its debut at Nayaab, Metaphor by Chandrasekhar brings a fresh perspective to artisanal clothing, blending zero-waste philosophy with conceptual design. New Delhi-based Nila House continues its mission of sustainable craft revival, supporting artisan communities and reviving endangered techniques such as natural dyeing and handloom weaving. They will showcase their macramé work using jute and cotton yarn. Also part of the showcase are design labels like Myra by Anju Narain, Half Full Curve, Chandrima, and Lajjoo C, each offering contemporary interpretations of traditional crafts including chikankari, zardozi, and mukaish. The exhibition offers an immersive experience for anyone interested in the evolving narrative of Indian textiles. 'These weavers and artisans give a modern take on our heritage crafts and weaving. The highlight at the upcoming edition will be Swati Kalsi's intricate work with Sujani embroidery from Bihar. She will present an immersive design installation on both days, ' says Rupa. An audio-visual presentation by Swati Kalsi, presented by Sunita Sahaney, will be screened at the venue on August 7 at 4.30pm, and she will also participate in a conversation exploring the intersection of design, art, and craft, after the screening. @Welcomhotel by ITC Hotels, Cathedral Road. August 7 & 8. 10:30 am to 7:30 pm. All are welcome.
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Business Standard
a day ago
- Business
- Business Standard
Section 232 returns: Trump's tariff hits $360-mn Indian copper exports
In a sweeping new trade measure, US President Donald Trump has signed a proclamation imposing a 50 per cent tariff on copper imports effective 1 August, citing national security concerns under Section 232 of the Trade Expansion Act of 1962. The tariff, announced amid a broader re-emergence of Trump's protectionist trade agenda, is aimed at reducing the United States' reliance on foreign copper. Washington argues that such dependence poses a risk to critical domestic sectors such as defence, clean energy, power infrastructure, and semiconductors. India among impacted exporters India exported $360 million worth of copper products to the US in FY25, comprising plates, tubes, and other semi-finished forms. These shipments will now become significantly more expensive for US buyers. However, since the tariff applies uniformly to all countries—including US allies such as Japan and the European Union (EU)—India is unlikely to be specifically disadvantaged compared to other global exporters. According to a research brief by New Delhi-based think tank Global Trade Research Initiative, the policy could end up hurting the US economy more than its intended targets. 'Copper is a foundational raw material for electric vehicles, power grids, semiconductors, and defence electronics. A sudden 50 per cent hike in input costs will ripple through these sectors—slowing production, raising prices, and undermining the US clean energy transition,' the brief stated. What is Section 232? Section 232 of the US Trade Expansion Act of 1962 allows the President to impose tariffs or quotas if imports are deemed to threaten national security. The process begins with a Department of Commerce investigation, which includes public input and ends with a report to the President within 270 days. The President then has 90 days to determine whether and what action to take. Although statutory timelines are fixed, investigations are often accelerated under exigent circumstances. Trump, known for invoking Section 232 during his first term, previously used it to impose: A 25% tariff on steel and 10% on aluminium in 2018; Increased both to 50% in June 2025; A 25% tariff on automobiles and auto parts in April and May this year. The latest copper tariff is seen as part of a broader trade reconfiguration strategy. More industries under review The Trump administration has launched additional Section 232 investigations covering: Lumber Pharmaceuticals Semiconductors Critical and processed minerals Commercial aircraft and jet engines Trucks and truck parts The ongoing semiconductor investigation, launched in April 2025, has already been expanded to include consumer electronics such as smartphones and laptops. The findings are expected within two weeks, and trade experts warn of potential spillover effects on India's iPhone exports to the US if these are deemed to pose a national security threat. While the new copper tariff may align with Trump's political strategy of reshoring industrial supply chains, its downstream effects on the US defence, clean energy, and technology ecosystems could be far-reaching. For India, the move adds a new layer of complexity in its export growth strategy, particularly as it expands its presence in global manufacturing supply chains.
Mint
a day ago
- Business
- Mint
Join Mint webinar on 'Power, Trade & the Global Order' to decode Trump tariffs
In our interconnected world, geopolitics and geoeconomics are now so immeasurably intertwined. In fact, it's geoeconomics that is driving geopolitics. Here's an example: in a 'Trumpian world' where punitive tariffs are friend-and-foe-agnostic, countries are looking at China to hedge their bets and reduce potential threats from the US. And another: de-risking, a term earlier used in the context of China, is today being increasingly used in the context of the US. Geoeconomic risks, therefore, are resulting in some creative utilitarian partnerships. With President Donald Trump now officially slapping a 25% tariff—and an added 'penalty'—on Indian goods starting 1 August, the stakes have dramatically risen. These tariffs, aimed at India's 'obnoxious' trade practices and ties with Russia, could severely impact key export sectors like textiles, auto parts, and food products. In light of this, Mint's webinar titled 'Power, Trade & the Global Order' will explore the road ahead. Can India and the US still find common ground on contentious issues like agricultural access and digital regulation? Or has Trump's move reset the clock on 25 years of strategic engagement? Arun K Singh, former Indian Ambassador to US, France & Israel Arun K Singh has served as India's ambassador to three key countries – US, France and Israel. Throughout his distinguished 37-year career in the Indian Foreign Service, Ambassador Singh has also served in other pivotal roles, most notably as the desk officer in the Ministry of External Affairs in New Delhi in charge of Pakistan, Iran and Afghanistan in the crucial period following 9/11. Post retirement, he was named Member of India's National Security Advisory Board over 2021-22. Currently, Ambassador Singh is a Senior Counsellor at The Cohen Group, a Visiting Professor at Ashoka University, and a Non-Resident Senior Fellow at Carnegie India. He holds a Masters Degree in Economics from Delhi University; his areas of specialization includes econometrics, development policy, macroeconomics and Indian economic history. He taught Economics at St. Stephen's College of University of Delhi, before joining the Indian Foreign Service in 1979. Ajay Srivastava founded the New Delhi-based think tank GTRI, which he set up after a long and distinguished career as a government official. He left government service in March 2022. GTRI focuses on climate change, technology and trade. As a long-time Indian Trade Service officer, he has experience in trade policy making, WTO and FTA negotiations. Elizabeth Roche joined the Jindal School of International Affairs after working as a journalist for almost three decades. She has worked as foreign affairs correspondent and editor across formats in a number of Indian and foreign media organizations, including Reuters TV, AFP, and Mint. At Mint, she helmed coverage of Indian foreign and defence policy for more than a decade as Editor - Foreign Affairs.
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Business Standard
a day ago
- Business
- Business Standard
PNB to focus on project financing to revive business loan growth: CEO
Punjab National Bank will focus on financing infrastructure, smart metering and renewable energy projects to revive its business loan growth, CEO Ashok Chandra said on Wednesday. The New Delhi-based company, India's second-largest state-owned lender by market value, had said earlier this year that it was targeting 11 per cent-12 per cent of overall loan growth in FY26. However, the bank's loans to businesses, which make up nearly 43 per cent of PNB's domestic advances, grew only 6.9 per cent in the first quarter ended June. Its loans to medium-and-small businesses rose 18.6 per cent and retail loans grew 11.8 per cent, which helped the overall domestic loans increase 9.6 per cent, but it fell short of the target range. "Subdued growth (in business loans) was because (of) some low-yielding this year will be on project financing," Chandra told Reuters in an interview, adding that the lender was once "very active" in this space and is now looking to revive it. Apart from project financing, the bank will also target sectors such as real estate, rental discounting and data centres for lending opportunities, Chandra said. The lender on Wednesday reported a net profit of ₹1,675 crore for the first quarter, down 48 per cent from 32.52 billion rupees a year earlier. The fall in profit was mainly due to a one-time charge of ₹3,324 crore, as a result of a change in tax regime. PNB's profit before tax rose around 28 per cent. The gross non-performing asset ratio declined to 3.78 per cent in the quarter from 3.95 per cent in the previous three months. The bank is on track to reach its gross non performing assets ratio level of below 3 per cent, which would be PNB's lowest on record, and meet its recoveries target of 160 billion rupees by FY26, Chandra said. (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
2 days ago
- Business
- Time of India
State changes tack, seeks revised proposal for Goa-Tamnar power line
Bengaluru: Karnataka appears to be reconsidering its stand on permitting a transmission line passing through the ecologically sensitive forests of Western Ghats to supply power to southern Goa, as it awaits the neighbouring state's approval for the ambitious Kalasa-Banduri project. Under increasing pressure, the state govt has asked New Delhi-based Goa-Tamnar Transmission Project Ltd to resubmit its proposal with an alternative alignment aimed at minimising tree felling. The firm had submitted a proposal seeking diversion of 174.6 hectares of forest land in Dharwad, Haliyal, and Dandeli for a 400Kv quad transmission line. But in March last year, forest minister Eshwar Khandre rejected the proposal, while directing the additional chief secretary (forests) to issue notices to all forest officials who recommended the project. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Now, in a U-turn, the ACS (forests), on instructions from Khandre, has directed principal chief conservator of forests (head of the forest force) to ask the firm to submit a revised proposal incorporating an alternative alignment and the latest technology to minimise tree felling. Subsequently, PCCF (forest conservation) wrote to chief conservators of forests (CCFs) of Belagavi, Dharwad, and Kanara circles on the issue. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa Prices in Dubai Might Be Lower Than You Think! Villa for sale in Dubai | Search Ads Learn More Undo Recently, deputy chief minister DK Shivakumar had also personally met Bhupendra Yadav, Union minister for environment, forest and climate change, and demanded speedy approval for the Kalasa-Banduri project along with several other projects awaiting forest clearance. This sudden change in stand has caught conservationists by surprise especially since CM Siddaramaiah wrote to Prime Minister Modi in Sept 2024, refusing permission for the Goa-Tamnar project until Goa lifts its objections to the Kalasa-Banduri project. "Be it the railway proposal or power transmission line, the govt should not yield to pressure from anyone," said a conservation activist from Dandeli. "Given the area's susceptibility to landslides and climate change, the state must not allow diversion of such huge tract of forest land in an ecologically sensitive region like Western Ghats. The govt must not soften its stand." However, Khandre insisted that there is no change in his govt's stand. "We have only directed the user agency to submit a fresh proposal with an alternative alignment so that not many trees are felled," he said. "If Goa gives its nod for Kalasa-Banduri project, we may be forced to approve the transmission project. In anticipation of such a scenario, we want to ensure that our flora and fauna is not burdened."
