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AI May Lead to Wealth Concentration
Business Standard
|August 02, 2025
IT services major Infosys' co-founder and non-executive chairman Nandan Nilekani (pictured) has said that artificial intelligence (AI) is bound to lead to concentration of wealth and power in a few, but pitched for deploying new-age technologies at scale for human betterment.
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Smart use of AI can solve problems of healthcare and education for a billion people, Nilekani said, stressing that he is an optimist who wants to look at the positive side of technology in tackling real issues. "Obviously, there is going to be a concentration of wealth and power with AI. We can't f
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FLERE HISTORIER FRA Business Standard
Business Standard
Shippers expect cost spikes on reroutes, insurance
With the closure of the vital trade route through the Strait of Hormuz by Iran’s Islamic Revolutionary Guard Corps (IRGC) amid the country’s military conflict with Israel and the United States (US), India’s shippers and freight players are expecting West Asia-bound cargo to pile up at ports, and cost spikes owing to rerouting and insurance.
2 mins
March 02, 2026
Business Standard
Believe in neither overregulation nor underregulation: Sebi chief
Securities and Exchange Board of India Chairman Tuhin Kanta Pandey, who has completed his first year at the helm, speaks to Khushboo Tiwari and Samie Modak in an interview in Mumbai about rebuilding trust, reviewing conflict-of-interest safeguards, the evolving approach to F&O regulation, and Sebi's long-term priorities anchored in what he calls the \"four Ts\". Edited excerpts:
1 min
March 02, 2026
Business Standard
India faces oil shock as Iran war intensifies
US and Israeli strikes that killed Ayatollah Ali Khamenei have deepened open conflict with Iran and rattled West Asia, disrupting sea routes via Strait of Hormuz, fuelling oil price spike and setting up turbulent Monday for Indian equities
3 mins
March 02, 2026
Business Standard
Govt to meet exporters, shipping firms today
‘The commerce ministry has convened a meeting of exporters, shipping lines, freight forwarders, and officials from other ministries on Monday to assess the impact of escalating tensions in the West Asia region on India'strade, an official said.
2 mins
March 02, 2026
Business Standard
Visible signs of pickup in private investment cycle: Shaktikanta Das
Indian companies are now on a much stronger financial footing after a multiyear deleveraging cycle, cleaner balance sheets, lower leverage and improved profitability, said Shaktikanta Das, principal secretary to the Prime Minister, at an event.
1 mins
March 02, 2026
Business Standard
Iran war may hit India’s 3-pronged fuel reliance
Timing of the new US-Israel bombing of Iran and Tehran's response couldn't be worse for India
4 mins
March 02, 2026
Business Standard
Women journalists on the frontlines
World War II had ended, and Martha Gellhorn had changed.
3 mins
March 02, 2026
Business Standard
Govt's decision on fortified rice welcomed by civil groups
The government's abrupt decision last week to stop the much publicised scheme to distribute fortified rice through the Public Distribution System (PDS) has not only stunned the rice kernel producers but also taken civil society groups by surprise.
2 mins
March 02, 2026
Business Standard
Rice mountains & rising political heat
As Odisha battles procurement protests and Kerala defends bonuses, mounting rice stocks intensify questions over subsidy- fuelled paddy expansion.
5 mins
March 02, 2026
Business Standard
Small, steady steps towards rupee’s internationalisation
The beginning of what could be a multi-decade journey has been made. It will be a slow process, not a hasty one that may cause disruptions
5 mins
March 02, 2026
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