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.
NEW DELHI (AP) - India is hosting an artificial intelligence summit this week, bringing together heads of state, senior officials and tech executives to New Delhi for a five-day gathering highlighting the growing global importance of the technology. Organizers said the India AI Impact Summit is the first such summit being held in the Global South to discuss the technology developed and dominated by wealthy companies based in rich countries. It comes at a pivotal moment as AI rapidly transforms ...Read More >
In one of the worst aircraft accidents in India, a total of 260 persons, including 241 passengers, died. ShowQuick Read Summary is AI-generated, newsroom-reviewed * Union Minister Murlidhar Mohol stated the Air India crash probe is ongoing without conclusions * An Italian newspaper claimed pilot blame in the Air India Ahmedabad crash, which Mohol denied * The Aircraft Accident Investigation Bureau confirmed the investigation has not been finalized Did our AI summary help? Let us know. Sw ...Read More >
Ghaziabad (Uttar Pradesh) [India], February 16 (ANI): A fire broke out at two factories in the Sahibabad Industrial Area, Site 4, on Monday. Upon receiving the information, fire tenders were deployed and are currently on site. Firefighters responded promptly, dispatching four trucks initially and calling in reinforcements from Noida and Hapur. CFO Rahul Pal reported the fire was brought under control within half an hour, with no casualties. Also Read | Himanta Biswa Sarma Rifle Video Case: 'No ...Read More >
Bengaluru (Karnataka) [India], February 16: Shriram Properties Limited ("SPL"), a leading mid-market and mid premium focused residential real estate developer, has acquired a strategically well-located land parcel of ~4 acres on Sarjapur Main Road, South-East Bengaluru, through an outright purchase transaction. Proposed High-Rise Residential Development with GDV of ~₹550-600Cr. Also Read | Rashmika Mandanna-Vijay Deverakonda's Wedding Invitation Card Leaked? Feb 26 Intimate Ceremony To Be Follo ...Read More >
New Delhi: Micro, small and medium enterprises (MSMEs) must remain central to India's artificial intelligence (AI) strategy as the country works to unlock value in manufacturing and accelerate economic growth, Gaurav Kataria, VP Digital (Manufacturing) and CDIO PSPD at ITC Ltd told ANI today. "MSME is absolutely a great focus and really, really required at this point in time," Kataria told ANI on the sidelines of "Democratizing AI Resources for Economic Growth and Social Good", organised by the ...Read More >
Sambalpur (Odisha) [India], February 16 (ANI): Union Education Minister Dharmendra Pradhan inaugurated the Matsya 'O' Prani Sampada Mela and visited Subhadra Shakti stalls, including agriculture and farm mechanisation exhibits at the event premises in Sambalpur. Addressing the gathering, the Sambalpur MP urged Mahanadi Coalfields Limited (MCL) to provide 1,000 cows to farmers to boost milk production and enhance their income. Under the initiative, each cow costs Rs 90,000, with farmers contrib ...Read More >
NEW DELHI: India's first commercial semiconductor production is expected to begin by the end of this month (February), said S Krishnan, Secretary at the Ministry of Electronics and Information Technology (MeitY), on Monday. Speaking at the India AI Impact Summit in Delhi, Krishnan also said that US-based Micron will commence production at its assembly, test, marking and packaging (ATMP) facility in Sanand. "Maybe by the end of this month we should see the inauguration of the first of the 10 app ...Read More >
New Delhi [India], February 16 (ANI): With the AI Impact Summit 2026 kicking off on Monday, Indian AI and gaming startups take centre stage, showcasing cutting-edge innovations that place the country at the forefront of AI-powered gaming and immersive technologies. The summit, positioned as a premier global platform on Artificial Intelligence, brings together policymakers, investors, technology leaders and startups to highlight real-world AI applications across sectors. Among the standout part ...Read More >
New Delhi, Feb 16 (SocialNews.XYZ) Leading startup founders and experts on Monday said that artificial intelligence (AI) is not a luxury but a necessity, which will make service delivery easier for the masses in India, as the country kicked off the five-day 'India AI Impact Summit 2026' here. Speaking to IANS on the sidelines of the mega event, Ankit Modi, founding member and Chief Product Officer at healthcare company Qure.ai, said that due to a large population, there is a lot of potential fo ...Read More >
New Delhi [India], February 16 (ANI): Emphasising India's growing leadership in emerging technologies, Shri Sanjiv, Joint Secretary at the Department for Promotion of Industry and Internal Trade (DPIIT) in the Ministry of Commerce and Industry, said that artificial intelligence (AI) is set to usher in a transformative era and that fears surrounding job losses are misplaced as the AI Impact Summit kicked off on Monday in the national capital. Addressing concerns over automation-led job displacem ...Read More >
Amaravati (Andhra Pradesh) [India], February 16 (ANI): Yuvajana Sramika Rythu Congress Party (YSRCP) on Monday questioned the purpose and relevance of Microsoft co-founder Bill Gates' visit to Andhra Pradesh, alleging that the state government was focusing on publicity while neglecting pressing issues in welfare hostels. YSRCP spokesperson and former MLA TJR Sudhakar Babu questioned the visit, asking what tangible benefits it would bring to the state's people. "What benefits will Bill Gates' vi ...Read More >
Meerut (UP), Feb 16 (PTI) The district court here received a bomb threat via email on Monday, prompting authorities to carry out a search operation in the premises after evacuating the staff and others, officials said. Normal work in the courts in Meerut has resumed after nothing suspicious was found, they said. All judicial officers gathered on the lawn in front of the district judge's court as the bomb squad and dog squad were deployed in the court premises. Court-related work was disrupted ...Read More >
New Delhi: The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 5 lakh on e-commerce platform Snapdeal for selling toys that do not comply with mandatory Bureau of Indian Standards certification, violating the Toys (Quality Control) Order, 2020. A final order against Snapdeal (Ace Vector Limited) has been issued after taking suo-motu cognisance of the matter, CCPA Chief Commissioner Nidhi Khare told PTI. The CCPA has also issued notices to other e-commerce entities, incl ...Read More >
New Delhi: Private equity funds affiliated with Blackstone and co-investors have entered into definitive agreements to invest in Neysa, enabling a USD 1.2 billion capital raise to build what the company aims to be India's leading AI infrastructure platform. Blackstone and co-investors have committed equity capital of up to USD 600 million, based on which Neysa intends to secure an additional USD 600 million in debt financing, subject to documentation, the Indian AI firm said in a statement. The ...Read More >
Mumbai: Equity benchmark indices Sensex and Nifty rebounded sharply by nearly 1 per cent Monday, driven by strong buying in power, banking, and financial stocks. Snapping its three-day decline, the 30-share BSE Sensex jumped 650.39 points, or 0.79 per cent, to close at 83,277.15. The 50-share NSE Nifty advanced 211.65 points, or 0.83 per cent, to settle at 25,682.75. PowerGrid emerged as the top gainer in the Sensex pack, rising 4.45 per cent, followed by HDFC Bank, Axis Bank, NTPC, ITC, Asia ...Read More >
New Delhi: 15/02/2026: Preparation underway ahead of India AI Impact Summit 2026 at Bharat Mandapam in New Delhi on February 15, 2026. Photo by: Shashi Shekhar Kashyap/ The Hindu | Photo Credit: SHASHI SHEKHAR KASHYAP India AI Impact Summit 2026 in Delhi Highlights: The India AI Impact Expo 2026 will be held from February 16-20, alongside the India AI Impact Summit at the Bharat Mandapam. In a post on X, Modi said, "Bringing the world together to discuss AI! Starting today, India hosts the AI ...Read More >
Mumbai, Feb 16 (PTI) Equity benchmark indices Sensex and Nifty rebounded sharply by nearly 1 per cent on Monday, driven by strong buying in power, banking, and financial stocks. Snapping its three-day decline, the 30-share BSE Sensex jumped 650.39 points, or 0.79 per cent, to close at 83,277.15. The 50-share NSE Nifty advanced 211.65 points, or 0.83 per cent, to settle at 25,682.75. PowerGrid emerged as the top gainer in the Sensex pack, rising 4.45 per cent, followed by HDFC Bank, Axis Bank, ...Read More >
Jaipur, Feb 16 (PTI) Seven people were burnt alive in an illegal firecracker-manufacturing factory in the Bhiwadi town of Rajasthan's Khairthal-Tijara district on Monday, officials said. "Seven persons have died in the incident. It was a garment factory but firecrackers were being manufactured inside it illegally," Sumitra Pareek, Additional District Magistrate, said. She said that two people trapped in the factory were rescued. They were admitted to Delhi's Safdarjung Hospital in a critical co ...Read More >
Bengaluru, Feb 16, 2026 (ANI) Kanishka Narayan, UK's AI Minister hailed the close tech ties between India and the United Kingdom and underlined that the recent visits by PM Modi and PM Starmer have further given impetus to the ties cutting across tech to trade. He told ANI how the two countries share a joint vision for the future of AI. "We have a very joint set of values, joint set of focus areas, and a very joint sense of enthusiasm for where AI goes in our countries." With New Delhi hosting t ...Read More >
Lucknow, Feb 16 (PTI) Lucknow Metro on Monday launched QR-based tickets, which can be booked from anywhere to enjoy a hassle-free metro travel experience. The QR-based ticketing system was formally inaugurated at the Hazratganj Metro Station here by Managing Director of Uttar Pradesh Metro Rail Corporation (UPMRC), Sushil Kumar. Under the new system, passengers can book QR tickets through the official Lucknow Metro mobile application - Lucknow Metro Official (available on Play Store and iOS St ...Read More >
Jaipur: Prime Minister Narendra Modi has expressed deep grief over the tragic fire accident in Bhiwadi, Rajasthan, and extended heartfelt condolences to the families of those who lost their lives. In a social media post, he mourned the loss and prayed for the speedy recovery of the injured. According to officials, seven people were burnt alive in an illegal firecracker-manufacturing unit that was operating inside a garment factory in Bhiwadi's Khairthal-Tijara district on Monday. "Seven people ...Read More >
Shimla (Himachal Pradesh) [India], February 16 (ANI): In a development that underscored the widening rift between Raj Bhavan and the Himachal government, Governor Shiv Pratap Shukla on Monday declined to read the customary full Governor's Address on the opening day of the Budget Session of the HP Assembly. Addressing the House briefly, Governor Shukla said, "I don't think I should read it," while specifically pointing out that the prepared address contained "comments on constitutional instituti ...Read More >
New Delhi [India], February 16 (ANI): Unified Payments Interface (UPI) has emerged as the most preferred mode of transaction, accounting for 57 per cent, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to a survey. The Department of Financial Services (DFS), Ministry of Finance, released a report titled 'Socio-Economic Impact Analysis of the Incentive Scheme for Promotion of RuPay Debit Card and low-value BHIM-UPI (Person ...Read More >
Bengaluru (Karnataka) [India], February 16 (ANI): Anthropic has officially opened its new office in Bengaluru. This location serves as the company's second base in the Asia-Pacific region. The move follows the announcement that India is now the second-largest market for the AI assistant, Claude.ai. The office will be led by Irina Ghose, the Managing Director of India. The company stated that India is "home to a developer community doing some of the most technically intense AI work we see anywhe ...Read More >
BENGALURU: Anthropic's business in India has doubled in just four months, according to its chief executive officer Dario Amodei, who pointed to rapid growth in developer usage and increasing government adoption of artificial intelligence tools. Speaking at Anthropic's Builder Summit in Bengaluru, Amodei said, "Anthropic's business, its run rate revenue within India, has doubled over the last four months since I last visited." He added that Claude Code "may have grown even faster with this set o ...Read More >
Ghaziabad (Uttar Pradesh) [India], February 16 (ANI): A fire broke out at two factories in the Sahibabad Industrial Area, Site 4, on Monday. Upon receiving the information, fire tenders were deployed and are currently on site. Firefighters responded promptly, dispatching four trucks initially and calling in reinforcements from Noida and Hapur. CFO Rahul Pal reported the fire was brought under control within half an hour, with no casualties. "Today at 12 noon, we received information at the Fir ...Read More >
New Delhi: The Delhi High Court on Monday dismissed a petition challenging the no-objection certificate (NOC) given by the market regulator for the proposed IPO of the National Stock Exchange (NSE). The decision removes an important legal hurdle in NSE's long-pending plan to go public. The court observed that the petition appeared to be aimed at stopping or delaying the IPO process of the country's largest stock exchange. What the Petition Argued? The plea challenged the NOC issued on January ...Read More >
Kerala: The wait is finally over for Kerala lottery enthusiasts! The Kerala Bhagyathara BT-41 lottery results for Monday, February 16, 2026, will be declared live at 3 PM, with the official result list available on the Kerala Lottery Department's website by 4 PM. The first prize winner will take home a whopping ₹1 crore. Stay tuned as The Free Press Journal (FPJ) brings you real-time updates and the complete winner list once it's released. If you've purchased a Bhagyathara BT-41 ticket, check yo ...Read More >
Mumbai: Indian stock markets recovered strongly on Monday after two days of losses. A sharp rise in banking stocks helped lift investor mood in the second half of the session. The 30-share Sensex rose 650.39 points, or 0.79 percent, to close at 83,277.15. The broader Nifty gained 211.65 points, or 0.83 percent, ending at 25,682.75. The rally came mainly in the final hours of trading. Banking Stocks Lead the Rally Buying in banking and financial stocks pushed the market higher. Among the top ...Read More >
New Delhi, Feb 16 (PTI) In-Solutions Global Ltd (ISG) on Monday announced that it has received regulatory authorisation from the Reserve Bank of India (RBI) across all three Payment Aggregator categories - online, physical or offline and cross-border. The approval was granted under the latest RBI Master Directions for 2025-26. With these approvals, ISG joins a select group of non-bank ecosystem players enabled to support merchant payments across domestic and international channels through a un ...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.