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The Hindu
23 minutes ago
- The Hindu
Indian Chamber of Commerce and Industry, Coimbatore, to organise programmes on AI for businesses
With businesses increasingly turning to artificial intelligence (AI), the Indian Chamber of Commerce and Industry, Coimbatore, plans to organise awareness events and sessions on AI, especially for Micro, Small and Medium-scale Enterprises (MSMEs). The larger industries have consultants. The MSMEs need support to understand the applications of AI and how they can leverage it. The upcoming businesses in different verticals want the Chamber to have AI as one of its focus areas, said Rajesh B. Lund, president of the Chamber. At the annual general meeting of the Chamber held in Coimbatore on Monday, a set of resolutions urged the governments to strengthen broadband infrastructure in rural and remote areas, regulate AI for business security, explore the possibility of promoting AI research and commercialisation in Coimbatore, support self-regulatory initiatives for responsible Al before a legal framework is established, and extend financial support and incentivise AI research, development, and innovation, modelling these initiatives on successful practices from other States and countries. The Chamber has also sought immediate construction of an interim arrival terminal and a separate international enclosure. It was decided at the annual meeting to take up with the Central and State governments to take steps for widening of the existing runway and expand the Coimbatore International Airport, designate the airport as a hub and spoke airport, establish additional Customs counters, and expand the arrival and departure terminals and parking bays. The Coimbatore Airport should be listed as a point of call airport in the Bilateral Air Service Agreement (BASA) with ASEAN countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam) to provide access for both international and Indian carriers. It should be reinstated as a point of call in the BASA with the UAE to facilitate direct flights and from Coimbatore and Dubai, the Chamber said. Mr. Lund was re-elected president of the Chamber for 2025-26.
Time of India
23 minutes ago
- Time of India
‘Existential issues not just Europe's concern': India counters Western pressure on Russian oil
As Prime Minister Narendra Modi prepares for his upcoming visit to the United Kingdom, Foreign Secretary Vikram Misri has pushed back against renewed Western criticism over India's continued imports of Russian oil. Speaking to reporters on Tuesday, Misri emphasised that India's energy security remains a fundamental priority and warned against viewing the global energy crisis through a narrow, Eurocentric lens. While acknowledging the gravity of the security crisis in Europe stemming from Russia's war in Ukraine, Misri stressed that other parts of the world are facing their own urgent and potentially existential challenges — many tied to energy affordability and access. "On energy-related issues itself, also, as we have said previously, it is important not to have double standards and to have a clear-eyed perception of what the global situation is insofar as the broader energy market is concerned... We do understand that there is an important and serious security issue that is confronting Europe, but the rest of the world is also there. It is also dealing with issues that are existential for the rest of the world, and I think it's important to keep balance and perspective when talking about these issues," Misri was quoted as saying. He argued for a balanced, globally inclusive perspective on energy policy and warned against double standards in applying sanctions or pressuring energy partners. EU sanctions put India's oil exports at risk His remarks come as the European Union rolls out a fresh round of sanctions targeting Russia's oil revenues. The new restrictions — aimed at curbing Moscow's ability to finance its war effort — include tighter controls on fuels derived from Russian crude, a lower price cap, and new banking penalties. Among the targets is an Indian refinery operating in partnership with Russian energy giant Rosneft, raising concerns about collateral damage to India's energy trade. The EU's crackdown is expected to affect countries like India, Turkey, and the UAE, which process Russian crude and export refined products such as diesel and jet fuel — often to European buyers. Analysts warn that this could pose a direct threat to India's export earnings. According to trade policy think tank GTRI, India's petroleum product exports to the EU have already fallen sharply — from $19.2 billion in FY24 to $15 billion in FY25, a drop of over 27per cent. The EU's new sanctions may further squeeze India's $5 billion in oil-derived exports to the bloc, especially since they now prohibit imports of refined fuel made from Russian crude, even if processed outside Russia. At the same time, India's reliance on Russian oil has grown. In FY2025, India imported over $50 billion worth of crude oil from Russia — making up more than a third of its total oil import bill of $143 billion. U.S. threatens harsh tariffs on Russian oil buyers Meanwhile, Washington has also adopted a tougher stance. US President Donald Trump and several U.S. lawmakers have threatened punitive trade measures against countries like India, China, and Brazil for maintaining energy ties with Moscow. Senator Lindsey Graham, speaking on Fox News, warned that the U.S. would impose steep tariffs on nations buying Russian oil, accusing them of enabling the war through "blood money." Trump has gone a step further, saying the U.S. would levy 100per cent secondary tariffs on any country continuing to import Russian fossil fuels, unless Russian President Vladimir Putin agrees to a peace deal within 50 days. His remarks came during a meeting with NATO officials, signaling that this could become a key foreign policy position in a potential second Trump administration.
Time of India
23 minutes ago
- Time of India
Europe's hydrogen infrastructure faces 2-3 year delay, Enagas CEO says
Madrid: The deployment of pipes and other infrastructure to ship hydrogen across Europe faces delays of two or three years, the head of Spanish gas grid operator Enagas said on Tuesday. The firm is among the staunchest supporters of the green hydrogen industry , which uses renewable energy for its production. Earlier this year, Enagas pledged to invest more than 4 billion euros by the end of the decade, mostly to diversify into managing a network of hydrogen infrastructure. It plans to build a 2,600 km (1,615 mile) hydrogen network in Spain to be connected to the planned trans-European H2Med corridor aimed at connecting the Iberian region with northwest Europe. Enagas still expects the Spanish network to be ready by 2030. However, at the European level delays of two or three years are likely, Chief Executive Arturo Gonzalo said. "Are there delays in Europe? I would say delays of a very limited member states are setting the launch date for their hydrogen infrastructures between 2030 and 2032," he said.
