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.
India imports 50 per cent of its LNG stocks from the international market. New Delhi: Union Petroleum and Natural Gas Minister Hardeep Singh Puri is on a two-day visit to Qatar today and tomorrow amid concerns over energy supplies triggered by the Iran war. Why his visit matters India imports 50 per cent of its LNG stocks from the international market, oil economist Kirit Parikh said. Out of this, 40 per cent stocks are sourced from Qatar. However, much of India's imports have been severely ...Read More >
Gurugram, Haryana, India (NewsVoir) In Vietnam, EVs have quietly moved from fringe to mainstream. At the center is VinFast, building not just vehicles but the full system that makes electric mobility practical, affordable, and increasingly hard to ignore. There was a point in time when electric vehicles weren't just a relative novelty, but were actually a preferred choice, at least in the U.S., where they first gained traction. Even back in the 1990s, people were already aware of the benefits o ...Read More >
Lucknow, Expressing deep concern over the damage caused to rabi crops due to unseasonal rains, hailstorms, and incidents of fire in some areas, Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday directed officials to ensure immediate compensation for farmers. Chairing a high-level review meeting in the morning, the chief minister said, "It is natural for farmers to feel worried in such adverse circumstances, and the state government stands firmly with them with full commitment," accordin ...Read More >
Bengaluru: Amazon is preparing to scale down its 4-24 hour grocery delivery service, Amazon Fresh, in several major Indian cities as it sharpens focus on its quick commerce offering, AmazonNow, according to a UBS Global Research report.The transition is expected to play out across 10-15 large urban markets where AmazonNow is being expanded, effectively replacing Amazon Fresh in these locations, the report said.The move underscores Amazon's shift towards faster fulfillment models, as competition ...Read More >
NEW DELHI: A Gujarat-based deep-tech drone company has delivered "hundreds of kamikaze (suicide or self-destruct) drones" to Indian Army as part of a Rs 10 crore contract with the defence ministry.The contract with Surat-based InsideFPV was signed last Dec, and the consignment of drones was sent to the Army within a two-month timeframe via emergency procurement route. The exact number of drones delivered to Army's Northern Command was not disclosed by the company for security reasons.Recognised ...Read More >
On this occasion, the Chief Minister paid tribute to the brave martyrs and honored their family members. He said that the sacrifices made by soldiers for the nation will always remain a source of inspiration. A Soldiers' Felicitation Ceremony was organised in Khatima, Udham Singh Nagar district, where Chief Minister Pushkar Singh Dhami participated. The event was held on the occasion of the 6th death anniversary of his father, Subedar Late Sher Singh Dhami. On this occasion, the Chief Minister ...Read More >
The Financial Intelligence Unit-India and the Indian Cyber Crime Coordination Centre have signed an agreement to improve information sharing and combat cyber frauds. The MoU aims to enhance fraud detection and prevention protocols and facilitate the development of guidelines for financial institutions. This marks a new era of intelligence sharing in India. The Financial Intelligence Unit-India (FIU-IND) and the Indian Cyber Crime Coordination Centre (I4C) have formalized an agreement to bolster ...Read More >
India's petroleum sector remains well supplied with LPG and crude inventories even amid the current geopolitical uncertainties, said Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas. Addressing a press conference on Thursday, Sharma said, "As you are aware, LPG supply has been affected due to the present geopolitical situation, and nearly 60% of the country's LPG requirement is met through imports. In view of this, domestic consumers have been prioritised, and 100% su ...Read More >
Royal Enfield Flying Flea C6 Royal Enfield launched its first electric motorcycle, named the Flying Flea C6, in India at a starting price of Rs 2.79 lakh (ex-showroom). With battery-as-a-Service (BaaS), the electric motorcycle costs Rs 1.99 lakh (ex-showroom). This launch represents a significant advancement in the company's entry into the electric vehicle segment. Moreover, this event will pave the way for the future electric motorcycles that the brand has already announced. Flying Flea C6: R ...Read More >
The successful PoCs demonstrated that contactless, biometric-enabled international travel is already achievable with digital identity replacing paper documentation. The International Air Transport Association (IATA) has unveiled promising results from recent digital identity Proofs of Concept (PoCs), demonstrating that the future of international travel is on the brink of a significant transformation. Conducted with the collaboration of airlines, airports, technology providers, and governmenta ...Read More >
Ranchi (Jharkhand) [India], April 9 (ANI): Hockey Association of Odisha, Hockey Madhya Pradesh, Uttar Pradesh Hockey, and Hockey Jharkhand won in the Quarter-Finals of the Division 'A' of the 16th Hockey India Sub Junior Women National Championship 2026, Ranchi, Jharkhand, which is supported by Anandana, the Coca-Cola India Foundation, on Thursday. In Quarter-Final 1, the Hockey Association of Odisha enjoyed a commanding 8-1 victory over Hockey Maharashtra. Priyanka Minz (8', 26', 41', 54) was ...Read More >
New Delhi, Apr 9 (PTI) E-commerce firm Amazon is planning to expand its quick commerce vertical Amazon Now in the US and Europe after success in India, according to a document from the company. The company started Amazon Now last year in India and the UAE. "We've been working on Amazon Now, ultra-fast delivery on thousands of items within 20 minutes. Customers love this service. In India, where we have more than 360 micro-fulfilment centres (and growing rapidly), Amazon Now orders are increasi ...Read More >
NEW DELHI: In a major step toward strengthening India's cybercrime and financial security ecosystem, the Financial Intelligence Unit-India (FIU-IND) and the Indian Cyber Crime Coordination Centre (I4C) have signed a comprehensive Memorandum of Understanding (MoU) to boost coordination, intelligence sharing, and fraud prevention. The agreement was formally signed by Amit Mohan Govil, Director of FIU-IND, and Rajesh Kumar, Chief Executive Officer of I4C. The partnership marks a new phase of colla ...Read More >
New Delhi: India's petroleum sector remains resilient despite ongoing geopolitical tensions impacting global energy supply chains, with the government asserting that domestic LPG and fuel availability remains stable and well-managed. Addressing a press briefing on Thursday, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said that while international disruptions have affected imports, the government has taken proactive steps to shield domestic consumers. "Nearly 60 ...Read More >
India - UP CM Adityanath orders immediate relief for crop losses; highlights surge in agriculture growth rate Expressing deep concern over the damage caused to rabi crops due to unseasonal rains, hailstorms, and incidents of fire in parts of Uttar Pradesh, Chief Minister Yogi Adityanath on Wednesday directed officials to ensure immediate compensation for affected farmers, while also highlighting the state's improved agricultural growth rate over the past nine years. Chairing a high-level revie ...Read More >
Indore: India's pharmaceutical sector is facing a slowdown due to the ongoing conflict between the United States, Israel, and Iran. Apart from petrol and LPG gas, the war has led to an increase in the prices of raw materials used in drug manufacturing as well, particularly those sourced from China. The cost has gone up between 40% and 100%, which is expected to disrupt supply chains. According to JP Mulchandani, President of the Basic Drug Dealers Association, Indore, the Indian pharmaceutical ...Read More >
New Delhi: A sharp shift in the weather conditions is set to sweep across large parts of India, with the India Meteorological Department (IMD) warning of a rapid rise in temperatures in North India even as heavy rainfall continues to batter parts of the Northeast. After nearly three weeks of unseasonal rain linked to active Western Disturbances, North India is now heading toward a sudden onset of heat. The IMD forecasts that temperatures could rise by 8-10°C over the next few days, marking a sw ...Read More >
New Delhi [India], April 9 (ANI): In a step towards strengthening India's fight against cyber fraud and financial crimes, the Financial Intelligence Unit-India (FIU-IND) and the Indian Cyber Crime Coordination Centre (I4C) signed a Memorandum of Understanding (MoU) to enhance information sharing and coordination. According to a statement released by the Ministry of Finance, "The MoU was signed by Amit Mohan Govil, Director, FIU-IND, and Rajesh Kumar, Chief Executive Officer, the Indian Cyber Cr ...Read More >
New Delhi: Looking to check cyber frauds and financial crimes, the Union Home Ministry's Indian Cybercrime Coordination Centre (I4C) signed an Memorandum of Understanding (MoU) with the Finance Ministry's Financial Intelligence Unit-India (FIU-IND) to enhance information sharing and coordination, an official said on Thursday. The MoU aims to enable both agencies to establish robust feedback mechanisms for enhancing fraud detection protocols at the national level, the official said in a statemen ...Read More >
MUMBAI: Equity benchmark indices Sensex and Nifty buckled under heavy selling pressure to close with deep cuts on Thursday after investors pared exposure to financial, banking, and IT stocks as renewed tensions in West Asia faded the ceasefire-led optimism. Weak trends in Asian and European markets, a jump in crude oil prices and uninterrupted foreign fund outflows also made investors jittery in the domestic market. Snapping its five-session winning run, the 30-share BSE Sensex dropped 931.25 ...Read More >
Bengaluru: Wipro is gearing up for a key capital allocation decision, signaling a potential return of cash to shareholders as its board prepares to review a share buyback proposal next week. Board To Evaluate Buyback Wipro confirmed that its Board of Directors will examine a proposal to repurchase equity shares during its meeting slated over April 15-16, 2026. The move indicates the company may be considering deploying surplus cash to reward shareholders, a strategy commonly used to improve ea ...Read More >
Kolkata, Apr 9 (PTI) Air-conditioning and commercial refrigeration major Blue Star Limited expects around 20 per cent growth in volumes and about 25 per cent revenue growth this year, its managing director B Thiagarajan said on Thursday. He said the air-conditioning industry is currently facing a total cost impact of around 13 per cent, comprising 5 per cent from revised energy labelling norms and about 8 per cent due to higher raw material prices. "Out of this, the industry has already passed ...Read More >
New Delhi, Apr 9 (PTI) Silver prices declined by Rs 7,800 to Rs 2.43 lakh per kilogram in the national capital on Thursday while gold fell to Rs 1.54 lakh per 10 grams as investors booked profits amid concerns over the durability of the fragile ceasefire in West Asia. According to the All India Sarafa Association, the white metal depreciated by Rs 7,800, or 3.10 per cent, to Rs 2,43,200 per kg (inclusive of all taxes) from Wednesday's closing level of Rs 2,51,000 per kg. Gold of 99.9 per cent ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP whales are aggressively accumulating while the asset's recent price action keeps many retail participants cautious. This raises a key question for investors: are large holders positioning ahead of something the average trader has not yet recognized? While XRP has dropped 3.5% in the past 24 hours, on-chain metrics indicate that XRP whales have dramatically shifted their posit ...Read More >
Chandigarh, Apr 9 (PTI) The Haryana government has suspended two officers of the Indian Administrative Service (IAS) with immediate effect. In two separate orders issued on Wednesday, the government placed Ram Kumar Singh and Pardeep Kumar under suspension with immediate effect. While no reason was given for their suspension, sources said the action was linked to the ongoing probe into the Rs 590-crore IDFC First Bank fraud case. During the suspension period, both officers -- promoted from the ...Read More >
New Delhi, Apr 9 (PTI) Oil Minister Hardeep Singh Puri will undertake a two-day visit to Qatar, India's largest supplier of liquefied natural gas and cooking gas LPG, which had halted supplies following the outbreak of the conflict in the Middle East. The visit on April 9-10 follows a tentative US-Iran ceasefire that has rekindled hopes of resumption of energy supplies from the region. "Union Minister for Petroleum & Natural Gas, Shri Hardeep S Puri, will be on an official visit to the State o ...Read More >
New Delhi [India], April 9: CASE Group, a leading developer of indigenous coal gasification technologies, is strengthening India's industrial energy security through domestically designed gasifier systems. The company's solutions enable industries to replace imported fuels such as furnace oil, LPG, and natural gas with locally available coal. Also Read | Oracle Layoffs: Over 700 Workers Across Redwood City, Santa Clara and Pleasanton in California To Lose Jobs by June 1. The industrial sector ...Read More >
Singur (West Bengal): Union Minister, Shivraj Singh Chouhan, on Thursday launched a sharp attack on the state government over the condition of farmers in Singur, alleging neglect, lack of policy implementation, and failure to provide justice over the past 15 years. Speaking to IANS, Chouhan claimed that farmers in Singur were "shedding tears of blood" and feeling completely exhausted due to prolonged distress. He claimed that agricultural land in the region had been ruined, with neither industr ...Read More >
NEW DELHI, April 9 (Reuters) - India's expected economic growth of 6.6% for fiscal 2027 could face significant risks as the Iran war fans inflation worries, but ample foreign exchange buffers and a well-capitalised banking system could help mitigate some of it, the World Bank said. Doubts lingered over a fragile two-week Middle East ceasefire, raising concerns that energy flows through the crucial Strait of Hormuz will remain restricted. India, which imports about 90% of its oil, is among econo ...Read More >
New Delhi: The Financial Intelligence Unit India and the Indian Cyber Crime Coordination Centre (I4C) signed a comprehensive memorandum of understanding (MoU) to strengthen intelligence sharing and coordination in the fight against cyber frauds and financial crimes, the government said on Thursday. The MoU aims to enable both agencies to establish robust feedback mechanisms for enhancing fraud detection protocols at the national level and facilitate the development and dissemination of guidelin ...Read More >
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