India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
In an e-mail sent to civil aviation minister Ram Mohan Naidu, secretary Samir Kumar Sinha and Airports Authority of India (AAI) chairman Vipin Kumar on Sunday, the Air Traffic Safety Electronics Personnel Association (ATSEPA-India) said the disruption was a result of "technology failure, not manpower shortage," pointing to the obsolete Aeronautical Message Switching System (AMSS) that "lacks redundancy and modern capability." "The recent operational disruptions at Delhi Airport have once again ...Read More >
Sensex up 472 pts, Nifty above 25,600; NALCO share price surges 8%, Torrent Pharma hits record high, Nykaa jumps 5%, Trent down 6%, Lenskart weak debut, sugar stocks gain after export approval. The Indian stock markets are firm through midday on Monday, November 10, with buying across metal and pharma counters lifting sentiment. The Nifty advanced around 140 points to 25,630 levels, while the BSE Sensex rose 470 points to 83,680 levels. Gains in midcap and metal stocks kept the momentum strong, ...Read More >
The Central Bureau of Investigation (CBI) has revealed startling details in its probe into the Tirumala Tirupati Devasthanams (TTD) laddu ghee adulteration case, uncovering that an Uttarakhand-based dairy, which never procured a single drop of milk or butter, managed to supply 68 lakh kg of ghee worth ₹250 crore to the temple trust between 2019 and 2024, according to a report by The Times of India (TOI). Citing the CBI-led Special Investigation Team's (SIT) findings, TOI reported that Bhole Ba ...Read More >
The Indian rupee faced depreciation against the US dollar on Friday, with foreign investors exiting the Indian capital markets. The domestic stock exchange experienced significant sell-offs. Concurrently, crude oil prices were on the rise in global markets. Notably, October saw a deceleration in growth within India's services sector, leading to the rupee's final settlement at 88.66 against the dollar. The rupee declined 3 paise to 88.66 against the US dollar in early trade on Friday as the Amer ...Read More >
Guntur: Chief Minister N Chandrababu Naidu said that the NDA government has been giving top priority for the health of people. He Inaugurated Super Speciality Eye care centre in Sankara Eye hospital in Pedakakani of Guntur district on Sunday. Speaking on this occasion, he praised the services of Sankara Eye hospital being run under the auspices of Kanchi Kamakoti Peetadhipathi Sri Sankara Vijayendra Saraswati Samiji and providing free eye care services including operations to the poor. He said ...Read More >
Indian real estate is set for a significant value surge. Homes worth Rs 6.65 lakh crore are projected for sale in FY 26, a 19% increase. This growth occurs even as unit sales remain steady. Higher apartment prices are driving this value expansion. Luxury and ultra-luxury segments are leading the demand. This trend signals a robust market performance. Homes worth Rs 6.65 lakh crore are expected to be sold in FY 26 a growth of 19% from previous year despite the number of units sold are expected t ...Read More >
India's rapid ethanol shift shows challenges other countries could face. While the Indian government said ethanol usage reduces pollution, some users said it is affecting their mileage and damaging older engines. India's push to blend ethanol with gasoline shows the benefits and challenges of the sustainable fuel efforts being showcased at global climate talks this week. Earlier this year, the Indian government announced that it achieved its goal of mixing 20 per cent of the plant-based fuel w ...Read More >
Union Agriculture Minister Shivraj Singh Chouhan is set for a one-day Odisha visit on Nov 10. He will be the Chief Guest at 'Mandia Dibasa', interact with farmers in Cuttack, and chair a key meeting at ICAR-CRRI to boost agriculture. Union Minister for Agriculture and Farmers' Welfare, and Rural Development, Shivraj Singh Chouhan, will be on a one-day visit to Odisha on November 10 (Monday). During this visit, he will participate in key programmes aimed at enhancing farmers' income, ensuring nu ...Read More >
ReNew Energy Global Plc on Friday said it has secured $331 million (about ₹2,935 crore) in debt from the Asian Development Bank (ADB) to support a clean energy project in Andhra Pradesh. The funding is part of a $477 million financial package for the Andhra project, with the remaining $146 million to be arranged by ADB through other lenders. The project integrates 837 MWp of wind and solar capacity with a 415 megawatt-hour (MWh) battery energy storage system (BESS), ReNew said in a statement. ...Read More >
India's hotel demand is set to outpace supply for the next three years, driving higher prices and occupancies, says ICRA. The rating agency forecasts a 5-6% CAGR in supply vs. 8-10% in demand, with expansion into Tier-II/III cities. Demand for hotels in India is expected to continue to outpace the supply addition, at least over the next three years, rating agency ICRA said Monday, inferring that the demand-supply mismatch augurs well for the pricing environment and occupancies for the key hospi ...Read More >
Chief Justice BR Gavai on Monday lamented the growing trend of making scandalous allegations against a judge when they do not pass orders favourable to one party or the other. The Chief Justice - who will demit office on November 23 - was hearing a contempt of court argument in the N Peddi Raju case, in which the Supreme Court had pulled up Raju for making scurrilous comments against a Telangana High Court judge, Justice Moushumi Bhattacharya. The court closed the case after senior advocate Sa ...Read More >
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Monday chaired the first pre-Budget consultation meeting with country's leading economists in New Delhi in connection with the upcoming Union Budget 2026-27. New Delhi [India], November 10 (ANI): Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Monday chaired the first pre-Budget consultation meeting with country's leading economists in New Delhi in connection with the upcoming Union Budget 2026-27. Th ...Read More >
Mumbai, Nov 10 (PTI) The rupee depreciated 6 paise to settle at 88.71 (provisional) against the US dollar in a muted session on Monday, weighed down by elevated crude oil prices. However, positive domestic equity markets and a soft US dollar cushioned the rupee's downside, forex traders said. At the interbank foreign exchange market, the rupee opened at 88.64 against the American currency, and touched an intraday high of 88.64 and a low of 88.71 against the greenback during the day. The domes ...Read More >
New Delhi, Nov 10 (PTI) NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), on Monday announced a partnership with BENEFIT, Bahrain's leading fintech and electronic financial transactions company, to enable real-time cross-border remittances between India and Bahrain. This linkage will connect India's Unified Payments Interface (UPI) with Bahrain's Electronic Fund Transfer System (EFTS), specifically, Fawri+ service, allowing u ...Read More >
Mumbai: Benchmark stock indices Sensex and Nifty bounced back Monday after three straight days of losses following buying in IT and financial shares and a rally in global peers. The 30-share BSE Sensex benchmark climbed 319.07 points, or 0.38 per cent, to close at 83,535.35. In the intraday session, the index rallied 538.21 points, or 0.64 per cent, to hit a high of 83,754.49. The NSE Nifty advanced 82.05 points, or 0.32 per cent, to settle at 25,574.35. During the day, it climbed 161.15 point ...Read More >
New Delhi, Nov 10 (PTI) Leading AAC blocks and panels maker BigBloc Construction Ltd looks to scale up AAC wall panels operations and increase utilisation as part of a strategic plan to drive growth, a top company official said on Monday. The AAC block market is projected to grow from Rs 4,000 crore in 2023 to Rs 10,000 crore by 2027, driven by rising demand for sustainable construction materials, according to the company. Narayan Saboo, Chairman, BigBloc Construction Ltd said that the company ...Read More >
Mumbai, Nov 10 (SocialNews.XYZ) WeWork India on Monday reported a sharp 96 per cent year-on-year (YoY) decline in consolidated profit after tax (PAT) to Rs 6.4 crore for the second quarter of FY26, compared to Rs 203.7 crore in the same period last fiscal (Q2 FY25). The steep drop in profitability came despite steady revenue growth, indicating higher expenses or one-off costs impacting margins during the quarter. Revenue from operations rose 22.4 per cent YoY to Rs 574.7 crore from Rs 469.5 cro ...Read More >
New Delhi, Nov 10 (PTI) Workmates Core2Cloud Solution on Monday said it has fixed a price band of Rs 200-204 per share for the Rs 69.8 crore initial share sale, which will open for public subscription on November 11. The initial public offering (IPO) will conclude on November 13. The equity shares are proposed to be listed on the BSE SME Platform, with a tentative listing date of November 18, the company said in a statement. The IPO is a combination of a fresh issue of 29.08 lakh equity shares ...Read More >
Hyderabad, Nov 10 (Maxim News): Union Minister Kishan Reddy said that the death of renowned poet and writer Ande Sri is a great loss to the literary world. He recalled that he had the opportunity to participate with Andesri during the Telangana movement. He said that he used to participate in many meetings with him during the Poru Yatra. He recalled that they used to come to his house many times and discuss contemporary issues and politics. Kishan Reddy also said that Andesri used to give him ad ...Read More >
Gandhinagar (Gujarat) [India], November 10 (ANI): Marking the birth anniversary of the Iron Man of India, Sardar Vallabhbhai Patel, the Gujarat government held a grand celebration of Bharat Parv at the Statue of Unity, which has illuminated Ekta Nagar with a magnificent display of vibrant lights, a press release from CMO said. The region was decorated with colourful lights showcasing India's rich cultures and traditions, reflecting the true spirit of unity in diversity. From the grand 182-meter ...Read More >
New Delhi, Nov 10 (SocialNews.XYZ) India is likely to see a compound annual growth rate (CAGR) of 5-6 per cent in premium hotel room additions between FY25 and FY28, as demand is expected to grow at a faster pace of 8-10 per cent, according to a report on Monday. As a result, occupancies across premium hotels are projected to improve by 200 bps to 72-74 per cent, and average room rents (ARRs) to Rs 8,200-8,500 in FY26, 3-6 per cent higher over the previous year, said rating agency ICRA in its r ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin's price struggled to regain momentum last week, hovering just above the $100,000 threshold after a turbulent start to November. The entire market sentiment is somewhat fragile following heavy selling pressure from large holders, and on-chain data points to major whale movements that may be adding to the downtrend. High-profile entities, including the Winklevoss Twins' Gem ...Read More >
There's a variety in how each city is performing. While cities like Delhi-NCR and Chennai have already achieved a large portion of last year's total sales value in just six months, the Mumbai Metropolitan Region appears to be lagging. India's real estate narrative is evolving, as even though the number of homes sold is sluggish, the aggregate value of those transactions is climbing to new heights. Despite global economic pressures, such as commodity volatility and elevated interest rates, fresh ...Read More >
New Delhi, Nov 10 (PTI) The Delhi Police has busted multiple cyber fraud syndicates operating across India, arresting four men involved in large-scale digital arrest and investment fraud rackets and unearthing a Rs 5 crore cryptocurrency trail linked to Dubai-based handlers, an official said on Monday. According to police, multi-state raids were conducted in Delhi, Haryana, Punjab and Uttarakhand, during which several mobile phones, SIM cards, laptops, debit and credit cards, cheque books and o ...Read More >
New Delhi, Nov 10 (PTI) Union Cooperation Minister Amit Shah on Monday launched two mobile applications - Sahakar Digi Pay and Sahakar Digi Loan - for urban cooperative banks, describing digital payment adoption as essential for their survival in an increasingly cashless economy. Addressing a two-day international conference on the urban cooperative credit sector, Shah highlighted the government's efforts to professionalise urban cooperative banks (UCBs) and cooperative credit societies, credit ...Read More >
New Delhi, Nov 10 (UNI) For India's festive shoppers this year, convenience trumped bargain-hunting. A new Paisabazaar survey of over 10,200 consumers reveals a major shift in borrowing behaviour with 42pc respondents choosing lenders offering instant loan disbursal and minimal paperwork over those with the lowest interest rates. In contrast, only 25pc said the interest rate was their top priority. The findings highlight how personal loans are increasingly being used for aspirational and plann ...Read More >
"Masur Dal: Rs 69 per kg, Sugar: Rs 38 per kg, Salt: Rs 10 per kg. Is it possible? Yes in Assam it is!" Sarma said in a post on X, after launching the scheme during a programme here. He said from Monday onwards, "for the first time across all fair price shops", these food products will be offered at below-market prices. "Antyodaya is our aim, objective and mission," Sarma said. "There is more GOOD News: From January, Rs 100 will equal to 1 kg Dal + 1 kg Sugar + 1 kg Salt. With this we have se ...Read More >
New Delhi, Nov 10 (PTI) Highway Infrastructure Ltd, which has reported a multi-fold rise in the September quarter net profit to Rs 9.7 crore, expects to execute Rs 150-200 crore worth of EPC projects and is actively bidding for new projects of around Rs 250 crore, a top company official said on Monday. The company plans to execute Rs 150-Rs 200 crore worth of EPC projects over the next two years and is actively bidding for new projects worth approximately Rs. 250 crores, Arun Kumar Jain, Managi ...Read More >
Bhubaneswar, Nov 10 (PTI) Union Agriculture and Farmers' Welfare Minister Shivraj Singh Chouhan on Monday asked agriculture scientists to develop high-quality millet seeds to make it a profitable crop so that farmers can divert towards it. Chouhan said this while addressing the international symposium on Shree Anna (Millet) and Woman Farmer here on the occasion of 'Mandia Divas' (Millets Day). "The farmers are looking for crops which will give them better financial benefits. So, it is a challe ...Read More >
Gandhinagar (Gujarat) [India], November 10 (ANI): GIFT City, India's first operational smart city and International Financial Services Centre (IFSC), and a project of national importance has announced that Bastian Hospitality, one of India's leading premium food and beverage (F&B) groups, is entering Gujarat with a flagship dining and lifestyle destination at GIFT City's Central Park. The upcoming venue, Bastian Republic, will operate the food zone spread across one lakh sq. ft. at Central Park ...Read More >
India's dynamic business landscape is constantly evolving. From the surge in fintech startups disrupting traditional banking to the impact of global inflation on domestic markets, understanding the economic currents is crucial. Stay informed on the latest developments in Indian business, including key policy changes, market analysis, and corporate strategies impacting sectors like manufacturing, IT, and agriculture. Explore in-depth reports on the rise of e-commerce giants, the challenges faced by MSMEs, and the government's initiatives to boost economic growth. Discover how foreign direct investment is shaping the future of Indian industries and the innovative solutions driving entrepreneurship. Dive into Abtak.com's business section for insightful commentary and data-driven analysis – empowering you to navigate the complexities of the Indian economy and make informed decisions. Stay ahead of the curve; explore the business news that shapes your future.